1915 E M L KING JR BLVD TX 78702
| Owner | 1915 E MLK LLC |
|---|---|
| Parcel ID | 0209090302 |
| Short ID | 198475 |
| Type | Real |
| Use Code | 88 Treatment / Rehab Center |
| Valuation | Cost |
| Improvement SF | 17,547 SF |
| Land SF | 19,175 SF |
| Acres | 0.440 |
| Year Built | 1962 |
| Legal | LOT 4&5 BLK 1 OLT 35 DIV B CROWS SUBD |
| Neighborhood | 88REH |
| Land | $1,725,750 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,725,750 |
| Improvement | $2,811,645 |
|---|---|
| Total Improvement | $2,811,645 |
| Market | $4,537,395 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,537,395 |
| Value Limitation Adjustment (−) (homestead cap) | −$534,915 |
| Net Appraised (assessed) | $4,002,480 |
| Taxable Value | $4,002,480 |
|---|
Appreciation: Market value has risen +102.4% from $2,241,878 (2021) to $4,537,395 (2025), a CAGR of 19.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $81,910. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($4,002,480) is $534,915 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 38% of market value ($1,725,750 land vs $2,811,645 improvements), about $90/SF of land. Most value sits in the improvements, so building condition, age (~64 yrs), and rent roll drive the underwriting.
Submarket Position: At $4,537,395, 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 +19.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,953,423 by 2030, with an estimated annual tax burden around $121,427. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 9,094 SF | ✓ |
| 2ND | 2nd Floor | 8,453 SF | ✓ |
| 551 | PAVED AREA | 6,384 SF | ✗ |
| SO | Sketch Only | 3,960 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,260 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,260 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% | $37,030.94 | $37,030.94 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $20,973.68 | $20,973.68 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $15,043.12 | $15,043.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,723.85 | $4,723.85 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,138.56 | $4,138.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $81,910.15 | $81,910.15 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,537,395 | $4,537,395 | +0.0% |
| Assessed Value | $4,537,395 | $4,002,480 | +13.4% |
| Land Value | $1,725,750 | $1,725,750 | +0.0% |
| Improvement Value | $2,811,645 | $2,811,645 | +0.0% |
| Taxable Value | $4,537,395 | $4,002,480 | +13.4% |
| Total Tax 2026 = estimate |
~$92,857
Estimated
|
~$81,910
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,730,449 | $4,537,395 | -193,054 (-4.1%) |
| Taxable Value | $4,730,449 | $4,537,395 | -193,054 (-4.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,537,395 | $1,725,750 | $2,811,645 | — | $4,537,395 | $4,537,395 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,537,395 | $1,725,750 | $2,811,645 | −$534,915 | $4,002,480 | $4,002,480 | ~$81,910 | Partial |
| 2024 | $2,779,500 | — | — | −$1,053,750 | $1,725,750 | $— | $66,101 | Verified |
| 2023 | $2,550,000 | — | — | −$824,250 | $1,725,750 | $— | $50,288 | Verified |
| 2022 | $2,243,917 | — | — | −$901,667 | $1,342,250 | $— | $50,361 | Verified |
| 2021 | $2,241,878 | — | — | −$899,628 | $1,342,250 | $— | $48,843 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.3% | +18.2% | ~100% | Not available | Partial |
| 2025 | +1.6% | +20.0% | 88.2% | Not available | Partial |
| 2024 | +60.7% | +20.0% | 74.7% | 1.4800% | Verified |
| 2023 | +9.0% | +9.0% | ~100% | 1.8100% | Verified |
| 2022 | +13.6% | +13.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +102.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +17.2% | +19.3% | +63.2% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 73.0% | — | 100.0% | 2026 | 59.8% | 2022 |
| Effective Tax Rate (2025) | 1.8100% | 1.8100% | — | 1.8100% | 2025 | 1.8100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$81,910 | $59,501 | ~$104,434 | $81,910 | 2025 | $48,843 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,411,968 | ~$4,402,728 | ~2.0139% | ~$88,668 | +19.3% |
| 2027 | ~$6,455,114 | ~$4,843,001 | ~1.9814% | ~$95,959 | +42.3% |
| 2028 | ~$7,699,323 | ~$5,327,301 | ~1.9488% | ~$103,821 | +69.7% |
| 2029 | ~$9,183,351 | ~$5,860,031 | ~1.9163% | ~$112,295 | +102.4% |
| 2030 | ~$10,953,423 | ~$6,446,034 | ~1.8837% | ~$121,427 | +141.4% |
| 2026 | ~$5,321,220 | ~$4,402,728 | ~2.0465% | ~$90,101 | +17.3% |
| 2027 | ~$6,240,450 | ~$4,843,001 | ~2.0465% | ~$99,111 | +37.5% |
| 2028 | ~$7,318,474 | ~$5,327,301 | ~2.0465% | ~$109,022 | +61.3% |
| 2029 | ~$8,582,725 | ~$5,860,031 | ~2.0465% | ~$119,925 | +89.2% |
| 2030 | ~$10,065,373 | ~$6,446,034 | ~2.0465% | ~$131,917 | +121.8% |
| 2026 | ~$5,502,716 | ~$4,402,728 | ~1.9977% | ~$87,952 | +21.3% |
| 2027 | ~$6,673,407 | ~$4,843,001 | ~1.9488% | ~$94,382 | +47.1% |
| 2028 | ~$8,093,161 | ~$5,327,301 | ~1.9000% | ~$101,220 | +78.4% |
| 2029 | ~$9,814,963 | ~$5,860,031 | ~1.8512% | ~$108,481 | +116.3% |
| 2030 | ~$11,903,076 | ~$6,446,034 | ~1.8024% | ~$116,181 | +162.3% |
In 2025, this property's market value of $4,537,395 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,537,395 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $2,779,500 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,550,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,243,917 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,241,878 | $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.