N LAMAR BLVD TX
| Owner | SCI FUNERAL SERVICES INC |
|---|---|
| Parcel ID | 0229080116 |
| Short ID | 230010 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,168 SF |
| Land SF | 18,455 SF |
| Acres | 0.424 |
| Year Built | 1985 |
| Legal | LOT 3 COOK-WALDEN ADDN |
| Neighborhood | 53NOR |
| Land | $1,845,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,845,500 |
| Improvement | $754,500 |
|---|---|
| Total Improvement | $754,500 |
| Market | $2,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,600,000 |
| Taxable Value | $2,600,000 |
|---|
Appreciation: Market value has risen +61.7% from $1,607,500 (2021) to $2,600,000 (2025), a CAGR of 12.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 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 $53,209. 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 71% of market value ($1,845,500 land vs $754,500 improvements), about $100/SF of land. With value concentrated in the land under a ~41-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 $2,600,000, 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 +12.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,742,434 by 2030, with an estimated annual tax burden around $78,878. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 6,432 SF | ✓ |
| 487 | PARKING UNDER | 4,492 SF | ✓ |
| 551 | PAVED AREA | 2,400 SF | ✗ |
| 1ST | 1st Floor | 1,736 SF | ✓ |
| 581C | STORAGE ATT COMM | 204 SF | ✓ |
| 541 | FENCE COMM LF | 53 SF | ✗ |
| 501 | CANOPY | 32 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% | $24,055.20 | $24,055.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,624.44 | $13,624.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,771.97 | $9,771.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,068.60 | $3,068.60 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,688.40 | $2,688.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $53,208.61 | $53,208.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,650,000 | $2,600,000 | +1.9% |
| Assessed Value | $2,650,000 | $2,600,000 | +1.9% |
| Land Value | $1,845,500 | $1,845,500 | +0.0% |
| Improvement Value | $804,500 | $754,500 | +6.6% |
| Taxable Value | $2,650,000 | $2,600,000 | +1.9% |
| Total Tax 2026 = estimate |
~$54,232
Estimated
|
~$53,209
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,217,488 | $2,650,000 | -567,488 (-17.6%) |
| Taxable Value | $3,120,000 | $2,650,000 | -470,000 (-15.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,650,000 | $1,845,500 | $804,500 | — | $2,650,000 | $2,650,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,600,000 | $1,845,500 | $754,500 | — | $2,600,000 | $2,600,000 | ~$53,209 | Partial |
| 2024 | $2,793,700 | — | — | −$948,200 | $1,845,500 | $— | $49,545 | Verified |
| 2023 | $1,800,000 | — | — | — | $1,845,500 ! | $— | $50,545 | Verified |
| 2022 | $1,776,496 | — | — | −$853,746 | $922,750 | $— | $35,549 | Verified |
| 2021 | $1,607,500 | — | — | −$684,750 | $922,750 | $— | $38,669 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +23.7% | +20.0% | 97.0% | Not available | Partial |
| 2025 | +4.0% | +4.0% | ~100% | Not available | Partial |
| 2024 | -10.5% | -10.5% | ~100% | 1.9800% | Verified |
| 2023 | +55.2% | +55.2% | ~100% | 1.8100% | Verified |
| 2022 | +1.3% | +1.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +46.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.9% | +12.4% | +12.3% | +55.2% | 2024 | -6.9% | 2025 |
| Assessment Ratio | 100.0% | 79.6% | — | 102.5% | 2023 | 51.9% | 2022 |
| 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 |
$53,209 | $45,503 | ~$67,840 | $53,209 | 2025 | $35,549 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,932,101 | ~$2,860,000 | ~2.0139% | ~$57,599 | +12.8% |
| 2027 | ~$3,306,622 | ~$3,146,000 | ~1.9814% | ~$62,334 | +27.2% |
| 2028 | ~$3,728,981 | ~$3,460,600 | ~1.9488% | ~$67,442 | +43.4% |
| 2029 | ~$4,205,288 | ~$3,806,660 | ~1.9163% | ~$72,947 | +61.7% |
| 2030 | ~$4,742,434 | ~$4,187,326 | ~1.8837% | ~$78,878 | +82.4% |
| 2026 | ~$2,880,101 | ~$2,860,000 | ~2.0465% | ~$58,529 | +10.8% |
| 2027 | ~$3,190,378 | ~$3,146,000 | ~2.0465% | ~$64,382 | +22.7% |
| 2028 | ~$3,534,081 | ~$3,460,600 | ~2.0465% | ~$70,821 | +35.9% |
| 2029 | ~$3,914,812 | ~$3,806,660 | ~2.0465% | ~$77,903 | +50.6% |
| 2030 | ~$4,336,559 | ~$4,187,326 | ~2.0465% | ~$85,693 | +66.8% |
| 2026 | ~$2,984,101 | ~$2,860,000 | ~1.9977% | ~$57,133 | +14.8% |
| 2027 | ~$3,424,946 | ~$3,146,000 | ~1.9488% | ~$61,310 | +31.7% |
| 2028 | ~$3,930,917 | ~$3,460,600 | ~1.9000% | ~$65,752 | +51.2% |
| 2029 | ~$4,511,636 | ~$3,806,660 | ~1.8512% | ~$70,469 | +73.5% |
| 2030 | ~$5,178,146 | ~$4,187,326 | ~1.8024% | ~$75,471 | +99.2% |
In 2025, this property's market value of $2,600,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +83% 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 | $2,600,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,793,700 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,800,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,776,496 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,607,500 | $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.