5624 BURNET RD TX 78756
| Owner | LA TIERRA DE SIMMONS FAMILIA LTD |
|---|---|
| Parcel ID | 0230020406 |
| Short ID | 231076 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 1,931 SF |
| Land SF | 17,860 SF |
| Acres | 0.410 |
| Year Built | 1952 |
| Legal | ABS 697 SUR 7 SPEAR G W ACR 0.41 |
| Neighborhood | 32CEN |
| Land | $1,786,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,786,000 |
| Improvement | $45,568 |
|---|---|
| Total Improvement | $45,568 |
| Market | $1,831,568 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,831,568 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,831,568 |
| Taxable Value | $1,831,568 |
|---|
Appreciation: Market value has risen +25.3% from $1,462,000 (2021) to $1,831,568 (2025), a CAGR of 5.8% over 4 years. This represents moderate, steady growth. 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 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 $37,483. 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 98% of market value ($1,786,000 land vs $45,568 improvements), about $100/SF of land. With value concentrated in the land under a ~74-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 $1,831,568, 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 +5.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,427,547 by 2030, with an estimated annual tax burden around $45,729. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 8,736 SF | ✗ |
| 1ST | 1st Floor | 1,931 SF | ✓ |
| 501 | CANOPY | 520 SF | ✗ |
| 571C | STORAGE DET COMM | 288 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% | $16,945.67 | $16,945.67 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $9,597.73 | $9,597.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,883.86 | $6,883.86 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,161.67 | $2,161.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,893.84 | $1,893.84 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $37,482.77 | $37,482.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,831,568 | $1,831,568 | +0.0% |
| Assessed Value | $1,831,568 | $1,831,568 | +0.0% |
| Land Value | $1,786,000 | $1,786,000 | +0.0% |
| Improvement Value | $45,568 | $45,568 | +0.0% |
| Taxable Value | $1,831,568 | $1,831,568 | +0.0% |
| Total Tax 2026 = estimate |
~$37,483
Estimated
|
~$37,483
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,834,642 | $1,831,568 | -3,074 (-0.2%) |
| Taxable Value | $1,834,642 | $1,831,568 | -3,074 (-0.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,831,568 | $1,786,000 | $45,568 | — | $1,831,568 | $1,831,568 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,831,568 | $1,786,000 | $45,568 | — | $1,831,568 | $1,831,568 | ~$37,483 | Partial |
| 2024 | $1,843,605 | — | — | −$57,605 | $1,786,000 | $— | $35,577 | Verified |
| 2023 | $1,855,000 | — | — | −$69,000 | $1,786,000 | $— | $33,355 | Verified |
| 2022 | $1,315,800 | — | — | — | $1,786,000 ! | $— | $36,635 | Verified |
| 2021 | $1,462,000 | — | — | −$206,632 | $1,255,368 | $— | $28,641 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | +2.0% | +2.0% | ~100% | Not available | Partial |
| 2024 | -4.6% | -4.6% | ~100% | 1.9800% | Verified |
| 2023 | -1.2% | -1.2% | ~100% | 1.7700% | Verified |
| 2022 | +27.1% | +27.1% | ~100% | 1.9200% | Verified |
| 2021 | base year | — | ~100% | 1.9600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +5.9% | +5.8% | +41.0% | 2023 | -10.0% | 2022 |
| Assessment Ratio | 100.0% | 102.5% | — | 135.7% | 2022 | 85.9% | 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 |
$37,483 | $34,338 | ~$42,322 | $37,483 | 2025 | $28,641 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,937,724 | ~$1,937,724 | ~2.0139% | ~$39,025 | +5.8% |
| 2027 | ~$2,050,033 | ~$2,050,033 | ~1.9814% | ~$40,619 | +11.9% |
| 2028 | ~$2,168,851 | ~$2,168,851 | ~1.9488% | ~$42,267 | +18.4% |
| 2029 | ~$2,294,556 | ~$2,294,556 | ~1.9163% | ~$43,970 | +25.3% |
| 2030 | ~$2,427,547 | ~$2,427,547 | ~1.8837% | ~$45,729 | +32.5% |
| 2026 | ~$1,901,093 | ~$1,901,093 | ~2.0465% | ~$38,906 | +3.8% |
| 2027 | ~$1,973,257 | ~$1,973,257 | ~2.0465% | ~$40,382 | +7.7% |
| 2028 | ~$2,048,160 | ~$2,048,160 | ~2.0465% | ~$41,915 | +11.8% |
| 2029 | ~$2,125,907 | ~$2,125,907 | ~2.0465% | ~$43,506 | +16.1% |
| 2030 | ~$2,206,604 | ~$2,206,604 | ~2.0465% | ~$45,158 | +20.5% |
| 2026 | ~$1,974,356 | ~$1,974,356 | ~1.9977% | ~$39,441 | +7.8% |
| 2027 | ~$2,128,275 | ~$2,128,275 | ~1.9488% | ~$41,477 | +16.2% |
| 2028 | ~$2,294,193 | ~$2,294,193 | ~1.9000% | ~$43,590 | +25.3% |
| 2029 | ~$2,473,047 | ~$2,473,047 | ~1.8512% | ~$45,781 | +35.0% |
| 2030 | ~$2,665,844 | ~$2,665,844 | ~1.8024% | ~$48,048 | +45.5% |
In 2025, this property's market value of $1,831,568 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +29% 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 | $1,831,568 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,843,605 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,855,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,315,800 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,462,000 | $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.