303 E 11 ST 9 TX 78701
| Owner | WORKPLACE AT 1011 LP |
|---|---|
| Parcel ID | 0208031321 |
| Short ID | 785035 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 82 SF |
| Land SF | 14 SF |
| Acres | 0.000 |
| Year Built | 1955 |
| Legal | UNT 9 303 OFFICE CONDOMINIUMS AMENDED PLUS .178 % INT IN COM AREA |
| Neighborhood | 26CBD02 |
| Land | $2,838 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,838 |
| Improvement | $17,838 |
|---|---|
| Total Improvement | $17,838 |
| Market | $20,676 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $20,676 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $20,676 |
| Taxable Value | $20,676 |
|---|
Appreciation: Market value has risen +169.3% from $7,678 (2021) to $20,676 (2025), a CAGR of 28.1% 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 $423. 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 ($2,838 land vs $17,838 improvements), about $203/SF of land. Most value sits in the improvements, so building condition, age (~71 yrs), and rent roll drive the underwriting.
Submarket Position: At $20,676, 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 +28.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $71,325 by 2030, with an estimated annual tax burden around $627. 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 | 82 SF | ✓ |
Market value changed by 313% 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% | $191.29 | $191.29 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $108.35 | $108.35 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $77.71 | $77.71 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $24.40 | $24.40 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $21.38 | $21.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $423.13 | $423.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $25,000 | $20,676 | +20.9% |
| Assessed Value | $24,811 | $20,676 | +20.0% |
| Land Value | $5,676 | $2,838 | +100.0% |
| Improvement Value | $19,324 | $17,838 | +8.3% |
| Taxable Value | $24,811 | $20,676 | +20.0% |
| HS Cap Loss | -$189 | — | |
| Total Tax 2026 = estimate |
~$508
Estimated
|
~$423
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $35,476 | $25,000 | -10,476 (-29.5%) |
| Taxable Value | $24,811 | $24,811 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $25,000 | $5,676 | $19,324 | −$189 | $24,811 | $24,811 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $20,676 | $2,838 | $17,838 | — | $20,676 | $20,676 | ~$423 | Partial |
| 2024 | $34,000 | — | — | −$31,162 | $2,838 | $— | $459 | Verified |
| 2023 | $8,240 | — | — | −$5,402 | $2,838 | $— | $615 | Verified |
| 2022 | $8,000 | — | — | −$5,162 | $2,838 | $— | $163 | Verified |
| 2021 | $7,678 | — | — | −$4,840 | $2,838 | $— | $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 | +312.6% ! | +312.6% | ~100% | 1.8100% | Verified |
| 2022 | +3.0% | +3.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +158.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +20.9% | +60.3% | +23.7% | +312.6% | 2024 | -39.2% | 2025 |
| Assessment Ratio | 99.2% | 52.4% | — | 100.0% | 2025 | 8.3% | 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 |
$423 | $367 | ~$539 | $615 | 2023 | $163 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$26,486 | ~$22,744 | ~2.0139% | ~$458 | +28.1% |
| 2027 | ~$33,929 | ~$25,018 | ~1.9814% | ~$496 | +64.1% |
| 2028 | ~$43,464 | ~$27,520 | ~1.9488% | ~$536 | +110.2% |
| 2029 | ~$55,678 | ~$30,272 | ~1.9163% | ~$580 | +169.3% |
| 2030 | ~$71,325 | ~$33,299 | ~1.8837% | ~$627 | +245.0% |
| 2026 | ~$26,073 | ~$22,744 | ~2.0465% | ~$465 | +26.1% |
| 2027 | ~$32,878 | ~$25,018 | ~2.0465% | ~$512 | +59.0% |
| 2028 | ~$41,460 | ~$27,520 | ~2.0465% | ~$563 | +100.5% |
| 2029 | ~$52,282 | ~$30,272 | ~2.0465% | ~$620 | +152.9% |
| 2030 | ~$65,928 | ~$33,299 | ~2.0465% | ~$681 | +218.9% |
| 2026 | ~$26,900 | ~$22,744 | ~1.9977% | ~$454 | +30.1% |
| 2027 | ~$34,997 | ~$25,018 | ~1.9488% | ~$488 | +69.3% |
| 2028 | ~$45,532 | ~$27,520 | ~1.9000% | ~$523 | +120.2% |
| 2029 | ~$59,238 | ~$30,272 | ~1.8512% | ~$560 | +186.5% |
| 2030 | ~$77,069 | ~$33,299 | ~1.8024% | ~$600 | +272.7% |
In 2025, this property's market value of $20,676 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -99% 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 | $20,676 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $34,000 | $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 | $7,678 | $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.