400 W CESAR CHAVEZ ST TX 78701
| Owner | SILICON LABORATORIES INC |
|---|---|
| Parcel ID | 0205010506 |
| Short ID | 192777 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 107,638 SF |
| Land SF | 77,232 SF |
| Acres | 1.773 |
| Year Built | 2000 |
| Legal | IMP ONLY LOT 1-4&7-8 BLOCK 002 ORIGINAL CITY LOT 6 AMENDED PLAT OF LOTS 5&6 |
| Neighborhood | 50CBD |
| Land | $80,321,155 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $80,321,155 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $86,828,866 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $86,828,866 |
| Value Limitation Adjustment (−) (homestead cap) | −$5,067,711 |
| Net Appraised (assessed) | $81,761,155 |
| Taxable Value | $81,761,155 |
|---|
Appreciation: Market value has fallen -21.3% from $110,340,758 (2021) to $86,828,866 (2025), a CAGR of -5.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $1,673,230. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
Assessment Gap: Assessed value ($81,761,155) is $5,067,711 below market value, suggesting potential for an upward assessment in future years.
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 93% of market value ($80,321,155 land vs $0 improvements), about $1,040/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $86,828,866, 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 -5.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $64,353,821 by 2030, with an estimated annual tax burden around $1,212,260. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 289,005 SF | ✓ |
| 491 | SPRINKLER HEADS | 217,228 SF | ✗ |
| 2ND | 2nd Floor | 36,506 SF | ✓ |
| 3RD | 3rd Floor | 36,506 SF | ✓ |
| 4TH | 4th Floor | 36,506 SF | ✓ |
| 5TH | 5th Floor | 36,506 SF | ✓ |
| ADDL | Additional Floor | 36,506 SF | ✓ |
| 1ST | 1st Floor | 34,626 SF | ✓ |
| 551 | PAVED AREA | 4,700 SF | ✗ |
| 335 | PENTHOUSE | 3,600 SF | ✓ |
| 501 | CANOPY | 2,440 SF | ✗ |
| 611 | TERRACE | 1,820 SF | ✗ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 192777 | CITY OF AUSTIN | 400 CESAR CHAVEZ ST 78701 | $80,321,155 | $80,321,155 | $80,321,155 |
| 514269 | SILICON LABORATORIES INC | 400 CESAR CHAVEZ ST 78701 | $8,942,700 | $1,728,000 | $1,728,000 |
Market value changed by 87% in 2024, 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% | $736,075.89 | $736,075.89 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $416,900.43 | $416,900.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $299,016.91 | $299,016.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $93,897.41 | $93,897.41 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $82,263.56 | $82,263.56 | Paid |
| P2U | — | — | — | — | — | — | $72,666.68 | $72,666.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,700,820.88 | $1,700,820.88 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $89,263,855 | $86,828,866 | +2.8% |
| Assessed Value | $82,049,155 | $81,761,155 | +0.4% |
| Land Value | $92,678,256 | $80,321,155 | +15.4% |
| Improvement Value | — | — | — |
| Taxable Value | $82,049,155 | $81,761,155 | +0.4% |
| HS Cap Loss | -$7,214,700 | — | |
| Total Tax 2026 = estimate |
~$1,679,124
Estimated
|
~$1,700,821
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $89,263,855 | $89,263,855 | +0 (+0.0%) |
| Taxable Value | $82,049,155 | $82,049,155 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $89,263,855 | $92,678,256 | — | −$7,214,700 | $82,049,155 | $82,049,155 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $86,828,866 | $80,321,155 | — | −$5,067,711 | $81,761,155 | $81,761,155 | ~$1,700,821 | Partial |
| 2024 | $41,274,760 | — | — | — | $80,321,155 ! | $— | $1,651,872 | Verified |
| 2023 | $61,143,700 | — | — | −$8,432,942 | $52,710,758 | $— | $1,792,605 | Verified |
| 2022 | $57,437,900 | — | — | −$4,727,142 | $52,710,758 | $— | $2,361,392 | Verified |
| 2021 | $110,340,758 | — | — | −$57,630,000 | $52,710,758 | $— | $2,506,731 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +37.4% | +20.0% | 19.3% | Not available | Partial |
| 2025 | +2.0% | -77.4% | 22.1% | Not available | Partial |
| 2024 | -86.6% ! | -86.6% | ~100% | 1.9100% | Verified |
| 2023 | -22.3% | -22.3% | ~100% | 1.7900% | Verified |
| 2022 | +6.5% | +6.5% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -88.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.8% | +7.9% | -6.3% | +110.4% | 2025 | -47.9% | 2022 |
| Assessment Ratio | 91.9% | 101.1% | — | 194.6% | 2024 | 47.8% | 2021 |
| Effective Tax Rate (2025) | 0.4700% | 0.4700% | — | 0.4700% | 2025 | 0.4700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,700,821 | $2,002,684 | ~$1,421,709 | $2,506,731 | 2021 | $1,651,872 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$81,779,824 | ~$81,779,824 | ~2.0139% | ~$1,646,994 | -5.8% |
| 2027 | ~$77,024,380 | ~$77,024,380 | ~1.9814% | ~$1,526,152 | -11.3% |
| 2028 | ~$72,545,462 | ~$72,545,462 | ~1.9488% | ~$1,413,795 | -16.5% |
| 2029 | ~$68,326,991 | ~$68,326,991 | ~1.9163% | ~$1,309,344 | -21.3% |
| 2030 | ~$64,353,821 | ~$64,353,821 | ~1.8837% | ~$1,212,260 | -25.9% |
| 2026 | ~$82,487,423 | ~$82,487,423 | ~2.0465% | ~$1,688,093 | -5.0% |
| 2027 | ~$78,363,052 | ~$78,363,052 | ~2.0465% | ~$1,603,688 | -9.7% |
| 2028 | ~$74,444,899 | ~$74,444,899 | ~2.0465% | ~$1,523,504 | -14.3% |
| 2029 | ~$70,722,654 | ~$70,722,654 | ~2.0465% | ~$1,447,329 | -18.5% |
| 2030 | ~$67,186,521 | ~$67,186,521 | ~2.0465% | ~$1,374,962 | -22.6% |
| 2026 | ~$83,516,401 | ~$83,516,401 | ~1.9977% | ~$1,668,376 | -3.8% |
| 2027 | ~$80,330,305 | ~$80,330,305 | ~1.9488% | ~$1,565,509 | -7.5% |
| 2028 | ~$77,265,756 | ~$77,265,756 | ~1.9000% | ~$1,468,062 | -11.0% |
| 2029 | ~$74,318,117 | ~$74,318,117 | ~1.8512% | ~$1,375,773 | -14.4% |
| 2030 | ~$71,482,929 | ~$71,482,929 | ~1.8024% | ~$1,288,388 | -17.7% |
In 2025, this property's market value of $86,828,866 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 61× 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 | $86,828,866 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $41,274,760 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $61,143,700 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $57,437,900 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $110,340,758 | $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.