1215 CORONA DR TX 78723
| Owner | CALLIHAM PROPERTIES LLC |
|---|---|
| Parcel ID | 0222140153 |
| Short ID | 220501 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 6,720 SF |
| Land SF | 33,389 SF |
| Acres | 0.767 |
| Year Built | 1958 |
| Legal | LOT 6 & PARTS OF LOT 2,4&5 BLK G DELWOOD SEC 4 |
| Neighborhood | 30CEN |
| Land | $667,780 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $667,780 |
| Improvement | $607,954 |
|---|---|
| Total Improvement | $607,954 |
| Market | $1,275,734 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,275,734 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,275,734 |
| Taxable Value | $1,275,734 |
|---|
Appreciation: Market value has fallen -0.6% from $1,283,187 (2021) to $1,275,734 (2025), a CAGR of -0.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $26,108. 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 52% of market value ($667,780 land vs $607,954 improvements), about $20/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,275,734, 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 -0.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,266,479 by 2030, with an estimated annual tax burden around $23,857. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 16,250 SF | ✗ |
| 1ST | 1st Floor | 6,720 SF | ✓ |
| 501 | CANOPY | 1,114 SF | ✗ |
| 611 | TERRACE | 654 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% | $11,803.09 | $11,803.09 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,685.06 | $6,685.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,794.78 | $4,794.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,505.66 | $1,505.66 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,319.11 | $1,319.11 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $26,107.70 | $26,107.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,260,000 | $1,275,734 | -1.2% |
| Assessed Value | $1,260,000 | $1,275,734 | -1.2% |
| Land Value | $667,780 | $667,780 | +0.0% |
| Improvement Value | $592,220 | $607,954 | -2.6% |
| Taxable Value | $1,260,000 | $1,275,734 | -1.2% |
| Total Tax 2026 = estimate |
~$25,786
Estimated
|
~$26,108
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,283,946 | $1,260,000 | -23,946 (-1.9%) |
| Taxable Value | $1,283,946 | $1,260,000 | -23,946 (-1.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,260,000 | $667,780 | $592,220 | — | $1,260,000 | $1,260,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,275,734 | $667,780 | $607,954 | — | $1,275,734 | $1,275,734 | ~$26,108 | Partial |
| 2024 | $1,229,558 | — | — | −$561,778 | $667,780 | $— | $25,736 | Verified |
| 2023 | $1,143,316 | — | — | −$475,536 | $667,780 | $— | $22,246 | Verified |
| 2022 | $1,111,763 | — | — | −$443,983 | $667,780 | $— | $22,580 | Verified |
| 2021 | $1,283,187 | — | — | −$615,407 | $667,780 | $— | $24,200 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.6% | +0.6% | ~100% | Not available | Partial |
| 2025 | -1.8% | -1.8% | ~100% | Not available | Partial |
| 2024 | +5.6% | +5.6% | ~100% | 1.9800% | Verified |
| 2023 | +7.5% | +7.5% | ~100% | 1.8100% | Verified |
| 2022 | +2.8% | +2.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.8900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.2% | -0.1% | +0.1% | +7.5% | 2024 | -13.4% | 2022 |
| Assessment Ratio | 100.0% | 70.8% | — | 100.0% | 2025 | 52.0% | 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 |
$26,108 | $24,174 | ~$24,755 | $26,108 | 2025 | $22,246 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,273,878 | ~$1,273,878 | ~2.0139% | ~$25,655 | -0.1% |
| 2027 | ~$1,272,024 | ~$1,272,024 | ~1.9814% | ~$25,204 | -0.3% |
| 2028 | ~$1,270,173 | ~$1,270,173 | ~1.9488% | ~$24,754 | -0.4% |
| 2029 | ~$1,268,324 | ~$1,268,324 | ~1.9163% | ~$24,305 | -0.6% |
| 2030 | ~$1,266,479 | ~$1,266,479 | ~1.8837% | ~$23,857 | -0.7% |
| 2026 | ~$1,248,363 | ~$1,248,363 | ~2.0465% | ~$25,548 | -2.1% |
| 2027 | ~$1,221,579 | ~$1,221,579 | ~2.0465% | ~$24,999 | -4.2% |
| 2028 | ~$1,195,370 | ~$1,195,370 | ~2.0465% | ~$24,463 | -6.3% |
| 2029 | ~$1,169,723 | ~$1,169,723 | ~2.0465% | ~$23,938 | -8.3% |
| 2030 | ~$1,144,626 | ~$1,144,626 | ~2.0465% | ~$23,425 | -10.3% |
| 2026 | ~$1,299,392 | ~$1,299,392 | ~1.9977% | ~$25,957 | +1.9% |
| 2027 | ~$1,323,489 | ~$1,323,489 | ~1.9488% | ~$25,793 | +3.7% |
| 2028 | ~$1,348,033 | ~$1,348,033 | ~1.9000% | ~$25,613 | +5.7% |
| 2029 | ~$1,373,032 | ~$1,373,032 | ~1.8512% | ~$25,417 | +7.6% |
| 2030 | ~$1,398,494 | ~$1,398,494 | ~1.8024% | ~$25,206 | +9.6% |
In 2025, this property's market value of $1,275,734 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -10% 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 | $1,275,734 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,229,558 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,143,316 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,111,763 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,283,187 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.