1011 MEREDITH DR TX 78703
| Owner | MEREDITH DRIVE AUSTIN HOLDINGS LLC |
|---|---|
| Parcel ID | 0443230205 |
| Short ID | 351080 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 9,425 SF |
| Land SF | 28,706 SF |
| Acres | 0.659 |
| Year Built | 1985 |
| Legal | W PT OF LOT 5-6 BLK 14 MATTHEWS A G ADDN PLUS PT VAC ST BLK 14&18 |
| Neighborhood | 53SOU |
| Land | $229,648 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $229,648 |
| Improvement | $1,045,352 |
|---|---|
| Total Improvement | $1,045,352 |
| Market | $1,275,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,275,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,275,000 |
| Taxable Value | $1,275,000 |
|---|
Appreciation: Market value has risen +21.4% from $1,050,000 (2021) to $1,275,000 (2025), a CAGR of 5.0% over 4 years. This represents moderate, steady growth. 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 1.6225% in 2025 (+0.0183% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $20,686. Austin ISD is the largest single contributor, at 57.0% 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 18% of market value ($229,648 land vs $1,045,352 improvements), about $8/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,275,000, 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 +5.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,625,217 by 2030, with an estimated annual tax burden around $24,069. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 9,425 SF | ✓ |
| 551 | PAVED AREA | 7,200 SF | ✗ |
| 487 | PARKING UNDER | 1,600 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,286 SF | ✗ |
| 541 | FENCE COMM LF | 320 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 108 SF | ✗ |
| 581C | STORAGE ATT COMM | 96 SF | ✓ |
| 501 | CANOPY | 21 SF | ✗ |
| 251 | BATHROOM | 1 SF | ✓ |
Market value changed by 82% 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% | $11,796.30 | $11,796.30 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,792.02 | $4,792.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,504.79 | $1,504.79 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,318.35 | $1,318.35 | Paid |
| E05 Travis County ESD # 05 | 0.1000% | 0.1000% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $1,275.00 | $1,275.00 | Paid |
| Combined Rate | 1.7357% | 1.6122% | 1.4634% | 1.6042% | 1.6225% | +0.0183% | $20,686.46 | $20,686.46 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,812,675 | $1,275,000 | +42.2% |
| Assessed Value | $1,530,000 | $1,275,000 | +20.0% |
| Land Value | $229,648 | $229,648 | +0.0% |
| Improvement Value | $1,583,027 | $1,045,352 | +51.4% |
| Taxable Value | $1,530,000 | $1,275,000 | +20.0% |
| HS Cap Loss | -$282,675 | — | |
| Total Tax 2026 = estimate |
~$24,824
Estimated
|
~$20,686
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,991,950 | $1,812,675 | -179,275 (-9.0%) |
| Taxable Value | $1,530,000 | $1,530,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,812,675 | $229,648 | $1,583,027 | −$282,675 | $1,530,000 | $1,530,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,275,000 | $229,648 | $1,045,352 | — | $1,275,000 | $1,275,000 | ~$20,686 | Partial |
| 2024 | $1,786,041 | — | — | −$1,680,729 | $105,312 | $— | $28,652 | Verified |
| 2023 | $1,355,000 | — | — | −$1,276,016 | $78,984 | $— | $26,138 | Verified |
| 2022 | $1,232,000 | — | — | −$1,153,016 | $78,984 | $— | $21,846 | Verified |
| 2021 | $1,050,000 | — | — | −$997,344 | $52,656 | $— | $21,560 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +56.2% | +20.0% | 76.8% | Not available | Partial |
| 2025 | -69.1% | -40.5% | ~100% | Not available | Partial |
| 2024 | +67.8% | -12.9% | 51.9% | 0.6900% | Verified |
| 2023 | +81.5% ! | +81.5% | ~100% | 1.0600% | Verified |
| 2022 | -3.2% | -3.2% | ~100% | 1.6100% | Verified |
| 2021 | base year | — | ~100% | 2.0500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -8.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +42.2% | +14.5% | -1.3% | +42.2% | 2026 | -28.6% | 2025 |
| Assessment Ratio | 84.4% | 34.6% | — | 100.0% | 2025 | 5.0% | 2021 |
| Effective Tax Rate (2025) | 1.6200% | 1.6200% | — | 1.6200% | 2025 | 1.6200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$20,686 | $23,776 | ~$22,690 | $28,652 | 2024 | $20,686 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,338,414 | ~$1,338,414 | ~1.5942% | ~$21,337 | +5.0% |
| 2027 | ~$1,404,982 | ~$1,404,982 | ~1.5659% | ~$22,000 | +10.2% |
| 2028 | ~$1,474,860 | ~$1,474,860 | ~1.5376% | ~$22,677 | +15.7% |
| 2029 | ~$1,548,214 | ~$1,548,214 | ~1.5093% | ~$23,367 | +21.4% |
| 2030 | ~$1,625,217 | ~$1,625,217 | ~1.4810% | ~$24,069 | +27.5% |
| 2026 | ~$1,312,914 | ~$1,312,914 | ~1.6225% | ~$21,302 | +3.0% |
| 2027 | ~$1,351,955 | ~$1,351,955 | ~1.6225% | ~$21,935 | +6.0% |
| 2028 | ~$1,392,157 | ~$1,392,157 | ~1.6225% | ~$22,587 | +9.2% |
| 2029 | ~$1,433,555 | ~$1,433,555 | ~1.6225% | ~$23,259 | +12.4% |
| 2030 | ~$1,476,183 | ~$1,476,183 | ~1.6225% | ~$23,951 | +15.8% |
| 2026 | ~$1,363,914 | ~$1,363,914 | ~1.5800% | ~$21,550 | +7.0% |
| 2027 | ~$1,459,028 | ~$1,459,028 | ~1.5376% | ~$22,433 | +14.4% |
| 2028 | ~$1,560,775 | ~$1,560,775 | ~1.4951% | ~$23,335 | +22.4% |
| 2029 | ~$1,669,618 | ~$1,669,618 | ~1.4527% | ~$24,254 | +31.0% |
| 2030 | ~$1,786,051 | ~$1,786,051 | ~1.4102% | ~$25,187 | +40.1% |
In 2025, this property's market value of $1,275,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -10% 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 | $1,275,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,786,041 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,355,000 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,232,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,050,000 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.