1703 PALMA PLAZA AUSTIN, TX 78703
| Owner | OCHMAN HOWARD & NANCY MORAN FAMILY |
|---|---|
| Parcel ID | 0111040918 |
| Short ID | 110276 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,570 SF |
| Land SF | 7,203 SF |
| Acres | 0.165 |
| Year Built | 1933 |
| Legal | LOT 18 ENFIELD E |
| Neighborhood | Z3005 |
| Land | $828,808 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $828,808 |
| Improvement | $734,518 |
|---|---|
| Total Improvement | $734,518 |
| Market | $1,563,326 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,563,326 |
| Value Limitation Adjustment (−) (homestead cap) | −$187,389 |
| Net Appraised (assessed) | $1,375,937 |
| Exemptions on file | HS,OV65 |
|---|---|
| Taxable Value | $1,375,937 |
Appreciation: Market value has risen +42.2% from $1,099,605 (2021) to $1,563,326 (2025), a CAGR of 9.2% over 4 years. This is strong appreciation — well above typical inflation. 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 $28,158. City of Austin is the largest single contributor, at 33.6% of the total 2025 levy.
Assessment Gap: Assessed value ($1,375,937) is $187,389 below market value, suggesting potential for an upward assessment in future years.
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 53% of market value ($828,808 land vs $734,518 improvements), about $115/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,563,326, 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 -2.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $856,972 by 2031, with an estimated annual tax burden around $16,143. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,570 SF | ✗ |
| 1ST | 1st Floor | 1,285 SF | ✓ |
| 2ND | 2nd Floor | 1,285 SF | ✓ |
| 031 | GARAGE DET 1ST F | 324 SF | ✓ |
| 512 | DECK UNCOVRED | 168 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 112 SF | ✗ |
| 252 | BEDROOMS | 4 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,762.00 | $4,762.00 | Paid |
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $3,952.22 | $3,952.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,598.83 | $3,598.83 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,080.56 | $1,080.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $786.40 | $786.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,180.01 | $14,180.01 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| CAT City of Austin | 0.5240% | $4,762.00 | 33.6% |
| IAU Austin ISD | 0.9252% | $3,952.22 | 27.9% |
| TCO Travis County | 0.3758% | $3,598.83 | 25.4% |
| THD Travis Central Health | 0.1180% | $1,080.56 | 7.6% |
| ACT Austin Community College | 0.1034% | $786.40 | 5.5% |
| Total | 2.0465% | $14,180.01 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $970,737 | $1,563,326 | -37.9% |
| Assessed Value | $970,737 | $1,375,937 | -29.4% |
| Land Value | $773,554 | $828,808 | -6.7% |
| Improvement Value | $197,183 | $734,518 | -73.2% |
| Taxable Value | $970,737 | $1,375,937 | -29.4% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$19,866
Estimated
|
~$14,180
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $970,737 | $773,554 | $197,183 | — | $970,737 | $970,737 | Not yet — post-cert | Preliminary |
| 2025 | $1,563,326 | $828,808 | $734,518 | −$187,389 | $1,375,937 | $1,375,937 | ~$14,180 | Partial |
| 2024 | $1,813,357 | $750,000 | $1,063,357 | −$562,505 | $1,250,852 | $864,282 | $13,788 | Verified |
| 2023 | $1,736,057 | $787,500 | $948,557 | −$598,919 | $1,137,138 | $785,710 | $12,541 | Verified |
| 2022 | $1,699,967 | $787,500 | $912,467 | −$666,205 | $1,033,762 | $717,010 | $15,121 | Verified |
| 2021 | $1,099,605 | $525,000 | $574,605 | −$159,821 | $939,784 | $651,827 | $15,342 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -37.9% | -29.4% | ~100% | Not available | Partial |
| 2025 | -13.8% | +10.0% | 88.0% | Not available | Partial |
| 2024 | +4.5% | +10.0% | 69.0% | No billing data | Verified |
| 2023 | +2.1% | +10.0% | 65.5% | No billing data | Verified |
| 2022 | +54.6% | +10.0% | 60.8% | No billing data | Verified |
| 2021 | base year | — | 85.5% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +42.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -37.9% | +1.9% | -2.5% | +54.6% | 2022 | -37.9% | 2026 |
| Assessment Ratio | 100.0% | 78.1% | — | 100.0% | 2026 | 60.8% | 2022 |
| Effective Tax Rate (2025) | 0.9100% | 0.9100% | — | 0.9100% | 2025 | 0.9100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$14,180 | $14,194 | ~$17,581 | $15,342 | 2021 | $12,541 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$946,836 | ~$946,836 | ~2.0139% | ~$19,069 | -2.5% |
| 2028 | ~$923,523 | ~$923,523 | ~1.9814% | ~$18,299 | -4.9% |
| 2029 | ~$900,784 | ~$900,784 | ~1.9488% | ~$17,555 | -7.2% |
| 2030 | ~$878,605 | ~$878,605 | ~1.9163% | ~$16,837 | -9.5% |
| 2031 | ~$856,972 | ~$856,972 | ~1.8837% | ~$16,143 | -11.7% |
| 2027 | ~$927,421 | ~$927,421 | ~2.0465% | ~$18,980 | -4.5% |
| 2028 | ~$886,037 | ~$886,037 | ~2.0465% | ~$18,133 | -8.7% |
| 2029 | ~$846,501 | ~$846,501 | ~2.0465% | ~$17,324 | -12.8% |
| 2030 | ~$808,728 | ~$808,728 | ~2.0465% | ~$16,550 | -16.7% |
| 2031 | ~$772,641 | ~$772,641 | ~2.0465% | ~$15,812 | -20.4% |
| 2027 | ~$966,250 | ~$966,250 | ~1.9977% | ~$19,302 | -0.5% |
| 2028 | ~$961,784 | ~$961,784 | ~1.9488% | ~$18,744 | -0.9% |
| 2029 | ~$957,339 | ~$957,339 | ~1.9000% | ~$18,190 | -1.4% |
| 2030 | ~$952,914 | ~$952,914 | ~1.8512% | ~$17,640 | -1.8% |
| 2031 | ~$948,510 | ~$948,510 | ~1.8024% | ~$17,096 | -2.3% |
In 2025, this property's market value of $1,563,326 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 3× 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 | $1,563,326 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,813,357 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,736,057 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,699,967 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,099,605 | $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 | — |