600 E 3 ST TX 78701
| Owner | TRACEY PROPERTIES LLC |
|---|---|
| Parcel ID | 0204041405 |
| Short ID | 191616 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 6,282 SF |
| Land SF | 8,832 SF |
| Acres | 0.203 |
| Year Built | 1900 |
| Legal | LOT 1 BLOCK 035 ORIGINAL CITY |
| Neighborhood | 59CBD |
| Land | $7,065,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,065,600 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $3,905,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,905,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,905,000 |
| Exemptions (−) (HT) | −$976,250 |
|---|---|
| Taxable Value | $2,928,750 |
Appreciation: Market value has risen +31.9% from $2,960,524 (2021) to $3,905,000 (2025), a CAGR of 7.2% over 4 years. This represents moderate, steady growth. 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 $59,936. Austin ISD is the largest single contributor, at 46.7% 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 181% of market value ($7,065,600 land vs $0 improvements), about $800/SF of land. With value concentrated in the land under a ~126-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 $3,905,000, 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 +7.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,519,969 by 2030, with an estimated annual tax burden around $103,982. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 6,283 SF | ✗ |
| 491 | SPRINKLER HEADS | 6,283 SF | ✗ |
| 1ST | 1st Floor | 4,690 SF | ✓ |
| 501 | CANOPY | 1,648 SF | ✗ |
| 611 | TERRACE | 1,648 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,142 SF | ✗ |
| 2ND | 2nd Floor | 990 SF | ✓ |
| FBSMT | Finished Basement | 602 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 168 SF | ✗ |
| 512C | DECK UNCOVRED COMM | 132 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 32 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% | $31,612.93 | $31,612.93 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,347.15 | $15,347.15 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,007.56 | $11,007.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,037.77 | $4,037.77 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,456.60 | $3,456.60 | Paid |
| P2U | — | — | — | — | — | — | $2,246.59 | $2,246.59 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $67,708.60 | $67,708.60 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,100,000 | $3,905,000 | +5.0% |
| Assessed Value | $4,100,000 | $3,905,000 | +5.0% |
| Land Value | $4,416,000 | $7,065,600 | -37.5% |
| Improvement Value | — | — | — |
| Taxable Value | $2,721,162 | $2,928,750 | -7.1% |
| Exemptions | HT | HT | |
| Total Tax 2026 = estimate |
~$55,688
Estimated
|
~$67,709
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,365,637 | $4,100,000 | -1,265,637 (-23.6%) |
| Taxable Value | $3,307,162 | $2,721,162 | -586,000 (-17.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,100,000 | $4,416,000 | — | — | $4,100,000 | $2,721,162 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,905,000 | $7,065,600 | — | — | $3,905,000 | $2,928,750 | ~$67,709 | Partial |
| 2024 | $3,815,781 | — | — | — | $4,017,475 ! | $— | $67,829 | Verified |
| 2023 | $2,885,100 | — | — | — | $3,815,781 ! | $— | $59,003 | Verified |
| 2022 | $2,970,012 | — | — | −$84,912 | $2,885,100 | $— | $48,704 | Verified |
| 2021 | $2,960,524 | — | — | −$1,335,436 | $1,625,088 | $— | $49,415 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +37.4% | +20.0% | 87.3% | Not available | Partial |
| 2025 | -2.8% | -2.8% | ~100% | Not available | Partial |
| 2024 | +5.3% | +5.3% | ~100% | 1.6900% | Verified |
| 2023 | +32.3% | +32.3% | ~100% | 1.5500% | Verified |
| 2022 | -2.9% | -2.9% | ~100% | 1.6900% | Verified |
| 2021 | base year | — | ~100% | 1.6700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.0% | +7.4% | +6.1% | +32.3% | 2024 | -2.9% | 2023 |
| Assessment Ratio | 100.0% | 98.3% | — | 132.3% | 2023 | 54.9% | 2021 |
| Effective Tax Rate (2025) | 1.7300% | 1.7300% | — | 1.7300% | 2025 | 1.7300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$67,709 | $58,532 | ~$93,899 | $67,829 | 2024 | $48,704 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,184,891 | ~$4,184,891 | ~2.0139% | ~$84,281 | +7.2% |
| 2027 | ~$4,484,843 | ~$4,484,843 | ~1.9814% | ~$88,862 | +14.8% |
| 2028 | ~$4,806,294 | ~$4,806,294 | ~1.9488% | ~$93,667 | +23.1% |
| 2029 | ~$5,150,786 | ~$5,150,786 | ~1.9163% | ~$98,704 | +31.9% |
| 2030 | ~$5,519,969 | ~$5,519,969 | ~1.8837% | ~$103,982 | +41.4% |
| 2026 | ~$4,106,791 | ~$4,106,791 | ~2.0465% | ~$84,045 | +5.2% |
| 2027 | ~$4,319,010 | ~$4,319,010 | ~2.0465% | ~$88,388 | +10.6% |
| 2028 | ~$4,542,195 | ~$4,542,195 | ~2.0465% | ~$92,955 | +16.3% |
| 2029 | ~$4,776,913 | ~$4,776,913 | ~2.0465% | ~$97,759 | +22.3% |
| 2030 | ~$5,023,760 | ~$5,023,760 | ~2.0465% | ~$102,810 | +28.6% |
| 2026 | ~$4,262,991 | ~$4,262,991 | ~1.9977% | ~$85,160 | +9.2% |
| 2027 | ~$4,653,801 | ~$4,653,801 | ~1.9488% | ~$90,695 | +19.2% |
| 2028 | ~$5,080,438 | ~$5,080,438 | ~1.9000% | ~$96,529 | +30.1% |
| 2029 | ~$5,546,188 | ~$5,546,188 | ~1.8512% | ~$102,671 | +42.0% |
| 2030 | ~$6,054,634 | ~$6,054,634 | ~1.8024% | ~$109,127 | +55.0% |
In 2025, this property's market value of $3,905,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +175% 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 | $3,905,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,815,781 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $2,885,100 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,970,012 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $2,960,524 | $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.