509 HEARN ST TX 78703
| Owner | OGDEN ROBERT L & MARY D LP |
|---|---|
| Parcel ID | 0110061209 |
| Short ID | 109552 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 2,220 SF |
| Land SF | 6,136 SF |
| Acres | 0.141 |
| Year Built | 1909 |
| Legal | LOT 4 BLK 6 LESS W10FT JOHNSON CHARLES ADDN |
| Neighborhood | 32CEN |
| Land | $613,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $613,600 |
| Improvement | $41,027 |
|---|---|
| Total Improvement | $41,027 |
| Market | $654,627 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $654,627 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $654,627 |
| Taxable Value | $654,627 |
|---|
Appreciation: Market value has risen +6.9% from $612,464 (2021) to $654,627 (2025), a CAGR of 1.7% over 4 years. Growth has been relatively flat for this asset class. 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 $13,397. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
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 94% of market value ($613,600 land vs $41,027 improvements), about $100/SF of land. With value concentrated in the land under a ~117-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 $654,627, 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 +1.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $711,436 by 2030, with an estimated annual tax burden around $13,402. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,220 SF | ✓ |
| 611 | TERRACE | 236 SF | ✗ |
| 511 | DECK | 153 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 6 SF | ✗ |
| 581C | STORAGE ATT COMM | 3 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% | $5,674.11 | $5,674.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,213.72 | $3,213.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,305.00 | $2,305.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $723.82 | $723.82 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $634.14 | $634.14 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,550.79 | $12,550.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $613,285 | $654,627 | -6.3% |
| Assessed Value | $613,285 | $654,627 | -6.3% |
| Land Value | $613,600 | $613,600 | +0.0% |
| Improvement Value | — | $41,027 | — |
| Taxable Value | $613,285 | $654,627 | -6.3% |
| Total Tax 2026 = estimate |
~$12,551
Estimated
|
~$12,551
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $613,285 | $613,285 | +0 (+0.0%) |
| Taxable Value | $613,285 | $613,285 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $613,285 | $613,600 | — | — | $613,285 | $613,285 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $654,627 | $613,600 | $41,027 | — | $654,627 | $654,627 | ~$12,551 | Partial |
| 2024 | $613,285 | — | — | — | $613,285 | $— | $12,154 | Verified |
| 2023 | $613,285 | — | — | — | $613,600 ! | $— | $11,096 | Verified |
| 2022 | $613,236 | — | — | −$60,996 | $552,240 | $— | $12,112 | Verified |
| 2021 | $612,464 | — | — | −$60,224 | $552,240 | $— | $13,348 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.3% | -6.3% | ~100% | Not available | Partial |
| 2025 | +6.7% | +6.7% | ~100% | Not available | Partial |
| 2024 | -12.4% | -12.4% | ~100% | 1.9800% | Verified |
| 2023 | +14.1% | +14.1% | ~100% | 1.5900% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.3% | +0.1% | +3.0% | +6.7% | 2025 | -6.3% | 2026 |
| Assessment Ratio | 100.0% | 96.7% | — | 100.1% | 2023 | 90.1% | 2022 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$12,551 | $12,252 | ~$13,407 | $13,348 | 2021 | $11,096 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$665,614 | ~$665,614 | ~2.0139% | ~$13,405 | +1.7% |
| 2027 | ~$676,785 | ~$676,785 | ~1.9814% | ~$13,410 | +3.4% |
| 2028 | ~$688,143 | ~$688,143 | ~1.9488% | ~$13,411 | +5.1% |
| 2029 | ~$699,693 | ~$699,693 | ~1.9163% | ~$13,408 | +6.9% |
| 2030 | ~$711,436 | ~$711,436 | ~1.8837% | ~$13,402 | +8.7% |
| 2026 | ~$652,521 | ~$652,521 | ~2.0465% | ~$13,354 | -0.3% |
| 2027 | ~$650,422 | ~$650,422 | ~2.0465% | ~$13,311 | -0.6% |
| 2028 | ~$648,330 | ~$648,330 | ~2.0465% | ~$13,268 | -1.0% |
| 2029 | ~$646,244 | ~$646,244 | ~2.0465% | ~$13,225 | -1.3% |
| 2030 | ~$644,165 | ~$644,165 | ~2.0465% | ~$13,183 | -1.6% |
| 2026 | ~$678,706 | ~$678,706 | ~1.9977% | ~$13,558 | +3.7% |
| 2027 | ~$703,671 | ~$703,671 | ~1.9488% | ~$13,713 | +7.5% |
| 2028 | ~$729,554 | ~$729,554 | ~1.9000% | ~$13,862 | +11.4% |
| 2029 | ~$756,390 | ~$756,390 | ~1.8512% | ~$14,002 | +15.5% |
| 2030 | ~$784,212 | ~$784,212 | ~1.8024% | ~$14,134 | +19.8% |
In 2025, this property's market value of $654,627 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -54% 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 | $654,627 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $613,285 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $613,285 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $613,236 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $612,464 | $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.