508 W 12 ST TX 78701
| Owner | TEXAS ASSOCIATION OF COUNTIES RISK |
|---|---|
| Parcel ID | 0208010514 |
| Short ID | 196756 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,252 SF |
| Land SF | 5,194 SF |
| Acres | 0.119 |
| Year Built | 1930 |
| Legal | LOT 6 BLK 151 HARPER W A RESUB |
| Neighborhood | 59CBD |
| Land | $1,558,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,558,200 |
| Improvement | $515,066 |
|---|---|
| Total Improvement | $515,066 |
| Market | $2,073,266 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,073,266 |
| Value Limitation Adjustment (−) (homestead cap) | −$33,385 |
| Net Appraised (assessed) | $2,039,881 |
| Taxable Value | $2,039,881 |
|---|
Appreciation: Market value has risen +89.5% from $1,094,158 (2021) to $2,073,266 (2025), a CAGR of 17.3% 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 $41,746. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,039,881) is $33,385 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 75% of market value ($1,558,200 land vs $515,066 improvements), about $300/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 $2,073,266, 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 +17.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,609,181 by 2030, with an estimated annual tax burden around $61,886. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,252 SF | ✗ |
| 1ST | 1st Floor | 1,748 SF | ✓ |
| 551 | PAVED AREA | 1,600 SF | ✗ |
| RSBLW | Residence Below | 504 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 340 SF | ✗ |
| 251 | BATHROOM | 2 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% | $15,345.49 | $15,345.49 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,691.41 | $8,691.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,233.81 | $6,233.81 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,957.54 | $1,957.54 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,715.01 | $1,715.01 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,943.26 | $33,943.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,360,521 | $2,073,266 | -34.4% |
| Assessed Value | $1,360,521 | $2,039,881 | -33.3% |
| Land Value | $1,038,800 | $1,558,200 | -33.3% |
| Improvement Value | $321,721 | $515,066 | -37.5% |
| Taxable Value | $1,360,521 | $2,039,881 | -33.3% |
| Total Tax 2026 = estimate |
~$27,843
Estimated
|
~$33,943
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,804,376 | $1,360,521 | -443,855 (-24.6%) |
| Taxable Value | $1,804,376 | $1,360,521 | -443,855 (-24.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,360,521 | $1,038,800 | $321,721 | — | $1,360,521 | $1,360,521 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,073,266 | $1,558,200 | $515,066 | −$33,385 | $2,039,881 | $2,039,881 | ~$33,943 | Partial |
| 2024 | $1,699,901 | — | — | −$141,701 | $1,558,200 | $— | $33,689 | Verified |
| 2023 | $1,115,537 | — | — | — | $1,558,200 ! | $— | $30,755 | Verified |
| 2022 | $1,115,537 | — | — | −$336,437 | $779,100 | $— | $22,031 | Verified |
| 2021 | $1,094,158 | — | — | −$315,058 | $779,100 | $— | $24,282 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -13.0% | -11.5% | ~100% | Not available | Partial |
| 2025 | +22.0% | +20.0% | 98.4% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +52.4% | +52.4% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +85.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -34.4% | +8.4% | +29.6% | +52.4% | 2024 | -34.4% | 2026 |
| Assessment Ratio | 100.0% | 95.1% | — | 139.7% | 2023 | 69.8% | 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 |
$33,943 | $28,940 | ~$53,225 | $33,943 | 2025 | $22,031 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,432,477 | ~$2,243,869 | ~2.0139% | ~$45,190 | +17.3% |
| 2027 | ~$2,853,925 | ~$2,468,256 | ~1.9814% | ~$48,906 | +37.7% |
| 2028 | ~$3,348,392 | ~$2,715,082 | ~1.9488% | ~$52,913 | +61.5% |
| 2029 | ~$3,928,529 | ~$2,986,590 | ~1.9163% | ~$57,232 | +89.5% |
| 2030 | ~$4,609,181 | ~$3,285,249 | ~1.8837% | ~$61,886 | +122.3% |
| 2026 | ~$2,391,012 | ~$2,243,869 | ~2.0465% | ~$45,920 | +15.3% |
| 2027 | ~$2,757,455 | ~$2,468,256 | ~2.0465% | ~$50,512 | +33.0% |
| 2028 | ~$3,180,059 | ~$2,715,082 | ~2.0465% | ~$55,564 | +53.4% |
| 2029 | ~$3,667,430 | ~$2,986,590 | ~2.0465% | ~$61,120 | +76.9% |
| 2030 | ~$4,229,495 | ~$3,285,249 | ~2.0465% | ~$67,232 | +104.0% |
| 2026 | ~$2,473,942 | ~$2,243,869 | ~1.9977% | ~$44,825 | +19.3% |
| 2027 | ~$2,952,053 | ~$2,468,256 | ~1.9488% | ~$48,102 | +42.4% |
| 2028 | ~$3,522,563 | ~$2,715,082 | ~1.9000% | ~$51,587 | +69.9% |
| 2029 | ~$4,203,328 | ~$2,986,590 | ~1.8512% | ~$55,288 | +102.7% |
| 2030 | ~$5,015,658 | ~$3,285,249 | ~1.8024% | ~$59,212 | +141.9% |
In 2025, this property's market value of $2,073,266 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +46% 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 | $2,073,266 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,699,901 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,115,537 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,115,537 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,094,158 | $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.