7121 CHIMNEY CORNERS TX 78731
| Owner | 7111 CHIMNEY CORNERS J V |
|---|---|
| Parcel ID | 0140030713 |
| Short ID | 138471 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,145 SF |
| Land SF | 25,526 SF |
| Acres | 0.586 |
| Year Built | 1969 |
| Legal | LOT 1 *RESUB OF LOT 5-B HIGHLAND HILLS N W CHIMNEY CORNERS SEC 1-B AMENDED |
| Neighborhood | 30NWE |
| Land | $382,890 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $382,890 |
| Improvement | $1,027,110 |
|---|---|
| Total Improvement | $1,027,110 |
| Market | $1,410,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,410,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,410,000 |
| Taxable Value | $1,410,000 |
|---|
Appreciation: Market value has fallen -2.4% from $1,444,000 (2021) to $1,410,000 (2025), a CAGR of -0.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $28,855. 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 27% of market value ($382,890 land vs $1,027,110 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~57 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,410,000, 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 -0.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,368,624 by 2030, with an estimated annual tax burden around $25,781. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 18,725 SF | ✗ |
| 1ST | 1st Floor | 7,145 SF | ✓ |
| 501 | CANOPY | 1,060 SF | ✗ |
| 611 | TERRACE | 100 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 33 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% | $13,045.32 | $13,045.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,388.64 | $7,388.64 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,299.41 | $5,299.41 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,664.12 | $1,664.12 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,457.94 | $1,457.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,855.43 | $28,855.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,410,000 | $1,410,000 | +0.0% |
| Assessed Value | $1,410,000 | $1,410,000 | +0.0% |
| Land Value | $382,890 | $382,890 | +0.0% |
| Improvement Value | $1,027,110 | $1,027,110 | +0.0% |
| Taxable Value | $1,410,000 | $1,410,000 | +0.0% |
| Total Tax 2026 = estimate |
~$28,855
Estimated
|
~$28,855
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,410,000 | $1,410,000 | +0 (+0.0%) |
| Taxable Value | $1,410,000 | $1,410,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,410,000 | $382,890 | $1,027,110 | — | $1,410,000 | $1,410,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,410,000 | $382,890 | $1,027,110 | — | $1,410,000 | $1,410,000 | ~$28,855 | Partial |
| 2024 | $1,359,000 | — | — | −$976,110 | $382,890 | $— | $27,745 | Verified |
| 2023 | $1,292,439 | — | — | −$909,549 | $382,890 | $— | $24,588 | Verified |
| 2022 | $1,255,925 | — | — | −$873,035 | $382,890 | $— | $25,525 | Verified |
| 2021 | $1,444,000 | — | — | −$1,061,110 | $382,890 | $— | $27,337 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.7% | +0.7% | ~100% | Not available | Partial |
| 2024 | +3.0% | +3.0% | ~100% | 1.9800% | Verified |
| 2023 | +5.2% | +5.2% | ~100% | 1.8100% | Verified |
| 2022 | +2.9% | +2.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.8900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -0.2% | -0.6% | +5.2% | 2024 | -13.0% | 2022 |
| Assessment Ratio | 100.0% | 52.5% | — | 100.0% | 2025 | 26.5% | 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 |
$28,855 | $26,810 | ~$26,998 | $28,855 | 2025 | $24,588 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,401,626 | ~$1,401,626 | ~2.0139% | ~$28,228 | -0.6% |
| 2027 | ~$1,393,301 | ~$1,393,301 | ~1.9814% | ~$27,607 | -1.2% |
| 2028 | ~$1,385,026 | ~$1,385,026 | ~1.9488% | ~$26,992 | -1.8% |
| 2029 | ~$1,376,801 | ~$1,376,801 | ~1.9163% | ~$26,384 | -2.4% |
| 2030 | ~$1,368,624 | ~$1,368,624 | ~1.8837% | ~$25,781 | -2.9% |
| 2026 | ~$1,373,426 | ~$1,373,426 | ~2.0465% | ~$28,107 | -2.6% |
| 2027 | ~$1,337,800 | ~$1,337,800 | ~2.0465% | ~$27,378 | -5.1% |
| 2028 | ~$1,303,099 | ~$1,303,099 | ~2.0465% | ~$26,668 | -7.6% |
| 2029 | ~$1,269,298 | ~$1,269,298 | ~2.0465% | ~$25,976 | -10.0% |
| 2030 | ~$1,236,373 | ~$1,236,373 | ~2.0465% | ~$25,302 | -12.3% |
| 2026 | ~$1,429,826 | ~$1,429,826 | ~1.9977% | ~$28,563 | +1.4% |
| 2027 | ~$1,449,930 | ~$1,449,930 | ~1.9488% | ~$28,257 | +2.8% |
| 2028 | ~$1,470,318 | ~$1,470,318 | ~1.9000% | ~$27,936 | +4.3% |
| 2029 | ~$1,490,992 | ~$1,490,992 | ~1.8512% | ~$27,601 | +5.7% |
| 2030 | ~$1,511,956 | ~$1,511,956 | ~1.8024% | ~$27,251 | +7.2% |
In 2025, this property's market value of $1,410,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -1% 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 | $1,410,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,359,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,292,439 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,255,925 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,444,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.