3520 N LAMAR BLVD TX 78705
| Owner | CROCKETT PARTNERS LTD |
|---|---|
| Parcel ID | 0219011710 |
| Short ID | 214605 |
| Type | Real |
| Use Code | 58 Bank — Branch Office |
| Valuation | Income |
| Improvement SF | 3,853 SF |
| Land SF | 28,349 SF |
| Acres | 0.651 |
| Year Built | 2004 |
| Legal | LOT 5-8,11-14, W 12.61FT OF LOT 9 & W 14.45 FT OF LOT 10 BLK 5 PENN PARK PLUS VAC ALLEY |
| Neighborhood | 58CEN |
| Land | $3,401,880 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,401,880 |
| Improvement | $1,295,691 |
|---|---|
| Total Improvement | $1,295,691 |
| Market | $4,697,571 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,697,571 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,697,571 |
| Taxable Value | $4,697,571 |
|---|
Appreciation: Market value has risen +15.8% from $4,056,734 (2021) to $4,697,571 (2025), a CAGR of 3.7% 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 $96,135. 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 72% of market value ($3,401,880 land vs $1,295,691 improvements), about $120/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $4,697,571, 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 +3.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,642,796 by 2030, with an estimated annual tax burden around $106,296. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 22,931 SF | ✗ |
| 1ST | 1st Floor | 3,853 SF | ✓ |
| 503 | CANOPY - BANK | 1,763 SF | ✗ |
| 611 | TERRACE | 449 SF | ✗ |
| 501 | CANOPY | 449 SF | ✗ |
| 482 | LIGHT POLES | 3 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% | $43,461.93 | $43,461.93 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $24,616.07 | $24,616.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17,655.59 | $17,655.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,544.21 | $5,544.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,857.29 | $4,857.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $96,135.09 | $96,135.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,041,262 | $4,697,571 | +7.3% |
| Assessed Value | $5,041,262 | $4,697,571 | +7.3% |
| Land Value | $3,401,880 | $3,401,880 | +0.0% |
| Improvement Value | $1,639,382 | $1,295,691 | +26.5% |
| Taxable Value | $5,041,262 | $4,697,571 | +7.3% |
| Total Tax 2026 = estimate |
~$103,169
Estimated
|
~$96,135
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,041,262 | $5,041,262 | +0 (+0.0%) |
| Taxable Value | $5,041,262 | $5,041,262 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,041,262 | $3,401,880 | $1,639,382 | — | $5,041,262 | $5,041,262 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,697,571 | $3,401,880 | $1,295,691 | — | $4,697,571 | $4,697,571 | ~$96,135 | Partial |
| 2024 | $4,494,430 | — | — | −$1,092,550 | $3,401,880 | $— | $93,097 | Verified |
| 2023 | $4,000,000 | — | — | −$598,120 | $3,401,880 | $— | $81,315 | Verified |
| 2022 | $4,066,234 | — | — | −$1,231,334 | $2,834,900 | $— | $78,997 | Verified |
| 2021 | $4,056,734 | — | — | −$1,221,834 | $2,834,900 | $— | $88,509 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.3% | +7.3% | ~100% | Not available | Partial |
| 2025 | -5.0% | -5.0% | ~100% | Not available | Partial |
| 2024 | +10.0% | +10.0% | ~100% | 1.8800% | Verified |
| 2023 | +12.4% | +12.4% | ~100% | 1.8100% | Verified |
| 2022 | -1.6% | -1.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.3% | +4.6% | +2.3% | +12.4% | 2024 | -1.6% | 2023 |
| Assessment Ratio | 100.0% | 83.4% | — | 100.0% | 2025 | 69.7% | 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 |
$96,135 | $87,611 | ~$102,205 | $96,135 | 2025 | $78,997 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,873,013 | ~$4,873,013 | ~2.0139% | ~$98,139 | +3.7% |
| 2027 | ~$5,055,007 | ~$5,055,007 | ~1.9814% | ~$100,159 | +7.6% |
| 2028 | ~$5,243,798 | ~$5,243,798 | ~1.9488% | ~$102,193 | +11.6% |
| 2029 | ~$5,439,640 | ~$5,439,640 | ~1.9163% | ~$104,239 | +15.8% |
| 2030 | ~$5,642,796 | ~$5,642,796 | ~1.8837% | ~$106,296 | +20.1% |
| 2026 | ~$4,779,061 | ~$4,779,061 | ~2.0465% | ~$97,803 | +1.7% |
| 2027 | ~$4,861,966 | ~$4,861,966 | ~2.0465% | ~$99,499 | +3.5% |
| 2028 | ~$4,946,308 | ~$4,946,308 | ~2.0465% | ~$101,225 | +5.3% |
| 2029 | ~$5,032,113 | ~$5,032,113 | ~2.0465% | ~$102,981 | +7.1% |
| 2030 | ~$5,119,407 | ~$5,119,407 | ~2.0465% | ~$104,768 | +9.0% |
| 2026 | ~$4,966,964 | ~$4,966,964 | ~1.9977% | ~$99,223 | +5.7% |
| 2027 | ~$5,251,807 | ~$5,251,807 | ~1.9488% | ~$102,349 | +11.8% |
| 2028 | ~$5,552,984 | ~$5,552,984 | ~1.9000% | ~$105,508 | +18.2% |
| 2029 | ~$5,871,433 | ~$5,871,433 | ~1.8512% | ~$108,692 | +25.0% |
| 2030 | ~$6,208,144 | ~$6,208,144 | ~1.8024% | ~$111,894 | +32.2% |
In 2025, this property's market value of $4,697,571 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,697,571 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,494,430 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,066,234 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,056,734 | $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.