2405 W PARMER LN TX 78727
| Owner | IPERS MARKET AT PARMER INC |
|---|---|
| Parcel ID | 0262130320 |
| Short ID | 266433 |
| Type | Real |
| Use Code | 42 Neighborhood Shopping Center |
| Valuation | Income |
| Improvement SF | 25,068 SF |
| Land SF | 97,923 SF |
| Acres | 2.248 |
| Year Built | 1985 |
| Legal | LOT 1 LESS .042A PARMER SQUARE SUBD PLUS .005A VACATED STREET |
| Neighborhood | 42NOR |
| Land | $2,937,686 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,937,686 |
| Improvement | $7,115,314 |
|---|---|
| Total Improvement | $7,115,314 |
| Market | $10,053,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,053,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,053,000 |
| Taxable Value | $10,053,000 |
|---|
Appreciation: Market value has risen +25.8% from $7,993,446 (2021) to $10,053,000 (2025), a CAGR of 5.9% over 4 years. This represents moderate, steady growth. 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 $205,733. 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 ($2,937,686 land vs $7,115,314 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $10,053,000, 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 +4.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $12,144,488 by 2031, with an estimated annual tax burden around $228,771. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 72,890 SF | ✗ |
| 1ST | 1st Floor | 25,068 SF | ✓ |
| 611 | TERRACE | 4,359 SF | ✗ |
| 501 | CANOPY | 4,275 SF | ✗ |
| 407 | LOADING DOCK | 395 SF | ✓ |
| 437 | FENCE MASON LF | 46 SF | ✗ |
| 413 | STAIRWAY EXT | 7 SF | ✓ |
| 482 | LIGHT POLES | 3 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% | $93,010.36 | $93,010.36 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $52,679.43 | $52,679.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $37,783.70 | $37,783.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,864.85 | $11,864.85 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,394.80 | $10,394.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $205,733.14 | $205,733.14 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $93,010.36 | 45.2% |
| CAT City of Austin | 0.5240% | $52,679.43 | 25.6% |
| TCO Travis County | 0.3758% | $37,783.70 | 18.4% |
| THD Travis Central Health | 0.1180% | $11,864.85 | 5.8% |
| ACT Austin Community College | 0.1034% | $10,394.80 | 5.1% |
| Total | 2.0465% | $205,733.14 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,852,731 | $10,053,000 | -2.0% |
| Assessed Value | $9,852,731 | $10,053,000 | -2.0% |
| Land Value | $2,937,686 | $2,937,686 | +0.0% |
| Improvement Value | $6,915,045 | $7,115,314 | -2.8% |
| Taxable Value | $9,852,731 | $10,053,000 | -2.0% |
| Total Tax 2026 = estimate |
~$201,635
Estimated
|
~$205,733
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $9,852,731 | $2,937,686 | $6,915,045 | — | $9,852,731 | $9,852,731 | Not yet — post-cert | Preliminary |
| 2025 | $10,053,000 | $2,937,686 | $7,115,314 | — | $10,053,000 | $10,053,000 | ~$205,733 | Partial |
| 2024 | $10,252,654 | $2,937,686 | $7,314,968 | — | $10,252,654 | $10,252,654 | $203,189 | Verified |
| 2023 | $8,433,468 | $2,937,686 | $5,495,782 | — | $8,433,468 | $8,433,468 | $152,582 | Verified |
| 2022 | $8,030,992 | $2,937,686 | $5,093,306 | — | $8,030,992 | $8,030,992 | $158,606 | Verified |
| 2021 | $7,993,446 | $2,937,686 | $5,055,760 | — | $7,993,446 | $7,993,446 | $173,992 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2025 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2024 | +21.6% | +21.6% | ~100% | No billing data | Verified |
| 2023 | +5.0% | +5.0% | ~100% | No billing data | Verified |
| 2022 | +0.5% | +0.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.0% | +4.6% | +4.3% | +21.6% | 2024 | -2.0% | 2026 |
| 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
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$205,733 | $178,820 | ~$217,761 | $205,733 | 2025 | $152,582 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$10,273,564 | ~$10,273,564 | ~2.0139% | ~$206,903 | +4.3% |
| 2028 | ~$10,712,372 | ~$10,712,372 | ~1.9814% | ~$212,254 | +8.7% |
| 2029 | ~$11,169,923 | ~$11,169,923 | ~1.9488% | ~$217,684 | +13.4% |
| 2030 | ~$11,647,016 | ~$11,647,016 | ~1.9163% | ~$223,191 | +18.2% |
| 2031 | ~$12,144,488 | ~$12,144,488 | ~1.8837% | ~$228,771 | +23.3% |
| 2027 | ~$10,076,510 | ~$10,076,510 | ~2.0465% | ~$206,214 | +2.3% |
| 2028 | ~$10,305,371 | ~$10,305,371 | ~2.0465% | ~$210,898 | +4.6% |
| 2029 | ~$10,539,430 | ~$10,539,430 | ~2.0465% | ~$215,688 | +7.0% |
| 2030 | ~$10,778,805 | ~$10,778,805 | ~2.0465% | ~$220,587 | +9.4% |
| 2031 | ~$11,023,617 | ~$11,023,617 | ~2.0465% | ~$225,597 | +11.9% |
| 2027 | ~$10,470,619 | ~$10,470,619 | ~1.9977% | ~$209,168 | +6.3% |
| 2028 | ~$11,127,256 | ~$11,127,256 | ~1.9488% | ~$216,852 | +12.9% |
| 2029 | ~$11,825,072 | ~$11,825,072 | ~1.9000% | ~$224,678 | +20.0% |
| 2030 | ~$12,566,650 | ~$12,566,650 | ~1.8512% | ~$232,633 | +27.5% |
| 2031 | ~$13,354,734 | ~$13,354,734 | ~1.8024% | ~$240,702 | +35.5% |
In 2025, this property's market value of $10,053,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 7× 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 | $10,053,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $10,252,654 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $8,433,468 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $8,030,992 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $7,993,446 | $538,645 | $1,173,514 | $2,782,974 | ↑ Top 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 | 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 | — |