5115 N LAMAR BLVD TX 78751
| Owner | BELLA & TAZ PROPERTIES LLC |
|---|---|
| Parcel ID | 0224070202 |
| Short ID | 223189 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 5,834 SF |
| Land SF | 10,934 SF |
| Acres | 0.251 |
| Year Built | 1942 |
| Legal | ABS 789 SUR 57 WALLACE J P ACR .2510 |
| Neighborhood | 59CEN |
| Land | $1,148,024 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,148,024 |
| Improvement | $328,026 |
|---|---|
| Total Improvement | $328,026 |
| Market | $1,476,050 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,476,050 |
| Value Limitation Adjustment (−) (homestead cap) | −$276,050 |
| Net Appraised (assessed) | $1,200,000 |
| Taxable Value | $1,200,000 |
|---|
Appreciation: Market value has risen +1.9% from $1,448,835 (2021) to $1,476,050 (2025), a CAGR of 0.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $24,558. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,200,000) is $276,050 below market value, suggesting potential for an upward assessment in future years.
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 78% of market value ($1,148,024 land vs $328,026 improvements), about $105/SF of land. With value concentrated in the land under a ~84-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 $1,476,050, this parcel sits in the upper-middle (50th–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 +0.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,510,789 by 2030, with an estimated annual tax burden around $28,459. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,452 SF | ✓ |
| 551 | PAVED AREA | 1,800 SF | ✗ |
| 2ND | 2nd Floor | 1,382 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,350 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 1,085 SF | ✗ |
| 512C | DECK UNCOVRED COMM | 588 SF | ✗ |
| 581C | STORAGE ATT COMM | 286 SF | ✓ |
| 251 | BATHROOM | 4 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% | $11,102.40 | $11,102.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,288.20 | $6,288.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,510.14 | $4,510.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,416.28 | $1,416.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,240.80 | $1,240.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,557.82 | $24,557.82 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,500,000 | $1,476,050 | +1.6% |
| Assessed Value | $1,500,000 | $1,200,000 | +25.0% |
| Land Value | $1,148,024 | $1,148,024 | +0.0% |
| Improvement Value | $351,976 | $328,026 | +7.3% |
| Taxable Value | $1,500,000 | $1,200,000 | +25.0% |
| Total Tax 2026 = estimate |
~$30,697
Estimated
|
~$24,558
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,513,522 | $1,500,000 | -13,522 (-0.9%) |
| Taxable Value | $1,513,522 | $1,500,000 | -13,522 (-0.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,500,000 | $1,148,024 | $351,976 | — | $1,500,000 | $1,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,476,050 | $1,148,024 | $328,026 | −$276,050 | $1,200,000 | $1,200,000 | ~$24,558 | Partial |
| 2024 | $1,000,000 | — | — | — | $1,000,000 | $— | $19,818 | Verified |
| 2023 | $1,276,975 | — | — | −$128,951 | $1,148,024 | $— | $18,092 | Verified |
| 2022 | $1,100,000 | — | — | −$553,322 | $546,678 | $— | $25,219 | Verified |
| 2021 | $1,448,835 | — | — | −$574,150 | $874,685 | $— | $23,943 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.5% | +26.1% | ~100% | Not available | Partial |
| 2025 | +47.6% | +20.0% | 81.3% | Not available | Partial |
| 2024 | -44.5% | -44.5% | ~100% | 1.9800% | Verified |
| 2023 | +41.0% | +41.0% | ~100% | 1.0000% | Verified |
| 2022 | -13.6% | -13.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -0.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.6% | +3.9% | +0.1% | +47.6% | 2025 | -24.1% | 2022 |
| Assessment Ratio | 100.0% | 80.2% | — | 100.0% | 2024 | 49.7% | 2022 |
| Effective Tax Rate (2025) | 1.6600% | 1.6600% | — | 1.6600% | 2025 | 1.6600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$24,558 | $22,326 | ~$28,360 | $25,219 | 2022 | $18,092 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,482,933 | ~$1,320,000 | ~2.0139% | ~$26,584 | +0.5% |
| 2027 | ~$1,489,849 | ~$1,452,000 | ~1.9814% | ~$28,770 | +0.9% |
| 2028 | ~$1,496,796 | ~$1,496,796 | ~1.9488% | ~$29,170 | +1.4% |
| 2029 | ~$1,503,776 | ~$1,503,776 | ~1.9163% | ~$28,817 | +1.9% |
| 2030 | ~$1,510,789 | ~$1,510,789 | ~1.8837% | ~$28,459 | +2.4% |
| 2026 | ~$1,453,412 | ~$1,320,000 | ~2.0465% | ~$27,014 | -1.5% |
| 2027 | ~$1,431,122 | ~$1,431,122 | ~2.0465% | ~$29,288 | -3.0% |
| 2028 | ~$1,409,173 | ~$1,409,173 | ~2.0465% | ~$28,839 | -4.5% |
| 2029 | ~$1,387,561 | ~$1,387,561 | ~2.0465% | ~$28,396 | -6.0% |
| 2030 | ~$1,366,280 | ~$1,366,280 | ~2.0465% | ~$27,961 | -7.4% |
| 2026 | ~$1,512,454 | ~$1,320,000 | ~1.9977% | ~$26,369 | +2.5% |
| 2027 | ~$1,549,756 | ~$1,452,000 | ~1.9488% | ~$28,297 | +5.0% |
| 2028 | ~$1,587,978 | ~$1,587,978 | ~1.9000% | ~$30,172 | +7.6% |
| 2029 | ~$1,627,143 | ~$1,627,143 | ~1.8512% | ~$30,122 | +10.2% |
| 2030 | ~$1,667,274 | ~$1,667,274 | ~1.8024% | ~$30,050 | +13.0% |
In 2025, this property's market value of $1,476,050 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +4% above 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 | $1,476,050 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,276,975 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,100,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,448,835 | $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.