3432 GREYSTONE DR TX 78731
| Owner | HK-GREYSTONE LLC |
|---|---|
| Parcel ID | 0239010306 |
| Short ID | 242229 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 10,056 SF |
| Land SF | 23,700 SF |
| Acres | 0.544 |
| Year Built | 1980 |
| Legal | LOT 1 *RESUB OF BLK C SHADOW PARK |
| Neighborhood | 52NWE |
| Land | $829,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $829,500 |
| Improvement | $636,030 |
|---|---|
| Total Improvement | $636,030 |
| Market | $1,465,530 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,465,530 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,465,530 |
| Taxable Value | $1,465,530 |
|---|
Appreciation: Market value has fallen -27.6% from $2,025,000 (2021) to $1,465,530 (2025), a CAGR of -7.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $29,992. 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 57% of market value ($829,500 land vs $636,030 improvements), about $35/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,465,530, 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 -7.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $978,266 by 2030, with an estimated annual tax burden around $18,428. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,920 SF | ✗ |
| 1ST | 1st Floor | 5,028 SF | ✓ |
| 2ND | 2nd Floor | 5,028 SF | ✓ |
| 501 | CANOPY | 344 SF | ✗ |
| 413 | STAIRWAY EXT | 2 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% | $13,559.08 | $13,559.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,679.63 | $7,679.63 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,508.12 | $5,508.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,729.66 | $1,729.66 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,515.36 | $1,515.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $29,991.85 | $29,991.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,311,591 | $1,465,530 | -10.5% |
| Assessed Value | $1,311,591 | $1,465,530 | -10.5% |
| Land Value | $829,500 | $829,500 | +0.0% |
| Improvement Value | $482,091 | $636,030 | -24.2% |
| Taxable Value | $1,311,591 | $1,465,530 | -10.5% |
| Total Tax 2026 = estimate |
~$26,842
Estimated
|
~$29,992
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,425,542 | $1,311,591 | -113,951 (-8.0%) |
| Taxable Value | $1,425,542 | $1,311,591 | -113,951 (-8.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,311,591 | $829,500 | $482,091 | — | $1,311,591 | $1,311,591 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,465,530 | $829,500 | $636,030 | — | $1,465,530 | $1,465,530 | ~$29,992 | Partial |
| 2024 | $1,888,724 | — | — | −$1,059,224 | $829,500 | $— | $31,980 | Verified |
| 2023 | $1,928,580 | — | — | −$1,454,580 | $474,000 | $— | $34,172 | Verified |
| 2022 | $2,062,208 | — | — | −$1,588,208 | $474,000 | $— | $38,088 | Verified |
| 2021 | $2,025,000 | — | — | −$1,740,600 | $284,400 | $— | $44,888 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.7% | -2.7% | ~100% | Not available | Partial |
| 2025 | -9.2% | -9.2% | ~100% | Not available | Partial |
| 2024 | -14.6% | -14.6% | ~100% | 1.9800% | Verified |
| 2023 | -2.1% | -2.1% | ~100% | 1.8100% | Verified |
| 2022 | -6.5% | -6.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -28.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.5% | -7.9% | -5.6% | +1.8% | 2022 | -22.4% | 2025 |
| Assessment Ratio | 100.0% | 50.9% | — | 100.0% | 2025 | 14.0% | 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 |
$29,992 | $35,824 | ~$22,618 | $44,888 | 2021 | $29,992 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,351,721 | ~$1,351,721 | ~2.0139% | ~$27,223 | -7.8% |
| 2027 | ~$1,246,751 | ~$1,246,751 | ~1.9814% | ~$24,703 | -14.9% |
| 2028 | ~$1,149,932 | ~$1,149,932 | ~1.9488% | ~$22,410 | -21.5% |
| 2029 | ~$1,060,631 | ~$1,060,631 | ~1.9163% | ~$20,325 | -27.6% |
| 2030 | ~$978,266 | ~$978,266 | ~1.8837% | ~$18,428 | -33.2% |
| 2026 | ~$1,392,254 | ~$1,392,254 | ~2.0465% | ~$28,492 | -5.0% |
| 2027 | ~$1,322,641 | ~$1,322,641 | ~2.0465% | ~$27,068 | -9.7% |
| 2028 | ~$1,256,509 | ~$1,256,509 | ~2.0465% | ~$25,714 | -14.3% |
| 2029 | ~$1,193,683 | ~$1,193,683 | ~2.0465% | ~$24,429 | -18.5% |
| 2030 | ~$1,133,999 | ~$1,133,999 | ~2.0465% | ~$23,207 | -22.6% |
| 2026 | ~$1,381,032 | ~$1,381,032 | ~1.9977% | ~$27,588 | -5.8% |
| 2027 | ~$1,301,406 | ~$1,301,406 | ~1.9488% | ~$25,362 | -11.2% |
| 2028 | ~$1,226,370 | ~$1,226,370 | ~1.9000% | ~$23,301 | -16.3% |
| 2029 | ~$1,155,661 | ~$1,155,661 | ~1.8512% | ~$21,394 | -21.1% |
| 2030 | ~$1,089,029 | ~$1,089,029 | ~1.8024% | ~$19,628 | -25.7% |
In 2025, this property's market value of $1,465,530 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +3% 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 | $1,465,530 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,888,724 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,928,580 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,062,208 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,025,000 | $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.