1705 CENTRE PARK DR TX 78754
| Owner | ACTS FELLOWSHIP CHURCH |
|---|---|
| Parcel ID | 0231230105 |
| Short ID | 232808 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 27,340 SF |
| Land SF | 195,409 SF |
| Acres | 4.486 |
| Year Built | 1983 |
| Legal | LOT 10 BLK B HEADWAY 8 |
| Neighborhood | 52NEA |
| Land | $1,563,272 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,563,272 |
| Improvement | $2,184,692 |
|---|---|
| Total Improvement | $2,184,692 |
| Market | $3,747,964 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,747,964 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,747,964 |
| Taxable Value | $3,747,964 |
|---|
Appreciation: Market value has fallen -24.8% from $4,982,500 (2021) to $3,747,964 (2025), a CAGR of -6.9% 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.
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 42% of market value ($1,563,272 land vs $2,184,692 improvements), about $8/SF of land. Most value sits in the improvements, so building condition, age (~43 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,747,964, 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 -6.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,625,612 by 2030, with an estimated annual tax burden around $0. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 63,500 SF | ✗ |
| 1ST | 1st Floor | 27,340 SF | ✓ |
| 491 | SPRINKLER HEADS | 27,340 SF | ✗ |
| 501 | CANOPY | 3,210 SF | ✗ |
| SO | Sketch Only | 2,863 SF | ✗ |
| 611 | TERRACE | 878 SF | ✗ |
| 581C | STORAGE ATT COMM | 144 SF | ✓ |
| 482 | LIGHT POLES | 9 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,320,290 | $3,747,964 | +15.3% |
| Assessed Value | $4,320,290 | $3,747,964 | +15.3% |
| Land Value | $1,563,272 | $1,563,272 | +0.0% |
| Improvement Value | $2,757,018 | $2,184,692 | +26.2% |
| Taxable Value | — | — | — |
| Exemptions | — | E | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,320,290 | $4,320,290 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,320,290 | $1,563,272 | $2,757,018 | — | $4,320,290 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,747,964 | $1,563,272 | $2,184,692 | — | $3,747,964 | $— | not in county billing file ⓘ | Partial |
| 2024 | $4,902,932 | — | — | −$3,339,660 | $1,563,272 | $— | $59,608 | Verified |
| 2023 | $5,080,192 | — | — | −$3,516,920 | $1,563,272 | $— | $99,816 | Verified |
| 2022 | $4,873,876 | — | — | −$3,310,604 | $1,563,272 | $— | $118,385 | Verified |
| 2021 | $4,982,500 | — | — | −$3,810,046 | $1,172,454 | $— | $120,238 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +15.3% | +15.3% | ~100% | Not available | Partial |
| 2025 | -25.9% | -25.9% | ~100% | Not available | Partial |
| 2024 | +3.2% | +3.2% | ~100% | 1.1800% | Verified |
| 2023 | -3.5% | -3.5% | ~100% | 2.0400% | Verified |
| 2022 | +4.2% | +4.2% | ~100% | 2.3300% | Verified |
| 2021 | base year | — | ~100% | 2.4100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -23.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.3% | -2.0% | -9.3% | +15.3% | 2026 | -23.6% | 2025 |
| Assessment Ratio | 100.0% | 53.1% | — | 100.0% | 2025 | 23.5% | 2021 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $59,608 | $99,512 | — | $120,238 | 2021 | $59,608 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,490,458 | ~$3,490,458 | ~0.0000% | ~$0 | -6.9% |
| 2027 | ~$3,250,644 | ~$3,250,644 | ~0.0000% | ~$0 | -13.3% |
| 2028 | ~$3,027,307 | ~$3,027,307 | ~0.0000% | ~$0 | -19.2% |
| 2029 | ~$2,819,314 | ~$2,819,314 | ~0.0000% | ~$0 | -24.8% |
| 2030 | ~$2,625,612 | ~$2,625,612 | ~0.0000% | ~$0 | -29.9% |
| 2026 | ~$3,560,566 | ~$3,560,566 | ~0.0000% | ~$0 | -5.0% |
| 2027 | ~$3,382,538 | ~$3,382,538 | ~0.0000% | ~$0 | -9.7% |
| 2028 | ~$3,213,411 | ~$3,213,411 | ~0.0000% | ~$0 | -14.3% |
| 2029 | ~$3,052,740 | ~$3,052,740 | ~0.0000% | ~$0 | -18.5% |
| 2030 | ~$2,900,103 | ~$2,900,103 | ~0.0000% | ~$0 | -22.6% |
| 2026 | ~$3,565,417 | ~$3,565,417 | ~0.0000% | ~$0 | -4.9% |
| 2027 | ~$3,391,762 | ~$3,391,762 | ~0.0000% | ~$0 | -9.5% |
| 2028 | ~$3,226,564 | ~$3,226,564 | ~0.0000% | ~$0 | -13.9% |
| 2029 | ~$3,069,413 | ~$3,069,413 | ~0.0000% | ~$0 | -18.1% |
| 2030 | ~$2,919,915 | ~$2,919,915 | ~0.0000% | ~$0 | -22.1% |
In 2025, this property's market value of $3,747,964 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +164% 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 | $3,747,964 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $4,902,932 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,080,192 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,873,876 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,982,500 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |