306 W 2 ST TX 78701
| Owner | RHP BLOCK 21 LLC |
|---|---|
| Parcel ID | 0205011406 |
| Short ID | 798579 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 860 SF |
| Land SF | 80 SF |
| Acres | 0.002 |
| Year Built | 2010 |
| Legal | UNT COMM UNIT 2 BLOCK 21 MASTER CONDOMINIUMS PLUS .1049 % INT IN COM AREA |
| Neighborhood | 43CBD |
| Land | $18,065 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $18,065 |
| Improvement | $464,935 |
|---|---|
| Total Improvement | $464,935 |
| Market | $483,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $483,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $483,000 |
| Taxable Value | $483,000 |
|---|
Appreciation: Market value has fallen -5.0% from $508,348 (2021) to $483,000 (2025), a CAGR of -1.3% 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 $9,885. 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 4% of market value ($18,065 land vs $464,935 improvements), about $226/SF of land. Most value sits in the improvements, so building condition, age (~16 yrs), and rent roll drive the underwriting.
Submarket Position: At $483,000, 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 -1.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $453,085 by 2030, with an estimated annual tax burden around $8,535. 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 | 860 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% | $4,468.72 | $4,468.72 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,531.00 | $2,531.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,815.33 | $1,815.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $570.05 | $570.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $499.42 | $499.42 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,884.52 | $9,884.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $484,923 | $483,000 | +0.4% |
| Assessed Value | $484,923 | $483,000 | +0.4% |
| Land Value | $112,406 | $18,065 | +522.2% |
| Improvement Value | $372,517 | $464,935 | -19.9% |
| Taxable Value | $484,923 | $483,000 | +0.4% |
| Total Tax 2026 = estimate |
~$9,924
Estimated
|
~$9,885
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $494,257 | $484,923 | -9,334 (-1.9%) |
| Taxable Value | $494,257 | $484,923 | -9,334 (-1.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $484,923 | $112,406 | $372,517 | — | $484,923 | $484,923 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $483,000 | $18,065 | $464,935 | — | $483,000 | $483,000 | ~$9,885 | Partial |
| 2024 | $478,000 | — | — | −$459,935 | $18,065 | $— | $9,572 | Verified |
| 2023 | $475,000 | — | — | −$456,935 | $18,065 | $— | $8,648 | Verified |
| 2022 | $462,617 | — | — | −$444,552 | $18,065 | $— | $9,381 | Verified |
| 2021 | $508,348 | — | — | −$490,283 | $18,065 | $— | $10,070 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.3% | +2.3% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +1.0% | +1.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.6% | +0.6% | ~100% | 1.8100% | Verified |
| 2022 | +2.7% | +2.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.4% | -0.9% | -1.3% | +2.7% | 2023 | -9.0% | 2022 |
| Assessment Ratio | 100.0% | 35.9% | — | 100.0% | 2025 | 3.6% | 2021 |
| 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 |
$9,885 | $9,511 | ~$9,064 | $10,070 | 2021 | $8,648 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$476,863 | ~$476,863 | ~2.0139% | ~$9,604 | -1.3% |
| 2027 | ~$470,804 | ~$470,804 | ~1.9814% | ~$9,328 | -2.5% |
| 2028 | ~$464,822 | ~$464,822 | ~1.9488% | ~$9,059 | -3.8% |
| 2029 | ~$458,916 | ~$458,916 | ~1.9163% | ~$8,794 | -5.0% |
| 2030 | ~$453,085 | ~$453,085 | ~1.8837% | ~$8,535 | -6.2% |
| 2026 | ~$467,203 | ~$467,203 | ~2.0465% | ~$9,561 | -3.3% |
| 2027 | ~$451,923 | ~$451,923 | ~2.0465% | ~$9,249 | -6.4% |
| 2028 | ~$437,142 | ~$437,142 | ~2.0465% | ~$8,946 | -9.5% |
| 2029 | ~$422,845 | ~$422,845 | ~2.0465% | ~$8,653 | -12.5% |
| 2030 | ~$409,015 | ~$409,015 | ~2.0465% | ~$8,370 | -15.3% |
| 2026 | ~$486,523 | ~$486,523 | ~1.9977% | ~$9,719 | +0.7% |
| 2027 | ~$490,072 | ~$490,072 | ~1.9488% | ~$9,551 | +1.5% |
| 2028 | ~$493,646 | ~$493,646 | ~1.9000% | ~$9,379 | +2.2% |
| 2029 | ~$497,247 | ~$497,247 | ~1.8512% | ~$9,205 | +2.9% |
| 2030 | ~$500,874 | ~$500,874 | ~1.8024% | ~$9,028 | +3.7% |
In 2025, this property's market value of $483,000 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -66% 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 | $483,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $478,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $475,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $462,617 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $508,348 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.