3420 EXECUTIVE CENTER DR TX 78731
| Owner | LUZZATTO OAKS LLC |
|---|---|
| Parcel ID | 0241011102 |
| Short ID | 245598 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 43,177 SF |
| Land SF | 134,600 SF |
| Acres | 3.090 |
| Year Built | 1984 |
| Legal | LOT 3B *RESUB PT OF LOT 3 KOGER EXECUTIVE CENTER UNIT 2 |
| Neighborhood | 51NWE |
| Land | $6,730,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,730,000 |
| Improvement | $1,926,857 |
|---|---|
| Total Improvement | $1,926,857 |
| Market | $8,656,857 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,656,857 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,656,857 |
| Taxable Value | $8,656,857 |
|---|
Appreciation: Market value has fallen -26.2% from $11,727,251 (2021) to $8,656,857 (2025), a CAGR of -7.3% 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 $177,161. 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 78% of market value ($6,730,000 land vs $1,926,857 improvements), about $50/SF of land. With value concentrated in the land under a ~42-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 $8,656,857, 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 -7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,923,321 by 2030, with an estimated annual tax burden around $111,580. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 120,000 SF | ✗ |
| 3RD | 3rd Floor | 14,641 SF | ✓ |
| 2ND | 2nd Floor | 14,521 SF | ✓ |
| 1ST | 1st Floor | 14,015 SF | ✓ |
| 4TH | 4th Floor | 6,655 SF | ✓ |
| 501 | CANOPY | 626 SF | ✗ |
| 482 | LIGHT POLES | 8 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% | $76,049.36 | $76,049.36 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $43,073.02 | $43,073.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $30,893.61 | $30,893.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,701.23 | $9,701.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,499.25 | $8,499.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $168,216.47 | $168,216.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,470,311 | $8,656,857 | -2.2% |
| Assessed Value | $8,470,311 | $8,656,857 | -2.2% |
| Land Value | $6,730,000 | $6,730,000 | +0.0% |
| Improvement Value | $1,740,311 | $1,926,857 | -9.7% |
| Taxable Value | $8,470,311 | $8,656,857 | -2.2% |
| Total Tax 2026 = estimate |
~$173,344
Estimated
|
~$168,216
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,470,311 | $8,470,311 | +0 (+0.0%) |
| Taxable Value | $8,470,311 | $8,470,311 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,470,311 | $6,730,000 | $1,740,311 | — | $8,470,311 | $8,470,311 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,656,857 | $6,730,000 | $1,926,857 | — | $8,656,857 | $8,656,857 | ~$168,216 | Partial |
| 2024 | $10,803,605 | — | — | −$4,073,605 | $6,730,000 | $— | $183,312 | Verified |
| 2023 | $12,031,406 | — | — | −$7,993,406 | $4,038,000 | $— | $195,933 | Verified |
| 2022 | $11,274,645 | — | — | −$7,236,645 | $4,038,000 | $— | $238,247 | Verified |
| 2021 | $11,727,251 | — | — | −$9,708,251 | $2,019,000 | $— | $246,173 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.2% | -2.2% | ~100% | Not available | Partial |
| 2025 | -10.3% | -10.3% | ~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): -27.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.2% | -5.9% | -6.9% | +6.7% | 2023 | -19.9% | 2025 |
| Assessment Ratio | 100.0% | 58.1% | — | 100.0% | 2025 | 17.2% | 2021 |
| Effective Tax Rate (2025) | 1.9400% | 1.9400% | — | 1.9400% | 2025 | 1.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$168,216 | $206,376 | ~$135,474 | $246,173 | 2021 | $168,216 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,024,191 | ~$8,024,191 | ~2.0139% | ~$161,602 | -7.3% |
| 2027 | ~$7,437,762 | ~$7,437,762 | ~1.9814% | ~$147,371 | -14.1% |
| 2028 | ~$6,894,190 | ~$6,894,190 | ~1.9488% | ~$134,357 | -20.4% |
| 2029 | ~$6,390,344 | ~$6,390,344 | ~1.9163% | ~$122,458 | -26.2% |
| 2030 | ~$5,923,321 | ~$5,923,321 | ~1.8837% | ~$111,580 | -31.6% |
| 2026 | ~$8,224,014 | ~$8,224,014 | ~2.0465% | ~$168,303 | -5.0% |
| 2027 | ~$7,812,813 | ~$7,812,813 | ~2.0465% | ~$159,888 | -9.8% |
| 2028 | ~$7,422,173 | ~$7,422,173 | ~2.0465% | ~$151,894 | -14.3% |
| 2029 | ~$7,051,064 | ~$7,051,064 | ~2.0465% | ~$144,299 | -18.5% |
| 2030 | ~$6,698,511 | ~$6,698,511 | ~2.0465% | ~$137,084 | -22.6% |
| 2026 | ~$8,197,328 | ~$8,197,328 | ~1.9977% | ~$163,755 | -5.3% |
| 2027 | ~$7,762,192 | ~$7,762,192 | ~1.9488% | ~$151,273 | -10.3% |
| 2028 | ~$7,350,154 | ~$7,350,154 | ~1.9000% | ~$139,654 | -15.1% |
| 2029 | ~$6,959,988 | ~$6,959,988 | ~1.8512% | ~$128,843 | -19.6% |
| 2030 | ~$6,590,534 | ~$6,590,534 | ~1.8024% | ~$118,786 | -23.9% |
In 2025, this property's market value of $8,656,857 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 6× 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 | $8,656,857 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $10,803,605 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $12,031,406 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $11,274,645 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $11,727,251 | $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.