48 EAST AVE 1801 78701
| Owner | COCKSHUTT TIMOTHY G |
|---|---|
| Parcel ID | 0203032886 |
| Short ID | 958594 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 1,121 SF |
| Land SF | 94 SF |
| Acres | 0.002 |
| Year Built | 2021 |
| Legal | 48 EAST CONDOMINIUMS UNT 1801 0.5241%INT IN COMMON AREA |
| Neighborhood | CBDR_C |
| Land | $64,216 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $64,216 |
| Improvement | $834,254 |
|---|---|
| Total Improvement | $834,254 |
| Market | $898,470 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $898,470 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $898,470 |
| Taxable Value | $898,470 |
|---|
Appreciation: Market value has risen +348.9% from $200,133 (2023) to $898,470 (2025), a CAGR of 111.9% 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 $18,387. City of Austin is the largest single contributor, at 31.2% 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 7% of market value ($64,216 land vs $834,254 improvements), about $683/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $898,470, this parcel sits in the lower-middle (25th–50th 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 +111.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $38,367,700 by 2030, with an estimated annual tax burden around $27,258. 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 | 1,121 SF | ✓ |
Market value changed by 481% 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,949.86 | $2,949.86 | Paid |
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $2,676.00 | $2,676.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,299.09 | $2,299.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $844.05 | $844.05 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $672.41 | $672.41 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,441.41 | $9,441.41 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $863,727 | $898,470 | -3.9% |
| Assessed Value | $863,727 | $898,470 | -3.9% |
| Land Value | $82,329 | $64,216 | +28.2% |
| Improvement Value | $781,398 | $834,254 | -6.3% |
| Taxable Value | $545,713 | $898,470 | -39.3% |
| Exemptions | HS,OV65 | S | |
| Total Tax 2026 = estimate |
~$11,168
Estimated
|
~$9,441
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $863,727 | $863,727 | +0 (+0.0%) |
| Taxable Value | $547,762 | $545,713 | -2,049 (-0.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $863,727 | $82,329 | $781,398 | — | $863,727 | $545,713 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $898,470 | $64,216 | $834,254 | — | $898,470 | $898,470 | ~$9,441 | Partial |
| 2024 | $933,464 | — | — | −$869,248 | $64,216 | $— | $18,500 | Verified |
| 2023 | $200,133 | — | — | −$135,917 | $64,216 | $— | $16,889 | Verified |
| 2022 | $— | — | — | — | $46,765 | $— | $3,952 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.9% | -3.9% | ~100% | Not available | Partial |
| 2025 | -3.7% | -3.7% | ~100% | Not available | Partial |
| 2024 | -19.7% | -19.7% | ~100% | 1.9800% | Verified |
| 2023 | +481.1% ! | +481.1% | ~100% | 1.4500% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +348.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.9% | +119.6% | +113.6% | +366.4% | 2024 | -3.9% | 2026 |
| Assessment Ratio | 100.0% | 59.8% | — | 100.0% | 2025 | 6.9% | 2024 |
| Effective Tax Rate (2025) | 1.0500% | 1.0500% | — | 1.0500% | 2025 | 1.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$9,441 | $14,943 | ~$23,443 | $18,500 | 2024 | $9,441 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,903,689 | ~$988,317 | ~2.0139% | ~$19,904 | +111.9% |
| 2027 | ~$4,033,559 | ~$1,087,149 | ~1.9814% | ~$21,541 | +348.9% |
| 2028 | ~$8,546,354 | ~$1,195,864 | ~1.9488% | ~$23,305 | +851.2% |
| 2029 | ~$18,108,119 | ~$1,315,450 | ~1.9163% | ~$25,208 | +1915.4% |
| 2030 | ~$38,367,700 | ~$1,446,995 | ~1.8837% | ~$27,258 | +4170.3% |
| 2026 | ~$1,885,720 | ~$988,317 | ~2.0465% | ~$20,226 | +109.9% |
| 2027 | ~$3,957,771 | ~$1,087,149 | ~2.0465% | ~$22,248 | +340.5% |
| 2028 | ~$8,306,618 | ~$1,195,864 | ~2.0465% | ~$24,473 | +824.5% |
| 2029 | ~$17,434,030 | ~$1,315,450 | ~2.0465% | ~$26,920 | +1840.4% |
| 2030 | ~$36,590,753 | ~$1,446,995 | ~2.0465% | ~$29,613 | +3972.6% |
| 2026 | ~$1,921,658 | ~$988,317 | ~1.9977% | ~$19,743 | +113.9% |
| 2027 | ~$4,110,066 | ~$1,087,149 | ~1.9488% | ~$21,187 | +357.5% |
| 2028 | ~$8,790,659 | ~$1,195,864 | ~1.9000% | ~$22,722 | +878.4% |
| 2029 | ~$18,801,569 | ~$1,315,450 | ~1.8512% | ~$24,352 | +1992.6% |
| 2030 | ~$40,213,022 | ~$1,446,995 | ~1.8024% | ~$26,080 | +4375.7% |
In 2025, this property's market value of $898,470 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -37% 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 | $898,470 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $933,464 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $200,133 | $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.