1628 PALMA PLAZA TX 78703
| Owner | SNOBER BASHAR |
|---|---|
| Parcel ID | 0111030801 |
| Short ID | 110164 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 3,346 SF |
| Land SF | 12,005 SF |
| Acres | 0.276 |
| Year Built | 1966 |
| Legal | LOT 7 ENFIELD E |
| Neighborhood | Z3005 |
| Land | $937,775 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $937,775 |
| Improvement | $566,980 |
|---|---|
| Total Improvement | $566,980 |
| Market | $1,504,755 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,504,755 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,504,755 |
| Exemptions on file | HS |
|---|---|
| Taxable Value | $1,504,755 |
Appreciation: Market value has risen +35.0% from $1,114,651 (2021) to $1,504,755 (2025), a CAGR of 7.8% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 $30,795. Austin ISD is the largest single contributor, at 47.2% 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 62% of market value ($937,775 land vs $566,980 improvements), about $78/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,504,755, 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 -0.8% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,032,832 by 2031, with an estimated annual tax burden around $19,456. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,346 SF | ✗ |
| 1ST | 1st Floor | 1,854 SF | ✓ |
| 2ND | 2nd Floor | 1,492 SF | ✓ |
| 612 | TERRACE UNCOVERD | 594 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 28 SF | ✗ |
| 251 | BATHROOM | 3 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% | $12,626.71 | $12,626.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,486.40 | $6,486.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,652.30 | $4,652.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,542.12 | $1,542.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,460.92 | $1,460.92 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $26,768.45 | $26,768.45 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $12,626.71 | 47.2% |
| CAT City of Austin | 0.5240% | $6,486.40 | 24.2% |
| TCO Travis County | 0.3758% | $4,652.30 | 17.4% |
| ACT Austin Community College | 0.1034% | $1,542.12 | 5.8% |
| THD Travis Central Health | 0.1180% | $1,460.92 | 5.5% |
| Total | 2.0465% | $26,768.45 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,072,962 | $1,504,755 | -28.7% |
| Assessed Value | $1,072,962 | $1,504,755 | -28.7% |
| Land Value | $875,257 | $937,775 | -6.7% |
| Improvement Value | $197,705 | $566,980 | -65.1% |
| Taxable Value | $1,072,962 | $1,504,755 | -28.7% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$21,958
Estimated
|
~$26,768
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,072,962 | $875,257 | $197,705 | — | $1,072,962 | $1,072,962 | Not yet — post-cert | Preliminary |
| 2025 | $1,504,755 | $937,775 | $566,980 | — | $1,504,755 | $1,504,755 | ~$26,768 | Partial |
| 2024 | $1,904,628 | $937,500 | $967,128 | −$578,487 | $1,326,141 | $982,541 | $13,874 | Verified |
| 2023 | $1,788,542 | $937,500 | $851,042 | −$591,409 | $1,197,133 | $884,769 | $12,614 | Verified |
| 2022 | $1,625,346 | $937,500 | $687,846 | −$562,792 | $1,062,554 | $781,314 | $14,784 | Verified |
| 2021 | $1,114,651 | $625,000 | $489,651 | −$189,392 | $925,259 | $669,586 | $14,072 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -28.7% | -28.7% | ~100% | Not available | Partial |
| 2025 | -21.0% | +13.5% | ~100% | Not available | Partial |
| 2024 | +6.5% | +10.8% | 69.6% | No billing data | Verified |
| 2023 | +10.0% | +12.7% | 66.9% | No billing data | Verified |
| 2022 | +45.8% | +14.8% | 65.4% | No billing data | Verified |
| 2021 | base year | — | 83.0% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -28.7% | +2.5% | -0.8% | +45.8% | 2022 | -28.7% | 2026 |
| Assessment Ratio | 100.0% | 80.8% | — | 100.0% | 2025 | 65.4% | 2022 |
| Effective Tax Rate (2025) | 1.7800% | 1.7800% | — | 1.7800% | 2025 | 1.7800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$26,768 | $16,422 | ~$20,444 | $26,768 | 2025 | $12,614 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,064,813 | ~$1,064,813 | ~2.0139% | ~$21,445 | -0.8% |
| 2028 | ~$1,056,726 | ~$1,056,726 | ~1.9814% | ~$20,938 | -1.5% |
| 2029 | ~$1,048,701 | ~$1,048,701 | ~1.9488% | ~$20,437 | -2.3% |
| 2030 | ~$1,040,736 | ~$1,040,736 | ~1.9163% | ~$19,944 | -3.0% |
| 2031 | ~$1,032,832 | ~$1,032,832 | ~1.8837% | ~$19,456 | -3.7% |
| 2027 | ~$1,043,354 | ~$1,043,354 | ~2.0465% | ~$21,352 | -2.8% |
| 2028 | ~$1,014,563 | ~$1,014,563 | ~2.0465% | ~$20,763 | -5.4% |
| 2029 | ~$986,566 | ~$986,566 | ~2.0465% | ~$20,190 | -8.1% |
| 2030 | ~$959,342 | ~$959,342 | ~2.0465% | ~$19,633 | -10.6% |
| 2031 | ~$932,870 | ~$932,870 | ~2.0465% | ~$19,091 | -13.1% |
| 2027 | ~$1,086,272 | ~$1,086,272 | ~1.9977% | ~$21,700 | +1.2% |
| 2028 | ~$1,099,748 | ~$1,099,748 | ~1.9488% | ~$21,432 | +2.5% |
| 2029 | ~$1,113,391 | ~$1,113,391 | ~1.9000% | ~$21,155 | +3.8% |
| 2030 | ~$1,127,203 | ~$1,127,203 | ~1.8512% | ~$20,867 | +5.1% |
| 2031 | ~$1,141,186 | ~$1,141,186 | ~1.8024% | ~$20,568 | +6.4% |
In 2025, this property's market value of $1,504,755 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +190% 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 | $1,504,755 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,904,628 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,788,542 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,625,346 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,114,651 | $353,349 | $436,046 | $657,886 | ↑ Top 25% | 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 | — |