1005 W 41 ST 1 TX 78756
| Owner | CIRKIEL PAMELA A & MARTIN J CIRKIEL |
|---|---|
| Parcel ID | 0221021602 |
| Short ID | 719842 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 2,000 SF |
| Land SF | 5,919 SF |
| Acres | 0.136 |
| Year Built | 1967 |
| Legal | UNT 1 MIDTOWN PROFESSIONAL OFFICE CONDOMINIUMS PLUS 39.461 % INT IN COM AREA |
| Neighborhood | 23NC01 |
| Land | $532,724 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $532,724 |
| Improvement | $254,085 |
|---|---|
| Total Improvement | $254,085 |
| Market | $786,809 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $786,809 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $786,809 |
| Taxable Value | $786,809 |
|---|
Appreciation: Market value has risen +18.2% from $665,684 (2021) to $786,809 (2025), a CAGR of 4.3% over 4 years. This represents moderate, steady growth. 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 $16,102. 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 68% of market value ($532,724 land vs $254,085 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 $786,809, 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 +4.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $969,663 by 2030, with an estimated annual tax burden around $18,266. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,000 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% | $7,279.56 | $7,279.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,123.01 | $4,123.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,957.18 | $2,957.18 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $928.62 | $928.62 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $813.56 | $813.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,101.93 | $16,101.93 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $882,242 | $786,809 | +12.1% |
| Assessed Value | $882,242 | $786,809 | +12.1% |
| Land Value | $532,724 | $532,724 | +0.0% |
| Improvement Value | $349,518 | $254,085 | +37.6% |
| Taxable Value | $882,242 | $786,809 | +12.1% |
| Total Tax 2026 = estimate |
~$18,055
Estimated
|
~$16,102
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $882,242 | $882,242 | +0 (+0.0%) |
| Taxable Value | $882,242 | $882,242 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $882,242 | $532,724 | $349,518 | — | $882,242 | $882,242 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $786,809 | $532,724 | $254,085 | — | $786,809 | $786,809 | ~$16,102 | Partial |
| 2024 | $784,799 | — | — | −$252,075 | $532,724 | $— | $16,391 | Verified |
| 2023 | $721,484 | — | — | −$188,760 | $532,724 | $— | $14,199 | Verified |
| 2022 | $666,305 | — | — | −$133,581 | $532,724 | $— | $14,249 | Verified |
| 2021 | $665,684 | — | — | −$132,960 | $532,724 | $— | $14,503 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.1% | +12.1% | ~100% | Not available | Partial |
| 2025 | -4.9% | -4.9% | ~100% | Not available | Partial |
| 2024 | +5.4% | +5.4% | ~100% | 1.9800% | Verified |
| 2023 | +8.8% | +8.8% | ~100% | 1.8100% | Verified |
| 2022 | +8.3% | +8.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +18.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.1% | +5.9% | +2.0% | +12.1% | 2026 | +0.1% | 2022 |
| Assessment Ratio | 100.0% | 83.6% | — | 100.0% | 2025 | 67.9% | 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 |
$16,102 | $15,089 | ~$17,388 | $16,391 | 2024 | $14,199 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$820,389 | ~$820,389 | ~2.0139% | ~$16,522 | +4.3% |
| 2027 | ~$855,401 | ~$855,401 | ~1.9814% | ~$16,949 | +8.7% |
| 2028 | ~$891,908 | ~$891,908 | ~1.9488% | ~$17,382 | +13.4% |
| 2029 | ~$929,973 | ~$929,973 | ~1.9163% | ~$17,821 | +18.2% |
| 2030 | ~$969,663 | ~$969,663 | ~1.8837% | ~$18,266 | +23.2% |
| 2026 | ~$804,652 | ~$804,652 | ~2.0465% | ~$16,467 | +2.3% |
| 2027 | ~$822,901 | ~$822,901 | ~2.0465% | ~$16,841 | +4.6% |
| 2028 | ~$841,562 | ~$841,562 | ~2.0465% | ~$17,222 | +7.0% |
| 2029 | ~$860,648 | ~$860,648 | ~2.0465% | ~$17,613 | +9.4% |
| 2030 | ~$880,166 | ~$880,166 | ~2.0465% | ~$18,012 | +11.9% |
| 2026 | ~$836,125 | ~$836,125 | ~1.9977% | ~$16,703 | +6.3% |
| 2027 | ~$888,532 | ~$888,532 | ~1.9488% | ~$17,316 | +12.9% |
| 2028 | ~$944,223 | ~$944,223 | ~1.9000% | ~$17,940 | +20.0% |
| 2029 | ~$1,003,405 | ~$1,003,405 | ~1.8512% | ~$18,575 | +27.5% |
| 2030 | ~$1,066,297 | ~$1,066,297 | ~1.8024% | ~$19,219 | +35.5% |
In 2025, this property's market value of $786,809 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -44% 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 | $786,809 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $784,799 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $721,484 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $666,305 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $665,684 | $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.