501 BRAZOS ST PARKING 78701
| Owner | 5TH & BRAZOS PROPERTY OWNER LLC |
|---|---|
| Parcel ID | 0206032704 |
| Short ID | 958917 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 5,465 SF |
| Acres | 0.125 |
| Year Built | — |
| Legal | 5TH & BRAZOS CONDOMINIUM UNT PARKING UNIT 15.44%INT IN COMMON AREA |
| Neighborhood | CBD |
| Land | $2,732,300 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,732,300 |
| Improvement | $6,834,100 |
|---|---|
| Total Improvement | $6,834,100 |
| Market | $9,566,400 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,566,400 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,566,400 |
| Taxable Value | $9,566,400 |
|---|
Appreciation: Market value has fallen +0.0% from $9,566,400 (2023) to $9,566,400 (2025), a CAGR of 0.0% over 2 years. Growth has been relatively flat for this asset class. Over the same span, the median Commercial parcel countywide rose +0.2%, 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 $195,775. Austin ISD is the largest single contributor, at 43.4% 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 29% of market value ($2,732,300 land vs $6,834,100 improvements), about $500/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $9,566,400, 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 +0.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,566,400 by 2030, with an estimated annual tax burden around $180,206. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 130,000 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% | $88,508.33 | $88,508.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $50,129.56 | $50,129.56 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $35,954.84 | $35,954.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,290.55 | $11,290.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $9,891.66 | $9,891.66 | Paid |
| P2U | — | — | — | — | — | — | $8,386.42 | $8,386.42 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $204,161.36 | $204,161.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,566,400 | $9,566,400 | +0.0% |
| Assessed Value | $9,566,400 | $9,566,400 | +0.0% |
| Land Value | $7,650,440 | $2,732,300 | +180.0% |
| Improvement Value | $1,915,960 | $6,834,100 | -72.0% |
| Taxable Value | $9,566,400 | $9,566,400 | +0.0% |
| Total Tax 2026 = estimate |
~$195,775
Estimated
|
~$204,161
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $14,484,540 | $9,566,400 | -4,918,140 (-34.0%) |
| Taxable Value | $14,484,540 | $9,566,400 | -4,918,140 (-34.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,566,400 | $7,650,440 | $1,915,960 | — | $9,566,400 | $9,566,400 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $9,566,400 | $2,732,300 | $6,834,100 | — | $9,566,400 | $9,566,400 | ~$204,161 | Partial |
| 2024 | $9,566,400 | — | — | −$6,834,100 | $2,732,300 | $— | $197,975 | Verified |
| 2023 | $9,566,400 | — | — | −$6,834,100 | $2,732,300 | $— | $181,466 | Verified |
| 2022 | $— | — | — | — | $2,732,300 | $— | $197,995 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +51.4% | +51.4% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 2.0700% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.9000% | Verified |
| 2022 | base year | — | ~100% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +0.0% | +0.0% | +0.0% | 2024 | +0.0% | 2024 |
| Assessment Ratio | 100.0% | 64.3% | — | 100.0% | 2025 | 28.6% | 2023 |
| Effective Tax Rate (2025) | 2.1300% | 2.1300% | — | 2.1300% | 2025 | 2.1300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$204,161 | $194,534 | ~$186,434 | $204,161 | 2025 | $181,466 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$9,566,400 | ~$9,566,400 | ~2.0139% | ~$192,661 | +0.0% |
| 2027 | ~$9,566,400 | ~$9,566,400 | ~1.9814% | ~$189,548 | +0.0% |
| 2028 | ~$9,566,400 | ~$9,566,400 | ~1.9488% | ~$186,434 | +0.0% |
| 2029 | ~$9,566,400 | ~$9,566,400 | ~1.9163% | ~$183,320 | +0.0% |
| 2030 | ~$9,566,400 | ~$9,566,400 | ~1.8837% | ~$180,206 | +0.0% |
| 2026 | ~$9,375,072 | ~$9,375,072 | ~2.0465% | ~$191,859 | -2.0% |
| 2027 | ~$9,187,571 | ~$9,187,571 | ~2.0465% | ~$188,022 | -4.0% |
| 2028 | ~$9,003,819 | ~$9,003,819 | ~2.0465% | ~$184,262 | -5.9% |
| 2029 | ~$8,823,743 | ~$8,823,743 | ~2.0465% | ~$180,577 | -7.8% |
| 2030 | ~$8,647,268 | ~$8,647,268 | ~2.0465% | ~$176,965 | -9.6% |
| 2026 | ~$9,757,728 | ~$9,757,728 | ~1.9977% | ~$194,926 | +2.0% |
| 2027 | ~$9,952,883 | ~$9,952,883 | ~1.9488% | ~$193,966 | +4.0% |
| 2028 | ~$10,151,940 | ~$10,151,940 | ~1.9000% | ~$192,889 | +6.1% |
| 2029 | ~$10,354,979 | ~$10,354,979 | ~1.8512% | ~$191,691 | +8.2% |
| 2030 | ~$10,562,079 | ~$10,562,079 | ~1.8024% | ~$190,368 | +10.4% |
In 2025, this property's market value of $9,566,400 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $9,566,400 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $9,566,400 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $9,566,400 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
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.