1607 PALMA PLAZA TX 78703
| Owner | YOUNGDALE PAUL J JR & PATRICIA |
|---|---|
| Parcel ID | 0111030906 |
| Short ID | 110192 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,140 SF |
| Land SF | 6,249 SF |
| Acres | 0.143 |
| Year Built | 1950 |
| Legal | LOT 7 ENFIELD C |
| Neighborhood | Z3005 |
| Land | $810,912 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $810,912 |
| Improvement | $266,069 |
|---|---|
| Total Improvement | $266,069 |
| Market | $1,076,981 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,076,981 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,076,981 |
| Taxable Value | $1,076,981 |
|---|
Appreciation: Market value has risen +24.5% from $864,717 (2021) to $1,076,981 (2025), a CAGR of 5.6% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $22,040. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 75% of market value ($810,912 land vs $266,069 improvements), about $130/SF of land. With value concentrated in the land under a ~76-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 $1,076,981, 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 $939,108 by 2031, with an estimated annual tax burden around $17,690. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,740 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 800 SF | ✗ |
| 2ND | 2nd Floor | 400 SF | ✓ |
| 612 | TERRACE UNCOVERD | 108 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 56 SF | ✗ |
| 251 | BATHROOM | 5 SF | ✓ |
| 522 | FIREPLACE | 2 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% | $9,964.23 | $9,964.23 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,643.56 | $5,643.56 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,047.78 | $4,047.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,271.09 | $1,271.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,113.60 | $1,113.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,040.26 | $22,040.26 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $9,964.23 | 45.2% |
| CAT City of Austin | 0.5240% | $5,643.56 | 25.6% |
| TCO Travis County | 0.3758% | $4,047.78 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,271.09 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,113.60 | 5.1% |
| Total | 2.0465% | $22,040.26 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $901,145 | $1,076,981 | -16.3% |
| Assessed Value | $901,145 | $1,076,981 | -16.3% |
| Land Value | $756,851 | $810,912 | -6.7% |
| Improvement Value | $144,294 | $266,069 | -45.8% |
| Taxable Value | $901,145 | $1,076,981 | -16.3% |
| Total Tax 2026 = estimate |
~$18,442
Estimated
|
~$22,040
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $901,145 | $756,851 | $144,294 | — | $901,145 | $901,145 | Not yet — post-cert | Preliminary |
| 2025 | $1,076,981 | $810,912 | $266,069 | — | $1,076,981 | $1,076,981 | ~$22,040 | Partial |
| 2024 | $1,255,768 | $750,000 | $505,768 | — | $1,255,768 | $1,255,768 | $24,887 | Verified |
| 2023 | $1,103,500 | $750,000 | $353,500 | — | $1,103,500 | $1,103,500 | $19,965 | Verified |
| 2022 | $1,025,185 | $750,000 | $275,185 | — | $1,025,185 | $1,025,185 | $20,247 | Verified |
| 2021 | $864,717 | $500,000 | $364,717 | — | $864,717 | $864,717 | $18,822 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -16.3% | -16.3% | ~100% | Not available | Partial |
| 2025 | -14.2% | -14.2% | ~100% | Not available | Partial |
| 2024 | +13.8% | +13.8% | ~100% | No billing data | Verified |
| 2023 | +7.6% | +7.6% | ~100% | No billing data | Verified |
| 2022 | +18.6% | +18.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -16.3% | +1.9% | +0.8% | +18.6% | 2022 | -16.3% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| 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 |
$22,040 | $21,192 | ~$17,998 | $24,887 | 2024 | $18,822 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$908,613 | ~$908,613 | ~2.0139% | ~$18,299 | +0.8% |
| 2028 | ~$916,142 | ~$916,142 | ~1.9814% | ~$18,152 | +1.7% |
| 2029 | ~$923,734 | ~$923,734 | ~1.9488% | ~$18,002 | +2.5% |
| 2030 | ~$931,389 | ~$931,389 | ~1.9163% | ~$17,848 | +3.4% |
| 2031 | ~$939,108 | ~$939,108 | ~1.8837% | ~$17,690 | +4.2% |
| 2027 | ~$890,590 | ~$890,590 | ~2.0465% | ~$18,226 | -1.2% |
| 2028 | ~$880,158 | ~$880,158 | ~2.0465% | ~$18,012 | -2.3% |
| 2029 | ~$869,849 | ~$869,849 | ~2.0465% | ~$17,801 | -3.5% |
| 2030 | ~$859,660 | ~$859,660 | ~2.0465% | ~$17,593 | -4.6% |
| 2031 | ~$849,591 | ~$849,591 | ~2.0465% | ~$17,387 | -5.7% |
| 2027 | ~$926,636 | ~$926,636 | ~1.9977% | ~$18,511 | +2.8% |
| 2028 | ~$952,847 | ~$952,847 | ~1.9488% | ~$18,569 | +5.7% |
| 2029 | ~$979,800 | ~$979,800 | ~1.9000% | ~$18,616 | +8.7% |
| 2030 | ~$1,007,516 | ~$1,007,516 | ~1.8512% | ~$18,651 | +11.8% |
| 2031 | ~$1,036,015 | ~$1,036,015 | ~1.8024% | ~$18,673 | +15.0% |
In 2025, this property's market value of $1,076,981 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +107% 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 | $1,076,981 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,255,768 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,103,500 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,025,185 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $864,717 | $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 | — |