1402 WEST AVE AUSTIN, TX 78701
| Owner | TAWIL SALEEM & CARMEN A |
|---|---|
| Parcel ID | 0210000303 |
| Short ID | 199604 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 5,206 SF |
| Land SF | 38,412 SF |
| Acres | 0.882 |
| Year Built | 1890 |
| Legal | 128.9X298' OF OLT 8 DIVISION E |
| Neighborhood | 59CBD |
| Land | $4,321,350 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,321,350 |
| Improvement | $716,351 |
|---|---|
| Total Improvement | $716,351 |
| Market | $5,037,701 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,037,701 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,037,701 |
| Exemptions (−) (HT) | −$1,438,513 |
|---|---|
| Taxable Value | $3,599,188 |
Appreciation: Market value has risen +12.4% from $4,482,000 (2021) to $5,037,701 (2025), a CAGR of 3.0% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $73,657. Austin ISD is the largest single contributor, at 48.8% 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 86% of market value ($4,321,350 land vs $716,351 improvements), about $112/SF of land. With value concentrated in the land under a ~136-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 $5,037,701, 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 +3.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,830,195 by 2030, with an estimated annual tax burden around $109,826. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,233 SF | ✓ |
| 2ND | 2nd Floor | 1,973 SF | ✓ |
| 881 | COMMCL FINISHOUT | 1,300 SF | ✓ |
| 093 | HVAC COMMRCL SF | 1,300 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 606 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 497 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 360 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 477 | ELEVATOR RES | 1 SF | ✓ |
| 522C | FIREPLACE COMM | 1 SF | ✓ |
Market value changed by 79% in 2026, 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% | $39,954.24 | $39,954.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $18,860.36 | $18,860.36 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $13,527.37 | $13,527.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,208.98 | $5,208.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,247.87 | $4,247.87 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $81,798.82 | $81,798.82 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,800,000 | $5,037,701 | +15.1% |
| Assessed Value | $5,800,000 | $5,037,701 | +15.1% |
| Land Value | $6,914,160 | $4,321,350 | +60.0% |
| Improvement Value | — | $716,351 | — |
| Taxable Value | $3,022,137 | $3,599,188 | -16.0% |
| Exemptions | HT | HT | |
| Total Tax 2026 = estimate |
~$61,848
Estimated
|
~$81,799
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,012,806 | $5,800,000 | -3,212,806 (-35.6%) |
| Taxable Value | $6,234,943 | $3,022,137 | -3,212,806 (-51.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,800,000 | $6,914,160 | — | — | $5,800,000 | $3,022,137 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,037,701 | $4,321,350 | $716,351 | — | $5,037,701 | $3,599,188 | ~$81,799 | Partial |
| 2024 | $5,300,000 | — | — | −$978,650 | $4,321,350 | $— | $82,978 | Verified |
| 2023 | $4,374,970 | — | — | −$53,620 | $4,321,350 | $— | $75,784 | Verified |
| 2022 | $4,374,970 | — | — | −$773,845 | $3,601,125 | $— | $68,666 | Verified |
| 2021 | $4,482,000 | — | — | −$880,875 | $3,601,125 | $— | $75,393 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +78.9% ! | +78.9% | ~100% | Not available | Partial |
| 2025 | -4.9% | -4.9% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.5700% | Verified |
| 2023 | +21.1% | +21.1% | ~100% | 1.4300% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.5700% | Verified |
| 2021 | base year | — | ~100% | 1.6800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.1% | +5.8% | +0.3% | +21.1% | 2024 | -4.9% | 2025 |
| Assessment Ratio | 100.0% | 90.5% | — | 100.0% | 2025 | 80.3% | 2021 |
| Effective Tax Rate (2025) | 1.6200% | 1.6200% | — | 1.6200% | 2025 | 1.6200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$81,799 | $76,924 | ~$107,158 | $82,978 | 2024 | $68,666 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,187,075 | ~$5,187,075 | ~2.0139% | ~$104,464 | +3.0% |
| 2027 | ~$5,340,878 | ~$5,340,878 | ~1.9814% | ~$105,824 | +6.0% |
| 2028 | ~$5,499,241 | ~$5,499,241 | ~1.9488% | ~$107,171 | +9.2% |
| 2029 | ~$5,662,301 | ~$5,662,301 | ~1.9163% | ~$108,506 | +12.4% |
| 2030 | ~$5,830,195 | ~$5,830,195 | ~1.8837% | ~$109,826 | +15.7% |
| 2026 | ~$5,086,321 | ~$5,086,321 | ~2.0465% | ~$104,091 | +1.0% |
| 2027 | ~$5,135,410 | ~$5,135,410 | ~2.0465% | ~$105,095 | +1.9% |
| 2028 | ~$5,184,973 | ~$5,184,973 | ~2.0465% | ~$106,110 | +2.9% |
| 2029 | ~$5,235,014 | ~$5,235,014 | ~2.0465% | ~$107,134 | +3.9% |
| 2030 | ~$5,285,538 | ~$5,285,538 | ~2.0465% | ~$108,168 | +4.9% |
| 2026 | ~$5,287,829 | ~$5,287,829 | ~1.9977% | ~$105,633 | +5.0% |
| 2027 | ~$5,550,376 | ~$5,550,376 | ~1.9488% | ~$108,168 | +10.2% |
| 2028 | ~$5,825,959 | ~$5,825,959 | ~1.9000% | ~$110,694 | +15.6% |
| 2029 | ~$6,115,225 | ~$6,115,225 | ~1.8512% | ~$113,205 | +21.4% |
| 2030 | ~$6,418,853 | ~$6,418,853 | ~1.8024% | ~$115,692 | +27.4% |
In 2025, this property's market value of $5,037,701 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,037,701 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,300,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,374,970 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,374,970 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,482,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.