5501 WASSON RD TX 78745
| Owner | WASSON REAL ESTATE HOLDINGS |
|---|---|
| Parcel ID | 0418050110 |
| Short ID | 329777 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 1,500 SF |
| Land SF | 19,000 SF |
| Acres | 0.436 |
| Year Built | 1976 |
| Legal | LOT 2 WASSON ROAD ADDN |
| Neighborhood | 83SOU |
| Land | $285,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $285,000 |
| Improvement | $99,520 |
|---|---|
| Total Improvement | $99,520 |
| Market | $384,520 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $384,520 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $384,520 |
| Taxable Value | $384,520 |
|---|
Appreciation: Market value has risen +120.9% from $174,101 (2021) to $384,520 (2025), a CAGR of 21.9% 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 $7,869. 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 74% of market value ($285,000 land vs $99,520 improvements), about $15/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 $384,520, this parcel sits in the bottom quartile (<25th 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 +21.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,035,300 by 2030, with an estimated annual tax burden around $11,666. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 1,600 SF | ✗ |
| 1ST | 1st Floor | 1,500 SF | ✓ |
| 571C | STORAGE DET COMM | 160 SF | ✓ |
Market value changed by 127% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $3,557.58 | $3,557.58 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,014.95 | $2,014.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,445.20 | $1,445.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $453.82 | $453.82 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $397.59 | $397.59 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $7,869.14 | $7,869.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $434,971 | $384,520 | +13.1% |
| Assessed Value | $434,971 | $384,520 | +13.1% |
| Land Value | $285,000 | $285,000 | +0.0% |
| Improvement Value | $149,971 | $99,520 | +50.7% |
| Taxable Value | $434,971 | $384,520 | +13.1% |
| Total Tax 2026 = estimate |
~$8,902
Estimated
|
~$7,869
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $434,971 | $434,971 | +0 (+0.0%) |
| Taxable Value | $434,971 | $434,971 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $434,971 | $285,000 | $149,971 | — | $434,971 | $434,971 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $384,520 | $285,000 | $99,520 | — | $384,520 | $384,520 | ~$7,869 | Partial |
| 2024 | $431,601 | — | — | −$146,601 | $285,000 | $— | $7,609 | Verified |
| 2023 | $189,914 | — | — | — | $285,000 ! | $— | $7,809 | Verified |
| 2022 | $174,529 | — | — | −$22,529 | $152,000 | $— | $3,751 | Verified |
| 2021 | $174,101 | — | — | −$22,101 | $152,000 | $— | $3,799 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.1% | +13.1% | ~100% | Not available | Partial |
| 2025 | +0.1% | +0.1% | ~100% | Not available | Partial |
| 2024 | -11.0% | -11.0% | ~100% | 1.9800% | Verified |
| 2023 | +127.3% ! | +127.3% | ~100% | 1.8100% | Verified |
| 2022 | +8.8% | +8.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +120.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.1% | +27.7% | +19.1% | +127.3% | 2024 | -10.9% | 2025 |
| Assessment Ratio | 100.0% | 98.4% | — | 150.1% | 2023 | 66.0% | 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 |
$7,869 | $6,167 | ~$10,033 | $7,869 | 2025 | $3,751 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$468,758 | ~$422,972 | ~2.0139% | ~$8,518 | +21.9% |
| 2027 | ~$571,449 | ~$465,269 | ~1.9814% | ~$9,219 | +48.6% |
| 2028 | ~$696,638 | ~$511,796 | ~1.9488% | ~$9,974 | +81.2% |
| 2029 | ~$849,252 | ~$562,976 | ~1.9163% | ~$10,788 | +120.9% |
| 2030 | ~$1,035,300 | ~$619,273 | ~1.8837% | ~$11,666 | +169.2% |
| 2026 | ~$461,067 | ~$422,972 | ~2.0465% | ~$8,656 | +19.9% |
| 2027 | ~$552,853 | ~$465,269 | ~2.0465% | ~$9,522 | +43.8% |
| 2028 | ~$662,911 | ~$511,796 | ~2.0465% | ~$10,474 | +72.4% |
| 2029 | ~$794,878 | ~$562,976 | ~2.0465% | ~$11,521 | +106.7% |
| 2030 | ~$953,116 | ~$619,273 | ~2.0465% | ~$12,673 | +147.9% |
| 2026 | ~$476,448 | ~$422,972 | ~1.9977% | ~$8,450 | +23.9% |
| 2027 | ~$590,353 | ~$465,269 | ~1.9488% | ~$9,067 | +53.5% |
| 2028 | ~$731,491 | ~$511,796 | ~1.9000% | ~$9,724 | +90.2% |
| 2029 | ~$906,370 | ~$562,976 | ~1.8512% | ~$10,422 | +135.7% |
| 2030 | ~$1,123,057 | ~$619,273 | ~1.8024% | ~$11,162 | +192.1% |
In 2025, this property's market value of $384,520 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -73% 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 | $384,520 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $431,601 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $189,914 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $174,529 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $174,101 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.