48 EAST AVE 1403 78701
| Owner | PATEL JAYMINKUMAR & MIRAL VAGHASIA |
|---|---|
| Parcel ID | 0203032844 |
| Short ID | 958552 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 641 SF |
| Land SF | 53 SF |
| Acres | 0.001 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1403 0.2969%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $36,384 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $36,384 |
| Improvement | $165,907 |
|---|---|
| Total Improvement | $165,907 |
| Market | $202,291 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $202,291 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $202,291 |
| Taxable Value | $202,291 |
|---|
Appreciation: Market value has risen +78.4% from $113,377 (2023) to $202,291 (2025), a CAGR of 33.6% over 2 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 +0.2%, 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 $4,140. 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 18% of market value ($36,384 land vs $165,907 improvements), about $686/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $202,291, this parcel sits in the bottom quartile (<25th 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 +33.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $860,212 by 2030, with an estimated annual tax burden around $6,137. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 641 SF | ✓ |
Market value changed by 486% 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% | $1,871.60 | $1,871.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,060.04 | $1,060.04 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $760.30 | $760.30 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $238.75 | $238.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $209.17 | $209.17 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $4,139.86 | $4,139.86 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $483,278 | $202,291 | +138.9% |
| Assessed Value | $483,278 | $202,291 | +138.9% |
| Land Value | $46,646 | $36,384 | +28.2% |
| Improvement Value | $436,632 | $165,907 | +163.2% |
| Taxable Value | $483,278 | $202,291 | +138.9% |
| Total Tax 2026 = estimate |
~$9,890
Estimated
|
~$4,140
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $483,278 | $483,278 | +0 (+0.0%) |
| Taxable Value | $483,278 | $483,278 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $483,278 | $46,646 | $436,632 | — | $483,278 | $483,278 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $202,291 | $36,384 | $165,907 | — | $202,291 | $202,291 | ~$4,140 | Partial |
| 2024 | $664,696 | — | — | −$628,312 | $36,384 | $— | $13,014 | Verified |
| 2023 | $113,377 | — | — | −$76,993 | $36,384 | $— | $12,026 | Verified |
| 2022 | $— | — | — | — | $26,495 | $— | $2,239 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +138.9% ! | +138.9% | ~100% | Not available | Partial |
| 2025 | -69.2% | -69.2% | ~100% | Not available | Partial |
| 2024 | -1.2% | -1.2% | ~100% | 1.9800% | Verified |
| 2023 | +486.3% ! | +486.3% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +78.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +138.9% | +185.2% | +18.0% | +486.3% | 2024 | -69.6% | 2025 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 5.5% | 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 |
$4,140 | $9,726 | ~$5,278 | $13,014 | 2024 | $4,140 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$270,211 | ~$222,520 | ~2.0139% | ~$4,481 | +33.6% |
| 2027 | ~$360,934 | ~$244,772 | ~1.9814% | ~$4,850 | +78.4% |
| 2028 | ~$482,119 | ~$269,249 | ~1.9488% | ~$5,247 | +138.3% |
| 2029 | ~$643,991 | ~$296,174 | ~1.9163% | ~$5,676 | +218.3% |
| 2030 | ~$860,212 | ~$325,792 | ~1.8837% | ~$6,137 | +325.2% |
| 2026 | ~$266,165 | ~$222,520 | ~2.0465% | ~$4,554 | +31.6% |
| 2027 | ~$350,207 | ~$244,772 | ~2.0465% | ~$5,009 | +73.1% |
| 2028 | ~$460,785 | ~$269,249 | ~2.0465% | ~$5,510 | +127.8% |
| 2029 | ~$606,279 | ~$296,174 | ~2.0465% | ~$6,061 | +199.7% |
| 2030 | ~$797,713 | ~$325,792 | ~2.0465% | ~$6,667 | +294.3% |
| 2026 | ~$274,256 | ~$222,520 | ~1.9977% | ~$4,445 | +35.6% |
| 2027 | ~$371,824 | ~$244,772 | ~1.9488% | ~$4,770 | +83.8% |
| 2028 | ~$504,101 | ~$269,249 | ~1.9000% | ~$5,116 | +149.2% |
| 2029 | ~$683,435 | ~$296,174 | ~1.8512% | ~$5,483 | +237.8% |
| 2030 | ~$926,569 | ~$325,792 | ~1.8024% | ~$5,872 | +358.0% |
In 2025, this property's market value of $202,291 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -86% below 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 | $202,291 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $664,696 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $113,377 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
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.