ELEVATOR DR 47 78731
| Owner | ZHAO HUI & WEI ZHENG |
|---|---|
| Parcel ID | 0124001035 |
| Short ID | 973914 |
| Type | Real |
| Use Code | 16 Townhome |
| Valuation | Cost |
| Improvement SF | 2,796 SF |
| Land SF | 2,570 SF |
| Acres | 0.059 |
| Year Built | 2022 |
| Legal | GROVE MASTER CONDOMINIUMS THE AMENDED UNT 47 PLUS 0.277 % INT IN COM AREA |
| Neighborhood | Y319C1 |
| Land | $51,398 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $51,398 |
| Improvement | $1,229,774 |
|---|---|
| Total Improvement | $1,229,774 |
| Market | $1,281,172 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,281,172 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,281,172 |
| Exemptions on file | HS |
|---|---|
| Taxable Value | $1,281,172 |
Appreciation: Market value has risen +144.3% from $524,531 (2023) to $1,281,172 (2025), a CAGR of 56.3% over 2 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.
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 $26,219. Austin ISD is the largest single contributor, at 47.3% of the total 2025 levy.
Asset Class: O. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 4% of market value ($51,398 land vs $1,229,774 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +37.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $6,529,026 by 2031, with an estimated annual tax burden around $40,965. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,788 SF | ✗ |
| 3RD | 3rd Floor | 1,105 SF | ✓ |
| 2ND | 2nd Floor | 1,040 SF | ✓ |
| 4TH | 4th Floor | 992 SF | ✓ |
| 1ST | 1st Floor | 651 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 480 SF | ✓ |
| 012 | PORCH OPEN 2ND F | 147 SF | ✗ |
| 014 | PORCH OPEN 4TH F | 91 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 56 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 250 | HALF BATHROOM | 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% | $10,558.12 | $10,558.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,370.85 | $5,370.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,852.18 | $3,852.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,311.48 | $1,311.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,209.66 | $1,209.66 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,302.29 | $22,302.29 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $10,558.12 | 47.3% |
| CAT City of Austin | 0.5240% | $5,370.85 | 24.1% |
| TCO Travis County | 0.3758% | $3,852.18 | 17.3% |
| ACT Austin Community College | 0.1034% | $1,311.48 | 5.9% |
| THD Travis Central Health | 0.1180% | $1,209.66 | 5.4% |
| Total | 2.0465% | $22,302.29 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,350,284 | $1,281,172 | +5.4% |
| Assessed Value | $1,350,284 | $1,281,172 | +5.4% |
| Land Value | $51,398 | $51,398 | +0.0% |
| Improvement Value | $1,298,886 | $1,229,774 | +5.6% |
| Taxable Value | $1,350,284 | $1,281,172 | +5.4% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$27,633
Estimated
|
~$22,302
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,350,284 | $51,398 | $1,298,886 | — | $1,350,284 | $1,350,284 | Not yet — post-cert | Preliminary |
| 2025 | $1,281,172 | $51,398 | $1,229,774 | — | $1,281,172 | $1,281,172 | ~$22,302 | Partial |
| 2024 | $1,545,887 | $51,398 | $1,494,489 | — | $1,545,887 | $1,236,710 | $26,795 | Verified |
| 2023 | $524,531 | $51,398 | $473,133 | — | $524,531 | $524,531 | $9,432 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.4% | +5.4% | ~100% | Not available | Partial |
| 2025 | -17.1% | -17.1% | ~100% | Not available | Partial |
| 2024 | +194.7% ! | +194.7% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +144.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +5.4% | +61.0% | +37.1% | +194.7% | 2024 | -17.1% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2023 | 100.0% | 2023 |
| Effective Tax Rate (2025) | 1.7400% | 1.7400% | — | 1.7400% | 2025 | 1.7400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$22,302 | $19,510 | ~$35,232 | $26,795 | 2024 | $9,432 | 2023 |
Market value changed by 195% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,850,588 | ~$1,485,312 | ~2.0139% | ~$29,913 | +37.1% |
| 2028 | ~$2,536,264 | ~$1,633,844 | ~1.9814% | ~$32,373 | +87.8% |
| 2029 | ~$3,475,995 | ~$1,797,228 | ~1.9488% | ~$35,025 | +157.4% |
| 2030 | ~$4,763,912 | ~$1,976,951 | ~1.9163% | ~$37,884 | +252.8% |
| 2031 | ~$6,529,026 | ~$2,174,646 | ~1.8837% | ~$40,965 | +383.5% |
| 2027 | ~$1,823,582 | ~$1,485,312 | ~2.0465% | ~$30,397 | +35.1% |
| 2028 | ~$2,462,780 | ~$1,633,844 | ~2.0465% | ~$33,436 | +82.4% |
| 2029 | ~$3,326,029 | ~$1,797,228 | ~2.0465% | ~$36,780 | +146.3% |
| 2030 | ~$4,491,861 | ~$1,976,951 | ~2.0465% | ~$40,458 | +232.7% |
| 2031 | ~$6,066,337 | ~$2,174,646 | ~2.0465% | ~$44,504 | +349.3% |
| 2027 | ~$1,877,594 | ~$1,485,312 | ~1.9977% | ~$29,672 | +39.1% |
| 2028 | ~$2,610,827 | ~$1,633,844 | ~1.9488% | ~$31,841 | +93.4% |
| 2029 | ~$3,630,402 | ~$1,797,228 | ~1.9000% | ~$34,148 | +168.9% |
| 2030 | ~$5,048,138 | ~$1,976,951 | ~1.8512% | ~$36,597 | +273.9% |
| 2031 | ~$7,019,525 | ~$2,174,646 | ~1.8024% | ~$39,195 | +419.9% |
| 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 | 2023–2024 | 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 | 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 | — |