505 W 15 ST TX 78701
| Owner | INGRAM EDSAM M |
|---|---|
| Parcel ID | 0210020803 |
| Short ID | 199734 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,305 SF |
| Land SF | 5,888 SF |
| Acres | 0.135 |
| Year Built | 1984 |
| Legal | W 46' OF LOT 6 BLOCK 177 ORIGINAL CITY |
| Neighborhood | 53CBD |
| Land | $1,766,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,766,400 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,632,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,632,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,632,000 |
| Taxable Value | $1,632,000 |
|---|
Appreciation: Market value has risen +31.4% from $1,242,400 (2021) to $1,632,000 (2025), a CAGR of 7.1% over 4 years. This represents moderate, steady growth. 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 $33,399. 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 108% of market value ($1,766,400 land vs $0 improvements), about $300/SF of land. With value concentrated in the land under a ~42-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 $1,632,000, 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 +7.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,295,057 by 2030, with an estimated annual tax burden around $43,233. 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 | 2,400 SF | ✗ |
| 1ST | 1st Floor | 2,305 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 110 SF | ✗ |
| 611 | TERRACE | 80 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% | $15,099.26 | $15,099.26 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,551.96 | $8,551.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,133.79 | $6,133.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,926.14 | $1,926.14 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,687.49 | $1,687.49 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,398.64 | $33,398.64 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,485,600 | $1,632,000 | -9.0% |
| Assessed Value | $1,485,600 | $1,632,000 | -9.0% |
| Land Value | $1,472,000 | $1,766,400 | -16.7% |
| Improvement Value | $13,600 | — | — |
| Taxable Value | $1,485,600 | $1,632,000 | -9.0% |
| Total Tax 2026 = estimate |
~$30,403
Estimated
|
~$33,399
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,485,600 | $1,485,600 | +0 (+0.0%) |
| Taxable Value | $1,485,600 | $1,485,600 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,485,600 | $1,472,000 | $13,600 | — | $1,485,600 | $1,485,600 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,632,000 | $1,766,400 | — | — | $1,632,000 | $1,632,000 | ~$33,399 | Partial |
| 2024 | $1,973,181 | — | — | −$341,286 | $1,631,895 | $— | $32,341 | Verified |
| 2023 | $1,286,397 | — | — | — | $1,766,400 ! | $— | $35,700 | Verified |
| 2022 | $1,260,437 | — | — | −$377,237 | $883,200 | $— | $25,405 | Verified |
| 2021 | $1,242,400 | — | — | −$359,200 | $883,200 | $— | $27,436 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.0% | -9.0% | ~100% | Not available | Partial |
| 2025 | -20.2% | -20.2% | ~100% | Not available | Partial |
| 2024 | +3.6% | +3.6% | ~100% | 1.5800% | Verified |
| 2023 | +53.4% | +53.4% | ~100% | 1.8100% | Verified |
| 2022 | +2.1% | +2.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.0% | +6.1% | +9.2% | +53.4% | 2024 | -17.3% | 2025 |
| Assessment Ratio | 100.0% | 93.5% | — | 137.3% | 2023 | 70.1% | 2022 |
| 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 |
$33,399 | $30,856 | ~$39,117 | $35,700 | 2023 | $25,405 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,747,169 | ~$1,747,169 | ~2.0139% | ~$35,187 | +7.1% |
| 2027 | ~$1,870,465 | ~$1,870,465 | ~1.9814% | ~$37,061 | +14.6% |
| 2028 | ~$2,002,462 | ~$2,002,462 | ~1.9488% | ~$39,025 | +22.7% |
| 2029 | ~$2,143,773 | ~$2,143,773 | ~1.9163% | ~$41,081 | +31.4% |
| 2030 | ~$2,295,057 | ~$2,295,057 | ~1.8837% | ~$43,233 | +40.6% |
| 2026 | ~$1,714,529 | ~$1,714,529 | ~2.0465% | ~$35,088 | +5.1% |
| 2027 | ~$1,801,231 | ~$1,801,231 | ~2.0465% | ~$36,862 | +10.4% |
| 2028 | ~$1,892,317 | ~$1,892,317 | ~2.0465% | ~$38,726 | +16.0% |
| 2029 | ~$1,988,010 | ~$1,988,010 | ~2.0465% | ~$40,684 | +21.8% |
| 2030 | ~$2,088,542 | ~$2,088,542 | ~2.0465% | ~$42,742 | +28.0% |
| 2026 | ~$1,779,809 | ~$1,779,809 | ~1.9977% | ~$35,555 | +9.1% |
| 2027 | ~$1,941,004 | ~$1,941,004 | ~1.9488% | ~$37,827 | +18.9% |
| 2028 | ~$2,116,799 | ~$2,116,799 | ~1.9000% | ~$40,220 | +29.7% |
| 2029 | ~$2,308,516 | ~$2,308,516 | ~1.8512% | ~$42,735 | +41.5% |
| 2030 | ~$2,517,596 | ~$2,517,596 | ~1.8024% | ~$45,376 | +54.3% |
In 2025, this property's market value of $1,632,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +15% 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 | $1,632,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,973,181 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,286,397 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,260,437 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,242,400 | $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.