624 W 34 ST TX 78705
| Owner | CHOFIS PARTNERS LP |
|---|---|
| Parcel ID | 0218031114 |
| Short ID | 212616 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,926 SF |
| Land SF | 5,934 SF |
| Acres | 0.136 |
| Year Built | 1963 |
| Legal | LOT 5 BLK 7 OLT 75-76 DIV D GYPSY GROVE |
| Neighborhood | 32CEN |
| Land | $593,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $593,400 |
| Improvement | $99,625 |
|---|---|
| Total Improvement | $99,625 |
| Market | $693,025 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $693,025 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $693,025 |
| Taxable Value | $693,025 |
|---|
Appreciation: Market value has risen +4.4% from $663,759 (2021) to $693,025 (2025), a CAGR of 1.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), 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 lagged 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 $14,183. 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 86% of market value ($593,400 land vs $99,625 improvements), about $100/SF of land. With value concentrated in the land under a ~63-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $693,025, this parcel sits in the lower-middle (25th–50th 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 +0.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $691,628 by 2031, with an estimated annual tax burden around $13,028. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,463 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 715 SF | ✗ |
| 511 | DECK | 480 SF | ✗ |
| 2ND | 2nd Floor | 463 SF | ✓ |
| 581C | STORAGE ATT COMM | 40 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
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% | $6,211.36 | $6,211.36 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,518.00 | $3,518.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,523.25 | $2,523.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $792.35 | $792.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $694.18 | $694.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,739.14 | $13,739.14 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $6,211.36 | 45.2% |
| CAT City of Austin | 0.5240% | $3,518.00 | 25.6% |
| TCO Travis County | 0.3758% | $2,523.25 | 18.4% |
| THD Travis Central Health | 0.1180% | $792.35 | 5.8% |
| ACT Austin Community College | 0.1034% | $694.18 | 5.1% |
| Total | 2.0465% | $13,739.14 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $677,550 | $693,025 | -2.2% |
| Assessed Value | $677,550 | $693,025 | -2.2% |
| Land Value | $593,400 | $593,400 | +0.0% |
| Improvement Value | $84,150 | $99,625 | -15.5% |
| Taxable Value | $677,550 | $693,025 | -2.2% |
| Total Tax 2026 = estimate |
~$13,866
Estimated
|
~$13,739
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $677,550 | $593,400 | $84,150 | — | $677,550 | $677,550 | Not yet — post-cert | Preliminary |
| 2025 | $693,025 | $593,400 | $99,625 | — | $693,025 | $693,025 | ~$13,739 | Partial |
| 2024 | $671,353 | $593,400 | $77,953 | — | $671,353 | $671,353 | $13,305 | Verified |
| 2023 | $694,494 | $593,400 | $101,094 | — | $694,494 | $694,494 | $12,146 | Verified |
| 2022 | $661,310 | $445,050 | $216,260 | — | $661,310 | $661,310 | $13,060 | Verified |
| 2021 | $663,759 | $445,050 | $218,709 | — | $663,759 | $663,759 | $14,448 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.2% | -2.2% | ~100% | Not available | Partial |
| 2025 | +3.2% | +3.2% | ~100% | Not available | Partial |
| 2024 | -3.3% | -3.3% | ~100% | No billing data | Verified |
| 2023 | +5.0% | +5.0% | ~100% | No billing data | Verified |
| 2022 | -0.4% | -0.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.2% | +0.5% | +0.4% | +5.0% | 2023 | -3.3% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9800% | 1.9800% | — | 1.9800% | 2025 | 1.9800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$13,739 | $13,340 | ~$13,367 | $14,448 | 2021 | $12,146 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$680,342 | ~$680,342 | ~2.0139% | ~$13,702 | +0.4% |
| 2028 | ~$683,146 | ~$683,146 | ~1.9814% | ~$13,536 | +0.8% |
| 2029 | ~$685,962 | ~$685,962 | ~1.9488% | ~$13,368 | +1.2% |
| 2030 | ~$688,789 | ~$688,789 | ~1.9163% | ~$13,199 | +1.7% |
| 2031 | ~$691,628 | ~$691,628 | ~1.8837% | ~$13,028 | +2.1% |
| 2027 | ~$666,791 | ~$666,791 | ~2.0465% | ~$13,646 | -1.6% |
| 2028 | ~$656,204 | ~$656,204 | ~2.0465% | ~$13,429 | -3.2% |
| 2029 | ~$645,784 | ~$645,784 | ~2.0465% | ~$13,216 | -4.7% |
| 2030 | ~$635,530 | ~$635,530 | ~2.0465% | ~$13,006 | -6.2% |
| 2031 | ~$625,438 | ~$625,438 | ~2.0465% | ~$12,799 | -7.7% |
| 2027 | ~$693,893 | ~$693,893 | ~1.9977% | ~$13,862 | +2.4% |
| 2028 | ~$710,631 | ~$710,631 | ~1.9488% | ~$13,849 | +4.9% |
| 2029 | ~$727,772 | ~$727,772 | ~1.9000% | ~$13,828 | +7.4% |
| 2030 | ~$745,327 | ~$745,327 | ~1.8512% | ~$13,797 | +10.0% |
| 2031 | ~$763,305 | ~$763,305 | ~1.8024% | ~$13,758 | +12.7% |
In 2025, this property's market value of $693,025 places it in the 25th–50th percentile for Commercial properties in Travis County (13595 comparable) — -50% below 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 | $693,025 | $632,506 | $1,382,921 | $3,258,143 | ↓ Below median | -0.8% |
| 2024 | $671,353 | $647,500 | $1,401,787 | $3,362,090 | ↓ Below median | +0.0% |
| 2023 | $694,494 | $651,680 | $1,383,015 | $3,277,245 | ↓ Below median | +9.7% |
| 2022 | $661,310 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $663,759 | $538,645 | $1,173,514 | $2,782,974 | ↓ Below median | 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 | Partial |
| 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 | — |