1322 E 12 ST 102 TX
| Owner | CRAVOTTA HOLDINGS LLC |
|---|---|
| Parcel ID | 0207282027 |
| Short ID | 931623 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 4,251 SF |
| Land SF | 4,015 SF |
| Acres | 0.092 |
| Year Built | 2019 |
| Legal | UNT 102 ANGELINA & 12TH CONDOMINIUMS PLUS 5.64 % INT IN COM AREA |
| Neighborhood | 24EC03 |
| Land | $562,033 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $562,033 |
| Improvement | $2,012,967 |
|---|---|
| Total Improvement | $2,012,967 |
| Market | $2,575,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,575,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,575,000 |
| Taxable Value | $2,575,000 |
|---|
Appreciation: Market value has risen +516.8% from $417,500 (2021) to $2,575,000 (2025), a CAGR of 57.6% over 4 years. This is strong appreciation — well above typical inflation. 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 $52,697. 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 22% of market value ($562,033 land vs $2,012,967 improvements), about $140/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,575,000, this parcel sits in the upper-middle (50th–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 +57.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $25,028,117 by 2030, with an estimated annual tax burden around $78,120. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,251 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 1,472 SF | ✗ |
Market value changed by 253% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $23,823.90 | $23,823.90 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,493.44 | $13,493.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,678.01 | $9,678.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,039.09 | $3,039.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,662.55 | $2,662.55 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $52,696.99 | $52,696.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,575,000 | $2,575,000 | +0.0% |
| Assessed Value | $2,575,000 | $2,575,000 | +0.0% |
| Land Value | $562,033 | $562,033 | +0.0% |
| Improvement Value | $2,012,967 | $2,012,967 | +0.0% |
| Taxable Value | $2,575,000 | $2,575,000 | +0.0% |
| Total Tax 2026 = estimate |
~$52,697
Estimated
|
~$52,697
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,168,651 | $2,575,000 | -593,651 (-18.7%) |
| Taxable Value | $3,090,000 | $2,575,000 | -515,000 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,575,000 | $562,033 | $2,012,967 | — | $2,575,000 | $2,575,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,575,000 | $562,033 | $2,012,967 | — | $2,575,000 | $2,575,000 | ~$52,697 | Partial |
| 2024 | $613,992 | — | — | — | — | $— | $42,922 | Verified |
| 2023 | $903,145 | — | — | −$341,112 | $562,033 | $— | $11,109 | Verified |
| 2022 | $702,000 | — | — | −$511,666 | $190,334 | $— | $17,836 | Verified |
| 2021 | $417,500 | — | — | −$313,446 | $104,054 | $— | $15,280 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +23.1% | +20.0% | 97.5% | Not available | Partial |
| 2025 | +18.9% | +18.9% | ~100% | Not available | Partial |
| 2024 | +252.7% ! | +252.7% | ~100% | 1.9800% | Verified |
| 2023 | -32.0% | -32.0% | ~100% | 1.8100% | Verified |
| 2022 | +26.2% | +26.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.6600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +260.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +76.8% | +57.6% | +319.4% | 2025 | -32.0% | 2024 |
| Assessment Ratio | 100.0% | 62.8% | — | 100.0% | 2025 | 24.9% | 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 |
$52,697 | $27,969 | ~$67,188 | $52,697 | 2025 | $11,109 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,057,957 | ~$2,832,500 | ~2.0139% | ~$57,045 | +57.6% |
| 2027 | ~$6,394,957 | ~$3,115,750 | ~1.9814% | ~$61,735 | +148.3% |
| 2028 | ~$10,077,848 | ~$3,427,325 | ~1.9488% | ~$66,793 | +291.4% |
| 2029 | ~$15,881,737 | ~$3,770,058 | ~1.9163% | ~$72,245 | +516.8% |
| 2030 | ~$25,028,117 | ~$4,147,063 | ~1.8837% | ~$78,120 | +872.0% |
| 2026 | ~$4,006,457 | ~$2,832,500 | ~2.0465% | ~$57,967 | +55.6% |
| 2027 | ~$6,233,668 | ~$3,115,750 | ~2.0465% | ~$63,763 | +142.1% |
| 2028 | ~$9,698,999 | ~$3,427,325 | ~2.0465% | ~$70,140 | +276.7% |
| 2029 | ~$15,090,727 | ~$3,770,058 | ~2.0465% | ~$77,154 | +486.0% |
| 2030 | ~$23,479,746 | ~$4,147,063 | ~2.0465% | ~$84,869 | +811.8% |
| 2026 | ~$4,109,457 | ~$2,832,500 | ~1.9977% | ~$56,584 | +59.6% |
| 2027 | ~$6,558,305 | ~$3,115,750 | ~1.9488% | ~$60,721 | +154.7% |
| 2028 | ~$10,466,435 | ~$3,427,325 | ~1.9000% | ~$65,120 | +306.5% |
| 2029 | ~$16,703,443 | ~$3,770,058 | ~1.8512% | ~$69,791 | +548.7% |
| 2030 | ~$26,657,117 | ~$4,147,063 | ~1.8024% | ~$74,745 | +935.2% |
In 2025, this property's market value of $2,575,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +82% 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 | $2,575,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $613,992 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $903,145 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $702,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $417,500 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.