5608 BURNET RD TX 78756
| Owner | RPS FAMILY ENTERPRISES LP |
|---|---|
| Parcel ID | 0229030122 |
| Short ID | 229530 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 5,505 SF |
| Land SF | 23,958 SF |
| Acres | 0.550 |
| Year Built | 1985 |
| Legal | LOT 1 NORTH AUSTIN ADDN |
| Neighborhood | 53CEN |
| Land | $2,395,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,395,800 |
| Improvement | $1 |
|---|---|
| Total Improvement | $1 |
| Market | $2,395,801 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,395,801 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,395,801 |
| Taxable Value | $2,395,801 |
|---|
Appreciation: Market value has risen +15.3% from $2,077,600 (2021) to $2,395,801 (2025), a CAGR of 3.6% 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 $49,030. 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 100% of market value ($2,395,800 land vs $1 improvements), about $100/SF of land. With value concentrated in the land under a ~41-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 $2,395,801, 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 +3.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,862,937 by 2030, with an estimated annual tax burden around $53,930. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 13,800 SF | ✗ |
| 1ST | 1st Floor | 5,505 SF | ✓ |
| SO | Sketch Only | 2,143 SF | ✗ |
| 591 | MASONRY TRIM SF | 300 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 286 SF | ✗ |
| 611 | TERRACE | 265 SF | ✗ |
| 581C | STORAGE ATT COMM | 61 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% | $22,165.95 | $22,165.95 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,554.40 | $12,554.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,004.50 | $9,004.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,827.60 | $2,827.60 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,477.26 | $2,477.26 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $49,029.71 | $49,029.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,401,288 | $2,395,801 | +0.2% |
| Assessed Value | $2,401,288 | $2,395,801 | +0.2% |
| Land Value | $2,395,800 | $2,395,800 | +0.0% |
| Improvement Value | $5,488 | $1 | +548700.0% |
| Taxable Value | $2,401,288 | $2,395,801 | +0.2% |
| Total Tax 2026 = estimate |
~$49,142
Estimated
|
~$49,030
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,638,778 | $2,401,288 | -237,490 (-9.0%) |
| Taxable Value | $2,638,778 | $2,401,288 | -237,490 (-9.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,401,288 | $2,395,800 | $5,488 | — | $2,401,288 | $2,401,288 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,395,801 | $2,395,800 | $1 | — | $2,395,801 | $2,395,801 | ~$49,030 | Partial |
| 2024 | $2,540,256 | — | — | −$144,456 | $2,395,800 | $— | $47,873 | Verified |
| 2023 | $2,546,000 | — | — | −$150,200 | $2,395,800 | $— | $45,960 | Verified |
| 2022 | $2,060,161 | — | — | — | $2,395,800 ! | $— | $50,282 | Verified |
| 2021 | $2,077,600 | — | — | −$160,960 | $1,916,640 | $— | $44,843 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.1% | +10.1% | ~100% | Not available | Partial |
| 2025 | -0.8% | -0.8% | ~100% | Not available | Partial |
| 2024 | -4.9% | -4.9% | ~100% | 1.9800% | Verified |
| 2023 | -0.2% | -0.2% | ~100% | 1.8100% | Verified |
| 2022 | -8.7% | -8.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -14.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.2% | +3.4% | +3.6% | +23.6% | 2023 | -5.7% | 2025 |
| Assessment Ratio | 100.0% | 99.5% | — | 116.3% | 2022 | 92.3% | 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 |
$49,030 | $47,597 | ~$51,961 | $50,282 | 2022 | $44,843 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,482,693 | ~$2,482,693 | ~2.0139% | ~$50,000 | +3.6% |
| 2027 | ~$2,572,736 | ~$2,572,736 | ~1.9814% | ~$50,976 | +7.4% |
| 2028 | ~$2,666,044 | ~$2,666,044 | ~1.9488% | ~$51,957 | +11.3% |
| 2029 | ~$2,762,737 | ~$2,762,737 | ~1.9163% | ~$52,942 | +15.3% |
| 2030 | ~$2,862,937 | ~$2,862,937 | ~1.8837% | ~$53,930 | +19.5% |
| 2026 | ~$2,434,777 | ~$2,434,777 | ~2.0465% | ~$49,827 | +1.6% |
| 2027 | ~$2,474,386 | ~$2,474,386 | ~2.0465% | ~$50,638 | +3.3% |
| 2028 | ~$2,514,640 | ~$2,514,640 | ~2.0465% | ~$51,462 | +5.0% |
| 2029 | ~$2,555,549 | ~$2,555,549 | ~2.0465% | ~$52,299 | +6.7% |
| 2030 | ~$2,597,123 | ~$2,597,123 | ~2.0465% | ~$53,150 | +8.4% |
| 2026 | ~$2,530,609 | ~$2,530,609 | ~1.9977% | ~$50,553 | +5.6% |
| 2027 | ~$2,673,002 | ~$2,673,002 | ~1.9488% | ~$52,093 | +11.6% |
| 2028 | ~$2,823,407 | ~$2,823,407 | ~1.9000% | ~$53,645 | +17.8% |
| 2029 | ~$2,982,275 | ~$2,982,275 | ~1.8512% | ~$55,208 | +24.5% |
| 2030 | ~$3,150,082 | ~$3,150,082 | ~1.8024% | ~$56,776 | +31.5% |
In 2025, this property's market value of $2,395,801 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +69% 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 | $2,395,801 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,540,256 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,546,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,060,161 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,077,600 | $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.