508 CLARKE ST TX 78745
| Owner | PAKIS WILLIAM R |
|---|---|
| Parcel ID | 0409050330 |
| Short ID | 312598 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 2,502 SF |
| Land SF | 3,900 SF |
| Acres | 0.090 |
| Year Built | 1973 |
| Legal | 50 X 78FT BLK 9&10 FORTVIEW ADDN |
| Neighborhood | 53SOU |
| Land | $175,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $175,500 |
| Improvement | $817,235 |
|---|---|
| Total Improvement | $817,235 |
| Market | $992,735 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $992,735 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $992,735 |
| Taxable Value | $992,735 |
|---|
| Total Due | $163,114.18 |
|---|---|
| First Delinquent | 2019 |
Appreciation: Market value has risen +77.3% from $560,046 (2021) to $992,735 (2025), a CAGR of 15.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $20,316. 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 18% of market value ($175,500 land vs $817,235 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $992,735, 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 +15.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,030,464 by 2030, with an estimated annual tax burden around $30,117. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $163,114.18 in unpaid taxes since 2019. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,502 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,502 SF | ✗ |
| 551 | PAVED AREA | 1,296 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +461 |
| Travis County | 0.3444% | 0.3758% | +312 |
| Austin ISD | 0.9505% | 0.9252% | -251 |
| Travis Central Health | 0.1080% | 0.1180% | +100 |
| Austin Community College | 0.1013% | 0.1034% | +21 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $9,184.78 | $— | $9,184.78 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,202.10 | $— | $5,202.10 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,731.14 | $— | $3,731.14 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,171.66 | $— | $1,171.66 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,026.49 | $— | $1,026.49 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,316.17 | $0.00 | $20,316.17 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $723,882 | $992,735 | -27.1% |
| Assessed Value | $723,882 | $992,735 | -27.1% |
| Land Value | $175,500 | $175,500 | +0.0% |
| Improvement Value | $548,382 | $817,235 | -32.9% |
| Taxable Value | $723,882 | $992,735 | -27.1% |
| Total Tax 2026 = estimate |
~$14,814
Estimated
|
$20,316 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $723,882 | $723,882 | +0 (+0.0%) |
| Taxable Value | $723,882 | $723,882 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $723,882 | $175,500 | $548,382 | — | $723,882 | $723,882 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $992,735 | $175,500 | $817,235 | — | $992,735 | $992,735 | $20,316 | Verified |
| 2024 | $986,450 | — | — | −$810,950 | $175,500 | $— | $23,460 | Verified |
| 2023 | $700,708 | — | — | −$525,208 | $175,500 | $— | $17,847 | Verified |
| 2022 | $688,494 | — | — | −$512,994 | $175,500 | $— | $13,838 | Verified |
| 2021 | $560,046 | — | — | −$384,546 | $175,500 | $— | $14,986 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -27.1% | -27.1% | ~100% | Not available | Partial |
| 2025 | -35.8% | -16.1% | ~100% | 2.0500% | Verified |
| 2024 | +56.6% | +20.0% | 76.6% | 1.5200% | Verified |
| 2023 | +40.8% | +40.8% | ~100% | 1.8100% | Verified |
| 2022 | +1.8% | +1.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +44.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -27.1% | +7.8% | +24.0% | +40.8% | 2024 | -27.1% | 2026 |
| Assessment Ratio | 100.0% | 49.9% | — | 100.0% | 2025 | 17.8% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $20,316 | $18,090 | ~$25,903 | $23,460 | 2024 | $13,838 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,145,475 | ~$1,092,008 | ~2.0139% | ~$21,992 | +15.4% |
| 2027 | ~$1,321,716 | ~$1,201,209 | ~1.9814% | ~$23,801 | +33.1% |
| 2028 | ~$1,525,073 | ~$1,321,330 | ~1.9488% | ~$25,751 | +53.6% |
| 2029 | ~$1,759,718 | ~$1,453,463 | ~1.9163% | ~$27,853 | +77.3% |
| 2030 | ~$2,030,464 | ~$1,598,810 | ~1.8837% | ~$30,117 | +104.5% |
| 2026 | ~$1,125,621 | ~$1,092,008 | ~2.0465% | ~$22,348 | +13.4% |
| 2027 | ~$1,276,294 | ~$1,201,209 | ~2.0465% | ~$24,583 | +28.6% |
| 2028 | ~$1,447,136 | ~$1,321,330 | ~2.0465% | ~$27,041 | +45.8% |
| 2029 | ~$1,640,847 | ~$1,453,463 | ~2.0465% | ~$29,745 | +65.3% |
| 2030 | ~$1,860,488 | ~$1,598,810 | ~2.0465% | ~$32,719 | +87.4% |
| 2026 | ~$1,165,330 | ~$1,092,008 | ~1.9977% | ~$21,815 | +17.4% |
| 2027 | ~$1,367,932 | ~$1,201,209 | ~1.9488% | ~$23,410 | +37.8% |
| 2028 | ~$1,605,758 | ~$1,321,330 | ~1.9000% | ~$25,105 | +61.8% |
| 2029 | ~$1,884,932 | ~$1,453,463 | ~1.8512% | ~$26,906 | +89.9% |
| 2030 | ~$2,212,643 | ~$1,598,810 | ~1.8024% | ~$28,816 | +122.9% |
In 2025, this property's market value of $992,735 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -30% 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 | $992,735 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $986,450 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $700,708 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $688,494 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $560,046 | $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.