506 TRINITY ST TX 78701
| Owner | HART MARGARET WOLF & |
|---|---|
| Parcel ID | 0206031615 |
| Short ID | 194498 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 9,847 SF |
| Land SF | 11,779 SF |
| Acres | 0.270 |
| Year Built | 1965 |
| Legal | LOT 5&6 BLOCK 058 ORIGINAL CITY |
| Neighborhood | 96EVNT |
| Land | $9,422,896 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,422,896 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $7,778,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,778,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$2,124,262 |
| Net Appraised (assessed) | $5,653,738 |
| Taxable Value | $5,653,738 |
|---|
Appreciation: Market value has risen +104.7% from $3,800,000 (2021) to $7,778,000 (2025), a CAGR of 19.6% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $115,703. Austin ISD is the largest single contributor, at 43.4% of the total 2025 levy.
Assessment Gap: Assessed value ($5,653,738) is $2,124,262 below market value, suggesting potential for an upward assessment in future years.
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 121% of market value ($9,422,896 land vs $0 improvements), about $800/SF of land. With value concentrated in the land under a ~61-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 $7,778,000, 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 +19.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $19,042,474 by 2030, with an estimated annual tax burden around $171,522. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 10,480 SF | ✗ |
| 1ST | 1st Floor | 9,847 SF | ✓ |
| 611 | TERRACE | 880 SF | ✗ |
| 501 | CANOPY | 32 SF | ✗ |
Market value changed by 115% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $52,308.38 | $52,308.38 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $29,626.55 | $29,626.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $21,249.29 | $21,249.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,672.71 | $6,672.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,845.97 | $5,845.97 | Paid |
| P2U | — | — | — | — | — | — | $4,767.21 | $4,767.21 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $120,470.11 | $120,470.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,778,000 | $7,778,000 | +0.0% |
| Assessed Value | $6,784,486 | $5,653,738 | +20.0% |
| Land Value | $14,134,344 | $9,422,896 | +50.0% |
| Improvement Value | — | — | — |
| Taxable Value | $6,784,486 | $5,653,738 | +20.0% |
| HS Cap Loss | -$993,514 | — | |
| Total Tax 2026 = estimate |
~$138,843
Estimated
|
~$120,470
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $14,885,044 | $7,778,000 | -7,107,044 (-47.7%) |
| Taxable Value | $6,784,486 | $6,784,486 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,778,000 | $14,134,344 | — | −$993,514 | $6,784,486 | $6,784,486 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,778,000 | $9,422,896 | — | −$2,124,262 | $5,653,738 | $5,653,738 | ~$120,470 | Partial |
| 2024 | $4,711,448 | — | — | — | $4,711,448 | $— | $97,268 | Verified |
| 2023 | $3,083,779 | — | — | — | $4,711,448 ! | $— | $89,137 | Verified |
| 2022 | $3,083,779 | — | — | — | $3,083,779 | $— | $63,486 | Verified |
| 2021 | $3,800,000 | — | — | −$819,089 | $2,980,911 | $— | $69,708 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +91.4% ! | +20.0% | 45.6% | Not available | Partial |
| 2025 | -23.2% | -44.2% | 72.7% | Not available | Partial |
| 2024 | +115.0% ! | +115.0% | ~100% | 0.9600% | Verified |
| 2023 | +52.8% | +52.8% | ~100% | 1.8900% | Verified |
| 2022 | -36.7% | -36.7% | ~100% | 2.0600% | Verified |
| 2021 | base year | — | ~100% | 1.8300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +59.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +19.8% | +19.6% | +65.1% | 2025 | -18.8% | 2022 |
| Assessment Ratio | 87.2% | 98.5% | — | 152.8% | 2023 | 72.7% | 2025 |
| Effective Tax Rate (2025) | 1.5500% | 1.5500% | — | 1.5500% | 2025 | 1.5500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$120,470 | $88,014 | ~$147,519 | $120,470 | 2025 | $63,486 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$9,303,343 | ~$6,219,112 | ~2.0139% | ~$125,249 | +19.6% |
| 2027 | ~$11,127,820 | ~$6,841,023 | ~1.9814% | ~$135,547 | +43.1% |
| 2028 | ~$13,310,096 | ~$7,525,125 | ~1.9488% | ~$146,653 | +71.1% |
| 2029 | ~$15,920,338 | ~$8,277,638 | ~1.9163% | ~$158,624 | +104.7% |
| 2030 | ~$19,042,474 | ~$9,105,402 | ~1.8837% | ~$171,522 | +144.8% |
| 2026 | ~$9,147,783 | ~$6,219,112 | ~2.0465% | ~$127,273 | +17.6% |
| 2027 | ~$10,758,798 | ~$6,841,023 | ~2.0465% | ~$140,001 | +38.3% |
| 2028 | ~$12,653,529 | ~$7,525,125 | ~2.0465% | ~$154,001 | +62.7% |
| 2029 | ~$14,881,941 | ~$8,277,638 | ~2.0465% | ~$169,401 | +91.3% |
| 2030 | ~$17,502,798 | ~$9,105,402 | ~2.0465% | ~$186,341 | +125.0% |
| 2026 | ~$9,458,903 | ~$6,219,112 | ~1.9977% | ~$124,237 | +21.6% |
| 2027 | ~$11,503,065 | ~$6,841,023 | ~1.9488% | ~$133,321 | +47.9% |
| 2028 | ~$13,988,992 | ~$7,525,125 | ~1.9000% | ~$142,979 | +79.9% |
| 2029 | ~$17,012,151 | ~$8,277,638 | ~1.8512% | ~$153,235 | +118.7% |
| 2030 | ~$20,688,646 | ~$9,105,402 | ~1.8024% | ~$164,113 | +166.0% |
In 2025, this property's market value of $7,778,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $7,778,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,711,448 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,083,779 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $3,083,779 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,800,000 | $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.