70 RAINEY ST 2606 TX 78701
| Owner | CHANG RICHARD & |
|---|---|
| Parcel ID | 0203032030 |
| Short ID | 890580 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 2,179 SF |
| Land SF | 208 SF |
| Acres | 0.005 |
| Year Built | 2018 |
| Legal | UNT 2606 70 RAINEY RESIDENCES CONDOMINIUMS PLUS .9284 % INT IN COM AREA |
| Neighborhood | Z17099C |
| Land | $156,203 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $156,203 |
| Improvement | $1,930,778 |
|---|---|
| Total Improvement | $1,930,778 |
| Market | $2,086,981 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,086,981 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,086,981 |
| Taxable Value | $2,086,981 |
|---|
Appreciation: Market value has risen +45.9% from $1,430,753 (2021) to $2,086,981 (2025), a CAGR of 9.9% 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.
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 $42,710. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: O. 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 7% of market value ($156,203 land vs $1,930,778 improvements), about $751/SF of land. Most value sits in the improvements, so building condition, age (~8 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +9.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $3,456,233 by 2031, with an estimated annual tax burden around $65,107. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,179 SF | ✓ |
| 612 | TERRACE UNCOVERD | 140 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 252 | BEDROOMS | 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% | $19,308.75 | $19,308.75 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,936.14 | $10,936.14 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,843.81 | $7,843.81 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,463.12 | $2,463.12 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,157.94 | $2,157.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $42,709.76 | $42,709.76 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $19,308.75 | 45.2% |
| CAT City of Austin | 0.5240% | $10,936.14 | 25.6% |
| TCO Travis County | 0.3758% | $7,843.81 | 18.4% |
| THD Travis Central Health | 0.1180% | $2,463.12 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,157.94 | 5.1% |
| Total | 2.0465% | $42,709.76 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,223,739 | $2,086,981 | +6.6% |
| Assessed Value | $2,223,739 | $2,086,981 | +6.6% |
| Land Value | $182,236 | $156,203 | +16.7% |
| Improvement Value | $2,041,503 | $1,930,778 | +5.7% |
| Taxable Value | $2,223,739 | $2,086,981 | +6.6% |
| Total Tax 2026 = estimate |
~$45,508
Estimated
|
~$42,710
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,223,739 | $182,236 | $2,041,503 | — | $2,223,739 | $2,223,739 | Not yet — post-cert | Preliminary |
| 2025 | $2,086,981 | $156,203 | $1,930,778 | — | $2,086,981 | $2,086,981 | ~$42,710 | Partial |
| 2024 | $2,265,501 | $156,203 | $2,109,298 | — | $2,265,501 | $2,265,501 | $44,898 | Verified |
| 2023 | $2,709,870 | $156,203 | $2,553,667 | — | $2,709,870 | $2,709,870 | $49,028 | Verified |
| 2022 | $2,763,610 | $156,203 | $2,607,407 | — | $2,763,610 | $2,763,610 | $54,579 | Verified |
| 2021 | $1,430,753 | $78,102 | $1,352,651 | — | $1,430,753 | $1,430,753 | $31,143 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.6% | +6.6% | ~100% | Not available | Partial |
| 2025 | -7.9% | -7.9% | ~100% | Not available | Partial |
| 2024 | -16.4% | -16.4% | ~100% | No billing data | Verified |
| 2023 | -1.9% | -1.9% | ~100% | No billing data | Verified |
| 2022 | +93.2% ! | +93.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +45.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.6% | +14.7% | +9.2% | +93.2% | 2022 | -16.4% | 2024 |
| 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 |
$42,710 | $44,472 | ~$56,737 | $54,579 | 2022 | $31,143 | 2021 |
Market value changed by 93% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,428,777 | ~$2,428,777 | ~2.0139% | ~$48,914 | +9.2% |
| 2028 | ~$2,652,720 | ~$2,652,720 | ~1.9814% | ~$52,561 | +19.3% |
| 2029 | ~$2,897,312 | ~$2,897,312 | ~1.9488% | ~$56,464 | +30.3% |
| 2030 | ~$3,164,457 | ~$3,164,457 | ~1.9163% | ~$60,640 | +42.3% |
| 2031 | ~$3,456,233 | ~$3,456,233 | ~1.8837% | ~$65,107 | +55.4% |
| 2027 | ~$2,384,302 | ~$2,384,302 | ~2.0465% | ~$48,794 | +7.2% |
| 2028 | ~$2,556,459 | ~$2,556,459 | ~2.0465% | ~$52,318 | +15.0% |
| 2029 | ~$2,741,046 | ~$2,741,046 | ~2.0465% | ~$56,095 | +23.3% |
| 2030 | ~$2,938,961 | ~$2,938,961 | ~2.0465% | ~$60,145 | +32.2% |
| 2031 | ~$3,151,166 | ~$3,151,166 | ~2.0465% | ~$64,488 | +41.7% |
| 2027 | ~$2,473,252 | ~$2,446,113 | ~1.9977% | ~$48,865 | +11.2% |
| 2028 | ~$2,750,761 | ~$2,690,724 | ~1.9488% | ~$52,438 | +23.7% |
| 2029 | ~$3,059,408 | ~$2,959,797 | ~1.9000% | ~$56,237 | +37.6% |
| 2030 | ~$3,402,686 | ~$3,255,776 | ~1.8512% | ~$60,271 | +53.0% |
| 2031 | ~$3,784,482 | ~$3,581,354 | ~1.8024% | ~$64,549 | +70.2% |
| 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 | — |