608 MORROW ST TX 78752
| Owner | MORROW BUILDING LLC |
|---|---|
| Parcel ID | 0234110807 |
| Short ID | 236461 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 11,001 SF |
| Land SF | 20,764 SF |
| Acres | 0.477 |
| Year Built | 1980 |
| Legal | LOT A AMENDED TEXANA ADDN |
| Neighborhood | 52NOR |
| Land | $529,482 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $529,482 |
| Improvement | $1,138,066 |
|---|---|
| Total Improvement | $1,138,066 |
| Market | $1,667,548 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,667,548 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,667,548 |
| Taxable Value | $1,667,548 |
|---|
Appreciation: Market value has fallen -35.0% from $2,566,933 (2021) to $1,667,548 (2025), a CAGR of -10.2% 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 $34,126. 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 32% of market value ($529,482 land vs $1,138,066 improvements), about $26/SF of land. Most value sits in the improvements, so building condition, age (~46 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,667,548, 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 -10.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $972,541 by 2030, with an estimated annual tax burden around $18,320. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 9,718 SF | ✗ |
| 1ST | 1st Floor | 5,608 SF | ✓ |
| 2ND | 2nd Floor | 5,393 SF | ✓ |
| 611 | TERRACE | 988 SF | ✗ |
| 541 | FENCE COMM LF | 230 SF | ✗ |
| 501 | CANOPY | 112 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% | $15,428.15 | $15,428.15 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,738.24 | $8,738.24 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,267.40 | $6,267.40 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,968.09 | $1,968.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,724.24 | $1,724.24 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $34,126.12 | $34,126.12 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,667,548 | $1,667,548 | +0.0% |
| Assessed Value | $1,667,548 | $1,667,548 | +0.0% |
| Land Value | $529,482 | $529,482 | +0.0% |
| Improvement Value | $1,138,066 | $1,138,066 | +0.0% |
| Taxable Value | $1,667,548 | $1,667,548 | +0.0% |
| Total Tax 2026 = estimate |
~$34,126
Estimated
|
~$34,126
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,005,496 | $1,667,548 | -337,948 (-16.9%) |
| Taxable Value | $2,001,058 | $1,667,548 | -333,510 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,667,548 | $529,482 | $1,138,066 | — | $1,667,548 | $1,667,548 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,667,548 | $529,482 | $1,138,066 | — | $1,667,548 | $1,667,548 | ~$34,126 | Partial |
| 2024 | $2,349,439 | — | — | −$1,819,957 | $529,482 | $— | $42,892 | Verified |
| 2023 | $2,604,703 | — | — | −$2,075,221 | $529,482 | $— | $42,507 | Verified |
| 2022 | $2,526,214 | — | — | −$1,996,732 | $529,482 | $— | $51,441 | Verified |
| 2021 | $2,566,933 | — | — | −$2,037,451 | $529,482 | $— | $54,988 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +20.3% | +20.0% | ~100% | Not available | Partial |
| 2025 | -23.0% | -23.0% | ~100% | Not available | Partial |
| 2024 | -7.9% | -7.9% | ~100% | 1.9800% | Verified |
| 2023 | -9.8% | -9.8% | ~100% | 1.8100% | Verified |
| 2022 | +3.1% | +3.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -34.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -7.5% | -10.2% | +3.1% | 2023 | -29.0% | 2025 |
| Assessment Ratio | 100.0% | 47.4% | — | 100.0% | 2025 | 20.3% | 2023 |
| 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 |
$34,126 | $45,191 | ~$23,875 | $54,988 | 2021 | $34,126 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,497,078 | ~$1,497,078 | ~2.0139% | ~$30,150 | -10.2% |
| 2027 | ~$1,344,034 | ~$1,344,034 | ~1.9814% | ~$26,631 | -19.4% |
| 2028 | ~$1,206,636 | ~$1,206,636 | ~1.9488% | ~$23,515 | -27.6% |
| 2029 | ~$1,083,284 | ~$1,083,284 | ~1.9163% | ~$20,759 | -35.0% |
| 2030 | ~$972,541 | ~$972,541 | ~1.8837% | ~$18,320 | -41.7% |
| 2026 | ~$1,584,171 | ~$1,584,171 | ~2.0465% | ~$32,420 | -5.0% |
| 2027 | ~$1,504,962 | ~$1,504,962 | ~2.0465% | ~$30,799 | -9.8% |
| 2028 | ~$1,429,714 | ~$1,429,714 | ~2.0465% | ~$29,259 | -14.3% |
| 2029 | ~$1,358,228 | ~$1,358,228 | ~2.0465% | ~$27,796 | -18.5% |
| 2030 | ~$1,290,317 | ~$1,290,317 | ~2.0465% | ~$26,406 | -22.6% |
| 2026 | ~$1,530,429 | ~$1,530,429 | ~1.9977% | ~$30,573 | -8.2% |
| 2027 | ~$1,404,584 | ~$1,404,584 | ~1.9488% | ~$27,373 | -15.8% |
| 2028 | ~$1,289,088 | ~$1,289,088 | ~1.9000% | ~$24,493 | -22.7% |
| 2029 | ~$1,183,088 | ~$1,183,088 | ~1.8512% | ~$21,901 | -29.1% |
| 2030 | ~$1,085,805 | ~$1,085,805 | ~1.8024% | ~$19,570 | -34.9% |
In 2025, this property's market value of $1,667,548 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +18% 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 | $1,667,548 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,349,439 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,604,703 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,526,214 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,566,933 | $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.