1011 W 31 ST TX 78705
| Owner | CYNTHIA & GEORGE MITCHELL FOUNDATION |
|---|---|
| Parcel ID | 0217000354 |
| Short ID | 211083 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,150 SF |
| Land SF | 16,117 SF |
| Acres | 0.370 |
| Year Built | 1970 |
| Legal | 100X140.5FT BLK 1 JONES & SEDWICK 20X100FT OF LOT 3 BELMONT SEC 2 |
| Neighborhood | 53CEN |
| Land | $1,531,134 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,531,134 |
| Improvement | $1,564,673 |
|---|---|
| Total Improvement | $1,564,673 |
| Market | $3,095,807 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,095,807 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,095,807 |
| Taxable Value | $3,095,807 |
|---|
Appreciation: Market value has risen +3.2% from $3,000,000 (2021) to $3,095,807 (2025), a CAGR of 0.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $63,355. 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 49% of market value ($1,531,134 land vs $1,564,673 improvements), about $95/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $3,095,807, 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 +0.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,219,880 by 2030, with an estimated annual tax burden around $60,654. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 7,150 SF | ✓ |
| 487 | PARKING UNDER | 6,201 SF | ✓ |
| 551 | PAVED AREA | 3,870 SF | ✗ |
| 501 | CANOPY | 650 SF | ✗ |
| 581C | STORAGE ATT COMM | 507 SF | ✓ |
| 541 | FENCE COMM LF | 140 SF | ✗ |
| 611 | TERRACE | 102 SF | ✗ |
| 413 | STAIRWAY EXT | 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% | $28,642.41 | $28,642.41 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,222.55 | $16,222.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,635.44 | $11,635.44 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,653.76 | $3,653.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,201.06 | $3,201.06 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $63,355.22 | $63,355.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,193,649 | $3,095,807 | +35.5% |
| Assessed Value | $4,193,649 | $3,095,807 | +35.5% |
| Land Value | $1,611,720 | $1,531,134 | +5.3% |
| Improvement Value | $2,581,929 | $1,564,673 | +65.0% |
| Taxable Value | $4,193,649 | $3,095,807 | +35.5% |
| Total Tax 2026 = estimate |
~$85,822
Estimated
|
~$63,355
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,193,649 | $4,193,649 | +0 (+0.0%) |
| Taxable Value | $4,193,649 | $4,193,649 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,193,649 | $1,611,720 | $2,581,929 | — | $4,193,649 | $4,193,649 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,095,807 | $1,531,134 | $1,564,673 | — | $3,095,807 | $3,095,807 | ~$63,355 | Partial |
| 2024 | $3,862,000 | — | — | −$2,330,866 | $1,531,134 | $— | $60,835 | Verified |
| 2023 | $3,450,000 | — | — | −$2,080,038 | $1,369,962 | $— | $69,873 | Verified |
| 2022 | $3,250,000 | — | — | −$2,154,030 | $1,095,970 | $— | $68,135 | Verified |
| 2021 | $3,000,000 | — | — | −$1,904,030 | $1,095,970 | $— | $70,742 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +35.5% | +35.5% | ~100% | Not available | Partial |
| 2025 | +0.9% | +0.9% | ~100% | Not available | Partial |
| 2024 | -20.5% | -20.5% | ~100% | 1.9800% | Verified |
| 2023 | +11.9% | +11.9% | ~100% | 1.8100% | Verified |
| 2022 | +6.2% | +6.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -4.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +35.5% | +8.4% | -4.5% | +35.5% | 2026 | -19.8% | 2025 |
| Assessment Ratio | 100.0% | 58.2% | — | 100.0% | 2025 | 33.7% | 2022 |
| 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 |
$63,355 | $66,588 | ~$61,759 | $70,742 | 2021 | $60,835 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,120,233 | ~$3,120,233 | ~2.0139% | ~$62,840 | +0.8% |
| 2027 | ~$3,144,852 | ~$3,144,852 | ~1.9814% | ~$62,312 | +1.6% |
| 2028 | ~$3,169,665 | ~$3,169,665 | ~1.9488% | ~$61,772 | +2.4% |
| 2029 | ~$3,194,674 | ~$3,194,674 | ~1.9163% | ~$61,219 | +3.2% |
| 2030 | ~$3,219,880 | ~$3,219,880 | ~1.8837% | ~$60,654 | +4.0% |
| 2026 | ~$3,058,317 | ~$3,058,317 | ~2.0465% | ~$62,588 | -1.2% |
| 2027 | ~$3,021,281 | ~$3,021,281 | ~2.0465% | ~$61,830 | -2.4% |
| 2028 | ~$2,984,693 | ~$2,984,693 | ~2.0465% | ~$61,081 | -3.6% |
| 2029 | ~$2,948,549 | ~$2,948,549 | ~2.0465% | ~$60,342 | -4.8% |
| 2030 | ~$2,912,842 | ~$2,912,842 | ~2.0465% | ~$59,611 | -5.9% |
| 2026 | ~$3,182,149 | ~$3,182,149 | ~1.9977% | ~$63,569 | +2.8% |
| 2027 | ~$3,270,899 | ~$3,270,899 | ~1.9488% | ~$63,745 | +5.7% |
| 2028 | ~$3,362,125 | ~$3,362,125 | ~1.9000% | ~$63,881 | +8.6% |
| 2029 | ~$3,455,895 | ~$3,455,895 | ~1.8512% | ~$63,975 | +11.6% |
| 2030 | ~$3,552,280 | ~$3,552,280 | ~1.8024% | ~$64,025 | +14.7% |
In 2025, this property's market value of $3,095,807 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +118% 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 | $3,095,807 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,862,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,450,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,250,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,000,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 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.