2003 RUTLAND DR TX 78758
| Owner | WORKSPACE RUTLAND DRIVE LLC |
|---|---|
| Parcel ID | 0245110202 |
| Short ID | 251519 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 23,270 SF |
| Land SF | 106,286 SF |
| Acres | 2.440 |
| Year Built | 1969 |
| Legal | LOT 2 RUTLAND DRIVE SUBD |
| Neighborhood | 60NOR |
| Land | $4,251,440 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,251,440 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $3,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,000,000 |
| Taxable Value | $3,000,000 |
|---|
Appreciation: Market value has risen +13.1% from $2,651,833 (2021) to $3,000,000 (2025), a CAGR of 3.1% over 4 years. Growth has been relatively flat for this asset class. 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 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 $61,395. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 142% of market value ($4,251,440 land vs $0 improvements), about $40/SF of land. With value concentrated in the land under a ~57-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 $3,000,000, 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 +3.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,500,178 by 2030, with an estimated annual tax burden around $65,934. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 30,350 SF | ✗ |
| 1ST | 1st Floor | 23,270 SF | ✓ |
| 881 | COMMCL FINISHOUT | 6,950 SF | ✓ |
| 328 | MEZZ COMM (STG) | 3,846 SF | ✓ |
| MEZZ | Mezzanine | 2,030 SF | ✓ |
| 288 | SHED SF | 1,200 SF | ✓ |
| 611 | TERRACE | 900 SF | ✗ |
| 407 | LOADING DOCK | 870 SF | ✓ |
| 541 | FENCE COMM LF | 400 SF | ✗ |
| 501 | CANOPY | 305 SF | ✗ |
| 327 | STORAGE COMM'L | 200 SF | ✓ |
| SO | Sketch Only | 85 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% | $27,756.00 | $27,756.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,720.51 | $15,720.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,275.35 | $11,275.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,540.69 | $3,540.69 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,102.00 | $3,102.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $61,394.55 | $61,394.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,000,000 | $3,000,000 | +0.0% |
| Assessed Value | $3,000,000 | $3,000,000 | +0.0% |
| Land Value | $4,251,440 | $4,251,440 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $3,000,000 | $3,000,000 | +0.0% |
| Total Tax 2026 = estimate |
~$61,395
Estimated
|
~$61,395
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,466,500 | $3,000,000 | -1,466,500 (-32.8%) |
| Taxable Value | $3,600,000 | $3,000,000 | -600,000 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,000,000 | $4,251,440 | — | — | $3,000,000 | $3,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,000,000 | $4,251,440 | — | — | $3,000,000 | $3,000,000 | ~$61,395 | Partial |
| 2024 | $3,000,000 | — | — | — | $3,000,000 | $— | $59,454 | Verified |
| 2023 | $3,269,687 | — | — | −$269,687 | $3,000,000 | $— | $54,277 | Verified |
| 2022 | $2,752,517 | — | — | −$1,158,227 | $1,594,290 | $— | $64,574 | Verified |
| 2021 | $2,651,833 | — | — | −$1,057,543 | $1,594,290 | $— | $59,913 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +48.9% | +20.0% | 80.6% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | -8.2% | -8.2% | ~100% | 1.8100% | Verified |
| 2022 | +18.8% | +18.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +2.9% | +3.1% | +18.8% | 2023 | -8.2% | 2024 |
| Assessment Ratio | 100.0% | 85.0% | — | 100.0% | 2024 | 57.9% | 2022 |
| 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 |
$61,395 | $59,923 | ~$64,127 | $64,574 | 2022 | $54,277 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,093,962 | ~$3,093,962 | ~2.0139% | ~$62,310 | +3.1% |
| 2027 | ~$3,190,868 | ~$3,190,868 | ~1.9814% | ~$63,223 | +6.4% |
| 2028 | ~$3,290,808 | ~$3,290,808 | ~1.9488% | ~$64,133 | +9.7% |
| 2029 | ~$3,393,879 | ~$3,393,879 | ~1.9163% | ~$65,037 | +13.1% |
| 2030 | ~$3,500,178 | ~$3,500,178 | ~1.8837% | ~$65,934 | +16.7% |
| 2026 | ~$3,033,962 | ~$3,033,962 | ~2.0465% | ~$62,090 | +1.1% |
| 2027 | ~$3,068,309 | ~$3,068,309 | ~2.0465% | ~$62,792 | +2.3% |
| 2028 | ~$3,103,045 | ~$3,103,045 | ~2.0465% | ~$63,503 | +3.4% |
| 2029 | ~$3,138,174 | ~$3,138,174 | ~2.0465% | ~$64,222 | +4.6% |
| 2030 | ~$3,173,700 | ~$3,173,700 | ~2.0465% | ~$64,949 | +5.8% |
| 2026 | ~$3,153,962 | ~$3,153,962 | ~1.9977% | ~$63,006 | +5.1% |
| 2027 | ~$3,315,826 | ~$3,315,826 | ~1.9488% | ~$64,620 | +10.5% |
| 2028 | ~$3,485,997 | ~$3,485,997 | ~1.9000% | ~$66,235 | +16.2% |
| 2029 | ~$3,664,901 | ~$3,664,901 | ~1.8512% | ~$67,844 | +22.2% |
| 2030 | ~$3,852,987 | ~$3,852,987 | ~1.8024% | ~$69,445 | +28.4% |
In 2025, this property's market value of $3,000,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +112% 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 | $3,000,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $3,269,687 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,752,517 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,651,833 | $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.