2209 1 ST 402 78704
| Owner | KNOOP JUSTIN & BROOKE KNOOP |
|---|---|
| Parcel ID | 0403011499 |
| Short ID | 972533 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 1,559 SF |
| Land SF | 1,524 SF |
| Acres | 0.035 |
| Year Built | 2023 |
| Legal | ONE OAK CONDOMINIUMS UNT 402 PLUS 1.3023 % INT IN COM AREA |
| Neighborhood | K1S6BC |
| Land | $228,650 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $228,650 |
| Improvement | $720,449 |
|---|---|
| Total Improvement | $720,449 |
| Market | $949,099 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $949,099 |
| Value Limitation Adjustment (−) (homestead cap) | −$206,857 |
| Net Appraised (assessed) | $742,242 |
| Taxable Value | $742,242 |
|---|
Appreciation: Market value has risen +418.9% from $182,920 (2023) to $949,099 (2025), a CAGR of 127.8% over 2 years. This is strong appreciation — well above typical inflation. 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.
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 $15,190. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($742,242) is $206,857 below market value, suggesting potential for an upward assessment in future years.
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 24% of market value ($228,650 land vs $720,449 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +49.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $4,563,379 by 2031, with an estimated annual tax burden around $18,541. 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 | 1,559 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,559 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% | $5,724.31 | $5,724.31 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,242.15 | $3,242.15 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,325.39 | $2,325.39 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $730.22 | $730.22 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $639.75 | $639.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,661.82 | $12,661.82 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $5,724.31 | 45.2% |
| CAT City of Austin | 0.5240% | $3,242.15 | 25.6% |
| TCO Travis County | 0.3758% | $2,325.39 | 18.4% |
| THD Travis Central Health | 0.1180% | $730.22 | 5.8% |
| ACT Austin Community College | 0.1034% | $639.75 | 5.1% |
| Total | 2.0465% | $12,661.82 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $611,147 | $949,099 | -35.6% |
| Assessed Value | $611,147 | $742,242 | -17.7% |
| Land Value | $171,487 | $228,650 | -25.0% |
| Improvement Value | $439,660 | $720,449 | -39.0% |
| Taxable Value | $611,147 | $742,242 | -17.7% |
| Total Tax 2026 = estimate |
~$12,507
Estimated
|
~$12,662
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $611,147 | $171,487 | $439,660 | — | $611,147 | $611,147 | Not yet — post-cert | Preliminary |
| 2025 | $949,099 | $228,650 | $720,449 | −$206,857 | $742,242 | $742,242 | ~$12,662 | Partial |
| 2024 | $257,791 | $228,650 | $29,141 | — | $257,791 | $257,791 | $5,109 | Verified |
| 2023 | $182,920 | $228,650 | — | — | $182,920 | $182,920 | $3,309 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -35.6% | -17.7% | ~100% | Not available | Partial |
| 2025 | +268.2% ! | +187.9% | 78.2% | Not available | Partial |
| 2024 | +40.9% | +40.9% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +418.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -35.6% | +91.2% | +49.5% | +268.2% | 2025 | -35.6% | 2026 |
| Assessment Ratio | 100.0% | 94.5% | — | 100.0% | 2023 | 78.2% | 2025 |
| Effective Tax Rate (2025) | 1.3300% | 1.3300% | — | 1.3300% | 2025 | 1.3300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$12,662 | $7,027 | ~$15,946 | $12,662 | 2025 | $3,309 | 2023 |
Market value changed by 268% in 2025, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$913,637 | ~$672,262 | ~2.0139% | ~$13,539 | +49.5% |
| 2028 | ~$1,365,847 | ~$739,488 | ~1.9814% | ~$14,652 | +123.5% |
| 2029 | ~$2,041,880 | ~$813,437 | ~1.9488% | ~$15,853 | +234.1% |
| 2030 | ~$3,052,519 | ~$894,780 | ~1.9163% | ~$17,147 | +399.5% |
| 2031 | ~$4,563,379 | ~$984,258 | ~1.8837% | ~$18,541 | +646.7% |
| 2027 | ~$901,414 | ~$672,262 | ~2.0465% | ~$13,758 | +47.5% |
| 2028 | ~$1,329,546 | ~$739,488 | ~2.0465% | ~$15,134 | +117.5% |
| 2029 | ~$1,961,020 | ~$813,437 | ~2.0465% | ~$16,647 | +220.9% |
| 2030 | ~$2,892,417 | ~$894,780 | ~2.0465% | ~$18,312 | +373.3% |
| 2031 | ~$4,266,186 | ~$984,258 | ~2.0465% | ~$20,143 | +598.1% |
| 2027 | ~$925,860 | ~$672,262 | ~1.9977% | ~$13,430 | +51.5% |
| 2028 | ~$1,402,637 | ~$739,488 | ~1.9488% | ~$14,411 | +129.5% |
| 2029 | ~$2,124,932 | ~$813,437 | ~1.9000% | ~$15,455 | +247.7% |
| 2030 | ~$3,219,176 | ~$894,780 | ~1.8512% | ~$16,564 | +426.7% |
| 2031 | ~$4,876,908 | ~$984,258 | ~1.8024% | ~$17,740 | +698.0% |
| 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 | — |