2209 1 ST 407 78704
| Owner | SMITH CHARLES L & ANN C SMITH |
|---|---|
| Parcel ID | 0403011504 |
| Short ID | 972538 |
| Type | Real |
| Use Code | 15 Condominium (Stacked) |
| Valuation | Cost |
| Improvement SF | 2,219 SF |
| Land SF | 2,175 SF |
| Acres | 0.050 |
| Year Built | 2023 |
| Legal | ONE OAK CONDOMINIUMS UNT 407 PLUS 1.8580 % INT IN COM AREA |
| Neighborhood | K1S6BC |
| Land | $326,214 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $326,214 |
| Improvement | $978,579 |
|---|---|
| Total Improvement | $978,579 |
| Market | $1,304,793 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,304,793 |
| Value Limitation Adjustment (−) (homestead cap) | −$271,112 |
| Net Appraised (assessed) | $1,033,681 |
| Taxable Value | $1,033,681 |
|---|
Appreciation: Market value has risen +400.0% from $260,971 (2023) to $1,304,793 (2025), a CAGR of 123.6% 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 $21,154. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,033,681) is $271,112 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 25% of market value ($326,214 land vs $978,579 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 +56.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,472,842 by 2031, with an estimated annual tax burden around $30,446. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,219 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,219 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 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% | $8,177.75 | $8,177.75 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,631.73 | $4,631.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,322.06 | $3,322.06 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,043.19 | $1,043.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $913.94 | $913.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,088.67 | $18,088.67 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $8,177.75 | 45.2% |
| CAT City of Austin | 0.5240% | $4,631.73 | 25.6% |
| TCO Travis County | 0.3758% | $3,322.06 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,043.19 | 5.8% |
| ACT Austin Community College | 0.1034% | $913.94 | 5.1% |
| Total | 2.0465% | $18,088.67 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,003,576 | $1,304,793 | -23.1% |
| Assessed Value | $1,003,576 | $1,033,681 | -2.9% |
| Land Value | $244,661 | $326,214 | -25.0% |
| Improvement Value | $758,915 | $978,579 | -22.4% |
| Taxable Value | $1,003,576 | $1,033,681 | -2.9% |
| Total Tax 2026 = estimate |
~$20,538
Estimated
|
~$18,089
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,003,576 | $244,661 | $758,915 | — | $1,003,576 | $1,003,576 | Not yet — post-cert | Preliminary |
| 2025 | $1,304,793 | $326,214 | $978,579 | −$271,112 | $1,033,681 | $1,033,681 | ~$18,089 | Partial |
| 2024 | $369,893 | $326,214 | $43,679 | — | $369,893 | $369,893 | $7,331 | Verified |
| 2023 | $260,971 | $326,214 | — | — | $260,971 | $260,971 | $4,722 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -23.1% | -2.9% | ~100% | Not available | Partial |
| 2025 | +252.7% ! | +179.5% | 79.2% | Not available | Partial |
| 2024 | +41.7% | +41.7% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +400.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.1% | +90.4% | +56.7% | +252.7% | 2025 | -23.1% | 2026 |
| Assessment Ratio | 100.0% | 94.8% | — | 100.0% | 2023 | 79.2% | 2025 |
| Effective Tax Rate (2025) | 1.3900% | 1.3900% | — | 1.3900% | 2025 | 1.3900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,089 | $10,047 | ~$26,186 | $18,089 | 2025 | $4,722 | 2023 |
Market value changed by 253% 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 | ~$1,572,303 | ~$1,103,934 | ~2.0139% | ~$22,233 | +56.7% |
| 2028 | ~$2,463,328 | ~$1,214,327 | ~1.9814% | ~$24,061 | +145.5% |
| 2029 | ~$3,859,298 | ~$1,335,760 | ~1.9488% | ~$26,032 | +284.6% |
| 2030 | ~$6,046,364 | ~$1,469,336 | ~1.9163% | ~$28,157 | +502.5% |
| 2031 | ~$9,472,842 | ~$1,616,269 | ~1.8837% | ~$30,446 | +843.9% |
| 2027 | ~$1,552,232 | ~$1,103,934 | ~2.0465% | ~$22,592 | +54.7% |
| 2028 | ~$2,400,838 | ~$1,214,327 | ~2.0465% | ~$24,851 | +139.2% |
| 2029 | ~$3,713,377 | ~$1,335,760 | ~2.0465% | ~$27,336 | +270.0% |
| 2030 | ~$5,743,482 | ~$1,469,336 | ~2.0465% | ~$30,070 | +472.3% |
| 2031 | ~$8,883,447 | ~$1,616,269 | ~2.0465% | ~$33,077 | +785.2% |
| 2027 | ~$1,592,375 | ~$1,103,934 | ~1.9977% | ~$22,053 | +58.7% |
| 2028 | ~$2,526,622 | ~$1,214,327 | ~1.9488% | ~$23,665 | +151.8% |
| 2029 | ~$4,008,992 | ~$1,335,760 | ~1.9000% | ~$25,380 | +299.5% |
| 2030 | ~$6,361,070 | ~$1,469,336 | ~1.8512% | ~$27,200 | +533.8% |
| 2031 | ~$10,093,114 | ~$1,616,269 | ~1.8024% | ~$29,131 | +905.7% |
| 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 | — |