6507 BURNET LN TX 78757
| Owner | HERRINGTON RONALD L & DIANE L LIVING TRUST |
|---|---|
| Parcel ID | 0232041007 |
| Short ID | 233644 |
| Type | Real |
| Use Code | 61 Warehouse (<20,000 SF) |
| Valuation | Cost |
| Improvement SF | 12,600 SF |
| Land SF | 41,425 SF |
| Acres | 0.951 |
| Year Built | 1994 |
| Legal | LOT 1 BAILEY PARK |
| Neighborhood | 61NOR |
| Land | $2,071,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,071,250 |
| Improvement | $689,047 |
|---|---|
| Total Improvement | $689,047 |
| Market | $2,760,297 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,760,297 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,760,297 |
| Taxable Value | $2,760,297 |
|---|
Appreciation: Market value has risen +20.8% from $2,285,000 (2021) to $2,760,297 (2025), a CAGR of 4.8% over 4 years. This represents moderate, steady growth. 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 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 $56,489. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 75% of market value ($2,071,250 land vs $689,047 improvements), about $50/SF of land. With value concentrated in the land under a ~32-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 $2,760,297, 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 +4.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,495,770 by 2030, with an estimated annual tax burden around $65,851. 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 | 14,500 SF | ✗ |
| 1ST | 1st Floor | 12,600 SF | ✓ |
| 881 | COMMCL FINISHOUT | 4,560 SF | ✓ |
| 093 | HVAC COMMRCL SF | 2,280 SF | ✗ |
| MEZZ | Mezzanine | 2,280 SF | ✓ |
| 501 | CANOPY | 160 SF | ✗ |
| 435 | FENCE IRON LF | 80 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% | $25,538.27 | $25,538.27 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,464.43 | $14,464.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,374.44 | $10,374.44 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,257.79 | $3,257.79 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,854.15 | $2,854.15 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $56,489.08 | $56,489.08 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,169,000 | $2,760,297 | +14.8% |
| Assessed Value | $3,169,000 | $2,760,297 | +14.8% |
| Land Value | $2,071,250 | $2,071,250 | +0.0% |
| Improvement Value | $1,097,750 | $689,047 | +59.3% |
| Taxable Value | $3,169,000 | $2,760,297 | +14.8% |
| Total Tax 2026 = estimate |
~$64,853
Estimated
|
~$56,489
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,169,000 | $3,169,000 | +0 (+0.0%) |
| Taxable Value | $3,169,000 | $3,169,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,169,000 | $2,071,250 | $1,097,750 | — | $3,169,000 | $3,169,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,760,297 | $2,071,250 | $689,047 | — | $2,760,297 | $2,760,297 | ~$56,489 | Partial |
| 2024 | $3,050,800 | — | — | −$979,550 | $2,071,250 | $— | $60,461 | Verified |
| 2023 | $2,317,062 | — | — | −$245,812 | $2,071,250 | $— | $55,197 | Verified |
| 2022 | $2,285,000 | — | — | −$213,750 | $2,071,250 | $— | $45,760 | Verified |
| 2021 | $2,285,000 | — | — | −$213,750 | $2,071,250 | $— | $49,737 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.8% | +14.8% | ~100% | Not available | Partial |
| 2025 | -9.5% | -9.5% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +31.7% | +31.7% | ~100% | 1.8100% | Verified |
| 2022 | +1.4% | +1.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +20.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +14.8% | +7.7% | +2.1% | +31.7% | 2024 | -9.5% | 2025 |
| Assessment Ratio | 100.0% | 89.8% | — | 100.0% | 2025 | 67.9% | 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 |
$56,489 | $53,529 | ~$62,025 | $60,461 | 2024 | $45,760 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,893,831 | ~$2,893,831 | ~2.0139% | ~$58,280 | +4.8% |
| 2027 | ~$3,033,826 | ~$3,033,826 | ~1.9814% | ~$60,112 | +9.9% |
| 2028 | ~$3,180,592 | ~$3,180,592 | ~1.9488% | ~$61,985 | +15.2% |
| 2029 | ~$3,334,459 | ~$3,334,459 | ~1.9163% | ~$63,898 | +20.8% |
| 2030 | ~$3,495,770 | ~$3,495,770 | ~1.8837% | ~$65,851 | +26.6% |
| 2026 | ~$2,838,625 | ~$2,838,625 | ~2.0465% | ~$58,092 | +2.8% |
| 2027 | ~$2,919,177 | ~$2,919,177 | ~2.0465% | ~$59,741 | +5.8% |
| 2028 | ~$3,002,013 | ~$3,002,013 | ~2.0465% | ~$61,436 | +8.8% |
| 2029 | ~$3,087,201 | ~$3,087,201 | ~2.0465% | ~$63,179 | +11.8% |
| 2030 | ~$3,174,806 | ~$3,174,806 | ~2.0465% | ~$64,972 | +15.0% |
| 2026 | ~$2,949,037 | ~$2,949,037 | ~1.9977% | ~$58,912 | +6.8% |
| 2027 | ~$3,150,683 | ~$3,150,683 | ~1.9488% | ~$61,402 | +14.1% |
| 2028 | ~$3,366,117 | ~$3,366,117 | ~1.9000% | ~$63,957 | +21.9% |
| 2029 | ~$3,596,281 | ~$3,596,281 | ~1.8512% | ~$66,574 | +30.3% |
| 2030 | ~$3,842,183 | ~$3,842,183 | ~1.8024% | ~$69,250 | +39.2% |
In 2025, this property's market value of $2,760,297 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +95% 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 | $2,760,297 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,050,800 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,317,062 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,285,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,285,000 | $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.