304 E CESAR CHAVEZ ST TX 78702
| Owner | SOUTH 1/2 BLOCK 8 VENTURE |
|---|---|
| Parcel ID | 0205021408 |
| Short ID | 192861 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 93,639 SF |
| Land SF | 35,328 SF |
| Acres | 0.811 |
| Year Built | 2019 |
| Legal | LOT 1 - 6 BLOCK 008 ORIGINAL CITY |
| Neighborhood | 34CBD |
| Land | $45,926,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $45,926,400 |
| Improvement | $209,408,364 |
|---|---|
| Total Improvement | $209,408,364 |
| Market | $255,334,764 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $255,334,764 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $255,334,764 |
| Taxable Value | $255,334,764 |
|---|
Appreciation: Market value has risen +279.7% from $67,241,677 (2021) to $255,334,764 (2025), a CAGR of 39.6% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $5,225,388. Austin ISD is the largest single contributor, at 43.3% 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 18% of market value ($45,926,400 land vs $209,408,364 improvements), about $1,300/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $255,334,764, 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 +39.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,353,471,806 by 2030, with an estimated annual tax burden around $7,746,311. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 379,790 SF | ✓ |
| 3RD | 3rd Floor | 36,408 SF | ✓ |
| 5TH | 5th Floor | 36,408 SF | ✓ |
| 2ND | 2nd Floor | 34,990 SF | ✓ |
| 4TH | 4th Floor | 24,080 SF | ✓ |
| 1ST | 1st Floor | 22,241 SF | ✓ |
| 187 | PARKING GARAGE | 20,514 SF | ✓ |
| 551 | PAVED AREA | 9,300 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% | $2,362,357.24 | $2,362,357.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,337,997.57 | $1,337,997.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $959,662.94 | $959,662.94 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $301,353.75 | $301,353.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $264,016.15 | $264,016.15 | Paid |
| P2U | — | — | — | — | — | — | $235,722.16 | $235,722.16 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $5,461,109.81 | $5,461,109.81 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $256,398,225 | $255,334,764 | +0.4% |
| Assessed Value | $256,398,225 | $255,334,764 | +0.4% |
| Land Value | $42,393,600 | $45,926,400 | -7.7% |
| Improvement Value | $214,004,625 | $209,408,364 | +2.2% |
| Taxable Value | $256,398,225 | $255,334,764 | +0.4% |
| Total Tax 2026 = estimate |
~$5,247,151
Estimated
|
~$5,461,110
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $256,398,225 | $256,398,225 | +0 (+0.0%) |
| Taxable Value | $256,398,225 | $256,398,225 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $256,398,225 | $42,393,600 | $214,004,625 | — | $256,398,225 | $256,398,225 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $255,334,764 | $45,926,400 | $209,408,364 | — | $255,334,764 | $255,334,764 | ~$5,461,110 | Partial |
| 2024 | $172,500,000 | — | — | — | — | $— | $4,869,713 | Verified |
| 2023 | $160,000,000 | — | — | — | — | $— | $3,292,376 | Verified |
| 2022 | $158,060,000 | — | — | — | — | $— | $3,328,536 | Verified |
| 2021 | $67,241,677 | — | — | −$44,278,477 | $22,963,200 | $— | $3,401,247 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2025 | +8.8% | +8.8% | ~100% | Not available | Partial |
| 2024 | +26.9% | +26.9% | ~100% | 2.0700% | Verified |
| 2023 | +9.3% | +9.3% | ~100% | 1.7800% | Verified |
| 2022 | +7.1% | +7.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 5.0600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +61.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.4% | +38.5% | +39.5% | +135.1% | 2022 | +0.4% | 2026 |
| Assessment Ratio | 100.0% | 78.1% | — | 100.0% | 2025 | 34.2% | 2021 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$5,461,110 | $4,070,596 | ~$6,662,268 | $5,461,110 | 2025 | $3,292,376 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$356,432,914 | ~$280,868,240 | ~2.0139% | ~$5,656,508 | +39.6% |
| 2027 | ~$497,560,224 | ~$308,955,064 | ~1.9814% | ~$6,121,599 | +94.9% |
| 2028 | ~$694,565,980 | ~$339,850,571 | ~1.9488% | ~$6,623,142 | +172.0% |
| 2029 | ~$969,574,892 | ~$373,835,628 | ~1.9163% | ~$7,163,778 | +279.7% |
| 2030 | ~$1,353,471,806 | ~$411,219,191 | ~1.8837% | ~$7,746,311 | +430.1% |
| 2026 | ~$351,326,219 | ~$280,868,240 | ~2.0465% | ~$5,747,926 | +37.6% |
| 2027 | ~$483,405,041 | ~$308,955,064 | ~2.0465% | ~$6,322,719 | +89.3% |
| 2028 | ~$665,138,043 | ~$339,850,571 | ~2.0465% | ~$6,954,991 | +160.5% |
| 2029 | ~$915,192,393 | ~$373,835,628 | ~2.0465% | ~$7,650,490 | +258.4% |
| 2030 | ~$1,259,253,060 | ~$411,219,191 | ~2.0465% | ~$8,415,539 | +393.2% |
| 2026 | ~$361,539,609 | ~$280,868,240 | ~1.9977% | ~$5,610,799 | +41.6% |
| 2027 | ~$511,919,674 | ~$308,955,064 | ~1.9488% | ~$6,021,038 | +100.5% |
| 2028 | ~$724,849,355 | ~$339,850,571 | ~1.9000% | ~$6,457,218 | +183.9% |
| 2029 | ~$1,026,345,761 | ~$373,835,628 | ~1.8512% | ~$6,920,423 | +302.0% |
| 2030 | ~$1,453,247,650 | ~$411,219,191 | ~1.8024% | ~$7,411,696 | +469.2% |
In 2025, this property's market value of $255,334,764 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 180× 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 | $255,334,764 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $172,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $160,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $158,060,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $67,241,677 | $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.