1400 E 38 1/2 ST TX 78722
| Owner | 706 W 34TH LLC & |
|---|---|
| Parcel ID | 0216110604 |
| Short ID | 210716 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,364 SF |
| Land SF | 36,590 SF |
| Acres | 0.840 |
| Year Built | 1970 |
| Legal | ABS 346 SUR 9 HAWKINS T ACR .84 |
| Neighborhood | 30CEN |
| Land | $1,097,700 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,097,700 |
| Improvement | $203,300 |
|---|---|
| Total Improvement | $203,300 |
| Market | $1,301,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,301,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,301,000 |
| Taxable Value | $1,301,000 |
|---|
Appreciation: Market value has fallen -9.2% from $1,433,259 (2021) to $1,301,000 (2025), a CAGR of -2.4% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $26,625. 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 84% of market value ($1,097,700 land vs $203,300 improvements), about $30/SF of land. With value concentrated in the land under a ~56-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 $1,301,000, 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 -2.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,152,705 by 2030, with an estimated annual tax burden around $21,714. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 15,195 SF | ✗ |
| 1ST | 1st Floor | 8,364 SF | ✓ |
| 021 | PORCH CLOS 1ST F | 1,720 SF | ✓ |
| 501 | CANOPY | 1,178 SF | ✗ |
| 611 | TERRACE | 856 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 559 SF | ✗ |
| 511 | DECK | 520 SF | ✗ |
| SO | Sketch Only | 514 SF | ✗ |
| 327 | STORAGE COMM'L | 287 SF | ✓ |
| 549 | FENCE COMM FV | 1 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% | $12,036.85 | $12,036.85 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,817.46 | $6,817.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,889.74 | $4,889.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,535.48 | $1,535.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,345.23 | $1,345.23 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $26,624.76 | $26,624.76 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,301,000 | $1,301,000 | +0.0% |
| Assessed Value | $1,301,000 | $1,301,000 | +0.0% |
| Land Value | $1,097,700 | $1,097,700 | +0.0% |
| Improvement Value | $203,300 | $203,300 | +0.0% |
| Taxable Value | $1,301,000 | $1,301,000 | +0.0% |
| Total Tax 2026 = estimate |
~$26,625
Estimated
|
~$26,625
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,363,982 | $1,301,000 | -62,982 (-4.6%) |
| Taxable Value | $1,363,982 | $1,301,000 | -62,982 (-4.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,301,000 | $1,097,700 | $203,300 | — | $1,301,000 | $1,301,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,301,000 | $1,097,700 | $203,300 | — | $1,301,000 | $1,301,000 | ~$26,625 | Partial |
| 2024 | $1,260,285 | — | — | −$162,585 | $1,097,700 | $— | $26,378 | Verified |
| 2023 | $1,423,019 | — | — | −$325,319 | $1,097,700 | $— | $22,802 | Verified |
| 2022 | $1,383,738 | — | — | −$505,578 | $878,160 | $— | $28,104 | Verified |
| 2021 | $1,433,259 | — | — | −$664,869 | $768,390 | $— | $30,120 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.8% | +4.8% | ~100% | Not available | Partial |
| 2025 | -2.3% | -2.3% | ~100% | Not available | Partial |
| 2024 | +5.6% | +5.6% | ~100% | 1.9800% | Verified |
| 2023 | -11.4% | -11.4% | ~100% | 1.8100% | Verified |
| 2022 | +2.8% | +2.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -6.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -1.8% | -2.4% | +3.2% | 2025 | -11.4% | 2024 |
| Assessment Ratio | 100.0% | 80.2% | — | 100.0% | 2025 | 53.6% | 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 |
$26,625 | $26,805 | ~$23,612 | $30,120 | 2021 | $22,802 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,269,888 | ~$1,269,888 | ~2.0139% | ~$25,575 | -2.4% |
| 2027 | ~$1,239,520 | ~$1,239,520 | ~1.9814% | ~$24,560 | -4.7% |
| 2028 | ~$1,209,879 | ~$1,209,879 | ~1.9488% | ~$23,579 | -7.0% |
| 2029 | ~$1,180,946 | ~$1,180,946 | ~1.9163% | ~$22,630 | -9.2% |
| 2030 | ~$1,152,705 | ~$1,152,705 | ~1.8837% | ~$21,714 | -11.4% |
| 2026 | ~$1,243,868 | ~$1,243,868 | ~2.0465% | ~$25,456 | -4.4% |
| 2027 | ~$1,189,245 | ~$1,189,245 | ~2.0465% | ~$24,338 | -8.6% |
| 2028 | ~$1,137,021 | ~$1,137,021 | ~2.0465% | ~$23,269 | -12.6% |
| 2029 | ~$1,087,090 | ~$1,087,090 | ~2.0465% | ~$22,247 | -16.4% |
| 2030 | ~$1,039,352 | ~$1,039,352 | ~2.0465% | ~$21,270 | -20.1% |
| 2026 | ~$1,295,908 | ~$1,295,908 | ~1.9977% | ~$25,888 | -0.4% |
| 2027 | ~$1,290,836 | ~$1,290,836 | ~1.9488% | ~$25,156 | -0.8% |
| 2028 | ~$1,285,784 | ~$1,285,784 | ~1.9000% | ~$24,430 | -1.2% |
| 2029 | ~$1,280,752 | ~$1,280,752 | ~1.8512% | ~$23,709 | -1.6% |
| 2030 | ~$1,275,739 | ~$1,275,739 | ~1.8024% | ~$22,994 | -1.9% |
In 2025, this property's market value of $1,301,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -8% 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 | $1,301,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,260,285 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,423,019 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,383,738 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,433,259 | $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.