2200 PARK BEND DR 103-2 TX 78758
| Owner | NEUROSCIENCE GROUP LLC |
|---|---|
| Parcel ID | 0258130304 |
| Short ID | 702799 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 5,380 SF |
| Land SF | 16,744 SF |
| Acres | 0.384 |
| Year Built | 2004 |
| Legal | UNT 103-104 BLD 2 POST OAK CENTRE NORTH OFFICE CONDOMINIUMS AMENDED PLUS 7.142 % INT IN COM AREA |
| Neighborhood | 26NOR01 |
| Land | $167,445 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $167,445 |
| Improvement | $954,969 |
|---|---|
| Total Improvement | $954,969 |
| Market | $1,122,414 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,122,414 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,122,414 |
| Taxable Value | $1,122,414 |
|---|
Appreciation: Market value has fallen -33.8% from $1,696,472 (2021) to $1,122,414 (2025), a CAGR of -9.8% 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 $22,970. 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 15% of market value ($167,445 land vs $954,969 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~22 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,122,414, this parcel sits in the lower-middle (25th–50th 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 -9.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $669,747 by 2030, with an estimated annual tax burden around $12,616. 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 | 5,380 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% | $10,384.57 | $10,384.57 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,881.64 | $5,881.64 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,218.54 | $4,218.54 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,324.71 | $1,324.71 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,160.58 | $1,160.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,970.04 | $22,970.04 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,501,035 | $1,122,414 | +33.7% |
| Assessed Value | $1,346,897 | $1,122,414 | +20.0% |
| Land Value | $167,445 | $167,445 | +0.0% |
| Improvement Value | $1,333,590 | $954,969 | +39.6% |
| Taxable Value | $1,346,897 | $1,122,414 | +20.0% |
| HS Cap Loss | -$154,138 | — | |
| Total Tax 2026 = estimate |
~$27,564
Estimated
|
~$22,970
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,649,489 | $1,501,035 | -148,454 (-9.0%) |
| Taxable Value | $1,346,897 | $1,346,897 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,501,035 | $167,445 | $1,333,590 | −$154,138 | $1,346,897 | $1,346,897 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,122,414 | $167,445 | $954,969 | — | $1,122,414 | $1,122,414 | ~$22,970 | Partial |
| 2024 | $1,813,000 | — | — | −$1,645,555 | $167,445 | $— | $37,871 | Verified |
| 2023 | $1,501,867 | — | — | −$1,334,422 | $167,445 | $— | $32,802 | Verified |
| 2022 | $1,953,007 | — | — | −$1,785,562 | $167,445 | $— | $29,661 | Verified |
| 2021 | $1,696,472 | — | — | −$1,529,027 | $167,445 | $— | $42,511 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +47.0% | +20.0% | 81.7% | Not available | Partial |
| 2025 | -41.3% | -41.3% | ~100% | Not available | Partial |
| 2024 | -0.8% | -0.8% | ~100% | 1.9800% | Verified |
| 2023 | +28.2% | +28.2% | ~100% | 1.7000% | Verified |
| 2022 | -25.6% | -25.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -44.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +33.7% | +1.7% | -14.4% | +33.7% | 2026 | -38.1% | 2025 |
| Assessment Ratio | 89.7% | 38.1% | — | 100.0% | 2025 | 8.6% | 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 |
$22,970 | $33,163 | ~$16,274 | $42,511 | 2021 | $22,970 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,012,289 | ~$1,012,289 | ~2.0139% | ~$20,387 | -9.8% |
| 2027 | ~$912,969 | ~$912,969 | ~1.9814% | ~$18,089 | -18.7% |
| 2028 | ~$823,394 | ~$823,394 | ~1.9488% | ~$16,047 | -26.6% |
| 2029 | ~$742,608 | ~$742,608 | ~1.9163% | ~$14,231 | -33.8% |
| 2030 | ~$669,747 | ~$669,747 | ~1.8837% | ~$12,616 | -40.3% |
| 2026 | ~$1,066,293 | ~$1,066,293 | ~2.0465% | ~$21,822 | -5.0% |
| 2027 | ~$1,012,979 | ~$1,012,979 | ~2.0465% | ~$20,730 | -9.7% |
| 2028 | ~$962,330 | ~$962,330 | ~2.0465% | ~$19,694 | -14.3% |
| 2029 | ~$914,213 | ~$914,213 | ~2.0465% | ~$18,709 | -18.5% |
| 2030 | ~$868,503 | ~$868,503 | ~2.0465% | ~$17,774 | -22.6% |
| 2026 | ~$1,034,738 | ~$1,034,738 | ~1.9977% | ~$20,671 | -7.8% |
| 2027 | ~$953,910 | ~$953,910 | ~1.9488% | ~$18,590 | -15.0% |
| 2028 | ~$879,396 | ~$879,396 | ~1.9000% | ~$16,709 | -21.7% |
| 2029 | ~$810,703 | ~$810,703 | ~1.8512% | ~$15,008 | -27.8% |
| 2030 | ~$747,376 | ~$747,376 | ~1.8024% | ~$13,470 | -33.4% |
In 2025, this property's market value of $1,122,414 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -21% 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 | $1,122,414 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,813,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,501,867 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,953,007 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,696,472 | $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.