1940 W WILLIAM CANNON DR TX 78745
| Owner | SUN FAMILY TRUST |
|---|---|
| Parcel ID | 0416180310 |
| Short ID | 325912 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 3,553 SF |
| Land SF | 24,744 SF |
| Acres | 0.568 |
| Year Built | 1980 |
| Legal | LOT B SCHUCH ADDN |
| Neighborhood | 32SOU |
| Land | $494,880 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $494,880 |
| Improvement | $919,030 |
|---|---|
| Total Improvement | $919,030 |
| Market | $1,413,910 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,413,910 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,413,910 |
| Taxable Value | $1,413,910 |
|---|
Appreciation: Market value has risen +9.2% from $1,295,000 (2021) to $1,413,910 (2025), a CAGR of 2.2% over 4 years. Growth has been relatively flat for this asset class. 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 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 $28,935. 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 35% of market value ($494,880 land vs $919,030 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~46 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,413,910, 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 +2.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,578,017 by 2030, with an estimated annual tax burden around $29,726. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 20,950 SF | ✗ |
| 1ST | 1st Floor | 3,553 SF | ✓ |
| 501 | CANOPY | 287 SF | ✗ |
| 571C | STORAGE DET COMM | 128 SF | ✓ |
| SO | Sketch Only | 98 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% | $13,081.50 | $13,081.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,409.13 | $7,409.13 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,314.11 | $5,314.11 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,668.74 | $1,668.74 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,461.98 | $1,461.98 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,935.46 | $28,935.46 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,473,879 | $1,413,910 | +4.2% |
| Assessed Value | $1,473,879 | $1,413,910 | +4.2% |
| Land Value | $494,880 | $494,880 | +0.0% |
| Improvement Value | $978,999 | $919,030 | +6.5% |
| Taxable Value | $1,473,879 | $1,413,910 | +4.2% |
| Total Tax 2026 = estimate |
~$30,163
Estimated
|
~$28,935
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,473,879 | $1,473,879 | +0 (+0.0%) |
| Taxable Value | $1,473,879 | $1,473,879 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,473,879 | $494,880 | $978,999 | — | $1,473,879 | $1,473,879 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,413,910 | $494,880 | $919,030 | — | $1,413,910 | $1,413,910 | ~$28,935 | Partial |
| 2024 | $1,425,230 | — | — | −$930,350 | $494,880 | $— | $29,213 | Verified |
| 2023 | $1,247,026 | — | — | −$752,146 | $494,880 | $— | $25,786 | Verified |
| 2022 | $1,253,948 | — | — | −$957,020 | $296,928 | $— | $24,628 | Verified |
| 2021 | $1,295,000 | — | — | −$998,072 | $296,928 | $— | $27,294 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.2% | +4.2% | ~100% | Not available | Partial |
| 2025 | -4.1% | -4.1% | ~100% | Not available | Partial |
| 2024 | +3.4% | +3.4% | ~100% | 1.9800% | Verified |
| 2023 | +14.3% | +14.3% | ~100% | 1.8100% | Verified |
| 2022 | -0.6% | -0.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.2% | +2.8% | +1.4% | +14.3% | 2024 | -3.2% | 2022 |
| Assessment Ratio | 100.0% | 53.5% | — | 100.0% | 2025 | 22.9% | 2021 |
| 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 |
$28,935 | $27,171 | ~$29,424 | $29,213 | 2024 | $24,628 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,445,306 | ~$1,445,306 | ~2.0139% | ~$29,108 | +2.2% |
| 2027 | ~$1,477,399 | ~$1,477,399 | ~1.9814% | ~$29,273 | +4.5% |
| 2028 | ~$1,510,205 | ~$1,510,205 | ~1.9488% | ~$29,431 | +6.8% |
| 2029 | ~$1,543,739 | ~$1,543,739 | ~1.9163% | ~$29,583 | +9.2% |
| 2030 | ~$1,578,017 | ~$1,578,017 | ~1.8837% | ~$29,726 | +11.6% |
| 2026 | ~$1,417,028 | ~$1,417,028 | ~2.0465% | ~$28,999 | +0.2% |
| 2027 | ~$1,420,152 | ~$1,420,152 | ~2.0465% | ~$29,063 | +0.4% |
| 2028 | ~$1,423,284 | ~$1,423,284 | ~2.0465% | ~$29,127 | +0.7% |
| 2029 | ~$1,426,422 | ~$1,426,422 | ~2.0465% | ~$29,192 | +0.9% |
| 2030 | ~$1,429,567 | ~$1,429,567 | ~2.0465% | ~$29,256 | +1.1% |
| 2026 | ~$1,473,584 | ~$1,473,584 | ~1.9977% | ~$29,437 | +4.2% |
| 2027 | ~$1,535,777 | ~$1,535,777 | ~1.9488% | ~$29,930 | +8.6% |
| 2028 | ~$1,600,594 | ~$1,600,594 | ~1.9000% | ~$30,412 | +13.2% |
| 2029 | ~$1,668,147 | ~$1,668,147 | ~1.8512% | ~$30,881 | +18.0% |
| 2030 | ~$1,738,551 | ~$1,738,551 | ~1.8024% | ~$31,335 | +23.0% |
In 2025, this property's market value of $1,413,910 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -0% 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 | $1,413,910 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,425,230 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,247,026 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,253,948 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,295,000 | $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.