508 OAKLAND AVE TX 78703
| Owner | 508 OAKLAND LLC |
|---|---|
| Parcel ID | 0108030411 |
| Short ID | 106643 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,944 SF |
| Land SF | 6,808 SF |
| Acres | 0.156 |
| Year Built | 1921 |
| Legal | LOT 7 OLT 1 DIV Z WOODLAND |
| Neighborhood | 59CEN |
| Land | $1,702,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,702,000 |
| Improvement | $39,202 |
|---|---|
| Total Improvement | $39,202 |
| Market | $1,741,202 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,741,202 |
| Value Limitation Adjustment (−) (homestead cap) | −$535,975 |
| Net Appraised (assessed) | $1,205,227 |
| Taxable Value | $1,205,227 |
|---|
Appreciation: Market value has risen +89.4% from $919,159 (2021) to $1,741,202 (2025), a CAGR of 17.3% 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 $24,665. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,205,227) is $535,975 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 98% of market value ($1,702,000 land vs $39,202 improvements), about $250/SF of land. With value concentrated in the land under a ~105-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 $1,741,202, 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 +17.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,869,655 by 2030, with an estimated annual tax burden around $36,564. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 1,944 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,944 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 279 SF | ✗ |
| 611 | TERRACE | 80 SF | ✗ |
| 039 | GARAGE DET FV | 1 SF | ✓ |
| 251 | BATHROOM | 1 SF | ✓ |
| 522C | FIREPLACE COMM | 1 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% | $11,150.76 | $11,150.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,315.59 | $6,315.59 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,529.79 | $4,529.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,422.45 | $1,422.45 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,246.20 | $1,246.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,664.79 | $24,664.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,832,844 | $1,741,202 | +5.3% |
| Assessed Value | $1,446,272 | $1,205,227 | +20.0% |
| Land Value | $1,702,000 | $1,702,000 | +0.0% |
| Improvement Value | $130,844 | $39,202 | +233.8% |
| Taxable Value | $1,446,272 | $1,205,227 | +20.0% |
| HS Cap Loss | -$386,572 | — | |
| Total Tax 2026 = estimate |
~$29,598
Estimated
|
~$24,665
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,129,860 | $1,832,844 | -297,016 (-13.9%) |
| Taxable Value | $1,446,272 | $1,446,272 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,832,844 | $1,702,000 | $130,844 | −$386,572 | $1,446,272 | $1,446,272 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,741,202 | $1,702,000 | $39,202 | −$535,975 | $1,205,227 | $1,205,227 | ~$24,665 | Partial |
| 2024 | $1,004,356 | — | — | — | $1,004,356 | $— | $19,904 | Verified |
| 2023 | $967,700 | — | — | −$218,820 | $748,880 | $— | $18,171 | Verified |
| 2022 | $885,118 | — | — | −$136,238 | $748,880 | $— | $19,111 | Verified |
| 2021 | $919,159 | — | — | −$238,359 | $680,800 | $— | $19,266 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.3% | +20.0% | 67.9% | Not available | Partial |
| 2025 | +73.4% | +20.0% | 69.2% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +3.8% | +3.8% | ~100% | 1.8100% | Verified |
| 2022 | +9.3% | +9.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +96.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.3% | +17.6% | +16.1% | +73.4% | 2025 | -3.7% | 2022 |
| Assessment Ratio | 78.9% | 80.7% | — | 100.0% | 2024 | 69.2% | 2025 |
| Effective Tax Rate (2025) | 1.4200% | 1.4200% | — | 1.4200% | 2025 | 1.4200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$24,665 | $20,224 | ~$31,447 | $24,665 | 2025 | $18,171 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,042,743 | ~$1,325,750 | ~2.0139% | ~$26,700 | +17.3% |
| 2027 | ~$2,396,505 | ~$1,458,325 | ~1.9814% | ~$28,895 | +37.6% |
| 2028 | ~$2,811,532 | ~$1,604,157 | ~1.9488% | ~$31,262 | +61.5% |
| 2029 | ~$3,298,433 | ~$1,764,573 | ~1.9163% | ~$33,814 | +89.4% |
| 2030 | ~$3,869,655 | ~$1,941,030 | ~1.8837% | ~$36,564 | +122.2% |
| 2026 | ~$2,007,919 | ~$1,325,750 | ~2.0465% | ~$27,131 | +15.3% |
| 2027 | ~$2,315,492 | ~$1,458,325 | ~2.0465% | ~$29,844 | +33.0% |
| 2028 | ~$2,670,179 | ~$1,604,157 | ~2.0465% | ~$32,829 | +53.4% |
| 2029 | ~$3,079,197 | ~$1,764,573 | ~2.0465% | ~$36,112 | +76.8% |
| 2030 | ~$3,550,868 | ~$1,941,030 | ~2.0465% | ~$39,723 | +103.9% |
| 2026 | ~$2,077,567 | ~$1,325,750 | ~1.9977% | ~$26,484 | +19.3% |
| 2027 | ~$2,478,912 | ~$1,458,325 | ~1.9488% | ~$28,420 | +42.4% |
| 2028 | ~$2,957,788 | ~$1,604,157 | ~1.9000% | ~$30,479 | +69.9% |
| 2029 | ~$3,529,173 | ~$1,764,573 | ~1.8512% | ~$32,666 | +102.7% |
| 2030 | ~$4,210,938 | ~$1,941,030 | ~1.8024% | ~$34,985 | +141.8% |
In 2025, this property's market value of $1,741,202 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +23% 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 | $1,741,202 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,004,356 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $967,700 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $885,118 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $919,159 | $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.