4611 E M L KING JR BLVD TX 78721
| Owner | PRASLA & SONS INC |
|---|---|
| Parcel ID | 0213220306 |
| Short ID | 205519 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 2,012 SF |
| Land SF | 17,550 SF |
| Acres | 0.403 |
| Year Built | 1964 |
| Legal | LOT 1 WORMLEY R L SUBD |
| Neighborhood | 48CEN |
| Land | $329,063 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $329,063 |
| Improvement | $442,348 |
|---|---|
| Total Improvement | $442,348 |
| Market | $771,411 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $771,411 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $771,411 |
| Taxable Value | $771,411 |
|---|
Appreciation: Market value has risen +27.4% from $605,412 (2021) to $771,411 (2025), a CAGR of 6.2% 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 $15,787. 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 43% of market value ($329,063 land vs $442,348 improvements), about $19/SF of land. Most value sits in the improvements, so building condition, age (~62 yrs), and rent roll drive the underwriting.
Submarket Position: At $771,411, this parcel sits in the lower-middle (25th–50th 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 +6.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,044,310 by 2030, with an estimated annual tax burden around $19,672. 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 | 15,000 SF | ✗ |
| 1ST | 1st Floor | 2,012 SF | ✓ |
| 501 | CANOPY | 1,380 SF | ✗ |
| 482 | LIGHT POLES | 2 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% | $7,137.09 | $7,137.09 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,042.32 | $4,042.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,899.31 | $2,899.31 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $910.44 | $910.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $797.64 | $797.64 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,786.80 | $15,786.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $771,411 | $771,411 | +0.0% |
| Assessed Value | $771,411 | $771,411 | +0.0% |
| Land Value | $329,063 | $329,063 | +0.0% |
| Improvement Value | $442,348 | $442,348 | +0.0% |
| Taxable Value | $771,411 | $771,411 | +0.0% |
| Total Tax 2026 = estimate |
~$15,787
Estimated
|
~$15,787
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $841,366 | $771,411 | -69,955 (-8.3%) |
| Taxable Value | $841,366 | $771,411 | -69,955 (-8.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $771,411 | $329,063 | $442,348 | — | $771,411 | $771,411 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $771,411 | $329,063 | $442,348 | — | $771,411 | $771,411 | ~$15,787 | Partial |
| 2024 | $768,975 | — | — | −$439,912 | $329,063 | $— | $14,749 | Verified |
| 2023 | $649,080 | — | — | −$320,017 | $329,063 | $— | $13,913 | Verified |
| 2022 | $634,232 | — | — | −$305,169 | $329,063 | $— | $12,819 | Verified |
| 2021 | $605,412 | — | — | −$342,162 | $263,250 | $— | $13,805 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.1% | +9.1% | ~100% | Not available | Partial |
| 2025 | +3.7% | +3.7% | ~100% | Not available | Partial |
| 2024 | -12.0% | -12.0% | ~100% | 1.9800% | Verified |
| 2023 | +21.4% | +21.4% | ~100% | 1.6500% | Verified |
| 2022 | +9.8% | +9.8% | ~100% | 1.8400% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +21.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +5.2% | +6.2% | +18.5% | 2024 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 64.8% | — | 100.0% | 2025 | 42.8% | 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 |
$15,787 | $14,214 | ~$18,059 | $15,787 | 2025 | $12,819 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$819,586 | ~$819,586 | ~2.0139% | ~$16,506 | +6.2% |
| 2027 | ~$870,770 | ~$870,770 | ~1.9814% | ~$17,253 | +12.9% |
| 2028 | ~$925,150 | ~$925,150 | ~1.9488% | ~$18,030 | +19.9% |
| 2029 | ~$982,926 | ~$982,926 | ~1.9163% | ~$18,836 | +27.4% |
| 2030 | ~$1,044,310 | ~$1,044,310 | ~1.8837% | ~$19,672 | +35.4% |
| 2026 | ~$804,158 | ~$804,158 | ~2.0465% | ~$16,457 | +4.2% |
| 2027 | ~$838,295 | ~$838,295 | ~2.0465% | ~$17,156 | +8.7% |
| 2028 | ~$873,881 | ~$873,881 | ~2.0465% | ~$17,884 | +13.3% |
| 2029 | ~$910,977 | ~$910,977 | ~2.0465% | ~$18,643 | +18.1% |
| 2030 | ~$949,649 | ~$949,649 | ~2.0465% | ~$19,434 | +23.1% |
| 2026 | ~$835,014 | ~$835,014 | ~1.9977% | ~$16,681 | +8.2% |
| 2027 | ~$903,862 | ~$903,862 | ~1.9488% | ~$17,615 | +17.2% |
| 2028 | ~$978,385 | ~$978,385 | ~1.9000% | ~$18,589 | +26.8% |
| 2029 | ~$1,059,054 | ~$1,059,054 | ~1.8512% | ~$19,605 | +37.3% |
| 2030 | ~$1,146,373 | ~$1,146,373 | ~1.8024% | ~$20,662 | +48.6% |
In 2025, this property's market value of $771,411 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -46% 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 | $771,411 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $768,975 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $649,080 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $634,232 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $605,412 | $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.