2605 S INTERSTATE HY 35 TX 78741
| Owner | PALACIOS RAUL M & YAMI |
|---|---|
| Parcel ID | 0307020301 |
| Short ID | 287458 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 5,566 SF |
| Land SF | 17,705 SF |
| Acres | 0.406 |
| Year Built | 2005 |
| Legal | LOT 1 EXXON SUBD |
| Neighborhood | 83SEA |
| Land | $885,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $885,250 |
| Improvement | $638,952 |
|---|---|
| Total Improvement | $638,952 |
| Market | $1,524,202 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,524,202 |
| Value Limitation Adjustment (−) (homestead cap) | −$33,245 |
| Net Appraised (assessed) | $1,490,957 |
| Taxable Value | $1,490,957 |
|---|
Appreciation: Market value has risen +51.1% from $1,008,869 (2021) to $1,524,202 (2025), a CAGR of 10.9% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $30,512. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,490,957) is $33,245 below market value, suggesting potential for an upward assessment in future years.
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 58% of market value ($885,250 land vs $638,952 improvements), about $50/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,524,202, this parcel sits in the upper-middle (50th–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 +10.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,553,008 by 2030, with an estimated annual tax burden around $45,232. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 5,566 SF | ✓ |
| 551 | PAVED AREA | 5,000 SF | ✗ |
| SO | Sketch Only | 2,300 SF | ✗ |
| 501 | CANOPY | 1,325 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% | $13,794.33 | $13,794.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,812.87 | $7,812.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,603.69 | $5,603.69 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,759.67 | $1,759.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,541.65 | $1,541.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,512.21 | $30,512.21 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,200,000 | $1,524,202 | -21.3% |
| Assessed Value | $1,200,000 | $1,490,957 | -19.5% |
| Land Value | $885,250 | $885,250 | +0.0% |
| Improvement Value | $314,750 | $638,952 | -50.7% |
| Taxable Value | $1,200,000 | $1,490,957 | -19.5% |
| Total Tax 2026 = estimate |
~$24,558
Estimated
|
~$30,512
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,200,000 | $1,200,000 | +0 (+0.0%) |
| Taxable Value | $1,200,000 | $1,200,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,200,000 | $885,250 | $314,750 | — | $1,200,000 | $1,200,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,524,202 | $885,250 | $638,952 | −$33,245 | $1,490,957 | $1,490,957 | ~$30,512 | Partial |
| 2024 | $1,035,387 | — | — | −$150,137 | $885,250 | $— | $24,623 | Verified |
| 2023 | $1,123,308 | — | — | −$769,208 | $354,100 | $— | $18,733 | Verified |
| 2022 | $1,015,846 | — | — | −$661,746 | $354,100 | $— | $22,184 | Verified |
| 2021 | $1,008,869 | — | — | −$654,769 | $354,100 | $— | $22,112 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -21.3% | -19.5% | ~100% | Not available | Partial |
| 2025 | -0.7% | +20.0% | 97.8% | Not available | Partial |
| 2024 | +48.2% | +20.0% | 81.0% | 1.6000% | Verified |
| 2023 | -7.8% | -7.8% | ~100% | 1.8100% | Verified |
| 2022 | +10.6% | +10.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +50.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -21.3% | +5.9% | +16.9% | +47.2% | 2025 | -21.3% | 2026 |
| Assessment Ratio | 100.0% | 64.1% | — | 100.0% | 2026 | 31.5% | 2023 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$30,512 | $23,633 | ~$38,902 | $30,512 | 2025 | $18,733 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,689,836 | ~$1,640,053 | ~2.0139% | ~$33,030 | +10.9% |
| 2027 | ~$1,873,469 | ~$1,804,058 | ~1.9814% | ~$35,745 | +22.9% |
| 2028 | ~$2,077,057 | ~$1,984,464 | ~1.9488% | ~$38,674 | +36.3% |
| 2029 | ~$2,302,768 | ~$2,182,910 | ~1.9163% | ~$41,831 | +51.1% |
| 2030 | ~$2,553,008 | ~$2,401,201 | ~1.8837% | ~$45,232 | +67.5% |
| 2026 | ~$1,659,352 | ~$1,640,053 | ~2.0465% | ~$33,563 | +8.9% |
| 2027 | ~$1,806,485 | ~$1,804,058 | ~2.0465% | ~$36,920 | +18.5% |
| 2028 | ~$1,966,664 | ~$1,966,664 | ~2.0465% | ~$40,247 | +29.0% |
| 2029 | ~$2,141,046 | ~$2,141,046 | ~2.0465% | ~$43,816 | +40.5% |
| 2030 | ~$2,330,891 | ~$2,330,891 | ~2.0465% | ~$47,701 | +52.9% |
| 2026 | ~$1,720,320 | ~$1,640,053 | ~1.9977% | ~$32,763 | +12.9% |
| 2027 | ~$1,941,672 | ~$1,804,058 | ~1.9488% | ~$35,158 | +27.4% |
| 2028 | ~$2,191,505 | ~$1,984,464 | ~1.9000% | ~$37,705 | +43.8% |
| 2029 | ~$2,473,484 | ~$2,182,910 | ~1.8512% | ~$40,410 | +62.3% |
| 2030 | ~$2,791,745 | ~$2,401,201 | ~1.8024% | ~$43,279 | +83.2% |
In 2025, this property's market value of $1,524,202 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +8% above 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 | $1,524,202 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,035,387 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,123,308 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,015,846 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,008,869 | $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.