1212 CHICON ST 103 78702
| Owner | LANDLORD LITSA LLC |
|---|---|
| Parcel ID | 0208094904 |
| Short ID | 914852 |
| Type | Real |
| Use Code | 23 Small Office Condo |
| Valuation | Income |
| Improvement SF | 947 SF |
| Land SF | 1,173 SF |
| Acres | 0.027 |
| Year Built | 2017 |
| Legal | UNT 103 CHICON AT JOYCE AMENDED THE PLUS 7.5022 % INT IN COM AREA |
| Neighborhood | 24EC03 |
| Land | $46,937 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $46,937 |
| Improvement | $527,063 |
|---|---|
| Total Improvement | $527,063 |
| Market | $574,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $574,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $574,000 |
| Taxable Value | $574,000 |
|---|
Appreciation: Market value has risen +50.6% from $381,052 (2021) to $574,000 (2025), a CAGR of 10.8% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $11,747. 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 8% of market value ($46,937 land vs $527,063 improvements), about $40/SF of land. Most value sits in the improvements, so building condition, age (~9 yrs), and rent roll drive the underwriting.
Submarket Position: At $574,000, 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 +10.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $957,903 by 2030, with an estimated annual tax burden around $17,414. 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 | 947 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $5,310.65 | $5,310.65 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,007.86 | $3,007.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,157.35 | $2,157.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $677.45 | $677.45 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $593.52 | $593.52 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,746.83 | $11,746.83 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $574,000 | $574,000 | +0.0% |
| Assessed Value | $574,000 | $574,000 | +0.0% |
| Land Value | $46,937 | $46,937 | +0.0% |
| Improvement Value | $527,063 | $527,063 | +0.0% |
| Taxable Value | $574,000 | $574,000 | +0.0% |
| Total Tax 2026 = estimate |
~$11,747
Estimated
|
~$11,747
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $615,338 | $574,000 | -41,338 (-6.7%) |
| Taxable Value | $615,338 | $574,000 | -41,338 (-6.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $574,000 | $46,937 | $527,063 | — | $574,000 | $574,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $574,000 | $46,937 | $527,063 | — | $574,000 | $574,000 | ~$11,747 | Partial |
| 2024 | $511,107 | — | — | −$464,170 | $46,937 | $— | $12,155 | Verified |
| 2023 | $438,215 | — | — | −$391,278 | $46,937 | $— | $9,247 | Verified |
| 2022 | $433,836 | — | — | −$386,899 | $46,937 | $— | $8,654 | Verified |
| 2021 | $381,052 | — | — | −$334,115 | $46,937 | $— | $9,443 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.2% | +7.2% | ~100% | Not available | Partial |
| 2025 | -32.4% | -6.4% | ~100% | Not available | Partial |
| 2024 | +66.2% | +20.0% | 72.2% | 1.4300% | Verified |
| 2023 | +16.6% | +16.6% | ~100% | 1.8100% | Verified |
| 2022 | +1.0% | +1.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +32.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +8.8% | +10.8% | +16.6% | 2024 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 40.5% | — | 100.0% | 2025 | 9.2% | 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 |
$11,747 | $10,249 | ~$14,977 | $12,155 | 2024 | $8,654 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$635,907 | ~$631,400 | ~2.0139% | ~$12,716 | +10.8% |
| 2027 | ~$704,491 | ~$694,540 | ~1.9814% | ~$13,762 | +22.7% |
| 2028 | ~$780,473 | ~$763,994 | ~1.9488% | ~$14,889 | +36.0% |
| 2029 | ~$864,648 | ~$840,393 | ~1.9163% | ~$16,104 | +50.6% |
| 2030 | ~$957,903 | ~$924,433 | ~1.8837% | ~$17,414 | +66.9% |
| 2026 | ~$624,427 | ~$624,427 | ~2.0465% | ~$12,779 | +8.8% |
| 2027 | ~$679,285 | ~$679,285 | ~2.0465% | ~$13,901 | +18.3% |
| 2028 | ~$738,962 | ~$738,962 | ~2.0465% | ~$15,123 | +28.7% |
| 2029 | ~$803,881 | ~$803,881 | ~2.0465% | ~$16,451 | +40.0% |
| 2030 | ~$874,504 | ~$874,504 | ~2.0465% | ~$17,897 | +52.4% |
| 2026 | ~$647,387 | ~$631,400 | ~1.9977% | ~$12,613 | +12.8% |
| 2027 | ~$730,157 | ~$694,540 | ~1.9488% | ~$13,535 | +27.2% |
| 2028 | ~$823,510 | ~$763,994 | ~1.9000% | ~$14,516 | +43.5% |
| 2029 | ~$928,797 | ~$840,393 | ~1.8512% | ~$15,557 | +61.8% |
| 2030 | ~$1,047,546 | ~$924,433 | ~1.8024% | ~$16,662 | +82.5% |
In 2025, this property's market value of $574,000 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -60% 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 | $574,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $511,107 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $438,215 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $433,836 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $381,052 | $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.