602 W 11 ST TX 78701
| Owner | SILVER TONGUE LLC |
|---|---|
| Parcel ID | 0208001711 |
| Short ID | 196706 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,804 SF |
| Land SF | 11,040 SF |
| Acres | 0.253 |
| Year Built | 1930 |
| Legal | LOT 3 BLOCK 131 ORIGINAL CITY |
| Neighborhood | 53CBD |
| Land | $2,208,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,208,000 |
| Improvement | $489,807 |
|---|---|
| Total Improvement | $489,807 |
| Market | $2,697,807 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,697,807 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,697,807 |
| Taxable Value | $2,697,807 |
|---|
Appreciation: Market value has risen +18.7% from $2,273,200 (2021) to $2,697,807 (2025), a CAGR of 4.4% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2023→2024), 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 $55,210. 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 82% of market value ($2,208,000 land vs $489,807 improvements), about $200/SF of land. With value concentrated in the land under a ~96-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 $2,697,807, 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 +4.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,341,777 by 2030, with an estimated annual tax burden around $62,950. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 4,000 SF | ✗ |
| 1ST | 1st Floor | 1,506 SF | ✓ |
| 2ND | 2nd Floor | 1,298 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 243 SF | ✗ |
| 511 | DECK | 224 SF | ✗ |
| 611 | TERRACE | 72 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% | $24,960.11 | $24,960.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,136.97 | $14,136.97 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,139.57 | $10,139.57 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,184.03 | $3,184.03 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,789.53 | $2,789.53 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $55,210.21 | $55,210.21 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,697,807 | $2,697,807 | +0.0% |
| Assessed Value | $2,697,807 | $2,697,807 | +0.0% |
| Land Value | $1,987,200 | $2,208,000 | -10.0% |
| Improvement Value | $710,607 | $489,807 | +45.1% |
| Taxable Value | $2,697,807 | $2,697,807 | +0.0% |
| Total Tax 2026 = estimate |
~$55,210
Estimated
|
~$55,210
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,806,178 | $2,697,807 | -108,371 (-3.9%) |
| Taxable Value | $2,806,178 | $2,697,807 | -108,371 (-3.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,697,807 | $1,987,200 | $710,607 | — | $2,697,807 | $2,697,807 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,697,807 | $2,208,000 | $489,807 | — | $2,697,807 | $2,697,807 | ~$55,210 | Partial |
| 2024 | $2,743,383 | — | — | −$535,383 | $2,208,000 | $— | $53,466 | Verified |
| 2023 | $2,362,278 | — | — | −$706,278 | $1,656,000 | $— | $49,635 | Verified |
| 2022 | $2,309,683 | — | — | −$653,683 | $1,656,000 | $— | $46,653 | Verified |
| 2021 | $2,273,200 | — | — | −$617,200 | $1,656,000 | $— | $50,274 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.0% | +4.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -1.7% | -1.7% | ~100% | 1.9800% | Verified |
| 2023 | +16.1% | +16.1% | ~100% | 1.8100% | Verified |
| 2022 | +2.3% | +2.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +3.7% | +4.4% | +16.1% | 2024 | -1.7% | 2025 |
| Assessment Ratio | 100.0% | 82.5% | — | 100.0% | 2025 | 70.1% | 2023 |
| 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 |
$55,210 | $51,048 | ~$59,806 | $55,210 | 2025 | $46,653 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,815,815 | ~$2,815,815 | ~2.0139% | ~$56,709 | +4.4% |
| 2027 | ~$2,938,986 | ~$2,938,986 | ~1.9814% | ~$58,233 | +8.9% |
| 2028 | ~$3,067,544 | ~$3,067,544 | ~1.9488% | ~$59,782 | +13.7% |
| 2029 | ~$3,201,726 | ~$3,201,726 | ~1.9163% | ~$61,354 | +18.7% |
| 2030 | ~$3,341,777 | ~$3,341,777 | ~1.8837% | ~$62,950 | +23.9% |
| 2026 | ~$2,761,859 | ~$2,761,859 | ~2.0465% | ~$56,521 | +2.4% |
| 2027 | ~$2,827,432 | ~$2,827,432 | ~2.0465% | ~$57,863 | +4.8% |
| 2028 | ~$2,894,562 | ~$2,894,562 | ~2.0465% | ~$59,237 | +7.3% |
| 2029 | ~$2,963,286 | ~$2,963,286 | ~2.0465% | ~$60,643 | +9.8% |
| 2030 | ~$3,033,641 | ~$3,033,641 | ~2.0465% | ~$62,083 | +12.4% |
| 2026 | ~$2,869,772 | ~$2,869,772 | ~1.9977% | ~$57,328 | +6.4% |
| 2027 | ~$3,052,698 | ~$3,052,698 | ~1.9488% | ~$59,492 | +13.2% |
| 2028 | ~$3,247,284 | ~$3,247,284 | ~1.9000% | ~$61,699 | +20.4% |
| 2029 | ~$3,454,273 | ~$3,454,273 | ~1.8512% | ~$63,945 | +28.0% |
| 2030 | ~$3,674,457 | ~$3,674,457 | ~1.8024% | ~$66,227 | +36.2% |
In 2025, this property's market value of $2,697,807 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +90% 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 | $2,697,807 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,743,383 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,362,278 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,309,683 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,273,200 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.