7808 CLOCK TOWER DR TX 78753
| Owner | ITS AUSTIN LP |
|---|---|
| Parcel ID | 0232160517 |
| Short ID | 727380 |
| Type | Real |
| Use Code | 35 Hotel — Limited Service |
| Valuation | Income |
| Improvement SF | 41,874 SF |
| Land SF | 107,708 SF |
| Acres | 2.473 |
| Year Built | 2019 |
| Legal | LOT 4B NORWOOD PARK REPLAT OF RESUB OF LOT 4 |
| Neighborhood | 35NE1 |
| Land | $1,831,036 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,831,036 |
| Improvement | $5,160,136 |
|---|---|
| Total Improvement | $5,160,136 |
| Market | $6,991,172 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,991,172 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,991,172 |
| Taxable Value | $6,991,172 |
|---|
Appreciation: Market value has risen +11.6% from $6,263,000 (2021) to $6,991,172 (2025), a CAGR of 2.8% over 4 years. Growth has been relatively flat for this asset class. 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 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 $143,073. 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 26% of market value ($1,831,036 land vs $5,160,136 improvements), about $17/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,991,172, 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 +2.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,021,571 by 2030, with an estimated annual tax burden around $151,106. 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 | 52,550 SF | ✗ |
| 1ST | 1st Floor | 13,958 SF | ✓ |
| 2ND | 2nd Floor | 13,958 SF | ✓ |
| 3RD | 3rd Floor | 13,958 SF | ✓ |
| 4TH | 4th Floor | 13,958 SF | ✓ |
| 501 | CANOPY | 114 SF | ✗ |
| 611 | TERRACE | 114 SF | ✗ |
| 482 | LIGHT POLES | 7 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% | $64,682.32 | $64,682.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $36,634.93 | $36,634.93 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $26,275.97 | $26,275.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,251.19 | $8,251.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,228.87 | $7,228.87 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $143,073.28 | $143,073.28 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,039,756 | $6,991,172 | +0.7% |
| Assessed Value | $7,039,756 | $6,991,172 | +0.7% |
| Land Value | $1,831,036 | $1,831,036 | +0.0% |
| Improvement Value | $5,208,720 | $5,160,136 | +0.9% |
| Taxable Value | $7,039,756 | $6,991,172 | +0.7% |
| Total Tax 2026 = estimate |
~$144,068
Estimated
|
~$143,073
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,569,245 | $7,039,756 | -529,489 (-7.0%) |
| Taxable Value | $7,569,245 | $7,039,756 | -529,489 (-7.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,039,756 | $1,831,036 | $5,208,720 | — | $7,039,756 | $7,039,756 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,991,172 | $1,831,036 | $5,160,136 | — | $6,991,172 | $6,991,172 | ~$143,073 | Partial |
| 2024 | $8,958,650 | — | — | −$7,127,614 | $1,831,036 | $— | $168,454 | Verified |
| 2023 | $6,620,000 | — | — | −$4,788,964 | $1,831,036 | $— | $162,084 | Verified |
| 2022 | $5,490,000 | — | — | −$4,116,723 | $1,373,277 | $— | $130,740 | Verified |
| 2021 | $6,263,000 | — | — | −$5,347,482 | $915,518 | $— | $119,500 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.3% | +8.3% | ~100% | Not available | Partial |
| 2025 | -17.8% | -17.8% | ~100% | Not available | Partial |
| 2024 | -5.1% | -5.1% | ~100% | 1.9800% | Verified |
| 2023 | +35.3% | +35.3% | ~100% | 1.8100% | Verified |
| 2022 | +20.6% | +20.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.7% | +4.5% | +2.6% | +35.3% | 2024 | -22.0% | 2025 |
| Assessment Ratio | 100.0% | 47.9% | — | 100.0% | 2025 | 14.6% | 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 |
$143,073 | $144,770 | ~$147,939 | $168,454 | 2024 | $119,500 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,186,077 | ~$7,186,077 | ~2.0139% | ~$144,723 | +2.8% |
| 2027 | ~$7,386,416 | ~$7,386,416 | ~1.9814% | ~$146,354 | +5.7% |
| 2028 | ~$7,592,340 | ~$7,592,340 | ~1.9488% | ~$147,963 | +8.6% |
| 2029 | ~$7,804,005 | ~$7,804,005 | ~1.9163% | ~$149,547 | +11.6% |
| 2030 | ~$8,021,571 | ~$8,021,571 | ~1.8837% | ~$151,106 | +14.7% |
| 2026 | ~$7,046,254 | ~$7,046,254 | ~2.0465% | ~$144,201 | +0.8% |
| 2027 | ~$7,101,770 | ~$7,101,770 | ~2.0465% | ~$145,337 | +1.6% |
| 2028 | ~$7,157,723 | ~$7,157,723 | ~2.0465% | ~$146,482 | +2.4% |
| 2029 | ~$7,214,117 | ~$7,214,117 | ~2.0465% | ~$147,636 | +3.2% |
| 2030 | ~$7,270,955 | ~$7,270,955 | ~2.0465% | ~$148,799 | +4.0% |
| 2026 | ~$7,325,901 | ~$7,325,901 | ~1.9977% | ~$146,347 | +4.8% |
| 2027 | ~$7,676,656 | ~$7,676,656 | ~1.9488% | ~$149,606 | +9.8% |
| 2028 | ~$8,044,205 | ~$8,044,205 | ~1.9000% | ~$152,841 | +15.1% |
| 2029 | ~$8,429,351 | ~$8,429,351 | ~1.8512% | ~$156,044 | +20.6% |
| 2030 | ~$8,832,938 | ~$8,832,938 | ~1.8024% | ~$159,202 | +26.3% |
In 2025, this property's market value of $6,991,172 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $6,991,172 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,958,650 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,620,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $5,490,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,263,000 | $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.