1191 AIRPORT BLVD TX 78702
| Owner | DILLARD DAVID JOHN ETAL |
|---|---|
| Parcel ID | 0209150315 |
| Short ID | 198932 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,009 SF |
| Land SF | 24,002 SF |
| Acres | 0.551 |
| Year Built | 1960 |
| Legal | .551 AC OF OLT 15 DIVISION B |
| Neighborhood | 53EAS |
| Land | $1,440,120 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,440,120 |
| Improvement | $80,995 |
|---|---|
| Total Improvement | $80,995 |
| Market | $1,521,115 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,521,115 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,521,115 |
| Taxable Value | $1,521,115 |
|---|
Appreciation: Market value has risen +83.0% from $831,023 (2021) to $1,521,115 (2025), a CAGR of 16.3% 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 $31,129. 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 95% of market value ($1,440,120 land vs $80,995 improvements), about $60/SF of land. With value concentrated in the land under a ~66-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 $1,521,115, 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 +16.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,238,533 by 2030, with an estimated annual tax burden around $46,147. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 6,000 SF | ✗ |
| 1ST | 1st Floor | 2,809 SF | ✓ |
| FBSMT | Finished Basement | 1,200 SF | ✓ |
| 501 | CANOPY | 205 SF | ✗ |
Market value changed by 151% 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% | $14,073.36 | $14,073.36 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,970.90 | $7,970.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,717.03 | $5,717.03 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,795.27 | $1,795.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,572.83 | $1,572.83 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $31,129.39 | $31,129.39 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,521,115 | $1,521,115 | +0.0% |
| Assessed Value | $1,521,115 | $1,521,115 | +0.0% |
| Land Value | $1,440,120 | $1,440,120 | +0.0% |
| Improvement Value | $80,995 | $80,995 | +0.0% |
| Taxable Value | $1,521,115 | $1,521,115 | +0.0% |
| Total Tax 2026 = estimate |
~$31,129
Estimated
|
~$31,129
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,521,115 | $1,521,115 | +0 (+0.0%) |
| Taxable Value | $1,521,115 | $1,521,115 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,521,115 | $1,440,120 | $80,995 | — | $1,521,115 | $1,521,115 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,521,115 | $1,440,120 | $80,995 | — | $1,521,115 | $1,521,115 | ~$31,129 | Partial |
| 2024 | $1,600,000 | — | — | −$159,880 | $1,440,120 | $— | $30,146 | Verified |
| 2023 | $890,000 | — | — | — | $1,620,135 ! | $— | $28,948 | Verified |
| 2022 | $857,171 | — | — | −$137,111 | $720,060 | $— | $17,577 | Verified |
| 2021 | $831,023 | — | — | −$200,970 | $630,053 | $— | $18,658 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -32.0% | -32.0% | ~100% | 1.9800% | Verified |
| 2023 | +151.2% ! | +151.2% | ~100% | 1.2900% | Verified |
| 2022 | -0.3% | -0.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +70.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +16.4% | +16.3% | +79.8% | 2024 | -4.9% | 2025 |
| Assessment Ratio | 100.0% | 105.3% | — | 182.0% | 2023 | 75.8% | 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 |
$31,129 | $25,292 | ~$39,689 | $31,129 | 2025 | $17,577 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,769,291 | ~$1,673,227 | ~2.0139% | ~$33,698 | +16.3% |
| 2027 | ~$2,057,958 | ~$1,840,549 | ~1.9814% | ~$36,468 | +35.3% |
| 2028 | ~$2,393,723 | ~$2,024,604 | ~1.9488% | ~$39,456 | +57.4% |
| 2029 | ~$2,784,268 | ~$2,227,064 | ~1.9163% | ~$42,677 | +83.0% |
| 2030 | ~$3,238,533 | ~$2,449,771 | ~1.8837% | ~$46,147 | +112.9% |
| 2026 | ~$1,738,869 | ~$1,673,227 | ~2.0465% | ~$34,242 | +14.3% |
| 2027 | ~$1,987,795 | ~$1,840,549 | ~2.0465% | ~$37,667 | +30.7% |
| 2028 | ~$2,272,356 | ~$2,024,604 | ~2.0465% | ~$41,433 | +49.4% |
| 2029 | ~$2,597,653 | ~$2,227,064 | ~2.0465% | ~$45,577 | +70.8% |
| 2030 | ~$2,969,518 | ~$2,449,771 | ~2.0465% | ~$50,134 | +95.2% |
| 2026 | ~$1,799,713 | ~$1,673,227 | ~1.9977% | ~$33,425 | +18.3% |
| 2027 | ~$2,129,338 | ~$1,840,549 | ~1.9488% | ~$35,869 | +40.0% |
| 2028 | ~$2,519,335 | ~$2,024,604 | ~1.9000% | ~$38,468 | +65.6% |
| 2029 | ~$2,980,762 | ~$2,227,064 | ~1.8512% | ~$41,227 | +96.0% |
| 2030 | ~$3,526,701 | ~$2,449,771 | ~1.8024% | ~$44,154 | +131.8% |
In 2025, this property's market value of $1,521,115 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +7% 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 | $1,521,115 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,600,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $890,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $857,171 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $831,023 | $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.