318 E 5 ST TX 78701
| Owner | 318 FIFTH L P |
|---|---|
| Parcel ID | 0206031618 |
| Short ID | 459576 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 4,490 SF |
| Acres | 0.103 |
| Year Built | — |
| Legal | 4490 SQ FT OF LOT 4 BLOCK 058 ORIGINAL CITY |
| Neighborhood | 1CBDC |
| Land | $2,729,920 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,729,920 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,364,960 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,364,960 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,364,960 |
| Taxable Value | $1,364,960 |
|---|
Appreciation: Market value has risen +42.9% from $955,472 (2021) to $1,364,960 (2025), a CAGR of 9.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant 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 $27,934. Austin ISD is the largest single contributor, at 44.0% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 200% of market value ($2,729,920 land vs $0 improvements), about $608/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,364,960, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +9.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,131,804 by 2030, with an estimated annual tax burden around $40,158. 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.
Market value changed by 163% in 2026, 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% | $11,102.40 | $11,102.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,288.20 | $6,288.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,510.14 | $4,510.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,416.28 | $1,416.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,240.80 | $1,240.80 | Paid |
| P2U | — | — | — | — | — | — | $647.50 | $647.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $25,205.32 | $25,205.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,183,000 | $1,364,960 | +59.9% |
| Assessed Value | $1,440,000 | $1,364,960 | +5.5% |
| Land Value | $3,592,000 | $2,729,920 | +31.6% |
| Improvement Value | — | — | — |
| Taxable Value | $1,440,000 | $1,364,960 | +5.5% |
| HS Cap Loss | -$743,000 | — | |
| Total Tax 2026 = estimate |
~$29,469
Estimated
|
~$25,205
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,592,000 | $2,183,000 | -1,409,000 (-39.2%) |
| Taxable Value | $1,440,000 | $1,440,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,183,000 | $3,592,000 | — | −$743,000 | $1,440,000 | $1,440,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,364,960 | $2,729,920 | — | — | $1,364,960 | $1,364,960 | ~$25,205 | Partial |
| 2024 | $— | — | — | — | $1,364,960 | $— | $24,541 | Verified |
| 2023 | $— | — | — | — | $1,091,968 | $— | $20,304 | Verified |
| 2022 | $— | — | — | — | $1,364,960 | $— | $20,974 | Verified |
| 2021 | $955,472 | — | — | — | $955,472 | $— | $21,253 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +163.2% ! | +5.5% | 40.1% | Not available | Partial |
| 2025 | +0.0% | +4.2% | ~100% | Not available | Partial |
| 2024 | +25.0% | +20.0% | 96.0% | 1.8000% | Verified |
| 2023 | -20.0% | -20.0% | ~100% | 1.8600% | Verified |
| 2022 | +42.9% | +42.9% | ~100% | 1.5400% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +42.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +59.9% | +51.4% | +1.1% | +59.9% | 2026 | +42.9% | 2025 |
| Assessment Ratio | 66.0% | 88.7% | — | 100.0% | 2021 | 66.0% | 2026 |
| Effective Tax Rate (2025) | 1.8500% | 1.8500% | — | 1.8500% | 2025 | 1.8500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$25,205 | $23,229 | ~$34,932 | $25,205 | 2025 | $21,253 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,492,263 | ~$1,492,263 | ~2.0139% | ~$30,053 | +9.3% |
| 2027 | ~$1,631,439 | ~$1,631,439 | ~1.9814% | ~$32,325 | +19.5% |
| 2028 | ~$1,783,596 | ~$1,783,596 | ~1.9488% | ~$34,759 | +30.7% |
| 2029 | ~$1,949,943 | ~$1,949,943 | ~1.9163% | ~$37,367 | +42.9% |
| 2030 | ~$2,131,804 | ~$2,131,804 | ~1.8837% | ~$40,158 | +56.2% |
| 2026 | ~$1,464,964 | ~$1,464,964 | ~2.0465% | ~$29,980 | +7.3% |
| 2027 | ~$1,572,295 | ~$1,572,295 | ~2.0465% | ~$32,177 | +15.2% |
| 2028 | ~$1,687,489 | ~$1,687,489 | ~2.0465% | ~$34,534 | +23.6% |
| 2029 | ~$1,811,123 | ~$1,811,123 | ~2.0465% | ~$37,064 | +32.7% |
| 2030 | ~$1,943,815 | ~$1,943,815 | ~2.0465% | ~$39,780 | +42.4% |
| 2026 | ~$1,519,562 | ~$1,519,562 | ~1.9977% | ~$30,356 | +11.3% |
| 2027 | ~$1,691,676 | ~$1,691,676 | ~1.9488% | ~$32,968 | +23.9% |
| 2028 | ~$1,883,284 | ~$1,883,284 | ~1.9000% | ~$35,783 | +38.0% |
| 2029 | ~$2,096,594 | ~$2,096,594 | ~1.8512% | ~$38,812 | +53.6% |
| 2030 | ~$2,334,065 | ~$2,334,065 | ~1.8024% | ~$42,069 | +71.0% |
In 2025, this property's market value of $1,364,960 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 16× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $1,364,960 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $955,472 | $6,000 | $14,480 | $80,000 | ↑ 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.