1021 E 7 ST TX 78702
| Owner | 1021 EAST 7TH STREET AUSTIN OWNER |
|---|---|
| Parcel ID | 0206050814 |
| Short ID | 194777 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 11,180 SF |
| Land SF | 21,060 SF |
| Acres | 0.483 |
| Year Built | 1972 |
| Legal | LOT 12-17 BLK 2 OLT 2 DIV A TAYLORS SUBD |
| Neighborhood | 52EAS |
| Land | $3,685,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,685,500 |
| Improvement | $346,729 |
|---|---|
| Total Improvement | $346,729 |
| Market | $4,032,229 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,032,229 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,032,229 |
| Taxable Value | $4,032,229 |
|---|
Appreciation: Market value has risen +3.6% from $3,891,357 (2021) to $4,032,229 (2025), a CAGR of 0.9% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), 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 $82,519. Austin ISD is the largest single contributor, at 45.2% 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 91% of market value ($3,685,500 land vs $346,729 improvements), about $175/SF of land. With value concentrated in the land under a ~54-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 $4,032,229, 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 +0.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,215,512 by 2030, with an estimated annual tax burden around $79,409. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 11,180 SF | ✓ |
| 551 | PAVED AREA | 7,091 SF | ✗ |
| 611 | TERRACE | 1,041 SF | ✗ |
| 327 | STORAGE COMM'L | 690 SF | ✓ |
| 501 | CANOPY | 458 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% | $37,306.18 | $37,306.18 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $21,129.57 | $21,129.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $15,154.93 | $15,154.93 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,758.96 | $4,758.96 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,169.32 | $4,169.32 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $82,518.96 | $82,518.96 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,728,545 | $4,032,229 | -7.5% |
| Assessed Value | $3,728,545 | $4,032,229 | -7.5% |
| Land Value | $3,685,500 | $3,685,500 | +0.0% |
| Improvement Value | $43,045 | $346,729 | -87.6% |
| Taxable Value | $3,728,545 | $4,032,229 | -7.5% |
| Total Tax 2026 = estimate |
~$76,304
Estimated
|
~$82,519
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,880,242 | $3,728,545 | -151,697 (-3.9%) |
| Taxable Value | $3,880,242 | $3,728,545 | -151,697 (-3.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,728,545 | $3,685,500 | $43,045 | — | $3,728,545 | $3,728,545 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,032,229 | $3,685,500 | $346,729 | — | $4,032,229 | $4,032,229 | ~$82,519 | Partial |
| 2024 | $4,588,715 | — | — | −$903,215 | $3,685,500 | $— | $76,513 | Verified |
| 2023 | $4,773,621 | — | — | −$1,088,121 | $3,685,500 | $— | $83,021 | Verified |
| 2022 | $4,024,238 | — | — | −$865,238 | $3,159,000 | $— | $94,275 | Verified |
| 2021 | $3,891,357 | — | — | −$1,258,857 | $2,632,500 | $— | $87,595 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.8% | -3.8% | ~100% | Not available | Partial |
| 2025 | +4.4% | +4.4% | ~100% | Not available | Partial |
| 2024 | -15.9% | -15.9% | ~100% | 1.9800% | Verified |
| 2023 | -3.9% | -3.9% | ~100% | 1.8100% | Verified |
| 2022 | +18.6% | +18.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.5% | -0.3% | +2.5% | +18.6% | 2023 | -12.1% | 2025 |
| Assessment Ratio | 100.0% | 83.9% | — | 100.0% | 2025 | 67.6% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$82,519 | $84,785 | ~$80,688 | $94,275 | 2022 | $76,513 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,068,237 | ~$4,068,237 | ~2.0139% | ~$81,932 | +0.9% |
| 2027 | ~$4,104,566 | ~$4,104,566 | ~1.9814% | ~$81,327 | +1.8% |
| 2028 | ~$4,141,220 | ~$4,141,220 | ~1.9488% | ~$80,706 | +2.7% |
| 2029 | ~$4,178,201 | ~$4,178,201 | ~1.9163% | ~$80,066 | +3.6% |
| 2030 | ~$4,215,512 | ~$4,215,512 | ~1.8837% | ~$79,409 | +4.5% |
| 2026 | ~$3,987,592 | ~$3,987,592 | ~2.0465% | ~$81,605 | -1.1% |
| 2027 | ~$3,943,449 | ~$3,943,449 | ~2.0465% | ~$80,702 | -2.2% |
| 2028 | ~$3,899,795 | ~$3,899,795 | ~2.0465% | ~$79,809 | -3.3% |
| 2029 | ~$3,856,625 | ~$3,856,625 | ~2.0465% | ~$78,925 | -4.4% |
| 2030 | ~$3,813,932 | ~$3,813,932 | ~2.0465% | ~$78,052 | -5.4% |
| 2026 | ~$4,148,881 | ~$4,148,881 | ~1.9977% | ~$82,881 | +2.9% |
| 2027 | ~$4,268,908 | ~$4,268,908 | ~1.9488% | ~$83,194 | +5.9% |
| 2028 | ~$4,392,408 | ~$4,392,408 | ~1.9000% | ~$83,456 | +8.9% |
| 2029 | ~$4,519,480 | ~$4,519,480 | ~1.8512% | ~$83,664 | +12.1% |
| 2030 | ~$4,650,229 | ~$4,650,229 | ~1.8024% | ~$83,814 | +15.3% |
In 2025, this property's market value of $4,032,229 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +184% above 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 | $4,032,229 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,588,715 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,773,621 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,024,238 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,891,357 | $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.