502 W 12 ST TX 78701
| Owner | WRIGHT JAMES W |
|---|---|
| Parcel ID | 0208010511 |
| Short ID | 196753 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,296 SF |
| Land SF | 2,480 SF |
| Acres | 0.057 |
| Year Built | 1920 |
| Legal | W 31 FT OF LOT 3 BLK 151 HARPER W A RESUB |
| Neighborhood | 59CBD |
| Land | $744,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $744,000 |
| Improvement | $234,034 |
|---|---|
| Total Improvement | $234,034 |
| Market | $978,034 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $978,034 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $978,034 |
| Taxable Value | $978,034 |
|---|
Appreciation: Market value has risen +47.3% from $664,000 (2021) to $978,034 (2025), a CAGR of 10.2% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $20,015. 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 76% of market value ($744,000 land vs $234,034 improvements), about $300/SF of land. With value concentrated in the land under a ~106-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 $978,034, 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 +10.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,587,034 by 2030, with an estimated annual tax burden around $29,671. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,296 SF | ✗ |
| 1ST | 1st Floor | 1,148 SF | ✓ |
| 2ND | 2nd Floor | 1,148 SF | ✓ |
| 551 | PAVED AREA | 1,000 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 360 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 168 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% | $9,048.77 | $9,048.77 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,125.06 | $5,125.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,675.89 | $3,675.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,154.31 | $1,154.31 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,011.29 | $1,011.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,015.32 | $20,015.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $798,600 | $978,034 | -18.3% |
| Assessed Value | $798,600 | $978,034 | -18.3% |
| Land Value | $496,000 | $744,000 | -33.3% |
| Improvement Value | $302,600 | $234,034 | +29.3% |
| Taxable Value | $798,600 | $978,034 | -18.3% |
| Total Tax 2026 = estimate |
~$16,343
Estimated
|
~$20,015
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,179,296 | $798,600 | -380,696 (-32.3%) |
| Taxable Value | $1,173,641 | $798,600 | -375,041 (-32.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $798,600 | $496,000 | $302,600 | — | $798,600 | $798,600 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $978,034 | $744,000 | $234,034 | — | $978,034 | $978,034 | ~$20,015 | Partial |
| 2024 | $1,025,274 | — | — | −$281,274 | $744,000 | $— | $20,319 | Verified |
| 2023 | $681,426 | — | — | — | $744,000 ! | $— | $18,550 | Verified |
| 2022 | $681,426 | — | — | −$309,426 | $372,000 | $— | $13,458 | Verified |
| 2021 | $664,000 | — | — | −$292,000 | $372,000 | $— | $14,832 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.6% | +20.0% | ~100% | Not available | Partial |
| 2025 | -4.6% | -4.6% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +50.5% | +50.5% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +43.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -18.3% | +6.0% | +15.1% | +50.5% | 2024 | -18.3% | 2026 |
| Assessment Ratio | 100.0% | 82.1% | — | 109.2% | 2023 | 54.6% | 2022 |
| 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 |
$20,015 | $17,435 | ~$25,519 | $20,319 | 2024 | $13,458 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,077,458 | ~$1,075,837 | ~2.0139% | ~$21,667 | +10.2% |
| 2027 | ~$1,186,990 | ~$1,183,421 | ~1.9814% | ~$23,448 | +21.4% |
| 2028 | ~$1,307,656 | ~$1,301,763 | ~1.9488% | ~$25,369 | +33.7% |
| 2029 | ~$1,440,588 | ~$1,431,940 | ~1.9163% | ~$27,440 | +47.3% |
| 2030 | ~$1,587,034 | ~$1,575,134 | ~1.8837% | ~$29,671 | +62.3% |
| 2026 | ~$1,057,897 | ~$1,057,897 | ~2.0465% | ~$21,650 | +8.2% |
| 2027 | ~$1,144,282 | ~$1,144,282 | ~2.0465% | ~$23,418 | +17.0% |
| 2028 | ~$1,237,721 | ~$1,237,721 | ~2.0465% | ~$25,330 | +26.6% |
| 2029 | ~$1,338,790 | ~$1,338,790 | ~2.0465% | ~$27,398 | +36.9% |
| 2030 | ~$1,448,112 | ~$1,448,112 | ~2.0465% | ~$29,635 | +48.1% |
| 2026 | ~$1,097,019 | ~$1,075,837 | ~1.9977% | ~$21,492 | +12.2% |
| 2027 | ~$1,230,479 | ~$1,183,421 | ~1.9488% | ~$23,063 | +25.8% |
| 2028 | ~$1,380,176 | ~$1,301,763 | ~1.9000% | ~$24,734 | +41.1% |
| 2029 | ~$1,548,084 | ~$1,431,940 | ~1.8512% | ~$26,508 | +58.3% |
| 2030 | ~$1,736,419 | ~$1,575,134 | ~1.8024% | ~$28,390 | +77.5% |
In 2025, this property's market value of $978,034 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -31% 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 | $978,034 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,025,274 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $681,426 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $681,426 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $664,000 | $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.