8037 BURNET RD TX 78757
| Owner | LOUETTA LEASING LP |
|---|---|
| Parcel ID | 0239061018 |
| Short ID | 242413 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 3,339 SF |
| Land SF | 33,780 SF |
| Acres | 0.775 |
| Year Built | 1979 |
| Legal | LOT A *RESUB LOT 2-4 MORSE FRED C SUBD NO 6 |
| Neighborhood | 32CEN |
| Land | $2,533,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,533,500 |
| Improvement | $39,315 |
|---|---|
| Total Improvement | $39,315 |
| Market | $2,572,815 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,572,815 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,572,815 |
| Taxable Value | $2,572,815 |
|---|
Appreciation: Market value has fallen -3.5% from $2,667,126 (2021) to $2,572,815 (2025), a CAGR of -0.9% 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 $52,652. 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 98% of market value ($2,533,500 land vs $39,315 improvements), about $75/SF of land. With value concentrated in the land under a ~47-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 $2,572,815, 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 -0.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,459,602 by 2030, with an estimated annual tax burden around $46,333. 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 | 25,380 SF | ✗ |
| 1ST | 1st Floor | 3,339 SF | ✓ |
| 611 | TERRACE | 756 SF | ✗ |
| 501 | CANOPY | 491 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% | $23,803.68 | $23,803.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,481.99 | $13,481.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,669.80 | $9,669.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,036.51 | $3,036.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,660.29 | $2,660.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $52,652.27 | $52,652.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,847,880 | $2,572,815 | +10.7% |
| Assessed Value | $2,847,880 | $2,572,815 | +10.7% |
| Land Value | $2,533,500 | $2,533,500 | +0.0% |
| Improvement Value | $314,380 | $39,315 | +699.6% |
| Taxable Value | $2,847,880 | $2,572,815 | +10.7% |
| Total Tax 2026 = estimate |
~$58,281
Estimated
|
~$52,652
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,997,768 | $2,847,880 | -149,888 (-5.0%) |
| Taxable Value | $2,997,768 | $2,847,880 | -149,888 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,847,880 | $2,533,500 | $314,380 | — | $2,847,880 | $2,847,880 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,572,815 | $2,533,500 | $39,315 | — | $2,572,815 | $2,572,815 | ~$52,652 | Partial |
| 2024 | $2,692,353 | — | — | −$158,853 | $2,533,500 | $— | $51,756 | Verified |
| 2023 | $2,600,000 | — | — | −$66,500 | $2,533,500 | $— | $48,711 | Verified |
| 2022 | $2,312,000 | — | — | — | $2,533,500 ! | $— | $51,348 | Verified |
| 2021 | $2,667,126 | — | — | −$471,426 | $2,195,700 | $— | $50,325 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.5% | +16.5% | ~100% | Not available | Partial |
| 2025 | -1.5% | -1.5% | ~100% | Not available | Partial |
| 2024 | -3.0% | -3.0% | ~100% | 1.9800% | Verified |
| 2023 | +3.6% | +3.6% | ~100% | 1.8100% | Verified |
| 2022 | +6.3% | +6.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.8900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +5.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.7% | +1.8% | -2.8% | +12.5% | 2023 | -13.3% | 2022 |
| Assessment Ratio | 100.0% | 97.2% | — | 109.6% | 2022 | 82.3% | 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 |
$52,652 | $50,959 | ~$48,823 | $52,652 | 2025 | $48,711 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,549,763 | ~$2,549,763 | ~2.0139% | ~$51,351 | -0.9% |
| 2027 | ~$2,526,918 | ~$2,526,918 | ~1.9814% | ~$50,068 | -1.8% |
| 2028 | ~$2,504,277 | ~$2,504,277 | ~1.9488% | ~$48,804 | -2.7% |
| 2029 | ~$2,481,839 | ~$2,481,839 | ~1.9163% | ~$47,559 | -3.5% |
| 2030 | ~$2,459,602 | ~$2,459,602 | ~1.8837% | ~$46,333 | -4.4% |
| 2026 | ~$2,498,307 | ~$2,498,307 | ~2.0465% | ~$51,127 | -2.9% |
| 2027 | ~$2,425,956 | ~$2,425,956 | ~2.0465% | ~$49,647 | -5.7% |
| 2028 | ~$2,355,701 | ~$2,355,701 | ~2.0465% | ~$48,209 | -8.4% |
| 2029 | ~$2,287,480 | ~$2,287,480 | ~2.0465% | ~$46,813 | -11.1% |
| 2030 | ~$2,221,235 | ~$2,221,235 | ~2.0465% | ~$45,457 | -13.7% |
| 2026 | ~$2,601,219 | ~$2,601,219 | ~1.9977% | ~$51,964 | +1.1% |
| 2027 | ~$2,629,937 | ~$2,629,937 | ~1.9488% | ~$51,253 | +2.2% |
| 2028 | ~$2,658,972 | ~$2,658,972 | ~1.9000% | ~$50,521 | +3.3% |
| 2029 | ~$2,688,328 | ~$2,688,328 | ~1.8512% | ~$49,766 | +4.5% |
| 2030 | ~$2,718,007 | ~$2,718,007 | ~1.8024% | ~$48,989 | +5.6% |
In 2025, this property's market value of $2,572,815 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +82% 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 | $2,572,815 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,692,353 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,600,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,312,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,667,126 | $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.