1700 SMITH RD TX 78721
| Owner | 1700 SMITH LLC |
|---|---|
| Parcel ID | 0202220505 |
| Short ID | 190298 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 23,580 SF |
| Land SF | 103,183 SF |
| Acres | 2.369 |
| Year Built | 1982 |
| Legal | LOT 11&12 CAPITOL BUSINESS PARK |
| Neighborhood | 64EAS |
| Land | $825,464 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $825,464 |
| Improvement | $2,174,536 |
|---|---|
| Total Improvement | $2,174,536 |
| Market | $3,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,000,000 |
| Taxable Value | $3,000,000 |
|---|
Appreciation: Market value has risen +36.5% from $2,198,177 (2021) to $3,000,000 (2025), a CAGR of 8.1% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $61,395. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 28% of market value ($825,464 land vs $2,174,536 improvements), about $8/SF of land. Most value sits in the improvements, so building condition, age (~44 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,000,000, this parcel sits in the upper-middle (50th–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 +8.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,425,318 by 2030, with an estimated annual tax burden around $83,362. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 28,000 SF | ✗ |
| 1ST | 1st Floor | 23,580 SF | ✓ |
| 093 | HVAC COMMRCL SF | 15,684 SF | ✗ |
| 881 | COMMCL FINISHOUT | 7,896 SF | ✓ |
| 541 | FENCE COMM LF | 500 SF | ✗ |
| 327 | STORAGE COMM'L | 182 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% | $27,756.00 | $27,756.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,720.51 | $15,720.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,275.35 | $11,275.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,540.69 | $3,540.69 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,102.00 | $3,102.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $61,394.55 | $61,394.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,667,649 | $3,000,000 | -11.1% |
| Assessed Value | $2,667,649 | $3,000,000 | -11.1% |
| Land Value | $825,464 | $825,464 | +0.0% |
| Improvement Value | $1,842,185 | $2,174,536 | -15.3% |
| Taxable Value | $2,667,649 | $3,000,000 | -11.1% |
| Total Tax 2026 = estimate |
~$54,593
Estimated
|
~$61,395
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,775,671 | $2,667,649 | -1,108,022 (-29.3%) |
| Taxable Value | $3,600,000 | $2,667,649 | -932,351 (-25.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,667,649 | $825,464 | $1,842,185 | — | $2,667,649 | $2,667,649 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,000,000 | $825,464 | $2,174,536 | — | $3,000,000 | $3,000,000 | ~$61,395 | Partial |
| 2024 | $2,565,541 | — | — | −$1,740,077 | $825,464 | $— | $55,951 | Verified |
| 2023 | $2,645,000 | — | — | −$1,819,536 | $825,464 | $— | $45,296 | Verified |
| 2022 | $2,300,000 | — | — | −$1,474,536 | $825,464 | $— | $49,516 | Verified |
| 2021 | $2,198,177 | — | — | −$1,372,713 | $825,464 | $— | $50,064 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +25.9% | +20.0% | 95.4% | Not available | Partial |
| 2025 | +6.3% | +6.3% | ~100% | Not available | Partial |
| 2024 | +10.0% | +10.0% | ~100% | 1.9800% | Verified |
| 2023 | -3.0% | -3.0% | ~100% | 1.7700% | Verified |
| 2022 | +15.0% | +15.0% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -11.1% | +4.5% | +10.8% | +16.9% | 2025 | -11.1% | 2026 |
| Assessment Ratio | 100.0% | 56.1% | — | 100.0% | 2025 | 31.2% | 2023 |
| 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 |
$61,395 | $52,444 | ~$74,078 | $61,395 | 2025 | $45,296 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,242,544 | ~$3,242,544 | ~2.0139% | ~$65,303 | +8.1% |
| 2027 | ~$3,504,698 | ~$3,504,698 | ~1.9814% | ~$69,442 | +16.8% |
| 2028 | ~$3,788,046 | ~$3,788,046 | ~1.9488% | ~$73,823 | +26.3% |
| 2029 | ~$4,094,302 | ~$4,094,302 | ~1.9163% | ~$78,459 | +36.5% |
| 2030 | ~$4,425,318 | ~$4,425,318 | ~1.8837% | ~$83,362 | +47.5% |
| 2026 | ~$3,182,544 | ~$3,182,544 | ~2.0465% | ~$65,130 | +6.1% |
| 2027 | ~$3,376,196 | ~$3,376,196 | ~2.0465% | ~$69,093 | +12.5% |
| 2028 | ~$3,581,631 | ~$3,581,631 | ~2.0465% | ~$73,298 | +19.4% |
| 2029 | ~$3,799,566 | ~$3,799,566 | ~2.0465% | ~$77,758 | +26.7% |
| 2030 | ~$4,030,762 | ~$4,030,762 | ~2.0465% | ~$82,489 | +34.4% |
| 2026 | ~$3,302,544 | ~$3,300,000 | ~1.9977% | ~$65,923 | +10.1% |
| 2027 | ~$3,635,599 | ~$3,630,000 | ~1.9488% | ~$70,743 | +21.2% |
| 2028 | ~$4,002,243 | ~$3,993,000 | ~1.9000% | ~$75,868 | +33.4% |
| 2029 | ~$4,405,861 | ~$4,392,300 | ~1.8512% | ~$81,310 | +46.9% |
| 2030 | ~$4,850,183 | ~$4,831,530 | ~1.8024% | ~$87,082 | +61.7% |
In 2025, this property's market value of $3,000,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +112% above 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 | $3,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,565,541 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,645,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,300,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,198,177 | $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.