2121 RABB RD TX 78704
| Owner | MARTINEZ CARLOS M |
|---|---|
| Parcel ID | 0100081214 |
| Short ID | 100756 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,184 SF |
| Land SF | 14,208 SF |
| Acres | 0.326 |
| Year Built | 1965 |
| Legal | LOT 2A * RESUB OF LOT 2-3 AVON HEIGHTS SEC 5 |
| Neighborhood | L1005 |
| Land | $841,783 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $841,783 |
| Improvement | $246,460 |
|---|---|
| Total Improvement | $246,460 |
| Market | $1,088,243 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,088,243 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,088,243 |
| Exemptions (−) (HS) | −$217,649 |
|---|---|
| Taxable Value | $870,594 |
Appreciation: Market value has risen +36.8% from $795,548 (2021) to $1,088,243 (2025), a CAGR of 8.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 +37.9%, 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 $17,817. Austin ISD is the largest single contributor, at 46.8% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 77% of market value ($841,783 land vs $246,460 improvements), about $59/SF of land. With value concentrated in the land under a ~61-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 $1,088,243, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). 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 +8.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,609,905 by 2030, with an estimated annual tax burden around $30,326. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,184 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,184 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 441 SF | ✓ |
| 612 | TERRACE UNCOVERD | 340 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 32 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $8,773.14 | $8,773.14 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,562.06 | $4,562.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,272.08 | $3,272.08 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,113.99 | $1,113.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,027.50 | $1,027.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,748.77 | $18,748.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,044,590 | $1,088,243 | -4.0% |
| Assessed Value | $1,044,590 | $1,088,243 | -4.0% |
| Land Value | $841,783 | $841,783 | +0.0% |
| Improvement Value | $202,807 | $246,460 | -17.7% |
| Taxable Value | $835,672 | $870,594 | -4.0% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$17,102
Estimated
|
~$18,749
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,044,590 | $1,044,590 | +0 (+0.0%) |
| Taxable Value | $835,672 | $835,672 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,044,590 | $841,783 | $202,807 | — | $1,044,590 | $835,672 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,088,243 | $841,783 | $246,460 | — | $1,088,243 | $870,594 | ~$18,749 | Partial |
| 2024 | $1,380,377 | — | — | −$330,377 | $1,050,000 | $— | $19,955 | Verified |
| 2023 | $1,412,839 | — | — | −$362,839 | $1,050,000 | $— | $16,485 | Verified |
| 2022 | $889,696 | — | — | — | $1,050,000 ! | $— | $16,909 | Verified |
| 2021 | $795,548 | — | — | −$95,548 | $700,000 | $— | $17,006 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.0% | -4.0% | ~100% | Not available | Partial |
| 2025 | -12.5% | -6.6% | ~100% | Not available | Partial |
| 2024 | -9.9% | +10.0% | 93.6% | 1.6000% | Verified |
| 2023 | -2.3% | +10.0% | 76.7% | 1.1900% | Verified |
| 2022 | +58.8% | +10.0% | 68.1% | 1.2000% | Verified |
| 2021 | base year | — | 98.4% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.0% | +8.6% | +9.1% | +58.8% | 2023 | -21.2% | 2025 |
| Assessment Ratio | 100.0% | 92.7% | — | 118.0% | 2022 | 74.3% | 2023 |
| Effective Tax Rate (2025) | 1.7200% | 1.7200% | — | 1.7200% | 2025 | 1.7200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,749 | $17,821 | ~$26,920 | $19,955 | 2024 | $16,485 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,176,903 | ~$1,176,903 | ~2.0139% | ~$23,702 | +8.1% |
| 2027 | ~$1,272,787 | ~$1,272,787 | ~1.9814% | ~$25,219 | +17.0% |
| 2028 | ~$1,376,482 | ~$1,376,482 | ~1.9488% | ~$26,825 | +26.5% |
| 2029 | ~$1,488,625 | ~$1,488,625 | ~1.9163% | ~$28,526 | +36.8% |
| 2030 | ~$1,609,905 | ~$1,609,905 | ~1.8837% | ~$30,326 | +47.9% |
| 2026 | ~$1,155,138 | ~$1,155,138 | ~2.0465% | ~$23,640 | +6.1% |
| 2027 | ~$1,226,146 | ~$1,226,146 | ~2.0465% | ~$25,093 | +12.7% |
| 2028 | ~$1,301,518 | ~$1,301,518 | ~2.0465% | ~$26,635 | +19.6% |
| 2029 | ~$1,381,524 | ~$1,381,524 | ~2.0465% | ~$28,273 | +26.9% |
| 2030 | ~$1,466,448 | ~$1,466,448 | ~2.0465% | ~$30,011 | +34.8% |
| 2026 | ~$1,198,668 | ~$1,197,067 | ~1.9977% | ~$23,913 | +10.1% |
| 2027 | ~$1,320,298 | ~$1,316,774 | ~1.9488% | ~$25,662 | +21.3% |
| 2028 | ~$1,454,270 | ~$1,448,451 | ~1.9000% | ~$27,521 | +33.6% |
| 2029 | ~$1,601,836 | ~$1,593,297 | ~1.8512% | ~$29,495 | +47.2% |
| 2030 | ~$1,764,376 | ~$1,752,626 | ~1.8024% | ~$31,589 | +62.1% |
In 2025, this property's market value of $1,088,243 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +109% above the county median of $519,778. 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 | $1,088,243 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,380,377 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,412,839 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $889,696 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $795,548 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |
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.