2821 E CESAR CHAVEZ ST TX 78702
| Owner | INTERNATIONAL BANK OF COMMERCE |
|---|---|
| Parcel ID | 0200120109 |
| Short ID | 761034 |
| Type | Real |
| Use Code | 56 Bank — Office |
| Valuation | Income |
| Improvement SF | 23,869 SF |
| Land SF | 126,584 SF |
| Acres | 2.906 |
| Year Built | 2008 |
| Legal | LOT 1 BLK A GOVALLE PLAZA SUBD |
| Neighborhood | 56EAS |
| Land | $11,867,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,867,250 |
| Improvement | $754,656 |
|---|---|
| Total Improvement | $754,656 |
| Market | $12,621,906 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,621,906 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,621,906 |
| Taxable Value | $12,621,906 |
|---|
Appreciation: Market value has risen +30.7% from $9,654,883 (2021) to $12,621,906 (2025), a CAGR of 6.9% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2023→2024), 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 $258,305. 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 ($11,867,250 land vs $754,656 improvements), about $94/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $12,621,906, 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 +6.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,644,012 by 2030, with an estimated annual tax burden around $332,368. 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 | 44,000 SF | ✗ |
| 1ST | 1st Floor | 12,182 SF | ✓ |
| 2ND | 2nd Floor | 11,687 SF | ✓ |
| 503 | CANOPY - BANK | 2,013 SF | ✗ |
| 541 | FENCE COMM LF | 1,500 SF | ✗ |
| 501 | CANOPY | 105 SF | ✗ |
| 482 | LIGHT POLES | 8 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $116,777.87 | $116,777.87 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $66,140.93 | $66,140.93 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $47,438.80 | $47,438.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $14,896.75 | $14,896.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,051.05 | $13,051.05 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $258,305.40 | $258,305.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $12,668,523 | $12,621,906 | +0.4% |
| Assessed Value | $12,668,523 | $12,621,906 | +0.4% |
| Land Value | $11,867,250 | $11,867,250 | +0.0% |
| Improvement Value | $801,273 | $754,656 | +6.2% |
| Taxable Value | $12,668,523 | $12,621,906 | +0.4% |
| Total Tax 2026 = estimate |
~$259,259
Estimated
|
~$258,305
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $12,668,523 | $12,668,523 | +0 (+0.0%) |
| Taxable Value | $12,668,523 | $12,668,523 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $12,668,523 | $11,867,250 | $801,273 | — | $12,668,523 | $12,668,523 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $12,621,906 | $11,867,250 | $754,656 | — | $12,621,906 | $12,621,906 | ~$258,305 | Partial |
| 2024 | $12,186,000 | — | — | — | — | $— | $250,004 | Verified |
| 2023 | $9,654,000 | — | — | — | — | $— | $220,475 | Verified |
| 2022 | $9,654,000 | — | — | — | — | $— | $190,659 | Verified |
| 2021 | $9,654,883 | — | — | −$1,110,463 | $8,544,420 | $— | $210,137 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | +3.5% | +3.5% | ~100% | 1.9800% | Verified |
| 2023 | +26.2% | +26.2% | ~100% | 1.8100% | 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): +30.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.4% | +6.0% | +6.9% | +26.2% | 2024 | +-0.0% | 2022 |
| Assessment Ratio | 100.0% | 96.2% | — | 100.0% | 2025 | 88.5% | 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 |
$258,305 | $225,916 | ~$301,412 | $258,305 | 2025 | $190,659 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$13,496,446 | ~$13,496,446 | ~2.0139% | ~$271,810 | +6.9% |
| 2027 | ~$14,431,581 | ~$14,431,581 | ~1.9814% | ~$285,946 | +14.3% |
| 2028 | ~$15,431,509 | ~$15,431,509 | ~1.9488% | ~$300,735 | +22.3% |
| 2029 | ~$16,500,719 | ~$16,500,719 | ~1.9163% | ~$316,202 | +30.7% |
| 2030 | ~$17,644,012 | ~$17,644,012 | ~1.8837% | ~$332,368 | +39.8% |
| 2026 | ~$13,244,008 | ~$13,244,008 | ~2.0465% | ~$271,037 | +4.9% |
| 2027 | ~$13,896,772 | ~$13,896,772 | ~2.0465% | ~$284,395 | +10.1% |
| 2028 | ~$14,581,709 | ~$14,581,709 | ~2.0465% | ~$298,412 | +15.5% |
| 2029 | ~$15,300,404 | ~$15,300,404 | ~2.0465% | ~$313,120 | +21.2% |
| 2030 | ~$16,054,523 | ~$16,054,523 | ~2.0465% | ~$328,553 | +27.2% |
| 2026 | ~$13,748,884 | ~$13,748,884 | ~1.9977% | ~$274,656 | +8.9% |
| 2027 | ~$14,976,487 | ~$14,976,487 | ~1.9488% | ~$291,868 | +18.7% |
| 2028 | ~$16,313,700 | ~$16,313,700 | ~1.9000% | ~$309,963 | +29.2% |
| 2029 | ~$17,770,309 | ~$17,770,309 | ~1.8512% | ~$328,963 | +40.8% |
| 2030 | ~$19,356,975 | ~$19,356,975 | ~1.8024% | ~$348,885 | +53.4% |
In 2025, this property's market value of $12,621,906 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 9× 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 | $12,621,906 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $12,186,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,654,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $9,654,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $9,654,883 | $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.