2408 EXPOSITION BLVD TX 78703
| Owner | WESTENFIELD DEVELOPMENT COMPANY |
|---|---|
| Parcel ID | 0117040825 |
| Short ID | 116841 |
| Type | Real |
| Use Code | 81 Service Station |
| Valuation | Income |
| Improvement SF | 1,864 SF |
| Land SF | 133,225 SF |
| Acres | 3.058 |
| Year Built | 1961 |
| Legal | 16901 SQ FT OF LOT 1 TARRY TOWN |
| Neighborhood | 81NWE |
| Land | $3,912,245 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,912,245 |
| Improvement | $2,468,641 |
|---|---|
| Total Improvement | $2,468,641 |
| Market | $6,380,886 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,380,886 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,380,886 |
| Taxable Value | $6,380,886 |
|---|
Appreciation: Market value has fallen -32.2% from $9,408,199 (2021) to $6,380,886 (2025), a CAGR of -9.3% 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 $130,584. 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 61% of market value ($3,912,245 land vs $2,468,641 improvements), about $29/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $6,380,886, this parcel sits in the top quartile (≥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 -9.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,927,345 by 2030, with an estimated annual tax burden around $73,981. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 11,200 SF | ✗ |
| 1ST | 1st Floor | 1,864 SF | ✓ |
| 501 | CANOPY | 1,335 SF | ✗ |
| 403 | CARWASH DRIVE-THRU | 459 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 116841 | WESTENFIELD DEVELOPMENT COMPANY | 2414 EXPOSITION BLVD 78703 | $6,050,884 | $6,050,884 | $6,050,884 |
| 116842 | WESTENFIELD DEVELOPMENT COMPANY | 2408 EXPOSITION BLVD 78703 | $807,497 | $807,497 | $807,497 |
Market value changed by 91% in 2022, 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% | $59,035.96 | $59,035.96 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $33,436.93 | $33,436.93 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $23,982.24 | $23,982.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,530.91 | $7,530.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,597.84 | $6,597.84 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $130,583.88 | $130,583.88 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,858,381 | $6,380,886 | +7.5% |
| Assessed Value | $6,858,381 | $6,380,886 | +7.5% |
| Land Value | $3,912,245 | $3,912,245 | +0.0% |
| Improvement Value | $2,946,136 | $2,468,641 | +19.3% |
| Taxable Value | $6,858,381 | $6,380,886 | +7.5% |
| Total Tax 2026 = estimate |
~$140,356
Estimated
|
~$130,584
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,874,806 | $6,858,381 | -16,425 (-0.2%) |
| Taxable Value | $6,874,806 | $6,858,381 | -16,425 (-0.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,858,381 | $3,912,245 | $2,946,136 | — | $6,858,381 | $6,858,381 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,380,886 | $3,912,245 | $2,468,641 | — | $6,380,886 | $6,380,886 | ~$130,584 | Partial |
| 2024 | $8,426,029 | — | — | −$4,513,784 | $3,912,245 | $— | $139,094 | Verified |
| 2023 | $9,371,876 | — | — | −$5,459,631 | $3,912,245 | $— | $152,448 | Verified |
| 2022 | $9,156,124 | — | — | −$5,243,879 | $3,912,245 | $— | $185,087 | Verified |
| 2021 | $9,408,199 | — | — | −$5,495,954 | $3,912,245 | $— | $199,299 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.6% | -4.6% | ~100% | Not available | Partial |
| 2025 | +12.8% | +12.8% | ~100% | Not available | Partial |
| 2024 | -2.3% | -2.3% | ~100% | 1.9800% | Verified |
| 2023 | +4.2% | +4.2% | ~100% | 1.8100% | Verified |
| 2022 | -91.1% ! | -91.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -89.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.5% | -5.4% | -10.5% | +7.5% | 2026 | -24.3% | 2025 |
| Assessment Ratio | 100.0% | 62.1% | — | 100.0% | 2025 | 41.6% | 2021 |
| 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 |
$130,584 | $161,302 | ~$94,118 | $199,299 | 2021 | $130,584 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,790,614 | ~$5,790,614 | ~2.0139% | ~$116,619 | -9.3% |
| 2027 | ~$5,254,946 | ~$5,254,946 | ~1.9814% | ~$104,121 | -17.6% |
| 2028 | ~$4,768,830 | ~$4,768,830 | ~1.9488% | ~$92,937 | -25.3% |
| 2029 | ~$4,327,683 | ~$4,327,683 | ~1.9163% | ~$82,931 | -32.2% |
| 2030 | ~$3,927,345 | ~$3,927,345 | ~1.8837% | ~$73,981 | -38.5% |
| 2026 | ~$6,061,842 | ~$6,061,842 | ~2.0465% | ~$124,055 | -5.0% |
| 2027 | ~$5,758,750 | ~$5,758,750 | ~2.0465% | ~$117,852 | -9.7% |
| 2028 | ~$5,470,812 | ~$5,470,812 | ~2.0465% | ~$111,959 | -14.3% |
| 2029 | ~$5,197,272 | ~$5,197,272 | ~2.0465% | ~$106,361 | -18.5% |
| 2030 | ~$4,937,408 | ~$4,937,408 | ~2.0465% | ~$101,043 | -22.6% |
| 2026 | ~$5,918,232 | ~$5,918,232 | ~1.9977% | ~$118,226 | -7.3% |
| 2027 | ~$5,489,123 | ~$5,489,123 | ~1.9488% | ~$106,974 | -14.0% |
| 2028 | ~$5,091,127 | ~$5,091,127 | ~1.9000% | ~$96,732 | -20.2% |
| 2029 | ~$4,721,988 | ~$4,721,988 | ~1.8512% | ~$87,413 | -26.0% |
| 2030 | ~$4,379,614 | ~$4,379,614 | ~1.8024% | ~$78,937 | -31.4% |
In 2025, this property's market value of $6,380,886 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $6,380,886 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,426,029 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,371,876 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $9,156,124 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $9,408,199 | $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.