407 BAYLOR ST TX 78703
| Owner | JOSEPH RAYMOND J & GWYNN B |
|---|---|
| Parcel ID | 0108010704 |
| Short ID | 106557 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 5,196 SF |
| Land SF | 7,635 SF |
| Acres | 0.175 |
| Year Built | 1979 |
| Legal | W152.7 FT OF LOT 5 BLK 3 OLT 11 DIV Z HORNADAY RESUB |
| Neighborhood | 61CEN |
| Land | $1,908,750 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,908,750 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,875,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,875,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$543,458 |
| Net Appraised (assessed) | $1,331,542 |
| Taxable Value | $1,331,542 |
|---|
Appreciation: Market value has risen +130.3% from $814,328 (2021) to $1,875,000 (2025), a CAGR of 23.2% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $27,250. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,331,542) is $543,458 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 102% of market value ($1,908,750 land vs $0 improvements), about $250/SF of land. With value concentrated in the land under a ~47-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 $1,875,000, 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 +23.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,318,065 by 2030, with an estimated annual tax burden around $40,396. 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 | 5,196 SF | ✓ |
| 551 | PAVED AREA | 2,500 SF | ✗ |
| 328 | MEZZ COMM (STG) | 1,076 SF | ✓ |
| 881 | COMMCL FINISHOUT | 246 SF | ✓ |
| 407 | LOADING DOCK | 128 SF | ✓ |
| 541 | FENCE COMM LF | 110 SF | ✗ |
Market value changed by 120% in 2024, 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% | $12,319.43 | $12,319.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,977.51 | $6,977.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,004.53 | $5,004.53 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,571.53 | $1,571.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,376.81 | $1,376.81 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,249.81 | $27,249.81 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,124,696 | $1,875,000 | +13.3% |
| Assessed Value | $2,124,696 | $1,331,542 | +59.6% |
| Land Value | $1,908,750 | $1,908,750 | +0.0% |
| Improvement Value | $215,946 | — | — |
| Taxable Value | $2,124,696 | $1,331,542 | +59.6% |
| Total Tax 2026 = estimate |
~$43,482
Estimated
|
~$27,250
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,218,647 | $2,124,696 | -93,951 (-4.2%) |
| Taxable Value | $2,218,647 | $2,124,696 | -93,951 (-4.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,124,696 | $1,908,750 | $215,946 | — | $2,124,696 | $2,124,696 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,875,000 | $1,908,750 | — | −$543,458 | $1,331,542 | $1,331,542 | ~$27,250 | Partial |
| 2024 | $924,682 | — | — | — | $1,650,000 ! | $— | $21,991 | Verified |
| 2023 | $896,750 | — | — | −$56,900 | $839,850 | $— | $16,730 | Verified |
| 2022 | $820,400 | — | — | — | $839,850 ! | $— | $17,710 | Verified |
| 2021 | $814,328 | — | — | −$50,828 | $763,500 | $— | $17,857 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.3% | +66.6% | ~100% | Not available | Partial |
| 2025 | -7.7% | +20.0% | 71.0% | Not available | Partial |
| 2024 | +119.7% ! | +20.0% | 54.6% | 1.0800% | Verified |
| 2023 | -2.6% | -2.6% | ~100% | 1.8100% | Verified |
| 2022 | +15.8% | +15.8% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +128.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.3% | +25.8% | +20.3% | +102.8% | 2025 | +0.7% | 2022 |
| Assessment Ratio | 100.0% | 106.5% | — | 178.4% | 2024 | 71.0% | 2025 |
| Effective Tax Rate (2025) | 1.4500% | 1.4500% | — | 1.4500% | 2025 | 1.4500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$27,250 | $20,308 | ~$34,743 | $27,250 | 2025 | $16,730 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,309,680 | ~$1,464,696 | ~2.0139% | ~$29,498 | +23.2% |
| 2027 | ~$2,845,131 | ~$1,611,166 | ~1.9814% | ~$31,923 | +51.7% |
| 2028 | ~$3,504,715 | ~$1,772,282 | ~1.9488% | ~$34,539 | +86.9% |
| 2029 | ~$4,317,210 | ~$1,949,511 | ~1.9163% | ~$37,358 | +130.3% |
| 2030 | ~$5,318,065 | ~$2,144,462 | ~1.8837% | ~$40,396 | +183.6% |
| 2026 | ~$2,272,180 | ~$1,464,696 | ~2.0465% | ~$29,975 | +21.2% |
| 2027 | ~$2,753,494 | ~$1,611,166 | ~2.0465% | ~$32,972 | +46.9% |
| 2028 | ~$3,336,764 | ~$1,772,282 | ~2.0465% | ~$36,269 | +78.0% |
| 2029 | ~$4,043,588 | ~$1,949,511 | ~2.0465% | ~$39,896 | +115.7% |
| 2030 | ~$4,900,137 | ~$2,144,462 | ~2.0465% | ~$43,886 | +161.3% |
| 2026 | ~$2,347,180 | ~$1,464,696 | ~1.9977% | ~$29,260 | +25.2% |
| 2027 | ~$2,938,268 | ~$1,611,166 | ~1.9488% | ~$31,399 | +56.7% |
| 2028 | ~$3,678,209 | ~$1,772,282 | ~1.9000% | ~$33,674 | +96.2% |
| 2029 | ~$4,604,490 | ~$1,949,511 | ~1.8512% | ~$36,089 | +145.6% |
| 2030 | ~$5,764,034 | ~$2,144,462 | ~1.8024% | ~$38,651 | +207.4% |
In 2025, this property's market value of $1,875,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +32% 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 | $1,875,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $924,682 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $896,750 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $820,400 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $814,328 | $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.