605 DAVIS ST 1 TX 78701
| Owner | AUSTIN HVZ LLC |
|---|---|
| Parcel ID | 0203031502 |
| Short ID | 725834 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 43,001 SF |
| Acres | 0.987 |
| Year Built | — |
| Legal | UNT 1 WATERFRONT MASTER CONDOMINIUM AMENDED THE PLUS 51.66 % INT IN COM AREA (HOTEL) (HOTEL) |
| Neighborhood | 34CBD1 |
| Land | $10,879,321 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,879,321 |
| Improvement | $109,120,679 |
|---|---|
| Total Improvement | $109,120,679 |
| Market | $120,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $120,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $120,000,000 |
| Taxable Value | $120,000,000 |
|---|
Appreciation: Market value has fallen -11.7% from $135,840,000 (2021) to $120,000,000 (2025), a CAGR of -3.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $2,455,782. Austin ISD is the largest single contributor, at 43.3% 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 9% of market value ($10,879,321 land vs $109,120,679 improvements), about $253/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $120,000,000, 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 -3.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $102,771,622 by 2030, with an estimated annual tax burden around $1,935,953. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 263,052 SF | ✓ |
| 187 | PARKING GARAGE | 82,275 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +55,700 |
| Travis County | 0.3444% | 0.3758% | +37,680 |
| Austin ISD | 0.9505% | 0.9252% | -30,360 |
| Travis Central Health | 0.1080% | 0.1180% | +12,065 |
| Austin Community College | 0.1013% | 0.1034% | +2,520 |
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% | $1,110,240.00 | $1,037,607.49 | $72,632.51 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $628,820.40 | $587,682.62 | $41,137.78 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $451,014.00 | $421,508.41 | $29,505.59 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $141,627.60 | $132,362.24 | $9,265.36 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $124,080.00 | $115,962.62 | $8,117.38 |
| P2U | — | — | — | — | — | — | $110,537.50 | $103,306.07 | $7,231.43 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,566,319.50 | $2,398,429.45 | $167,890.05 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $112,505,840 | $120,000,000 | -6.2% |
| Assessed Value | $112,505,840 | $120,000,000 | -6.2% |
| Land Value | $32,250,953 | $10,879,321 | +196.4% |
| Improvement Value | $80,254,887 | $109,120,679 | -26.5% |
| Taxable Value | $112,505,840 | $120,000,000 | -6.2% |
| Total Tax 2026 = estimate |
~$2,302,415
Estimated
|
$2,566,320 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $112,505,840 | $112,505,840 | +0 (+0.0%) |
| Taxable Value | $112,505,840 | $112,505,840 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $112,505,840 | $32,250,953 | $80,254,887 | — | $112,505,840 | $112,505,840 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $120,000,000 | $10,879,321 | $109,120,679 | — | $120,000,000 | $120,000,000 | $2,566,320 | Verified |
| 2024 | $150,000,000 | — | — | −$139,120,679 | $10,879,321 | $— | $2,420,454 | Verified |
| 2023 | $148,840,000 | — | — | −$137,416,713 | $11,423,287 | $— | $2,856,455 | Verified |
| 2022 | $— | — | — | — | $11,423,287 | $— | $2,913,117 | Verified |
| 2021 | $135,840,000 | — | — | −$124,416,713 | $11,423,287 | $— | $2,442,324 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.2% | -6.2% | ~100% | Not available | Partial |
| 2025 | -20.0% | -20.0% | ~100% | 2.1400% | Verified |
| 2024 | -2.8% | -2.8% | ~100% | 1.6100% | Verified |
| 2023 | +3.7% | +3.7% | ~100% | 1.8500% | Verified |
| 2022 | +28.0% | +28.0% | ~100% | 1.9600% | Verified |
| 2021 | base year | — | ~100% | 1.8000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.2% | -4.0% | -1.8% | +9.6% | 2023 | -20.0% | 2025 |
| Assessment Ratio | 100.0% | 44.7% | — | 100.0% | 2025 | 7.3% | 2024 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
| Tax Amount | $2,566,320 | $2,571,388 | ~$2,135,202 | $2,856,455 | 2023 | $2,420,454 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$116,337,477 | ~$116,337,477 | ~2.0139% | ~$2,342,963 | -3.1% |
| 2027 | ~$112,786,737 | ~$112,786,737 | ~1.9814% | ~$2,234,743 | -6.0% |
| 2028 | ~$109,344,370 | ~$109,344,370 | ~1.9488% | ~$2,130,946 | -8.9% |
| 2029 | ~$106,007,067 | ~$106,007,067 | ~1.9163% | ~$2,031,404 | -11.7% |
| 2030 | ~$102,771,622 | ~$102,771,622 | ~1.8837% | ~$1,935,953 | -14.4% |
| 2026 | ~$114,000,000 | ~$114,000,000 | ~2.0465% | ~$2,332,993 | -5.0% |
| 2027 | ~$108,300,000 | ~$108,300,000 | ~2.0465% | ~$2,216,343 | -9.8% |
| 2028 | ~$102,885,000 | ~$102,885,000 | ~2.0465% | ~$2,105,526 | -14.3% |
| 2029 | ~$97,740,750 | ~$97,740,750 | ~2.0465% | ~$2,000,250 | -18.5% |
| 2030 | ~$92,853,712 | ~$92,853,712 | ~2.0465% | ~$1,900,237 | -22.6% |
| 2026 | ~$118,737,477 | ~$118,737,477 | ~1.9977% | ~$2,371,974 | -1.1% |
| 2027 | ~$117,488,236 | ~$117,488,236 | ~1.9488% | ~$2,289,657 | -2.1% |
| 2028 | ~$116,252,139 | ~$116,252,139 | ~1.9000% | ~$2,208,810 | -3.1% |
| 2029 | ~$115,029,047 | ~$115,029,047 | ~1.8512% | ~$2,129,411 | -4.1% |
| 2030 | ~$113,818,823 | ~$113,818,823 | ~1.8024% | ~$2,051,438 | -5.2% |
In 2025, this property's market value of $120,000,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 85× 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 | $120,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $150,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $148,840,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $135,840,000 | $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.