5307 AIRPORT BLVD TX 78751
| Owner | NJ AIRPORT PARTNERS LTD |
|---|---|
| Parcel ID | 0223120927 |
| Short ID | 221886 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 17,000 SF |
| Land SF | 42,275 SF |
| Acres | 0.971 |
| Year Built | 1972 |
| Legal | ROSENFIELD BROTHERS ADDN - |
| Neighborhood | 43CEN |
| Land | $2,959,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,959,250 |
| Improvement | $1,740,750 |
|---|---|
| Total Improvement | $1,740,750 |
| Market | $4,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,700,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$184,449 |
| Net Appraised (assessed) | $4,515,551 |
| Taxable Value | $4,515,551 |
|---|
Appreciation: Market value has risen +64.0% from $2,866,243 (2021) to $4,700,000 (2025), a CAGR of 13.2% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $92,410. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($4,515,551) is $184,449 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 63% of market value ($2,959,250 land vs $1,740,750 improvements), about $70/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $4,700,000, this parcel sits in the top quartile (≥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 +13.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,721,254 by 2030, with an estimated annual tax burden around $136,992. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 20,690 SF | ✗ |
| 1ST | 1st Floor | 17,000 SF | ✓ |
| 501 | CANOPY | 1,524 SF | ✗ |
| 611 | TERRACE | 1,524 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% | $41,777.88 | $41,777.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $23,662.25 | $23,662.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $16,971.47 | $16,971.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,329.39 | $5,329.39 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,669.08 | $4,669.08 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $92,410.07 | $92,410.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,500,000 | $4,700,000 | -25.5% |
| Assessed Value | $3,500,000 | $4,515,551 | -22.5% |
| Land Value | $2,959,250 | $2,959,250 | +0.0% |
| Improvement Value | $540,750 | $1,740,750 | -68.9% |
| Taxable Value | $3,500,000 | $4,515,551 | -22.5% |
| Total Tax 2026 = estimate |
~$71,627
Estimated
|
~$92,410
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,828,193 | $3,500,000 | -2,328,193 (-39.9%) |
| Taxable Value | $5,418,661 | $3,500,000 | -1,918,661 (-35.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,500,000 | $2,959,250 | $540,750 | — | $3,500,000 | $3,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,700,000 | $2,959,250 | $1,740,750 | −$184,449 | $4,515,551 | $4,515,551 | ~$92,410 | Partial |
| 2024 | $3,135,799 | — | — | −$176,549 | $2,959,250 | $— | $74,575 | Verified |
| 2023 | $2,655,742 | — | — | — | $2,959,250 ! | $— | $56,734 | Verified |
| 2022 | $2,581,138 | — | — | −$1,312,888 | $1,268,250 | $— | $52,449 | Verified |
| 2021 | $2,866,243 | — | — | −$1,597,993 | $1,268,250 | $— | $56,183 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +24.0% | +20.0% | 93.0% | Not available | Partial |
| 2025 | +4.4% | +20.0% | 96.1% | Not available | Partial |
| 2024 | +43.5% | +20.0% | 83.6% | 1.6600% | Verified |
| 2023 | +18.1% | +18.1% | ~100% | 1.8100% | Verified |
| 2022 | +2.9% | +2.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +82.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -25.5% | +7.1% | +20.9% | +49.9% | 2025 | -25.5% | 2026 |
| Assessment Ratio | 100.0% | 82.5% | — | 111.4% | 2023 | 44.2% | 2021 |
| Effective Tax Rate (2025) | 1.9700% | 1.9700% | — | 1.9700% | 2025 | 1.9700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$92,410 | $66,470 | ~$117,821 | $92,410 | 2025 | $52,449 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,318,560 | ~$4,967,106 | ~2.0139% | ~$100,034 | +13.2% |
| 2027 | ~$6,018,528 | ~$5,463,817 | ~1.9814% | ~$108,259 | +28.1% |
| 2028 | ~$6,810,618 | ~$6,010,198 | ~1.9488% | ~$117,129 | +44.9% |
| 2029 | ~$7,706,953 | ~$6,611,218 | ~1.9163% | ~$126,690 | +64.0% |
| 2030 | ~$8,721,254 | ~$7,272,340 | ~1.8837% | ~$136,992 | +85.6% |
| 2026 | ~$5,224,560 | ~$4,967,106 | ~2.0465% | ~$101,651 | +11.2% |
| 2027 | ~$5,807,666 | ~$5,463,817 | ~2.0465% | ~$111,816 | +23.6% |
| 2028 | ~$6,455,851 | ~$6,010,198 | ~2.0465% | ~$122,998 | +37.4% |
| 2029 | ~$7,176,379 | ~$6,611,218 | ~2.0465% | ~$135,298 | +52.7% |
| 2030 | ~$7,977,324 | ~$7,272,340 | ~2.0465% | ~$148,827 | +69.7% |
| 2026 | ~$5,412,560 | ~$4,967,106 | ~1.9977% | ~$99,226 | +15.2% |
| 2027 | ~$6,233,150 | ~$5,463,817 | ~1.9488% | ~$106,481 | +32.6% |
| 2028 | ~$7,178,149 | ~$6,010,198 | ~1.9000% | ~$114,195 | +52.7% |
| 2029 | ~$8,266,418 | ~$6,611,218 | ~1.8512% | ~$122,386 | +75.9% |
| 2030 | ~$9,519,677 | ~$7,272,340 | ~1.8024% | ~$131,075 | +102.5% |
In 2025, this property's market value of $4,700,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,700,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,135,799 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,655,742 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,581,138 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,866,243 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | 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.