3424 GREYSTONE DR TX 78731
| Owner | GREYSTONE DRIVE PROPERTY LLC |
|---|---|
| Parcel ID | 0239010304 |
| Short ID | 242227 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 3,810 SF |
| Land SF | 14,227 SF |
| Acres | 0.327 |
| Year Built | 1973 |
| Legal | LOT A SHADOW PARK SEC 1-A |
| Neighborhood | 48NWE |
| Land | $284,540 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $284,540 |
| Improvement | $503,518 |
|---|---|
| Total Improvement | $503,518 |
| Market | $788,058 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $788,058 |
| Value Limitation Adjustment (−) (homestead cap) | −$19,510 |
| Net Appraised (assessed) | $768,548 |
| Taxable Value | $768,548 |
|---|
Appreciation: Market value has risen +65.9% from $475,092 (2021) to $788,058 (2025), a CAGR of 13.5% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Commercial parcel countywide rose +17.8%, 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 $15,728. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($768,548) is $19,510 below market value, suggesting potential for an upward assessment in future years.
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 36% of market value ($284,540 land vs $503,518 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $788,058, this parcel sits in the lower-middle (25th–50th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). 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 +7.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $937,345 by 2031, with an estimated annual tax burden around $17,657. 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 | 6,280 SF | ✗ |
| 1ST | 1st Floor | 3,810 SF | ✓ |
| 501 | CANOPY | 688 SF | ✗ |
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.
| 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% | $7,110.61 | $7,110.61 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,027.32 | $4,027.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,888.55 | $2,888.55 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $907.06 | $907.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $794.68 | $794.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,728.22 | $15,728.22 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $7,110.61 | 45.2% |
| CAT City of Austin | 0.5240% | $4,027.32 | 25.6% |
| TCO Travis County | 0.3758% | $2,888.55 | 18.4% |
| THD Travis Central Health | 0.1180% | $907.06 | 5.8% |
| ACT Austin Community College | 0.1034% | $794.68 | 5.1% |
| Total | 2.0465% | $15,728.22 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $667,327 | $788,058 | -15.3% |
| Assessed Value | $667,327 | $768,548 | -13.2% |
| Land Value | $284,540 | $284,540 | +0.0% |
| Improvement Value | $382,787 | $503,518 | -24.0% |
| Taxable Value | $667,327 | $768,548 | -13.2% |
| Total Tax 2026 = estimate |
~$13,657
Estimated
|
~$15,728
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $667,327 | $284,540 | $382,787 | — | $667,327 | $667,327 | Not yet — post-cert | Preliminary |
| 2025 | $788,058 | $284,540 | $503,518 | −$19,510 | $768,548 | $768,548 | ~$15,728 | Partial |
| 2024 | $640,457 | $284,540 | $355,917 | — | $640,457 | $640,457 | $12,693 | Verified |
| 2023 | $647,317 | $284,540 | $362,777 | — | $647,317 | $647,317 | $11,712 | Verified |
| 2022 | $546,227 | $284,540 | $261,687 | — | $546,227 | $546,227 | $10,788 | Verified |
| 2021 | $475,092 | $213,405 | $261,687 | — | $475,092 | $475,092 | $10,341 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -15.3% | -13.2% | ~100% | Not available | Partial |
| 2025 | +23.0% | +20.0% | 97.5% | Not available | Partial |
| 2024 | -1.1% | -1.1% | ~100% | No billing data | Verified |
| 2023 | +18.5% | +18.5% | ~100% | No billing data | Verified |
| 2022 | +15.0% | +15.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +65.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.3% | +8.0% | +7.0% | +23.0% | 2025 | -15.3% | 2026 |
| Assessment Ratio | 100.0% | 99.6% | — | 100.0% | 2021 | 97.5% | 2025 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$15,728 | $12,252 | ~$15,983 | $15,728 | 2025 | $10,341 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$714,251 | ~$714,251 | ~2.0139% | ~$14,385 | +7.0% |
| 2028 | ~$764,475 | ~$764,475 | ~1.9814% | ~$15,147 | +14.6% |
| 2029 | ~$818,230 | ~$818,230 | ~1.9488% | ~$15,946 | +22.6% |
| 2030 | ~$875,765 | ~$875,765 | ~1.9163% | ~$16,782 | +31.2% |
| 2031 | ~$937,345 | ~$937,345 | ~1.8837% | ~$17,657 | +40.5% |
| 2027 | ~$700,905 | ~$700,905 | ~2.0465% | ~$14,344 | +5.0% |
| 2028 | ~$736,172 | ~$736,172 | ~2.0465% | ~$15,066 | +10.3% |
| 2029 | ~$773,213 | ~$773,213 | ~2.0465% | ~$15,824 | +15.9% |
| 2030 | ~$812,118 | ~$812,118 | ~2.0465% | ~$16,620 | +21.7% |
| 2031 | ~$852,981 | ~$852,981 | ~2.0465% | ~$17,456 | +27.8% |
| 2027 | ~$727,598 | ~$727,598 | ~1.9977% | ~$14,535 | +9.0% |
| 2028 | ~$793,312 | ~$793,312 | ~1.9488% | ~$15,460 | +18.9% |
| 2029 | ~$864,961 | ~$864,961 | ~1.9000% | ~$16,434 | +29.6% |
| 2030 | ~$943,081 | ~$943,081 | ~1.8512% | ~$17,458 | +41.3% |
| 2031 | ~$1,028,257 | ~$1,028,257 | ~1.8024% | ~$18,533 | +54.1% |
In 2025, this property's market value of $788,058 places it in the 25th–50th percentile for Commercial properties in Travis County (13595 comparable) — -43% below the county median of $1,382,921. 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 | $788,058 | $632,506 | $1,382,921 | $3,258,143 | ↓ Below median | -0.8% |
| 2024 | $640,457 | $647,500 | $1,401,787 | $3,362,090 | ↓ Bottom 25% | +0.0% |
| 2023 | $647,317 | $651,680 | $1,383,015 | $3,277,245 | ↓ Bottom 25% | +9.7% |
| 2022 | $546,227 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $475,092 | $538,645 | $1,173,514 | $2,782,974 | ↓ Bottom 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |