202 NUECES ST 2302 78701
| Owner | BURK IAN S & LEAH RENEE BURK |
|---|---|
| Parcel ID | 0105001668 |
| Short ID | 916532 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 2,582 SF |
| Land SF | 149 SF |
| Acres | 0.003 |
| Year Built | 2018 |
| Legal | UNT 2302 BLOCK 188 CONDOMINIUMS PLUS .7017 % INT IN COM AREA |
| Neighborhood | Z1AP99C |
| Land | $86,330 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $86,330 |
| Improvement | $3,681,088 |
|---|---|
| Total Improvement | $3,681,088 |
| Market | $3,767,418 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,767,418 |
| Value Limitation Adjustment (−) (homestead cap) | −$126,423 |
| Net Appraised (assessed) | $3,640,995 |
| Exemptions (−) (HS) | −$728,199 |
|---|---|
| Taxable Value | $2,912,796 |
Appreciation: Market value has risen +826.4% from $406,676 (2021) to $3,767,418 (2025), a CAGR of 74.5% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump.
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 $59,610. Austin ISD is the largest single contributor, at 49.3% of the total 2025 levy.
Assessment Gap: Assessed value ($3,640,995) is $126,423 below market value, suggesting potential for an upward assessment in future years.
Asset Class: O. 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 2% of market value ($86,330 land vs $3,681,088 improvements), about $579/SF of land. Most value sits in the improvements, so building condition, age (~8 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +74.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $60,888,867 by 2030, with an estimated annual tax burden around $110,460. 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 | 2,582 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 250 | HALF BATHROOM | 1 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% | $32,391.21 | $32,391.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,263.55 | $15,263.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,947.60 | $10,947.60 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,727.14 | $3,727.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,437.77 | $3,437.77 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $65,767.27 | $65,767.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,767,000 | $3,767,418 | -0.0% |
| Assessed Value | $3,767,000 | $3,640,995 | +3.5% |
| Land Value | $209,286 | $86,330 | +142.4% |
| Improvement Value | $3,557,714 | $3,681,088 | -3.4% |
| Taxable Value | $3,013,600 | $2,912,796 | +3.5% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$61,673
Estimated
|
~$65,767
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,767,418 | $3,767,000 | -418 (-0.0%) |
| Taxable Value | $3,013,934 | $3,013,600 | -334 (-0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,767,000 | $209,286 | $3,557,714 | — | $3,767,000 | $3,013,600 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,767,418 | $86,330 | $3,681,088 | −$126,423 | $3,640,995 | $2,912,796 | ~$65,767 | Partial |
| 2024 | $3,119,004 | — | — | −$3,032,674 | $86,330 | $— | $58,457 | Verified |
| 2023 | $3,044,075 | — | — | −$2,957,745 | $86,330 | $— | $50,231 | Verified |
| 2022 | $2,193,755 | — | — | −$2,107,425 | $86,330 | $— | $47,664 | Verified |
| 2021 | $406,676 | — | — | −$359,194 | $47,482 | $— | $49,445 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +3.5% | ~100% | Not available | Partial |
| 2025 | -12.6% | +6.1% | 96.6% | Not available | Partial |
| 2024 | +38.2% | +10.0% | 79.6% | 1.3600% | Verified |
| 2023 | +2.5% | +2.5% | ~100% | 1.6100% | Verified |
| 2022 | +38.8% | +38.8% | ~100% | 1.5700% | Verified |
| 2021 | base year | — | ~100% | 12.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +71.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +-0.0% | +100.3% | +74.5% | +439.4% | 2022 | +-0.0% | 2026 |
| Assessment Ratio | 100.0% | 36.3% | — | 100.0% | 2026 | 2.8% | 2023 |
| Effective Tax Rate (2025) | 1.7500% | 1.7500% | — | 1.7500% | 2025 | 1.7500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$65,767 | $54,313 | ~$95,002 | $65,767 | 2025 | $47,664 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,572,682 | ~$4,005,095 | ~2.0139% | ~$80,660 | +74.5% |
| 2027 | ~$11,466,779 | ~$4,405,604 | ~1.9814% | ~$87,292 | +204.4% |
| 2028 | ~$20,005,078 | ~$4,846,164 | ~1.9488% | ~$94,444 | +431.0% |
| 2029 | ~$34,901,097 | ~$5,330,781 | ~1.9163% | ~$102,153 | +826.4% |
| 2030 | ~$60,888,867 | ~$5,863,859 | ~1.8837% | ~$110,460 | +1516.2% |
| 2026 | ~$6,497,334 | ~$4,005,095 | ~2.0465% | ~$81,964 | +72.5% |
| 2027 | ~$11,205,379 | ~$4,405,604 | ~2.0465% | ~$90,160 | +197.4% |
| 2028 | ~$19,324,929 | ~$4,846,164 | ~2.0465% | ~$99,176 | +412.9% |
| 2029 | ~$33,328,001 | ~$5,330,781 | ~2.0465% | ~$109,094 | +784.6% |
| 2030 | ~$57,477,865 | ~$5,863,859 | ~2.0465% | ~$120,003 | +1425.7% |
| 2026 | ~$6,648,030 | ~$4,005,095 | ~1.9977% | ~$80,008 | +76.5% |
| 2027 | ~$11,731,193 | ~$4,405,604 | ~1.9488% | ~$85,858 | +211.4% |
| 2028 | ~$20,701,002 | ~$4,846,164 | ~1.9000% | ~$92,078 | +449.5% |
| 2029 | ~$36,529,234 | ~$5,330,781 | ~1.8512% | ~$98,683 | +869.6% |
| 2030 | ~$64,459,919 | ~$5,863,859 | ~1.8024% | ~$105,689 | +1611.0% |
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.