AIRPORT BLVD TX 78752
| Owner | HM RETAIL LLC |
|---|---|
| Parcel ID | 0227110108 |
| Short ID | 860645 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 37,592 SF |
| Acres | 0.863 |
| Year Built | — |
| Legal | LOT 2D BLK A AUSTIN MALL AMD LT 2C & 2D OF RESUB OF LT 2 |
| Neighborhood | 1NC2 |
| Land | $2,706,644 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,706,644 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $2,556,275 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,556,275 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,556,275 |
| Taxable Value | $2,556,275 |
|---|
Appreciation: Market value has risen +88.9% from $1,353,322 (2021) to $2,556,275 (2025), a CAGR of 17.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant 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 $52,314. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 106% of market value ($2,706,644 land vs $0 improvements), about $72/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $2,556,275, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +17.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,660,641 by 2030, with an estimated annual tax burden around $106,632. 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.
Market value changed by 80% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $23,650.66 | $23,650.66 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,395.32 | $13,395.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,607.63 | $9,607.63 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,016.99 | $3,016.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,643.19 | $2,643.19 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $52,313.79 | $52,313.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,503,000 | $2,556,275 | -41.2% |
| Assessed Value | $1,503,000 | $2,556,275 | -41.2% |
| Land Value | $1,503,691 | $2,706,644 | -44.4% |
| Improvement Value | — | — | — |
| Taxable Value | $1,503,000 | $2,556,275 | -41.2% |
| Total Tax 2026 = estimate |
~$30,759
Estimated
|
~$52,314
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,503,000 | $1,503,000 | +0 (+0.0%) |
| Taxable Value | $1,503,000 | $1,503,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,503,000 | $1,503,691 | — | — | $1,503,000 | $1,503,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,556,275 | $2,706,644 | — | — | $2,556,275 | $2,556,275 | ~$52,314 | Partial |
| 2024 | $— | — | — | — | $2,706,644 | $— | $53,641 | Verified |
| 2023 | $— | — | — | — | $2,706,644 | $— | $48,970 | Verified |
| 2022 | $— | — | — | — | $2,435,980 | $— | $48,109 | Verified |
| 2021 | $1,353,322 | — | — | — | $1,353,322 | $— | $29,457 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -41.2% | -41.2% | ~100% | Not available | Partial |
| 2025 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +11.1% | +11.1% | ~100% | 1.8100% | Verified |
| 2022 | +80.0% ! | +80.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +88.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -41.2% | +23.9% | +33.7% | +88.9% | 2025 | -41.2% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 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 |
$52,314 | $40,886 | ~$81,878 | $52,314 | 2025 | $29,457 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,996,810 | ~$2,996,810 | ~2.0139% | ~$60,354 | +17.2% |
| 2027 | ~$3,513,264 | ~$3,513,264 | ~1.9814% | ~$69,611 | +37.4% |
| 2028 | ~$4,118,721 | ~$4,118,721 | ~1.9488% | ~$80,267 | +61.1% |
| 2029 | ~$4,828,520 | ~$4,828,520 | ~1.9163% | ~$92,528 | +88.9% |
| 2030 | ~$5,660,641 | ~$5,660,641 | ~1.8837% | ~$106,632 | +121.4% |
| 2026 | ~$2,945,684 | ~$2,945,684 | ~2.0465% | ~$60,283 | +15.2% |
| 2027 | ~$3,394,414 | ~$3,394,414 | ~2.0465% | ~$69,466 | +32.8% |
| 2028 | ~$3,911,501 | ~$3,911,501 | ~2.0465% | ~$80,048 | +53.0% |
| 2029 | ~$4,507,358 | ~$4,507,358 | ~2.0465% | ~$92,242 | +76.3% |
| 2030 | ~$5,193,985 | ~$5,193,985 | ~2.0465% | ~$106,294 | +103.2% |
| 2026 | ~$3,047,935 | ~$3,047,935 | ~1.9977% | ~$60,887 | +19.2% |
| 2027 | ~$3,634,159 | ~$3,634,159 | ~1.9488% | ~$70,824 | +42.2% |
| 2028 | ~$4,333,134 | ~$4,333,134 | ~1.9000% | ~$82,330 | +69.5% |
| 2029 | ~$5,166,545 | ~$5,166,545 | ~1.8512% | ~$95,643 | +102.1% |
| 2030 | ~$6,160,251 | ~$6,160,251 | ~1.8024% | ~$111,031 | +141.0% |
In 2025, this property's market value of $2,556,275 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 30× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $2,556,275 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $1,353,322 | $6,000 | $14,480 | $80,000 | ↑ Top 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.