3409 EXECUTIVE CENTER DR TX 78731
| Owner | LUZZATTO OAKS LLC |
|---|---|
| Parcel ID | 0239010308 |
| Short ID | 242231 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 31,034 SF |
| Land SF | 103,065 SF |
| Acres | 2.366 |
| Year Built | 1973 |
| Legal | LOT 2 KOGER EXECUTIVE CENTER UNIT 5 |
| Neighborhood | 52NWE |
| Land | $5,153,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,153,250 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $4,988,065 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,988,065 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,988,065 |
| Taxable Value | $4,988,065 |
|---|
Appreciation: Market value has fallen -21.3% from $6,339,091 (2021) to $4,988,065 (2025), a CAGR of -5.8% 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 $102,080. 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 103% of market value ($5,153,250 land vs $0 improvements), about $50/SF of land. With value concentrated in the land under a ~53-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 $4,988,065, this parcel sits in the top quartile (≥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 $3,696,694 by 2030, with an estimated annual tax burden around $69,636. 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 | 41,400 SF | ✗ |
| 1ST | 1st Floor | 15,517 SF | ✓ |
| 2ND | 2nd Floor | 15,517 SF | ✓ |
| 501 | CANOPY | 174 SF | ✗ |
| 482 | LIGHT POLES | 7 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% | $46,149.58 | $46,149.58 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $26,138.31 | $26,138.31 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $18,747.39 | $18,747.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,887.06 | $5,887.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,157.66 | $5,157.66 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $102,080.00 | $102,080.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,988,065 | $4,988,065 | +0.0% |
| Assessed Value | $4,988,065 | $4,988,065 | +0.0% |
| Land Value | $5,153,250 | $5,153,250 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $4,988,065 | $4,988,065 | +0.0% |
| Total Tax 2026 = estimate |
~$102,080
Estimated
|
~$102,080
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,988,065 | $4,988,065 | +0 (+0.0%) |
| Taxable Value | $4,988,065 | $4,988,065 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,988,065 | $5,153,250 | — | — | $4,988,065 | $4,988,065 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,988,065 | $5,153,250 | — | — | $4,988,065 | $4,988,065 | ~$102,080 | Partial |
| 2024 | $5,839,815 | — | — | −$686,565 | $5,153,250 | $— | $99,088 | Verified |
| 2023 | $6,503,502 | — | — | −$3,411,552 | $3,091,950 | $— | $105,910 | Verified |
| 2022 | $6,096,483 | — | — | −$3,004,533 | $3,091,950 | $— | $128,783 | Verified |
| 2021 | $6,339,091 | — | — | −$4,277,791 | $2,061,300 | $— | $133,112 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | -4.4% | -4.4% | ~100% | Not available | Partial |
| 2024 | -14.4% | -14.4% | ~100% | 1.9000% | Verified |
| 2023 | -11.0% | -11.0% | ~100% | 1.7400% | Verified |
| 2022 | +5.6% | +5.6% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -23.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | -4.4% | -5.8% | +6.7% | 2023 | -14.6% | 2025 |
| Assessment Ratio | 100.0% | 69.8% | — | 100.0% | 2025 | 32.5% | 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 |
$102,080 | $113,795 | ~$81,670 | $133,112 | 2021 | $99,088 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,697,950 | ~$4,697,950 | ~2.0139% | ~$94,614 | -5.8% |
| 2027 | ~$4,424,708 | ~$4,424,708 | ~1.9814% | ~$87,671 | -11.3% |
| 2028 | ~$4,167,359 | ~$4,167,359 | ~1.9488% | ~$81,215 | -16.5% |
| 2029 | ~$3,924,978 | ~$3,924,978 | ~1.9163% | ~$75,214 | -21.3% |
| 2030 | ~$3,696,694 | ~$3,696,694 | ~1.8837% | ~$69,636 | -25.9% |
| 2026 | ~$4,738,662 | ~$4,738,662 | ~2.0465% | ~$96,976 | -5.0% |
| 2027 | ~$4,501,729 | ~$4,501,729 | ~2.0465% | ~$92,127 | -9.7% |
| 2028 | ~$4,276,642 | ~$4,276,642 | ~2.0465% | ~$87,521 | -14.3% |
| 2029 | ~$4,062,810 | ~$4,062,810 | ~2.0465% | ~$83,145 | -18.5% |
| 2030 | ~$3,859,670 | ~$3,859,670 | ~2.0465% | ~$78,988 | -22.6% |
| 2026 | ~$4,797,711 | ~$4,797,711 | ~1.9977% | ~$95,842 | -3.8% |
| 2027 | ~$4,614,622 | ~$4,614,622 | ~1.9488% | ~$89,932 | -7.5% |
| 2028 | ~$4,438,519 | ~$4,438,519 | ~1.9000% | ~$84,333 | -11.0% |
| 2029 | ~$4,269,137 | ~$4,269,137 | ~1.8512% | ~$79,030 | -14.4% |
| 2030 | ~$4,106,219 | ~$4,106,219 | ~1.8024% | ~$74,009 | -17.7% |
In 2025, this property's market value of $4,988,065 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 4× 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 | $4,988,065 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $5,839,815 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,503,502 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $6,096,483 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,339,091 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 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.