1505 E CESAR CHAVEZ ST TX 78702
| Owner | 1515 CESAR CHAVEZ LP |
|---|---|
| Parcel ID | 0202051308 |
| Short ID | 188889 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 71,632 SF |
| Land SF | 34,517 SF |
| Acres | 0.792 |
| Year Built | 2023 |
| Legal | LOT 7&8 BLK 1 OLT 34&46 DIV O WELCH SUBD |
| Neighborhood | 1EC1 |
| Land | $6,040,464 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,040,464 |
| Improvement | $12,070,002 |
|---|---|
| Total Improvement | $12,070,002 |
| Market | $18,110,466 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $18,110,466 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $18,110,466 |
| Taxable Value | $18,110,466 |
|---|
Appreciation: Market value has risen +1260.7% from $1,330,981 (2021) to $18,110,466 (2025), a CAGR of 92.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→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 $370,628. 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 33% of market value ($6,040,464 land vs $12,070,002 improvements), about $175/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $18,110,466, 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 +92.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $473,289,464 by 2030, with an estimated annual tax burden around $549,433. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 80,451 SF | ✓ |
| 2ND | 2nd Floor | 28,206 SF | ✓ |
| 3RD | 3rd Floor | 22,107 SF | ✓ |
| 1ST | 1st Floor | 21,319 SF | ✓ |
Market value changed by 1604% in 2023, 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% | $167,558.03 | $167,558.03 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $94,901.92 | $94,901.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $68,067.28 | $68,067.28 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $21,374.52 | $21,374.52 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,726.22 | $18,726.22 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $370,627.97 | $370,627.97 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $18,110,466 | $18,110,466 | +0.0% |
| Assessed Value | $18,110,466 | $18,110,466 | +0.0% |
| Land Value | $6,040,464 | $6,040,464 | +0.0% |
| Improvement Value | $12,070,002 | $12,070,002 | +0.0% |
| Taxable Value | $18,110,466 | $18,110,466 | +0.0% |
| Total Tax 2026 = estimate |
~$370,628
Estimated
|
~$370,628
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $18,110,466 | $18,110,466 | +0 (+0.0%) |
| Taxable Value | $18,110,466 | $18,110,466 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $18,110,466 | $6,040,464 | $12,070,002 | — | $18,110,466 | $18,110,466 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $18,110,466 | $6,040,464 | $12,070,002 | — | $18,110,466 | $18,110,466 | ~$370,628 | Partial |
| 2024 | $29,406,000 | — | — | −$25,782,325 | $3,623,675 | $— | $407,660 | Verified |
| 2023 | $— | — | — | — | $3,623,675 | $— | $532,027 | Verified |
| 2022 | $1,330,992 | — | — | — | $1,725,750 ! | $— | $34,082 | Verified |
| 2021 | $1,330,981 | — | — | −$19,411 | $1,311,570 | $— | $28,971 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -12.0% | -12.0% | ~100% | Not available | Partial |
| 2024 | -30.0% | -30.0% | ~100% | 1.9800% | Verified |
| 2023 | +1604.0% ! | +1604.0% | ~100% | 1.8100% | Verified |
| 2022 | +29.7% | +29.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1260.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +517.7% | +92.1% | +2109.3% | 2024 | -38.4% | 2025 |
| Assessment Ratio | 100.0% | 88.1% | — | 129.7% | 2022 | 12.3% | 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 |
$370,628 | $210,335 | ~$472,544 | $407,660 | 2024 | $28,971 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$34,783,163 | ~$19,921,513 | ~2.0139% | ~$401,207 | +92.1% |
| 2027 | ~$66,804,929 | ~$21,913,664 | ~1.9814% | ~$434,195 | +268.9% |
| 2028 | ~$128,306,291 | ~$24,105,030 | ~1.9488% | ~$469,768 | +608.5% |
| 2029 | ~$246,426,492 | ~$26,515,533 | ~1.9163% | ~$508,115 | +1260.7% |
| 2030 | ~$473,289,464 | ~$29,167,087 | ~1.8837% | ~$549,433 | +2513.3% |
| 2026 | ~$34,420,953 | ~$19,921,513 | ~2.0465% | ~$407,691 | +90.1% |
| 2027 | ~$65,420,847 | ~$21,913,664 | ~2.0465% | ~$448,460 | +261.2% |
| 2028 | ~$124,339,591 | ~$24,105,030 | ~2.0465% | ~$493,306 | +586.6% |
| 2029 | ~$236,321,210 | ~$26,515,533 | ~2.0465% | ~$542,636 | +1204.9% |
| 2030 | ~$449,154,724 | ~$29,167,087 | ~2.0465% | ~$596,900 | +2380.1% |
| 2026 | ~$35,145,372 | ~$19,921,513 | ~1.9977% | ~$397,965 | +94.1% |
| 2027 | ~$68,203,500 | ~$21,913,664 | ~1.9488% | ~$427,062 | +276.6% |
| 2028 | ~$132,356,472 | ~$24,105,030 | ~1.9000% | ~$458,000 | +630.8% |
| 2029 | ~$256,852,443 | ~$26,515,533 | ~1.8512% | ~$490,854 | +1318.3% |
| 2030 | ~$498,450,711 | ~$29,167,087 | ~1.8024% | ~$525,699 | +2652.3% |
In 2025, this property's market value of $18,110,466 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 13× 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 | $18,110,466 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $29,406,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | — | $667,828 | $1,414,358 | $3,374,900 | — | +9.7% |
| 2022 | $1,330,992 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,330,981 | $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.