3928 PROMONTORY POINT DR TX 78744
| Owner | TDCJ 2000 LLC |
|---|---|
| Parcel ID | 0316060205 |
| Short ID | 292492 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 15,647 SF |
| Land SF | 103,529 SF |
| Acres | 2.377 |
| Year Built | 2014 |
| Legal | LOT 1 BLK B MISSOURI-PACIFIC INDUSTRIAL PK SEC 1 AMND LTS 14-15 BL B |
| Neighborhood | 52SEA |
| Land | $517,645 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $517,645 |
| Improvement | $1,530,727 |
|---|---|
| Total Improvement | $1,530,727 |
| Market | $2,048,372 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,048,372 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,048,372 |
| Taxable Value | $2,048,372 |
|---|
Appreciation: Market value has fallen -24.5% from $2,714,593 (2021) to $2,048,372 (2025), a CAGR of -6.8% over 4 years. Growth has been relatively flat for this asset class. 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 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 $41,920. 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 25% of market value ($517,645 land vs $1,530,727 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age (~12 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,048,372, 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 -6.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,440,585 by 2030, with an estimated annual tax burden around $27,137. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 26,200 SF | ✗ |
| 1ST | 1st Floor | 15,647 SF | ✓ |
| 611 | TERRACE | 1,170 SF | ✗ |
| 501 | CANOPY | 328 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% | $18,951.54 | $18,951.54 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,733.82 | $10,733.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,698.70 | $7,698.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,417.55 | $2,417.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,118.02 | $2,118.02 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,919.63 | $41,919.63 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,395,762 | $2,048,372 | -31.9% |
| Assessed Value | $1,395,762 | $2,048,372 | -31.9% |
| Land Value | $517,645 | $517,645 | +0.0% |
| Improvement Value | $878,117 | $1,530,727 | -42.6% |
| Taxable Value | $1,395,762 | $2,048,372 | -31.9% |
| Total Tax 2026 = estimate |
~$28,564
Estimated
|
~$41,920
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,395,762 | $1,395,762 | +0 (+0.0%) |
| Taxable Value | $1,395,762 | $1,395,762 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,395,762 | $517,645 | $878,117 | — | $1,395,762 | $1,395,762 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,048,372 | $517,645 | $1,530,727 | — | $2,048,372 | $2,048,372 | ~$41,920 | Partial |
| 2024 | $2,436,480 | — | — | −$1,918,835 | $517,645 | $— | $45,282 | Verified |
| 2023 | $2,794,500 | — | — | −$2,276,855 | $517,645 | $— | $44,082 | Verified |
| 2022 | $2,689,613 | — | — | −$2,171,968 | $517,645 | $— | $55,225 | Verified |
| 2021 | $2,714,593 | — | — | −$2,196,948 | $517,645 | $— | $58,544 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -31.9% | -31.9% | ~100% | Not available | Partial |
| 2025 | -10.4% | -10.4% | ~100% | Not available | Partial |
| 2024 | -6.2% | -6.2% | ~100% | 1.9800% | Verified |
| 2023 | -13.9% | -13.9% | ~100% | 1.8100% | Verified |
| 2022 | +5.2% | +5.2% | ~100% | 1.9500% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -23.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -31.9% | -11.5% | +1.9% | +3.9% | 2023 | -31.9% | 2026 |
| Assessment Ratio | 100.0% | 46.3% | — | 100.0% | 2025 | 18.5% | 2023 |
| 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 |
$41,920 | $49,010 | ~$32,556 | $58,544 | 2021 | $41,920 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,909,127 | ~$1,909,127 | ~2.0139% | ~$38,449 | -6.8% |
| 2027 | ~$1,779,348 | ~$1,779,348 | ~1.9814% | ~$35,256 | -13.1% |
| 2028 | ~$1,658,391 | ~$1,658,391 | ~1.9488% | ~$32,319 | -19.0% |
| 2029 | ~$1,545,656 | ~$1,545,656 | ~1.9163% | ~$29,619 | -24.5% |
| 2030 | ~$1,440,585 | ~$1,440,585 | ~1.8837% | ~$27,137 | -29.7% |
| 2026 | ~$1,945,953 | ~$1,945,953 | ~2.0465% | ~$39,824 | -5.0% |
| 2027 | ~$1,848,656 | ~$1,848,656 | ~2.0465% | ~$37,832 | -9.7% |
| 2028 | ~$1,756,223 | ~$1,756,223 | ~2.0465% | ~$35,941 | -14.3% |
| 2029 | ~$1,668,412 | ~$1,668,412 | ~2.0465% | ~$34,144 | -18.5% |
| 2030 | ~$1,584,991 | ~$1,584,991 | ~2.0465% | ~$32,437 | -22.6% |
| 2026 | ~$1,950,095 | ~$1,950,095 | ~1.9977% | ~$38,956 | -4.8% |
| 2027 | ~$1,856,532 | ~$1,856,532 | ~1.9488% | ~$36,181 | -9.4% |
| 2028 | ~$1,767,459 | ~$1,767,459 | ~1.9000% | ~$33,582 | -13.7% |
| 2029 | ~$1,682,659 | ~$1,682,659 | ~1.8512% | ~$31,149 | -17.9% |
| 2030 | ~$1,601,928 | ~$1,601,928 | ~1.8024% | ~$28,873 | -21.8% |
In 2025, this property's market value of $2,048,372 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +45% 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 | $2,048,372 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,436,480 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,794,500 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,689,613 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,714,593 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.