1623 W PARMER LN TX
| Owner | TM EVENT CENTER PARMER LLC |
|---|---|
| Parcel ID | 0260180406 |
| Short ID | 264779 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,934 SF |
| Land SF | 35,937 SF |
| Acres | 0.825 |
| Year Built | 1960 |
| Legal | LOT 1 BLK A VILLAGE AT RIVER OAKS SEC 6 |
| Neighborhood | 59NOR |
| Land | $539,055 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $539,055 |
| Improvement | $437,529 |
|---|---|
| Total Improvement | $437,529 |
| Market | $976,584 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $976,584 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $976,584 |
| Taxable Value | $976,584 |
|---|
| Total Due | $34,030.47 |
|---|---|
| First Delinquent | 2024 |
Appreciation: Market value has risen +8.2% from $902,621 (2021) to $976,584 (2025), a CAGR of 2.0% 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 $19,986. 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 55% of market value ($539,055 land vs $437,529 improvements), about $15/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $976,584, 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 +2.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,077,618 by 2030, with an estimated annual tax burden around $20,300. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $34,030.47 in unpaid taxes since 2024. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,934 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,934 SF | ✗ |
| 031C | GARAGE DET 1ST COMM | 720 SF | ✓ |
| 612C | TERRACE UNCOVERD COMM | 650 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 440 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 522C | FIREPLACE COMM | 1 SF | ✓ |
| 531 | OBS FENCE | 1 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +453 |
| Travis County | 0.3444% | 0.3758% | +307 |
| Austin ISD | 0.9505% | 0.9252% | -247 |
| Travis Central Health | 0.1080% | 0.1180% | +98 |
| Austin Community College | 0.1013% | 0.1034% | +21 |
Market value changed by 106% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $9,035.36 | $— | $9,035.36 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,117.47 | $— | $5,117.47 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,670.44 | $— | $3,670.44 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,152.59 | $— | $1,152.59 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,009.79 | $— | $1,009.79 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,985.65 | $0.00 | $19,985.65 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,007,014 | $976,584 | +105.5% |
| Assessed Value | $1,171,901 | $976,584 | +20.0% |
| Land Value | $539,055 | $539,055 | +0.0% |
| Improvement Value | $1,467,959 | $437,529 | +235.5% |
| Taxable Value | $1,171,901 | $976,584 | +20.0% |
| HS Cap Loss | -$835,113 | — | |
| Total Tax 2026 = estimate |
~$23,983
Estimated
|
$19,986 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,007,014 | $2,007,014 | +0 (+0.0%) |
| Taxable Value | $1,171,901 | $1,171,901 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,007,014 | $539,055 | $1,467,959 | −$835,113 | $1,171,901 | $1,171,901 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $976,584 | $539,055 | $437,529 | — | $976,584 | $976,584 | $19,986 | Verified |
| 2024 | $976,751 | — | — | −$437,696 | $539,055 | $— | $20,745 | Verified |
| 2023 | $1,093,469 | — | — | −$554,414 | $539,055 | $— | $17,672 | Verified |
| 2022 | $883,075 | — | — | −$344,020 | $539,055 | $— | $21,595 | Verified |
| 2021 | $902,621 | — | — | −$363,566 | $539,055 | $— | $18,536 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +105.5% ! | +20.0% | 58.4% | Not available | Partial |
| 2025 | -6.7% | -6.7% | ~100% | 2.0500% | Verified |
| 2024 | +7.2% | +7.2% | ~100% | 1.9800% | Verified |
| 2023 | -10.7% | -10.7% | ~100% | 1.8100% | Verified |
| 2022 | +17.6% | +17.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +5.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +105.5% | +23.3% | -8.5% | +105.5% | 2026 | -10.7% | 2024 |
| Assessment Ratio | 58.4% | 63.9% | — | 100.0% | 2025 | 49.3% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $19,986 | $19,707 | ~$20,185 | $21,595 | 2022 | $17,672 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$996,003 | ~$996,003 | ~2.0139% | ~$20,059 | +2.0% |
| 2027 | ~$1,015,808 | ~$1,015,808 | ~1.9814% | ~$20,127 | +4.0% |
| 2028 | ~$1,036,007 | ~$1,036,007 | ~1.9488% | ~$20,190 | +6.1% |
| 2029 | ~$1,056,608 | ~$1,056,608 | ~1.9163% | ~$20,248 | +8.2% |
| 2030 | ~$1,077,618 | ~$1,077,618 | ~1.8837% | ~$20,300 | +10.3% |
| 2026 | ~$976,471 | ~$976,471 | ~2.0465% | ~$19,983 | -0.0% |
| 2027 | ~$976,359 | ~$976,359 | ~2.0465% | ~$19,981 | -0.0% |
| 2028 | ~$976,246 | ~$976,246 | ~2.0465% | ~$19,979 | -0.0% |
| 2029 | ~$976,133 | ~$976,133 | ~2.0465% | ~$19,976 | -0.0% |
| 2030 | ~$976,021 | ~$976,021 | ~2.0465% | ~$19,974 | -0.1% |
| 2026 | ~$1,015,535 | ~$1,015,535 | ~1.9977% | ~$20,287 | +4.0% |
| 2027 | ~$1,056,039 | ~$1,056,039 | ~1.9488% | ~$20,581 | +8.1% |
| 2028 | ~$1,098,159 | ~$1,098,159 | ~1.9000% | ~$20,865 | +12.4% |
| 2029 | ~$1,141,958 | ~$1,141,958 | ~1.8512% | ~$21,140 | +16.9% |
| 2030 | ~$1,187,505 | ~$1,187,505 | ~1.8024% | ~$21,403 | +21.6% |
In 2025, this property's market value of $976,584 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -31% 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 | $976,584 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $976,751 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,093,469 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $883,075 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $902,621 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.