316 W 12 ST TX 78701
| Owner | WESTVIEW ON 12TH ARC LLC |
|---|---|
| Parcel ID | 0208011506 |
| Short ID | 196874 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 52,387 SF |
| Land SF | 44,160 SF |
| Acres | 1.014 |
| Year Built | 1950 |
| Legal | LOT 1-6 BLOCK 149 ORIGINAL CITY (TOTAL SQ FT 44160) |
| Neighborhood | 50CBD |
| Land | $22,963,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $22,963,200 |
| Improvement | $12,806,994 |
|---|---|
| Total Improvement | $12,806,994 |
| Market | $35,770,194 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $35,770,194 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $35,770,194 |
| Taxable Value | $35,770,194 |
|---|
Appreciation: Market value has fallen -24.1% from $47,100,000 (2021) to $35,770,194 (2025), a CAGR of -6.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $732,032. Austin ISD is the largest single contributor, at 43.3% 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 64% of market value ($22,963,200 land vs $12,806,994 improvements), about $520/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $35,770,194, this parcel sits in the top quartile (≥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 -6.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $25,359,856 by 2030, with an estimated annual tax burden around $477,714. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 84,007 SF | ✗ |
| 387 | PARKING GAR UNDR | 36,126 SF | ✓ |
| FBSMT | Finished Basement | 15,406 SF | ✓ |
| 1ST | 1st Floor | 15,381 SF | ✓ |
| 3RD | 3rd Floor | 13,098 SF | ✓ |
| 4TH | 4th Floor | 13,098 SF | ✓ |
| 5TH | 5th Floor | 13,098 SF | ✓ |
| 2ND | 2nd Floor | 8,502 SF | ✓ |
| ADDL | Additional Floor | 5,424 SF | ✓ |
| 611 | TERRACE | 3,582 SF | ✗ |
| 335 | PENTHOUSE | 2,970 SF | ✓ |
| 501 | CANOPY | 25 SF | ✗ |
| 482 | LIGHT POLES | 9 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% | $330,945.83 | $330,945.83 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $187,441.90 | $187,441.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $134,440.49 | $134,440.49 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $42,217.06 | $42,217.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $36,986.38 | $36,986.38 | Paid |
| P2U | — | — | — | — | — | — | $32,624.93 | $32,624.93 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $764,656.59 | $764,656.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $26,632,000 | $35,770,194 | -25.5% |
| Assessed Value | $26,632,000 | $35,770,194 | -25.5% |
| Land Value | $19,872,000 | $22,963,200 | -13.5% |
| Improvement Value | $6,760,000 | $12,806,994 | -47.2% |
| Taxable Value | $26,632,000 | $35,770,194 | -25.5% |
| Total Tax 2026 = estimate |
~$545,020
Estimated
|
~$764,657
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $26,632,000 | $26,632,000 | +0 (+0.0%) |
| Taxable Value | $26,632,000 | $26,632,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $26,632,000 | $19,872,000 | $6,760,000 | — | $26,632,000 | $26,632,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $35,770,194 | $22,963,200 | $12,806,994 | — | $35,770,194 | $35,770,194 | ~$764,657 | Partial |
| 2024 | $48,000,000 | — | — | −$25,036,800 | $22,963,200 | $— | $935,496 | Verified |
| 2023 | $50,000,000 | — | — | −$27,036,800 | $22,963,200 | $— | $915,323 | Verified |
| 2022 | $48,500,000 | — | — | −$31,277,600 | $17,222,400 | $— | $1,040,782 | Verified |
| 2021 | $47,100,000 | — | — | −$29,877,600 | $17,222,400 | $— | $1,109,668 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -25.5% | -25.5% | ~100% | Not available | Partial |
| 2025 | -24.7% | -24.7% | ~100% | Not available | Partial |
| 2024 | -6.9% | -6.9% | ~100% | 1.9700% | Verified |
| 2023 | -5.3% | -5.3% | ~100% | 1.8000% | Verified |
| 2022 | +4.8% | +4.8% | ~100% | 1.9300% | Verified |
| 2021 | base year | — | ~100% | 2.3600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -30.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -25.5% | -9.8% | -0.2% | +3.1% | 2023 | -25.5% | 2026 |
| Assessment Ratio | 100.0% | 61.0% | — | 100.0% | 2025 | 35.5% | 2022 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$764,657 | $953,185 | ~$571,111 | $1,109,668 | 2021 | $764,657 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$33,392,305 | ~$33,392,305 | ~2.0139% | ~$672,500 | -6.6% |
| 2027 | ~$31,172,490 | ~$31,172,490 | ~1.9814% | ~$617,648 | -12.9% |
| 2028 | ~$29,100,241 | ~$29,100,241 | ~1.9488% | ~$567,117 | -18.6% |
| 2029 | ~$27,165,749 | ~$27,165,749 | ~1.9163% | ~$520,575 | -24.1% |
| 2030 | ~$25,359,856 | ~$25,359,856 | ~1.8837% | ~$477,714 | -29.1% |
| 2026 | ~$33,981,684 | ~$33,981,684 | ~2.0465% | ~$695,430 | -5.0% |
| 2027 | ~$32,282,600 | ~$32,282,600 | ~2.0465% | ~$660,659 | -9.8% |
| 2028 | ~$30,668,470 | ~$30,668,470 | ~2.0465% | ~$627,626 | -14.3% |
| 2029 | ~$29,135,047 | ~$29,135,047 | ~2.0465% | ~$596,244 | -18.5% |
| 2030 | ~$27,678,294 | ~$27,678,294 | ~2.0465% | ~$566,432 | -22.6% |
| 2026 | ~$34,107,708 | ~$34,107,708 | ~1.9977% | ~$681,357 | -4.6% |
| 2027 | ~$32,522,490 | ~$32,522,490 | ~1.9488% | ~$633,811 | -9.1% |
| 2028 | ~$31,010,947 | ~$31,010,947 | ~1.9000% | ~$589,213 | -13.3% |
| 2029 | ~$29,569,657 | ~$29,569,657 | ~1.8512% | ~$547,392 | -17.3% |
| 2030 | ~$28,195,352 | ~$28,195,352 | ~1.8024% | ~$508,185 | -21.2% |
In 2025, this property's market value of $35,770,194 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 25× 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 | $35,770,194 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $48,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $50,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $48,500,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $47,100,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.