MC BEE ST TX 78723
| Owner | CATELLUS AUSTIN LLC |
|---|---|
| Parcel ID | 0217131302 |
| Short ID | 833245 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 62,901 SF |
| Acres | 1.444 |
| Year Built | — |
| Legal | LOT 2 BLK 22 MUELLER SEC 2C-1 SUBD |
| Neighborhood | 87EAS |
| Land | $3,145,032 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,145,032 |
| Improvement | $7,854,968 |
|---|---|
| Total Improvement | $7,854,968 |
| Market | $11,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $11,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $11,000,000 |
| Taxable Value | $11,000,000 |
|---|
Appreciation: Market value has risen +1833233.3% from $600 (2021) to $11,000,000 (2025), a CAGR of 1063.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +17.8%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $225,113. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 29% of market value ($3,145,032 land vs $7,854,968 improvements), about $50/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $11,000,000, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +622.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $230,960,086,966 by 2031, with an estimated annual tax burden around $357,132. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 180,719 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +5,106 |
| Travis County | 0.3444% | 0.3758% | +3,454 |
| Austin ISD | 0.9505% | 0.9252% | -2,783 |
| Travis Central Health | 0.1080% | 0.1180% | +1,106 |
| Austin Community College | 0.1013% | 0.1034% | +231 |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $101,772.00 | $— | $101,772.00 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $57,641.87 | $— | $57,641.87 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $41,342.95 | $— | $41,342.95 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $12,982.53 | $— | $12,982.53 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $11,374.00 | $— | $11,374.00 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $225,113.35 | $0.00 | $225,113.35 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $101,772.00 | 45.2% |
| CAT City of Austin | 0.5240% | $57,641.87 | 25.6% |
| TCO Travis County | 0.3758% | $41,342.95 | 18.4% |
| THD Travis Central Health | 0.1180% | $12,982.53 | 5.8% |
| ACT Austin Community College | 0.1034% | $11,374.00 | 5.1% |
| Total | 2.0465% | $225,113.35 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,771,833 | $11,000,000 | +7.0% |
| Assessed Value | $11,771,833 | $11,000,000 | +7.0% |
| Land Value | $3,145,032 | $3,145,032 | +0.0% |
| Improvement Value | $8,626,801 | $7,854,968 | +9.8% |
| Taxable Value | $11,771,833 | $11,000,000 | +7.0% |
| Total Tax 2026 = estimate |
~$240,909
Estimated
|
$225,113 | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $11,771,833 | $3,145,032 | $8,626,801 | — | $11,771,833 | $11,771,833 | Not yet — post-cert | Preliminary |
| 2025 | $11,000,000 | $3,145,032 | $7,854,968 | — | $11,000,000 | $11,000,000 | $225,113 | Verified |
| 2024 | $11,000,000 | $3,145,032 | $7,854,968 | — | $11,000,000 | $11,000,000 | $218,000 | Verified |
| 2023 | $600 | $944 | — | — | $600 | $600 | $11 | Verified |
| 2022 | $600 | $944 | — | — | $600 | $600 | $12 | Verified |
| 2021 | $600 | $660 | — | — | $600 | $600 | $13 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.0% | +7.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | 2.0500% | Verified |
| 2024 | +1833233.3% ! | +1833233.3% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1833233.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.0% | +366648.1% | +622.0% | +1833233.3% | 2024 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $225,113 | $88,630 | ~$307,154 | $225,113 | 2025 | $11 | 2023 |
Market value changed by 1833233% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$84,992,903 | ~$12,949,016 | ~2.0139% | ~$260,785 | +622.0% |
| 2028 | ~$613,650,693 | ~$14,243,918 | ~1.9814% | ~$282,227 | +5112.9% |
| 2029 | ~$4,430,571,990 | ~$15,668,310 | ~1.9488% | ~$305,350 | +37537.1% |
| 2030 | ~$31,988,830,741 | ~$17,235,141 | ~1.9163% | ~$330,275 | +271640.4% |
| 2031 | ~$230,960,086,966 | ~$18,958,655 | ~1.8837% | ~$357,132 | +1961872.2% |
| 2027 | ~$84,757,466 | ~$12,949,016 | ~2.0465% | ~$265,000 | +620.0% |
| 2028 | ~$610,255,686 | ~$14,243,918 | ~2.0465% | ~$291,500 | +5084.0% |
| 2029 | ~$4,393,854,846 | ~$15,668,310 | ~2.0465% | ~$320,650 | +37225.2% |
| 2030 | ~$31,635,855,026 | ~$17,235,141 | ~2.0465% | ~$352,715 | +268642.0% |
| 2031 | ~$227,778,877,156 | ~$18,958,655 | ~2.0465% | ~$387,986 | +1934848.3% |
| 2027 | ~$85,228,339 | ~$12,949,016 | ~1.9977% | ~$258,678 | +624.0% |
| 2028 | ~$617,055,118 | ~$14,243,918 | ~1.9488% | ~$277,591 | +5141.8% |
| 2029 | ~$4,467,493,118 | ~$15,668,310 | ~1.9000% | ~$297,701 | +37850.7% |
| 2030 | ~$32,344,751,984 | ~$17,235,141 | ~1.8512% | ~$319,056 | +274663.9% |
| 2031 | ~$234,176,741,489 | ~$18,958,655 | ~1.8024% | ~$341,705 | +1989197.2% |
In 2025, this property's market value of $11,000,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 8× the county median of $1,382,921. Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $11,000,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $11,000,000 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $600 | $651,680 | $1,383,015 | $3,277,245 | ↓ Bottom 25% | +9.7% |
| 2022 | $600 | $535,964 | $1,190,250 | $2,842,216 | ↓ Bottom 25% | +3.3% |
| 2021 | $600 | $538,645 | $1,173,514 | $2,782,974 | ↓ Bottom 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Verified |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |