608 W ELIZABETH ST B TX 78704
| Owner | FUNDAMENTALS GROUP INC |
|---|---|
| Parcel ID | 0101011403 |
| Short ID | 540291 |
| Type | Real |
| Use Code | 23 Small Office Condo |
| Valuation | Income |
| Improvement SF | 864 SF |
| Land SF | 1,855 SF |
| Acres | 0.043 |
| Year Built | 2001 |
| Legal | UNT B BOULDIN SQUARE CONDOMINIUMS AMENDED PLUS 8.82% INT IN COM AREA |
| Neighborhood | 23SC09 |
| Land | $252,223 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $252,223 |
| Improvement | $88,599 |
|---|---|
| Total Improvement | $88,599 |
| Market | $340,822 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $340,822 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $340,822 |
| Taxable Value | $340,822 |
|---|
Appreciation: Market value has risen +55.7% from $218,875 (2021) to $340,822 (2025), a CAGR of 11.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 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 $6,975. 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 74% of market value ($252,223 land vs $88,599 improvements), about $136/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $340,822, this parcel sits in the bottom quartile (<25th 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 +11.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $592,846 by 2030, with an estimated annual tax burden around $10,340. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 864 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% | $3,153.29 | $3,153.29 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,785.97 | $1,785.97 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,280.96 | $1,280.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $402.25 | $402.25 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $352.41 | $352.41 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,974.88 | $6,974.88 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $349,430 | $340,822 | +2.5% |
| Assessed Value | $349,430 | $340,822 | +2.5% |
| Land Value | $252,223 | $252,223 | +0.0% |
| Improvement Value | $97,207 | $88,599 | +9.7% |
| Taxable Value | $349,430 | $340,822 | +2.5% |
| Total Tax 2026 = estimate |
~$7,151
Estimated
|
~$6,975
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $374,704 | $349,430 | -25,274 (-6.7%) |
| Taxable Value | $374,704 | $349,430 | -25,274 (-6.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $349,430 | $252,223 | $97,207 | — | $349,430 | $349,430 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $340,822 | $252,223 | $88,599 | — | $340,822 | $340,822 | ~$6,975 | Partial |
| 2024 | $252,404 | — | — | −$181 | $252,223 | $— | $6,003 | Verified |
| 2023 | $232,053 | — | — | — | $252,223 ! | $— | $4,567 | Verified |
| 2022 | $233,796 | — | — | −$70,593 | $163,203 | $— | $4,583 | Verified |
| 2021 | $218,875 | — | — | −$55,672 | $163,203 | $— | $5,089 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.9% | +9.9% | ~100% | Not available | Partial |
| 2025 | -19.8% | +12.5% | ~100% | Not available | Partial |
| 2024 | +24.4% | -11.3% | 71.3% | 1.4100% | Verified |
| 2023 | +47.1% | +47.1% | ~100% | 1.3400% | Verified |
| 2022 | -0.7% | -0.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +45.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.5% | +10.5% | +11.2% | +35.0% | 2025 | -0.7% | 2023 |
| Assessment Ratio | 100.0% | 92.2% | — | 108.7% | 2023 | 69.8% | 2022 |
| 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 |
$6,975 | $5,443 | ~$8,893 | $6,975 | 2025 | $4,567 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$380,724 | ~$374,904 | ~2.0139% | ~$7,550 | +11.7% |
| 2027 | ~$425,298 | ~$412,395 | ~1.9814% | ~$8,171 | +24.8% |
| 2028 | ~$475,090 | ~$453,634 | ~1.9488% | ~$8,841 | +39.4% |
| 2029 | ~$530,712 | ~$498,997 | ~1.9163% | ~$9,562 | +55.7% |
| 2030 | ~$592,846 | ~$548,897 | ~1.8837% | ~$10,340 | +73.9% |
| 2026 | ~$373,908 | ~$373,908 | ~2.0465% | ~$7,652 | +9.7% |
| 2027 | ~$410,205 | ~$410,205 | ~2.0465% | ~$8,395 | +20.4% |
| 2028 | ~$450,027 | ~$450,027 | ~2.0465% | ~$9,210 | +32.0% |
| 2029 | ~$493,714 | ~$493,714 | ~2.0465% | ~$10,104 | +44.9% |
| 2030 | ~$541,641 | ~$541,641 | ~2.0465% | ~$11,085 | +58.9% |
| 2026 | ~$387,541 | ~$374,904 | ~1.9977% | ~$7,489 | +13.7% |
| 2027 | ~$440,663 | ~$412,395 | ~1.9488% | ~$8,037 | +29.3% |
| 2028 | ~$501,068 | ~$453,634 | ~1.9000% | ~$8,619 | +47.0% |
| 2029 | ~$569,752 | ~$498,997 | ~1.8512% | ~$9,237 | +67.2% |
| 2030 | ~$647,852 | ~$548,897 | ~1.8024% | ~$9,893 | +90.1% |
In 2025, this property's market value of $340,822 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -76% below 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 | $340,822 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $252,404 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $232,053 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $233,796 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $218,875 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.