Iridium(III) complexes containing a bidentate spectator ligand have emerged as powerful catalyst precursors for water oxidation. Here we investigate the initial steps of transformation at the iridium center when using complex [IrCp*(pyr-trz)Cl] 1 (Cp* = pentamethylcyclopentadienyl, pyr-trz = 4-(2-pyridyl-)1,2,3-triazol-5-ylidene), a potent water oxidation catalyst precursor. Ligand exchange with water is facile and is reversed in the presence of chloride solutions, while MeCN substitution is only effective from the corresponding aqua complex. A pK a = 8.3 of the aqua complex was determined, which is in agreement with strong electron donation from the triazolylidene ligand that is comparable to aryl anions. Evaluation of the pH-dependent oxidation process in aqueous media reveals two regimes, between pH 4-8.5 and above 10.5, where proton-coupled electron transfer processes are occurring. These investigations will help to further optimize water oxidation catalysts and indicate that MeCN as a co-solvent has adverse effects for initiating water coordination in the oxidation process.3