515 E 6 ST TX 78701
| Owner | BERNHARD GARY L & ELIZ |
|---|---|
| Parcel ID | 0206040508 |
| Short ID | 194571 |
| Type | Real |
| Use Code | 31 Night Club / Bar |
| Valuation | Income |
| Improvement SF | 1,208 SF |
| Land SF | 3,178 SF |
| Acres | 0.073 |
| Year Built | 1965 |
| Legal | W 24.83FT OF LOT 6 BLOCK 060 ORIGINAL CITY (TOTAL SQ FT 3178) |
| Neighborhood | 31CBD |
| Land | $889,840 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $889,840 |
| Improvement | $18,480 |
|---|---|
| Total Improvement | $18,480 |
| Market | $908,320 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $908,320 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $908,320 |
| Taxable Value | $908,320 |
|---|
Appreciation: Market value has risen +19.1% from $762,721 (2021) to $908,320 (2025), a CAGR of 4.5% over 4 years. This represents moderate, steady growth. 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 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 $18,589. Austin ISD is the largest single contributor, at 43.2% 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 98% of market value ($889,840 land vs $18,480 improvements), about $280/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 $908,320, this parcel sits in the lower-middle (25th–50th 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 +4.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,130,005 by 2030, with an estimated annual tax burden around $21,286. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,208 SF | ✓ |
| 501 | CANOPY | 192 SF | ✗ |
| 611 | TERRACE | 192 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% | $8,403.78 | $8,403.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,759.75 | $4,759.75 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,413.88 | $3,413.88 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,072.03 | $1,072.03 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $939.20 | $939.20 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| P2U | — | — | — | — | — | — | $377.70 | $377.70 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,466.34 | $19,466.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,026,494 | $908,320 | +13.0% |
| Assessed Value | $1,026,494 | $908,320 | +13.0% |
| Land Value | $1,271,200 | $889,840 | +42.9% |
| Improvement Value | — | $18,480 | — |
| Taxable Value | $1,026,494 | $908,320 | +13.0% |
| Total Tax 2026 = estimate |
~$21,007
Estimated
|
~$19,466
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,026,494 | $1,026,494 | +0 (+0.0%) |
| Taxable Value | $1,026,494 | $1,026,494 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,026,494 | $1,271,200 | — | — | $1,026,494 | $1,026,494 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $908,320 | $889,840 | $18,480 | — | $908,320 | $908,320 | ~$19,466 | Partial |
| 2024 | $801,543 | — | — | — | $889,840 ! | $— | $19,271 | Verified |
| 2023 | $790,246 | — | — | −$27,526 | $762,720 | $— | $15,281 | Verified |
| 2022 | $790,042 | — | — | −$27,322 | $762,720 | $— | $16,397 | Verified |
| 2021 | $762,721 | — | — | −$1 | $762,720 | $— | $17,987 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.0% | +13.0% | ~100% | Not available | Partial |
| 2025 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2024 | +15.7% | +15.7% | ~100% | 2.0800% | Verified |
| 2023 | +1.4% | +1.4% | ~100% | 1.9100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.3600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.0% | +6.3% | +2.1% | +13.3% | 2025 | +0.0% | 2023 |
| Assessment Ratio | 100.0% | 100.7% | — | 111.0% | 2024 | 96.5% | 2022 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,466 | $17,680 | ~$20,189 | $19,466 | 2025 | $15,281 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$948,871 | ~$948,871 | ~2.0139% | ~$19,110 | +4.5% |
| 2027 | ~$991,232 | ~$991,232 | ~1.9814% | ~$19,640 | +9.1% |
| 2028 | ~$1,035,485 | ~$1,035,485 | ~1.9488% | ~$20,180 | +14.0% |
| 2029 | ~$1,081,713 | ~$1,081,713 | ~1.9163% | ~$20,729 | +19.1% |
| 2030 | ~$1,130,005 | ~$1,130,005 | ~1.8837% | ~$21,286 | +24.4% |
| 2026 | ~$930,705 | ~$930,705 | ~2.0465% | ~$19,047 | +2.5% |
| 2027 | ~$953,641 | ~$953,641 | ~2.0465% | ~$19,516 | +5.0% |
| 2028 | ~$977,142 | ~$977,142 | ~2.0465% | ~$19,997 | +7.6% |
| 2029 | ~$1,001,223 | ~$1,001,223 | ~2.0465% | ~$20,490 | +10.2% |
| 2030 | ~$1,025,897 | ~$1,025,897 | ~2.0465% | ~$20,995 | +12.9% |
| 2026 | ~$967,037 | ~$967,037 | ~1.9977% | ~$19,318 | +6.5% |
| 2027 | ~$1,029,551 | ~$1,029,551 | ~1.9488% | ~$20,064 | +13.3% |
| 2028 | ~$1,096,105 | ~$1,096,105 | ~1.9000% | ~$20,826 | +20.7% |
| 2029 | ~$1,166,961 | ~$1,166,961 | ~1.8512% | ~$21,603 | +28.5% |
| 2030 | ~$1,242,398 | ~$1,242,398 | ~1.8024% | ~$22,393 | +36.8% |
In 2025, this property's market value of $908,320 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -36% below 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 | $908,320 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $801,543 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $790,246 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $790,042 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $762,721 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below median | 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.