5900 SOUTHWEST PKWY 520 TX 78735
| Owner | SOMMERS REALTY MANAGEMENT LLC |
|---|---|
| Parcel ID | 0402280411 |
| Short ID | 531747 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 2,452 SF |
| Land SF | 29,493 SF |
| Acres | 0.677 |
| Year Built | 2005 |
| Legal | UNT 520 5900 SOUTHWEST PARKWAY CONDOMINIUMS AMENDED PLUS 4.3024 % INT IN COM AREA |
| Neighborhood | 23SW04 |
| Land | $206,451 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $206,451 |
| Improvement | $830,899 |
|---|---|
| Total Improvement | $830,899 |
| Market | $1,037,350 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,037,350 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,037,350 |
| Taxable Value | $1,037,350 |
|---|
Appreciation: Market value has risen +25.8% from $824,889 (2021) to $1,037,350 (2025), a CAGR of 5.9% 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 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 $21,229. 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 20% of market value ($206,451 land vs $830,899 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~21 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,037,350, 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 +5.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,381,458 by 2030, with an estimated annual tax burden around $26,023. 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 | 2,452 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% | $9,597.56 | $9,597.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,435.89 | $5,435.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,898.83 | $3,898.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,224.31 | $1,224.31 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,072.62 | $1,072.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,229.21 | $21,229.21 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,037,350 | $1,037,350 | +0.0% |
| Assessed Value | $1,037,350 | $1,037,350 | +0.0% |
| Land Value | $206,451 | $206,451 | +0.0% |
| Improvement Value | $830,899 | $830,899 | +0.0% |
| Taxable Value | $1,037,350 | $1,037,350 | +0.0% |
| Total Tax 2026 = estimate |
~$21,229
Estimated
|
~$21,229
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,121,753 | $1,037,350 | -84,403 (-7.5%) |
| Taxable Value | $1,121,753 | $1,037,350 | -84,403 (-7.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,037,350 | $206,451 | $830,899 | — | $1,037,350 | $1,037,350 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,037,350 | $206,451 | $830,899 | — | $1,037,350 | $1,037,350 | ~$21,229 | Partial |
| 2024 | $873,500 | — | — | −$667,049 | $206,451 | $— | $20,762 | Verified |
| 2023 | $895,000 | — | — | −$688,549 | $206,451 | $— | $15,804 | Verified |
| 2022 | $841,000 | — | — | −$634,549 | $206,451 | $— | $17,676 | Verified |
| 2021 | $824,889 | — | — | −$618,438 | $206,451 | $— | $18,306 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.1% | +8.1% | ~100% | Not available | Partial |
| 2025 | -1.0% | -1.0% | ~100% | Not available | Partial |
| 2024 | +19.9% | +19.9% | ~100% | 1.9800% | Verified |
| 2023 | -2.4% | -2.4% | ~100% | 1.8100% | Verified |
| 2022 | +6.4% | +6.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +23.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +5.0% | +5.9% | +18.8% | 2025 | -2.4% | 2024 |
| Assessment Ratio | 100.0% | 49.4% | — | 100.0% | 2025 | 23.1% | 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 |
$21,229 | $18,755 | ~$24,040 | $21,229 | 2025 | $15,804 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,098,519 | ~$1,098,519 | ~2.0139% | ~$22,123 | +5.9% |
| 2027 | ~$1,163,296 | ~$1,163,296 | ~1.9814% | ~$23,049 | +12.1% |
| 2028 | ~$1,231,892 | ~$1,231,892 | ~1.9488% | ~$24,008 | +18.8% |
| 2029 | ~$1,304,533 | ~$1,304,533 | ~1.9163% | ~$24,999 | +25.8% |
| 2030 | ~$1,381,458 | ~$1,381,458 | ~1.8837% | ~$26,023 | +33.2% |
| 2026 | ~$1,077,772 | ~$1,077,772 | ~2.0465% | ~$22,056 | +3.9% |
| 2027 | ~$1,119,770 | ~$1,119,770 | ~2.0465% | ~$22,916 | +7.9% |
| 2028 | ~$1,163,404 | ~$1,163,404 | ~2.0465% | ~$23,809 | +12.2% |
| 2029 | ~$1,208,739 | ~$1,208,739 | ~2.0465% | ~$24,737 | +16.5% |
| 2030 | ~$1,255,840 | ~$1,255,840 | ~2.0465% | ~$25,701 | +21.1% |
| 2026 | ~$1,119,266 | ~$1,119,266 | ~1.9977% | ~$22,359 | +7.9% |
| 2027 | ~$1,207,652 | ~$1,207,652 | ~1.9488% | ~$23,535 | +16.4% |
| 2028 | ~$1,303,016 | ~$1,303,016 | ~1.9000% | ~$24,758 | +25.6% |
| 2029 | ~$1,405,912 | ~$1,405,912 | ~1.8512% | ~$26,026 | +35.5% |
| 2030 | ~$1,516,932 | ~$1,516,932 | ~1.8024% | ~$27,341 | +46.2% |
In 2025, this property's market value of $1,037,350 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -27% 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 | $1,037,350 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $873,500 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $895,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $841,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $824,889 | $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.