4515 SETON CENTER PKWY TX 78759
| Owner | VELOCITY RE HOLDINGS LLC |
|---|---|
| Parcel ID | 0256000112 |
| Short ID | 377936 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 117,828 SF |
| Land SF | 339,462 SF |
| Acres | 7.793 |
| Year Built | 1996 |
| Legal | LOT 1-3 BLK A QUARRY SUBD SEC 3 |
| Neighborhood | 51FNW |
| Land | $6,789,240 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,789,240 |
| Improvement | $12,391,698 |
|---|---|
| Total Improvement | $12,391,698 |
| Market | $19,180,938 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $19,180,938 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $19,180,938 |
| Taxable Value | $19,180,938 |
|---|
Appreciation: Market value has fallen -45.2% from $35,000,000 (2021) to $19,180,938 (2025), a CAGR of -14.0% 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 $392,535. 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 35% of market value ($6,789,240 land vs $12,391,698 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~30 yrs), and rent roll drive the underwriting.
Submarket Position: At $19,180,938, 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 -14.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,044,240 by 2030, with an estimated annual tax burden around $170,370. 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 |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 117,828 SF | ✗ |
| 1ST | 1st Floor | 41,012 SF | ✓ |
| 2ND | 2nd Floor | 38,408 SF | ✓ |
| 3RD | 3rd Floor | 38,408 SF | ✓ |
| 187 | PARKING GARAGE | 37,280 SF | ✓ |
| 551 | PAVED AREA | 30,500 SF | ✗ |
| 501 | CANOPY | 1,440 SF | ✗ |
| 482 | LIGHT POLES | 10 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% | $166,536.00 | $166,536.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $94,323.06 | $94,323.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $67,652.10 | $67,652.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $21,244.14 | $21,244.14 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $18,612.00 | $18,612.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $368,367.30 | $368,367.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $22,632,759 | $19,180,938 | +18.0% |
| Assessed Value | $22,632,759 | $19,180,938 | +18.0% |
| Land Value | $6,789,240 | $6,789,240 | +0.0% |
| Improvement Value | $15,843,519 | $12,391,698 | +27.9% |
| Taxable Value | $22,632,759 | $19,180,938 | +18.0% |
| Total Tax 2026 = estimate |
~$463,176
Estimated
|
~$368,367
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $22,632,759 | $22,632,759 | +0 (+0.0%) |
| Taxable Value | $22,632,759 | $22,632,759 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $22,632,759 | $6,789,240 | $15,843,519 | — | $22,632,759 | $22,632,759 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $19,180,938 | $6,789,240 | $12,391,698 | — | $19,180,938 | $19,180,938 | ~$368,367 | Partial |
| 2024 | $30,000,000 | — | — | −$23,210,760 | $6,789,240 | $— | $455,994 | Verified |
| 2023 | $33,200,000 | — | — | −$26,410,760 | $6,789,240 | $— | $544,040 | Verified |
| 2022 | $33,700,000 | — | — | −$26,910,760 | $6,789,240 | $— | $657,040 | Verified |
| 2021 | $35,000,000 | — | — | −$28,210,760 | $6,789,240 | $— | $734,676 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.0% | +18.0% | ~100% | Not available | Partial |
| 2025 | -23.4% | -23.4% | ~100% | Not available | Partial |
| 2024 | -20.0% | -20.0% | ~100% | 1.8200% | Verified |
| 2023 | -9.5% | -9.5% | ~100% | 1.7400% | Verified |
| 2022 | -0.6% | -0.6% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | 2.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -44.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +18.0% | -6.6% | -16.6% | +18.0% | 2026 | -36.1% | 2025 |
| Assessment Ratio | 100.0% | 47.1% | — | 100.0% | 2025 | 19.4% | 2021 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$368,367 | $552,023 | ~$244,722 | $734,676 | 2021 | $368,367 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$16,503,281 | ~$16,503,281 | ~2.0139% | ~$332,366 | -14.0% |
| 2027 | ~$14,199,424 | ~$14,199,424 | ~1.9814% | ~$281,346 | -26.0% |
| 2028 | ~$12,217,186 | ~$12,217,186 | ~1.9488% | ~$238,093 | -36.3% |
| 2029 | ~$10,511,668 | ~$10,511,668 | ~1.9163% | ~$201,434 | -45.2% |
| 2030 | ~$9,044,240 | ~$9,044,240 | ~1.8837% | ~$170,370 | -52.8% |
| 2026 | ~$18,221,891 | ~$18,221,891 | ~2.0465% | ~$372,908 | -5.0% |
| 2027 | ~$17,310,797 | ~$17,310,797 | ~2.0465% | ~$354,263 | -9.7% |
| 2028 | ~$16,445,257 | ~$16,445,257 | ~2.0465% | ~$336,550 | -14.3% |
| 2029 | ~$15,622,994 | ~$15,622,994 | ~2.0465% | ~$319,722 | -18.5% |
| 2030 | ~$14,841,844 | ~$14,841,844 | ~2.0465% | ~$303,736 | -22.6% |
| 2026 | ~$16,886,900 | ~$16,886,900 | ~1.9977% | ~$337,343 | -12.0% |
| 2027 | ~$14,867,228 | ~$14,867,228 | ~1.9488% | ~$289,738 | -22.5% |
| 2028 | ~$13,089,109 | ~$13,089,109 | ~1.9000% | ~$248,695 | -31.8% |
| 2029 | ~$11,523,653 | ~$11,523,653 | ~1.8512% | ~$213,325 | -39.9% |
| 2030 | ~$10,145,425 | ~$10,145,425 | ~1.8024% | ~$182,858 | -47.1% |
In 2025, this property's market value of $19,180,938 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 14× 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 | $19,180,938 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $30,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $33,200,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $33,700,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $35,000,000 | $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.