1623 TOOMEY RD AUSTIN, TX 78704
| Owner | YOUNG ZAPP GRACELAND LTD |
|---|---|
| Parcel ID | 0105020405 |
| Short ID | 104360 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,816 SF |
| Land SF | 30,000 SF |
| Acres | 0.689 |
| Year Built | 1955 |
| Legal | 100X300 FT ABS 8 SUR 20 DECKER I |
| Neighborhood | 53SCN |
| Land | $3,570,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,570,000 |
| Improvement | $204,772 |
|---|---|
| Total Improvement | $204,772 |
| Market | $3,774,772 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,774,772 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,774,772 |
| Taxable Value | $3,774,772 |
|---|
Appreciation: Market value has risen +86.4% from $2,025,000 (2021) to $3,774,772 (2025), a CAGR of 16.8% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $77,250. 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 95% of market value ($3,570,000 land vs $204,772 improvements), about $119/SF of land. With value concentrated in the land under a ~71-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $3,774,772, 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 +16.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,221,912 by 2030, with an estimated annual tax burden around $114,519. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 8,816 SF | ✓ |
| 551 | PAVED AREA | 2,000 SF | ✗ |
| 034 | GARAGE DET CLASS | 925 SF | ✓ |
| 501 | CANOPY | 348 SF | ✗ |
| 541 | FENCE COMM LF | 300 SF | ✗ |
| 289 | SHED FV | 1 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% | $34,924.19 | $34,924.19 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,780.45 | $19,780.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $14,187.29 | $14,187.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,455.10 | $4,455.10 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,903.11 | $3,903.11 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $77,250.14 | $77,250.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,774,772 | $3,774,772 | +0.0% |
| Assessed Value | $3,774,772 | $3,774,772 | +0.0% |
| Land Value | $3,570,000 | $3,570,000 | +0.0% |
| Improvement Value | $204,772 | $204,772 | +0.0% |
| Taxable Value | $3,774,772 | $3,774,772 | +0.0% |
| Total Tax 2026 = estimate |
~$77,250
Estimated
|
~$77,250
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,879,058 | $3,774,772 | -104,286 (-2.7%) |
| Taxable Value | $3,879,058 | $3,774,772 | -104,286 (-2.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,774,772 | $3,570,000 | $204,772 | — | $3,774,772 | $3,774,772 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,774,772 | $3,570,000 | $204,772 | — | $3,774,772 | $3,774,772 | ~$77,250 | Partial |
| 2024 | $3,300,000 | — | — | — | $3,570,000 ! | $— | $73,732 | Verified |
| 2023 | $2,326,520 | — | — | — | $3,300,000 ! | $— | $59,705 | Verified |
| 2022 | $2,092,000 | — | — | — | $2,326,520 ! | $— | $45,947 | Verified |
| 2021 | $2,025,000 | — | — | — | $2,090,000 ! | $— | $45,536 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.8% | +2.8% | ~100% | Not available | Partial |
| 2025 | +1.5% | +1.5% | ~100% | Not available | Partial |
| 2024 | +12.7% | +12.7% | ~100% | 1.9800% | Verified |
| 2023 | +41.8% | +41.8% | ~100% | 1.8100% | Verified |
| 2022 | +11.2% | +11.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +80.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +14.1% | +16.8% | +41.8% | 2024 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 110.7% | — | 141.8% | 2023 | 100.0% | 2025 |
| 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 |
$77,250 | $60,434 | ~$98,493 | $77,250 | 2025 | $45,536 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,410,696 | ~$4,152,249 | ~2.0139% | ~$83,624 | +16.8% |
| 2027 | ~$5,153,753 | ~$4,567,474 | ~1.9814% | ~$90,499 | +36.5% |
| 2028 | ~$6,021,990 | ~$5,024,222 | ~1.9488% | ~$97,914 | +59.5% |
| 2029 | ~$7,036,496 | ~$5,526,644 | ~1.9163% | ~$105,907 | +86.4% |
| 2030 | ~$8,221,912 | ~$6,079,308 | ~1.8837% | ~$114,519 | +117.8% |
| 2026 | ~$4,335,201 | ~$4,152,249 | ~2.0465% | ~$84,975 | +14.8% |
| 2027 | ~$4,978,835 | ~$4,567,474 | ~2.0465% | ~$93,473 | +31.9% |
| 2028 | ~$5,718,027 | ~$5,024,222 | ~2.0465% | ~$102,820 | +51.5% |
| 2029 | ~$6,566,965 | ~$5,526,644 | ~2.0465% | ~$113,102 | +74.0% |
| 2030 | ~$7,541,942 | ~$6,079,308 | ~2.0465% | ~$124,412 | +99.8% |
| 2026 | ~$4,486,192 | ~$4,152,249 | ~1.9977% | ~$82,948 | +18.8% |
| 2027 | ~$5,331,690 | ~$4,567,474 | ~1.9488% | ~$89,013 | +41.2% |
| 2028 | ~$6,336,538 | ~$5,024,222 | ~1.9000% | ~$95,461 | +67.9% |
| 2029 | ~$7,530,766 | ~$5,526,644 | ~1.8512% | ~$102,309 | +99.5% |
| 2030 | ~$8,950,066 | ~$6,079,308 | ~1.8024% | ~$109,572 | +137.1% |
In 2025, this property's market value of $3,774,772 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +166% 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 | $3,774,772 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,326,520 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,092,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,025,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.