Address unknown
| Owner | REIGN CO2 PROPCO LLC |
|---|---|
| Parcel ID | 0207000201 |
| Short ID | 1003014 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 162,416 SF |
| Land SF | 44,160 SF |
| Acres | 1.014 |
| Year Built | 1928 |
| Legal | — |
| Neighborhood | — |
| Land | $24,398,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $24,398,400 |
| Improvement | $3,098,865 |
|---|---|
| Total Improvement | $3,098,865 |
| Market | $27,497,265 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $27,497,265 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $27,497,265 |
| Taxable Value | $27,497,265 |
|---|
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 $562,727. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
Asset Class: R. 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 89% of market value ($24,398,400 land vs $3,098,865 improvements), about $552/SF of land. With value concentrated in the land under a ~98-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
No delinquent taxes on record.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 51,405 SF | ✗ |
| ADDL | Additional Floor | 45,937 SF | ✓ |
| 2ND | 2nd Floor | 41,449 SF | ✓ |
| 3RD | 3rd Floor | 41,449 SF | ✓ |
| 4TH | 4th Floor | 41,449 SF | ✓ |
| 1ST | 1st Floor | 41,367 SF | ✓ |
| FBSMT | Finished Basement | 38,151 SF | ✓ |
| 5TH | 5th Floor | 15,979 SF | ✓ |
| 501 | CANOPY | 571 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% | $254,404.70 | $254,404.70 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $144,090.34 | $144,090.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $103,347.10 | $103,347.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $32,453.10 | $32,453.10 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $28,432.17 | $28,432.17 | Paid |
| P2U | — | — | — | — | — | — | $24,972.47 | $24,972.47 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $587,699.88 | $587,699.88 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $36,973,000 | $27,497,265 | +34.5% |
| Assessed Value | $36,973,000 | $27,497,265 | +34.5% |
| Land Value | $35,328,000 | $24,398,400 | +44.8% |
| Improvement Value | $1,645,000 | $3,098,865 | -46.9% |
| Taxable Value | $36,973,000 | $27,497,265 | +34.5% |
| Total Tax 2026 = estimate |
~$756,647
Estimated
|
~$587,700
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $36,973,000 | $36,973,000 | +0 (+0.0%) |
| Taxable Value | $36,973,000 | $36,973,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $36,973,000 | $35,328,000 | $1,645,000 | — | $36,973,000 | $36,973,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $27,497,265 | $24,398,400 | $3,098,865 | — | $27,497,265 | $27,497,265 | ~$587,700 | Partial |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +34.5% | +34.5% | ~100% | Not available | Partial |
| 2025 | base year | — | ~100% | Not available | Partial |
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +34.5% | +34.5% | — | +34.5% | 2026 | +34.5% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$587,700 | $587,700 | — | $587,700 | 2025 | $587,700 | 2025 |
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.