2305 PARMER LN TX 78727
| Owner | YI HYON SUK & KYUNG CHIL KIM |
|---|---|
| Parcel ID | 0262130409 |
| Short ID | 266448 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 1,288 SF |
| Land SF | 13,125 SF |
| Acres | 0.301 |
| Year Built | 1973 |
| Legal | LOT 4B BLK B * LESS .056AC PARMER LANE HEIGHTS SEC 1 RESUB OF LOT 1 |
| Neighborhood | 59NOR |
| Land | $262,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $262,500 |
| Improvement | $172,444 |
|---|---|
| Total Improvement | $172,444 |
| Market | $434,944 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $434,944 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $434,944 |
| Taxable Value | $434,944 |
|---|
Appreciation: Market value has risen +8.5% from $400,855 (2021) to $434,944 (2025), a CAGR of 2.1% 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 $8,901. 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 60% of market value ($262,500 land vs $172,444 improvements), about $20/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $434,944, 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 +2.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $481,660 by 2030, with an estimated annual tax burden around $9,073. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,288 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,288 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 447 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 242 SF | ✗ |
| 591 | MASONRY TRIM SF | 125 SF | ✗ |
| 522C | FIREPLACE COMM | 1 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% | $4,024.10 | $4,024.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,279.18 | $2,279.18 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,634.72 | $1,634.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $513.33 | $513.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $449.73 | $449.73 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $8,901.06 | $8,901.06 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $651,391 | $434,944 | +49.8% |
| Assessed Value | $521,933 | $434,944 | +20.0% |
| Land Value | $262,500 | $262,500 | +0.0% |
| Improvement Value | $388,891 | $172,444 | +125.5% |
| Taxable Value | $521,933 | $434,944 | +20.0% |
| HS Cap Loss | -$129,458 | — | |
| Total Tax 2026 = estimate |
~$10,681
Estimated
|
~$8,901
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $651,391 | $651,391 | +0 (+0.0%) |
| Taxable Value | $521,933 | $521,933 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $651,391 | $262,500 | $388,891 | −$129,458 | $521,933 | $521,933 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $434,944 | $262,500 | $172,444 | — | $434,944 | $434,944 | ~$8,901 | Partial |
| 2024 | $436,827 | — | — | −$174,327 | $262,500 | $— | $9,210 | Verified |
| 2023 | $484,492 | — | — | −$221,992 | $262,500 | $— | $7,903 | Verified |
| 2022 | $411,103 | — | — | −$148,603 | $262,500 | $— | $9,568 | Verified |
| 2021 | $400,855 | — | — | −$138,355 | $262,500 | $— | $8,948 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +49.8% | +20.0% | 80.1% | Not available | Partial |
| 2025 | -6.4% | -6.4% | ~100% | Not available | Partial |
| 2024 | +6.4% | +6.4% | ~100% | 1.9800% | Verified |
| 2023 | -9.8% | -9.8% | ~100% | 1.8100% | Verified |
| 2022 | +17.9% | +17.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +5.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +49.8% | +12.0% | -4.7% | +49.8% | 2026 | -9.8% | 2024 |
| Assessment Ratio | 80.1% | 70.6% | — | 100.0% | 2025 | 54.2% | 2023 |
| 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 |
$8,901 | $8,906 | ~$9,009 | $9,568 | 2022 | $7,903 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$443,910 | ~$443,910 | ~2.0139% | ~$8,940 | +2.1% |
| 2027 | ~$453,061 | ~$453,061 | ~1.9814% | ~$8,977 | +4.2% |
| 2028 | ~$462,400 | ~$462,400 | ~1.9488% | ~$9,011 | +6.3% |
| 2029 | ~$471,932 | ~$471,932 | ~1.9163% | ~$9,044 | +8.5% |
| 2030 | ~$481,660 | ~$481,660 | ~1.8837% | ~$9,073 | +10.7% |
| 2026 | ~$435,211 | ~$435,211 | ~2.0465% | ~$8,907 | +0.1% |
| 2027 | ~$435,478 | ~$435,478 | ~2.0465% | ~$8,912 | +0.1% |
| 2028 | ~$435,746 | ~$435,746 | ~2.0465% | ~$8,917 | +0.2% |
| 2029 | ~$436,013 | ~$436,013 | ~2.0465% | ~$8,923 | +0.2% |
| 2030 | ~$436,281 | ~$436,281 | ~2.0465% | ~$8,928 | +0.3% |
| 2026 | ~$452,609 | ~$452,609 | ~1.9977% | ~$9,042 | +4.1% |
| 2027 | ~$470,991 | ~$470,991 | ~1.9488% | ~$9,179 | +8.3% |
| 2028 | ~$490,120 | ~$490,120 | ~1.9000% | ~$9,312 | +12.7% |
| 2029 | ~$510,026 | ~$510,026 | ~1.8512% | ~$9,442 | +17.3% |
| 2030 | ~$530,740 | ~$530,740 | ~1.8024% | ~$9,566 | +22.0% |
In 2025, this property's market value of $434,944 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -69% 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 | $434,944 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $436,827 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $484,492 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $411,103 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $400,855 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.