12319 N MO-PAC EXPRESSWAY 240 78758
| Owner | LOVOY INVESTMENTS LLC & SHEILA SHUNG |
|---|---|
| Parcel ID | 0262131415 |
| Short ID | 818190 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 1,071 SF |
| Land SF | 2,949 SF |
| Acres | 0.068 |
| Year Built | 2011 |
| Legal | UNT 240 PLAZA NORTH OFFICE CONDOMINIUMS AMENDED PLUS 2.2344 % INT IN COM AREA |
| Neighborhood | 26NOR02 |
| Land | $88,459 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $88,459 |
| Improvement | $611,541 |
|---|---|
| Total Improvement | $611,541 |
| Market | $700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $700,000 |
| Taxable Value | $700,000 |
|---|
Appreciation: Market value has risen +103.5% from $343,900 (2021) to $700,000 (2025), a CAGR of 19.4% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has outpaced 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 $14,325. 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 13% of market value ($88,459 land vs $611,541 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~15 yrs), and rent roll drive the underwriting.
Submarket Position: At $700,000, 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 +19.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,701,886 by 2030, with an estimated annual tax burden around $21,237. 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 | 1,071 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% | $6,476.40 | $6,476.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,668.12 | $3,668.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,630.92 | $2,630.92 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $826.16 | $826.16 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $723.80 | $723.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,325.40 | $14,325.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $595,846 | $700,000 | -14.9% |
| Assessed Value | $595,846 | $700,000 | -14.9% |
| Land Value | $88,459 | $88,459 | +0.0% |
| Improvement Value | $507,387 | $611,541 | -17.0% |
| Taxable Value | $595,846 | $700,000 | -14.9% |
| Total Tax 2026 = estimate |
~$12,194
Estimated
|
~$14,325
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $716,723 | $595,846 | -120,877 (-16.9%) |
| Taxable Value | $716,723 | $595,846 | -120,877 (-16.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $595,846 | $88,459 | $507,387 | — | $595,846 | $595,846 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $700,000 | $88,459 | $611,541 | — | $700,000 | $700,000 | ~$14,325 | Partial |
| 2024 | $577,000 | — | — | −$488,541 | $88,459 | $— | $13,075 | Verified |
| 2023 | $449,890 | — | — | −$361,431 | $88,459 | $— | $10,439 | Verified |
| 2022 | $430,542 | — | — | −$342,083 | $88,459 | $— | $8,885 | Verified |
| 2021 | $343,900 | — | — | −$255,441 | $88,459 | $— | $9,372 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.4% | +2.4% | ~100% | Not available | Partial |
| 2025 | -23.2% | +1.1% | ~100% | Not available | Partial |
| 2024 | +57.9% | +20.0% | 76.0% | 1.4300% | Verified |
| 2023 | +20.6% | +20.6% | ~100% | 1.8100% | Verified |
| 2022 | -1.0% | -1.0% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.7300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +44.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.9% | +12.9% | +23.6% | +28.3% | 2024 | -14.9% | 2026 |
| Assessment Ratio | 100.0% | 46.9% | — | 100.0% | 2025 | 15.3% | 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 |
$14,325 | $11,219 | ~$18,264 | $14,325 | 2025 | $8,885 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$836,112 | ~$770,000 | ~2.0139% | ~$15,507 | +19.4% |
| 2027 | ~$998,691 | ~$847,000 | ~1.9814% | ~$16,782 | +42.7% |
| 2028 | ~$1,192,882 | ~$931,700 | ~1.9488% | ~$18,157 | +70.4% |
| 2029 | ~$1,424,833 | ~$1,024,870 | ~1.9163% | ~$19,639 | +103.5% |
| 2030 | ~$1,701,886 | ~$1,127,357 | ~1.8837% | ~$21,237 | +143.1% |
| 2026 | ~$822,112 | ~$770,000 | ~2.0465% | ~$15,758 | +17.4% |
| 2027 | ~$965,526 | ~$847,000 | ~2.0465% | ~$17,334 | +37.9% |
| 2028 | ~$1,133,958 | ~$931,700 | ~2.0465% | ~$19,067 | +62.0% |
| 2029 | ~$1,331,772 | ~$1,024,870 | ~2.0465% | ~$20,974 | +90.3% |
| 2030 | ~$1,564,095 | ~$1,127,357 | ~2.0465% | ~$23,071 | +123.4% |
| 2026 | ~$850,112 | ~$770,000 | ~1.9977% | ~$15,382 | +21.4% |
| 2027 | ~$1,032,415 | ~$847,000 | ~1.9488% | ~$16,507 | +47.5% |
| 2028 | ~$1,253,812 | ~$931,700 | ~1.9000% | ~$17,702 | +79.1% |
| 2029 | ~$1,522,687 | ~$1,024,870 | ~1.8512% | ~$18,972 | +117.5% |
| 2030 | ~$1,849,221 | ~$1,127,357 | ~1.8024% | ~$20,319 | +164.2% |
In 2025, this property's market value of $700,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -51% 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 | $700,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $577,000 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $449,890 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $430,542 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $343,900 | $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.