311 BOWIE ST TX 78703
| Owner | BOWIE OFFICE PARTNERS LTD |
|---|---|
| Parcel ID | 0107003104 |
| Short ID | 824757 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 2,843 SF |
| Acres | 0.065 |
| Year Built | — |
| Legal | UNT MASTER UNIT B 3 ELEVEN MASTER CONDOMINIUM PLUS 6.717 % INT IN COM AREA |
| Neighborhood | 50CBD |
| Land | $692,974 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $692,974 |
| Improvement | $16,356,842 |
|---|---|
| Total Improvement | $16,356,842 |
| Market | $17,049,816 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $17,049,816 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $17,049,816 |
| Taxable Value | $17,049,816 |
|---|
Appreciation: Market value has fallen -17.4% from $20,650,000 (2021) to $17,049,816 (2025), a CAGR of -4.7% over 4 years. Growth has been relatively flat for this asset class. 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 $348,922. 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 4% of market value ($692,974 land vs $16,356,842 improvements), about $244/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $17,049,816, 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 -4.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,418,972 by 2030, with an estimated annual tax burden around $252,779. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 40,684 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% | $156,358.80 | $156,358.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $88,558.87 | $88,558.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $63,517.81 | $63,517.81 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $19,945.89 | $19,945.89 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $17,474.60 | $17,474.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $345,855.97 | $345,855.97 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $16,757,326 | $17,049,816 | -1.7% |
| Assessed Value | $16,757,326 | $17,049,816 | -1.7% |
| Land Value | $1,119,419 | $692,974 | +61.5% |
| Improvement Value | $15,637,907 | $16,356,842 | -4.4% |
| Taxable Value | $16,757,326 | $17,049,816 | -1.7% |
| Total Tax 2026 = estimate |
~$342,936
Estimated
|
~$345,856
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $16,757,326 | $16,757,326 | +0 (+0.0%) |
| Taxable Value | $16,757,326 | $16,757,326 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $16,757,326 | $1,119,419 | $15,637,907 | — | $16,757,326 | $16,757,326 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $17,049,816 | $692,974 | $16,356,842 | — | $17,049,816 | $17,049,816 | ~$345,856 | Partial |
| 2024 | $20,317,390 | — | — | −$19,624,416 | $692,974 | $— | $335,359 | Verified |
| 2023 | $20,900,000 | — | — | −$20,096,705 | $803,295 | $— | $367,592 | Verified |
| 2022 | $21,261,400 | — | — | −$20,621,732 | $639,668 | $— | $414,213 | Verified |
| 2021 | $20,650,000 | — | — | −$20,010,332 | $639,668 | $— | $438,730 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2025 | -1.6% | -1.6% | ~100% | Not available | Partial |
| 2024 | -14.7% | -14.7% | ~100% | 1.9400% | Verified |
| 2023 | -9.2% | -9.2% | ~100% | 1.8100% | Verified |
| 2022 | +5.2% | +5.2% | ~100% | 1.8500% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -19.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.7% | -3.9% | -4.3% | +3.0% | 2022 | -16.1% | 2025 |
| Assessment Ratio | 100.0% | 35.6% | — | 100.0% | 2025 | 3.0% | 2022 |
| Effective Tax Rate (2025) | 2.0300% | 2.0300% | — | 2.0300% | 2025 | 2.0300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$345,856 | $380,350 | ~$288,925 | $438,730 | 2021 | $335,359 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,252,479 | ~$16,252,479 | ~2.0139% | ~$327,315 | -4.7% |
| 2027 | ~$15,492,429 | ~$15,492,429 | ~1.9814% | ~$306,965 | -9.1% |
| 2028 | ~$14,767,923 | ~$14,767,923 | ~1.9488% | ~$287,803 | -13.4% |
| 2029 | ~$14,077,299 | ~$14,077,299 | ~1.9163% | ~$269,762 | -17.4% |
| 2030 | ~$13,418,972 | ~$13,418,972 | ~1.8837% | ~$252,779 | -21.3% |
| 2026 | ~$16,197,325 | ~$16,197,325 | ~2.0465% | ~$331,476 | -5.0% |
| 2027 | ~$15,387,459 | ~$15,387,459 | ~2.0465% | ~$314,902 | -9.7% |
| 2028 | ~$14,618,086 | ~$14,618,086 | ~2.0465% | ~$299,157 | -14.3% |
| 2029 | ~$13,887,182 | ~$13,887,182 | ~2.0465% | ~$284,199 | -18.5% |
| 2030 | ~$13,192,823 | ~$13,192,823 | ~2.0465% | ~$269,989 | -22.6% |
| 2026 | ~$16,593,475 | ~$16,593,475 | ~1.9977% | ~$331,482 | -2.7% |
| 2027 | ~$16,149,348 | ~$16,149,348 | ~1.9488% | ~$314,725 | -5.3% |
| 2028 | ~$15,717,108 | ~$15,717,108 | ~1.9000% | ~$298,628 | -7.8% |
| 2029 | ~$15,296,438 | ~$15,296,438 | ~1.8512% | ~$283,167 | -10.3% |
| 2030 | ~$14,887,026 | ~$14,887,026 | ~1.8024% | ~$268,319 | -12.7% |
In 2025, this property's market value of $17,049,816 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 12× 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 | $17,049,816 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $20,317,390 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $20,900,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $21,261,400 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $20,650,000 | $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.