8656 W STATE HY 71 1-B-1 TX 78735
| Owner | SOUTHWEST SUMMIT HOLDINGS II LLC |
|---|---|
| Parcel ID | 0402440504 |
| Short ID | 930139 |
| Type | Real |
| Use Code | 26 Large Office Condo |
| Valuation | Income |
| Improvement SF | 10,231 SF |
| Land SF | 55,429 SF |
| Acres | 1.272 |
| Year Built | 2019 |
| Legal | UNT 1-B-1 WESCO HILLTOP CONDOMINIUMS PLUS 48.0 % INT IN COM AREA |
| Neighborhood | 52SWE |
| Land | $221,717 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $221,717 |
| Improvement | $1,517,027 |
|---|---|
| Total Improvement | $1,517,027 |
| Market | $1,738,744 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,738,744 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,738,744 |
| Taxable Value | $1,738,744 |
|---|
Appreciation: Market value has fallen -29.3% from $2,459,614 (2021) to $1,738,744 (2025), a CAGR of -8.3% over 4 years. Growth has been relatively flat for this asset class. 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 $35,583. 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 ($221,717 land vs $1,517,027 improvements), about $4/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,738,744, 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 -8.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,127,059 by 2030, with an estimated annual tax burden around $21,231. 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 | 10,231 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% | $16,086.86 | $16,086.86 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,111.31 | $9,111.31 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,534.98 | $6,534.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,052.12 | $2,052.12 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,797.86 | $1,797.86 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $35,583.13 | $35,583.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,736,058 | $1,738,744 | -0.2% |
| Assessed Value | $1,736,058 | $1,738,744 | -0.2% |
| Land Value | $221,717 | $221,717 | +0.0% |
| Improvement Value | $1,514,341 | $1,517,027 | -0.2% |
| Taxable Value | $1,736,058 | $1,738,744 | -0.2% |
| Total Tax 2026 = estimate |
~$35,528
Estimated
|
~$35,583
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,736,058 | $1,736,058 | +0 (+0.0%) |
| Taxable Value | $1,736,058 | $1,736,058 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,736,058 | $221,717 | $1,514,341 | — | $1,736,058 | $1,736,058 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,738,744 | $221,717 | $1,517,027 | — | $1,738,744 | $1,738,744 | ~$35,583 | Partial |
| 2024 | $2,378,979 | — | — | −$2,157,262 | $221,717 | $— | $46,777 | Verified |
| 2023 | $2,642,528 | — | — | −$2,420,811 | $221,717 | $— | $43,042 | Verified |
| 2022 | $2,422,621 | — | — | −$2,200,904 | $221,717 | $— | $52,188 | Verified |
| 2021 | $2,459,614 | — | — | −$2,237,897 | $221,717 | $— | $52,733 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.2% | -0.2% | ~100% | Not available | Partial |
| 2025 | -26.3% | -26.3% | ~100% | Not available | Partial |
| 2024 | -0.8% | -0.8% | ~100% | 1.9800% | Verified |
| 2023 | -10.0% | -10.0% | ~100% | 1.8100% | Verified |
| 2022 | +9.1% | +9.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -28.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.2% | -5.9% | -8.3% | +9.1% | 2023 | -26.9% | 2025 |
| Assessment Ratio | 100.0% | 39.3% | — | 100.0% | 2025 | 8.4% | 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 |
$35,583 | $46,065 | ~$26,397 | $52,733 | 2021 | $35,583 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,594,329 | ~$1,594,329 | ~2.0139% | ~$32,109 | -8.3% |
| 2027 | ~$1,461,908 | ~$1,461,908 | ~1.9814% | ~$28,966 | -15.9% |
| 2028 | ~$1,340,486 | ~$1,340,486 | ~1.9488% | ~$26,124 | -22.9% |
| 2029 | ~$1,229,148 | ~$1,229,148 | ~1.9163% | ~$23,554 | -29.3% |
| 2030 | ~$1,127,059 | ~$1,127,059 | ~1.8837% | ~$21,231 | -35.2% |
| 2026 | ~$1,651,807 | ~$1,651,807 | ~2.0465% | ~$33,804 | -5.0% |
| 2027 | ~$1,569,216 | ~$1,569,216 | ~2.0465% | ~$32,114 | -9.8% |
| 2028 | ~$1,490,756 | ~$1,490,756 | ~2.0465% | ~$30,508 | -14.3% |
| 2029 | ~$1,416,218 | ~$1,416,218 | ~2.0465% | ~$28,983 | -18.5% |
| 2030 | ~$1,345,407 | ~$1,345,407 | ~2.0465% | ~$27,534 | -22.6% |
| 2026 | ~$1,629,103 | ~$1,629,103 | ~1.9977% | ~$32,544 | -6.3% |
| 2027 | ~$1,526,376 | ~$1,526,376 | ~1.9488% | ~$29,747 | -12.2% |
| 2028 | ~$1,430,127 | ~$1,430,127 | ~1.9000% | ~$27,173 | -17.7% |
| 2029 | ~$1,339,947 | ~$1,339,947 | ~1.8512% | ~$24,805 | -22.9% |
| 2030 | ~$1,255,454 | ~$1,255,454 | ~1.8024% | ~$22,628 | -27.8% |
In 2025, this property's market value of $1,738,744 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +23% 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 | $1,738,744 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,378,979 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,642,528 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,422,621 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,459,614 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.