98 SAN JACINTO BLVD C1 TX 78701
| Owner | WATER STREET COMMERCIAL LLC |
|---|---|
| Parcel ID | 0205022152 |
| Short ID | 811563 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 3,420 SF |
| Land SF | 667 SF |
| Acres | 0.015 |
| Year Built | 2010 |
| Legal | UNT C1 TOWN LAKE RESIDENCES CONDOMINIUM AMENDED PLUS 1.74 % INT IN COM AREA |
| Neighborhood | 43CBD |
| Land | $466,648 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $466,648 |
| Improvement | $1,315,202 |
|---|---|
| Total Improvement | $1,315,202 |
| Market | $1,781,850 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,781,850 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,781,850 |
| Taxable Value | $1,781,850 |
|---|
Appreciation: Market value has fallen -40.6% from $3,000,000 (2021) to $1,781,850 (2025), a CAGR of -12.2% over 4 years. Growth has been relatively flat for this asset class. 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 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 $36,465. Austin ISD is the largest single contributor, at 43.8% 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 26% of market value ($466,648 land vs $1,315,202 improvements), about $700/SF of land. Most value sits in the improvements, so building condition, age (~16 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,781,850, 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 -12.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $929,092 by 2030, with an estimated annual tax burden around $17,502. 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 | 3,420 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% | $16,485.68 | $16,485.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,337.20 | $9,337.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,696.99 | $6,696.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,102.99 | $2,102.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,842.43 | $1,842.43 | Paid |
| P2U | — | — | — | — | — | — | $1,185.71 | $1,185.71 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $37,651.00 | $37,651.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,495,705 | $1,781,850 | -16.1% |
| Assessed Value | $1,495,705 | $1,781,850 | -16.1% |
| Land Value | $933,296 | $466,648 | +100.0% |
| Improvement Value | $562,409 | $1,315,202 | -57.2% |
| Taxable Value | $1,495,705 | $1,781,850 | -16.1% |
| Total Tax 2026 = estimate |
~$30,609
Estimated
|
~$37,651
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,787,976 | $1,495,705 | -292,271 (-16.3%) |
| Taxable Value | $1,787,976 | $1,495,705 | -292,271 (-16.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,495,705 | $933,296 | $562,409 | — | $1,495,705 | $1,495,705 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,781,850 | $466,648 | $1,315,202 | — | $1,781,850 | $1,781,850 | ~$37,651 | Partial |
| 2024 | $1,942,423 | — | — | −$1,475,775 | $466,648 | $— | $36,318 | Verified |
| 2023 | $2,900,000 | — | — | −$2,433,352 | $466,648 | $— | $37,471 | Verified |
| 2022 | $2,885,000 | — | — | −$2,614,347 | $270,653 | $— | $59,673 | Verified |
| 2021 | $3,000,000 | — | — | −$2,729,347 | $270,653 | $— | $65,182 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2025 | +0.5% | +0.5% | ~100% | Not available | Partial |
| 2024 | -39.9% | -39.9% | ~100% | 2.0500% | Verified |
| 2023 | +1.7% | +1.7% | ~100% | 1.2700% | Verified |
| 2022 | +0.5% | +0.5% | ~100% | 2.0600% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -38.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -16.1% | -12.1% | -8.9% | +0.5% | 2023 | -33.0% | 2024 |
| Assessment Ratio | 100.0% | 43.1% | — | 100.0% | 2025 | 9.0% | 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 |
$37,651 | $47,259 | ~$23,998 | $65,182 | 2021 | $36,318 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,564,259 | ~$1,564,259 | ~2.0139% | ~$31,503 | -12.2% |
| 2027 | ~$1,373,239 | ~$1,373,239 | ~1.9814% | ~$27,209 | -22.9% |
| 2028 | ~$1,205,545 | ~$1,205,545 | ~1.9488% | ~$23,494 | -32.3% |
| 2029 | ~$1,058,330 | ~$1,058,330 | ~1.9163% | ~$20,281 | -40.6% |
| 2030 | ~$929,092 | ~$929,092 | ~1.8837% | ~$17,502 | -47.9% |
| 2026 | ~$1,692,758 | ~$1,692,758 | ~2.0465% | ~$34,642 | -5.0% |
| 2027 | ~$1,608,120 | ~$1,608,120 | ~2.0465% | ~$32,910 | -9.7% |
| 2028 | ~$1,527,714 | ~$1,527,714 | ~2.0465% | ~$31,264 | -14.3% |
| 2029 | ~$1,451,328 | ~$1,451,328 | ~2.0465% | ~$29,701 | -18.5% |
| 2030 | ~$1,378,762 | ~$1,378,762 | ~2.0465% | ~$28,216 | -22.6% |
| 2026 | ~$1,599,896 | ~$1,599,896 | ~1.9977% | ~$31,961 | -10.2% |
| 2027 | ~$1,436,522 | ~$1,436,522 | ~1.9488% | ~$27,996 | -19.4% |
| 2028 | ~$1,289,831 | ~$1,289,831 | ~1.9000% | ~$24,507 | -27.6% |
| 2029 | ~$1,158,120 | ~$1,158,120 | ~1.8512% | ~$21,439 | -35.0% |
| 2030 | ~$1,039,858 | ~$1,039,858 | ~1.8024% | ~$18,742 | -41.6% |
In 2025, this property's market value of $1,781,850 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +26% 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 | $1,781,850 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,942,423 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,900,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,885,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $3,000,000 | $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.