5118 BURNET RD TX 78756
| Owner | BARK ATX 5118 LLC |
|---|---|
| Parcel ID | 0227030511 |
| Short ID | 227649 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 4,500 SF |
| Land SF | 17,999 SF |
| Acres | 0.413 |
| Year Built | 1954 |
| Legal | LOT 9 BLK 10 ROSEDOWN |
| Neighborhood | 53CEN |
| Land | $1,889,894 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,889,894 |
| Improvement | $132,035 |
|---|---|
| Total Improvement | $132,035 |
| Market | $2,021,929 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,021,929 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,021,929 |
| Taxable Value | $2,021,929 |
|---|
Appreciation: Market value has risen +154.1% from $795,600 (2021) to $2,021,929 (2025), a CAGR of 26.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $41,378. 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 93% of market value ($1,889,894 land vs $132,035 improvements), about $105/SF of land. With value concentrated in the land under a ~72-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 $2,021,929, 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 +26.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,487,910 by 2030, with an estimated annual tax burden around $61,341. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 4,500 SF | ✓ |
| 551 | PAVED AREA | 3,700 SF | ✗ |
| 611 | TERRACE | 1,520 SF | ✗ |
| 501 | CANOPY | 480 SF | ✗ |
| 327 | STORAGE COMM'L | 200 SF | ✓ |
Market value changed by 91% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $18,706.89 | $18,706.89 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,595.25 | $10,595.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,599.32 | $7,599.32 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,386.34 | $2,386.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,090.67 | $2,090.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,378.47 | $41,378.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,395,946 | $2,021,929 | +18.5% |
| Assessed Value | $2,395,946 | $2,021,929 | +18.5% |
| Land Value | $1,889,894 | $1,889,894 | +0.0% |
| Improvement Value | $506,052 | $132,035 | +283.3% |
| Taxable Value | $2,395,946 | $2,021,929 | +18.5% |
| Total Tax 2026 = estimate |
~$49,033
Estimated
|
~$41,378
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,395,946 | $2,395,946 | +0 (+0.0%) |
| Taxable Value | $2,395,946 | $2,395,946 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,395,946 | $1,889,894 | $506,052 | — | $2,395,946 | $2,395,946 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,021,929 | $1,889,894 | $132,035 | — | $2,021,929 | $2,021,929 | ~$41,378 | Partial |
| 2024 | $1,972,700 | — | — | −$82,806 | $1,889,894 | $— | $40,840 | Verified |
| 2023 | $1,199,500 | — | — | — | $1,889,894 ! | $— | $35,691 | Verified |
| 2022 | $919,342 | — | — | — | $945,000 ! | $— | $23,689 | Verified |
| 2021 | $795,600 | — | — | −$30,600 | $765,000 | $— | $20,011 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.5% | +18.5% | ~100% | Not available | Partial |
| 2025 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2024 | -10.1% | -10.1% | ~100% | 1.9800% | Verified |
| 2023 | +91.0% ! | +91.0% | ~100% | 1.5600% | Verified |
| 2022 | +30.5% | +30.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +119.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +18.5% | +26.3% | +22.3% | +64.5% | 2024 | +2.5% | 2025 |
| Assessment Ratio | 100.0% | 108.7% | — | 157.6% | 2023 | 95.8% | 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 |
$41,378 | $32,322 | ~$52,757 | $41,378 | 2025 | $20,011 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,552,899 | ~$2,224,122 | ~2.0139% | ~$44,792 | +26.3% |
| 2027 | ~$3,223,305 | ~$2,446,534 | ~1.9814% | ~$48,475 | +59.4% |
| 2028 | ~$4,069,764 | ~$2,691,187 | ~1.9488% | ~$52,447 | +101.3% |
| 2029 | ~$5,138,508 | ~$2,960,306 | ~1.9163% | ~$56,728 | +154.1% |
| 2030 | ~$6,487,910 | ~$3,256,337 | ~1.8837% | ~$61,341 | +220.9% |
| 2026 | ~$2,512,461 | ~$2,224,122 | ~2.0465% | ~$45,516 | +24.3% |
| 2027 | ~$3,121,998 | ~$2,446,534 | ~2.0465% | ~$50,068 | +54.4% |
| 2028 | ~$3,879,413 | ~$2,691,187 | ~2.0465% | ~$55,075 | +91.9% |
| 2029 | ~$4,820,581 | ~$2,960,306 | ~2.0465% | ~$60,582 | +138.4% |
| 2030 | ~$5,990,082 | ~$3,256,337 | ~2.0465% | ~$66,640 | +196.3% |
| 2026 | ~$2,593,338 | ~$2,224,122 | ~1.9977% | ~$44,430 | +28.3% |
| 2027 | ~$3,326,230 | ~$2,446,534 | ~1.9488% | ~$47,679 | +64.5% |
| 2028 | ~$4,266,242 | ~$2,691,187 | ~1.9000% | ~$51,133 | +111.0% |
| 2029 | ~$5,471,907 | ~$2,960,306 | ~1.8512% | ~$54,801 | +170.6% |
| 2030 | ~$7,018,300 | ~$3,256,337 | ~1.8024% | ~$58,691 | +247.1% |
In 2025, this property's market value of $2,021,929 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +43% 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 | $2,021,929 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,972,700 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,199,500 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $919,342 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $795,600 | $517,750 | $1,142,600 | $2,780,453 | ↓ Below 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.