1005 W 41 ST 3 TX 78756
| Owner | CIRKIEL PAMELA A & MARTIN J CIRKIEL |
|---|---|
| Parcel ID | 0221021604 |
| Short ID | 719844 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 900 SF |
| Land SF | 2,616 SF |
| Acres | 0.060 |
| Year Built | 1967 |
| Legal | UNT 3 MIDTOWN PROFESSIONAL OFFICE CONDOMINIUMS PLUS 17.4398 % INT IN COM AREA |
| Neighborhood | 23NC01 |
| Land | $235,437 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $235,437 |
| Improvement | $123,863 |
|---|---|
| Total Improvement | $123,863 |
| Market | $359,300 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $359,300 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $359,300 |
| Taxable Value | $359,300 |
|---|
Appreciation: Market value has risen +19.2% from $301,475 (2021) to $359,300 (2025), a CAGR of 4.5% 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 $7,353. 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 66% of market value ($235,437 land vs $123,863 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 $359,300, this parcel sits in the bottom quartile (<25th 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 +4.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $447,419 by 2030, with an estimated annual tax burden around $8,428. 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 | 900 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% | $3,324.24 | $3,324.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,882.79 | $1,882.79 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,350.41 | $1,350.41 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $424.06 | $424.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $371.52 | $371.52 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $7,353.02 | $7,353.02 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $405,827 | $359,300 | +12.9% |
| Assessed Value | $405,827 | $359,300 | +12.9% |
| Land Value | $235,437 | $235,437 | +0.0% |
| Improvement Value | $170,390 | $123,863 | +37.6% |
| Taxable Value | $405,827 | $359,300 | +12.9% |
| Total Tax 2026 = estimate |
~$8,305
Estimated
|
~$7,353
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $405,827 | $405,827 | +0 (+0.0%) |
| Taxable Value | $405,827 | $405,827 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $405,827 | $235,437 | $170,390 | — | $405,827 | $405,827 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $359,300 | $235,437 | $123,863 | — | $359,300 | $359,300 | ~$7,353 | Partial |
| 2024 | $358,321 | — | — | −$122,884 | $235,437 | $— | $7,510 | Verified |
| 2023 | $327,460 | — | — | −$92,023 | $235,437 | $— | $6,483 | Verified |
| 2022 | $301,786 | — | — | −$66,349 | $235,437 | $— | $6,467 | Verified |
| 2021 | $301,475 | — | — | −$66,038 | $235,437 | $— | $6,569 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.9% | +12.9% | ~100% | Not available | Partial |
| 2025 | -5.2% | -5.2% | ~100% | Not available | Partial |
| 2024 | +5.8% | +5.8% | ~100% | 1.9800% | Verified |
| 2023 | +9.4% | +9.4% | ~100% | 1.8100% | Verified |
| 2022 | +8.5% | +8.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +19.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.9% | +6.2% | +2.1% | +12.9% | 2026 | +0.1% | 2022 |
| Assessment Ratio | 100.0% | 82.3% | — | 100.0% | 2025 | 65.7% | 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 |
$7,353 | $6,876 | ~$7,991 | $7,510 | 2024 | $6,467 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$375,412 | ~$375,412 | ~2.0139% | ~$7,561 | +4.5% |
| 2027 | ~$392,247 | ~$392,247 | ~1.9814% | ~$7,772 | +9.2% |
| 2028 | ~$409,837 | ~$409,837 | ~1.9488% | ~$7,987 | +14.1% |
| 2029 | ~$428,216 | ~$428,216 | ~1.9163% | ~$8,206 | +19.2% |
| 2030 | ~$447,419 | ~$447,419 | ~1.8837% | ~$8,428 | +24.5% |
| 2026 | ~$368,226 | ~$368,226 | ~2.0465% | ~$7,536 | +2.5% |
| 2027 | ~$377,375 | ~$377,375 | ~2.0465% | ~$7,723 | +5.0% |
| 2028 | ~$386,750 | ~$386,750 | ~2.0465% | ~$7,915 | +7.6% |
| 2029 | ~$396,359 | ~$396,359 | ~2.0465% | ~$8,111 | +10.3% |
| 2030 | ~$406,206 | ~$406,206 | ~2.0465% | ~$8,313 | +13.1% |
| 2026 | ~$382,598 | ~$382,598 | ~1.9977% | ~$7,643 | +6.5% |
| 2027 | ~$407,408 | ~$407,408 | ~1.9488% | ~$7,940 | +13.4% |
| 2028 | ~$433,826 | ~$433,826 | ~1.9000% | ~$8,243 | +20.7% |
| 2029 | ~$461,957 | ~$461,957 | ~1.8512% | ~$8,552 | +28.6% |
| 2030 | ~$491,912 | ~$491,912 | ~1.8024% | ~$8,866 | +36.9% |
In 2025, this property's market value of $359,300 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -75% 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 | $359,300 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $358,321 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $327,460 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $301,786 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $301,475 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.