1901 E 12 ST TX 78702
| Owner | 2024 12TH STREET EAST CORNER LP |
|---|---|
| Parcel ID | 0208090802 |
| Short ID | 197359 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 4,365 SF |
| Acres | 0.100 |
| Year Built | — |
| Legal | 4364 SQ FT OF LOT 9&10 BLK 16 OLT 58 DIV B FOSTER SUBD |
| Neighborhood | 1EC2 |
| Land | $567,412 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $567,412 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $567,412 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $567,412 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $567,412 |
| Taxable Value | $567,412 |
|---|
Appreciation: Market value has risen +116.7% from $261,883 (2021) to $567,412 (2025), a CAGR of 21.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant 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 $11,612. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($567,412 land vs $0 improvements), about $130/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 $567,412, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +21.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,491,549 by 2030, with an estimated annual tax burden around $28,097. 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.
Market value changed by 86% 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% | $5,249.70 | $5,249.70 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,973.34 | $2,973.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,132.59 | $2,132.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $669.68 | $669.68 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $586.70 | $586.70 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,612.01 | $11,612.01 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $567,412 | $567,412 | +0.0% |
| Assessed Value | $567,412 | $567,412 | +0.0% |
| Land Value | $567,412 | $567,412 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $567,412 | $567,412 | +0.0% |
| Total Tax 2026 = estimate |
~$11,612
Estimated
|
~$11,612
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $567,412 | $567,412 | +0 (+0.0%) |
| Taxable Value | $567,412 | $567,412 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $567,412 | $567,412 | — | — | $567,412 | $567,412 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $567,412 | $567,412 | — | — | $567,412 | $567,412 | ~$11,612 | Partial |
| 2024 | $— | — | — | — | $567,412 | $— | $11,245 | Verified |
| 2023 | $— | — | — | — | $567,412 | $— | $10,266 | Verified |
| 2022 | $— | — | — | — | $305,530 | $— | $6,034 | Verified |
| 2021 | $261,883 | — | — | — | $261,883 | $— | $5,700 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +85.7% ! | +85.7% | ~100% | 1.8100% | Verified |
| 2022 | +16.7% | +16.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +116.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +58.4% | +21.3% | +116.7% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| 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 |
$11,612 | $8,656 | ~$20,363 | $11,612 | 2025 | $5,700 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$688,409 | ~$688,409 | ~2.0139% | ~$13,864 | +21.3% |
| 2027 | ~$835,207 | ~$835,207 | ~1.9814% | ~$16,549 | +47.2% |
| 2028 | ~$1,013,309 | ~$1,013,309 | ~1.9488% | ~$19,748 | +78.6% |
| 2029 | ~$1,229,390 | ~$1,229,390 | ~1.9163% | ~$23,559 | +116.7% |
| 2030 | ~$1,491,549 | ~$1,491,549 | ~1.8837% | ~$28,097 | +162.9% |
| 2026 | ~$677,060 | ~$677,060 | ~2.0465% | ~$13,856 | +19.3% |
| 2027 | ~$807,898 | ~$807,898 | ~2.0465% | ~$16,534 | +42.4% |
| 2028 | ~$964,018 | ~$964,018 | ~2.0465% | ~$19,728 | +69.9% |
| 2029 | ~$1,150,308 | ~$1,150,308 | ~2.0465% | ~$23,541 | +102.7% |
| 2030 | ~$1,372,597 | ~$1,372,597 | ~2.0465% | ~$28,090 | +141.9% |
| 2026 | ~$699,757 | ~$699,757 | ~1.9977% | ~$13,979 | +23.3% |
| 2027 | ~$862,970 | ~$862,970 | ~1.9488% | ~$16,818 | +52.1% |
| 2028 | ~$1,064,252 | ~$1,064,252 | ~1.9000% | ~$20,221 | +87.6% |
| 2029 | ~$1,312,481 | ~$1,312,481 | ~1.8512% | ~$24,297 | +131.3% |
| 2030 | ~$1,618,609 | ~$1,618,609 | ~1.8024% | ~$29,173 | +185.3% |
In 2025, this property's market value of $567,412 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 7× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $567,412 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $261,883 | $6,000 | $14,480 | $80,000 | ↑ 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.