5119 BURNET RD TX 78756
| Owner | CMG PARTNERSHIP LTD |
|---|---|
| Parcel ID | 0226040230 |
| Short ID | 226333 |
| Type | Real |
| Use Code | 33 Fast Food Restaurant |
| Valuation | Income |
| Improvement SF | 1,435 SF |
| Land SF | 11,201 SF |
| Acres | 0.257 |
| Year Built | 1966 |
| Legal | LOT 8-9 BLK 10 SMITH A F |
| Neighborhood | 33CEN |
| Land | $1,176,105 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,176,105 |
| Improvement | $40,265 |
|---|---|
| Total Improvement | $40,265 |
| Market | $1,216,370 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,216,370 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,216,370 |
| Taxable Value | $1,216,370 |
|---|
Appreciation: Market value has risen +4.3% from $1,166,000 (2021) to $1,216,370 (2025), a CAGR of 1.1% over 4 years. Growth has been relatively flat for this asset class. 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 +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 $24,893. 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 97% of market value ($1,176,105 land vs $40,265 improvements), about $105/SF of land. With value concentrated in the land under a ~60-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $1,216,370, this parcel sits in the lower-middle (25th–50th 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 +1.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,282,403 by 2030, with an estimated annual tax burden around $24,157. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,000 SF | ✗ |
| 1ST | 1st Floor | 1,435 SF | ✓ |
| 611 | TERRACE | 1,024 SF | ✗ |
| 501 | CANOPY | 912 SF | ✗ |
| 541 | FENCE COMM LF | 39 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% | $11,253.86 | $11,253.86 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,373.99 | $6,373.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,571.67 | $4,571.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,435.60 | $1,435.60 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,257.73 | $1,257.73 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,892.85 | $24,892.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,216,370 | $1,216,370 | +0.0% |
| Assessed Value | $1,216,370 | $1,216,370 | +0.0% |
| Land Value | $1,176,105 | $1,176,105 | +0.0% |
| Improvement Value | $40,265 | $40,265 | +0.0% |
| Taxable Value | $1,216,370 | $1,216,370 | +0.0% |
| Total Tax 2026 = estimate |
~$24,893
Estimated
|
~$24,893
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,218,786 | $1,216,370 | -2,416 (-0.2%) |
| Taxable Value | $1,218,786 | $1,216,370 | -2,416 (-0.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,216,370 | $1,176,105 | $40,265 | — | $1,216,370 | $1,216,370 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,216,370 | $1,176,105 | $40,265 | — | $1,216,370 | $1,216,370 | ~$24,893 | Partial |
| 2024 | $1,288,245 | — | — | −$112,140 | $1,176,105 | $— | $25,451 | Verified |
| 2023 | $1,236,349 | — | — | −$60,244 | $1,176,105 | $— | $23,308 | Verified |
| 2022 | $1,128,800 | — | — | — | $1,176,105 ! | $— | $24,417 | Verified |
| 2021 | $1,166,000 | — | — | −$213,915 | $952,085 | $— | $24,570 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | -5.3% | -5.3% | ~100% | Not available | Partial |
| 2024 | -0.3% | -0.3% | ~100% | 1.9800% | Verified |
| 2023 | +4.2% | +4.2% | ~100% | 1.8100% | Verified |
| 2022 | +9.5% | +9.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +7.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +1.0% | +1.1% | +9.5% | 2023 | -5.6% | 2025 |
| Assessment Ratio | 100.0% | 95.4% | — | 104.2% | 2022 | 81.7% | 2021 |
| 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 |
$24,893 | $24,528 | ~$24,463 | $25,451 | 2024 | $23,308 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,229,299 | ~$1,229,299 | ~2.0139% | ~$24,757 | +1.1% |
| 2027 | ~$1,242,365 | ~$1,242,365 | ~1.9814% | ~$24,616 | +2.1% |
| 2028 | ~$1,255,570 | ~$1,255,570 | ~1.9488% | ~$24,469 | +3.2% |
| 2029 | ~$1,268,916 | ~$1,268,916 | ~1.9163% | ~$24,316 | +4.3% |
| 2030 | ~$1,282,403 | ~$1,282,403 | ~1.8837% | ~$24,157 | +5.4% |
| 2026 | ~$1,204,971 | ~$1,204,971 | ~2.0465% | ~$24,660 | -0.9% |
| 2027 | ~$1,193,680 | ~$1,193,680 | ~2.0465% | ~$24,428 | -1.9% |
| 2028 | ~$1,182,494 | ~$1,182,494 | ~2.0465% | ~$24,200 | -2.8% |
| 2029 | ~$1,171,413 | ~$1,171,413 | ~2.0465% | ~$23,973 | -3.7% |
| 2030 | ~$1,160,436 | ~$1,160,436 | ~2.0465% | ~$23,748 | -4.6% |
| 2026 | ~$1,253,626 | ~$1,253,626 | ~1.9977% | ~$25,043 | +3.1% |
| 2027 | ~$1,292,024 | ~$1,292,024 | ~1.9488% | ~$25,179 | +6.2% |
| 2028 | ~$1,331,597 | ~$1,331,597 | ~1.9000% | ~$25,301 | +9.5% |
| 2029 | ~$1,372,383 | ~$1,372,383 | ~1.8512% | ~$25,405 | +12.8% |
| 2030 | ~$1,414,418 | ~$1,414,418 | ~1.8024% | ~$25,493 | +16.3% |
In 2025, this property's market value of $1,216,370 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -14% below 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 | $1,216,370 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,288,245 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $1,236,349 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $1,128,800 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $1,166,000 | $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.