5502 BURNET RD AUSTIN, TX 78756
| Owner | WILLENZIK LISA I & ROBERT E |
|---|---|
| Parcel ID | 0229030108 |
| Short ID | 229518 |
| Type | Real |
| Use Code | 20 Small Store (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 6,872 SF |
| Land SF | 13,778 SF |
| Acres | 0.316 |
| Year Built | 1951 |
| Legal | 0.3163 A OF LOT 1 BLK 1 SHOALMONT ADDN RESUB |
| Neighborhood | 20CEN |
| Land | $1,377,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,377,800 |
| Improvement | $360,525 |
|---|---|
| Total Improvement | $360,525 |
| Market | $1,738,325 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,738,325 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,738,325 |
| Taxable Value | $1,738,325 |
|---|
Appreciation: Market value has fallen -0.9% from $1,754,173 (2021) to $1,738,325 (2025), a CAGR of -0.2% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $35,575. 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 79% of market value ($1,377,800 land vs $360,525 improvements), about $100/SF of land. With value concentrated in the land under a ~75-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 $1,738,325, 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 -0.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,718,716 by 2030, with an estimated annual tax burden around $32,376. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 6,104 SF | ✓ |
| 551 | PAVED AREA | 3,847 SF | ✗ |
| 2ND | 2nd Floor | 768 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% | $16,082.98 | $16,082.98 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,109.12 | $9,109.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,533.41 | $6,533.41 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,051.62 | $2,051.62 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,797.43 | $1,797.43 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $35,574.56 | $35,574.56 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,738,325 | $1,738,325 | +0.0% |
| Assessed Value | $1,738,325 | $1,738,325 | +0.0% |
| Land Value | $1,377,800 | $1,377,800 | +0.0% |
| Improvement Value | $360,525 | $360,525 | +0.0% |
| Taxable Value | $1,738,325 | $1,738,325 | +0.0% |
| Total Tax 2026 = estimate |
~$35,575
Estimated
|
~$35,575
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,904,821 | $1,738,325 | -166,496 (-8.7%) |
| Taxable Value | $1,904,821 | $1,738,325 | -166,496 (-8.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,738,325 | $1,377,800 | $360,525 | — | $1,738,325 | $1,738,325 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,738,325 | $1,377,800 | $360,525 | — | $1,738,325 | $1,738,325 | ~$35,575 | Partial |
| 2024 | $1,735,677 | — | — | −$357,877 | $1,377,800 | $— | $34,649 | Verified |
| 2023 | $1,560,718 | — | — | −$182,918 | $1,377,800 | $— | $31,403 | Verified |
| 2022 | $1,555,890 | — | — | −$178,090 | $1,377,800 | $— | $30,823 | Verified |
| 2021 | $1,754,173 | — | — | −$651,933 | $1,102,240 | $— | $33,867 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.6% | +9.6% | ~100% | Not available | Partial |
| 2025 | -3.7% | -3.7% | ~100% | Not available | Partial |
| 2024 | +0.3% | +0.3% | ~100% | 1.9200% | Verified |
| 2023 | +9.6% | +9.6% | ~100% | 1.7500% | Verified |
| 2022 | +5.5% | +5.5% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +0.1% | -0.2% | +11.2% | 2024 | -11.3% | 2022 |
| Assessment Ratio | 100.0% | 86.5% | — | 100.0% | 2025 | 62.8% | 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 |
$35,575 | $33,263 | ~$33,650 | $35,575 | 2025 | $30,823 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,734,385 | ~$1,734,385 | ~2.0139% | ~$34,929 | -0.2% |
| 2027 | ~$1,730,455 | ~$1,730,455 | ~1.9814% | ~$34,287 | -0.5% |
| 2028 | ~$1,726,533 | ~$1,726,533 | ~1.9488% | ~$33,647 | -0.7% |
| 2029 | ~$1,722,620 | ~$1,722,620 | ~1.9163% | ~$33,010 | -0.9% |
| 2030 | ~$1,718,716 | ~$1,718,716 | ~1.8837% | ~$32,376 | -1.1% |
| 2026 | ~$1,699,619 | ~$1,699,619 | ~2.0465% | ~$34,782 | -2.2% |
| 2027 | ~$1,661,775 | ~$1,661,775 | ~2.0465% | ~$34,008 | -4.4% |
| 2028 | ~$1,624,773 | ~$1,624,773 | ~2.0465% | ~$33,251 | -6.5% |
| 2029 | ~$1,588,595 | ~$1,588,595 | ~2.0465% | ~$32,510 | -8.6% |
| 2030 | ~$1,553,223 | ~$1,553,223 | ~2.0465% | ~$31,786 | -10.6% |
| 2026 | ~$1,769,152 | ~$1,769,152 | ~1.9977% | ~$35,342 | +1.8% |
| 2027 | ~$1,800,526 | ~$1,800,526 | ~1.9488% | ~$35,089 | +3.6% |
| 2028 | ~$1,832,455 | ~$1,832,455 | ~1.9000% | ~$34,817 | +5.4% |
| 2029 | ~$1,864,952 | ~$1,864,952 | ~1.8512% | ~$34,524 | +7.3% |
| 2030 | ~$1,898,024 | ~$1,898,024 | ~1.8024% | ~$34,209 | +9.2% |
In 2025, this property's market value of $1,738,325 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +23% 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 | $1,738,325 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,735,677 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,560,718 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,555,890 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,754,173 | $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.