1029 REINLI ST TX 78723
| Owner | HOOVER-PENCE LP |
|---|---|
| Parcel ID | 0224140204 |
| Short ID | 223349 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 20,020 SF |
| Land SF | 46,609 SF |
| Acres | 1.070 |
| Year Built | 1973 |
| Legal | 1.070 ACRES OF LOT 44 DUVAL HEIGHTS |
| Neighborhood | 60EAS |
| Land | $932,184 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $932,184 |
| Improvement | $2,308,592 |
|---|---|
| Total Improvement | $2,308,592 |
| Market | $3,240,776 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,240,776 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,240,776 |
| Taxable Value | $3,240,776 |
|---|
Appreciation: Market value has risen +31.6% from $2,462,922 (2021) to $3,240,776 (2025), a CAGR of 7.1% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has outpaced 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 $66,322. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 29% of market value ($932,184 land vs $2,308,592 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,240,776, 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 +7.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,567,168 by 2030, with an estimated annual tax burden around $86,034. 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 | 22,300 SF | ✗ |
| 1ST | 1st Floor | 20,020 SF | ✓ |
| 881 | COMMCL FINISHOUT | 4,335 SF | ✓ |
| 501 | CANOPY | 984 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% | $29,983.66 | $29,983.66 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,982.22 | $16,982.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,180.29 | $12,180.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,824.86 | $3,824.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,350.96 | $3,350.96 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $66,321.99 | $66,321.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,300,000 | $3,240,776 | +1.8% |
| Assessed Value | $3,300,000 | $3,240,776 | +1.8% |
| Land Value | $932,184 | $932,184 | +0.0% |
| Improvement Value | $2,367,816 | $2,308,592 | +2.6% |
| Taxable Value | $3,300,000 | $3,240,776 | +1.8% |
| Total Tax 2026 = estimate |
~$67,534
Estimated
|
~$66,322
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,370,366 | $3,300,000 | -70,366 (-2.1%) |
| Taxable Value | $3,370,366 | $3,300,000 | -70,366 (-2.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,300,000 | $932,184 | $2,367,816 | — | $3,300,000 | $3,300,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,240,776 | $932,184 | $2,308,592 | — | $3,240,776 | $3,240,776 | ~$66,322 | Partial |
| 2024 | $3,150,000 | — | — | −$2,217,816 | $932,184 | $— | $64,607 | Verified |
| 2023 | $2,900,000 | — | — | −$1,967,816 | $932,184 | $— | $56,991 | Verified |
| 2022 | $2,600,000 | — | — | −$1,667,816 | $932,184 | $— | $57,273 | Verified |
| 2021 | $2,462,922 | — | — | −$1,530,738 | $932,184 | $— | $56,594 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.0% | +4.0% | ~100% | Not available | Partial |
| 2025 | -0.6% | -0.6% | ~100% | Not available | Partial |
| 2024 | +3.5% | +3.5% | ~100% | 1.9800% | Verified |
| 2023 | +8.6% | +8.6% | ~100% | 1.8100% | Verified |
| 2022 | +11.5% | +11.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.8% | +6.1% | +6.7% | +11.5% | 2023 | +1.8% | 2026 |
| Assessment Ratio | 100.0% | 55.9% | — | 100.0% | 2025 | 29.6% | 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 |
$66,322 | $60,357 | ~$77,781 | $66,322 | 2025 | $56,594 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,470,952 | ~$3,470,952 | ~2.0139% | ~$69,903 | +7.1% |
| 2027 | ~$3,717,476 | ~$3,717,476 | ~1.9814% | ~$73,658 | +14.7% |
| 2028 | ~$3,981,510 | ~$3,981,510 | ~1.9488% | ~$77,593 | +22.9% |
| 2029 | ~$4,264,296 | ~$4,264,296 | ~1.9163% | ~$81,716 | +31.6% |
| 2030 | ~$4,567,168 | ~$4,567,168 | ~1.8837% | ~$86,034 | +40.9% |
| 2026 | ~$3,406,136 | ~$3,406,136 | ~2.0465% | ~$69,706 | +5.1% |
| 2027 | ~$3,579,934 | ~$3,579,934 | ~2.0465% | ~$73,263 | +10.5% |
| 2028 | ~$3,762,600 | ~$3,762,600 | ~2.0465% | ~$77,001 | +16.1% |
| 2029 | ~$3,954,587 | ~$3,954,587 | ~2.0465% | ~$80,930 | +22.0% |
| 2030 | ~$4,156,369 | ~$4,156,369 | ~2.0465% | ~$85,059 | +28.3% |
| 2026 | ~$3,535,767 | ~$3,535,767 | ~1.9977% | ~$70,633 | +9.1% |
| 2027 | ~$3,857,611 | ~$3,857,611 | ~1.9488% | ~$75,179 | +19.0% |
| 2028 | ~$4,208,749 | ~$4,208,749 | ~1.9000% | ~$79,967 | +29.9% |
| 2029 | ~$4,591,851 | ~$4,591,851 | ~1.8512% | ~$85,004 | +41.7% |
| 2030 | ~$5,009,824 | ~$5,009,824 | ~1.8024% | ~$90,296 | +54.6% |
In 2025, this property's market value of $3,240,776 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +129% 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 | $3,240,776 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,150,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,900,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,600,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,462,922 | $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.