PALM WAY TX 78759
| Owner | AUSTIN HOTEL ASSOCIATES LLC |
|---|---|
| Parcel ID | 0256081206 |
| Short ID | 852672 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | 45,861 SF |
| Land SF | 8,700 SF |
| Acres | 0.200 |
| Year Built | — |
| Legal | UNT HOTEL PARKING UNIT DOMAIN RETAIL DISTRICT I BLOCK W CONDOMINIUM PLUS 5.84 % INT IN COM AREA |
| Neighborhood | 35NO2 |
| Land | $174 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $174 |
| Improvement | $1,910 |
|---|---|
| Total Improvement | $1,910 |
| Market | $2,084 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,084 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,084 |
| Taxable Value | $2,084 |
|---|
Appreciation: Market value has fallen -99.9% from $1,480,605 (2021) to $2,084 (2025), a CAGR of -80.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $43. 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 8% of market value ($174 land vs $1,910 improvements), about $0/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $2,084, 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 -80.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1 by 2030, with an estimated annual tax burden around $0. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 45,861 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% | $19.28 | $19.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10.92 | $10.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7.83 | $7.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2.46 | $2.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2.15 | $2.15 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $42.64 | $42.64 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,084 | $2,084 | +0.0% |
| Assessed Value | $2,084 | $2,084 | +0.0% |
| Land Value | $174 | $174 | +0.0% |
| Improvement Value | $1,910 | $1,910 | +0.0% |
| Taxable Value | $2,084 | $2,084 | +0.0% |
| Total Tax 2026 = estimate |
~$43
Estimated
|
~$43
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,084 | $2,084 | +0 (+0.0%) |
| Taxable Value | $2,084 | $2,084 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,084 | $174 | $1,910 | — | $2,084 | $2,084 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,084 | $174 | $1,910 | — | $2,084 | $2,084 | ~$43 | Partial |
| 2024 | $2,084 | — | — | −$1,910 | $174 | $— | $41 | Verified |
| 2023 | $2,084 | — | — | −$1,910 | $174 | $— | $38 | Verified |
| 2022 | $2,084 | — | — | −$1,910 | $174 | $— | $41 | Verified |
| 2021 | $1,480,605 | — | — | −$1,480,431 | $174 | $— | $45 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2021 | base year | — | ~100% | 0.0000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -20.0% | -77.7% | +0.0% | 2023 | -99.9% | 2022 |
| Assessment Ratio | 100.0% | 37.5% | — | 100.0% | 2025 | 0.0% | 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 |
$43 | $42 | ~$2 | $45 | 2021 | $38 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$404 | ~$404 | ~2.0139% | ~$8 | -80.6% |
| 2027 | ~$78 | ~$78 | ~1.9814% | ~$2 | -96.3% |
| 2028 | ~$15 | ~$15 | ~1.9488% | ~$0 | -99.3% |
| 2029 | ~$3 | ~$3 | ~1.9163% | ~$0 | -99.9% |
| 2030 | ~$1 | ~$1 | ~1.8837% | ~$0 | -100.0% |
| 2026 | ~$1,980 | ~$1,980 | ~2.0465% | ~$41 | -5.0% |
| 2027 | ~$1,881 | ~$1,881 | ~2.0465% | ~$38 | -9.7% |
| 2028 | ~$1,787 | ~$1,787 | ~2.0465% | ~$37 | -14.3% |
| 2029 | ~$1,697 | ~$1,697 | ~2.0465% | ~$35 | -18.6% |
| 2030 | ~$1,613 | ~$1,613 | ~2.0465% | ~$33 | -22.6% |
| 2026 | ~$445 | ~$445 | ~1.9977% | ~$9 | -78.6% |
| 2027 | ~$95 | ~$95 | ~1.9488% | ~$2 | -95.4% |
| 2028 | ~$20 | ~$20 | ~1.9000% | ~$0 | -99.0% |
| 2029 | ~$4 | ~$4 | ~1.8512% | ~$0 | -99.8% |
| 2030 | ~$1 | ~$1 | ~1.8024% | ~$0 | -100.0% |
In 2025, this property's market value of $2,084 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -100% 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 | $2,084 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $2,084 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $2,084 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $2,084 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $1,480,605 | $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.