10509 BURNET RD TX
| Owner | VERDE WAY LLC |
|---|---|
| Parcel ID | 0252080804 |
| Short ID | 547972 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 47,868 SF |
| Acres | 1.099 |
| Year Built | — |
| Legal | LOT 1 LESS S 32FT HODGES INDUSTRIAL SUBD |
| Neighborhood | 1NO1 |
| Land | $4,786,808 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,786,808 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $4,786,808 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,786,808 |
| Value Limitation Adjustment (−) (homestead cap) | −$209,349 |
| Net Appraised (assessed) | $4,577,459 |
| Taxable Value | $4,577,459 |
|---|
Appreciation: Market value has risen +83.7% from $2,606,400 (2021) to $4,786,808 (2025), a CAGR of 16.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant 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 $93,677. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($4,577,459) is $209,349 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($4,786,808 land vs $0 improvements), about $100/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 $4,786,808, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +16.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,234,160 by 2030, with an estimated annual tax burden around $192,785. 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.
Market value changed by 537% in 2026, 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% | $42,350.65 | $42,350.65 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $23,986.66 | $23,986.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17,204.15 | $17,204.15 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,402.45 | $5,402.45 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,733.09 | $4,733.09 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $93,677.00 | $93,677.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $30,482,098 | $4,786,808 | +536.8% |
| Assessed Value | $5,492,951 | $4,577,459 | +20.0% |
| Land Value | $30,482,098 | $4,786,808 | +536.8% |
| Improvement Value | — | — | — |
| Taxable Value | $5,492,951 | $4,577,459 | +20.0% |
| HS Cap Loss | -$24,989,147 | — | |
| Total Tax 2026 = estimate |
~$112,412
Estimated
|
~$93,677
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $30,482,098 | $30,482,098 | +0 (+0.0%) |
| Taxable Value | $5,492,951 | $5,492,951 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $30,482,098 | $30,482,098 | — | −$24,989,147 | $5,492,951 | $5,492,951 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,786,808 | $4,786,808 | — | −$209,349 | $4,577,459 | $4,577,459 | ~$93,677 | Partial |
| 2024 | $— | — | — | — | $3,814,549 | $— | $75,597 | Verified |
| 2023 | $— | — | — | — | $3,814,549 | $— | $69,015 | Verified |
| 2022 | $— | — | — | — | $2,288,729 | $— | $45,201 | Verified |
| 2021 | $2,606,400 | — | — | −$699,125 | $1,907,275 | $— | $41,515 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +536.8% ! | +20.0% | 18.0% | Not available | Partial |
| 2025 | +25.5% | +20.0% | 95.6% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +66.7% | +66.7% | ~100% | 1.8100% | Verified |
| 2022 | +20.0% | +20.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.5900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +151.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +536.8% | +310.2% | -3.2% | +536.8% | 2026 | +83.7% | 2025 |
| Assessment Ratio | 18.0% | 62.3% | — | 95.6% | 2025 | 18.0% | 2026 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$93,677 | $67,596 | ~$149,837 | $93,677 | 2025 | $41,515 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,572,464 | ~$5,572,464 | ~2.0139% | ~$112,226 | +16.4% |
| 2027 | ~$6,487,068 | ~$6,487,068 | ~1.9814% | ~$128,534 | +35.5% |
| 2028 | ~$7,551,787 | ~$7,551,787 | ~1.9488% | ~$147,172 | +57.8% |
| 2029 | ~$8,791,256 | ~$8,791,256 | ~1.9163% | ~$168,466 | +83.7% |
| 2030 | ~$10,234,160 | ~$10,234,160 | ~1.8837% | ~$192,785 | +113.8% |
| 2026 | ~$5,476,727 | ~$5,476,727 | ~2.0465% | ~$112,080 | +14.4% |
| 2027 | ~$6,266,085 | ~$6,266,085 | ~2.0465% | ~$128,234 | +30.9% |
| 2028 | ~$7,169,211 | ~$7,169,211 | ~2.0465% | ~$146,717 | +49.8% |
| 2029 | ~$8,202,505 | ~$8,202,505 | ~2.0465% | ~$167,863 | +71.4% |
| 2030 | ~$9,384,727 | ~$9,384,727 | ~2.0465% | ~$192,057 | +96.1% |
| 2026 | ~$5,668,200 | ~$5,668,200 | ~1.9977% | ~$113,231 | +18.4% |
| 2027 | ~$6,711,882 | ~$6,711,882 | ~1.9488% | ~$130,804 | +40.2% |
| 2028 | ~$7,947,736 | ~$7,947,736 | ~1.9000% | ~$151,008 | +66.0% |
| 2029 | ~$9,411,147 | ~$9,411,147 | ~1.8512% | ~$174,219 | +96.6% |
| 2030 | ~$11,144,016 | ~$11,144,016 | ~1.8024% | ~$200,857 | +132.8% |
In 2025, this property's market value of $4,786,808 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 56× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $4,786,808 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $2,606,400 | $6,000 | $14,480 | $80,000 | ↑ 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.