614 E 12 ST TX 78701
| Owner | VOCATIONAL AGRICULTURE |
|---|---|
| Parcel ID | 0208051109 |
| Short ID | 197039 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 6,841 SF |
| Land SF | 11,040 SF |
| Acres | 0.253 |
| Year Built | 2003 |
| Legal | LOT 4 BLOCK 143 ORIGINAL CITY PLUS 1/2 ADJ VAC ALLEY |
| Neighborhood | 53CBD |
| Land | $5,520,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,520,000 |
| Improvement | $1,165,000 |
|---|---|
| Total Improvement | $1,165,000 |
| Market | $6,685,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,685,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,685,000 |
| Taxable Value | $6,685,000 |
|---|
Appreciation: Market value has risen +122.8% from $3,000,000 (2021) to $6,685,000 (2025), a CAGR of 22.2% 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 $136,808. Austin ISD is the largest single contributor, at 43.4% 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 83% of market value ($5,520,000 land vs $1,165,000 improvements), about $500/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $6,685,000, this parcel sits in the top quartile (≥75th 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 +22.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $18,200,219 by 2030, with an estimated annual tax burden around $202,809. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 6,841 SF | ✗ |
| 551 | PAVED AREA | 5,400 SF | ✗ |
| 2ND | 2nd Floor | 3,692 SF | ✓ |
| 487 | PARKING UNDER | 2,072 SF | ✓ |
| 1ST | 1st Floor | 1,800 SF | ✓ |
| 3RD | 3rd Floor | 1,349 SF | ✓ |
| 276 | ELEVATOR COM PAS | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
Market value changed by 121% 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% | $57,362.40 | $57,362.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $32,489.05 | $32,489.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $23,302.39 | $23,302.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,317.43 | $7,317.43 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,410.80 | $6,410.80 | Paid |
| P2U | — | — | — | — | — | — | $5,272.50 | $5,272.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $132,154.57 | $132,154.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,220,730 | $6,685,000 | +8.0% |
| Assessed Value | $7,220,730 | $6,685,000 | +8.0% |
| Land Value | $5,520,000 | $5,520,000 | +0.0% |
| Improvement Value | $1,700,730 | $1,165,000 | +46.0% |
| Taxable Value | $7,220,730 | $6,685,000 | +8.0% |
| Total Tax 2026 = estimate |
~$147,771
Estimated
|
~$132,155
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,934,868 | $7,220,730 | -714,138 (-9.0%) |
| Taxable Value | $7,934,868 | $7,220,730 | -714,138 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,220,730 | $5,520,000 | $1,700,730 | — | $7,220,730 | $7,220,730 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,685,000 | $5,520,000 | $1,165,000 | — | $6,685,000 | $6,685,000 | ~$132,155 | Partial |
| 2024 | $6,300,000 | — | — | −$780,000 | $5,520,000 | $— | $128,359 | Verified |
| 2023 | $4,000,000 | — | — | — | $5,520,000 ! | $— | $117,544 | Verified |
| 2022 | $3,526,000 | — | — | — | $4,000,000 ! | $— | $82,497 | Verified |
| 2021 | $3,000,000 | — | — | −$1,344,000 | $1,656,000 | $— | $79,776 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.7% | +18.7% | ~100% | Not available | Partial |
| 2025 | +4.3% | +4.3% | ~100% | Not available | Partial |
| 2024 | -27.4% | -27.4% | ~100% | 2.0000% | Verified |
| 2023 | +120.7% ! | +120.7% | ~100% | 1.3300% | Verified |
| 2022 | +13.4% | +13.4% | ~100% | 2.0600% | Verified |
| 2021 | base year | — | ~100% | 2.6600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +89.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.0% | +20.5% | +20.4% | +57.5% | 2024 | +6.1% | 2025 |
| Assessment Ratio | 100.0% | 99.0% | — | 138.0% | 2023 | 55.2% | 2021 |
| Effective Tax Rate (2025) | 1.9800% | 1.9800% | — | 1.9800% | 2025 | 1.9800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$132,155 | $108,066 | ~$174,427 | $132,155 | 2025 | $79,776 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,167,637 | ~$7,353,500 | ~2.0139% | ~$148,095 | +22.2% |
| 2027 | ~$9,979,103 | ~$8,088,850 | ~1.9814% | ~$160,272 | +49.3% |
| 2028 | ~$12,192,325 | ~$8,897,735 | ~1.9488% | ~$173,403 | +82.4% |
| 2029 | ~$14,896,408 | ~$9,787,509 | ~1.9163% | ~$187,557 | +122.8% |
| 2030 | ~$18,200,219 | ~$10,766,259 | ~1.8837% | ~$202,809 | +172.3% |
| 2026 | ~$8,033,937 | ~$7,353,500 | ~2.0465% | ~$150,488 | +20.2% |
| 2027 | ~$9,655,071 | ~$8,088,850 | ~2.0465% | ~$165,537 | +44.4% |
| 2028 | ~$11,603,326 | ~$8,897,735 | ~2.0465% | ~$182,091 | +73.6% |
| 2029 | ~$13,944,712 | ~$9,787,509 | ~2.0465% | ~$200,300 | +108.6% |
| 2030 | ~$16,758,555 | ~$10,766,259 | ~2.0465% | ~$220,330 | +150.7% |
| 2026 | ~$8,301,337 | ~$7,353,500 | ~1.9977% | ~$146,898 | +24.2% |
| 2027 | ~$10,308,482 | ~$8,088,850 | ~1.9488% | ~$157,639 | +54.2% |
| 2028 | ~$12,800,926 | ~$8,897,735 | ~1.9000% | ~$169,058 | +91.5% |
| 2029 | ~$15,896,007 | ~$9,787,509 | ~1.8512% | ~$181,186 | +137.8% |
| 2030 | ~$19,739,434 | ~$10,766,259 | ~1.8024% | ~$194,048 | +195.3% |
In 2025, this property's market value of $6,685,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $6,685,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,526,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,000,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 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.