1341 W MARY ST TX 78704
| Owner | LIFE STORAGE LP |
|---|---|
| Parcel ID | 0100050319 |
| Short ID | 100290 |
| Type | Real |
| Use Code | 63 Mini-Warehouse / Self-Storage |
| Valuation | Income |
| Improvement SF | 61,800 SF |
| Land SF | 40,859 SF |
| Acres | 0.938 |
| Year Built | 2017 |
| Legal | LOT 4-A BLK 1 RESUB OF LOTS 4-5 FREDERICKSBURG ROAD ACRES |
| Neighborhood | 63SOU |
| Land | $4,314,168 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,314,168 |
| Improvement | $10,741,832 |
|---|---|
| Total Improvement | $10,741,832 |
| Market | $15,056,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,056,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,056,000 |
| Taxable Value | $15,056,000 |
|---|
Appreciation: Market value has risen +8.5% from $13,881,121 (2021) to $15,056,000 (2025), a CAGR of 2.1% over 4 years. Growth has been relatively flat for this asset class. 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 +24.1%, 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 $308,119. 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 ($4,314,168 land vs $10,741,832 improvements), about $106/SF of land. Most value sits in the improvements, so building condition, age (~9 yrs), and rent roll drive the underwriting.
Submarket Position: At $15,056,000, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). 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 +2.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $16,665,408 by 2030, with an estimated annual tax burden around $313,933. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 093 | HVAC COMMRCL SF | 82,500 SF | ✗ |
| 2ND | 2nd Floor | 20,700 SF | ✓ |
| 3RD | 3rd Floor | 20,700 SF | ✓ |
| 4TH | 4th Floor | 20,700 SF | ✓ |
| 1ST | 1st Floor | 20,400 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $129,913.97 | $129,913.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $73,580.98 | $73,580.98 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $52,775.09 | $52,775.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $16,572.46 | $16,572.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $14,519.14 | $14,519.14 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $287,361.64 | $287,361.64 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $15,030,000 | $15,056,000 | -0.2% |
| Assessed Value | $15,030,000 | $15,056,000 | -0.2% |
| Land Value | $4,314,168 | $4,314,168 | +0.0% |
| Improvement Value | $10,715,832 | $10,741,832 | -0.2% |
| Taxable Value | $15,030,000 | $15,056,000 | -0.2% |
| Total Tax 2026 = estimate |
~$307,587
Estimated
|
~$287,362
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $15,844,980 | $15,030,000 | -814,980 (-5.1%) |
| Taxable Value | $15,844,980 | $15,030,000 | -814,980 (-5.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $15,030,000 | $4,314,168 | $10,715,832 | — | $15,030,000 | $15,030,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $15,056,000 | $4,314,168 | $10,741,832 | — | $15,056,000 | $15,056,000 | ~$287,362 | Partial |
| 2024 | $14,200,000 | — | — | −$9,885,832 | $4,314,168 | $— | $314,765 | Verified |
| 2023 | $12,500,000 | — | — | −$8,185,832 | $4,314,168 | $— | $259,132 | Verified |
| 2022 | $13,700,220 | — | — | −$10,879,418 | $2,820,802 | $— | $250,469 | Verified |
| 2021 | $13,881,121 | — | — | −$11,060,145 | $2,820,976 | $— | $260,911 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.2% | +5.2% | ~100% | Not available | Partial |
| 2025 | -11.7% | -11.7% | ~100% | Not available | Partial |
| 2024 | +3.6% | +3.6% | ~100% | 1.8500% | Verified |
| 2023 | +1.9% | +1.9% | ~100% | 1.5800% | Verified |
| 2022 | +17.9% | +17.9% | ~100% | 1.5500% | Verified |
| 2021 | base year | — | ~100% | 1.8800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.2% | +1.9% | +2.1% | +13.6% | 2024 | -8.8% | 2023 |
| Assessment Ratio | 100.0% | 51.0% | — | 100.0% | 2025 | 20.3% | 2021 |
| Effective Tax Rate (2025) | 1.9100% | 1.9100% | — | 1.9100% | 2025 | 1.9100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$287,362 | $274,528 | ~$311,770 | $314,765 | 2024 | $250,469 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$15,364,940 | ~$15,364,940 | ~2.0139% | ~$309,440 | +2.1% |
| 2027 | ~$15,680,220 | ~$15,680,220 | ~1.9814% | ~$310,686 | +4.1% |
| 2028 | ~$16,001,968 | ~$16,001,968 | ~1.9488% | ~$311,853 | +6.3% |
| 2029 | ~$16,330,319 | ~$16,330,319 | ~1.9163% | ~$312,936 | +8.5% |
| 2030 | ~$16,665,408 | ~$16,665,408 | ~1.8837% | ~$313,933 | +10.7% |
| 2026 | ~$15,063,820 | ~$15,063,820 | ~2.0465% | ~$308,279 | +0.1% |
| 2027 | ~$15,071,644 | ~$15,071,644 | ~2.0465% | ~$308,439 | +0.1% |
| 2028 | ~$15,079,473 | ~$15,079,473 | ~2.0465% | ~$308,599 | +0.2% |
| 2029 | ~$15,087,305 | ~$15,087,305 | ~2.0465% | ~$308,759 | +0.2% |
| 2030 | ~$15,095,141 | ~$15,095,141 | ~2.0465% | ~$308,920 | +0.3% |
| 2026 | ~$15,666,060 | ~$15,666,060 | ~1.9977% | ~$312,955 | +4.1% |
| 2027 | ~$16,300,840 | ~$16,300,840 | ~1.9488% | ~$317,677 | +8.3% |
| 2028 | ~$16,961,340 | ~$16,961,340 | ~1.9000% | ~$322,268 | +12.7% |
| 2029 | ~$17,648,603 | ~$17,648,603 | ~1.8512% | ~$326,710 | +17.2% |
| 2030 | ~$18,363,714 | ~$18,363,714 | ~1.8024% | ~$330,982 | +22.0% |
In 2025, this property's market value of $15,056,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 11× the county median of $1,417,484. 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 | $15,056,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $14,200,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $12,500,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $13,700,220 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $13,881,121 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |
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.