5407 PARKCREST DR TX 78731
| Owner | MAJROCK LLC |
|---|---|
| Parcel ID | 0131030802 |
| Short ID | 126372 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 8,686 SF |
| Land SF | 10,685 SF |
| Acres | 0.245 |
| Year Built | 1987 |
| Legal | LOT 1-B RESUB OF LOT 1 MCCARTY TRIANGLE |
| Neighborhood | 53CEN |
| Land | $320,550 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $320,550 |
| Improvement | $1,815,751 |
|---|---|
| Total Improvement | $1,815,751 |
| Market | $2,136,301 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,136,301 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,136,301 |
| Taxable Value | $2,136,301 |
|---|
Appreciation: Market value has fallen -12.4% from $2,438,900 (2021) to $2,136,301 (2025), a CAGR of -3.3% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $43,719. Austin ISD is the largest single contributor, at 45.2% 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 15% of market value ($320,550 land vs $1,815,751 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~39 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,136,301, this parcel sits in the upper-middle (50th–75th 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 -3.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,810,289 by 2030, with an estimated annual tax burden around $34,101. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 8,686 SF | ✗ |
| 551 | PAVED AREA | 4,940 SF | ✗ |
| 487 | PARKING UNDER | 4,876 SF | ✓ |
| 2ND | 2nd Floor | 3,378 SF | ✓ |
| 1ST | 1st Floor | 3,136 SF | ✓ |
| 3RD | 3rd Floor | 2,171 SF | ✓ |
| 611 | TERRACE | 1,287 SF | ✗ |
| 581C | STORAGE ATT COMM | 608 SF | ✓ |
| 501 | CANOPY | 242 SF | ✗ |
| 276 | ELEVATOR COM PAS | 1 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $19,765.06 | $19,765.06 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,194.58 | $11,194.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,029.18 | $8,029.18 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,521.33 | $2,521.33 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,208.94 | $2,208.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $43,719.09 | $43,719.09 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,263,030 | $2,136,301 | +52.7% |
| Assessed Value | $2,563,561 | $2,136,301 | +20.0% |
| Land Value | $320,550 | $320,550 | +0.0% |
| Improvement Value | $2,942,480 | $1,815,751 | +62.1% |
| Taxable Value | $2,563,561 | $2,136,301 | +20.0% |
| HS Cap Loss | -$699,469 | — | |
| Total Tax 2026 = estimate |
~$52,463
Estimated
|
~$43,719
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,263,030 | $3,263,030 | +0 (+0.0%) |
| Taxable Value | $2,563,561 | $2,563,561 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,263,030 | $320,550 | $2,942,480 | −$699,469 | $2,563,561 | $2,563,561 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,136,301 | $320,550 | $1,815,751 | — | $2,136,301 | $2,136,301 | ~$43,719 | Partial |
| 2024 | $3,870,856 | — | — | −$3,550,306 | $320,550 | $— | $46,977 | Verified |
| 2023 | $3,430,387 | — | — | −$3,109,837 | $320,550 | $— | $70,033 | Verified |
| 2022 | $3,072,729 | — | — | −$2,698,754 | $373,975 | $— | $67,748 | Verified |
| 2021 | $2,438,900 | — | — | −$2,064,925 | $373,975 | $— | $66,883 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +52.7% | +20.0% | 78.6% | Not available | Partial |
| 2025 | -9.9% | -9.9% | ~100% | Not available | Partial |
| 2024 | -38.8% | -38.8% | ~100% | 1.9800% | Verified |
| 2023 | +12.8% | +12.8% | ~100% | 1.8100% | Verified |
| 2022 | +11.6% | +11.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.7400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -30.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +52.7% | +11.7% | -9.9% | +52.7% | 2026 | -44.8% | 2025 |
| Assessment Ratio | 78.6% | 37.3% | — | 100.0% | 2025 | 8.3% | 2024 |
| 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 |
$43,719 | $59,072 | ~$37,779 | $70,033 | 2023 | $43,719 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,066,710 | ~$2,066,710 | ~2.0139% | ~$41,622 | -3.3% |
| 2027 | ~$1,999,386 | ~$1,999,386 | ~1.9814% | ~$39,616 | -6.4% |
| 2028 | ~$1,934,255 | ~$1,934,255 | ~1.9488% | ~$37,696 | -9.5% |
| 2029 | ~$1,871,246 | ~$1,871,246 | ~1.9163% | ~$35,859 | -12.4% |
| 2030 | ~$1,810,289 | ~$1,810,289 | ~1.8837% | ~$34,101 | -15.3% |
| 2026 | ~$2,029,486 | ~$2,029,486 | ~2.0465% | ~$41,533 | -5.0% |
| 2027 | ~$1,928,012 | ~$1,928,012 | ~2.0465% | ~$39,456 | -9.7% |
| 2028 | ~$1,831,611 | ~$1,831,611 | ~2.0465% | ~$37,484 | -14.3% |
| 2029 | ~$1,740,031 | ~$1,740,031 | ~2.0465% | ~$35,609 | -18.5% |
| 2030 | ~$1,653,029 | ~$1,653,029 | ~2.0465% | ~$33,829 | -22.6% |
| 2026 | ~$2,109,436 | ~$2,109,436 | ~1.9977% | ~$42,139 | -1.3% |
| 2027 | ~$2,082,909 | ~$2,082,909 | ~1.9488% | ~$40,593 | -2.5% |
| 2028 | ~$2,056,716 | ~$2,056,716 | ~1.9000% | ~$39,078 | -3.7% |
| 2029 | ~$2,030,851 | ~$2,030,851 | ~1.8512% | ~$37,595 | -4.9% |
| 2030 | ~$2,005,313 | ~$2,005,313 | ~1.8024% | ~$36,143 | -6.1% |
In 2025, this property's market value of $2,136,301 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +51% above 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 | $2,136,301 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,870,856 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,430,387 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,072,729 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $2,438,900 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above 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.