603 W 12 ST TX 78701
| Owner | TOLLETT JASON BLAKE REVOCABLE |
|---|---|
| Parcel ID | 0208001706 |
| Short ID | 196701 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,355 SF |
| Land SF | 3,680 SF |
| Acres | 0.084 |
| Year Built | 1922 |
| Legal | W 23 FT OF N 80 FT OF LOT 5 *& E 23 FT OF N 80' OF LOT 6 BLOCK 131 ORIGINAL CITY |
| Neighborhood | 59CBD |
| Land | $736,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $736,000 |
| Improvement | $392,306 |
|---|---|
| Total Improvement | $392,306 |
| Market | $1,128,306 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,128,306 |
| Value Limitation Adjustment (−) (homestead cap) | −$67,660 |
| Net Appraised (assessed) | $1,060,646 |
| Taxable Value | $1,060,646 |
|---|
Appreciation: Market value has risen +36.9% from $824,000 (2021) to $1,128,306 (2025), a CAGR of 8.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $21,706. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,060,646) is $67,660 below market value, suggesting potential for an upward assessment in future years.
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 65% of market value ($736,000 land vs $392,306 improvements), about $200/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,128,306, 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 +8.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,671,289 by 2030, with an estimated annual tax burden around $31,483. 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 | 1,355 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,355 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 217 SF | ✗ |
| UBSMT | Unfinished Basement | 96 SF | ✓ |
| 522C | FIREPLACE COMM | 1 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% | $8,351.27 | $8,351.27 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,730.01 | $4,730.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,392.55 | $3,392.55 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,065.33 | $1,065.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $933.33 | $933.33 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,472.49 | $18,472.49 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $825,925 | $1,128,306 | -26.8% |
| Assessed Value | $825,925 | $1,060,646 | -22.1% |
| Land Value | $736,000 | $736,000 | +0.0% |
| Improvement Value | $89,925 | $392,306 | -77.1% |
| Taxable Value | $825,925 | $1,060,646 | -22.1% |
| Total Tax 2026 = estimate |
~$16,902
Estimated
|
~$18,472
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,319,110 | $825,925 | -493,185 (-37.4%) |
| Taxable Value | $1,083,174 | $825,925 | -257,249 (-23.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $825,925 | $736,000 | $89,925 | — | $825,925 | $825,925 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,128,306 | $736,000 | $392,306 | −$67,660 | $1,060,646 | $1,060,646 | ~$18,472 | Partial |
| 2024 | $883,872 | — | — | −$147,872 | $736,000 | $— | $17,517 | Verified |
| 2023 | $813,900 | — | — | −$261,900 | $552,000 | $— | $15,991 | Verified |
| 2022 | $813,993 | — | — | −$261,993 | $552,000 | $— | $16,074 | Verified |
| 2021 | $824,000 | — | — | −$272,000 | $552,000 | $— | $17,718 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.9% | +2.1% | 82.1% | Not available | Partial |
| 2025 | +27.7% | +20.0% | 94.0% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +8.6% | +8.6% | ~100% | 1.8100% | Verified |
| 2022 | -0.0% | -0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -26.8% | +1.7% | +16.1% | +27.7% | 2025 | -26.8% | 2026 |
| Assessment Ratio | 100.0% | 80.0% | — | 100.0% | 2026 | 67.0% | 2021 |
| Effective Tax Rate (2025) | 1.6400% | 1.6400% | — | 1.6400% | 2025 | 1.6400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,472 | $17,155 | ~$27,506 | $18,472 | 2025 | $15,991 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,220,539 | ~$1,166,711 | ~2.0139% | ~$23,497 | +8.2% |
| 2027 | ~$1,320,313 | ~$1,283,382 | ~1.9814% | ~$25,429 | +17.0% |
| 2028 | ~$1,428,242 | ~$1,411,720 | ~1.9488% | ~$27,512 | +26.6% |
| 2029 | ~$1,544,993 | ~$1,544,993 | ~1.9163% | ~$29,607 | +36.9% |
| 2030 | ~$1,671,289 | ~$1,671,289 | ~1.8837% | ~$31,483 | +48.1% |
| 2026 | ~$1,197,973 | ~$1,166,711 | ~2.0465% | ~$23,877 | +6.2% |
| 2027 | ~$1,271,942 | ~$1,271,942 | ~2.0465% | ~$26,030 | +12.7% |
| 2028 | ~$1,350,478 | ~$1,350,478 | ~2.0465% | ~$27,637 | +19.7% |
| 2029 | ~$1,433,864 | ~$1,433,864 | ~2.0465% | ~$29,344 | +27.1% |
| 2030 | ~$1,522,398 | ~$1,522,398 | ~2.0465% | ~$31,156 | +34.9% |
| 2026 | ~$1,243,106 | ~$1,166,711 | ~1.9977% | ~$23,307 | +10.2% |
| 2027 | ~$1,369,585 | ~$1,283,382 | ~1.9488% | ~$25,011 | +21.4% |
| 2028 | ~$1,508,934 | ~$1,411,720 | ~1.9000% | ~$26,823 | +33.7% |
| 2029 | ~$1,662,461 | ~$1,552,892 | ~1.8512% | ~$28,747 | +47.3% |
| 2030 | ~$1,831,608 | ~$1,708,181 | ~1.8024% | ~$30,788 | +62.3% |
In 2025, this property's market value of $1,128,306 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -20% 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 | $1,128,306 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $883,872 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $813,900 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $813,993 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $824,000 | $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.