3424 GREYSTONE DR TX 78731
| Owner | GREYSTONE DRIVE PROPERTY LLC |
|---|---|
| Parcel ID | 0239010304 |
| Short ID | 242227 |
| Type | Real |
| Use Code | 48 Convenience Store |
| Valuation | Income |
| Improvement SF | 3,810 SF |
| Land SF | 14,227 SF |
| Acres | 0.327 |
| Year Built | 1973 |
| Legal | LOT A SHADOW PARK SEC 1-A |
| Neighborhood | 48NWE |
| Land | $284,540 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $284,540 |
| Improvement | $503,518 |
|---|---|
| Total Improvement | $503,518 |
| Market | $788,058 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $788,058 |
| Value Limitation Adjustment (−) (homestead cap) | −$19,510 |
| Net Appraised (assessed) | $768,548 |
| Taxable Value | $768,548 |
|---|
Appreciation: Market value has risen +73.5% from $454,188 (2021) to $788,058 (2025), a CAGR of 14.8% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $15,728. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($768,548) is $19,510 below market value, suggesting potential for an upward assessment in future years.
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 36% of market value ($284,540 land vs $503,518 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $788,058, this parcel sits in the lower-middle (25th–50th 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 +14.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,569,319 by 2030, with an estimated annual tax burden around $23,316. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 6,280 SF | ✗ |
| 1ST | 1st Floor | 3,810 SF | ✓ |
| 501 | CANOPY | 688 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% | $7,110.61 | $7,110.61 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,027.32 | $4,027.32 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,888.55 | $2,888.55 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $907.06 | $907.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $794.68 | $794.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,728.22 | $15,728.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $667,327 | $788,058 | -15.3% |
| Assessed Value | $667,327 | $768,548 | -13.2% |
| Land Value | $284,540 | $284,540 | +0.0% |
| Improvement Value | $382,787 | $503,518 | -24.0% |
| Taxable Value | $667,327 | $768,548 | -13.2% |
| Total Tax 2026 = estimate |
~$13,657
Estimated
|
~$15,728
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $667,327 | $667,327 | +0 (+0.0%) |
| Taxable Value | $667,327 | $667,327 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $667,327 | $284,540 | $382,787 | — | $667,327 | $667,327 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $788,058 | $284,540 | $503,518 | −$19,510 | $768,548 | $768,548 | ~$15,728 | Partial |
| 2024 | $647,317 | — | — | −$362,777 | $284,540 | $— | $12,693 | Verified |
| 2023 | $546,227 | — | — | −$261,687 | $284,540 | $— | $11,712 | Verified |
| 2022 | $475,092 | — | — | −$190,552 | $284,540 | $— | $10,788 | Verified |
| 2021 | $454,188 | — | — | −$240,783 | $213,405 | $— | $10,341 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -15.3% | -13.2% | ~100% | Not available | Partial |
| 2025 | +23.0% | +20.0% | 97.5% | Not available | Partial |
| 2024 | -1.1% | -1.1% | ~100% | 1.9800% | Verified |
| 2023 | +18.5% | +18.5% | ~100% | 1.8100% | Verified |
| 2022 | +15.0% | +15.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +65.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -15.3% | +8.9% | +18.9% | +21.7% | 2025 | -15.3% | 2026 |
| Assessment Ratio | 100.0% | 66.8% | — | 100.0% | 2026 | 44.0% | 2024 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$15,728 | $12,252 | ~$20,053 | $15,728 | 2025 | $10,341 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$904,459 | ~$845,403 | ~2.0139% | ~$17,026 | +14.8% |
| 2027 | ~$1,038,053 | ~$929,943 | ~1.9814% | ~$18,426 | +31.7% |
| 2028 | ~$1,191,379 | ~$1,022,937 | ~1.9488% | ~$19,935 | +51.2% |
| 2029 | ~$1,367,353 | ~$1,125,231 | ~1.9163% | ~$21,563 | +73.5% |
| 2030 | ~$1,569,319 | ~$1,237,754 | ~1.8837% | ~$23,316 | +99.1% |
| 2026 | ~$888,698 | ~$845,403 | ~2.0465% | ~$17,301 | +12.8% |
| 2027 | ~$1,002,190 | ~$929,943 | ~2.0465% | ~$19,031 | +27.2% |
| 2028 | ~$1,130,175 | ~$1,022,937 | ~2.0465% | ~$20,934 | +43.4% |
| 2029 | ~$1,274,505 | ~$1,125,231 | ~2.0465% | ~$23,028 | +61.7% |
| 2030 | ~$1,437,267 | ~$1,237,754 | ~2.0465% | ~$25,330 | +82.4% |
| 2026 | ~$920,220 | ~$845,403 | ~1.9977% | ~$16,888 | +16.8% |
| 2027 | ~$1,074,546 | ~$929,943 | ~1.9488% | ~$18,123 | +36.4% |
| 2028 | ~$1,254,754 | ~$1,022,937 | ~1.9000% | ~$19,436 | +59.2% |
| 2029 | ~$1,465,184 | ~$1,125,231 | ~1.8512% | ~$20,830 | +85.9% |
| 2030 | ~$1,710,904 | ~$1,237,754 | ~1.8024% | ~$22,309 | +117.1% |
In 2025, this property's market value of $788,058 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -44% below 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 | $788,058 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $647,317 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $546,227 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $475,092 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $454,188 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 25% | 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.