1507 NORTH ST 2 TX 78756
| Owner | 1507 NORTH STREET LLC |
|---|---|
| Parcel ID | 0226041511 |
| Short ID | 832806 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 534 SF |
| Land SF | 860 SF |
| Acres | 0.020 |
| Year Built | 2008 |
| Legal | UNT 2 TERRACES ON NORTH CONDOMINIUMS AMENDED PLUS 4.9 % INT IN COM AREA |
| Neighborhood | 24NC02 |
| Land | $38,698 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $38,698 |
| Improvement | $157,704 |
|---|---|
| Total Improvement | $157,704 |
| Market | $196,402 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $196,402 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $196,402 |
| Taxable Value | $196,402 |
|---|
Appreciation: Market value has fallen -8.0% from $213,530 (2021) to $196,402 (2025), a CAGR of -2.1% 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 $4,019. 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 20% of market value ($38,698 land vs $157,704 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $196,402, 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 -2.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $176,911 by 2030, with an estimated annual tax burden around $3,333. 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 | 534 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% | $1,817.11 | $1,817.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,029.18 | $1,029.18 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $738.17 | $738.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $231.80 | $231.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $203.08 | $203.08 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $4,019.34 | $4,019.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $270,581 | $196,402 | +37.8% |
| Assessed Value | $235,682 | $196,402 | +20.0% |
| Land Value | $38,698 | $38,698 | +0.0% |
| Improvement Value | $231,883 | $157,704 | +47.0% |
| Taxable Value | $235,682 | $196,402 | +20.0% |
| HS Cap Loss | -$34,899 | — | |
| Total Tax 2026 = estimate |
~$4,823
Estimated
|
~$4,019
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $270,581 | $270,581 | +0 (+0.0%) |
| Taxable Value | $235,682 | $235,682 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $270,581 | $38,698 | $231,883 | −$34,899 | $235,682 | $235,682 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $196,402 | $38,698 | $157,704 | — | $196,402 | $196,402 | ~$4,019 | Partial |
| 2024 | $439,542 | — | — | −$400,844 | $38,698 | $— | $4,825 | Verified |
| 2023 | $340,817 | — | — | −$302,119 | $38,698 | $— | $7,952 | Verified |
| 2022 | $247,802 | — | — | −$209,104 | $38,698 | $— | $6,731 | Verified |
| 2021 | $213,530 | — | — | −$179,132 | $34,398 | $— | $5,394 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +37.8% | +20.0% | 87.1% | Not available | Partial |
| 2025 | -19.3% | -19.3% | ~100% | Not available | Partial |
| 2024 | -44.6% | -44.6% | ~100% | 1.9800% | Verified |
| 2023 | +29.0% | +29.0% | ~100% | 1.8100% | Verified |
| 2022 | +37.5% | +37.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -20.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +37.8% | +13.0% | -7.4% | +37.8% | 2026 | -55.3% | 2025 |
| Assessment Ratio | 87.1% | 39.8% | — | 100.0% | 2025 | 8.8% | 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 |
$4,019 | $5,784 | ~$3,599 | $7,952 | 2023 | $4,019 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$192,339 | ~$192,339 | ~2.0139% | ~$3,874 | -2.1% |
| 2027 | ~$188,360 | ~$188,360 | ~1.9814% | ~$3,732 | -4.1% |
| 2028 | ~$184,464 | ~$184,464 | ~1.9488% | ~$3,595 | -6.1% |
| 2029 | ~$180,648 | ~$180,648 | ~1.9163% | ~$3,462 | -8.0% |
| 2030 | ~$176,911 | ~$176,911 | ~1.8837% | ~$3,333 | -9.9% |
| 2026 | ~$188,411 | ~$188,411 | ~2.0465% | ~$3,856 | -4.1% |
| 2027 | ~$180,745 | ~$180,745 | ~2.0465% | ~$3,699 | -8.0% |
| 2028 | ~$173,391 | ~$173,391 | ~2.0465% | ~$3,548 | -11.7% |
| 2029 | ~$166,337 | ~$166,337 | ~2.0465% | ~$3,404 | -15.3% |
| 2030 | ~$159,569 | ~$159,569 | ~2.0465% | ~$3,266 | -18.8% |
| 2026 | ~$196,267 | ~$196,267 | ~1.9977% | ~$3,921 | -0.1% |
| 2027 | ~$196,132 | ~$196,132 | ~1.9488% | ~$3,822 | -0.1% |
| 2028 | ~$195,998 | ~$195,998 | ~1.9000% | ~$3,724 | -0.2% |
| 2029 | ~$195,863 | ~$195,863 | ~1.8512% | ~$3,626 | -0.3% |
| 2030 | ~$195,729 | ~$195,729 | ~1.8024% | ~$3,528 | -0.3% |
In 2025, this property's market value of $196,402 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -86% 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 | $196,402 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $439,542 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $340,817 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $247,802 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $213,530 | $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.