5624 N LAMAR BLVD TX 78751
| Owner | 4501 SPRINGDALE LTD |
|---|---|
| Parcel ID | 0228070413 |
| Short ID | 228892 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 1,500 SF |
| Land SF | 10,228 SF |
| Acres | 0.235 |
| Year Built | 1956 |
| Legal | LOT 3-4 STARK ADDN |
| Neighborhood | 83CEN |
| Land | $1,022,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,022,800 |
| Improvement | $141,807 |
|---|---|
| Total Improvement | $141,807 |
| Market | $1,164,607 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,164,607 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,164,607 |
| Taxable Value | $1,164,607 |
|---|
Appreciation: Market value has risen +66.4% from $700,000 (2021) to $1,164,607 (2025), a CAGR of 13.6% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $23,834. 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 88% of market value ($1,022,800 land vs $141,807 improvements), about $100/SF of land. With value concentrated in the land under a ~70-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 $1,164,607, 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 +13.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,200,549 by 2030, with an estimated annual tax burden around $35,332. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 8,610 SF | ✗ |
| 1ST | 1st Floor | 1,500 SF | ✓ |
| 541 | FENCE COMM LF | 112 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% | $10,774.94 | $10,774.94 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,102.74 | $6,102.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,377.12 | $4,377.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,374.50 | $1,374.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,204.20 | $1,204.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,833.50 | $23,833.50 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,145,702 | $1,164,607 | -1.6% |
| Assessed Value | $1,145,702 | $1,164,607 | -1.6% |
| Land Value | $1,022,800 | $1,022,800 | +0.0% |
| Improvement Value | $122,902 | $141,807 | -13.3% |
| Taxable Value | $1,145,702 | $1,164,607 | -1.6% |
| Total Tax 2026 = estimate |
~$23,447
Estimated
|
~$23,834
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,259,013 | $1,145,702 | -113,311 (-9.0%) |
| Taxable Value | $1,259,013 | $1,145,702 | -113,311 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,145,702 | $1,022,800 | $122,902 | — | $1,145,702 | $1,145,702 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,164,607 | $1,022,800 | $141,807 | — | $1,164,607 | $1,164,607 | ~$23,834 | Partial |
| 2024 | $1,128,614 | — | — | −$105,814 | $1,022,800 | $— | $23,023 | Verified |
| 2023 | $907,715 | — | — | — | $1,022,800 ! | $— | $19,075 | Verified |
| 2022 | $700,000 | — | — | — | $869,380 ! | $— | $17,927 | Verified |
| 2021 | $700,000 | — | — | −$35,180 | $664,820 | $— | $15,237 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.1% | +8.1% | ~100% | Not available | Partial |
| 2025 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2024 | +2.9% | +2.9% | ~100% | 1.9800% | Verified |
| 2023 | +13.0% | +13.0% | ~100% | 1.6900% | Verified |
| 2022 | +26.5% | +26.5% | ~100% | 1.7900% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +47.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.6% | +11.1% | +13.9% | +29.7% | 2023 | -1.6% | 2026 |
| Assessment Ratio | 100.0% | 103.8% | — | 124.2% | 2022 | 90.6% | 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 |
$23,834 | $19,819 | ~$30,387 | $23,834 | 2025 | $15,237 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,322,665 | ~$1,281,068 | ~2.0139% | ~$25,800 | +13.6% |
| 2027 | ~$1,502,173 | ~$1,409,174 | ~1.9814% | ~$27,921 | +29.0% |
| 2028 | ~$1,706,045 | ~$1,550,092 | ~1.9488% | ~$30,209 | +46.5% |
| 2029 | ~$1,937,585 | ~$1,705,101 | ~1.9163% | ~$32,675 | +66.4% |
| 2030 | ~$2,200,549 | ~$1,875,611 | ~1.8837% | ~$35,332 | +89.0% |
| 2026 | ~$1,299,372 | ~$1,281,068 | ~2.0465% | ~$26,217 | +11.6% |
| 2027 | ~$1,449,733 | ~$1,409,174 | ~2.0465% | ~$28,839 | +24.5% |
| 2028 | ~$1,617,492 | ~$1,550,092 | ~2.0465% | ~$31,722 | +38.9% |
| 2029 | ~$1,804,664 | ~$1,705,101 | ~2.0465% | ~$34,895 | +55.0% |
| 2030 | ~$2,013,496 | ~$1,875,611 | ~2.0465% | ~$38,384 | +72.9% |
| 2026 | ~$1,345,957 | ~$1,281,068 | ~1.9977% | ~$25,591 | +15.6% |
| 2027 | ~$1,555,546 | ~$1,409,174 | ~1.9488% | ~$27,463 | +33.6% |
| 2028 | ~$1,797,772 | ~$1,550,092 | ~1.9000% | ~$29,452 | +54.4% |
| 2029 | ~$2,077,716 | ~$1,705,101 | ~1.8512% | ~$31,565 | +78.4% |
| 2030 | ~$2,401,253 | ~$1,875,611 | ~1.8024% | ~$33,805 | +106.2% |
In 2025, this property's market value of $1,164,607 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -18% 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 | $1,164,607 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $1,128,614 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $907,715 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $700,000 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $700,000 | $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.