3008 DAVIS LN TX 78745
| Owner | WESTGATE/DAVIS INC |
|---|---|
| Parcel ID | 0424231406 |
| Short ID | 942502 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 9,625 SF |
| Land SF | 86,444 SF |
| Acres | 1.984 |
| Year Built | 2021 |
| Legal | LOT 18B BLK F CHERRY CREEK SEC 9-D1 REPLAT LOT 18 BLK F |
| Neighborhood | 1SO2 |
| Land | $864,437 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $864,437 |
| Improvement | $2,457,555 |
|---|---|
| Total Improvement | $2,457,555 |
| Market | $3,321,992 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,321,992 |
| Value Limitation Adjustment (−) (homestead cap) | −$33,032 |
| Net Appraised (assessed) | $3,288,960 |
| Taxable Value | $3,288,960 |
|---|
Appreciation: Market value has risen +291.7% from $848,087 (2021) to $3,321,992 (2025), a CAGR of 40.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 +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 $67,308. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($3,288,960) is $33,032 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 26% of market value ($864,437 land vs $2,457,555 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,321,992, this parcel sits in the top quartile (≥75th 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 +31.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $13,320,559 by 2031, with an estimated annual tax burden around $101,969. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 9,625 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% | $30,429.46 | $30,429.46 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $17,234.71 | $17,234.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,361.39 | $12,361.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,881.73 | $3,881.73 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,400.78 | $3,400.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $67,308.07 | $67,308.07 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $30,429.46 | 45.2% |
| CAT City of Austin | 0.5240% | $17,234.71 | 25.6% |
| TCO Travis County | 0.3758% | $12,361.39 | 18.4% |
| THD Travis Central Health | 0.1180% | $3,881.73 | 5.8% |
| ACT Austin Community College | 0.1034% | $3,400.78 | 5.1% |
| Total | 2.0465% | $67,308.07 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,361,100 | $3,321,992 | +1.2% |
| Assessed Value | $3,361,100 | $3,288,960 | +2.2% |
| Land Value | $864,437 | $864,437 | +0.0% |
| Improvement Value | $2,496,663 | $2,457,555 | +1.6% |
| Taxable Value | $3,361,100 | $3,288,960 | +2.2% |
| Total Tax 2026 = estimate |
~$68,784
Estimated
|
~$67,308
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,361,100 | $864,437 | $2,496,663 | — | $3,361,100 | $3,361,100 | Not yet — post-cert | Preliminary |
| 2025 | $3,321,992 | $864,437 | $2,457,555 | −$33,032 | $3,288,960 | $3,288,960 | ~$67,308 | Partial |
| 2024 | $3,171,918 | $864,437 | $2,307,481 | −$431,118 | $2,740,800 | $2,740,800 | $54,318 | Verified |
| 2023 | $2,284,000 | $864,437 | $1,419,563 | — | $2,284,000 | $2,284,000 | $41,323 | Verified |
| 2022 | $607,985 | $388,997 | $218,988 | — | $607,985 | $607,985 | $12,007 | Verified |
| 2021 | $848,087 | $388,997 | $459,090 | — | $848,087 | $848,087 | $13,234 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.2% | +2.2% | ~100% | Not available | Partial |
| 2025 | +4.7% | +20.0% | 99.0% | Not available | Partial |
| 2024 | +38.9% | +20.0% | 86.4% | No billing data | Verified |
| 2023 | +275.7% ! | +275.7% | ~100% | No billing data | Verified |
| 2022 | -28.3% | -28.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +291.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.2% | +58.4% | +31.7% | +275.7% | 2023 | -28.3% | 2022 |
| Assessment Ratio | 100.0% | 97.6% | — | 100.0% | 2021 | 86.4% | 2024 |
| Effective Tax Rate (2025) | 2.0300% | 2.0300% | — | 2.0300% | 2025 | 2.0300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$67,308 | $37,638 | ~$87,699 | $67,308 | 2025 | $12,007 | 2022 |
Market value changed by 276% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$4,426,797 | ~$3,697,210 | ~2.0139% | ~$74,459 | +31.7% |
| 2028 | ~$5,830,393 | ~$4,066,931 | ~1.9814% | ~$80,582 | +73.5% |
| 2029 | ~$7,679,024 | ~$4,473,624 | ~1.9488% | ~$87,184 | +128.5% |
| 2030 | ~$10,113,798 | ~$4,920,987 | ~1.9163% | ~$94,300 | +200.9% |
| 2031 | ~$13,320,559 | ~$5,413,085 | ~1.8837% | ~$101,969 | +296.3% |
| 2027 | ~$4,359,575 | ~$3,697,210 | ~2.0465% | ~$75,663 | +29.7% |
| 2028 | ~$5,654,666 | ~$4,066,931 | ~2.0465% | ~$83,229 | +68.2% |
| 2029 | ~$7,334,486 | ~$4,473,624 | ~2.0465% | ~$91,552 | +118.2% |
| 2030 | ~$9,513,327 | ~$4,920,987 | ~2.0465% | ~$100,707 | +183.0% |
| 2031 | ~$12,339,433 | ~$5,413,085 | ~2.0465% | ~$110,778 | +267.1% |
| 2027 | ~$4,494,019 | ~$3,697,210 | ~1.9977% | ~$73,858 | +33.7% |
| 2028 | ~$6,008,810 | ~$4,066,931 | ~1.9488% | ~$79,258 | +78.8% |
| 2029 | ~$8,034,187 | ~$4,473,624 | ~1.9000% | ~$85,000 | +139.0% |
| 2030 | ~$10,742,255 | ~$4,920,987 | ~1.8512% | ~$91,097 | +219.6% |
| 2031 | ~$14,363,125 | ~$5,413,085 | ~1.8024% | ~$97,564 | +327.3% |
In 2025, this property's market value of $3,321,992 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — +140% above 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 | $3,321,992 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $3,171,918 | $647,500 | $1,401,787 | $3,362,090 | ↑ Above median | +0.0% |
| 2023 | $2,284,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Above median | +9.7% |
| 2022 | $607,985 | $535,964 | $1,190,250 | $2,842,216 | ↓ Below median | +3.3% |
| 2021 | $848,087 | $538,645 | $1,173,514 | $2,782,974 | ↓ Below median | 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 | — |