1023 W 24 ST TX 78705
| Owner | ACP PARK PLACE LP |
|---|---|
| Parcel ID | 0113000509 |
| Short ID | 112428 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 28,895 SF |
| Land SF | 18,121 SF |
| Acres | 0.416 |
| Year Built | 2003 |
| Legal | 166.53X112.6' *RESUB OF A PT OLT 40&41 DIVISION D |
| Neighborhood | 05WC1 |
| Land | $2,718,144 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,718,144 |
| Improvement | $7,091,856 |
|---|---|
| Total Improvement | $7,091,856 |
| Market | $9,810,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,810,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,810,000 |
| Taxable Value | $9,810,000 |
|---|
Appreciation: Market value has risen +9.8% from $8,935,604 (2021) to $9,810,000 (2025), a CAGR of 2.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 lagged 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 $200,760. 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 28% of market value ($2,718,144 land vs $7,091,856 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age (~23 yrs), and rent roll drive the underwriting.
Submarket Position: At $9,810,000, 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 +5.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $14,679,677 by 2031, with an estimated annual tax burden around $276,527. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 26,178 SF | ✓ |
| 1ST | 1st Floor | 9,632 SF | ✓ |
| 2ND | 2nd Floor | 9,632 SF | ✓ |
| 3RD | 3rd Floor | 9,631 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $85,118.40 | $85,118.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $48,209.56 | $48,209.56 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $34,577.74 | $34,577.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $10,858.12 | $10,858.12 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $9,512.80 | $9,512.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $188,276.62 | $188,276.62 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $85,118.40 | 45.2% |
| CAT City of Austin | 0.5240% | $48,209.56 | 25.6% |
| TCO Travis County | 0.3758% | $34,577.74 | 18.4% |
| THD Travis Central Health | 0.1180% | $10,858.12 | 5.8% |
| ACT Austin Community College | 0.1034% | $9,512.80 | 5.1% |
| Total | 2.0465% | $188,276.62 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,453,025 | $9,810,000 | +16.7% |
| Assessed Value | $11,453,025 | $9,810,000 | +16.7% |
| Land Value | $2,718,144 | $2,718,144 | +0.0% |
| Improvement Value | $8,734,881 | $7,091,856 | +23.2% |
| Taxable Value | $11,453,025 | $9,810,000 | +16.7% |
| Total Tax 2026 = estimate |
~$234,384
Estimated
|
~$188,277
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $11,453,025 | $2,718,144 | $8,734,881 | — | $11,453,025 | $11,453,025 | Not yet — post-cert | Preliminary |
| 2025 | $9,810,000 | $2,718,144 | $7,091,856 | — | $9,810,000 | $9,810,000 | ~$188,277 | Partial |
| 2024 | $10,546,675 | $2,718,144 | $7,828,531 | — | $10,546,675 | $10,546,675 | $183,691 | Verified |
| 2023 | $9,390,875 | $2,718,144 | $6,672,731 | — | $9,390,875 | $9,390,875 | $160,652 | Verified |
| 2022 | $8,798,452 | $2,174,515 | $6,623,937 | — | $8,798,452 | $8,798,452 | $170,039 | Verified |
| 2021 | $8,935,604 | $1,449,677 | $7,485,927 | — | $8,935,604 | $8,935,604 | $194,499 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.7% | +16.7% | ~100% | Not available | Partial |
| 2025 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2024 | +12.3% | +12.3% | ~100% | No billing data | Verified |
| 2023 | +6.7% | +6.7% | ~100% | No billing data | Verified |
| 2022 | -1.5% | -1.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +16.7% | +5.4% | +5.1% | +16.7% | 2026 | -7.0% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9200% | 1.9200% | — | 1.9200% | 2025 | 1.9200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$188,277 | $179,432 | ~$259,253 | $194,499 | 2021 | $160,652 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$12,035,925 | ~$12,035,925 | ~2.0139% | ~$242,396 | +5.1% |
| 2028 | ~$12,648,491 | ~$12,648,491 | ~1.9814% | ~$250,616 | +10.4% |
| 2029 | ~$13,292,234 | ~$13,292,234 | ~1.9488% | ~$259,044 | +16.1% |
| 2030 | ~$13,968,740 | ~$13,968,740 | ~1.9163% | ~$267,682 | +22.0% |
| 2031 | ~$14,679,677 | ~$14,679,677 | ~1.8837% | ~$276,527 | +28.2% |
| 2027 | ~$11,806,864 | ~$11,806,864 | ~2.0465% | ~$241,626 | +3.1% |
| 2028 | ~$12,171,636 | ~$12,171,636 | ~2.0465% | ~$249,091 | +6.3% |
| 2029 | ~$12,547,676 | ~$12,547,676 | ~2.0465% | ~$256,786 | +9.6% |
| 2030 | ~$12,935,335 | ~$12,935,335 | ~2.0465% | ~$264,720 | +12.9% |
| 2031 | ~$13,334,970 | ~$13,334,970 | ~2.0465% | ~$272,898 | +16.4% |
| 2027 | ~$12,264,985 | ~$12,264,985 | ~1.9977% | ~$245,013 | +7.1% |
| 2028 | ~$13,134,510 | ~$13,134,510 | ~1.9488% | ~$255,971 | +14.7% |
| 2029 | ~$14,065,678 | ~$14,065,678 | ~1.9000% | ~$267,250 | +22.8% |
| 2030 | ~$15,062,862 | ~$15,062,862 | ~1.8512% | ~$278,843 | +31.5% |
| 2031 | ~$16,130,742 | ~$16,130,742 | ~1.8024% | ~$290,736 | +40.8% |
In 2025, this property's market value of $9,810,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 19× 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 | $9,810,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $10,546,675 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $9,390,875 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $8,798,452 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $8,935,604 | $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 | — |