1406 WALLER ST TX 78702
| Owner | PT HOLDINGS LLC |
|---|---|
| Parcel ID | 0209060505 |
| Short ID | 198316 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,254 SF |
| Land SF | 9,583 SF |
| Acres | 0.220 |
| Year Built | 1987 |
| Legal | 0.2200 AC OF LOT 11-12 OLT 42 DIVISION B |
| Neighborhood | 53EAS |
| Land | $766,656 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $766,656 |
| Improvement | $1,133,344 |
|---|---|
| Total Improvement | $1,133,344 |
| Market | $1,900,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,900,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,900,000 |
| Taxable Value | $1,900,000 |
|---|
Appreciation: Market value has risen +46.3% from $1,298,457 (2021) to $1,900,000 (2025), a CAGR of 10.0% 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 $38,883. 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 40% of market value ($766,656 land vs $1,133,344 improvements), about $80/SF of land. Most value sits in the improvements, so building condition, age (~39 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,900,000, this parcel sits in the upper-middle (50th–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 +10.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,057,815 by 2030, with an estimated annual tax burden around $57,601. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,127 SF | ✓ |
| 2ND | 2nd Floor | 2,127 SF | ✓ |
| 551 | PAVED AREA | 2,000 SF | ✗ |
| ATTIC | Attic | 617 SF | ✓ |
| 511 | DECK | 336 SF | ✗ |
| 413 | STAIRWAY EXT | 1 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% | $17,578.80 | $17,578.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,956.32 | $9,956.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,141.06 | $7,141.06 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,242.44 | $2,242.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,964.60 | $1,964.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $38,883.22 | $38,883.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,798,276 | $1,900,000 | -5.4% |
| Assessed Value | $1,798,276 | $1,900,000 | -5.4% |
| Land Value | $766,656 | $766,656 | +0.0% |
| Improvement Value | $1,031,620 | $1,133,344 | -9.0% |
| Taxable Value | $1,798,276 | $1,900,000 | -5.4% |
| Total Tax 2026 = estimate |
~$36,801
Estimated
|
~$38,883
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,912,917 | $1,798,276 | -114,641 (-6.0%) |
| Taxable Value | $1,912,917 | $1,798,276 | -114,641 (-6.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,798,276 | $766,656 | $1,031,620 | — | $1,798,276 | $1,798,276 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,900,000 | $766,656 | $1,133,344 | — | $1,900,000 | $1,900,000 | ~$38,883 | Partial |
| 2024 | $2,161,874 | — | — | −$1,395,218 | $766,656 | $— | $35,152 | Verified |
| 2023 | $1,700,000 | — | — | −$933,344 | $766,656 | $— | $39,114 | Verified |
| 2022 | $1,298,457 | — | — | −$531,801 | $766,656 | $— | $33,574 | Verified |
| 2021 | $1,298,457 | — | — | −$531,801 | $766,656 | $— | $26,727 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.7% | +0.7% | ~100% | Not available | Partial |
| 2025 | +7.1% | +7.1% | ~100% | Not available | Partial |
| 2024 | -18.0% | -18.0% | ~100% | 1.9800% | Verified |
| 2023 | +11.1% | +11.1% | ~100% | 1.8100% | Verified |
| 2022 | +40.8% | +40.8% | ~100% | 1.7300% | Verified |
| 2021 | base year | — | ~100% | 2.0600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +37.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.4% | +8.1% | +11.2% | +30.9% | 2023 | -12.1% | 2025 |
| Assessment Ratio | 100.0% | 66.4% | — | 100.0% | 2025 | 35.5% | 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 |
$38,883 | $34,690 | ~$49,553 | $39,114 | 2023 | $26,727 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,089,706 | ~$2,089,706 | ~2.0139% | ~$42,085 | +10.0% |
| 2027 | ~$2,298,352 | ~$2,298,352 | ~1.9814% | ~$45,539 | +21.0% |
| 2028 | ~$2,527,832 | ~$2,527,832 | ~1.9488% | ~$49,263 | +33.0% |
| 2029 | ~$2,780,223 | ~$2,780,223 | ~1.9163% | ~$53,277 | +46.3% |
| 2030 | ~$3,057,815 | ~$3,057,815 | ~1.8837% | ~$57,601 | +60.9% |
| 2026 | ~$2,051,706 | ~$2,051,706 | ~2.0465% | ~$41,988 | +8.0% |
| 2027 | ~$2,215,524 | ~$2,215,524 | ~2.0465% | ~$45,340 | +16.6% |
| 2028 | ~$2,392,423 | ~$2,392,423 | ~2.0465% | ~$48,961 | +25.9% |
| 2029 | ~$2,583,446 | ~$2,583,446 | ~2.0465% | ~$52,870 | +36.0% |
| 2030 | ~$2,789,721 | ~$2,789,721 | ~2.0465% | ~$57,091 | +46.8% |
| 2026 | ~$2,127,706 | ~$2,090,000 | ~1.9977% | ~$41,751 | +12.0% |
| 2027 | ~$2,382,701 | ~$2,299,000 | ~1.9488% | ~$44,804 | +25.4% |
| 2028 | ~$2,668,255 | ~$2,528,900 | ~1.9000% | ~$48,050 | +40.4% |
| 2029 | ~$2,988,033 | ~$2,781,790 | ~1.8512% | ~$51,496 | +57.3% |
| 2030 | ~$3,346,134 | ~$3,059,969 | ~1.8024% | ~$55,152 | +76.1% |
In 2025, this property's market value of $1,900,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +34% above 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 | $1,900,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,161,874 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,700,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,298,457 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,298,457 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.