303 E 11 ST 8A TX 78701
| Owner | WORKPLACE AT 1011 LP |
|---|---|
| Parcel ID | 0208031319 |
| Short ID | 785033 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 174 SF |
| Land SF | 30 SF |
| Acres | 0.001 |
| Year Built | 1955 |
| Legal | UNT 8A 303 OFFICE CONDOMINIUMS AMENDED PLUS .379 % INT IN COM AREA |
| Neighborhood | 26CBD02 |
| Land | $6,042 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,042 |
| Improvement | $37,848 |
|---|---|
| Total Improvement | $37,848 |
| Market | $43,890 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $43,890 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $43,890 |
| Taxable Value | $43,890 |
|---|
Appreciation: Market value has risen +162.5% from $16,720 (2021) to $43,890 (2025), a CAGR of 27.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 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 $898. 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 14% of market value ($6,042 land vs $37,848 improvements), about $201/SF of land. Most value sits in the improvements, so building condition, age (~71 yrs), and rent roll drive the underwriting.
Submarket Position: At $43,890, 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 +27.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $146,648 by 2030, with an estimated annual tax burden around $1,332. 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 | 174 SF | ✓ |
Market value changed by 312% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $406.07 | $406.07 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $229.99 | $229.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $164.96 | $164.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $51.80 | $51.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $45.38 | $45.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $898.20 | $898.20 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $53,000 | $43,890 | +20.8% |
| Assessed Value | $52,668 | $43,890 | +20.0% |
| Land Value | $12,084 | $6,042 | +100.0% |
| Improvement Value | $40,916 | $37,848 | +8.1% |
| Taxable Value | $52,668 | $43,890 | +20.0% |
| HS Cap Loss | -$332 | — | |
| Total Tax 2026 = estimate |
~$1,078
Estimated
|
~$898
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $75,317 | $53,000 | -22,317 (-29.6%) |
| Taxable Value | $52,668 | $52,668 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $53,000 | $12,084 | $40,916 | −$332 | $52,668 | $52,668 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $43,890 | $6,042 | $37,848 | — | $43,890 | $43,890 | ~$898 | Partial |
| 2024 | $72,200 | — | — | −$66,158 | $6,042 | $— | $973 | Verified |
| 2023 | $17,510 | — | — | −$11,468 | $6,042 | $— | $1,306 | Verified |
| 2022 | $17,000 | — | — | −$10,958 | $6,042 | $— | $346 | Verified |
| 2021 | $16,720 | — | — | −$10,678 | $6,042 | $— | $370 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +71.6% | +20.0% | 69.9% | Not available | Partial |
| 2025 | -10.6% | -10.6% | ~100% | Not available | Partial |
| 2024 | -32.0% | -32.0% | ~100% | 1.9800% | Verified |
| 2023 | +312.3% ! | +312.3% | ~100% | 1.8100% | Verified |
| 2022 | +3.0% | +3.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +158.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +20.8% | +59.7% | +22.9% | +312.3% | 2024 | -39.2% | 2025 |
| Assessment Ratio | 99.4% | 52.3% | — | 100.0% | 2025 | 8.4% | 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 |
$898 | $779 | ~$1,145 | $1,306 | 2023 | $346 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$55,866 | ~$48,279 | ~2.0139% | ~$972 | +27.3% |
| 2027 | ~$71,110 | ~$53,107 | ~1.9814% | ~$1,052 | +62.0% |
| 2028 | ~$90,513 | ~$58,418 | ~1.9488% | ~$1,138 | +106.2% |
| 2029 | ~$115,211 | ~$64,259 | ~1.9163% | ~$1,231 | +162.5% |
| 2030 | ~$146,648 | ~$70,685 | ~1.8837% | ~$1,332 | +234.1% |
| 2026 | ~$54,988 | ~$48,279 | ~2.0465% | ~$988 | +25.3% |
| 2027 | ~$68,893 | ~$53,107 | ~2.0465% | ~$1,087 | +57.0% |
| 2028 | ~$86,313 | ~$58,418 | ~2.0465% | ~$1,196 | +96.7% |
| 2029 | ~$108,139 | ~$64,259 | ~2.0465% | ~$1,315 | +146.4% |
| 2030 | ~$135,484 | ~$70,685 | ~2.0465% | ~$1,447 | +208.7% |
| 2026 | ~$56,744 | ~$48,279 | ~1.9977% | ~$964 | +29.3% |
| 2027 | ~$73,362 | ~$53,107 | ~1.9488% | ~$1,035 | +67.1% |
| 2028 | ~$94,847 | ~$58,418 | ~1.9000% | ~$1,110 | +116.1% |
| 2029 | ~$122,625 | ~$64,259 | ~1.8512% | ~$1,190 | +179.4% |
| 2030 | ~$158,537 | ~$70,685 | ~1.8024% | ~$1,274 | +261.2% |
In 2025, this property's market value of $43,890 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -97% 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 | $43,890 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $72,200 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $17,510 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $17,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $16,720 | $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.