702 LAMAR PL TX 78752
| Owner | TEXCEL AUSTIN LP LLC |
|---|---|
| Parcel ID | 0229080705 |
| Short ID | 230106 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 24,868 SF |
| Land SF | 34,968 SF |
| Acres | 0.803 |
| Year Built | 1972 |
| Legal | LOT B RESUB OF LOT 8-11 LAMAR PLACE |
| Neighborhood | 06NC2 |
| Land | $1,049,040 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,049,040 |
| Improvement | $5,198,174 |
|---|---|
| Total Improvement | $5,198,174 |
| Market | $6,247,214 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,247,214 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,247,214 |
| Taxable Value | $6,247,214 |
|---|
Appreciation: Market value has risen +25.4% from $4,980,993 (2021) to $6,247,214 (2025), a CAGR of 5.8% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2024→2025), 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 $127,848. 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 17% of market value ($1,049,040 land vs $5,198,174 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~54 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,247,214, 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 +6.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,050,932 by 2031, with an estimated annual tax burden around $170,496. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 18,550 SF | ✗ |
| 1ST | 1st Floor | 9,816 SF | ✓ |
| 2ND | 2nd Floor | 7,526 SF | ✓ |
| 3RD | 3rd Floor | 7,526 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 1,518 SF | ✗ |
| 511 | DECK | 1,518 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,518 SF | ✗ |
| 601 | POOL COMM'L | 823 SF | ✗ |
| 501 | CANOPY | 192 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 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% | $54,573.33 | $54,573.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $30,909.37 | $30,909.37 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $22,169.38 | $22,169.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,961.64 | $6,961.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,099.09 | $6,099.09 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $120,712.81 | $120,712.81 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $54,573.33 | 45.2% |
| CAT City of Austin | 0.5240% | $30,909.37 | 25.6% |
| TCO Travis County | 0.3758% | $22,169.38 | 18.4% |
| THD Travis Central Health | 0.1180% | $6,961.64 | 5.8% |
| ACT Austin Community College | 0.1034% | $6,099.09 | 5.1% |
| Total | 2.0465% | $120,712.81 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,714,360 | $6,247,214 | +7.5% |
| Assessed Value | $6,714,360 | $6,247,214 | +7.5% |
| Land Value | $1,049,040 | $1,049,040 | +0.0% |
| Improvement Value | $5,665,320 | $5,198,174 | +9.0% |
| Taxable Value | $6,714,360 | $6,247,214 | +7.5% |
| Total Tax 2026 = estimate |
~$137,408
Estimated
|
~$120,713
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $6,714,360 | $1,049,040 | $5,665,320 | — | $6,714,360 | $6,714,360 | Not yet — post-cert | Preliminary |
| 2025 | $6,247,214 | $1,049,040 | $5,198,174 | — | $6,247,214 | $6,247,214 | ~$120,713 | Partial |
| 2024 | $5,185,529 | $1,049,040 | $4,136,489 | — | $5,185,529 | $5,185,529 | $102,768 | Verified |
| 2023 | $5,595,300 | $1,049,040 | $4,546,260 | — | $5,595,300 | $5,595,300 | $94,088 | Verified |
| 2022 | $5,112,072 | $1,049,040 | $4,063,032 | — | $5,112,072 | $5,112,072 | $100,960 | Verified |
| 2021 | $4,980,993 | $1,049,040 | $3,931,953 | — | $4,980,993 | $4,980,993 | $99,730 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.5% | +7.5% | ~100% | Not available | Partial |
| 2025 | +20.5% | +20.5% | ~100% | Not available | Partial |
| 2024 | -7.3% | -7.3% | ~100% | No billing data | Verified |
| 2023 | +9.5% | +9.5% | ~100% | No billing data | Verified |
| 2022 | +2.6% | +2.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.5% | +6.6% | +6.2% | +20.5% | 2025 | -7.3% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9300% | 1.9300% | — | 1.9300% | 2025 | 1.9300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$120,713 | $103,651 | ~$156,775 | $120,713 | 2025 | $94,088 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$7,127,584 | ~$7,127,584 | ~2.0139% | ~$143,545 | +6.2% |
| 2028 | ~$7,566,240 | ~$7,566,240 | ~1.9814% | ~$149,917 | +12.7% |
| 2029 | ~$8,031,892 | ~$8,031,892 | ~1.9488% | ~$156,529 | +19.6% |
| 2030 | ~$8,526,201 | ~$8,526,201 | ~1.9163% | ~$163,387 | +27.0% |
| 2031 | ~$9,050,932 | ~$9,050,932 | ~1.8837% | ~$170,496 | +34.8% |
| 2027 | ~$6,993,297 | ~$6,993,297 | ~2.0465% | ~$143,117 | +4.2% |
| 2028 | ~$7,283,822 | ~$7,283,822 | ~2.0465% | ~$149,062 | +8.5% |
| 2029 | ~$7,586,417 | ~$7,586,417 | ~2.0465% | ~$155,255 | +13.0% |
| 2030 | ~$7,901,582 | ~$7,901,582 | ~2.0465% | ~$161,705 | +17.7% |
| 2031 | ~$8,229,840 | ~$8,229,840 | ~2.0465% | ~$168,422 | +22.6% |
| 2027 | ~$7,261,871 | ~$7,261,871 | ~1.9977% | ~$145,068 | +8.2% |
| 2028 | ~$7,854,029 | ~$7,854,029 | ~1.9488% | ~$153,062 | +17.0% |
| 2029 | ~$8,494,473 | ~$8,494,473 | ~1.9000% | ~$161,396 | +26.5% |
| 2030 | ~$9,187,141 | ~$9,187,141 | ~1.8512% | ~$170,072 | +36.8% |
| 2031 | ~$9,936,291 | ~$9,936,291 | ~1.8024% | ~$179,089 | +48.0% |
In 2025, this property's market value of $6,247,214 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 12× 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 | $6,247,214 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $5,185,529 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $5,595,300 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $5,112,072 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $4,980,993 | $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 | — |