707 W 34 ST TX
| Owner | 707 OFFICE BUILDING LLC |
|---|---|
| Parcel ID | 0218031521 |
| Short ID | 212685 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,824 SF |
| Land SF | 28,875 SF |
| Acres | 0.663 |
| Year Built | 1979 |
| Legal | LOTS 1 & 2 HANKEY SUBD OF LT 5 & 6 BLK 2 OLT 75 DIV D SMYTH ADDN |
| Neighborhood | 53CEN |
| Land | $2,598,728 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,598,728 |
| Improvement | $1,483,855 |
|---|---|
| Total Improvement | $1,483,855 |
| Market | $4,082,583 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,082,583 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,082,583 |
| Taxable Value | $4,082,583 |
|---|
Appreciation: Market value has risen +2.2% from $3,996,432 (2021) to $4,082,583 (2025), a CAGR of 0.5% 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 $83,549. 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 64% of market value ($2,598,728 land vs $1,483,855 improvements), about $90/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $4,082,583, 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 +0.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,192,888 by 2030, with an estimated annual tax burden around $78,983. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 10,200 SF | ✗ |
| 1ST | 1st Floor | 4,689 SF | ✓ |
| 2ND | 2nd Floor | 3,135 SF | ✓ |
| 501 | CANOPY | 654 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 380 SF | ✗ |
| 611 | TERRACE | 224 SF | ✗ |
| 581C | STORAGE ATT COMM | 80 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $37,772.06 | $37,772.06 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $21,393.43 | $21,393.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $15,344.18 | $15,344.18 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,818.39 | $4,818.39 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,221.39 | $4,221.39 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $83,549.45 | $83,549.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,488,109 | $4,082,583 | +9.9% |
| Assessed Value | $4,488,109 | $4,082,583 | +9.9% |
| Land Value | $2,887,475 | $2,598,728 | +11.1% |
| Improvement Value | $1,600,634 | $1,483,855 | +7.9% |
| Taxable Value | $4,488,109 | $4,082,583 | +9.9% |
| Total Tax 2026 = estimate |
~$91,848
Estimated
|
~$83,549
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,488,109 | $4,488,109 | +0 (+0.0%) |
| Taxable Value | $4,488,109 | $4,488,109 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,488,109 | $2,887,475 | $1,600,634 | — | $4,488,109 | $4,488,109 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,082,583 | $2,598,728 | $1,483,855 | — | $4,082,583 | $4,082,583 | ~$83,549 | Partial |
| 2024 | $4,299,723 | — | — | −$1,700,995 | $2,598,728 | $— | $80,565 | Verified |
| 2023 | $4,391,510 | — | — | −$1,792,782 | $2,598,728 | $— | $77,793 | Verified |
| 2022 | $4,138,795 | — | — | −$2,189,749 | $1,949,046 | $— | $86,729 | Verified |
| 2021 | $3,996,432 | — | — | −$2,047,387 | $1,949,045 | $— | $90,088 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.9% | +9.9% | ~100% | Not available | Partial |
| 2025 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2024 | -26.9% | -26.9% | ~100% | 1.9800% | Verified |
| 2023 | +26.7% | +26.7% | ~100% | 1.4000% | Verified |
| 2022 | +6.1% | +6.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -1.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.9% | +2.5% | -1.3% | +9.9% | 2026 | -5.1% | 2025 |
| Assessment Ratio | 100.0% | 69.2% | — | 100.0% | 2025 | 47.1% | 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 |
$83,549 | $83,745 | ~$80,834 | $90,088 | 2021 | $77,793 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,104,409 | ~$4,104,409 | ~2.0139% | ~$82,660 | +0.5% |
| 2027 | ~$4,126,352 | ~$4,126,352 | ~1.9814% | ~$81,759 | +1.1% |
| 2028 | ~$4,148,413 | ~$4,148,413 | ~1.9488% | ~$80,846 | +1.6% |
| 2029 | ~$4,170,591 | ~$4,170,591 | ~1.9163% | ~$79,921 | +2.2% |
| 2030 | ~$4,192,888 | ~$4,192,888 | ~1.8837% | ~$78,983 | +2.7% |
| 2026 | ~$4,022,758 | ~$4,022,758 | ~2.0465% | ~$82,325 | -1.5% |
| 2027 | ~$3,963,809 | ~$3,963,809 | ~2.0465% | ~$81,119 | -2.9% |
| 2028 | ~$3,905,724 | ~$3,905,724 | ~2.0465% | ~$79,930 | -4.3% |
| 2029 | ~$3,848,491 | ~$3,848,491 | ~2.0465% | ~$78,759 | -5.7% |
| 2030 | ~$3,792,096 | ~$3,792,096 | ~2.0465% | ~$77,605 | -7.1% |
| 2026 | ~$4,186,061 | ~$4,186,061 | ~1.9977% | ~$83,623 | +2.5% |
| 2027 | ~$4,292,162 | ~$4,292,162 | ~1.9488% | ~$83,647 | +5.1% |
| 2028 | ~$4,400,952 | ~$4,400,952 | ~1.9000% | ~$83,619 | +7.8% |
| 2029 | ~$4,512,499 | ~$4,512,499 | ~1.8512% | ~$83,535 | +10.5% |
| 2030 | ~$4,626,874 | ~$4,626,874 | ~1.8024% | ~$83,393 | +13.3% |
In 2025, this property's market value of $4,082,583 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +188% 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 | $4,082,583 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,299,723 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,391,510 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,138,795 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,996,432 | $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.