313 E 12 ST TX 78701
| Owner | TEXAS RETIRED TEACHERS ASSOCIATION |
|---|---|
| Parcel ID | 0208031109 |
| Short ID | 197020 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 16,915 SF |
| Land SF | 22,080 SF |
| Acres | 0.507 |
| Year Built | 2003 |
| Legal | LOT 7-9 BLOCK 137 ORIGINAL CITY |
| Neighborhood | 51CBD |
| Land | $10,764,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,764,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $10,764,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,764,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,764,000 |
| Taxable Value | $10,764,000 |
|---|
Appreciation: Market value has fallen -9.6% from $11,905,000 (2021) to $10,764,000 (2025), a CAGR of -2.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $220,284. 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 100% of market value ($10,764,000 land vs $0 improvements), about $488/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $10,764,000, 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 -2.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,490,281 by 2030, with an estimated annual tax burden around $178,772. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 24,870 SF | ✓ |
| 3RD | 3rd Floor | 14,525 SF | ✓ |
| 4TH | 4th Floor | 14,525 SF | ✓ |
| 1ST | 1st Floor | 1,410 SF | ✓ |
| 2ND | 2nd Floor | 980 SF | ✓ |
| 327 | STORAGE COMM'L | 600 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% | $99,588.53 | $99,588.53 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $56,405.19 | $56,405.19 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $40,455.96 | $40,455.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $12,704.00 | $12,704.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $11,129.98 | $11,129.98 | Paid |
| P2U | — | — | — | — | — | — | $9,494.20 | $9,494.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $229,777.86 | $229,777.86 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,810,072 | $10,764,000 | -8.9% |
| Assessed Value | $9,810,072 | $10,764,000 | -8.9% |
| Land Value | $5,520,000 | $10,764,000 | -48.7% |
| Improvement Value | $4,290,072 | — | — |
| Taxable Value | $9,810,072 | $10,764,000 | -8.9% |
| Total Tax 2026 = estimate |
~$200,762
Estimated
|
~$229,778
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,810,072 | $9,810,072 | +0 (+0.0%) |
| Taxable Value | $9,810,072 | $9,810,072 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,810,072 | $5,520,000 | $4,290,072 | — | $9,810,072 | $9,810,072 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,764,000 | $10,764,000 | — | — | $10,764,000 | $10,764,000 | ~$229,778 | Partial |
| 2024 | $11,606,995 | — | — | −$842,995 | $10,764,000 | $— | $206,624 | Verified |
| 2023 | $11,300,000 | — | — | −$260,000 | $11,040,000 | $— | $220,273 | Verified |
| 2022 | $11,584,000 | — | — | −$544,000 | $11,040,000 | $— | $236,027 | Verified |
| 2021 | $11,905,000 | — | — | −$7,489,000 | $4,416,000 | $— | $263,230 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.9% | -8.9% | ~100% | Not available | Partial |
| 2025 | -7.3% | -7.3% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.7800% | Verified |
| 2023 | -13.3% | -13.3% | ~100% | 1.9000% | Verified |
| 2022 | +15.6% | +15.6% | ~100% | 1.7600% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.9% | -3.7% | -0.6% | +2.7% | 2024 | -8.9% | 2026 |
| Assessment Ratio | 100.0% | 87.1% | — | 100.0% | 2025 | 37.1% | 2021 |
| Effective Tax Rate (2025) | 2.1300% | 2.1300% | — | 2.1300% | 2025 | 2.1300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$229,778 | $231,186 | ~$194,793 | $263,230 | 2021 | $206,624 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$10,496,264 | ~$10,496,264 | ~2.0139% | ~$211,388 | -2.5% |
| 2027 | ~$10,235,188 | ~$10,235,188 | ~1.9814% | ~$202,799 | -4.9% |
| 2028 | ~$9,980,606 | ~$9,980,606 | ~1.9488% | ~$194,506 | -7.3% |
| 2029 | ~$9,732,356 | ~$9,732,356 | ~1.9163% | ~$186,500 | -9.6% |
| 2030 | ~$9,490,281 | ~$9,490,281 | ~1.8837% | ~$178,772 | -11.8% |
| 2026 | ~$10,280,984 | ~$10,280,984 | ~2.0465% | ~$210,399 | -4.5% |
| 2027 | ~$9,819,643 | ~$9,819,643 | ~2.0465% | ~$200,958 | -8.8% |
| 2028 | ~$9,379,004 | ~$9,379,004 | ~2.0465% | ~$191,940 | -12.9% |
| 2029 | ~$8,958,138 | ~$8,958,138 | ~2.0465% | ~$183,327 | -16.8% |
| 2030 | ~$8,556,157 | ~$8,556,157 | ~2.0465% | ~$175,100 | -20.5% |
| 2026 | ~$10,711,544 | ~$10,711,544 | ~1.9977% | ~$213,980 | -0.5% |
| 2027 | ~$10,659,344 | ~$10,659,344 | ~1.9488% | ~$207,734 | -1.0% |
| 2028 | ~$10,607,399 | ~$10,607,399 | ~1.9000% | ~$201,542 | -1.5% |
| 2029 | ~$10,555,706 | ~$10,555,706 | ~1.8512% | ~$195,407 | -1.9% |
| 2030 | ~$10,504,266 | ~$10,504,266 | ~1.8024% | ~$189,326 | -2.4% |
In 2025, this property's market value of $10,764,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 8× 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 | $10,764,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $11,606,995 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $11,300,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $11,584,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $11,905,000 | $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.