3601 W WILLIAM CANNON DR 3 TX 78745
| Owner | BINOMIAL PROPERTIES L L C |
|---|---|
| Parcel ID | 0414230306 |
| Short ID | 511575 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 6,942 SF |
| Land SF | 37,488 SF |
| Acres | 0.861 |
| Year Built | 1998 |
| Legal | LOT 3 BLK A SOUTHCROSS PLAZA RESUB OF |
| Neighborhood | 83SOU |
| Land | $562,320 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $562,320 |
| Improvement | $847,574 |
|---|---|
| Total Improvement | $847,574 |
| Market | $1,409,894 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,409,894 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,409,894 |
| Taxable Value | $1,409,894 |
|---|
Appreciation: Market value has risen +4.7% from $1,346,249 (2021) to $1,409,894 (2025), a CAGR of 1.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $28,853. 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 40% of market value ($562,320 land vs $847,574 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~28 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,409,894, 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 +1.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,493,698 by 2030, with an estimated annual tax burden around $28,137. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 25,000 SF | ✗ |
| 1ST | 1st Floor | 6,942 SF | ✓ |
| SO | Sketch Only | 1,529 SF | ✗ |
| 501 | CANOPY | 538 SF | ✗ |
| 328 | MEZZ COMM (STG) | 399 SF | ✓ |
| 482 | LIGHT POLES | 3 SF | ✓ |
| 476 | ELEVATOR FREIGHT | 1 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% | $13,044.34 | $13,044.34 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,388.08 | $7,388.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,299.02 | $5,299.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,664.00 | $1,664.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,457.83 | $1,457.83 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,853.27 | $28,853.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,873,692 | $1,409,894 | +32.9% |
| Assessed Value | $1,691,873 | $1,409,894 | +20.0% |
| Land Value | $562,320 | $562,320 | +0.0% |
| Improvement Value | $1,311,372 | $847,574 | +54.7% |
| Taxable Value | $1,691,873 | $1,409,894 | +20.0% |
| HS Cap Loss | -$181,819 | — | |
| Total Tax 2026 = estimate |
~$34,624
Estimated
|
~$28,853
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,006,670 | $1,873,692 | -132,978 (-6.6%) |
| Taxable Value | $1,691,873 | $1,691,873 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,873,692 | $562,320 | $1,311,372 | −$181,819 | $1,691,873 | $1,691,873 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,409,894 | $562,320 | $847,574 | — | $1,409,894 | $1,409,894 | ~$28,853 | Partial |
| 2024 | $1,652,185 | — | — | −$1,089,865 | $562,320 | $— | $28,573 | Verified |
| 2023 | $1,205,000 | — | — | −$830,120 | $374,880 | $— | $29,892 | Verified |
| 2022 | $1,353,680 | — | — | −$978,800 | $374,880 | $— | $23,798 | Verified |
| 2021 | $1,346,249 | — | — | −$971,369 | $374,880 | $— | $29,465 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +42.3% | +20.0% | 84.3% | Not available | Partial |
| 2025 | -2.2% | -2.2% | ~100% | Not available | Partial |
| 2024 | -12.7% | -12.7% | ~100% | 1.9800% | Verified |
| 2023 | +37.1% | +37.1% | ~100% | 1.8100% | Verified |
| 2022 | -11.0% | -11.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +32.9% | +9.0% | -3.8% | +37.1% | 2024 | -14.7% | 2025 |
| Assessment Ratio | 90.3% | 51.8% | — | 100.0% | 2025 | 27.7% | 2022 |
| 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 |
$28,853 | $28,116 | ~$28,438 | $29,892 | 2023 | $23,798 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,426,270 | ~$1,426,270 | ~2.0139% | ~$28,724 | +1.2% |
| 2027 | ~$1,442,836 | ~$1,442,836 | ~1.9814% | ~$28,588 | +2.3% |
| 2028 | ~$1,459,595 | ~$1,459,595 | ~1.9488% | ~$28,445 | +3.5% |
| 2029 | ~$1,476,548 | ~$1,476,548 | ~1.9163% | ~$28,295 | +4.7% |
| 2030 | ~$1,493,698 | ~$1,493,698 | ~1.8837% | ~$28,137 | +5.9% |
| 2026 | ~$1,398,072 | ~$1,398,072 | ~2.0465% | ~$28,611 | -0.8% |
| 2027 | ~$1,386,349 | ~$1,386,349 | ~2.0465% | ~$28,371 | -1.7% |
| 2028 | ~$1,374,725 | ~$1,374,725 | ~2.0465% | ~$28,134 | -2.5% |
| 2029 | ~$1,363,198 | ~$1,363,198 | ~2.0465% | ~$27,898 | -3.3% |
| 2030 | ~$1,351,767 | ~$1,351,767 | ~2.0465% | ~$27,664 | -4.1% |
| 2026 | ~$1,454,468 | ~$1,454,468 | ~1.9977% | ~$29,055 | +3.2% |
| 2027 | ~$1,500,451 | ~$1,500,451 | ~1.9488% | ~$29,241 | +6.4% |
| 2028 | ~$1,547,888 | ~$1,547,888 | ~1.9000% | ~$29,410 | +9.8% |
| 2029 | ~$1,596,824 | ~$1,596,824 | ~1.8512% | ~$29,560 | +13.3% |
| 2030 | ~$1,647,308 | ~$1,647,308 | ~1.8024% | ~$29,691 | +16.8% |
In 2025, this property's market value of $1,409,894 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -1% 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 | $1,409,894 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,652,185 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,205,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,353,680 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,346,249 | $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.