2213 JUSTIN LN TX 78757
| Owner | JUSTIN LANE PARTNERSHIP |
|---|---|
| Parcel ID | 0233051008 |
| Short ID | 234931 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 6,261 SF |
| Land SF | 23,495 SF |
| Acres | 0.539 |
| Year Built | 1969 |
| Legal | LOT 1-2 BLK A NORTHRIDGE TERRACE SEC 6 |
| Neighborhood | 30CEN |
| Land | $1,174,750 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,174,750 |
| Improvement | $245,102 |
|---|---|
| Total Improvement | $245,102 |
| Market | $1,419,852 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,419,852 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,419,852 |
| Taxable Value | $1,419,852 |
|---|
Appreciation: Market value has fallen -10.1% from $1,578,786 (2021) to $1,419,852 (2025), a CAGR of -2.6% 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 $29,057. 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 83% of market value ($1,174,750 land vs $245,102 improvements), about $50/SF of land. With value concentrated in the land under a ~57-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 $1,419,852, 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 -2.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,243,492 by 2030, with an estimated annual tax burden around $23,424. 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 | 20,000 SF | ✗ |
| 1ST | 1st Floor | 6,261 SF | ✓ |
| 501 | CANOPY | 881 SF | ✗ |
| 611 | TERRACE | 87 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% | $13,136.47 | $13,136.47 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,440.27 | $7,440.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,336.44 | $5,336.44 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,675.75 | $1,675.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,468.13 | $1,468.13 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $29,057.06 | $29,057.06 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,554,520 | $1,419,852 | +9.5% |
| Assessed Value | $1,554,520 | $1,419,852 | +9.5% |
| Land Value | $1,174,750 | $1,174,750 | +0.0% |
| Improvement Value | $379,770 | $245,102 | +54.9% |
| Taxable Value | $1,554,520 | $1,419,852 | +9.5% |
| Total Tax 2026 = estimate |
~$31,813
Estimated
|
~$29,057
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,554,520 | $1,554,520 | +0 (+0.0%) |
| Taxable Value | $1,554,520 | $1,554,520 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,554,520 | $1,174,750 | $379,770 | — | $1,554,520 | $1,554,520 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,419,852 | $1,174,750 | $245,102 | — | $1,419,852 | $1,419,852 | ~$29,057 | Partial |
| 2024 | $1,490,000 | — | — | −$315,250 | $1,174,750 | $— | $30,944 | Verified |
| 2023 | $1,447,086 | — | — | −$272,336 | $1,174,750 | $— | $26,958 | Verified |
| 2022 | $1,400,455 | — | — | −$225,705 | $1,174,750 | $— | $28,579 | Verified |
| 2021 | $1,578,786 | — | — | −$404,036 | $1,174,750 | $— | $30,483 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.5% | +9.5% | ~100% | Not available | Partial |
| 2025 | -9.1% | -9.1% | ~100% | Not available | Partial |
| 2024 | +4.8% | +4.8% | ~100% | 1.9800% | Verified |
| 2023 | +3.0% | +3.0% | ~100% | 1.8100% | Verified |
| 2022 | +3.3% | +3.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.5% | +-0.0% | -4.3% | +9.5% | 2026 | -11.3% | 2022 |
| Assessment Ratio | 100.0% | 86.4% | — | 100.0% | 2025 | 74.4% | 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 |
$29,057 | $29,204 | ~$25,594 | $30,944 | 2024 | $26,958 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,382,684 | ~$1,382,684 | ~2.0139% | ~$27,846 | -2.6% |
| 2027 | ~$1,346,490 | ~$1,346,490 | ~1.9814% | ~$26,679 | -5.2% |
| 2028 | ~$1,311,242 | ~$1,311,242 | ~1.9488% | ~$25,554 | -7.6% |
| 2029 | ~$1,276,918 | ~$1,276,918 | ~1.9163% | ~$24,469 | -10.1% |
| 2030 | ~$1,243,492 | ~$1,243,492 | ~1.8837% | ~$23,424 | -12.4% |
| 2026 | ~$1,354,287 | ~$1,354,287 | ~2.0465% | ~$27,715 | -4.6% |
| 2027 | ~$1,291,750 | ~$1,291,750 | ~2.0465% | ~$26,435 | -9.0% |
| 2028 | ~$1,232,101 | ~$1,232,101 | ~2.0465% | ~$25,215 | -13.2% |
| 2029 | ~$1,175,206 | ~$1,175,206 | ~2.0465% | ~$24,050 | -17.2% |
| 2030 | ~$1,120,938 | ~$1,120,938 | ~2.0465% | ~$22,940 | -21.1% |
| 2026 | ~$1,411,081 | ~$1,411,081 | ~1.9977% | ~$28,189 | -0.6% |
| 2027 | ~$1,402,365 | ~$1,402,365 | ~1.9488% | ~$27,330 | -1.2% |
| 2028 | ~$1,393,702 | ~$1,393,702 | ~1.9000% | ~$26,481 | -1.8% |
| 2029 | ~$1,385,093 | ~$1,385,093 | ~1.8512% | ~$25,641 | -2.4% |
| 2030 | ~$1,376,537 | ~$1,376,537 | ~1.8024% | ~$24,810 | -3.1% |
In 2025, this property's market value of $1,419,852 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +0% 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 | $1,419,852 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,490,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,447,086 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,400,455 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,578,786 | $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.