5501 W WILLIAM CANNON DR AUSTIN, TX 78749
| Owner | 5501 WILLIAM CANNON L P |
|---|---|
| Parcel ID | 0410340556 |
| Short ID | 772655 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 10,686 SF |
| Land SF | 127,457 SF |
| Acres | 2.926 |
| Year Built | 2005 |
| Legal | LOT 3 BLK A LEGEND OAKS BUSINESS PARK REPLAT OF AMD PLAT OF LT 1-3 BL A |
| Neighborhood | 52SWE |
| Land | $370,961 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $370,961 |
| Improvement | $1,781,131 |
|---|---|
| Total Improvement | $1,781,131 |
| Market | $2,152,092 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,152,092 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,152,092 |
| Taxable Value | $2,152,092 |
|---|
Appreciation: Market value has fallen -32.5% from $3,190,600 (2021) to $2,152,092 (2025), a CAGR of -9.4% 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 $44,042. 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 17% of market value ($370,961 land vs $1,781,131 improvements), about $3/SF of land. Most value sits in the improvements, so building condition, age (~21 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,152,092, 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 -9.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,315,517 by 2030, with an estimated annual tax burden around $24,781. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 14,500 SF | ✗ |
| 1ST | 1st Floor | 5,343 SF | ✓ |
| 2ND | 2nd Floor | 5,343 SF | ✓ |
| 276 | ELEVATOR COM PAS | 2 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% | $19,911.16 | $19,911.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,277.33 | $11,277.33 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,088.53 | $8,088.53 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,539.96 | $2,539.96 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,225.26 | $2,225.26 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $44,042.24 | $44,042.24 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,125,000 | $2,152,092 | -1.3% |
| Assessed Value | $2,125,000 | $2,152,092 | -1.3% |
| Land Value | $370,961 | $370,961 | +0.0% |
| Improvement Value | $1,754,039 | $1,781,131 | -1.5% |
| Taxable Value | $2,125,000 | $2,152,092 | -1.3% |
| Total Tax 2026 = estimate |
~$43,488
Estimated
|
~$44,042
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,125,000 | $2,125,000 | +0 (+0.0%) |
| Taxable Value | $2,125,000 | $2,125,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,125,000 | $370,961 | $1,754,039 | — | $2,125,000 | $2,125,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,152,092 | $370,961 | $1,781,131 | — | $2,152,092 | $2,152,092 | ~$44,042 | Partial |
| 2024 | $3,056,613 | — | — | −$2,685,652 | $370,961 | $— | $54,225 | Verified |
| 2023 | $3,577,100 | — | — | −$3,206,139 | $370,961 | $— | $55,302 | Verified |
| 2022 | $3,166,758 | — | — | −$2,795,797 | $370,961 | $— | $70,645 | Verified |
| 2021 | $3,190,600 | — | — | −$2,819,639 | $370,961 | $— | $68,930 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.3% | -1.3% | ~100% | Not available | Partial |
| 2025 | -21.3% | -21.3% | ~100% | Not available | Partial |
| 2024 | -10.5% | -10.5% | ~100% | 1.9800% | Verified |
| 2023 | -14.6% | -14.6% | ~100% | 1.8100% | Verified |
| 2022 | +13.0% | +13.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -32.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.3% | -6.6% | -9.1% | +13.0% | 2023 | -29.6% | 2025 |
| Assessment Ratio | 100.0% | 41.0% | — | 100.0% | 2025 | 10.4% | 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 |
$44,042 | $58,629 | ~$31,623 | $70,645 | 2022 | $44,042 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,950,329 | ~$1,950,329 | ~2.0139% | ~$39,278 | -9.4% |
| 2027 | ~$1,767,482 | ~$1,767,482 | ~1.9814% | ~$35,021 | -17.9% |
| 2028 | ~$1,601,777 | ~$1,601,777 | ~1.9488% | ~$31,216 | -25.6% |
| 2029 | ~$1,451,608 | ~$1,451,608 | ~1.9163% | ~$27,817 | -32.5% |
| 2030 | ~$1,315,517 | ~$1,315,517 | ~1.8837% | ~$24,781 | -38.9% |
| 2026 | ~$2,044,487 | ~$2,044,487 | ~2.0465% | ~$41,840 | -5.0% |
| 2027 | ~$1,942,263 | ~$1,942,263 | ~2.0465% | ~$39,748 | -9.8% |
| 2028 | ~$1,845,150 | ~$1,845,150 | ~2.0465% | ~$37,761 | -14.3% |
| 2029 | ~$1,752,892 | ~$1,752,892 | ~2.0465% | ~$35,873 | -18.5% |
| 2030 | ~$1,665,248 | ~$1,665,248 | ~2.0465% | ~$34,079 | -22.6% |
| 2026 | ~$1,993,371 | ~$1,993,371 | ~1.9977% | ~$39,821 | -7.4% |
| 2027 | ~$1,846,356 | ~$1,846,356 | ~1.9488% | ~$35,983 | -14.2% |
| 2028 | ~$1,710,184 | ~$1,710,184 | ~1.9000% | ~$32,494 | -20.5% |
| 2029 | ~$1,584,055 | ~$1,584,055 | ~1.8512% | ~$29,324 | -26.4% |
| 2030 | ~$1,467,228 | ~$1,467,228 | ~1.8024% | ~$26,445 | -31.8% |
In 2025, this property's market value of $2,152,092 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +52% 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 | $2,152,092 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,056,613 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $3,577,100 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,166,758 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,190,600 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.