3218 E M L KING JR BLVD TX 78721
| Owner | 3218 E MLK LLC |
|---|---|
| Parcel ID | 0212150238 |
| Short ID | 204500 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,366 SF |
| Land SF | 17,786 SF |
| Acres | 0.408 |
| Year Built | 1983 |
| Legal | LOT 2 *RESUB OF LOT C TRINITY SUBD |
| Neighborhood | 53EAS |
| Land | $960,444 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $960,444 |
| Improvement | $871,159 |
|---|---|
| Total Improvement | $871,159 |
| Market | $1,831,603 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,831,603 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,831,603 |
| Taxable Value | $1,831,603 |
|---|
Appreciation: Market value has risen +92.5% from $951,576 (2021) to $1,831,603 (2025), a CAGR of 17.8% 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 $37,483. 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 52% of market value ($960,444 land vs $871,159 improvements), about $54/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,831,603, 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 +17.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,152,563 by 2030, with an estimated annual tax burden around $55,567. 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 | 6,000 SF | ✗ |
| 1ST | 1st Floor | 4,366 SF | ✓ |
| 501 | CANOPY | 248 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 224 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% | $16,945.99 | $16,945.99 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,597.91 | $9,597.91 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,883.99 | $6,883.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,161.71 | $2,161.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,893.88 | $1,893.88 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $37,483.48 | $37,483.48 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,821,574 | $1,831,603 | -0.5% |
| Assessed Value | $1,821,574 | $1,831,603 | -0.5% |
| Land Value | $960,444 | $960,444 | +0.0% |
| Improvement Value | $861,130 | $871,159 | -1.2% |
| Taxable Value | $1,821,574 | $1,831,603 | -0.5% |
| Total Tax 2026 = estimate |
~$37,278
Estimated
|
~$37,483
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,857,464 | $1,821,574 | -35,890 (-1.9%) |
| Taxable Value | $1,857,464 | $1,821,574 | -35,890 (-1.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,821,574 | $960,444 | $861,130 | — | $1,821,574 | $1,821,574 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,831,603 | $960,444 | $871,159 | — | $1,831,603 | $1,831,603 | ~$37,483 | Partial |
| 2024 | $1,706,606 | — | — | −$746,162 | $960,444 | $— | $35,843 | Verified |
| 2023 | $1,525,684 | — | — | −$565,240 | $960,444 | $— | $30,877 | Verified |
| 2022 | $1,016,930 | — | — | −$376,634 | $640,296 | $— | $30,131 | Verified |
| 2021 | $951,576 | — | — | −$391,317 | $560,259 | $— | $22,135 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2025 | +1.3% | +1.3% | ~100% | Not available | Partial |
| 2024 | -10.8% | -10.8% | ~100% | 1.9800% | Verified |
| 2023 | +32.8% | +32.8% | ~100% | 1.5200% | Verified |
| 2022 | +50.0% | +50.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +80.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.5% | +15.1% | +17.9% | +50.0% | 2023 | -0.5% | 2026 |
| Assessment Ratio | 100.0% | 73.5% | — | 100.0% | 2025 | 56.3% | 2024 |
| 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 |
$37,483 | $31,294 | ~$47,791 | $37,483 | 2025 | $22,135 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,157,388 | ~$2,014,763 | ~2.0139% | ~$40,576 | +17.8% |
| 2027 | ~$2,541,121 | ~$2,216,240 | ~1.9814% | ~$43,912 | +38.7% |
| 2028 | ~$2,993,107 | ~$2,437,864 | ~1.9488% | ~$47,510 | +63.4% |
| 2029 | ~$3,525,488 | ~$2,681,650 | ~1.9163% | ~$51,388 | +92.5% |
| 2030 | ~$4,152,563 | ~$2,949,815 | ~1.8837% | ~$55,567 | +126.7% |
| 2026 | ~$2,120,756 | ~$2,014,763 | ~2.0465% | ~$41,232 | +15.8% |
| 2027 | ~$2,455,558 | ~$2,216,240 | ~2.0465% | ~$45,355 | +34.1% |
| 2028 | ~$2,843,214 | ~$2,437,864 | ~2.0465% | ~$49,891 | +55.2% |
| 2029 | ~$3,292,069 | ~$2,681,650 | ~2.0465% | ~$54,880 | +79.7% |
| 2030 | ~$3,811,785 | ~$2,949,815 | ~2.0465% | ~$60,368 | +108.1% |
| 2026 | ~$2,194,020 | ~$2,014,763 | ~1.9977% | ~$40,248 | +19.8% |
| 2027 | ~$2,628,149 | ~$2,216,240 | ~1.9488% | ~$43,191 | +43.5% |
| 2028 | ~$3,148,178 | ~$2,437,864 | ~1.9000% | ~$46,320 | +71.9% |
| 2029 | ~$3,771,104 | ~$2,681,650 | ~1.8512% | ~$49,643 | +105.9% |
| 2030 | ~$4,517,289 | ~$2,949,815 | ~1.8024% | ~$53,167 | +146.6% |
In 2025, this property's market value of $1,831,603 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +29% 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 | $1,831,603 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,706,606 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,525,684 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,016,930 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $951,576 | $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.