2405 W PARMER LN TX 78727
| Owner | IPERS MARKET AT PARMER INC |
|---|---|
| Parcel ID | 0262130320 |
| Short ID | 266433 |
| Type | Real |
| Use Code | 42 Neighborhood Shopping Center |
| Valuation | Income |
| Improvement SF | 25,068 SF |
| Land SF | 97,923 SF |
| Acres | 2.248 |
| Year Built | 1985 |
| Legal | LOT 1 LESS .042A PARMER SQUARE SUBD PLUS .005A VACATED STREET |
| Neighborhood | 42NOR |
| Land | $2,937,686 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,937,686 |
| Improvement | $7,115,314 |
|---|---|
| Total Improvement | $7,115,314 |
| Market | $10,053,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $10,053,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $10,053,000 |
| Taxable Value | $10,053,000 |
|---|
Appreciation: Market value has risen +20.5% from $8,340,465 (2021) to $10,053,000 (2025), a CAGR of 4.8% over 4 years. This represents moderate, steady growth. 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 $205,733. 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 29% of market value ($2,937,686 land vs $7,115,314 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $10,053,000, 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 +4.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,696,308 by 2030, with an estimated annual tax burden around $239,166. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 72,890 SF | ✗ |
| 1ST | 1st Floor | 25,068 SF | ✓ |
| 611 | TERRACE | 4,359 SF | ✗ |
| 501 | CANOPY | 4,275 SF | ✗ |
| 407 | LOADING DOCK | 395 SF | ✓ |
| 437 | FENCE MASON LF | 46 SF | ✗ |
| 413 | STAIRWAY EXT | 7 SF | ✓ |
| 482 | LIGHT POLES | 3 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% | $93,010.36 | $93,010.36 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $52,679.43 | $52,679.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $37,783.70 | $37,783.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,864.85 | $11,864.85 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,394.80 | $10,394.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $205,733.14 | $205,733.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,852,731 | $10,053,000 | -2.0% |
| Assessed Value | $9,852,731 | $10,053,000 | -2.0% |
| Land Value | $2,937,686 | $2,937,686 | +0.0% |
| Improvement Value | $6,915,045 | $7,115,314 | -2.8% |
| Taxable Value | $9,852,731 | $10,053,000 | -2.0% |
| Total Tax 2026 = estimate |
~$201,635
Estimated
|
~$205,733
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,852,731 | $9,852,731 | +0 (+0.0%) |
| Taxable Value | $9,852,731 | $9,852,731 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,852,731 | $2,937,686 | $6,915,045 | — | $9,852,731 | $9,852,731 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $10,053,000 | $2,937,686 | $7,115,314 | — | $10,053,000 | $10,053,000 | ~$205,733 | Partial |
| 2024 | $8,433,468 | — | — | −$5,495,782 | $2,937,686 | $— | $203,189 | Verified |
| 2023 | $8,030,992 | — | — | −$5,093,306 | $2,937,686 | $— | $152,582 | Verified |
| 2022 | $7,993,446 | — | — | −$5,055,760 | $2,937,686 | $— | $158,606 | Verified |
| 2021 | $8,340,465 | — | — | −$5,402,779 | $2,937,686 | $— | $173,992 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2025 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2024 | +21.6% | +21.6% | ~100% | 1.9800% | Verified |
| 2023 | +5.0% | +5.0% | ~100% | 1.8100% | Verified |
| 2022 | +0.5% | +0.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.0% | +3.7% | +5.2% | +19.2% | 2025 | -4.2% | 2022 |
| Assessment Ratio | 100.0% | 57.2% | — | 100.0% | 2025 | 34.8% | 2024 |
| 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 |
$205,733 | $178,820 | ~$225,512 | $205,733 | 2025 | $152,582 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$10,533,484 | ~$10,533,484 | ~2.0139% | ~$212,138 | +4.8% |
| 2027 | ~$11,036,933 | ~$11,036,933 | ~1.9814% | ~$218,684 | +9.8% |
| 2028 | ~$11,564,444 | ~$11,564,444 | ~1.9488% | ~$225,372 | +15.0% |
| 2029 | ~$12,117,167 | ~$12,117,167 | ~1.9163% | ~$232,200 | +20.5% |
| 2030 | ~$12,696,308 | ~$12,696,308 | ~1.8837% | ~$239,166 | +26.3% |
| 2026 | ~$10,332,424 | ~$10,332,424 | ~2.0465% | ~$211,452 | +2.8% |
| 2027 | ~$10,619,614 | ~$10,619,614 | ~2.0465% | ~$217,329 | +5.6% |
| 2028 | ~$10,914,788 | ~$10,914,788 | ~2.0465% | ~$223,369 | +8.6% |
| 2029 | ~$11,218,165 | ~$11,218,165 | ~2.0465% | ~$229,578 | +11.6% |
| 2030 | ~$11,529,975 | ~$11,529,975 | ~2.0465% | ~$235,959 | +14.7% |
| 2026 | ~$10,734,544 | ~$10,734,544 | ~1.9977% | ~$214,440 | +6.8% |
| 2027 | ~$11,462,293 | ~$11,462,293 | ~1.9488% | ~$223,382 | +14.0% |
| 2028 | ~$12,239,380 | ~$12,239,380 | ~1.9000% | ~$232,550 | +21.7% |
| 2029 | ~$13,069,150 | ~$13,069,150 | ~1.8512% | ~$241,935 | +30.0% |
| 2030 | ~$13,955,174 | ~$13,955,174 | ~1.8024% | ~$251,524 | +38.8% |
In 2025, this property's market value of $10,053,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 7× 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 | $10,053,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,433,468 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $8,030,992 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $7,993,446 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $8,340,465 | $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.