303 E 11 ST 8B TX 78701
| Owner | WORKPLACE AT 1011 LP |
|---|---|
| Parcel ID | 0208031320 |
| Short ID | 785034 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 85 SF |
| Land SF | 15 SF |
| Acres | 0.000 |
| Year Built | 1955 |
| Legal | UNT 8B 303 OFFICE CONDOMINIUMS AMENDED PLUS .185 % INT IN COM AREA |
| Neighborhood | 26CBD02 |
| Land | $2,950 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,950 |
| Improvement | $18,489 |
|---|---|
| Total Improvement | $18,489 |
| Market | $21,439 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $21,439 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $21,439 |
| Taxable Value | $21,439 |
|---|
Appreciation: Market value has risen +175.9% from $7,770 (2021) to $21,439 (2025), a CAGR of 28.9% 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 $439. 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 ($2,950 land vs $18,489 improvements), about $197/SF of land. Most value sits in the improvements, so building condition, age (~71 yrs), and rent roll drive the underwriting.
Submarket Position: At $21,439, 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 +28.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $76,240 by 2030, with an estimated annual tax burden around $650. 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 | 85 SF | ✓ |
Market value changed by 328% 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% | $198.35 | $198.35 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $112.34 | $112.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $80.58 | $80.58 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $25.30 | $25.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $22.17 | $22.17 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $438.74 | $438.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $26,000 | $21,439 | +21.3% |
| Assessed Value | $25,727 | $21,439 | +20.0% |
| Land Value | $5,900 | $2,950 | +100.0% |
| Improvement Value | $20,100 | $18,489 | +8.7% |
| Taxable Value | $25,727 | $21,439 | +20.0% |
| HS Cap Loss | -$273 | — | |
| Total Tax 2026 = estimate |
~$526
Estimated
|
~$439
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $36,790 | $26,000 | -10,790 (-29.3%) |
| Taxable Value | $25,727 | $25,727 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $26,000 | $5,900 | $20,100 | −$273 | $25,727 | $25,727 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $21,439 | $2,950 | $18,489 | — | $21,439 | $21,439 | ~$439 | Partial |
| 2024 | $35,300 | — | — | −$32,350 | $2,950 | $— | $475 | Verified |
| 2023 | $8,240 | — | — | −$5,290 | $2,950 | $— | $639 | Verified |
| 2022 | $8,000 | — | — | −$5,050 | $2,950 | $— | $163 | Verified |
| 2021 | $7,770 | — | — | −$4,820 | $2,950 | $— | $174 | 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 | +328.4% ! | +328.4% | ~100% | 1.8100% | Verified |
| 2022 | +3.0% | +3.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +168.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +21.3% | +63.3% | +24.4% | +328.4% | 2024 | -39.3% | 2025 |
| Assessment Ratio | 99.0% | 53.0% | — | 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 |
$439 | $378 | ~$559 | $639 | 2023 | $163 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$27,631 | ~$23,583 | ~2.0139% | ~$475 | +28.9% |
| 2027 | ~$35,612 | ~$25,941 | ~1.9814% | ~$514 | +66.1% |
| 2028 | ~$45,898 | ~$28,535 | ~1.9488% | ~$556 | +114.1% |
| 2029 | ~$59,155 | ~$31,389 | ~1.9163% | ~$602 | +175.9% |
| 2030 | ~$76,240 | ~$34,528 | ~1.8837% | ~$650 | +255.6% |
| 2026 | ~$27,202 | ~$23,583 | ~2.0465% | ~$483 | +26.9% |
| 2027 | ~$34,515 | ~$25,941 | ~2.0465% | ~$531 | +61.0% |
| 2028 | ~$43,794 | ~$28,535 | ~2.0465% | ~$584 | +104.3% |
| 2029 | ~$55,567 | ~$31,389 | ~2.0465% | ~$642 | +159.2% |
| 2030 | ~$70,505 | ~$34,528 | ~2.0465% | ~$707 | +228.9% |
| 2026 | ~$28,060 | ~$23,583 | ~1.9977% | ~$471 | +30.9% |
| 2027 | ~$36,726 | ~$25,941 | ~1.9488% | ~$506 | +71.3% |
| 2028 | ~$48,068 | ~$28,535 | ~1.9000% | ~$542 | +124.2% |
| 2029 | ~$62,913 | ~$31,389 | ~1.8512% | ~$581 | +193.5% |
| 2030 | ~$82,342 | ~$34,528 | ~1.8024% | ~$622 | +284.1% |
In 2025, this property's market value of $21,439 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -98% 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 | $21,439 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $35,300 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $8,240 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $8,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $7,770 | $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.