1220 PARKWAY AUSTIN, TX 78703
| Owner | CHILDRESS CLARENCE EDWIN |
|---|---|
| Parcel ID | 0210000801 |
| Short ID | 199658 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,303 SF |
| Land SF | 7,726 SF |
| Acres | 0.177 |
| Year Built | 1920 |
| Legal | LOT 64 OLT 6 DIV Z ENFIELD A |
| Neighborhood | 59CEN |
| Land | $1,043,010 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,043,010 |
| Improvement | $15,548 |
|---|---|
| Total Improvement | $15,548 |
| Market | $1,058,558 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,058,558 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,058,558 |
| Taxable Value | $1,058,558 |
|---|
Appreciation: Market value has risen +16.9% from $905,300 (2021) to $1,058,558 (2025), a CAGR of 4.0% 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 $21,663. 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 99% of market value ($1,043,010 land vs $15,548 improvements), about $135/SF of land. With value concentrated in the land under a ~106-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 $1,058,558, this parcel sits in the lower-middle (25th–50th 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 +4.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,287,115 by 2030, with an estimated annual tax burden around $24,246. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 1,600 SF | ✗ |
| 1ST | 1st Floor | 1,303 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,303 SF | ✗ |
| 571C | STORAGE DET COMM | 260 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 226 SF | ✗ |
| 581C | STORAGE ATT COMM | 160 SF | ✓ |
| 021 | PORCH CLOS 1ST F | 135 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% | $9,793.78 | $9,793.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,547.02 | $5,547.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,978.54 | $3,978.54 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,249.34 | $1,249.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,094.55 | $1,094.55 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,663.23 | $21,663.23 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,176,000 | $1,058,558 | +11.1% |
| Assessed Value | $1,176,000 | $1,058,558 | +11.1% |
| Land Value | $1,158,900 | $1,043,010 | +11.1% |
| Improvement Value | $17,100 | $15,548 | +10.0% |
| Taxable Value | $1,176,000 | $1,058,558 | +11.1% |
| Total Tax 2026 = estimate |
~$24,067
Estimated
|
~$21,663
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,594,353 | $1,176,000 | -418,353 (-26.2%) |
| Taxable Value | $1,270,270 | $1,176,000 | -94,270 (-7.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,176,000 | $1,158,900 | $17,100 | — | $1,176,000 | $1,176,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,058,558 | $1,043,010 | $15,548 | — | $1,058,558 | $1,058,558 | ~$21,663 | Partial |
| 2024 | $1,100,000 | — | — | −$56,990 | $1,043,010 | $— | $23,695 | Verified |
| 2023 | $921,300 | — | — | — | $1,043,010 ! | $— | $19,902 | Verified |
| 2022 | $880,543 | — | — | −$185,203 | $695,340 | $— | $18,195 | Verified |
| 2021 | $905,300 | — | — | −$209,960 | $695,340 | $— | $19,167 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +50.6% | +20.0% | 79.7% | Not available | Partial |
| 2025 | -11.5% | -11.5% | ~100% | Not available | Partial |
| 2024 | +8.7% | +8.7% | ~100% | 1.9800% | Verified |
| 2023 | +19.4% | +19.4% | ~100% | 1.8100% | Verified |
| 2022 | +4.6% | +4.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +20.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +11.1% | +5.7% | +1.9% | +19.4% | 2024 | -3.8% | 2025 |
| Assessment Ratio | 100.0% | 94.0% | — | 113.2% | 2023 | 76.8% | 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 |
$21,663 | $20,524 | ~$23,202 | $23,695 | 2024 | $18,195 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,100,766 | ~$1,100,766 | ~2.0139% | ~$22,169 | +4.0% |
| 2027 | ~$1,144,658 | ~$1,144,658 | ~1.9814% | ~$22,680 | +8.1% |
| 2028 | ~$1,190,300 | ~$1,190,300 | ~1.9488% | ~$23,197 | +12.4% |
| 2029 | ~$1,237,761 | ~$1,237,761 | ~1.9163% | ~$23,719 | +16.9% |
| 2030 | ~$1,287,115 | ~$1,287,115 | ~1.8837% | ~$24,246 | +21.6% |
| 2026 | ~$1,079,595 | ~$1,079,595 | ~2.0465% | ~$22,094 | +2.0% |
| 2027 | ~$1,101,051 | ~$1,101,051 | ~2.0465% | ~$22,533 | +4.0% |
| 2028 | ~$1,122,933 | ~$1,122,933 | ~2.0465% | ~$22,981 | +6.1% |
| 2029 | ~$1,145,249 | ~$1,145,249 | ~2.0465% | ~$23,437 | +8.2% |
| 2030 | ~$1,168,009 | ~$1,168,009 | ~2.0465% | ~$23,903 | +10.3% |
| 2026 | ~$1,121,938 | ~$1,121,938 | ~1.9977% | ~$22,413 | +6.0% |
| 2027 | ~$1,189,112 | ~$1,189,112 | ~1.9488% | ~$23,174 | +12.3% |
| 2028 | ~$1,260,308 | ~$1,260,308 | ~1.9000% | ~$23,946 | +19.1% |
| 2029 | ~$1,335,768 | ~$1,335,768 | ~1.8512% | ~$24,728 | +26.2% |
| 2030 | ~$1,415,745 | ~$1,415,745 | ~1.8024% | ~$25,517 | +33.7% |
In 2025, this property's market value of $1,058,558 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -25% below 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 | $1,058,558 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,100,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $921,300 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $880,543 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $905,300 | $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.