303 E 11 ST 205 TX 78701
| Owner | WORKPLACE AT 1011 LP |
|---|---|
| Parcel ID | 0208031306 |
| Short ID | 739848 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 1,031 SF |
| Land SF | 179 SF |
| Acres | 0.004 |
| Year Built | 1955 |
| Legal | UNT 205 303 OFFICE CONDOMINIUMS AMENDED PLUS 2.243 % INT IN COM AREA |
| Neighborhood | 26CBD02 |
| Land | $35,760 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $35,760 |
| Improvement | $245,213 |
|---|---|
| Total Improvement | $245,213 |
| Market | $280,973 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $280,973 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $280,973 |
| Taxable Value | $280,973 |
|---|
Appreciation: Market value has fallen -11.1% from $316,189 (2021) to $280,973 (2025), a CAGR of -2.9% 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 $5,750. 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 13% of market value ($35,760 land vs $245,213 improvements), about $200/SF of land. Most value sits in the improvements, so building condition, age (~71 yrs), and rent roll drive the underwriting.
Submarket Position: At $280,973, this parcel sits in the bottom quartile (<25th 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 -2.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $242,416 by 2030, with an estimated annual tax burden around $4,566. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,031 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% | $2,599.56 | $2,599.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,472.35 | $1,472.35 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,056.02 | $1,056.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $331.61 | $331.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $290.53 | $290.53 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $5,750.07 | $5,750.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $300,000 | $280,973 | +6.8% |
| Assessed Value | $300,000 | $280,973 | +6.8% |
| Land Value | $71,520 | $35,760 | +100.0% |
| Improvement Value | $228,480 | $245,213 | -6.8% |
| Taxable Value | $300,000 | $280,973 | +6.8% |
| Total Tax 2026 = estimate |
~$6,139
Estimated
|
~$5,750
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $446,195 | $300,000 | -146,195 (-32.8%) |
| Taxable Value | $337,168 | $300,000 | -37,168 (-11.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $300,000 | $71,520 | $228,480 | — | $300,000 | $300,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $280,973 | $35,760 | $245,213 | — | $280,973 | $280,973 | ~$5,750 | Partial |
| 2024 | $415,000 | — | — | −$379,240 | $35,760 | $— | $5,767 | Verified |
| 2023 | $346,080 | — | — | −$310,320 | $35,760 | $— | $7,508 | Verified |
| 2022 | $336,000 | — | — | −$300,240 | $35,760 | $— | $6,835 | Verified |
| 2021 | $316,189 | — | — | −$280,429 | $35,760 | $— | $7,314 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +58.8% | +20.0% | 75.6% | Not available | Partial |
| 2025 | -3.4% | -3.4% | ~100% | Not available | Partial |
| 2024 | -29.9% | -29.9% | ~100% | 1.9800% | Verified |
| 2023 | +19.9% | +19.9% | ~100% | 1.8100% | Verified |
| 2022 | +3.0% | +3.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -16.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.8% | +0.7% | -4.1% | +19.9% | 2024 | -32.3% | 2025 |
| Assessment Ratio | 100.0% | 40.1% | — | 100.0% | 2025 | 8.6% | 2024 |
| 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 |
$5,750 | $6,635 | ~$5,021 | $7,508 | 2023 | $5,750 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$272,800 | ~$272,800 | ~2.0139% | ~$5,494 | -2.9% |
| 2027 | ~$264,864 | ~$264,864 | ~1.9814% | ~$5,248 | -5.7% |
| 2028 | ~$257,160 | ~$257,160 | ~1.9488% | ~$5,012 | -8.5% |
| 2029 | ~$249,679 | ~$249,679 | ~1.9163% | ~$4,785 | -11.1% |
| 2030 | ~$242,416 | ~$242,416 | ~1.8837% | ~$4,566 | -13.7% |
| 2026 | ~$267,180 | ~$267,180 | ~2.0465% | ~$5,468 | -4.9% |
| 2027 | ~$254,065 | ~$254,065 | ~2.0465% | ~$5,199 | -9.6% |
| 2028 | ~$241,593 | ~$241,593 | ~2.0465% | ~$4,944 | -14.0% |
| 2029 | ~$229,733 | ~$229,733 | ~2.0465% | ~$4,701 | -18.2% |
| 2030 | ~$218,456 | ~$218,456 | ~2.0465% | ~$4,471 | -22.3% |
| 2026 | ~$278,419 | ~$278,419 | ~1.9977% | ~$5,562 | -0.9% |
| 2027 | ~$275,889 | ~$275,889 | ~1.9488% | ~$5,377 | -1.8% |
| 2028 | ~$273,381 | ~$273,381 | ~1.9000% | ~$5,194 | -2.7% |
| 2029 | ~$270,896 | ~$270,896 | ~1.8512% | ~$5,015 | -3.6% |
| 2030 | ~$268,434 | ~$268,434 | ~1.8024% | ~$4,838 | -4.5% |
In 2025, this property's market value of $280,973 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -80% 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 | $280,973 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $415,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $346,080 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $336,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $316,189 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.