621 E 7 ST TX 78701
| Owner | 621 E 7TH LTD |
|---|---|
| Parcel ID | 0206041109 |
| Short ID | 194625 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,161 SF |
| Land SF | 3,520 SF |
| Acres | 0.081 |
| Year Built | 1965 |
| Legal | E 27.5FT OF LOT 5 BLOCK 064 ORIGINAL CITY |
| Neighborhood | 32CBD |
| Land | $1,232,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,232,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $947,476 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $947,476 |
| Value Limitation Adjustment (−) (homestead cap) | −$988 |
| Net Appraised (assessed) | $946,488 |
| Taxable Value | $946,488 |
|---|
Appreciation: Market value has risen +32.7% from $713,962 (2021) to $947,476 (2025), a CAGR of 7.3% over 4 years. This represents moderate, steady growth. 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 $19,370. Austin ISD is the largest single contributor, at 44.3% 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 130% of market value ($1,232,000 land vs $0 improvements), about $350/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 $947,476, 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 +7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,349,536 by 2030, with an estimated annual tax burden around $25,422. 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 | 1,161 SF | ✓ |
| 511 | DECK | 378 SF | ✗ |
| 501 | CANOPY | 27 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% | $8,756.91 | $8,756.91 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,959.76 | $4,959.76 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,557.33 | $3,557.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,117.07 | $1,117.07 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $978.67 | $978.67 | Paid |
| P2U | — | — | — | — | — | — | $413.00 | $413.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,782.74 | $19,782.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $860,063 | $947,476 | -9.2% |
| Assessed Value | $860,063 | $946,488 | -9.1% |
| Land Value | $880,000 | $1,232,000 | -28.6% |
| Improvement Value | — | — | — |
| Taxable Value | $860,063 | $946,488 | -9.1% |
| Total Tax 2026 = estimate |
~$17,601
Estimated
|
~$19,783
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $905,329 | $860,063 | -45,266 (-5.0%) |
| Taxable Value | $905,329 | $860,063 | -45,266 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $860,063 | $880,000 | — | — | $860,063 | $860,063 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $947,476 | $1,232,000 | — | −$988 | $946,488 | $946,488 | ~$19,783 | Partial |
| 2024 | $657,283 | — | — | — | $947,679 ! | $— | $15,898 | Verified |
| 2023 | $633,600 | — | — | −$158,400 | $475,200 | $— | $12,037 | Verified |
| 2022 | $627,109 | — | — | −$151,909 | $475,200 | $— | $12,647 | Verified |
| 2021 | $713,962 | — | — | −$238,762 | $475,200 | $— | $13,777 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.4% | -4.3% | ~100% | Not available | Partial |
| 2025 | -0.0% | +20.0% | ~100% | Not available | Partial |
| 2024 | +32.8% | +10.5% | 83.2% | 1.6800% | Verified |
| 2023 | +11.5% | +11.5% | ~100% | 1.6900% | Verified |
| 2022 | +2.1% | +2.1% | ~100% | 1.9800% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +51.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.2% | +5.5% | +9.5% | +44.2% | 2025 | -12.2% | 2022 |
| Assessment Ratio | 100.0% | 93.6% | — | 144.2% | 2024 | 66.6% | 2021 |
| Effective Tax Rate (2025) | 2.0900% | 2.0900% | — | 2.0900% | 2025 | 2.0900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,783 | $14,829 | ~$22,891 | $19,783 | 2025 | $12,037 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,016,931 | ~$1,016,931 | ~2.0139% | ~$20,480 | +7.3% |
| 2027 | ~$1,091,477 | ~$1,091,477 | ~1.9814% | ~$21,626 | +15.2% |
| 2028 | ~$1,171,489 | ~$1,171,489 | ~1.9488% | ~$22,830 | +23.6% |
| 2029 | ~$1,257,365 | ~$1,257,365 | ~1.9163% | ~$24,095 | +32.7% |
| 2030 | ~$1,349,536 | ~$1,349,536 | ~1.8837% | ~$25,422 | +42.4% |
| 2026 | ~$997,982 | ~$997,982 | ~2.0465% | ~$20,424 | +5.3% |
| 2027 | ~$1,051,179 | ~$1,051,179 | ~2.0465% | ~$21,512 | +10.9% |
| 2028 | ~$1,107,213 | ~$1,107,213 | ~2.0465% | ~$22,659 | +16.9% |
| 2029 | ~$1,166,233 | ~$1,166,233 | ~2.0465% | ~$23,867 | +23.1% |
| 2030 | ~$1,228,399 | ~$1,228,399 | ~2.0465% | ~$25,139 | +29.6% |
| 2026 | ~$1,035,881 | ~$1,035,881 | ~1.9977% | ~$20,693 | +9.3% |
| 2027 | ~$1,132,534 | ~$1,132,534 | ~1.9488% | ~$22,071 | +19.5% |
| 2028 | ~$1,238,205 | ~$1,238,205 | ~1.9000% | ~$23,526 | +30.7% |
| 2029 | ~$1,353,736 | ~$1,353,736 | ~1.8512% | ~$25,060 | +42.9% |
| 2030 | ~$1,480,047 | ~$1,480,047 | ~1.8024% | ~$26,676 | +56.2% |
In 2025, this property's market value of $947,476 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -33% 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 | $947,476 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $657,283 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $633,600 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $627,109 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $713,962 | $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.