S LAMAR BLVD TX 78704
| Owner | SCHMIDT ROBERT M & |
|---|---|
| Parcel ID | 0404130106 |
| Short ID | 945642 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 8,446 SF |
| Land SF | 47,829 SF |
| Acres | 1.098 |
| Year Built | 1976 |
| Legal | ABS 14 SUR 21 HILL H P 1.0980A |
| Neighborhood | 83CEN |
| Land | $5,165,519 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,165,519 |
| Improvement | $329,692 |
|---|---|
| Total Improvement | $329,692 |
| Market | $5,495,211 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,495,211 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,495,211 |
| Taxable Value | $5,495,211 |
|---|
Appreciation: Market value has risen +73.4% from $3,169,077 (2022) to $5,495,211 (2025), a CAGR of 20.1% over 3 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 +16.6%, 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 $112,459. 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 94% of market value ($5,165,519 land vs $329,692 improvements), about $108/SF of land. With value concentrated in the land under a ~50-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $5,495,211, this parcel sits in the top quartile (≥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 +20.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,753,197 by 2030, with an estimated annual tax burden around $166,713. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 16,000 SF | ✗ |
| 1ST | 1st Floor | 8,446 SF | ✓ |
| 501 | CANOPY | 1,166 SF | ✗ |
| 581C | STORAGE ATT COMM | 368 SF | ✓ |
| 571C | STORAGE DET COMM | 200 SF | ✓ |
| 611 | TERRACE | 128 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% | $50,841.69 | $50,841.69 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $28,795.84 | $28,795.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $20,653.48 | $20,653.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,485.61 | $6,485.61 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,682.05 | $5,682.05 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $112,458.67 | $112,458.67 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,587,464 | $5,495,211 | -52.9% |
| Assessed Value | $2,587,464 | $5,495,211 | -52.9% |
| Land Value | $5,165,519 | $5,165,519 | +0.0% |
| Improvement Value | — | $329,692 | — |
| Taxable Value | $2,587,464 | $5,495,211 | -52.9% |
| Total Tax 2026 = estimate |
~$52,952
Estimated
|
~$112,459
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,731,074 | $2,587,464 | -3,143,610 (-54.9%) |
| Taxable Value | $5,731,074 | $2,587,464 | -3,143,610 (-54.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,587,464 | $5,165,519 | — | — | $2,587,464 | $2,587,464 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,495,211 | $5,165,519 | $329,692 | — | $5,495,211 | $5,495,211 | ~$112,459 | Partial |
| 2024 | $5,511,067 | — | — | −$345,548 | $5,165,519 | $— | $54,218 | Verified |
| 2023 | $3,302,307 | — | — | — | $5,165,519 ! | $— | $99,709 | Verified |
| 2022 | $3,169,077 | — | — | −$155,858 | $3,013,219 | $— | $65,218 | Verified |
| 2021 | $— | — | — | — | $3,013,220 | $— | $68,981 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.3% | +4.3% | ~100% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | -0.4% | -0.4% | ~100% | 0.9900% | Verified |
| 2023 | +66.9% | +66.9% | ~100% | 1.8100% | Verified |
| 2022 | +4.2% | +4.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +73.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -52.9% | +4.5% | +47.1% | +66.9% | 2024 | -52.9% | 2026 |
| Assessment Ratio | 100.0% | 109.0% | — | 156.4% | 2023 | 93.7% | 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 |
$112,459 | $82,901 | ~$143,383 | $112,459 | 2025 | $54,218 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,601,889 | ~$6,044,732 | ~2.0139% | ~$121,737 | +20.1% |
| 2027 | ~$7,931,441 | ~$6,649,205 | ~1.9814% | ~$131,747 | +44.3% |
| 2028 | ~$9,528,750 | ~$7,314,126 | ~1.9488% | ~$142,541 | +73.4% |
| 2029 | ~$11,447,742 | ~$8,045,538 | ~1.9163% | ~$154,176 | +108.3% |
| 2030 | ~$13,753,197 | ~$8,850,092 | ~1.8837% | ~$166,713 | +150.3% |
| 2026 | ~$6,491,985 | ~$6,044,732 | ~2.0465% | ~$123,705 | +18.1% |
| 2027 | ~$7,669,563 | ~$6,649,205 | ~2.0465% | ~$136,075 | +39.6% |
| 2028 | ~$9,060,742 | ~$7,314,126 | ~2.0465% | ~$149,682 | +64.9% |
| 2029 | ~$10,704,267 | ~$8,045,538 | ~2.0465% | ~$164,651 | +94.8% |
| 2030 | ~$12,645,909 | ~$8,850,092 | ~2.0465% | ~$181,116 | +130.1% |
| 2026 | ~$6,711,793 | ~$6,044,732 | ~1.9977% | ~$120,753 | +22.1% |
| 2027 | ~$8,197,715 | ~$6,649,205 | ~1.9488% | ~$129,582 | +49.2% |
| 2028 | ~$10,012,603 | ~$7,314,126 | ~1.9000% | ~$138,970 | +82.2% |
| 2029 | ~$12,229,289 | ~$8,045,538 | ~1.8512% | ~$148,939 | +122.5% |
| 2030 | ~$14,936,726 | ~$8,850,092 | ~1.8024% | ~$159,512 | +171.8% |
In 2025, this property's market value of $5,495,211 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $5,495,211 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,511,067 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,302,307 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $3,169,077 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | — | $517,750 | $1,142,600 | $2,780,453 | — | 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.