512 HEARN ST TX 78703
| Owner | LINDENMUTH REAL ESTATE PARTNERS VI LTD |
|---|---|
| Parcel ID | 0110061506 |
| Short ID | 109581 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,887 SF |
| Land SF | 16,950 SF |
| Acres | 0.389 |
| Year Built | 1985 |
| Legal | LOT 1 HEARN ADDN |
| Neighborhood | 53CEN |
| Land | $1,695,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,695,000 |
| Improvement | $1,005,000 |
|---|---|
| Total Improvement | $1,005,000 |
| Market | $2,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,700,000 |
| Taxable Value | $2,700,000 |
|---|
Appreciation: Market value has fallen -13.2% from $3,110,000 (2021) to $2,700,000 (2025), a CAGR of -3.5% 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 $55,255. 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 63% of market value ($1,695,000 land vs $1,005,000 improvements), about $100/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,700,000, 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 -3.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,262,653 by 2030, with an estimated annual tax burden around $42,623. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 9,720 SF | ✗ |
| 2ND | 2nd Floor | 4,071 SF | ✓ |
| 3RD | 3rd Floor | 3,171 SF | ✓ |
| 487 | PARKING UNDER | 2,291 SF | ✓ |
| 1ST | 1st Floor | 1,645 SF | ✓ |
| 501 | CANOPY | 837 SF | ✗ |
| SO | Sketch Only | 837 SF | ✗ |
| 276 | ELEVATOR COM PAS | 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% | $24,980.40 | $24,980.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,148.46 | $14,148.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,147.82 | $10,147.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,186.62 | $3,186.62 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,791.80 | $2,791.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $55,255.10 | $55,255.10 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,186,789 | $2,700,000 | +18.0% |
| Assessed Value | $3,186,789 | $2,700,000 | +18.0% |
| Land Value | $1,695,000 | $1,695,000 | +0.0% |
| Improvement Value | $1,491,789 | $1,005,000 | +48.4% |
| Taxable Value | $3,186,789 | $2,700,000 | +18.0% |
| Total Tax 2026 = estimate |
~$65,217
Estimated
|
~$55,255
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,642,977 | $3,186,789 | -456,188 (-12.5%) |
| Taxable Value | $3,240,000 | $3,186,789 | -53,211 (-1.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,186,789 | $1,695,000 | $1,491,789 | — | $3,186,789 | $3,186,789 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,700,000 | $1,695,000 | $1,005,000 | — | $2,700,000 | $2,700,000 | ~$55,255 | Partial |
| 2024 | $3,775,000 | — | — | −$2,080,000 | $1,695,000 | $— | $59,169 | Verified |
| 2023 | $3,400,000 | — | — | −$1,705,000 | $1,695,000 | $— | $68,299 | Verified |
| 2022 | $3,172,200 | — | — | −$1,646,700 | $1,525,500 | $— | $67,147 | Verified |
| 2021 | $3,110,000 | — | — | −$1,584,500 | $1,525,500 | $— | $69,049 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +34.9% | +20.0% | 88.9% | Not available | Partial |
| 2025 | -9.6% | -9.6% | ~100% | Not available | Partial |
| 2024 | -20.9% | -20.9% | ~100% | 1.9800% | Verified |
| 2023 | +11.0% | +11.0% | ~100% | 1.8100% | Verified |
| 2022 | +7.2% | +7.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -14.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +18.0% | +1.9% | -6.4% | +18.0% | 2026 | -28.5% | 2025 |
| Assessment Ratio | 100.0% | 65.3% | — | 100.0% | 2025 | 44.9% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$55,255 | $63,784 | ~$47,440 | $69,049 | 2021 | $55,255 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,606,241 | ~$2,606,241 | ~2.0139% | ~$52,488 | -3.5% |
| 2027 | ~$2,515,738 | ~$2,515,738 | ~1.9814% | ~$49,847 | -6.8% |
| 2028 | ~$2,428,378 | ~$2,428,378 | ~1.9488% | ~$47,325 | -10.1% |
| 2029 | ~$2,344,051 | ~$2,344,051 | ~1.9163% | ~$44,919 | -13.2% |
| 2030 | ~$2,262,653 | ~$2,262,653 | ~1.8837% | ~$42,623 | -16.2% |
| 2026 | ~$2,565,000 | ~$2,565,000 | ~2.0465% | ~$52,492 | -5.0% |
| 2027 | ~$2,436,750 | ~$2,436,750 | ~2.0465% | ~$49,868 | -9.8% |
| 2028 | ~$2,314,912 | ~$2,314,912 | ~2.0465% | ~$47,374 | -14.3% |
| 2029 | ~$2,199,167 | ~$2,199,167 | ~2.0465% | ~$45,006 | -18.5% |
| 2030 | ~$2,089,209 | ~$2,089,209 | ~2.0465% | ~$42,755 | -22.6% |
| 2026 | ~$2,660,241 | ~$2,660,241 | ~1.9977% | ~$53,143 | -1.5% |
| 2027 | ~$2,621,068 | ~$2,621,068 | ~1.9488% | ~$51,080 | -2.9% |
| 2028 | ~$2,582,471 | ~$2,582,471 | ~1.9000% | ~$49,067 | -4.4% |
| 2029 | ~$2,544,443 | ~$2,544,443 | ~1.8512% | ~$47,103 | -5.8% |
| 2030 | ~$2,506,975 | ~$2,506,975 | ~1.8024% | ~$45,185 | -7.1% |
In 2025, this property's market value of $2,700,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +90% 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 | $2,700,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,775,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,400,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,172,200 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,110,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.