BANISTER LN TX 78704
| Owner | LUKES CORNER LLC |
|---|---|
| Parcel ID | 0406090263 |
| Short ID | 888613 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 5,856 SF |
| Acres | 0.134 |
| Year Built | — |
| Legal | LOT 1 LUKES CORNER SUBD |
| Neighborhood | K3000 |
| Land | $300,709 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $300,709 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $300,709 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $300,709 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $300,709 |
| Taxable Value | $300,709 |
|---|
Appreciation: Market value has risen +25.3% from $240,000 (2021) to $300,709 (2025), a CAGR of 5.8% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +283.7%, so this parcel has lagged the broader land/vacant 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 $6,154. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($300,709 land vs $0 improvements), about $51/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $300,709, this parcel sits in the upper-middle (50th–75th percentile) of Land/Vacant property in Travis County — county median $84,423 (P25 $24,862 / P75 $362,804, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +9.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $588,710 by 2031, with an estimated annual tax burden around $11,090. 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.
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% | $2,782.16 | $2,782.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,575.77 | $1,575.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,130.20 | $1,130.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $354.91 | $354.91 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $310.93 | $310.93 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,153.97 | $6,153.97 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $2,782.16 | 45.2% |
| CAT City of Austin | 0.5240% | $1,575.77 | 25.6% |
| TCO Travis County | 0.3758% | $1,130.20 | 18.4% |
| THD Travis Central Health | 0.1180% | $354.91 | 5.8% |
| ACT Austin Community College | 0.1034% | $310.93 | 5.1% |
| Total | 2.0465% | $6,153.97 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $375,886 | $300,709 | +25.0% |
| Assessed Value | $360,851 | $300,709 | +20.0% |
| Land Value | $375,886 | $300,709 | +25.0% |
| Improvement Value | — | — | — |
| Taxable Value | $360,851 | $300,709 | +20.0% |
| HS Cap Loss | -$15,035 | — | |
| Total Tax 2026 = estimate |
~$7,385
Estimated
|
~$6,154
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $375,886 | $375,886 | — | −$15,035 | $360,851 | $360,851 | Not yet — post-cert | Preliminary |
| 2025 | $300,709 | $300,709 | — | — | $300,709 | $300,709 | ~$6,154 | Partial |
| 2024 | $360,040 | $400,000 | — | — | $360,040 | $360,040 | $7,135 | Verified |
| 2023 | $360,040 | $400,000 | — | — | $360,040 | $360,040 | $6,514 | Verified |
| 2022 | $340,880 | $400,000 | — | — | $340,880 | $340,880 | $6,732 | Verified |
| 2021 | $240,000 | $240,000 | — | — | $240,000 | $240,000 | $5,224 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +25.0% | +20.0% | 96.0% | Not available | Partial |
| 2025 | -16.5% | -16.5% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +5.6% | +5.6% | ~100% | No billing data | Verified |
| 2022 | +42.0% | +42.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +25.0% | +11.2% | +9.4% | +42.0% | 2022 | -16.5% | 2025 |
| Assessment Ratio | 96.0% | 99.3% | — | 100.0% | 2021 | 96.0% | 2026 |
| 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 |
$6,154 | $6,352 | ~$9,637 | $7,135 | 2024 | $5,224 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$411,174 | ~$411,174 | ~2.0139% | ~$8,281 | +9.4% |
| 2028 | ~$449,774 | ~$449,774 | ~1.9814% | ~$8,912 | +19.7% |
| 2029 | ~$491,998 | ~$491,998 | ~1.9488% | ~$9,588 | +30.9% |
| 2030 | ~$538,186 | ~$538,186 | ~1.9163% | ~$10,313 | +43.2% |
| 2031 | ~$588,710 | ~$588,710 | ~1.8837% | ~$11,090 | +56.6% |
| 2027 | ~$403,656 | ~$403,656 | ~2.0465% | ~$8,261 | +7.4% |
| 2028 | ~$433,477 | ~$433,477 | ~2.0465% | ~$8,871 | +15.3% |
| 2029 | ~$465,502 | ~$465,502 | ~2.0465% | ~$9,526 | +23.8% |
| 2030 | ~$499,892 | ~$499,892 | ~2.0465% | ~$10,230 | +33.0% |
| 2031 | ~$536,823 | ~$536,823 | ~2.0465% | ~$10,986 | +42.8% |
| 2027 | ~$418,691 | ~$418,691 | ~1.9977% | ~$8,364 | +11.4% |
| 2028 | ~$466,371 | ~$466,371 | ~1.9488% | ~$9,089 | +24.1% |
| 2029 | ~$519,481 | ~$519,481 | ~1.9000% | ~$9,870 | +38.2% |
| 2030 | ~$578,638 | ~$578,638 | ~1.8512% | ~$10,712 | +53.9% |
| 2031 | ~$644,532 | ~$644,532 | ~1.8024% | ~$11,617 | +71.5% |
In 2025, this property's market value of $300,709 places it in the 50th–75th percentile for Land/Vacant properties in Travis County (35611 comparable) — 4× the county median of $84,423. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $300,709 | $24,862 | $84,423 | $362,804 | ↑ Above median | +2.1% |
| 2024 | $360,040 | $23,000 | $66,000 | $328,966 | ↑ Top 25% | +0.0% |
| 2023 | $360,040 | $24,692 | $71,500 | $270,000 | ↑ Top 25% | +0.0% |
| 2022 | $340,880 | $15,000 | $55,000 | $180,000 | ↑ Top 25% | +100.0% |
| 2021 | $240,000 | $8,000 | $22,000 | $81,900 | ↑ Top 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 | — |