402 W 7 ST TX 78701
| Owner | TEXAS CLASSROOM |
|---|---|
| Parcel ID | 0206011006 |
| Short ID | 194278 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 4,494 SF |
| Land SF | 12,561 SF |
| Acres | 0.288 |
| Year Built | 1900 |
| Legal | LOT 2 E 60 FT LOT 7 S 55 FT LESS W 5 FT OF BLOCK 080 ORIGINAL CITY PLUS VAC ALLEY |
| Neighborhood | 59CBD |
| Land | $2,512,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,512,200 |
| Improvement | $916,823 |
|---|---|
| Total Improvement | $916,823 |
| Market | $3,429,023 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,429,023 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,429,023 |
| Exemptions (−) (HT) | −$1,086,462 |
|---|---|
| Taxable Value | $2,342,561 |
Appreciation: Market value has risen +20.3% from $2,850,000 (2021) to $3,429,023 (2025), a CAGR of 4.7% over 4 years. This represents moderate, steady growth. 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 $47,940. Austin ISD is the largest single contributor, at 47.9% 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 73% of market value ($2,512,200 land vs $916,823 improvements), about $200/SF of land. With value concentrated in the land under a ~126-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $3,429,023, 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 +4.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,320,931 by 2030, with an estimated annual tax burden around $81,395. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,494 SF | ✗ |
| 1ST | 1st Floor | 2,235 SF | ✓ |
| 2ND | 2nd Floor | 1,938 SF | ✓ |
| ATTIC | Attic | 612 SF | ✓ |
| SO | Sketch Only | 612 SF | ✗ |
| FBSMT | Finished Basement | 321 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 210 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 161 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 161 SF | ✗ |
| 512C | DECK UNCOVRED COMM | 96 SF | ✗ |
| 251 | BATHROOM | 4 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% | $26,699.35 | $26,699.35 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,275.42 | $12,275.42 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,804.40 | $8,804.40 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,545.61 | $3,545.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,764.76 | $2,764.76 | Paid |
| P2U | — | — | — | — | — | — | $1,704.37 | $1,704.37 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $55,793.91 | $55,793.91 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,421,000 | $3,429,023 | -0.2% |
| Assessed Value | $3,421,000 | $3,429,023 | -0.2% |
| Land Value | $2,512,200 | $2,512,200 | +0.0% |
| Improvement Value | $908,800 | $916,823 | -0.9% |
| Taxable Value | $1,861,624 | $2,342,561 | -20.5% |
| Exemptions | HT | HT | |
| Total Tax 2026 = estimate |
~$38,098
Estimated
|
~$55,794
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,188,996 | $3,421,000 | -1,767,996 (-34.1%) |
| Taxable Value | $2,555,452 | $1,861,624 | -693,828 (-27.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,421,000 | $2,512,200 | $908,800 | — | $3,421,000 | $1,861,624 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,429,023 | $2,512,200 | $916,823 | — | $3,429,023 | $2,342,561 | ~$55,794 | Partial |
| 2024 | $3,100,000 | — | — | −$587,800 | $2,512,200 | $— | $55,557 | Verified |
| 2023 | $3,000,000 | — | — | −$1,115,850 | $1,884,150 | $— | $43,821 | Verified |
| 2022 | $3,332,903 | — | — | −$1,448,753 | $1,884,150 | $— | $46,567 | Verified |
| 2021 | $2,850,000 | — | — | −$965,850 | $1,884,150 | $— | $49,793 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +51.3% | +20.0% | 79.3% | Not available | Partial |
| 2025 | -19.5% | -7.8% | ~100% | Not available | Partial |
| 2024 | +31.1% | +14.5% | 87.3% | 1.3000% | Verified |
| 2023 | +7.4% | +7.4% | ~100% | 1.3500% | Verified |
| 2022 | -9.2% | -9.2% | ~100% | 1.5400% | Verified |
| 2021 | base year | — | ~100% | 1.7500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.2% | +4.1% | +4.8% | +16.9% | 2022 | -10.0% | 2023 |
| Assessment Ratio | 100.0% | 77.7% | — | 100.0% | 2025 | 56.5% | 2022 |
| Effective Tax Rate (2025) | 1.6300% | 1.6300% | — | 1.6300% | 2025 | 1.6300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$55,794 | $50,306 | ~$76,815 | $55,794 | 2025 | $43,821 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,591,301 | ~$3,591,301 | ~2.0139% | ~$72,327 | +4.7% |
| 2027 | ~$3,761,258 | ~$3,761,258 | ~1.9814% | ~$74,525 | +9.7% |
| 2028 | ~$3,939,259 | ~$3,939,259 | ~1.9488% | ~$76,770 | +14.9% |
| 2029 | ~$4,125,684 | ~$4,125,684 | ~1.9163% | ~$79,060 | +20.3% |
| 2030 | ~$4,320,931 | ~$4,320,931 | ~1.8837% | ~$81,395 | +26.0% |
| 2026 | ~$3,522,720 | ~$3,522,720 | ~2.0465% | ~$72,092 | +2.7% |
| 2027 | ~$3,618,978 | ~$3,618,978 | ~2.0465% | ~$74,062 | +5.5% |
| 2028 | ~$3,717,866 | ~$3,717,866 | ~2.0465% | ~$76,086 | +8.4% |
| 2029 | ~$3,819,456 | ~$3,819,456 | ~2.0465% | ~$78,165 | +11.4% |
| 2030 | ~$3,923,822 | ~$3,923,822 | ~2.0465% | ~$80,300 | +14.4% |
| 2026 | ~$3,659,881 | ~$3,659,881 | ~1.9977% | ~$73,112 | +6.7% |
| 2027 | ~$3,906,282 | ~$3,906,282 | ~1.9488% | ~$76,127 | +13.9% |
| 2028 | ~$4,169,272 | ~$4,169,272 | ~1.9000% | ~$79,217 | +21.6% |
| 2029 | ~$4,449,967 | ~$4,449,967 | ~1.8512% | ~$82,378 | +29.8% |
| 2030 | ~$4,749,560 | ~$4,749,560 | ~1.8024% | ~$85,605 | +38.5% |
In 2025, this property's market value of $3,429,023 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +142% 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 | $3,429,023 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,100,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $3,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $3,332,903 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $2,850,000 | $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.