1110 E 51 ST TX 78723
| Owner | 51 ST CENTER LLC |
|---|---|
| Parcel ID | 0221130247 |
| Short ID | 218531 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 3,200 SF |
| Land SF | 11,154 SF |
| Acres | 0.256 |
| Year Built | 1972 |
| Legal | SW 83 X 126FT AV OF LOT 1 H J SUBD |
| Neighborhood | 20CEN |
| Land | $892,320 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $892,320 |
| Improvement | $115,912 |
|---|---|
| Total Improvement | $115,912 |
| Market | $1,008,232 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,008,232 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,008,232 |
| Taxable Value | $1,008,232 |
|---|
Appreciation: Market value has risen +14.6% from $880,000 (2021) to $1,008,232 (2025), a CAGR of 3.5% 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 $20,633. 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 89% of market value ($892,320 land vs $115,912 improvements), about $80/SF of land. With value concentrated in the land under a ~54-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,008,232, 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 +3.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,195,110 by 2030, with an estimated annual tax burden around $22,513. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 6,500 SF | ✗ |
| 1ST | 1st Floor | 3,200 SF | ✓ |
| 611 | TERRACE | 341 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% | $9,328.16 | $9,328.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,283.31 | $5,283.31 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,789.39 | $3,789.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,189.95 | $1,189.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,042.51 | $1,042.51 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,633.32 | $20,633.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,086,263 | $1,008,232 | +7.7% |
| Assessed Value | $1,086,263 | $1,008,232 | +7.7% |
| Land Value | $892,320 | $892,320 | +0.0% |
| Improvement Value | $193,943 | $115,912 | +67.3% |
| Taxable Value | $1,086,263 | $1,008,232 | +7.7% |
| Total Tax 2026 = estimate |
~$22,230
Estimated
|
~$20,633
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,086,263 | $1,086,263 | +0 (+0.0%) |
| Taxable Value | $1,086,263 | $1,086,263 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,086,263 | $892,320 | $193,943 | — | $1,086,263 | $1,086,263 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,008,232 | $892,320 | $115,912 | — | $1,008,232 | $1,008,232 | ~$20,633 | Partial |
| 2024 | $1,030,957 | — | — | −$138,637 | $892,320 | $— | $16,029 | Verified |
| 2023 | $955,957 | — | — | −$63,637 | $892,320 | $— | $14,655 | Verified |
| 2022 | $900,000 | — | — | −$342,300 | $557,700 | $— | $14,814 | Verified |
| 2021 | $880,000 | — | — | −$378,070 | $501,930 | $— | $19,590 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.7% | +7.7% | ~100% | Not available | Partial |
| 2025 | -2.2% | -2.2% | ~100% | Not available | Partial |
| 2024 | -0.1% | -0.1% | ~100% | 1.5600% | Verified |
| 2023 | +7.8% | +7.8% | ~100% | 1.4200% | Verified |
| 2022 | +6.2% | +6.2% | ~100% | 1.5500% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.7% | +4.4% | +2.0% | +7.8% | 2024 | -2.2% | 2025 |
| Assessment Ratio | 100.0% | 83.1% | — | 100.0% | 2025 | 57.0% | 2021 |
| 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 |
$20,633 | $17,144 | ~$21,760 | $20,633 | 2025 | $14,655 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,043,110 | ~$1,043,110 | ~2.0139% | ~$21,008 | +3.5% |
| 2027 | ~$1,079,194 | ~$1,079,194 | ~1.9814% | ~$21,383 | +7.0% |
| 2028 | ~$1,116,526 | ~$1,116,526 | ~1.9488% | ~$21,759 | +10.7% |
| 2029 | ~$1,155,150 | ~$1,155,150 | ~1.9163% | ~$22,136 | +14.6% |
| 2030 | ~$1,195,110 | ~$1,195,110 | ~1.8837% | ~$22,513 | +18.5% |
| 2026 | ~$1,022,945 | ~$1,022,945 | ~2.0465% | ~$20,934 | +1.5% |
| 2027 | ~$1,037,873 | ~$1,037,873 | ~2.0465% | ~$21,240 | +2.9% |
| 2028 | ~$1,053,018 | ~$1,053,018 | ~2.0465% | ~$21,550 | +4.4% |
| 2029 | ~$1,068,385 | ~$1,068,385 | ~2.0465% | ~$21,864 | +6.0% |
| 2030 | ~$1,083,975 | ~$1,083,975 | ~2.0465% | ~$22,183 | +7.5% |
| 2026 | ~$1,063,274 | ~$1,063,274 | ~1.9977% | ~$21,241 | +5.5% |
| 2027 | ~$1,121,321 | ~$1,121,321 | ~1.9488% | ~$21,853 | +11.2% |
| 2028 | ~$1,182,537 | ~$1,182,537 | ~1.9000% | ~$22,468 | +17.3% |
| 2029 | ~$1,247,095 | ~$1,247,095 | ~1.8512% | ~$23,086 | +23.7% |
| 2030 | ~$1,315,178 | ~$1,315,178 | ~1.8024% | ~$23,704 | +30.4% |
In 2025, this property's market value of $1,008,232 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -29% 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 | $1,008,232 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,030,957 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $955,957 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $900,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $880,000 | $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.