720 S LAMAR BLVD TX 78704
| Owner | BARR PAUL T & ILENE TRUST |
|---|---|
| Parcel ID | 0103030611 |
| Short ID | 103329 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,400 SF |
| Land SF | 6,188 SF |
| Acres | 0.142 |
| Year Built | 1999 |
| Legal | LOT 67 OKIE HEIGHTS |
| Neighborhood | 53SCN |
| Land | $1,175,720 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,175,720 |
| Improvement | $301,610 |
|---|---|
| Total Improvement | $301,610 |
| Market | $1,477,330 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,477,330 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,477,330 |
| Taxable Value | $1,477,330 |
|---|
Appreciation: Market value has risen +55.5% from $950,000 (2021) to $1,477,330 (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 (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 $30,233. 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 80% of market value ($1,175,720 land vs $301,610 improvements), about $190/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 $1,477,330, this parcel sits in the upper-middle (50th–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 +11.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,565,488 by 2030, with an estimated annual tax burden around $44,819. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 2,489 SF | ✗ |
| 491 | SPRINKLER HEADS | 2,400 SF | ✗ |
| 1ST | 1st Floor | 1,402 SF | ✓ |
| 2ND | 2nd Floor | 998 SF | ✓ |
| 511 | DECK | 236 SF | ✗ |
| 501 | CANOPY | 82 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% | $13,668.26 | $13,668.26 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,741.46 | $7,741.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,552.47 | $5,552.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,743.59 | $1,743.59 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,527.56 | $1,527.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,233.34 | $30,233.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,503,183 | $1,477,330 | +1.7% |
| Assessed Value | $1,503,183 | $1,477,330 | +1.7% |
| Land Value | $1,175,720 | $1,175,720 | +0.0% |
| Improvement Value | $327,463 | $301,610 | +8.6% |
| Taxable Value | $1,503,183 | $1,477,330 | +1.7% |
| Total Tax 2026 = estimate |
~$30,762
Estimated
|
~$30,233
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,634,133 | $1,503,183 | -130,950 (-8.0%) |
| Taxable Value | $1,634,133 | $1,503,183 | -130,950 (-8.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,503,183 | $1,175,720 | $327,463 | — | $1,503,183 | $1,503,183 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,477,330 | $1,175,720 | $301,610 | — | $1,477,330 | $1,477,330 | ~$30,233 | Partial |
| 2024 | $1,488,914 | — | — | −$313,194 | $1,175,720 | $— | $29,526 | Verified |
| 2023 | $941,493 | — | — | — | $1,175,720 ! | $— | $26,938 | Verified |
| 2022 | $960,000 | — | — | −$217,440 | $742,560 | $— | $18,594 | Verified |
| 2021 | $950,000 | — | — | −$207,440 | $742,560 | $— | $20,896 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.6% | +10.6% | ~100% | Not available | Partial |
| 2025 | -14.2% | -14.2% | ~100% | Not available | Partial |
| 2024 | +15.6% | +15.6% | ~100% | 1.7100% | Verified |
| 2023 | +48.7% | +48.7% | ~100% | 1.8100% | Verified |
| 2022 | +4.3% | +4.3% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +53.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.7% | +11.6% | +11.3% | +58.1% | 2024 | -1.9% | 2023 |
| Assessment Ratio | 100.0% | 93.2% | — | 124.9% | 2023 | 77.3% | 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 |
$30,233 | $25,237 | ~$38,547 | $30,233 | 2025 | $18,594 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,649,742 | ~$1,625,063 | ~2.0139% | ~$32,728 | +11.7% |
| 2027 | ~$1,842,275 | ~$1,787,569 | ~1.9814% | ~$35,419 | +24.7% |
| 2028 | ~$2,057,278 | ~$1,966,326 | ~1.9488% | ~$38,321 | +39.3% |
| 2029 | ~$2,297,373 | ~$2,162,959 | ~1.9163% | ~$41,449 | +55.5% |
| 2030 | ~$2,565,488 | ~$2,379,255 | ~1.8837% | ~$44,819 | +73.7% |
| 2026 | ~$1,620,195 | ~$1,620,195 | ~2.0465% | ~$33,157 | +9.7% |
| 2027 | ~$1,776,876 | ~$1,776,876 | ~2.0465% | ~$36,364 | +20.3% |
| 2028 | ~$1,948,709 | ~$1,948,709 | ~2.0465% | ~$39,880 | +31.9% |
| 2029 | ~$2,137,159 | ~$2,137,159 | ~2.0465% | ~$43,737 | +44.7% |
| 2030 | ~$2,343,833 | ~$2,343,833 | ~2.0465% | ~$47,966 | +58.7% |
| 2026 | ~$1,679,288 | ~$1,625,063 | ~1.9977% | ~$32,463 | +13.7% |
| 2027 | ~$1,908,856 | ~$1,787,569 | ~1.9488% | ~$34,837 | +29.2% |
| 2028 | ~$2,169,806 | ~$1,966,326 | ~1.9000% | ~$37,361 | +46.9% |
| 2029 | ~$2,466,429 | ~$2,162,959 | ~1.8512% | ~$40,041 | +67.0% |
| 2030 | ~$2,803,603 | ~$2,379,255 | ~1.8024% | ~$42,883 | +89.8% |
In 2025, this property's market value of $1,477,330 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +4% above 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 | $1,477,330 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,488,914 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $941,493 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $960,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $950,000 | $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.