506 W 12 ST TX 78701
| Owner | TEXAS ASSOCIATION OF COUNTIES RISK MANAGEMENT POOL |
|---|---|
| Parcel ID | 0208010513 |
| Short ID | 196755 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 3,144 SF |
| Land SF | 5,060 SF |
| Acres | 0.116 |
| Year Built | 1920 |
| Legal | LOT 5 BLK 151 HARPER W A RESUB |
| Neighborhood | 59CBD |
| Land | $1,518,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,518,000 |
| Improvement | $705,608 |
|---|---|
| Total Improvement | $705,608 |
| Market | $2,223,608 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,223,608 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,223,608 |
| Taxable Value | $2,223,608 |
|---|
Appreciation: Market value has risen +84.6% from $1,204,648 (2021) to $2,223,608 (2025), a CAGR of 16.6% 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 $45,506. 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 68% of market value ($1,518,000 land vs $705,608 improvements), about $300/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,223,608, 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 +16.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,784,161 by 2030, with an estimated annual tax burden around $67,460. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,144 SF | ✗ |
| 551 | PAVED AREA | 2,500 SF | ✗ |
| 1ST | 1st Floor | 1,392 SF | ✓ |
| 2ND | 2nd Floor | 1,392 SF | ✓ |
| RSBLW | Residence Below | 360 SF | ✓ |
| 612C | TERRACE UNCOVERD COMM | 336 SF | ✗ |
| 522C | FIREPLACE COMM | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $16,458.26 | $16,458.26 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,321.67 | $9,321.67 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,685.86 | $6,685.86 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,099.50 | $2,099.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,839.37 | $1,839.37 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $36,404.66 | $36,404.66 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,312,640 | $2,223,608 | -41.0% |
| Assessed Value | $1,312,640 | $2,223,608 | -41.0% |
| Land Value | $1,012,000 | $1,518,000 | -33.3% |
| Improvement Value | $300,640 | $705,608 | -57.4% |
| Taxable Value | $1,312,640 | $2,223,608 | -41.0% |
| Total Tax 2026 = estimate |
~$26,863
Estimated
|
~$36,405
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,060,790 | $1,312,640 | -748,150 (-36.3%) |
| Taxable Value | $2,060,790 | $1,312,640 | -748,150 (-36.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,312,640 | $1,012,000 | $300,640 | — | $1,312,640 | $1,312,640 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,223,608 | $1,518,000 | $705,608 | — | $2,223,608 | $2,223,608 | ~$36,405 | Partial |
| 2024 | $1,867,831 | — | — | −$349,831 | $1,518,000 | $— | $37,017 | Verified |
| 2023 | $1,274,500 | — | — | — | $1,518,000 ! | $— | $33,794 | Verified |
| 2022 | $1,264,177 | — | — | −$505,177 | $759,000 | $— | $25,170 | Verified |
| 2021 | $1,204,648 | — | — | −$445,648 | $759,000 | $— | $27,517 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.3% | -7.3% | ~100% | Not available | Partial |
| 2025 | +19.0% | +19.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +46.6% | +46.6% | ~100% | 1.8100% | Verified |
| 2022 | +0.8% | +0.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +75.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -41.0% | +6.1% | +32.7% | +46.6% | 2024 | -41.0% | 2026 |
| Assessment Ratio | 100.0% | 87.2% | — | 119.1% | 2023 | 60.0% | 2022 |
| 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 |
$36,405 | $31,981 | ~$58,019 | $37,017 | 2024 | $25,170 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,591,837 | ~$2,445,969 | ~2.0139% | ~$49,260 | +16.6% |
| 2027 | ~$3,021,045 | ~$2,690,566 | ~1.9814% | ~$53,311 | +35.9% |
| 2028 | ~$3,521,330 | ~$2,959,622 | ~1.9488% | ~$57,678 | +58.4% |
| 2029 | ~$4,104,462 | ~$3,255,584 | ~1.9163% | ~$62,386 | +84.6% |
| 2030 | ~$4,784,161 | ~$3,581,143 | ~1.8837% | ~$67,460 | +115.2% |
| 2026 | ~$2,547,365 | ~$2,445,969 | ~2.0465% | ~$50,056 | +14.6% |
| 2027 | ~$2,918,261 | ~$2,690,566 | ~2.0465% | ~$55,062 | +31.2% |
| 2028 | ~$3,343,160 | ~$2,959,622 | ~2.0465% | ~$60,568 | +50.3% |
| 2029 | ~$3,829,924 | ~$3,255,584 | ~2.0465% | ~$66,625 | +72.2% |
| 2030 | ~$4,387,561 | ~$3,581,143 | ~2.0465% | ~$73,288 | +97.3% |
| 2026 | ~$2,636,310 | ~$2,445,969 | ~1.9977% | ~$48,862 | +18.6% |
| 2027 | ~$3,125,608 | ~$2,690,566 | ~1.9488% | ~$52,435 | +40.6% |
| 2028 | ~$3,705,721 | ~$2,959,622 | ~1.9000% | ~$56,233 | +66.7% |
| 2029 | ~$4,393,503 | ~$3,255,584 | ~1.8512% | ~$60,267 | +97.6% |
| 2030 | ~$5,208,937 | ~$3,581,143 | ~1.8024% | ~$64,545 | +134.3% |
In 2025, this property's market value of $2,223,608 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +57% 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 | $2,223,608 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,867,831 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,274,500 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,264,177 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,204,648 | $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.