5405 WASSON RD TX 78745
| Owner | WESTPORT AUSTIN WASSON |
|---|---|
| Parcel ID | 0418050112 |
| Short ID | 329779 |
| Type | Real |
| Use Code | 63 Mini-Warehouse / Self-Storage |
| Valuation | Income |
| Improvement SF | 56,000 SF |
| Land SF | 298,386 SF |
| Acres | 6.850 |
| Year Built | 1999 |
| Legal | LOT 1 BLK A STASSNEY VENTURE SUBD |
| Neighborhood | 63SOU |
| Land | $4,028,211 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,028,211 |
| Improvement | $2,218,789 |
|---|---|
| Total Improvement | $2,218,789 |
| Market | $6,247,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,247,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,247,000 |
| Taxable Value | $6,247,000 |
|---|
Appreciation: Market value has risen +10.5% from $5,654,153 (2021) to $6,247,000 (2025), a CAGR of 2.5% 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 $127,844. 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 64% of market value ($4,028,211 land vs $2,218,789 improvements), about $14/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $6,247,000, this parcel sits in the top quartile (≥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 +2.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,076,222 by 2030, with an estimated annual tax burden around $133,298. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 56,000 SF | ✓ |
| 551 | PAVED AREA | 47,700 SF | ✗ |
| 093 | HVAC COMMRCL SF | 35,945 SF | ✗ |
| 541 | FENCE COMM LF | 1,080 SF | ✗ |
| 611 | TERRACE | 464 SF | ✗ |
| 881 | COMMCL FINISHOUT | 360 SF | ✓ |
| 435 | FENCE IRON LF | 205 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% | $57,797.24 | $57,797.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $32,735.34 | $32,735.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $23,479.04 | $23,479.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,372.90 | $7,372.90 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,459.40 | $6,459.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $127,843.92 | $127,843.92 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,354,000 | $6,247,000 | +1.7% |
| Assessed Value | $6,354,000 | $6,247,000 | +1.7% |
| Land Value | $4,028,211 | $4,028,211 | +0.0% |
| Improvement Value | $2,325,789 | $2,218,789 | +4.8% |
| Taxable Value | $6,354,000 | $6,247,000 | +1.7% |
| Total Tax 2026 = estimate |
~$130,034
Estimated
|
~$127,844
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,354,000 | $6,354,000 | +0 (+0.0%) |
| Taxable Value | $6,354,000 | $6,354,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,354,000 | $4,028,211 | $2,325,789 | — | $6,354,000 | $6,354,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,247,000 | $4,028,211 | $2,218,789 | — | $6,247,000 | $6,247,000 | ~$127,844 | Partial |
| 2024 | $6,191,549 | — | — | −$2,163,338 | $4,028,211 | $— | $126,836 | Verified |
| 2023 | $5,823,183 | — | — | −$1,794,972 | $4,028,211 | $— | $112,020 | Verified |
| 2022 | $5,654,153 | — | — | −$3,505,774 | $2,148,379 | $— | $115,003 | Verified |
| 2021 | $5,654,153 | — | — | −$3,505,774 | $2,148,379 | $— | $123,073 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.7% | +1.7% | ~100% | Not available | Partial |
| 2025 | -12.2% | -12.2% | ~100% | Not available | Partial |
| 2024 | +14.9% | +14.9% | ~100% | 1.7800% | Verified |
| 2023 | +6.3% | +6.3% | ~100% | 1.8100% | Verified |
| 2022 | +3.0% | +3.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +10.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.7% | +2.4% | +2.2% | +6.3% | 2024 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 68.4% | — | 100.0% | 2025 | 38.0% | 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 |
$127,844 | $120,955 | ~$131,170 | $127,844 | 2025 | $112,020 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,404,681 | ~$6,404,681 | ~2.0139% | ~$128,986 | +2.5% |
| 2027 | ~$6,566,342 | ~$6,566,342 | ~1.9814% | ~$130,105 | +5.1% |
| 2028 | ~$6,732,083 | ~$6,732,083 | ~1.9488% | ~$131,197 | +7.8% |
| 2029 | ~$6,902,008 | ~$6,902,008 | ~1.9163% | ~$132,263 | +10.5% |
| 2030 | ~$7,076,222 | ~$7,076,222 | ~1.8837% | ~$133,298 | +13.3% |
| 2026 | ~$6,279,741 | ~$6,279,741 | ~2.0465% | ~$128,514 | +0.5% |
| 2027 | ~$6,312,653 | ~$6,312,653 | ~2.0465% | ~$129,187 | +1.1% |
| 2028 | ~$6,345,738 | ~$6,345,738 | ~2.0465% | ~$129,865 | +1.6% |
| 2029 | ~$6,378,997 | ~$6,378,997 | ~2.0465% | ~$130,545 | +2.1% |
| 2030 | ~$6,412,429 | ~$6,412,429 | ~2.0465% | ~$131,229 | +2.6% |
| 2026 | ~$6,529,621 | ~$6,529,621 | ~1.9977% | ~$130,440 | +4.5% |
| 2027 | ~$6,825,028 | ~$6,825,028 | ~1.9488% | ~$133,009 | +9.3% |
| 2028 | ~$7,133,799 | ~$7,133,799 | ~1.9000% | ~$135,543 | +14.2% |
| 2029 | ~$7,456,540 | ~$7,456,540 | ~1.8512% | ~$138,035 | +19.4% |
| 2030 | ~$7,793,881 | ~$7,793,881 | ~1.8024% | ~$140,475 | +24.8% |
In 2025, this property's market value of $6,247,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $6,247,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,191,549 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,823,183 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $5,654,153 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $5,654,153 | $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.