8303 BURNET RD TX 78757
| Owner | NEW WORLD LLC |
|---|---|
| Parcel ID | 0241070217 |
| Short ID | 246018 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,050 SF |
| Land SF | 40,878 SF |
| Acres | 0.938 |
| Year Built | 1975 |
| Legal | LOT A UNDERWOODS CORNER |
| Neighborhood | 30CEN |
| Land | $3,065,850 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,065,850 |
| Improvement | $108,142 |
|---|---|
| Total Improvement | $108,142 |
| Market | $3,173,992 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,173,992 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,173,992 |
| Taxable Value | $3,173,992 |
|---|
Appreciation: Market value has risen +12.9% from $2,811,776 (2021) to $3,173,992 (2025), a CAGR of 3.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), 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 $64,955. 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 97% of market value ($3,065,850 land vs $108,142 improvements), about $75/SF of land. With value concentrated in the land under a ~51-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 $3,173,992, 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 +3.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,693,067 by 2030, with an estimated annual tax burden around $69,568. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 24,539 SF | ✗ |
| 1ST | 1st Floor | 7,050 SF | ✓ |
| 611 | TERRACE | 2,501 SF | ✗ |
| 501 | CANOPY | 804 SF | ✗ |
| 541 | FENCE COMM LF | 80 SF | ✗ |
| 482 | LIGHT POLES | 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% | $29,365.77 | $29,365.77 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,632.26 | $16,632.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,929.29 | $11,929.29 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,746.04 | $3,746.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,281.91 | $3,281.91 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $64,955.27 | $64,955.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,180,090 | $3,173,992 | +0.2% |
| Assessed Value | $3,180,090 | $3,173,992 | +0.2% |
| Land Value | $3,065,850 | $3,065,850 | +0.0% |
| Improvement Value | $114,240 | $108,142 | +5.6% |
| Taxable Value | $3,180,090 | $3,173,992 | +0.2% |
| Total Tax 2026 = estimate |
~$65,080
Estimated
|
~$64,955
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,180,090 | $3,180,090 | +0 (+0.0%) |
| Taxable Value | $3,180,090 | $3,180,090 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,180,090 | $3,065,850 | $114,240 | — | $3,180,090 | $3,180,090 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,173,992 | $3,065,850 | $108,142 | — | $3,173,992 | $3,173,992 | ~$64,955 | Partial |
| 2024 | $3,286,580 | — | — | −$220,730 | $3,065,850 | $— | $62,883 | Verified |
| 2023 | $3,075,850 | — | — | −$10,000 | $3,065,850 | $— | $59,462 | Verified |
| 2022 | $2,712,000 | — | — | — | $3,065,850 ! | $— | $60,746 | Verified |
| 2021 | $2,811,776 | — | — | −$154,706 | $2,657,070 | $— | $59,032 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -3.5% | -3.5% | ~100% | 1.9800% | Verified |
| 2023 | +6.9% | +6.9% | ~100% | 1.8100% | Verified |
| 2022 | +13.4% | +13.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +17.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.2% | +2.7% | +3.0% | +13.4% | 2023 | -3.5% | 2022 |
| Assessment Ratio | 100.0% | 100.1% | — | 113.0% | 2022 | 93.3% | 2024 |
| 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 |
$64,955 | $61,416 | ~$67,734 | $64,955 | 2025 | $59,032 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,271,614 | ~$3,271,614 | ~2.0139% | ~$65,888 | +3.1% |
| 2027 | ~$3,372,239 | ~$3,372,239 | ~1.9814% | ~$66,817 | +6.2% |
| 2028 | ~$3,475,959 | ~$3,475,959 | ~1.9488% | ~$67,741 | +9.5% |
| 2029 | ~$3,582,869 | ~$3,582,869 | ~1.9163% | ~$68,658 | +12.9% |
| 2030 | ~$3,693,067 | ~$3,693,067 | ~1.8837% | ~$69,568 | +16.4% |
| 2026 | ~$3,208,135 | ~$3,208,135 | ~2.0465% | ~$65,654 | +1.1% |
| 2027 | ~$3,242,644 | ~$3,242,644 | ~2.0465% | ~$66,360 | +2.2% |
| 2028 | ~$3,277,525 | ~$3,277,525 | ~2.0465% | ~$67,074 | +3.3% |
| 2029 | ~$3,312,782 | ~$3,312,782 | ~2.0465% | ~$67,796 | +4.4% |
| 2030 | ~$3,348,417 | ~$3,348,417 | ~2.0465% | ~$68,525 | +5.5% |
| 2026 | ~$3,335,094 | ~$3,335,094 | ~1.9977% | ~$66,624 | +5.1% |
| 2027 | ~$3,504,373 | ~$3,504,373 | ~1.9488% | ~$68,295 | +10.4% |
| 2028 | ~$3,682,245 | ~$3,682,245 | ~1.9000% | ~$69,963 | +16.0% |
| 2029 | ~$3,869,144 | ~$3,869,144 | ~1.8512% | ~$71,625 | +21.9% |
| 2030 | ~$4,065,530 | ~$4,065,530 | ~1.8024% | ~$73,276 | +28.1% |
In 2025, this property's market value of $3,173,992 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +124% 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 | $3,173,992 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $3,286,580 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $3,075,850 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,712,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,811,776 | $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.