5621 EMERALD FOREST DR TX 78745
| Owner | EMERALD FOREST PROJECT LLC |
|---|---|
| Parcel ID | 0413111003 |
| Short ID | 319613 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,420 SF |
| Land SF | 27,151 SF |
| Acres | 0.623 |
| Year Built | 2020 |
| Legal | LOT 1 CHERRY CREEK EAST SEC 2-A |
| Neighborhood | 53SOU |
| Land | $325,812 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $325,812 |
| Improvement | $4,188,390 |
|---|---|
| Total Improvement | $4,188,390 |
| Market | $4,514,202 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,514,202 |
| Value Limitation Adjustment (−) (homestead cap) | −$3,575,222 |
| Net Appraised (assessed) | $938,980 |
| Taxable Value | $938,980 |
|---|
Appreciation: Market value has risen +1285.5% from $325,812 (2021) to $4,514,202 (2025), a CAGR of 92.9% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $19,216. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($938,980) is $3,575,222 below market value, suggesting potential for an upward assessment in future years.
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 7% of market value ($325,812 land vs $4,188,390 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $4,514,202, 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 +92.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $120,669,741 by 2030, with an estimated annual tax burden around $28,487. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 5,120 SF | ✓ |
| 2ND | 2nd Floor | 2,300 SF | ✓ |
Market value changed by 784% in 2024, 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% | $8,687.44 | $8,687.44 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,920.41 | $4,920.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,529.11 | $3,529.11 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,108.21 | $1,108.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $970.91 | $970.91 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,216.08 | $19,216.08 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,022,195 | $4,514,202 | -33.1% |
| Assessed Value | $1,126,776 | $938,980 | +20.0% |
| Land Value | $325,812 | $325,812 | +0.0% |
| Improvement Value | $2,696,383 | $4,188,390 | -35.6% |
| Taxable Value | $1,126,776 | $938,980 | +20.0% |
| HS Cap Loss | -$1,895,419 | — | |
| Total Tax 2026 = estimate |
~$23,059
Estimated
|
~$19,216
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,022,195 | $3,022,195 | +0 (+0.0%) |
| Taxable Value | $1,126,776 | $1,126,776 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,022,195 | $325,812 | $2,696,383 | −$1,895,419 | $1,126,776 | $1,126,776 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,514,202 | $325,812 | $4,188,390 | −$3,575,222 | $938,980 | $938,980 | ~$19,216 | Partial |
| 2024 | $652,069 | — | — | −$326,257 | $325,812 | $— | $15,507 | Verified |
| 2023 | $806,074 | — | — | −$480,262 | $325,812 | $— | $11,798 | Verified |
| 2022 | $833,528 | — | — | −$507,716 | $325,812 | $— | $15,919 | Verified |
| 2021 | $325,812 | — | — | — | $325,812 | $— | $18,143 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -33.1% | +20.0% | 37.3% | Not available | Partial |
| 2025 | -21.6% | -83.7% | 20.8% | Not available | Partial |
| 2024 | +783.5% ! | +783.5% | ~100% | 0.2700% | Verified |
| 2023 | -24.0% | -24.0% | ~100% | 1.8100% | Verified |
| 2022 | +2.9% | +2.9% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 5.5700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +441.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -33.1% | +138.5% | +112.0% | +592.3% | 2025 | -33.1% | 2026 |
| Assessment Ratio | 37.3% | 47.9% | — | 100.0% | 2021 | 20.8% | 2025 |
| Effective Tax Rate (2025) | 0.4300% | 0.4300% | — | 0.4300% | 2025 | 0.4300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,216 | $16,117 | ~$24,500 | $19,216 | 2025 | $11,798 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,709,324 | ~$1,032,878 | ~2.0139% | ~$20,802 | +92.9% |
| 2027 | ~$16,803,043 | ~$1,136,166 | ~1.9814% | ~$22,512 | +272.2% |
| 2028 | ~$32,418,389 | ~$1,249,782 | ~1.9488% | ~$24,356 | +618.1% |
| 2029 | ~$62,545,332 | ~$1,374,761 | ~1.9163% | ~$26,344 | +1285.5% |
| 2030 | ~$120,669,741 | ~$1,512,237 | ~1.8837% | ~$28,487 | +2573.1% |
| 2026 | ~$8,619,040 | ~$1,032,878 | ~2.0465% | ~$21,138 | +90.9% |
| 2027 | ~$16,456,476 | ~$1,136,166 | ~2.0465% | ~$23,251 | +264.5% |
| 2028 | ~$31,420,621 | ~$1,249,782 | ~2.0465% | ~$25,577 | +596.0% |
| 2029 | ~$59,991,910 | ~$1,374,761 | ~2.0465% | ~$28,134 | +1229.0% |
| 2030 | ~$114,543,544 | ~$1,512,237 | ~2.0465% | ~$30,948 | +2437.4% |
| 2026 | ~$8,799,608 | ~$1,032,878 | ~1.9977% | ~$20,633 | +94.9% |
| 2027 | ~$17,153,222 | ~$1,136,166 | ~1.9488% | ~$22,142 | +280.0% |
| 2028 | ~$33,437,058 | ~$1,249,782 | ~1.9000% | ~$23,746 | +640.7% |
| 2029 | ~$65,179,410 | ~$1,374,761 | ~1.8512% | ~$25,449 | +1343.9% |
| 2030 | ~$127,055,299 | ~$1,512,237 | ~1.8024% | ~$27,256 | +2714.6% |
In 2025, this property's market value of $4,514,202 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,514,202 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $652,069 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $806,074 | $667,828 | $1,414,358 | $3,374,900 | ↓ Below median | +9.7% |
| 2022 | $833,528 | $553,066 | $1,215,730 | $2,939,150 | ↓ Below median | +3.3% |
| 2021 | $325,812 | $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.