400 JOSEPHINE ST TX 78704
| Owner | CARP 2020 HOLDINGS LLC |
|---|---|
| Parcel ID | 0105020601 |
| Short ID | 104380 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 47,228 SF |
| Land SF | 50,000 SF |
| Acres | 1.148 |
| Year Built | 2019 |
| Legal | LOT 6-13 BLK 2 PECAN GROVE |
| Neighborhood | 34SC1 |
| Land | $9,500,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,500,000 |
| Improvement | $11,900,000 |
|---|---|
| Total Improvement | $11,900,000 |
| Market | $21,400,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $21,400,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $21,400,000 |
| Taxable Value | $21,400,000 |
|---|
Appreciation: Market value has risen +22.1% from $17,532,000 (2021) to $21,400,000 (2025), a CAGR of 5.1% over 4 years. This represents moderate, steady growth. 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 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 $437,948. 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 44% of market value ($9,500,000 land vs $11,900,000 improvements), about $190/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $21,400,000, 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 +5.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $27,456,278 by 2030, with an estimated annual tax burden around $517,206. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 17,750 SF | ✓ |
| 3RD | 3rd Floor | 17,750 SF | ✓ |
| 4TH | 4th Floor | 17,750 SF | ✓ |
| 187 | PARKING GARAGE | 12,538 SF | ✓ |
| 1ST | 1st Floor | 11,728 SF | ✓ |
| 551 | PAVED AREA | 8,845 SF | ✗ |
| 611 | TERRACE | 3,084 SF | ✗ |
| 501 | CANOPY | 2,753 SF | ✗ |
| 511 | DECK | 1,520 SF | ✗ |
| 601 | POOL COMM'L | 608 SF | ✗ |
| 335 | PENTHOUSE | 240 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +9,933 |
| Travis County | 0.3444% | 0.3758% | +6,720 |
| Austin ISD | 0.9505% | 0.9252% | -5,414 |
| Travis Central Health | 0.1080% | 0.1180% | +2,152 |
| Austin Community College | 0.1013% | 0.1034% | +449 |
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% | $197,992.80 | $154,511.32 | $43,481.48 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $112,139.64 | $87,512.50 | $24,627.14 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $80,430.83 | $62,767.30 | $17,663.53 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $25,256.92 | $19,710.21 | $5,546.71 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $22,127.60 | $17,268.13 | $4,859.47 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $437,947.79 | $341,769.46 | $96,178.33 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $21,690,420 | $21,400,000 | +1.4% |
| Assessed Value | $21,690,420 | $21,400,000 | +1.4% |
| Land Value | $9,500,000 | $9,500,000 | +0.0% |
| Improvement Value | $12,190,420 | $11,900,000 | +2.4% |
| Taxable Value | $21,690,420 | $21,400,000 | +1.4% |
| Total Tax 2026 = estimate |
~$443,891
Estimated
|
$437,948 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $21,690,420 | $21,690,420 | +0 (+0.0%) |
| Taxable Value | $21,690,420 | $21,690,420 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $21,690,420 | $9,500,000 | $12,190,420 | — | $21,690,420 | $21,690,420 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $21,400,000 | $9,500,000 | $11,900,000 | — | $21,400,000 | $21,400,000 | $437,948 | Verified |
| 2024 | $17,000,000 | — | — | −$7,500,000 | $9,500,000 | $— | $392,399 | Verified |
| 2023 | $13,845,362 | — | — | −$4,345,362 | $9,500,000 | $— | $307,572 | Verified |
| 2022 | $— | — | — | — | $4,750,000 | $— | $274,082 | Verified |
| 2021 | $17,532,000 | — | — | −$12,782,000 | $4,750,000 | $— | $263,931 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2025 | +8.1% | +8.1% | ~100% | 2.0500% | Verified |
| 2024 | +16.5% | +16.5% | ~100% | 1.9800% | Verified |
| 2023 | +17.2% | +17.2% | ~100% | 1.8100% | Verified |
| 2022 | -0.7% | -0.7% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 1.5100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +46.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.4% | +7.3% | +4.8% | +25.9% | 2025 | -21.0% | 2023 |
| Assessment Ratio | 100.0% | 70.3% | — | 100.0% | 2025 | 27.1% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $437,948 | $350,462 | ~$484,710 | $437,948 | 2025 | $263,931 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$22,493,620 | ~$22,493,620 | ~2.0139% | ~$453,007 | +5.1% |
| 2027 | ~$23,643,128 | ~$23,643,128 | ~1.9814% | ~$468,462 | +10.5% |
| 2028 | ~$24,851,380 | ~$24,851,380 | ~1.9488% | ~$484,314 | +16.1% |
| 2029 | ~$26,121,378 | ~$26,121,378 | ~1.9163% | ~$500,562 | +22.1% |
| 2030 | ~$27,456,278 | ~$27,456,278 | ~1.8837% | ~$517,206 | +28.3% |
| 2026 | ~$22,065,620 | ~$22,065,620 | ~2.0465% | ~$451,570 | +3.1% |
| 2027 | ~$22,751,943 | ~$22,751,943 | ~2.0465% | ~$465,615 | +6.3% |
| 2028 | ~$23,459,613 | ~$23,459,613 | ~2.0465% | ~$480,097 | +9.6% |
| 2029 | ~$24,189,295 | ~$24,189,295 | ~2.0465% | ~$495,030 | +13.0% |
| 2030 | ~$24,941,672 | ~$24,941,672 | ~2.0465% | ~$510,428 | +16.5% |
| 2026 | ~$22,921,620 | ~$22,921,620 | ~1.9977% | ~$457,897 | +7.1% |
| 2027 | ~$24,551,433 | ~$24,551,433 | ~1.9488% | ~$478,468 | +14.7% |
| 2028 | ~$26,297,131 | ~$26,297,131 | ~1.9000% | ~$499,650 | +22.9% |
| 2029 | ~$28,166,955 | ~$28,166,955 | ~1.8512% | ~$521,425 | +31.6% |
| 2030 | ~$30,169,731 | ~$30,169,731 | ~1.8024% | ~$543,771 | +41.0% |
In 2025, this property's market value of $21,400,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 15× 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 | $21,400,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $17,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $13,845,362 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $17,532,000 | $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.