EXECUTIVE CENTER DR TX 78731
| Owner | LUZZATTO OAKS LLC |
|---|---|
| Parcel ID | 0241011101 |
| Short ID | 245597 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 29,760 SF |
| Land SF | 112,820 SF |
| Acres | 2.590 |
| Year Built | 1977 |
| Legal | LOT 3C *RESUB OF PT LOT 3 KOGER EXECUTIVE CENTER UNIT 2 |
| Neighborhood | 52NWE |
| Land | $5,076,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,076,900 |
| Improvement | $60,131 |
|---|---|
| Total Improvement | $60,131 |
| Market | $5,137,031 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,137,031 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,137,031 |
| Taxable Value | $5,137,031 |
|---|
Appreciation: Market value has fallen -21.5% from $6,542,510 (2021) to $5,137,031 (2025), a CAGR of -5.9% 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 $105,129. 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 99% of market value ($5,076,900 land vs $60,131 improvements), about $45/SF of land. With value concentrated in the land under a ~49-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 $5,137,031, 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 -5.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,796,837 by 2030, with an estimated annual tax burden around $71,523. 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 | 36,800 SF | ✗ |
| 1ST | 1st Floor | 14,880 SF | ✓ |
| 2ND | 2nd Floor | 14,880 SF | ✓ |
| 501 | CANOPY | 1,192 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% | $47,527.81 | $47,527.81 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $26,918.92 | $26,918.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $19,307.27 | $19,307.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,062.88 | $6,062.88 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $5,311.69 | $5,311.69 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $105,128.57 | $105,128.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,329,438 | $5,137,031 | +3.7% |
| Assessed Value | $5,329,438 | $5,137,031 | +3.7% |
| Land Value | $5,076,900 | $5,076,900 | +0.0% |
| Improvement Value | $252,538 | $60,131 | +320.0% |
| Taxable Value | $5,329,438 | $5,137,031 | +3.7% |
| Total Tax 2026 = estimate |
~$109,066
Estimated
|
~$105,129
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,329,438 | $5,329,438 | +0 (+0.0%) |
| Taxable Value | $5,329,438 | $5,329,438 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,329,438 | $5,076,900 | $252,538 | — | $5,329,438 | $5,329,438 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,137,031 | $5,076,900 | $60,131 | — | $5,137,031 | $5,137,031 | ~$105,129 | Partial |
| 2024 | $6,014,231 | — | — | −$639,292 | $5,374,939 | $— | $102,047 | Verified |
| 2023 | $6,450,287 | — | — | −$3,065,687 | $3,384,600 | $— | $109,073 | Verified |
| 2022 | $6,259,119 | — | — | −$2,874,519 | $3,384,600 | $— | $127,729 | Verified |
| 2021 | $6,542,510 | — | — | −$4,850,210 | $1,692,300 | $— | $136,663 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.7% | +3.7% | ~100% | Not available | Partial |
| 2025 | -4.4% | -4.4% | ~100% | Not available | Partial |
| 2024 | -14.4% | -14.4% | ~100% | 1.9000% | Verified |
| 2023 | -7.6% | -7.6% | ~100% | 1.7400% | Verified |
| 2022 | +2.0% | +2.0% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.0900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -22.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.7% | -3.8% | -6.5% | +3.7% | 2026 | -14.6% | 2025 |
| Assessment Ratio | 100.0% | 70.3% | — | 100.0% | 2025 | 25.9% | 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 |
$105,129 | $116,128 | ~$83,980 | $136,663 | 2021 | $102,047 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,835,642 | ~$4,835,642 | ~2.0139% | ~$97,387 | -5.9% |
| 2027 | ~$4,551,935 | ~$4,551,935 | ~1.9814% | ~$90,191 | -11.4% |
| 2028 | ~$4,284,874 | ~$4,284,874 | ~1.9488% | ~$83,505 | -16.6% |
| 2029 | ~$4,033,481 | ~$4,033,481 | ~1.9163% | ~$77,293 | -21.5% |
| 2030 | ~$3,796,837 | ~$3,796,837 | ~1.8837% | ~$71,523 | -26.1% |
| 2026 | ~$4,880,179 | ~$4,880,179 | ~2.0465% | ~$99,872 | -5.0% |
| 2027 | ~$4,636,170 | ~$4,636,170 | ~2.0465% | ~$94,879 | -9.8% |
| 2028 | ~$4,404,362 | ~$4,404,362 | ~2.0465% | ~$90,135 | -14.3% |
| 2029 | ~$4,184,144 | ~$4,184,144 | ~2.0465% | ~$85,628 | -18.5% |
| 2030 | ~$3,974,937 | ~$3,974,937 | ~2.0465% | ~$81,346 | -22.6% |
| 2026 | ~$4,938,383 | ~$4,938,383 | ~1.9977% | ~$98,652 | -3.9% |
| 2027 | ~$4,747,416 | ~$4,747,416 | ~1.9488% | ~$92,520 | -7.6% |
| 2028 | ~$4,563,834 | ~$4,563,834 | ~1.9000% | ~$86,714 | -11.2% |
| 2029 | ~$4,387,351 | ~$4,387,351 | ~1.8512% | ~$81,218 | -14.6% |
| 2030 | ~$4,217,692 | ~$4,217,692 | ~1.8024% | ~$76,018 | -17.9% |
In 2025, this property's market value of $5,137,031 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 | $5,137,031 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,014,231 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $6,450,287 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $6,259,119 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $6,542,510 | $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.