506 BAYLOR ST AUSTIN, TX 78703
| Owner | WILLIAMS JONATHAN |
|---|---|
| Parcel ID | 0108010312 |
| Short ID | 106491 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,674 SF |
| Land SF | 14,100 SF |
| Acres | 0.324 |
| Year Built | 1887 |
| Legal | N 94 FT OF E 150 FT OF LOT 3 BLK 10 OLT 11 DIV Z RAYMONDS PLATEAU |
| Neighborhood | 59CEN |
| Land | $3,525,093 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,525,093 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,500,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$20,436 |
| Net Appraised (assessed) | $2,479,564 |
| Exemptions (−) (HT) | −$625,000 |
|---|---|
| Taxable Value | $1,854,564 |
Appreciation: Market value has risen +32.3% from $1,890,000 (2021) to $2,500,000 (2025), a CAGR of 7.2% over 4 years. This represents moderate, steady growth. 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 $37,953. Austin ISD is the largest single contributor, at 48.3% of the total 2025 levy.
Assessment Gap: Assessed value ($2,479,564) is $20,436 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 141% of market value ($3,525,093 land vs $0 improvements), about $250/SF of land. With value concentrated in the land under a ~139-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 $2,500,000, 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 +7.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,546,400 by 2030, with an estimated annual tax burden around $66,805. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,674 SF | ✗ |
| 1ST | 1st Floor | 1,706 SF | ✓ |
| 2ND | 2nd Floor | 968 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 600 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 499 SF | ✗ |
| UBSMT | Unfinished Basement | 192 SF | ✓ |
| 522C | FIREPLACE COMM | 1 SF | ✓ |
Market value changed by 86% in 2026, 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% | $20,049.68 | $20,049.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,718.23 | $9,718.23 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,970.29 | $6,970.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,563.87 | $2,563.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,188.81 | $2,188.81 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,490.88 | $41,490.88 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,612,839 | $2,500,000 | +44.5% |
| Assessed Value | $2,975,477 | $2,479,564 | +20.0% |
| Land Value | $3,525,093 | $3,525,093 | +0.0% |
| Improvement Value | $87,746 | — | — |
| Taxable Value | $2,053,113 | $1,854,564 | +10.7% |
| Exemptions | HT | HT | |
| HS Cap Loss | -$637,362 | — | |
| Total Tax 2026 = estimate |
~$42,017
Estimated
|
~$41,491
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,638,002 | $3,612,839 | -1,025,163 (-22.1%) |
| Taxable Value | $2,053,113 | $2,053,113 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,612,839 | $3,525,093 | $87,746 | −$637,362 | $2,975,477 | $2,053,113 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,500,000 | $3,525,093 | — | −$20,436 | $2,479,564 | $1,854,564 | ~$41,491 | Partial |
| 2024 | $2,066,303 | — | — | — | $2,066,303 | $— | $33,691 | Verified |
| 2023 | $1,952,000 | — | — | −$400,959 | $1,551,041 | $— | $29,118 | Verified |
| 2022 | $1,811,500 | — | — | −$260,459 | $1,551,041 | $— | $32,152 | Verified |
| 2021 | $1,890,000 | — | — | −$479,963 | $1,410,037 | $— | $11,529 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +85.5% ! | +20.0% | 64.2% | Not available | Partial |
| 2025 | +21.0% | +20.0% | 99.2% | Not available | Partial |
| 2024 | -6.0% | -6.0% | ~100% | 1.6300% | Verified |
| 2023 | +12.6% | +12.6% | ~100% | 1.3200% | Verified |
| 2022 | -6.9% | -6.9% | ~100% | 1.6500% | Verified |
| 2021 | base year | — | ~100% | 0.6100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +19.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +44.5% | +15.0% | +0.6% | +44.5% | 2026 | -4.2% | 2022 |
| Assessment Ratio | 82.4% | 86.9% | — | 100.0% | 2024 | 74.6% | 2021 |
| Effective Tax Rate (2025) | 1.6600% | 1.6600% | — | 1.6600% | 2025 | 1.6600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$41,491 | $29,596 | ~$60,246 | $41,491 | 2025 | $11,529 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,681,079 | ~$2,681,079 | ~2.0139% | ~$53,995 | +7.2% |
| 2027 | ~$2,875,273 | ~$2,875,273 | ~1.9814% | ~$56,970 | +15.0% |
| 2028 | ~$3,083,533 | ~$3,083,533 | ~1.9488% | ~$60,093 | +23.3% |
| 2029 | ~$3,306,878 | ~$3,306,878 | ~1.9163% | ~$63,369 | +32.3% |
| 2030 | ~$3,546,400 | ~$3,546,400 | ~1.8837% | ~$66,805 | +41.9% |
| 2026 | ~$2,631,079 | ~$2,631,079 | ~2.0465% | ~$53,845 | +5.2% |
| 2027 | ~$2,769,030 | ~$2,769,030 | ~2.0465% | ~$56,668 | +10.8% |
| 2028 | ~$2,914,214 | ~$2,914,214 | ~2.0465% | ~$59,639 | +16.6% |
| 2029 | ~$3,067,011 | ~$3,067,011 | ~2.0465% | ~$62,766 | +22.7% |
| 2030 | ~$3,227,819 | ~$3,227,819 | ~2.0465% | ~$66,057 | +29.1% |
| 2026 | ~$2,731,079 | ~$2,727,520 | ~1.9977% | ~$54,487 | +9.2% |
| 2027 | ~$2,983,516 | ~$2,983,516 | ~1.9488% | ~$58,144 | +19.3% |
| 2028 | ~$3,259,287 | ~$3,259,287 | ~1.9000% | ~$61,927 | +30.4% |
| 2029 | ~$3,560,548 | ~$3,560,548 | ~1.8512% | ~$65,913 | +42.4% |
| 2030 | ~$3,889,655 | ~$3,889,655 | ~1.8024% | ~$70,106 | +55.6% |
In 2025, this property's market value of $2,500,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +76% 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 | $2,500,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,066,303 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,952,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,811,500 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,890,000 | $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.