918 W 12 ST AUSTIN, TX 78703
| Owner | THURMAN RUSSELL T ETAL |
|---|---|
| Parcel ID | 0210000903 |
| Short ID | 199673 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,464 SF |
| Land SF | 13,022 SF |
| Acres | 0.299 |
| Year Built | 1950 |
| Legal | E 101.28' AV OF LOT 19 OLT 6 DIV Z PEASE SUBD OF HORACE LUCKETT |
| Neighborhood | 43CBD |
| Land | $911,540 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $911,540 |
| Improvement | $936,721 |
|---|---|
| Total Improvement | $936,721 |
| Market | $1,848,261 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,848,261 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,848,261 |
| Taxable Value | $1,848,261 |
|---|
Appreciation: Market value has fallen -10.4% from $2,063,174 (2021) to $1,848,261 (2025), a CAGR of -2.7% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $37,824. 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 49% of market value ($911,540 land vs $936,721 improvements), about $70/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,848,261, 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 -2.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,610,822 by 2030, with an estimated annual tax burden around $30,344. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 13,978 SF | ✗ |
| 1ST | 1st Floor | 7,464 SF | ✓ |
| 501 | CANOPY | 552 SF | ✗ |
| 611 | TERRACE | 552 SF | ✗ |
| MEZZ | Mezzanine | 200 SF | ✓ |
| 327 | STORAGE COMM'L | 200 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% | $17,100.11 | $17,100.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,685.20 | $9,685.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,946.60 | $6,946.60 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,181.37 | $2,181.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,911.10 | $1,911.10 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $37,824.38 | $37,824.38 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,969,112 | $1,848,261 | +6.5% |
| Assessed Value | $1,969,112 | $1,848,261 | +6.5% |
| Land Value | $2,343,960 | $911,540 | +157.1% |
| Improvement Value | — | $936,721 | — |
| Taxable Value | $1,969,112 | $1,848,261 | +6.5% |
| Total Tax 2026 = estimate |
~$40,298
Estimated
|
~$37,824
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,969,112 | $1,969,112 | +0 (+0.0%) |
| Taxable Value | $1,969,112 | $1,969,112 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,969,112 | $2,343,960 | — | — | $1,969,112 | $1,969,112 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,848,261 | $911,540 | $936,721 | — | $1,848,261 | $1,848,261 | ~$37,824 | Partial |
| 2024 | $1,800,000 | — | — | −$888,460 | $911,540 | $— | $35,673 | Verified |
| 2023 | $1,765,482 | — | — | −$984,162 | $781,320 | $— | $32,566 | Verified |
| 2022 | $1,805,950 | — | — | −$1,024,630 | $781,320 | $— | $34,867 | Verified |
| 2021 | $2,063,174 | — | — | −$1,281,854 | $781,320 | $— | $39,310 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.5% | +6.5% | ~100% | Not available | Partial |
| 2025 | +2.7% | +2.7% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +2.0% | +2.0% | ~100% | 1.8100% | Verified |
| 2022 | -2.2% | -2.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.5% | -0.7% | -3.9% | +6.5% | 2026 | -12.5% | 2022 |
| Assessment Ratio | 100.0% | 62.7% | — | 100.0% | 2025 | 37.9% | 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 |
$37,824 | $36,048 | ~$33,223 | $39,310 | 2021 | $32,566 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,798,126 | ~$1,798,126 | ~2.0139% | ~$36,213 | -2.7% |
| 2027 | ~$1,749,351 | ~$1,749,351 | ~1.9814% | ~$34,661 | -5.4% |
| 2028 | ~$1,701,899 | ~$1,701,899 | ~1.9488% | ~$33,167 | -7.9% |
| 2029 | ~$1,655,735 | ~$1,655,735 | ~1.9163% | ~$31,729 | -10.4% |
| 2030 | ~$1,610,822 | ~$1,610,822 | ~1.8837% | ~$30,344 | -12.8% |
| 2026 | ~$1,761,161 | ~$1,761,161 | ~2.0465% | ~$36,042 | -4.7% |
| 2027 | ~$1,678,166 | ~$1,678,166 | ~2.0465% | ~$34,343 | -9.2% |
| 2028 | ~$1,599,081 | ~$1,599,081 | ~2.0465% | ~$32,725 | -13.5% |
| 2029 | ~$1,523,724 | ~$1,523,724 | ~2.0465% | ~$31,183 | -17.6% |
| 2030 | ~$1,451,918 | ~$1,451,918 | ~2.0465% | ~$29,713 | -21.4% |
| 2026 | ~$1,835,091 | ~$1,835,091 | ~1.9977% | ~$36,659 | -0.7% |
| 2027 | ~$1,822,016 | ~$1,822,016 | ~1.9488% | ~$35,508 | -1.4% |
| 2028 | ~$1,809,033 | ~$1,809,033 | ~1.9000% | ~$34,372 | -2.1% |
| 2029 | ~$1,796,143 | ~$1,796,143 | ~1.8512% | ~$33,250 | -2.8% |
| 2030 | ~$1,783,345 | ~$1,783,345 | ~1.8024% | ~$32,142 | -3.5% |
In 2025, this property's market value of $1,848,261 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +30% 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 | $1,848,261 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,800,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,765,482 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,805,950 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,063,174 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.