301 W 3 ST TX 78701
| Owner | RHP BLOCK 21 LLC |
|---|---|
| Parcel ID | 0205011405 |
| Short ID | 798578 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 2,552 SF |
| Land SF | 238 SF |
| Acres | 0.005 |
| Year Built | 2010 |
| Legal | UNT COMM UNIT 1 BLOCK 21 MASTER CONDOMINIUMS PLUS .3114 % INT IN COM AREA |
| Neighborhood | 43CBD |
| Land | $53,624 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $53,624 |
| Improvement | $1,416,376 |
|---|---|
| Total Improvement | $1,416,376 |
| Market | $1,470,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,470,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,470,000 |
| Taxable Value | $1,470,000 |
|---|
Appreciation: Market value has fallen -3.4% from $1,522,000 (2021) to $1,470,000 (2025), a CAGR of -0.9% 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 $30,083. Austin ISD is the largest single contributor, at 43.9% 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 4% of market value ($53,624 land vs $1,416,376 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age (~16 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,470,000, this parcel sits in the upper-middle (50th–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 -0.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,407,491 by 2030, with an estimated annual tax burden around $26,514. 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 | 2,552 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% | $13,600.44 | $13,600.44 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,703.05 | $7,703.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,524.92 | $5,524.92 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,734.94 | $1,734.94 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,519.98 | $1,519.98 | Paid |
| P2U | — | — | — | — | — | — | $897.25 | $897.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,980.58 | $30,980.58 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,499,455 | $1,470,000 | +2.0% |
| Assessed Value | $1,499,455 | $1,470,000 | +2.0% |
| Land Value | $333,662 | $53,624 | +522.2% |
| Improvement Value | $1,165,793 | $1,416,376 | -17.7% |
| Taxable Value | $1,499,455 | $1,470,000 | +2.0% |
| Total Tax 2026 = estimate |
~$30,686
Estimated
|
~$30,981
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,516,752 | $1,499,455 | -17,297 (-1.1%) |
| Taxable Value | $1,516,752 | $1,499,455 | -17,297 (-1.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,499,455 | $333,662 | $1,165,793 | — | $1,499,455 | $1,499,455 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,470,000 | $53,624 | $1,416,376 | — | $1,470,000 | $1,470,000 | ~$30,981 | Partial |
| 2024 | $1,447,000 | — | — | −$1,393,376 | $53,624 | $— | $30,279 | Verified |
| 2023 | $1,406,266 | — | — | −$1,352,642 | $53,624 | $— | $27,056 | Verified |
| 2022 | $1,351,183 | — | — | −$1,297,559 | $53,624 | $— | $28,679 | Verified |
| 2021 | $1,522,000 | — | — | −$1,468,376 | $53,624 | $— | $30,262 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.2% | +3.2% | ~100% | Not available | Partial |
| 2025 | -0.8% | -0.8% | ~100% | Not available | Partial |
| 2024 | +2.4% | +2.4% | ~100% | 2.0400% | Verified |
| 2023 | +2.9% | +2.9% | ~100% | 1.8700% | Verified |
| 2022 | +4.1% | +4.1% | ~100% | 2.0400% | Verified |
| 2021 | base year | — | ~100% | 1.9900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.0% | -0.1% | -1.3% | +4.1% | 2023 | -11.2% | 2022 |
| Assessment Ratio | 100.0% | 35.8% | — | 100.0% | 2025 | 3.5% | 2021 |
| Effective Tax Rate (2025) | 2.1100% | 2.1100% | — | 2.1100% | 2025 | 2.1100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$30,981 | $29,451 | ~$27,921 | $30,981 | 2025 | $27,056 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,457,280 | ~$1,457,280 | ~2.0139% | ~$29,349 | -0.9% |
| 2027 | ~$1,444,670 | ~$1,444,670 | ~1.9814% | ~$28,625 | -1.7% |
| 2028 | ~$1,432,169 | ~$1,432,169 | ~1.9488% | ~$27,911 | -2.6% |
| 2029 | ~$1,419,777 | ~$1,419,777 | ~1.9163% | ~$27,207 | -3.4% |
| 2030 | ~$1,407,491 | ~$1,407,491 | ~1.8837% | ~$26,514 | -4.3% |
| 2026 | ~$1,427,880 | ~$1,427,880 | ~2.0465% | ~$29,221 | -2.9% |
| 2027 | ~$1,386,967 | ~$1,386,967 | ~2.0465% | ~$28,384 | -5.6% |
| 2028 | ~$1,347,226 | ~$1,347,226 | ~2.0465% | ~$27,571 | -8.4% |
| 2029 | ~$1,308,624 | ~$1,308,624 | ~2.0465% | ~$26,781 | -11.0% |
| 2030 | ~$1,271,128 | ~$1,271,128 | ~2.0465% | ~$26,013 | -13.5% |
| 2026 | ~$1,486,680 | ~$1,486,680 | ~1.9977% | ~$29,699 | +1.1% |
| 2027 | ~$1,503,549 | ~$1,503,549 | ~1.9488% | ~$29,302 | +2.3% |
| 2028 | ~$1,520,610 | ~$1,520,610 | ~1.9000% | ~$28,892 | +3.4% |
| 2029 | ~$1,537,864 | ~$1,537,864 | ~1.8512% | ~$28,469 | +4.6% |
| 2030 | ~$1,555,314 | ~$1,555,314 | ~1.8024% | ~$28,033 | +5.8% |
In 2025, this property's market value of $1,470,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +4% 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 | $1,470,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,447,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,406,266 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,351,183 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,522,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.