221 W 6 ST TX 78701
| Owner | 221 W 6TH STREET TX OWNER LLC |
|---|---|
| Parcel ID | 0206011820 |
| Short ID | 194327 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 65,289 SF |
| Land SF | 76,488 SF |
| Acres | 1.756 |
| Year Built | 1972 |
| Legal | LOT 1-12 BLOCK 054 ORIGINAL CITY PLUS VAC ALLEY & PT VAC ROW (TOTAL SQ FT 76488) |
| Neighborhood | 50CBD |
| Land | $79,547,520 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $79,547,520 |
| Improvement | $71,726,752 |
|---|---|
| Total Improvement | $71,726,752 |
| Market | $151,274,272 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $151,274,272 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $151,274,272 |
| Taxable Value | $151,274,272 |
|---|
Appreciation: Market value has fallen -36.9% from $239,649,453 (2021) to $151,274,272 (2025), a CAGR of -10.9% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $3,095,805. 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 53% of market value ($79,547,520 land vs $71,726,752 improvements), about $1,040/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $151,274,272, 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 -10.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $85,113,972 by 2030, with an estimated annual tax burden around $1,603,328. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 627,511 SF | ✗ |
| 491 | SPRINKLER HEADS | 451,150 SF | ✗ |
| ADDL | Additional Floor | 353,287 SF | ✓ |
| 187 | PARKING GARAGE | 251,704 SF | ✓ |
| 2ND | 2nd Floor | 35,548 SF | ✓ |
| LOBBY | Lobby | 32,574 SF | ✓ |
| FBSMT | Finished Basement | 29,741 SF | ✓ |
| UBSMT | Unfinished Basement | 8,188 SF | ✓ |
| 335 | PENTHOUSE | 2,278 SF | ✓ |
| 501 | CANOPY | 1,575 SF | ✗ |
| 309 | COURTYARD FV | 1 SF | ✗ |
| MISC | Miscellaneous | 1 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% | $1,341,540.00 | $1,341,540.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $759,824.65 | $759,824.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $544,975.25 | $544,975.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $171,133.35 | $171,133.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $149,930.00 | $149,930.00 | Paid |
| P2U | — | — | — | — | — | — | $133,662.50 | $133,662.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,101,065.75 | $3,101,065.75 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $148,601,100 | $151,274,272 | -1.8% |
| Assessed Value | $148,601,100 | $151,274,272 | -1.8% |
| Land Value | $91,785,600 | $79,547,520 | +15.4% |
| Improvement Value | $56,815,500 | $71,726,752 | -20.8% |
| Taxable Value | $148,601,100 | $151,274,272 | -1.8% |
| Total Tax 2026 = estimate |
~$3,041,099
Estimated
|
~$3,101,066
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $169,592,269 | $148,601,100 | -20,991,169 (-12.4%) |
| Taxable Value | $169,592,269 | $148,601,100 | -20,991,169 (-12.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $148,601,100 | $91,785,600 | $56,815,500 | — | $148,601,100 | $148,601,100 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $151,274,272 | $79,547,520 | $71,726,752 | — | $151,274,272 | $151,274,272 | ~$3,101,066 | Partial |
| 2024 | $236,214,039 | — | — | −$156,666,519 | $79,547,520 | $— | $3,441,074 | Verified |
| 2023 | $243,439,300 | — | — | −$191,236,240 | $52,203,060 | $— | $3,928,896 | Verified |
| 2022 | $237,300,183 | — | — | −$185,097,123 | $52,203,060 | $— | $4,648,429 | Verified |
| 2021 | $239,649,453 | — | — | −$187,446,393 | $52,203,060 | $— | $4,982,887 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.1% | +12.1% | ~100% | Not available | Partial |
| 2025 | -13.4% | -13.4% | ~100% | Not available | Partial |
| 2024 | -26.0% | -26.0% | ~100% | 1.9700% | Verified |
| 2023 | -3.0% | -3.0% | ~100% | 1.6600% | Verified |
| 2022 | +2.6% | +2.6% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.0800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -36.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.8% | -7.8% | -10.5% | +2.6% | 2023 | -36.0% | 2025 |
| Assessment Ratio | 100.0% | 49.8% | — | 100.0% | 2025 | 21.4% | 2023 |
| 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 |
$3,101,066 | $4,020,470 | ~$2,123,576 | $4,982,887 | 2021 | $3,101,066 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$134,837,977 | ~$134,837,977 | ~2.0139% | ~$2,715,551 | -10.9% |
| 2027 | ~$120,187,523 | ~$120,187,523 | ~1.9814% | ~$2,381,381 | -20.5% |
| 2028 | ~$107,128,875 | ~$107,128,875 | ~1.9488% | ~$2,087,770 | -29.2% |
| 2029 | ~$95,489,078 | ~$95,489,078 | ~1.9163% | ~$1,829,849 | -36.9% |
| 2030 | ~$85,113,972 | ~$85,113,972 | ~1.8837% | ~$1,603,328 | -43.7% |
| 2026 | ~$143,710,558 | ~$143,710,558 | ~2.0465% | ~$2,941,015 | -5.0% |
| 2027 | ~$136,525,030 | ~$136,525,030 | ~2.0465% | ~$2,793,964 | -9.8% |
| 2028 | ~$129,698,779 | ~$129,698,779 | ~2.0465% | ~$2,654,266 | -14.3% |
| 2029 | ~$123,213,840 | ~$123,213,840 | ~2.0465% | ~$2,521,553 | -18.5% |
| 2030 | ~$117,053,148 | ~$117,053,148 | ~2.0465% | ~$2,395,475 | -22.6% |
| 2026 | ~$137,863,463 | ~$137,863,463 | ~1.9977% | ~$2,754,046 | -8.9% |
| 2027 | ~$125,641,552 | ~$125,641,552 | ~1.9488% | ~$2,448,552 | -16.9% |
| 2028 | ~$114,503,142 | ~$114,503,142 | ~1.9000% | ~$2,175,579 | -24.3% |
| 2029 | ~$104,352,177 | ~$104,352,177 | ~1.8512% | ~$1,931,761 | -31.0% |
| 2030 | ~$95,101,119 | ~$95,101,119 | ~1.8024% | ~$1,714,075 | -37.1% |
In 2025, this property's market value of $151,274,272 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 107× 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 | $151,274,272 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $236,214,039 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $243,439,300 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $237,300,183 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $239,649,453 | $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.