608 W ELIZABETH ST F TX 78704
| Owner | HODGES COLIN AND SHARI |
|---|---|
| Parcel ID | 0101011407 |
| Short ID | 540295 |
| Type | Real |
| Use Code | 23 Small Office Condo |
| Valuation | Income |
| Improvement SF | 1,822 SF |
| Land SF | 3,917 SF |
| Acres | 0.090 |
| Year Built | 2001 |
| Legal | UNT F BOULDIN SQUARE CONDOMINIUMS AMENDED PLUS 18.63% INT IN COM AREA |
| Neighborhood | 23SC09 |
| Land | $665,946 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $665,946 |
| Improvement | $158,458 |
|---|---|
| Total Improvement | $158,458 |
| Market | $824,404 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $824,404 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $824,404 |
| Taxable Value | $824,404 |
|---|
Appreciation: Market value has risen +52.9% from $539,200 (2021) to $824,404 (2025), a CAGR of 11.2% 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 +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 $16,871. 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 81% of market value ($665,946 land vs $158,458 improvements), about $170/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 $824,404, this parcel sits in the lower-middle (25th–50th 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 +11.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,401,612 by 2030, with an estimated annual tax burden around $25,011. 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 | 1,822 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% | $7,627.39 | $7,627.39 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,320.02 | $4,320.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,098.48 | $3,098.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $972.99 | $972.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $852.43 | $852.43 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,871.31 | $16,871.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $904,380 | $824,404 | +9.7% |
| Assessed Value | $904,380 | $824,404 | +9.7% |
| Land Value | $665,946 | $665,946 | +0.0% |
| Improvement Value | $238,434 | $158,458 | +50.5% |
| Taxable Value | $904,380 | $824,404 | +9.7% |
| Total Tax 2026 = estimate |
~$18,508
Estimated
|
~$16,871
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $904,380 | $904,380 | +0 (+0.0%) |
| Taxable Value | $904,380 | $904,380 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $904,380 | $665,946 | $238,434 | — | $904,380 | $904,380 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $824,404 | $665,946 | $158,458 | — | $824,404 | $824,404 | ~$16,871 | Partial |
| 2024 | $789,213 | — | — | −$123,267 | $665,946 | $— | $18,219 | Verified |
| 2023 | $531,045 | — | — | — | $665,946 ! | $— | $14,279 | Verified |
| 2022 | $563,000 | — | — | −$132,094 | $430,906 | $— | $10,488 | Verified |
| 2021 | $539,200 | — | — | −$108,294 | $430,906 | $— | $12,255 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.7% | +9.7% | ~100% | Not available | Partial |
| 2025 | -10.3% | -10.3% | ~100% | Not available | Partial |
| 2024 | +16.5% | +16.5% | ~100% | 1.9800% | Verified |
| 2023 | +39.7% | +39.7% | ~100% | 1.8100% | Verified |
| 2022 | -0.6% | -0.6% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +45.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.7% | +12.3% | +9.2% | +48.6% | 2024 | -5.7% | 2023 |
| Assessment Ratio | 100.0% | 94.4% | — | 125.4% | 2023 | 76.5% | 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 |
$16,871 | $14,422 | ~$21,511 | $18,219 | 2024 | $10,488 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$916,722 | ~$906,844 | ~2.0139% | ~$18,263 | +11.2% |
| 2027 | ~$1,019,378 | ~$997,529 | ~1.9814% | ~$19,765 | +23.7% |
| 2028 | ~$1,133,529 | ~$1,097,282 | ~1.9488% | ~$21,384 | +37.5% |
| 2029 | ~$1,260,464 | ~$1,207,010 | ~1.9163% | ~$23,130 | +52.9% |
| 2030 | ~$1,401,612 | ~$1,327,711 | ~1.8837% | ~$25,011 | +70.0% |
| 2026 | ~$900,234 | ~$900,234 | ~2.0465% | ~$18,423 | +9.2% |
| 2027 | ~$983,039 | ~$983,039 | ~2.0465% | ~$20,118 | +19.2% |
| 2028 | ~$1,073,460 | ~$1,073,460 | ~2.0465% | ~$21,968 | +30.2% |
| 2029 | ~$1,172,199 | ~$1,172,199 | ~2.0465% | ~$23,989 | +42.2% |
| 2030 | ~$1,280,019 | ~$1,280,019 | ~2.0465% | ~$26,195 | +55.3% |
| 2026 | ~$933,210 | ~$906,844 | ~1.9977% | ~$18,116 | +13.2% |
| 2027 | ~$1,056,376 | ~$997,529 | ~1.9488% | ~$19,440 | +28.1% |
| 2028 | ~$1,195,799 | ~$1,097,282 | ~1.9000% | ~$20,849 | +45.1% |
| 2029 | ~$1,353,622 | ~$1,207,010 | ~1.8512% | ~$22,344 | +64.2% |
| 2030 | ~$1,532,275 | ~$1,327,711 | ~1.8024% | ~$23,930 | +85.9% |
In 2025, this property's market value of $824,404 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -42% 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 | $824,404 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $789,213 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $531,045 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $563,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $539,200 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below median | 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.