11112 GEORGIAN DR AUSTIN, TX 78753
| Owner | VNA INVESTMENTS INC |
|---|---|
| Parcel ID | 0247210703 |
| Short ID | 254507 |
| Type | Real |
| Use Code | 83 Service / Repair Garage |
| Valuation | Income |
| Improvement SF | 3,256 SF |
| Land SF | 38,000 SF |
| Acres | 0.872 |
| Year Built | 2000 |
| Legal | LOT 1 FLORES SUBD |
| Neighborhood | 83NOR |
| Land | $760,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $760,000 |
| Improvement | $52,000 |
|---|---|
| Total Improvement | $52,000 |
| Market | $812,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $812,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $812,000 |
| Taxable Value | $812,000 |
|---|
Appreciation: Market value has risen +57.2% from $516,500 (2021) to $812,000 (2025), a CAGR of 12.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 outpaced 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 $16,617. 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 94% of market value ($760,000 land vs $52,000 improvements), about $20/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $812,000, this parcel sits in the lower-middle (25th–50th 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 +12.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,429,431 by 2030, with an estimated annual tax burden around $24,634. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 3,256 SF | ✓ |
| 551 | PAVED AREA | 1,350 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 264 SF | ✗ |
| 061C | CARPORT ATT 1ST COMM | 240 SF | ✗ |
Market value changed by 75% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $7,512.62 | $7,512.62 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,255.02 | $4,255.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,051.86 | $3,051.86 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $958.35 | $958.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $839.61 | $839.61 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,617.46 | $16,617.46 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $934,500 | $812,000 | +15.1% |
| Assessed Value | $934,500 | $812,000 | +15.1% |
| Land Value | $760,000 | $760,000 | +0.0% |
| Improvement Value | $174,500 | $52,000 | +235.6% |
| Taxable Value | $934,500 | $812,000 | +15.1% |
| Total Tax 2026 = estimate |
~$19,124
Estimated
|
~$16,617
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,018,585 | $934,500 | -84,085 (-8.3%) |
| Taxable Value | $974,400 | $934,500 | -39,900 (-4.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $934,500 | $760,000 | $174,500 | — | $934,500 | $934,500 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $812,000 | $760,000 | $52,000 | — | $812,000 | $812,000 | ~$16,617 | Partial |
| 2024 | $885,400 | — | — | −$125,400 | $760,000 | $— | $17,547 | Verified |
| 2023 | $505,483 | — | — | — | $760,000 ! | $— | $16,019 | Verified |
| 2022 | $505,483 | — | — | −$125,483 | $380,000 | $— | $9,983 | Verified |
| 2021 | $516,500 | — | — | −$136,500 | $380,000 | $— | $11,003 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +25.4% | +20.0% | 95.7% | Not available | Partial |
| 2025 | -8.3% | -8.3% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +75.2% ! | +75.2% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +60.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.1% | +16.0% | +9.0% | +75.2% | 2024 | -8.3% | 2025 |
| Assessment Ratio | 100.0% | 97.5% | — | 150.4% | 2023 | 73.6% | 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 |
$16,617 | $14,234 | ~$21,187 | $17,547 | 2024 | $9,983 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$909,238 | ~$893,200 | ~2.0139% | ~$17,988 | +12.0% |
| 2027 | ~$1,018,120 | ~$982,520 | ~1.9814% | ~$19,468 | +25.4% |
| 2028 | ~$1,140,041 | ~$1,080,772 | ~1.9488% | ~$21,063 | +40.4% |
| 2029 | ~$1,276,561 | ~$1,188,849 | ~1.9163% | ~$22,782 | +57.2% |
| 2030 | ~$1,429,431 | ~$1,307,734 | ~1.8837% | ~$24,634 | +76.0% |
| 2026 | ~$892,998 | ~$892,998 | ~2.0465% | ~$18,275 | +10.0% |
| 2027 | ~$982,075 | ~$982,075 | ~2.0465% | ~$20,098 | +20.9% |
| 2028 | ~$1,080,038 | ~$1,080,038 | ~2.0465% | ~$22,103 | +33.0% |
| 2029 | ~$1,187,773 | ~$1,187,773 | ~2.0465% | ~$24,308 | +46.3% |
| 2030 | ~$1,306,254 | ~$1,306,254 | ~2.0465% | ~$26,732 | +60.9% |
| 2026 | ~$925,478 | ~$893,200 | ~1.9977% | ~$17,843 | +14.0% |
| 2027 | ~$1,054,814 | ~$982,520 | ~1.9488% | ~$19,148 | +29.9% |
| 2028 | ~$1,202,225 | ~$1,080,772 | ~1.9000% | ~$20,535 | +48.1% |
| 2029 | ~$1,370,237 | ~$1,188,849 | ~1.8512% | ~$22,008 | +68.7% |
| 2030 | ~$1,561,729 | ~$1,307,734 | ~1.8024% | ~$23,570 | +92.3% |
In 2025, this property's market value of $812,000 places it in the 25th–50th percentile for Commercial properties in Travis County (13608 comparable) — -43% below 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 | $812,000 | $649,268 | $1,417,484 | $3,347,260 | ↓ Below median | -0.8% |
| 2024 | $885,400 | $661,016 | $1,438,465 | $3,471,171 | ↓ Below median | +0.0% |
| 2023 | $505,483 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $505,483 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $516,500 | $517,750 | $1,142,600 | $2,780,453 | ↓ Bottom 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.