505 E HUNTLAND DR TX 78752
| Owner | SEAMLESS CENTENNIAL LTD |
|---|---|
| Parcel ID | 0230130602 |
| Short ID | 231476 |
| Type | Real |
| Use Code | 50 Office Hi-Rise (≥6 Stories) |
| Valuation | Income |
| Improvement SF | 88,359 SF |
| Land SF | 217,800 SF |
| Acres | 5.000 |
| Year Built | 1984 |
| Legal | LOT 6C RESUB OF LOT 6 AUSTIN MALL |
| Neighborhood | 50NEA |
| Land | $4,356,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,356,000 |
| Improvement | $19,273,456 |
|---|---|
| Total Improvement | $19,273,456 |
| Market | $23,629,456 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $23,629,456 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $23,629,456 |
| Taxable Value | $23,629,456 |
|---|
Appreciation: Market value has fallen -27.1% from $32,400,000 (2021) to $23,629,456 (2025), a CAGR of -7.6% 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 $483,573. 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 18% of market value ($4,356,000 land vs $19,273,456 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~42 yrs), and rent roll drive the underwriting.
Submarket Position: At $23,629,456, this parcel sits in the top quartile (≥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 -7.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $15,925,373 by 2030, with an estimated annual tax burden around $299,993. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 159,972 SF | ✗ |
| 187 | PARKING GARAGE | 103,788 SF | ✓ |
| 551 | PAVED AREA | 57,600 SF | ✗ |
| 1ST | 1st Floor | 31,021 SF | ✓ |
| 2ND | 2nd Floor | 28,669 SF | ✓ |
| 3RD | 3rd Floor | 28,669 SF | ✓ |
| 4TH | 4th Floor | 28,669 SF | ✓ |
| 5TH | 5th Floor | 21,472 SF | ✓ |
| ADDL | Additional Floor | 21,472 SF | ✓ |
| 501 | CANOPY | 3,579 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% | $209,095.20 | $209,095.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $118,427.84 | $118,427.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $84,940.97 | $84,940.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $26,673.20 | $26,673.20 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $23,368.40 | $23,368.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $462,505.61 | $462,505.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $23,062,381 | $23,629,456 | -2.4% |
| Assessed Value | $23,062,381 | $23,629,456 | -2.4% |
| Land Value | $4,356,000 | $4,356,000 | +0.0% |
| Improvement Value | $18,706,381 | $19,273,456 | -2.9% |
| Taxable Value | $23,006,794 | $23,629,456 | -2.6% |
| Total Tax 2026 = estimate |
~$470,831
Estimated
|
~$462,506
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $23,062,381 | $23,062,381 | +0 (+0.0%) |
| Taxable Value | $23,006,794 | $23,006,794 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $23,062,381 | $4,356,000 | $18,706,381 | — | $23,062,381 | $23,006,794 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $23,629,456 | $4,356,000 | $19,273,456 | — | $23,629,456 | $23,629,456 | ~$462,506 | Partial |
| 2024 | $30,760,021 | — | — | −$26,404,021 | $4,356,000 | $— | $534,178 | Verified |
| 2023 | $34,100,000 | — | — | −$29,744,000 | $4,356,000 | $— | $556,525 | Verified |
| 2022 | $32,000,000 | — | — | −$27,644,000 | $4,356,000 | $— | $673,449 | Verified |
| 2021 | $32,400,000 | — | — | −$28,044,000 | $4,356,000 | $— | $696,537 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.4% | -2.4% | ~100% | Not available | Partial |
| 2025 | -16.9% | -16.9% | ~100% | Not available | Partial |
| 2024 | -7.6% | -7.6% | ~100% | 1.8800% | Verified |
| 2023 | -9.8% | -9.8% | ~100% | 1.8100% | Verified |
| 2022 | +6.6% | +6.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -26.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.4% | -6.0% | -7.1% | +6.6% | 2023 | -23.2% | 2025 |
| Assessment Ratio | 100.0% | 42.3% | — | 100.0% | 2025 | 12.8% | 2023 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$462,506 | $584,639 | ~$366,651 | $696,537 | 2021 | $462,506 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$21,836,393 | ~$21,836,393 | ~2.0139% | ~$439,771 | -7.6% |
| 2027 | ~$20,179,392 | ~$20,179,392 | ~1.9814% | ~$399,832 | -14.6% |
| 2028 | ~$18,648,129 | ~$18,648,129 | ~1.9488% | ~$363,422 | -21.1% |
| 2029 | ~$17,233,061 | ~$17,233,061 | ~1.9163% | ~$330,236 | -27.1% |
| 2030 | ~$15,925,373 | ~$15,925,373 | ~1.8837% | ~$299,993 | -32.6% |
| 2026 | ~$22,447,983 | ~$22,447,983 | ~2.0465% | ~$459,395 | -5.0% |
| 2027 | ~$21,325,584 | ~$21,325,584 | ~2.0465% | ~$436,425 | -9.8% |
| 2028 | ~$20,259,305 | ~$20,259,305 | ~2.0465% | ~$414,604 | -14.3% |
| 2029 | ~$19,246,340 | ~$19,246,340 | ~2.0465% | ~$393,873 | -18.5% |
| 2030 | ~$18,284,023 | ~$18,284,023 | ~2.0465% | ~$374,180 | -22.6% |
| 2026 | ~$22,308,982 | ~$22,308,982 | ~1.9977% | ~$445,658 | -5.6% |
| 2027 | ~$21,062,300 | ~$21,062,300 | ~1.9488% | ~$410,470 | -10.9% |
| 2028 | ~$19,885,285 | ~$19,885,285 | ~1.9000% | ~$377,824 | -15.8% |
| 2029 | ~$18,774,045 | ~$18,774,045 | ~1.8512% | ~$347,544 | -20.5% |
| 2030 | ~$17,724,904 | ~$17,724,904 | ~1.8024% | ~$319,469 | -25.0% |
In 2025, this property's market value of $23,629,456 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 17× 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 | $23,629,456 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $30,760,021 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $34,100,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $32,000,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $32,400,000 | $517,750 | $1,142,600 | $2,780,453 | ↑ 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.