817 AIRPORT BLVD TX 78702
| Owner | PRICE D R |
|---|---|
| Parcel ID | 0202170208 |
| Short ID | 190104 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 4,934 SF |
| Land SF | 68,389 SF |
| Acres | 1.570 |
| Year Built | 1950 |
| Legal | ABS 22 SUR 29 TANNEHILL J C ACR 1.57 |
| Neighborhood | 32CEN |
| Land | $4,376,896 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,376,896 |
| Improvement | $45,893 |
|---|---|
| Total Improvement | $45,893 |
| Market | $4,422,789 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,422,789 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,422,789 |
| Taxable Value | $4,422,789 |
|---|
Appreciation: Market value has risen +194.8% from $1,500,128 (2021) to $4,422,789 (2025), a CAGR of 31.0% over 4 years. This is strong appreciation — well above typical inflation. 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 $90,512. 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 99% of market value ($4,376,896 land vs $45,893 improvements), about $64/SF of land. With value concentrated in the land under a ~76-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $4,422,789, 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 +31.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,086,618 by 2030, with an estimated annual tax burden around $134,178. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,934 SF | ✓ |
| SO | Sketch Only | 112 SF | ✗ |
Market value changed by 190% 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% | $40,919.64 | $40,919.64 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $23,176.17 | $23,176.17 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $16,622.83 | $16,622.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,219.91 | $5,219.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,573.16 | $4,573.16 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $90,511.71 | $90,511.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,425,363 | $4,422,789 | +0.1% |
| Assessed Value | $4,425,363 | $4,422,789 | +0.1% |
| Land Value | $4,376,896 | $4,376,896 | +0.0% |
| Improvement Value | $48,467 | $45,893 | +5.6% |
| Taxable Value | $4,425,363 | $4,422,789 | +0.1% |
| Total Tax 2026 = estimate |
~$90,564
Estimated
|
~$90,512
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,425,363 | $4,425,363 | +0 (+0.0%) |
| Taxable Value | $4,425,363 | $4,425,363 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,425,363 | $4,376,896 | $48,467 | — | $4,425,363 | $4,425,363 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,422,789 | $4,376,896 | $45,893 | — | $4,422,789 | $4,422,789 | ~$90,512 | Partial |
| 2024 | $5,018,529 | — | — | −$641,633 | $4,376,896 | $— | $88,530 | Verified |
| 2023 | $1,729,024 | — | — | — | $4,924,008 ! | $— | $90,798 | Verified |
| 2022 | $1,434,890 | — | — | — | $1,641,336 ! | $— | $34,147 | Verified |
| 2021 | $1,500,128 | — | — | −$132,348 | $1,367,780 | $— | $31,233 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2025 | -1.0% | -1.0% | ~100% | Not available | Partial |
| 2024 | -11.0% | -11.0% | ~100% | 1.9800% | Verified |
| 2023 | +190.3% ! | +190.3% | ~100% | 1.8100% | Verified |
| 2022 | +20.5% | +20.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +208.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +38.9% | +31.0% | +190.3% | 2024 | -11.9% | 2025 |
| Assessment Ratio | 100.0% | 129.6% | — | 284.8% | 2023 | 87.2% | 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 |
$90,512 | $67,044 | ~$115,401 | $90,798 | 2023 | $31,233 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,795,464 | ~$4,865,068 | ~2.0139% | ~$97,979 | +31.0% |
| 2027 | ~$7,594,168 | ~$5,351,575 | ~1.9814% | ~$106,035 | +71.7% |
| 2028 | ~$9,951,124 | ~$5,886,732 | ~1.9488% | ~$114,723 | +125.0% |
| 2029 | ~$13,039,596 | ~$6,475,405 | ~1.9163% | ~$124,088 | +194.8% |
| 2030 | ~$17,086,618 | ~$7,122,946 | ~1.8837% | ~$134,178 | +286.3% |
| 2026 | ~$5,707,008 | ~$4,865,068 | ~2.0465% | ~$99,563 | +29.0% |
| 2027 | ~$7,364,118 | ~$5,351,575 | ~2.0465% | ~$109,519 | +66.5% |
| 2028 | ~$9,502,393 | ~$5,886,732 | ~2.0465% | ~$120,471 | +114.9% |
| 2029 | ~$12,261,547 | ~$6,475,405 | ~2.0465% | ~$132,518 | +177.2% |
| 2030 | ~$15,821,860 | ~$7,122,946 | ~2.0465% | ~$145,770 | +257.7% |
| 2026 | ~$5,883,920 | ~$4,865,068 | ~1.9977% | ~$97,188 | +33.0% |
| 2027 | ~$7,827,755 | ~$5,351,575 | ~1.9488% | ~$104,294 | +77.0% |
| 2028 | ~$10,413,764 | ~$5,886,732 | ~1.9000% | ~$111,849 | +135.5% |
| 2029 | ~$13,854,098 | ~$6,475,405 | ~1.8512% | ~$119,872 | +213.2% |
| 2030 | ~$18,430,994 | ~$7,122,946 | ~1.8024% | ~$128,382 | +316.7% |
In 2025, this property's market value of $4,422,789 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,422,789 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,018,529 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $1,729,024 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,434,890 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,500,128 | $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.