700 W 22 ST TX 78705
| Owner | MIRAD FAMILY LIMITED PARTNERSHIP |
|---|---|
| Parcel ID | 0212010709 |
| Short ID | 203563 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,292 SF |
| Land SF | 5,798 SF |
| Acres | 0.133 |
| Year Built | 1978 |
| Legal | LOT 7-A OLT 33 DIV D BOWER HEFLY ADDN |
| Neighborhood | 05WC |
| Land | $869,760 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $869,760 |
| Improvement | $31,450 |
|---|---|
| Total Improvement | $31,450 |
| Market | $901,210 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $901,210 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $901,210 |
| Taxable Value | $901,210 |
|---|
Appreciation: Market value has risen +11.7% from $806,540 (2021) to $901,210 (2025), a CAGR of 2.8% 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 $18,443. 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 97% of market value ($869,760 land vs $31,450 improvements), about $150/SF of land. With value concentrated in the land under a ~48-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 $901,210, 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 +4.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,209,306 by 2031, with an estimated annual tax burden around $22,780. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 1,646 SF | ✓ |
| 2ND | 2nd Floor | 1,646 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,592 SF | ✗ |
| 551 | PAVED AREA | 820 SF | ✗ |
| 512C | DECK UNCOVRED COMM | 211 SF | ✗ |
| SO | Sketch Only | 211 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 55 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 48 SF | ✗ |
| 251 | BATHROOM | 5 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $8,337.99 | $8,337.99 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,722.49 | $4,722.49 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,387.15 | $3,387.15 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,063.64 | $1,063.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $931.85 | $931.85 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,443.12 | $18,443.12 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $8,337.99 | 45.2% |
| CAT City of Austin | 0.5240% | $4,722.49 | 25.6% |
| TCO Travis County | 0.3758% | $3,387.15 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,063.64 | 5.8% |
| ACT Austin Community College | 0.1034% | $931.85 | 5.1% |
| Total | 2.0465% | $18,443.12 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $987,600 | $901,210 | +9.6% |
| Assessed Value | $987,600 | $901,210 | +9.6% |
| Land Value | $869,760 | $869,760 | +0.0% |
| Improvement Value | $117,840 | $31,450 | +274.7% |
| Taxable Value | $987,600 | $901,210 | +9.6% |
| Total Tax 2026 = estimate |
~$20,211
Estimated
|
~$18,443
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $987,600 | $869,760 | $117,840 | — | $987,600 | $987,600 | Not yet — post-cert | Preliminary |
| 2025 | $901,210 | $869,760 | $31,450 | — | $901,210 | $901,210 | ~$18,443 | Partial |
| 2024 | $888,840 | $869,760 | $19,080 | — | $888,840 | $888,840 | $17,615 | Verified |
| 2023 | $872,380 | $869,760 | $2,620 | — | $872,380 | $872,380 | $15,784 | Verified |
| 2022 | $806,540 | $521,856 | $284,684 | — | $806,540 | $806,540 | $15,929 | Verified |
| 2021 | $806,540 | $521,856 | $284,684 | — | $806,540 | $806,540 | $17,018 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.6% | +9.6% | ~100% | Not available | Partial |
| 2025 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2024 | +1.9% | +1.9% | ~100% | No billing data | Verified |
| 2023 | +8.2% | +8.2% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.6% | +4.2% | +4.1% | +9.6% | 2026 | +0.0% | 2022 |
| 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 |
$18,443 | $16,958 | ~$21,740 | $18,443 | 2025 | $15,784 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,028,424 | ~$1,028,424 | ~2.0139% | ~$20,712 | +4.1% |
| 2028 | ~$1,070,935 | ~$1,070,935 | ~1.9814% | ~$21,219 | +8.4% |
| 2029 | ~$1,115,204 | ~$1,115,204 | ~1.9488% | ~$21,734 | +12.9% |
| 2030 | ~$1,161,302 | ~$1,161,302 | ~1.9163% | ~$22,254 | +17.6% |
| 2031 | ~$1,209,306 | ~$1,209,306 | ~1.8837% | ~$22,780 | +22.4% |
| 2027 | ~$1,008,672 | ~$1,008,672 | ~2.0465% | ~$20,642 | +2.1% |
| 2028 | ~$1,030,193 | ~$1,030,193 | ~2.0465% | ~$21,083 | +4.3% |
| 2029 | ~$1,052,174 | ~$1,052,174 | ~2.0465% | ~$21,533 | +6.5% |
| 2030 | ~$1,074,623 | ~$1,074,623 | ~2.0465% | ~$21,992 | +8.8% |
| 2031 | ~$1,097,552 | ~$1,097,552 | ~2.0465% | ~$22,461 | +11.1% |
| 2027 | ~$1,048,176 | ~$1,048,176 | ~1.9977% | ~$20,939 | +6.1% |
| 2028 | ~$1,112,467 | ~$1,112,467 | ~1.9488% | ~$21,680 | +12.6% |
| 2029 | ~$1,180,702 | ~$1,180,702 | ~1.9000% | ~$22,434 | +19.6% |
| 2030 | ~$1,253,122 | ~$1,253,122 | ~1.8512% | ~$23,198 | +26.9% |
| 2031 | ~$1,329,984 | ~$1,329,984 | ~1.8024% | ~$23,971 | +34.7% |
In 2025, this property's market value of $901,210 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +74% 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 | $901,210 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $888,840 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $872,380 | $503,694 | $616,727 | $918,308 | ↑ Above median | +0.9% |
| 2022 | $806,540 | $506,269 | $614,560 | $904,074 | ↑ Above median | +39.0% |
| 2021 | $806,540 | $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 | — |