303 E 11 ST 7 TX 78701
| Owner | WORKPLACE AT 1011 LP |
|---|---|
| Parcel ID | 0208031322 |
| Short ID | 785036 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 309 SF |
| Land SF | 54 SF |
| Acres | 0.001 |
| Year Built | 1955 |
| Legal | UNT 7 303 OFFICE CONDOMINIUMS AMENDED PLUS .672 % INT IN COM AREA |
| Neighborhood | 26CBD02 |
| Land | $10,714 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,714 |
| Improvement | $73,808 |
|---|---|
| Total Improvement | $73,808 |
| Market | $84,522 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $84,522 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $84,522 |
| Taxable Value | $84,522 |
|---|
Appreciation: Market value has risen +184.7% from $29,687 (2021) to $84,522 (2025), a CAGR of 29.9% 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 $1,730. 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 ($10,714 land vs $73,808 improvements), about $198/SF of land. Most value sits in the improvements, so building condition, age (~71 yrs), and rent roll drive the underwriting.
Submarket Position: At $84,522, 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 +29.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $312,589 by 2030, with an estimated annual tax burden around $2,564. 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 | 309 SF | ✓ |
Market value changed by 302% 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% | $782.00 | $782.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $442.91 | $442.91 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $317.67 | $317.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $99.76 | $99.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $87.40 | $87.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,729.74 | $1,729.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $92,000 | $84,522 | +8.8% |
| Assessed Value | $92,000 | $84,522 | +8.8% |
| Land Value | $21,428 | $10,714 | +100.0% |
| Improvement Value | $70,572 | $73,808 | -4.4% |
| Taxable Value | $92,000 | $84,522 | +8.8% |
| Total Tax 2026 = estimate |
~$1,883
Estimated
|
~$1,730
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $133,722 | $92,000 | -41,722 (-31.2%) |
| Taxable Value | $101,426 | $92,000 | -9,426 (-9.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $92,000 | $21,428 | $70,572 | — | $92,000 | $92,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $84,522 | $10,714 | $73,808 | — | $84,522 | $84,522 | ~$1,730 | Partial |
| 2024 | $128,300 | — | — | −$117,586 | $10,714 | $— | $1,728 | Verified |
| 2023 | $31,930 | — | — | −$21,216 | $10,714 | $— | $2,321 | Verified |
| 2022 | $31,000 | — | — | −$20,286 | $10,714 | $— | $631 | Verified |
| 2021 | $29,687 | — | — | −$18,973 | $10,714 | $— | $675 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +58.2% | +20.0% | 75.8% | Not available | Partial |
| 2025 | -3.1% | -3.1% | ~100% | Not available | Partial |
| 2024 | -32.0% | -32.0% | ~100% | 1.9800% | Verified |
| 2023 | +301.8% ! | +301.8% | ~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): +172.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.8% | +56.8% | +27.8% | +301.8% | 2024 | -34.1% | 2025 |
| Assessment Ratio | 100.0% | 52.1% | — | 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 |
$1,730 | $1,417 | ~$2,205 | $2,321 | 2023 | $631 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$109,792 | ~$92,974 | ~2.0139% | ~$1,872 | +29.9% |
| 2027 | ~$142,617 | ~$102,272 | ~1.9814% | ~$2,026 | +68.7% |
| 2028 | ~$185,256 | ~$112,499 | ~1.9488% | ~$2,192 | +119.2% |
| 2029 | ~$240,643 | ~$123,749 | ~1.9163% | ~$2,371 | +184.7% |
| 2030 | ~$312,589 | ~$136,124 | ~1.8837% | ~$2,564 | +269.8% |
| 2026 | ~$108,102 | ~$92,974 | ~2.0465% | ~$1,903 | +27.9% |
| 2027 | ~$138,259 | ~$102,272 | ~2.0465% | ~$2,093 | +63.6% |
| 2028 | ~$176,830 | ~$112,499 | ~2.0465% | ~$2,302 | +109.2% |
| 2029 | ~$226,161 | ~$123,749 | ~2.0465% | ~$2,533 | +167.6% |
| 2030 | ~$289,255 | ~$136,124 | ~2.0465% | ~$2,786 | +242.2% |
| 2026 | ~$111,482 | ~$92,974 | ~1.9977% | ~$1,857 | +31.9% |
| 2027 | ~$147,043 | ~$102,272 | ~1.9488% | ~$1,993 | +74.0% |
| 2028 | ~$193,945 | ~$112,499 | ~1.9000% | ~$2,137 | +129.5% |
| 2029 | ~$255,809 | ~$123,749 | ~1.8512% | ~$2,291 | +202.7% |
| 2030 | ~$337,406 | ~$136,124 | ~1.8024% | ~$2,453 | +299.2% |
In 2025, this property's market value of $84,522 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -94% 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 | $84,522 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $128,300 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $31,930 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $31,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $29,687 | $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.