705 W 8 ST TX 78701
| Owner | PROCTER BEN R |
|---|---|
| Parcel ID | 0107000401 |
| Short ID | 105337 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,640 SF |
| Land SF | 7,170 SF |
| Acres | 0.165 |
| Year Built | 1948 |
| Legal | CEN 10 FT OF N 126 FT & W 8FT OF LOT 6 & E 32 FT OF LOT 7 & 10X56.8 FT OF LOT 7 & SE 2X22FT + ADJ ALLEY BLOCK 077 ORIGINAL CITY |
| Neighborhood | Z40005 |
| Land | $1,433,996 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,433,996 |
| Improvement | $89,908 |
|---|---|
| Total Improvement | $89,908 |
| Market | $1,523,904 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,523,904 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,523,904 |
| Taxable Value | $1,523,904 |
|---|
Appreciation: Market value has risen +163.7% from $577,821 (2021) to $1,523,904 (2025), a CAGR of 27.4% 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 Multi-Family parcel countywide rose +19.0%, so this parcel has outpaced the broader multi-family 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 $31,186. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. 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 ($1,433,996 land vs $89,908 improvements), about $200/SF of land. With value concentrated in the land under a ~78-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 $1,523,904, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). Multi-Family here is the broad TCAD category — every multi-family 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 +21.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $4,019,036 by 2031, with an estimated annual tax burden around $46,232. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,640 SF | ✓ |
| 551 | PAVED AREA | 850 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 328 SF | ✗ |
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.
| 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% | $14,099.16 | $14,099.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,985.52 | $7,985.52 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,727.52 | $5,727.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,798.56 | $1,798.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,575.72 | $1,575.72 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $31,186.48 | $31,186.48 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $14,099.16 | 45.2% |
| CAT City of Austin | 0.5240% | $7,985.52 | 25.6% |
| TCO Travis County | 0.3758% | $5,727.52 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,798.56 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,575.72 | 5.1% |
| Total | 2.0465% | $31,186.48 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,523,904 | $1,523,904 | +0.0% |
| Assessed Value | $1,523,904 | $1,523,904 | +0.0% |
| Land Value | $1,433,996 | $1,433,996 | +0.0% |
| Improvement Value | $89,908 | $89,908 | +0.0% |
| Taxable Value | $1,523,904 | $1,523,904 | +0.0% |
| Total Tax 2026 = estimate |
~$31,186
Estimated
|
~$31,186
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,523,904 | $1,433,996 | $89,908 | — | $1,523,904 | $1,523,904 | Not yet — post-cert | Preliminary |
| 2025 | $1,523,904 | $1,433,996 | $89,908 | — | $1,523,904 | $1,523,904 | ~$31,186 | Partial |
| 2024 | $1,522,903 | $1,433,996 | $88,907 | −$805,725 | $717,178 | $437,342 | $7,160 | Verified |
| 2023 | $917,878 | $600,000 | $317,878 | −$265,898 | $651,980 | $397,584 | $6,580 | Verified |
| 2022 | $915,134 | $600,000 | $315,134 | −$322,425 | $592,709 | $364,167 | $8,383 | Verified |
| 2021 | $577,821 | $390,000 | $187,821 | −$38,995 | $538,826 | $331,061 | $8,467 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.1% | +112.5% | ~100% | Not available | Partial |
| 2024 | +65.9% | +10.0% | 47.1% | No billing data | Verified |
| 2023 | +0.3% | +10.0% | 71.0% | No billing data | Verified |
| 2022 | +58.4% | +10.0% | 64.8% | No billing data | Verified |
| 2021 | base year | — | 93.2% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +163.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +24.9% | +21.4% | +65.9% | 2024 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 79.4% | — | 100.0% | 2025 | 47.1% | 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 |
$31,186 | $12,355 | ~$39,762 | $31,186 | 2025 | $6,580 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,850,080 | ~$1,676,294 | ~2.0139% | ~$33,759 | +21.4% |
| 2028 | ~$2,246,070 | ~$1,843,924 | ~1.9814% | ~$36,535 | +47.4% |
| 2029 | ~$2,726,818 | ~$2,028,316 | ~1.9488% | ~$39,529 | +78.9% |
| 2030 | ~$3,310,465 | ~$2,231,148 | ~1.9163% | ~$42,755 | +117.2% |
| 2031 | ~$4,019,036 | ~$2,454,263 | ~1.8837% | ~$46,232 | +163.7% |
| 2027 | ~$1,819,602 | ~$1,676,294 | ~2.0465% | ~$34,305 | +19.4% |
| 2028 | ~$2,172,677 | ~$1,843,924 | ~2.0465% | ~$37,736 | +42.6% |
| 2029 | ~$2,594,262 | ~$2,028,316 | ~2.0465% | ~$41,509 | +70.2% |
| 2030 | ~$3,097,651 | ~$2,231,148 | ~2.0465% | ~$45,660 | +103.3% |
| 2031 | ~$3,698,719 | ~$2,454,263 | ~2.0465% | ~$50,226 | +142.7% |
| 2027 | ~$1,880,558 | ~$1,676,294 | ~1.9977% | ~$33,487 | +23.4% |
| 2028 | ~$2,320,683 | ~$1,843,924 | ~1.9488% | ~$35,935 | +52.3% |
| 2029 | ~$2,863,815 | ~$2,028,316 | ~1.9000% | ~$38,538 | +87.9% |
| 2030 | ~$3,534,061 | ~$2,231,148 | ~1.8512% | ~$41,303 | +131.9% |
| 2031 | ~$4,361,171 | ~$2,454,263 | ~1.8024% | ~$44,235 | +186.2% |
In 2025, this property's market value of $1,523,904 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +194% above the county median of $519,086. Multi-Family here is the broad TCAD category — every multi-family 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 | $1,523,904 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,522,903 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $917,878 | $503,694 | $616,727 | $918,308 | ↑ Above median | +0.9% |
| 2022 | $915,134 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $577,821 | $353,349 | $436,046 | $657,886 | ↑ Above median | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |