505 POWELL ST TX 78703
| Owner | MIRO JUAN & ROSA RIVERA |
|---|---|
| Parcel ID | 0108030402 |
| Short ID | 106633 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 3,062 SF |
| Land SF | 5,837 SF |
| Acres | 0.134 |
| Year Built | 1904 |
| Legal | .134 ACR OF OLT 1 DIVISION Z |
| Neighborhood | 59CEN |
| Land | $1,459,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,459,250 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,300,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,300,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$161,645 |
| Net Appraised (assessed) | $1,138,355 |
| Taxable Value | $1,138,355 |
|---|
Appreciation: Market value has risen +20.8% from $1,076,488 (2021) to $1,300,000 (2025), a CAGR of 4.8% 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 $23,296. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,138,355) is $161,645 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 112% of market value ($1,459,250 land vs $0 improvements), about $250/SF of land. With value concentrated in the land under a ~122-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 $1,300,000, this parcel sits in the lower-middle (25th–50th 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 +4.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,645,739 by 2030, with an estimated annual tax burden around $31,001. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 3,200 SF | ✗ |
| 095 | HVAC RESIDENTIAL | 3,062 SF | ✗ |
| 1ST | 1st Floor | 1,271 SF | ✓ |
| 2ND | 2nd Floor | 1,263 SF | ✓ |
| 1/2 | Half Floor | 528 SF | ✓ |
| 512C | DECK UNCOVRED COMM | 128 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% | $10,532.06 | $10,532.06 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,965.17 | $5,965.17 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,278.45 | $4,278.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,343.52 | $1,343.52 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,177.06 | $1,177.06 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,296.26 | $23,296.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,429,000 | $1,300,000 | +9.9% |
| Assessed Value | $1,366,026 | $1,138,355 | +20.0% |
| Land Value | $1,459,250 | $1,459,250 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,366,026 | $1,138,355 | +20.0% |
| HS Cap Loss | -$62,974 | — | |
| Total Tax 2026 = estimate |
~$27,956
Estimated
|
~$23,296
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,429,000 | $1,429,000 | +0 (+0.0%) |
| Taxable Value | $1,366,026 | $1,366,026 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,429,000 | $1,459,250 | — | −$62,974 | $1,366,026 | $1,366,026 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,300,000 | $1,459,250 | — | −$161,645 | $1,138,355 | $1,138,355 | ~$23,296 | Partial |
| 2024 | $1,116,000 | — | — | −$167,371 | $948,629 | $— | $18,800 | Verified |
| 2023 | $1,105,900 | — | — | −$463,830 | $642,070 | $— | $20,191 | Verified |
| 2022 | $1,047,530 | — | — | −$405,460 | $642,070 | $— | $21,841 | Verified |
| 2021 | $1,076,488 | — | — | −$492,788 | $583,700 | $— | $22,801 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.9% | +20.0% | 95.6% | Not available | Partial |
| 2025 | +37.0% | +20.0% | 87.6% | Not available | Partial |
| 2024 | -15.0% | -15.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.9% | +0.9% | ~100% | 1.8100% | Verified |
| 2022 | +5.6% | +5.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.9% | +6.0% | +2.9% | +16.5% | 2025 | -2.7% | 2022 |
| Assessment Ratio | 95.6% | 73.6% | — | 95.6% | 2026 | 54.2% | 2021 |
| Effective Tax Rate (2025) | 1.7900% | 1.7900% | — | 1.7900% | 2025 | 1.7900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$23,296 | $21,386 | ~$28,556 | $23,296 | 2025 | $18,800 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,362,784 | ~$1,252,190 | ~2.0139% | ~$25,218 | +4.8% |
| 2027 | ~$1,428,599 | ~$1,377,410 | ~1.9814% | ~$27,292 | +9.9% |
| 2028 | ~$1,497,594 | ~$1,497,594 | ~1.9488% | ~$29,186 | +15.2% |
| 2029 | ~$1,569,920 | ~$1,569,920 | ~1.9163% | ~$30,084 | +20.8% |
| 2030 | ~$1,645,739 | ~$1,645,739 | ~1.8837% | ~$31,001 | +26.6% |
| 2026 | ~$1,336,784 | ~$1,252,190 | ~2.0465% | ~$25,626 | +2.8% |
| 2027 | ~$1,374,608 | ~$1,374,608 | ~2.0465% | ~$28,131 | +5.7% |
| 2028 | ~$1,413,503 | ~$1,413,503 | ~2.0465% | ~$28,927 | +8.7% |
| 2029 | ~$1,453,498 | ~$1,453,498 | ~2.0465% | ~$29,746 | +11.8% |
| 2030 | ~$1,494,625 | ~$1,494,625 | ~2.0465% | ~$30,587 | +15.0% |
| 2026 | ~$1,388,784 | ~$1,252,190 | ~1.9977% | ~$25,015 | +6.8% |
| 2027 | ~$1,483,631 | ~$1,377,410 | ~1.9488% | ~$26,844 | +14.1% |
| 2028 | ~$1,584,955 | ~$1,515,151 | ~1.9000% | ~$28,788 | +21.9% |
| 2029 | ~$1,693,200 | ~$1,666,666 | ~1.8512% | ~$30,853 | +30.2% |
| 2030 | ~$1,808,837 | ~$1,808,837 | ~1.8024% | ~$32,602 | +39.1% |
In 2025, this property's market value of $1,300,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -8% below 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 | $1,300,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,116,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,105,900 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,047,530 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,076,488 | $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.