505 E RUNDBERG LN AUSTIN, TX 78753
| Owner | LOPEZ ORLANDO |
|---|---|
| Parcel ID | 0239190240 |
| Short ID | 243357 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,120 SF |
| Land SF | 27,447 SF |
| Acres | 0.630 |
| Year Built | 1940 |
| Legal | LOT 1-A LESS N 530SQ FT MATOCHA JOE L SUBD & ABS 29 SUR 58 APPLEGATE J ACR 0.0818 |
| Neighborhood | 59NOR |
| Land | $349,951 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $349,951 |
| Improvement | $120,665 |
|---|---|
| Total Improvement | $120,665 |
| Market | $470,616 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $470,616 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $470,616 |
| Taxable Value | $470,616 |
|---|
Appreciation: Market value has risen +4.8% from $449,113 (2021) to $470,616 (2025), a CAGR of 1.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $9,631. 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 74% of market value ($349,951 land vs $120,665 improvements), about $13/SF of land. With value concentrated in the land under a ~86-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 $470,616, this parcel sits in the bottom quartile (<25th 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 +1.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $498,948 by 2030, with an estimated annual tax burden around $9,399. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,276 SF | ✗ |
| 1ST | 1st Floor | 1,120 SF | ✓ |
| 571C | STORAGE DET COMM | 288 SF | ✓ |
| 541 | FENCE COMM LF | 90 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 40 SF | ✗ |
| 513C | DECK COVERD COMM | 40 SF | ✗ |
| 251 | BATHROOM | 1 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% | $4,354.14 | $4,354.14 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,466.11 | $2,466.11 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,768.79 | $1,768.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $555.44 | $555.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $486.62 | $486.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,631.10 | $9,631.10 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $622,071 | $470,616 | +32.2% |
| Assessed Value | $564,739 | $470,616 | +20.0% |
| Land Value | $349,951 | $349,951 | +0.0% |
| Improvement Value | $272,120 | $120,665 | +125.5% |
| Taxable Value | $564,739 | $470,616 | +20.0% |
| HS Cap Loss | -$57,332 | — | |
| Total Tax 2026 = estimate |
~$11,557
Estimated
|
~$9,631
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $622,071 | $622,071 | +0 (+0.0%) |
| Taxable Value | $564,739 | $564,739 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $622,071 | $349,951 | $272,120 | −$57,332 | $564,739 | $564,739 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $470,616 | $349,951 | $120,665 | — | $470,616 | $470,616 | ~$9,631 | Partial |
| 2024 | $473,842 | — | — | −$123,891 | $349,951 | $— | $9,784 | Verified |
| 2023 | $502,643 | — | — | −$152,692 | $349,951 | $— | $8,573 | Verified |
| 2022 | $459,963 | — | — | −$110,012 | $349,951 | $— | $9,927 | Verified |
| 2021 | $449,113 | — | — | −$99,162 | $349,951 | $— | $10,012 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +32.2% | +20.0% | 90.8% | Not available | Partial |
| 2025 | -4.7% | -4.7% | ~100% | Not available | Partial |
| 2024 | +4.2% | +4.2% | ~100% | 1.9800% | Verified |
| 2023 | -5.7% | -5.7% | ~100% | 1.8100% | Verified |
| 2022 | +9.3% | +9.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +32.2% | +7.5% | -3.8% | +32.2% | 2026 | -5.7% | 2024 |
| Assessment Ratio | 90.8% | 81.4% | — | 100.0% | 2025 | 69.6% | 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 |
$9,631 | $9,585 | ~$9,496 | $10,012 | 2021 | $8,573 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$476,151 | ~$476,151 | ~2.0139% | ~$9,589 | +1.2% |
| 2027 | ~$481,751 | ~$481,751 | ~1.9814% | ~$9,545 | +2.4% |
| 2028 | ~$487,416 | ~$487,416 | ~1.9488% | ~$9,499 | +3.6% |
| 2029 | ~$493,149 | ~$493,149 | ~1.9163% | ~$9,450 | +4.8% |
| 2030 | ~$498,948 | ~$498,948 | ~1.8837% | ~$9,399 | +6.0% |
| 2026 | ~$466,738 | ~$466,738 | ~2.0465% | ~$9,552 | -0.8% |
| 2027 | ~$462,893 | ~$462,893 | ~2.0465% | ~$9,473 | -1.6% |
| 2028 | ~$459,079 | ~$459,079 | ~2.0465% | ~$9,395 | -2.5% |
| 2029 | ~$455,296 | ~$455,296 | ~2.0465% | ~$9,318 | -3.3% |
| 2030 | ~$451,545 | ~$451,545 | ~2.0465% | ~$9,241 | -4.1% |
| 2026 | ~$485,563 | ~$485,563 | ~1.9977% | ~$9,700 | +3.2% |
| 2027 | ~$500,985 | ~$500,985 | ~1.9488% | ~$9,763 | +6.5% |
| 2028 | ~$516,896 | ~$516,896 | ~1.9000% | ~$9,821 | +9.8% |
| 2029 | ~$533,313 | ~$533,313 | ~1.8512% | ~$9,873 | +13.3% |
| 2030 | ~$550,252 | ~$550,252 | ~1.8024% | ~$9,918 | +16.9% |
In 2025, this property's market value of $470,616 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -67% below 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 | $470,616 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $473,842 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $502,643 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $459,963 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $449,113 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.