2023 AIRPORT BLVD TX 78722
| Owner | JPS AIRPORT LLC |
|---|---|
| Parcel ID | 0212131036 |
| Short ID | 204446 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 15,370 SF |
| Land SF | 37,518 SF |
| Acres | 0.861 |
| Year Built | 1966 |
| Legal | TRT A OLT 50 DIV B HENERY JIM ADDN |
| Neighborhood | 83EAS |
| Land | $3,001,440 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,001,440 |
| Improvement | $1,260,846 |
|---|---|
| Total Improvement | $1,260,846 |
| Market | $4,262,286 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,262,286 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,262,286 |
| Taxable Value | $4,262,286 |
|---|
Appreciation: Market value has risen +124.0% from $1,903,137 (2021) to $4,262,286 (2025), a CAGR of 22.3% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $87,227. 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 70% of market value ($3,001,440 land vs $1,260,846 improvements), about $80/SF of land. With value concentrated in the land under a ~60-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 $4,262,286, 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 +22.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,677,725 by 2030, with an estimated annual tax burden around $129,309. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 15,370 SF | ✓ |
| 551 | PAVED AREA | 15,340 SF | ✗ |
| 093 | HVAC COMMRCL SF | 4,935 SF | ✗ |
| 501 | CANOPY | 1,049 SF | ✗ |
| 881 | COMMCL FINISHOUT | 875 SF | ✓ |
| 591 | MASONRY TRIM SF | 400 SF | ✗ |
| 541 | FENCE COMM LF | 300 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% | $39,434.67 | $39,434.67 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $22,335.10 | $22,335.10 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $16,019.59 | $16,019.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,030.48 | $5,030.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,407.20 | $4,407.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $87,227.04 | $87,227.04 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,371,800 | $4,262,286 | +2.6% |
| Assessed Value | $4,371,800 | $4,262,286 | +2.6% |
| Land Value | $3,001,440 | $3,001,440 | +0.0% |
| Improvement Value | $1,370,360 | $1,260,846 | +8.7% |
| Taxable Value | $4,371,800 | $4,262,286 | +2.6% |
| Total Tax 2026 = estimate |
~$89,468
Estimated
|
~$87,227
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,804,176 | $4,371,800 | -432,376 (-9.0%) |
| Taxable Value | $4,804,176 | $4,371,800 | -432,376 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,371,800 | $3,001,440 | $1,370,360 | — | $4,371,800 | $4,371,800 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,262,286 | $3,001,440 | $1,260,846 | — | $4,262,286 | $4,262,286 | ~$87,227 | Partial |
| 2024 | $3,400,000 | — | — | −$398,560 | $3,001,440 | $— | $80,858 | Verified |
| 2023 | $2,717,234 | — | — | — | $3,001,440 ! | $— | $61,514 | Verified |
| 2022 | $2,100,000 | — | — | −$599,280 | $1,500,720 | $— | $53,663 | Verified |
| 2021 | $1,903,137 | — | — | −$590,007 | $1,313,130 | $— | $45,710 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.7% | +12.7% | ~100% | Not available | Partial |
| 2025 | +0.0% | +4.5% | ~100% | Not available | Partial |
| 2024 | +25.4% | +20.0% | 95.7% | 1.9000% | Verified |
| 2023 | +25.1% | +25.1% | ~100% | 1.8100% | Verified |
| 2022 | +16.4% | +16.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +82.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.6% | +18.6% | +21.7% | +29.4% | 2023 | +2.6% | 2026 |
| Assessment Ratio | 100.0% | 89.9% | — | 110.5% | 2023 | 69.0% | 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 |
$87,227 | $65,795 | ~$111,213 | $87,227 | 2025 | $45,710 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,214,176 | ~$4,688,515 | ~2.0139% | ~$94,424 | +22.3% |
| 2027 | ~$6,378,651 | ~$5,157,366 | ~1.9814% | ~$102,187 | +49.7% |
| 2028 | ~$7,803,187 | ~$5,673,103 | ~1.9488% | ~$110,560 | +83.1% |
| 2029 | ~$9,545,861 | ~$6,240,413 | ~1.9163% | ~$119,584 | +124.0% |
| 2030 | ~$11,677,725 | ~$6,864,454 | ~1.8837% | ~$129,309 | +174.0% |
| 2026 | ~$5,128,931 | ~$4,688,515 | ~2.0465% | ~$95,950 | +20.3% |
| 2027 | ~$6,171,789 | ~$5,157,366 | ~2.0465% | ~$105,545 | +44.8% |
| 2028 | ~$7,426,690 | ~$5,673,103 | ~2.0465% | ~$116,099 | +74.2% |
| 2029 | ~$8,936,749 | ~$6,240,413 | ~2.0465% | ~$127,709 | +109.7% |
| 2030 | ~$10,753,846 | ~$6,864,454 | ~2.0465% | ~$140,480 | +152.3% |
| 2026 | ~$5,299,422 | ~$4,688,515 | ~1.9977% | ~$93,661 | +24.3% |
| 2027 | ~$6,588,923 | ~$5,157,366 | ~1.9488% | ~$100,509 | +54.6% |
| 2028 | ~$8,192,197 | ~$5,673,103 | ~1.9000% | ~$107,790 | +92.2% |
| 2029 | ~$10,185,593 | ~$6,240,413 | ~1.8512% | ~$115,522 | +139.0% |
| 2030 | ~$12,664,039 | ~$6,864,454 | ~1.8024% | ~$123,723 | +197.1% |
In 2025, this property's market value of $4,262,286 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,262,286 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,400,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,717,234 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,100,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,903,137 | $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.