6518 N LAMAR BLVD TX 78752
| Owner | WOMBLE REX CONNIE |
|---|---|
| Parcel ID | 0231090102 |
| Short ID | 232193 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 17,700 SF |
| Land SF | 52,500 SF |
| Acres | 1.205 |
| Year Built | 1950 |
| Legal | 150X350FT ABS 697 SUR 7 SPEAR G W |
| Neighborhood | 83NOR |
| Land | $4,488,750 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,488,750 |
| Improvement | $459,902 |
|---|---|
| Total Improvement | $459,902 |
| Market | $4,948,652 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,948,652 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,948,652 |
| Taxable Value | $4,948,652 |
|---|
Appreciation: Market value has risen +105.3% from $2,410,000 (2021) to $4,948,652 (2025), a CAGR of 19.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $101,273. 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 91% of market value ($4,488,750 land vs $459,902 improvements), about $86/SF of land. With value concentrated in the land under a ~76-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 $4,948,652, 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 +19.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,163,940 by 2030, with an estimated annual tax burden around $150,132. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 17,700 SF | ✓ |
| 551 | PAVED AREA | 9,600 SF | ✗ |
| SO | Sketch Only | 1,440 SF | ✗ |
| 581C | STORAGE ATT COMM | 1,200 SF | ✓ |
| 541 | FENCE COMM LF | 600 SF | ✗ |
| 611 | TERRACE | 77 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% | $45,784.93 | $45,784.93 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $25,931.78 | $25,931.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $18,599.26 | $18,599.26 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,840.55 | $5,840.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,116.91 | $5,116.91 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $101,273.43 | $101,273.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,100,753 | $4,948,652 | +3.1% |
| Assessed Value | $5,100,753 | $4,948,652 | +3.1% |
| Land Value | $4,488,750 | $4,488,750 | +0.0% |
| Improvement Value | $612,003 | $459,902 | +33.1% |
| Taxable Value | $5,100,753 | $4,948,652 | +3.1% |
| Total Tax 2026 = estimate |
~$104,386
Estimated
|
~$101,273
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,100,753 | $5,100,753 | +0 (+0.0%) |
| Taxable Value | $5,100,753 | $5,100,753 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,100,753 | $4,488,750 | $612,003 | — | $5,100,753 | $5,100,753 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,948,652 | $4,488,750 | $459,902 | — | $4,948,652 | $4,948,652 | ~$101,273 | Partial |
| 2024 | $4,948,652 | — | — | −$459,902 | $4,488,750 | $— | $98,073 | Verified |
| 2023 | $4,299,064 | — | — | — | $4,488,750 ! | $— | $89,533 | Verified |
| 2022 | $2,513,257 | — | — | — | $3,740,625 ! | $— | $84,903 | Verified |
| 2021 | $2,410,000 | — | — | −$165,625 | $2,244,375 | $— | $54,706 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.1% | +3.1% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +15.1% | +15.1% | ~100% | 1.8100% | Verified |
| 2022 | +71.1% | +71.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +96.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.1% | +18.7% | +19.0% | +71.1% | 2023 | +0.0% | 2025 |
| Assessment Ratio | 100.0% | 106.2% | — | 148.8% | 2022 | 90.7% | 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 |
$101,273 | $85,698 | ~$129,122 | $101,273 | 2025 | $54,706 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,923,854 | ~$5,443,517 | ~2.0139% | ~$109,629 | +19.7% |
| 2027 | ~$7,091,235 | ~$5,987,869 | ~1.9814% | ~$118,643 | +43.3% |
| 2028 | ~$8,488,664 | ~$6,586,656 | ~1.9488% | ~$128,363 | +71.5% |
| 2029 | ~$10,161,476 | ~$7,245,321 | ~1.9163% | ~$138,841 | +105.3% |
| 2030 | ~$12,163,940 | ~$7,969,854 | ~1.8837% | ~$150,132 | +145.8% |
| 2026 | ~$5,824,881 | ~$5,443,517 | ~2.0465% | ~$111,401 | +17.7% |
| 2027 | ~$6,856,260 | ~$5,987,869 | ~2.0465% | ~$122,541 | +38.5% |
| 2028 | ~$8,070,258 | ~$6,586,656 | ~2.0465% | ~$134,795 | +63.1% |
| 2029 | ~$9,499,213 | ~$7,245,321 | ~2.0465% | ~$148,274 | +92.0% |
| 2030 | ~$11,181,184 | ~$7,969,854 | ~2.0465% | ~$163,102 | +125.9% |
| 2026 | ~$6,022,828 | ~$5,443,517 | ~1.9977% | ~$108,743 | +21.7% |
| 2027 | ~$7,330,168 | ~$5,987,869 | ~1.9488% | ~$116,694 | +48.1% |
| 2028 | ~$8,921,286 | ~$6,586,656 | ~1.9000% | ~$125,148 | +80.3% |
| 2029 | ~$10,857,778 | ~$7,245,321 | ~1.8512% | ~$134,125 | +119.4% |
| 2030 | ~$13,214,614 | ~$7,969,854 | ~1.8024% | ~$143,646 | +167.0% |
In 2025, this property's market value of $4,948,652 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,948,652 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,948,652 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,299,064 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $2,513,257 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,410,000 | $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.