2915 E 12 ST TX 78702
| Owner | 2016 PIG PLACE LP |
|---|---|
| Parcel ID | 0209140152 |
| Short ID | 838181 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,476 SF |
| Land SF | 24,742 SF |
| Acres | 0.568 |
| Year Built | 1965 |
| Legal | 0.5680 AC OF OLT 14 DIVISION B |
| Neighborhood | 20CEN |
| Land | $2,969,050 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,969,050 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,090,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,090,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,090,000 |
| Taxable Value | $2,090,000 |
|---|
Appreciation: Market value has risen +102.5% from $1,032,100 (2021) to $2,090,000 (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 (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 $42,772. 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 142% of market value ($2,969,050 land vs $0 improvements), about $120/SF of land. With value concentrated in the land under a ~61-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,090,000, 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 +19.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,048,669 by 2030, with an estimated annual tax burden around $63,406. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,476 SF | ✓ |
| 551 | PAVED AREA | 2,396 SF | ✗ |
| 273 | COLDSTG VAULT SM | 366 SF | ✓ |
| 541 | FENCE COMM LF | 300 SF | ✗ |
| 501 | CANOPY | 264 SF | ✗ |
Market value changed by 135% 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% | $19,336.68 | $19,336.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,951.96 | $10,951.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,855.16 | $7,855.16 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,466.68 | $2,466.68 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,161.06 | $2,161.06 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $42,771.54 | $42,771.54 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,090,000 | $2,090,000 | +0.0% |
| Assessed Value | $2,090,000 | $2,090,000 | +0.0% |
| Land Value | $2,969,050 | $2,969,050 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $2,090,000 | $2,090,000 | +0.0% |
| Total Tax 2026 = estimate |
~$42,772
Estimated
|
~$42,772
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,090,000 | $2,090,000 | +0 (+0.0%) |
| Taxable Value | $2,090,000 | $2,090,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,090,000 | $2,969,050 | — | — | $2,090,000 | $2,090,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,090,000 | $2,969,050 | — | — | $2,090,000 | $2,090,000 | ~$42,772 | Partial |
| 2024 | $2,750,000 | — | — | −$693,895 | $2,056,105 | $— | $40,748 | Verified |
| 2023 | $1,295,553 | — | — | — | $2,969,050 ! | $— | $46,226 | Verified |
| 2022 | $1,171,581 | — | — | — | $1,237,104 ! | $— | $25,586 | Verified |
| 2021 | $1,032,100 | — | — | — | $1,113,394 ! | $— | $25,502 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +1.6% | +1.6% | ~100% | Not available | Partial |
| 2024 | -32.5% | -32.5% | ~100% | 1.9800% | Verified |
| 2023 | +135.2% ! | +135.2% | ~100% | 1.5200% | Verified |
| 2022 | +10.6% | +10.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +78.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +22.5% | +19.3% | +112.3% | 2024 | -24.0% | 2025 |
| Assessment Ratio | 100.0% | 119.6% | — | 229.2% | 2023 | 74.8% | 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 |
$42,772 | $36,167 | ~$54,533 | $46,226 | 2023 | $25,502 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,493,173 | ~$2,299,000 | ~2.0139% | ~$46,300 | +19.3% |
| 2027 | ~$2,974,120 | ~$2,528,900 | ~1.9814% | ~$50,107 | +42.3% |
| 2028 | ~$3,547,845 | ~$2,781,790 | ~1.9488% | ~$54,213 | +69.8% |
| 2029 | ~$4,232,245 | ~$3,059,969 | ~1.9163% | ~$58,638 | +102.5% |
| 2030 | ~$5,048,669 | ~$3,365,966 | ~1.8837% | ~$63,406 | +141.6% |
| 2026 | ~$2,451,373 | ~$2,299,000 | ~2.0465% | ~$47,049 | +17.3% |
| 2027 | ~$2,875,229 | ~$2,528,900 | ~2.0465% | ~$51,754 | +37.6% |
| 2028 | ~$3,372,373 | ~$2,781,790 | ~2.0465% | ~$56,929 | +61.4% |
| 2029 | ~$3,955,476 | ~$3,059,969 | ~2.0465% | ~$62,622 | +89.3% |
| 2030 | ~$4,639,400 | ~$3,365,966 | ~2.0465% | ~$68,884 | +122.0% |
| 2026 | ~$2,534,973 | ~$2,299,000 | ~1.9977% | ~$45,926 | +21.3% |
| 2027 | ~$3,074,683 | ~$2,528,900 | ~1.9488% | ~$49,284 | +47.1% |
| 2028 | ~$3,729,301 | ~$2,781,790 | ~1.9000% | ~$52,854 | +78.4% |
| 2029 | ~$4,523,291 | ~$3,059,969 | ~1.8512% | ~$56,646 | +116.4% |
| 2030 | ~$5,486,325 | ~$3,365,966 | ~1.8024% | ~$60,667 | +162.5% |
In 2025, this property's market value of $2,090,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +47% 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 | $2,090,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,750,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,295,553 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,171,581 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,032,100 | $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.