508 BAYLOR ST TX 78703
| Owner | WITTLIFF 508 LP |
|---|---|
| Parcel ID | 0108010311 |
| Short ID | 106490 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,428 SF |
| Land SF | 6,210 SF |
| Acres | 0.143 |
| Year Built | 1900 |
| Legal | S 54 FT OF E 115 FT OF LOT 2 BLK 10 OLT 11 DIV Z RAYMONDS PLATEAU |
| Neighborhood | 59CEN |
| Land | $1,552,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,552,500 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,463,380 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,463,380 |
| Value Limitation Adjustment (−) (homestead cap) | −$341,260 |
| Net Appraised (assessed) | $1,122,120 |
| Taxable Value | $1,122,120 |
|---|
Appreciation: Market value has risen +67.2% from $874,983 (2021) to $1,463,380 (2025), a CAGR of 13.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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 $22,964. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,122,120) is $341,260 below market value, suggesting potential for an upward assessment in future years.
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 106% of market value ($1,552,500 land vs $0 improvements), about $250/SF of land. With value concentrated in the land under a ~126-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 $1,463,380, 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 +13.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,783,261 by 2030, with an estimated annual tax burden around $34,043. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 1,600 SF | ✗ |
| 1ST | 1st Floor | 1,428 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,428 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 224 SF | ✗ |
| 501 | CANOPY | 70 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522C | FIREPLACE COMM | 1 SF | ✓ |
Market value changed by 947% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $10,381.85 | $10,381.85 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,880.10 | $5,880.10 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,217.43 | $4,217.43 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,324.36 | $1,324.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,160.27 | $1,160.27 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,964.01 | $22,964.01 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,023,560 | $1,463,380 | +38.3% |
| Assessed Value | $1,346,544 | $1,122,120 | +20.0% |
| Land Value | $1,552,500 | $1,552,500 | +0.0% |
| Improvement Value | $471,060 | — | — |
| Taxable Value | $1,346,544 | $1,122,120 | +20.0% |
| HS Cap Loss | -$677,016 | — | |
| Total Tax 2026 = estimate |
~$27,557
Estimated
|
~$22,964
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,023,560 | $2,023,560 | +0 (+0.0%) |
| Taxable Value | $1,346,544 | $1,346,544 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,023,560 | $1,552,500 | $471,060 | −$677,016 | $1,346,544 | $1,346,544 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,463,380 | $1,552,500 | — | −$341,260 | $1,122,120 | $1,122,120 | ~$22,964 | Partial |
| 2024 | $935,000 | — | — | — | $935,100 ! | $— | $18,532 | Verified |
| 2023 | $893,376 | — | — | −$210,276 | $683,100 | $— | $16,916 | Verified |
| 2022 | $888,558 | — | — | −$205,458 | $683,100 | $— | $17,643 | Verified |
| 2021 | $874,983 | — | — | −$253,983 | $621,000 | $— | $19,341 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +38.3% | +20.0% | 66.5% | Not available | Partial |
| 2025 | -14.9% | +0.0% | 76.7% | Not available | Partial |
| 2024 | -81.6% ! | -88.0% | 65.3% | 1.0800% | Verified |
| 2023 | +946.6% ! | +946.6% | ~100% | 0.1800% | Verified |
| 2022 | +0.5% | +0.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +64.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +38.3% | +20.3% | +7.4% | +56.5% | 2025 | +0.5% | 2023 |
| Assessment Ratio | 66.5% | 77.9% | — | 100.0% | 2024 | 66.5% | 2026 |
| Effective Tax Rate (2025) | 1.5700% | 1.5700% | — | 1.5700% | 2025 | 1.5700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$22,964 | $19,079 | ~$29,279 | $22,964 | 2025 | $16,916 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,664,165 | ~$1,234,332 | ~2.0139% | ~$24,859 | +13.7% |
| 2027 | ~$1,892,500 | ~$1,357,765 | ~1.9814% | ~$26,903 | +29.3% |
| 2028 | ~$2,152,163 | ~$1,493,542 | ~1.9488% | ~$29,107 | +47.1% |
| 2029 | ~$2,447,454 | ~$1,642,896 | ~1.9163% | ~$31,483 | +67.2% |
| 2030 | ~$2,783,261 | ~$1,807,185 | ~1.8837% | ~$34,043 | +90.2% |
| 2026 | ~$1,634,898 | ~$1,234,332 | ~2.0465% | ~$25,260 | +11.7% |
| 2027 | ~$1,826,519 | ~$1,357,765 | ~2.0465% | ~$27,786 | +24.8% |
| 2028 | ~$2,040,599 | ~$1,493,542 | ~2.0465% | ~$30,565 | +39.4% |
| 2029 | ~$2,279,770 | ~$1,642,896 | ~2.0465% | ~$33,622 | +55.8% |
| 2030 | ~$2,546,974 | ~$1,807,185 | ~2.0465% | ~$36,984 | +74.0% |
| 2026 | ~$1,693,433 | ~$1,234,332 | ~1.9977% | ~$24,658 | +15.7% |
| 2027 | ~$1,959,652 | ~$1,357,765 | ~1.9488% | ~$26,461 | +33.9% |
| 2028 | ~$2,267,722 | ~$1,493,542 | ~1.9000% | ~$28,378 | +55.0% |
| 2029 | ~$2,624,223 | ~$1,642,896 | ~1.8512% | ~$30,413 | +79.3% |
| 2030 | ~$3,036,768 | ~$1,807,185 | ~1.8024% | ~$32,572 | +107.5% |
In 2025, this property's market value of $1,463,380 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +3% 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 | $1,463,380 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $935,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $893,376 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $888,558 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $874,983 | $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.