2941 E 12 ST TX 78702
| Owner | BENNETT JOEL |
|---|---|
| Parcel ID | 0209140116 |
| Short ID | 198742 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,452 SF |
| Land SF | 15,940 SF |
| Acres | 0.366 |
| Year Built | 1946 |
| Legal | IMPS ONLY ON .384 AC OLT 14 DIVISION B |
| Neighborhood | 59EAS |
| Land | $1,243,320 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,243,320 |
| Improvement | $538,377 |
|---|---|
| Total Improvement | $538,377 |
| Market | $1,882,524 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,882,524 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,882,524 |
| Taxable Value | $1,882,524 |
|---|
Appreciation: Market value has risen +135.9% from $797,996 (2021) to $1,882,524 (2025), a CAGR of 23.9% 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 $38,526. 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 66% of market value ($1,243,320 land vs $538,377 improvements), about $78/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,882,524, 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 +23.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,503,833 by 2030, with an estimated annual tax burden around $57,112. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,452 SF | ✓ |
| 031C | GARAGE DET 1ST COMM | 444 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 198742 | BENNETT JOEL B | 2939 12 ST 78702 | $1,938,509 | $1,938,509 | $1,938,509 |
| 359137 | BENNETT JOEL | 2941 12 ST 78702 | $174,886 | $120,992 | $120,992 |
Market value changed by 86% in 2022, 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% | $17,417.11 | $17,417.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,864.75 | $9,864.75 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,075.37 | $7,075.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,221.81 | $2,221.81 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,946.53 | $1,946.53 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $38,525.57 | $38,525.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,113,395 | $1,882,524 | +12.3% |
| Assessed Value | $2,059,501 | $1,882,524 | +9.4% |
| Land Value | $1,243,320 | $1,243,320 | +0.0% |
| Improvement Value | $695,189 | $538,377 | +29.1% |
| Taxable Value | $2,059,501 | $1,882,524 | +9.4% |
| HS Cap Loss | -$53,894 | — | |
| Total Tax 2026 = estimate |
~$42,147
Estimated
|
~$38,526
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,113,395 | $2,113,395 | +0 (+0.0%) |
| Taxable Value | $2,059,501 | $2,059,501 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,113,395 | $1,243,320 | $695,189 | −$53,894 | $2,059,501 | $2,059,501 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,882,524 | $1,243,320 | $538,377 | — | $1,882,524 | $1,882,524 | ~$38,526 | Partial |
| 2024 | $1,957,820 | — | — | −$714,500 | $1,243,320 | $— | $37,941 | Verified |
| 2023 | $1,226,333 | — | — | — | $1,243,320 ! | $— | $35,422 | Verified |
| 2022 | $839,638 | — | — | −$321,588 | $518,050 | $— | $24,219 | Verified |
| 2021 | $797,996 | — | — | −$331,751 | $466,245 | $— | $18,276 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +73.5% | +20.0% | 69.2% | Not available | Partial |
| 2025 | +0.6% | +0.6% | ~100% | Not available | Partial |
| 2024 | -6.9% | -6.9% | ~100% | 1.9800% | Verified |
| 2023 | -0.9% | -0.9% | ~100% | 1.8100% | Verified |
| 2022 | -86.0% ! | -86.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -87.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.3% | +23.9% | +21.2% | +59.6% | 2024 | -3.8% | 2025 |
| Assessment Ratio | 97.4% | 80.4% | — | 101.4% | 2023 | 58.4% | 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 |
$38,526 | $30,877 | ~$49,119 | $38,526 | 2025 | $18,276 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,333,058 | ~$2,070,776 | ~2.0139% | ~$41,704 | +23.9% |
| 2027 | ~$2,891,415 | ~$2,277,854 | ~1.9814% | ~$45,133 | +53.6% |
| 2028 | ~$3,583,401 | ~$2,505,639 | ~1.9488% | ~$48,831 | +90.4% |
| 2029 | ~$4,440,995 | ~$2,756,203 | ~1.9163% | ~$52,817 | +135.9% |
| 2030 | ~$5,503,833 | ~$3,031,824 | ~1.8837% | ~$57,112 | +192.4% |
| 2026 | ~$2,295,407 | ~$2,070,776 | ~2.0465% | ~$42,378 | +21.9% |
| 2027 | ~$2,798,846 | ~$2,277,854 | ~2.0465% | ~$46,616 | +48.7% |
| 2028 | ~$3,412,700 | ~$2,505,639 | ~2.0465% | ~$51,278 | +81.3% |
| 2029 | ~$4,161,188 | ~$2,756,203 | ~2.0465% | ~$56,405 | +121.0% |
| 2030 | ~$5,073,838 | ~$3,031,824 | ~2.0465% | ~$62,046 | +169.5% |
| 2026 | ~$2,370,708 | ~$2,070,776 | ~1.9977% | ~$41,367 | +25.9% |
| 2027 | ~$2,985,490 | ~$2,277,854 | ~1.9488% | ~$44,392 | +58.6% |
| 2028 | ~$3,759,700 | ~$2,505,639 | ~1.9000% | ~$47,608 | +99.7% |
| 2029 | ~$4,734,682 | ~$2,756,203 | ~1.8512% | ~$51,023 | +151.5% |
| 2030 | ~$5,962,500 | ~$3,031,824 | ~1.8024% | ~$54,645 | +216.7% |
In 2025, this property's market value of $1,882,524 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +33% 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 | $1,882,524 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,957,820 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,226,333 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $839,638 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $797,996 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.