2915 E M L KING JR BLVD TX 78702
| Owner | PROSPERITY CORNER INC |
|---|---|
| Parcel ID | 0212120903 |
| Short ID | 204240 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 1,525 SF |
| Land SF | 3,000 SF |
| Acres | 0.069 |
| Year Built | 1949 |
| Legal | N 75FT OF E 40FT LOT 21 OLT 28 DIVISION B |
| Neighborhood | 48CEN |
| Land | $178,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $178,500 |
| Improvement | $138,589 |
|---|---|
| Total Improvement | $138,589 |
| Market | $317,089 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $317,089 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $317,089 |
| Taxable Value | $317,089 |
|---|
Appreciation: Market value has risen +58.5% from $200,000 (2021) to $317,089 (2025), a CAGR of 12.2% 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 $6,489. 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 56% of market value ($178,500 land vs $138,589 improvements), about $60/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $317,089, this parcel sits in the bottom quartile (<25th 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 +12.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $564,118 by 2030, with an estimated annual tax burden around $9,620. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,525 SF | ✓ |
| 551 | PAVED AREA | 1,500 SF | ✗ |
| 501 | CANOPY | 40 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% | $2,793.54 | $2,793.54 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,582.21 | $1,582.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,134.82 | $1,134.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $356.36 | $356.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $312.20 | $312.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,179.13 | $6,179.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $311,433 | $317,089 | -1.8% |
| Assessed Value | $311,433 | $317,089 | -1.8% |
| Land Value | $178,500 | $178,500 | +0.0% |
| Improvement Value | $132,933 | $138,589 | -4.1% |
| Taxable Value | $311,433 | $317,089 | -1.8% |
| Total Tax 2026 = estimate |
~$6,373
Estimated
|
~$6,179
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $327,824 | $311,433 | -16,391 (-5.0%) |
| Taxable Value | $327,824 | $311,433 | -16,391 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $311,433 | $178,500 | $132,933 | — | $311,433 | $311,433 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $317,089 | $178,500 | $138,589 | — | $317,089 | $317,089 | ~$6,179 | Partial |
| 2024 | $267,202 | — | — | −$88,702 | $178,500 | $— | $6,274 | Verified |
| 2023 | $192,000 | — | — | — | $204,000 ! | $— | $4,834 | Verified |
| 2022 | $200,355 | — | — | −$98,355 | $102,000 | $— | $3,792 | Verified |
| 2021 | $200,000 | — | — | −$98,000 | $102,000 | $— | $4,361 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.4% | +3.4% | ~100% | Not available | Partial |
| 2025 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2024 | -8.2% | -8.2% | ~100% | 1.9800% | Verified |
| 2023 | +69.6% | +69.6% | ~100% | 1.4000% | Verified |
| 2022 | +1.5% | +1.5% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +58.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.8% | +10.4% | +12.6% | +39.2% | 2024 | -4.2% | 2023 |
| Assessment Ratio | 100.0% | 79.1% | — | 106.2% | 2023 | 50.9% | 2022 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$6,179 | $5,088 | ~$8,274 | $6,274 | 2024 | $3,792 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$355,811 | ~$348,798 | ~2.0139% | ~$7,025 | +12.2% |
| 2027 | ~$399,261 | ~$383,678 | ~1.9814% | ~$7,602 | +25.9% |
| 2028 | ~$448,017 | ~$422,045 | ~1.9488% | ~$8,225 | +41.3% |
| 2029 | ~$502,727 | ~$464,250 | ~1.9163% | ~$8,896 | +58.5% |
| 2030 | ~$564,118 | ~$510,675 | ~1.8837% | ~$9,620 | +77.9% |
| 2026 | ~$349,469 | ~$348,798 | ~2.0465% | ~$7,138 | +10.2% |
| 2027 | ~$385,155 | ~$383,678 | ~2.0465% | ~$7,852 | +21.5% |
| 2028 | ~$424,486 | ~$422,045 | ~2.0465% | ~$8,637 | +33.9% |
| 2029 | ~$467,833 | ~$464,250 | ~2.0465% | ~$9,501 | +47.5% |
| 2030 | ~$515,606 | ~$510,675 | ~2.0465% | ~$10,451 | +62.6% |
| 2026 | ~$362,152 | ~$348,798 | ~1.9977% | ~$6,968 | +14.2% |
| 2027 | ~$413,620 | ~$383,678 | ~1.9488% | ~$7,477 | +30.4% |
| 2028 | ~$472,402 | ~$422,045 | ~1.9000% | ~$8,019 | +49.0% |
| 2029 | ~$539,538 | ~$464,250 | ~1.8512% | ~$8,594 | +70.2% |
| 2030 | ~$616,215 | ~$510,675 | ~1.8024% | ~$9,204 | +94.3% |
In 2025, this property's market value of $317,089 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -78% 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 | $317,089 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $267,202 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $192,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $200,355 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $200,000 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.