1201 W 8 ST 101 TX 78703
| Owner | HOMYAK KITTI B & RICHARD TOLAR & |
|---|---|
| Parcel ID | 0108010507 |
| Short ID | 106506 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,988 SF |
| Land SF | 8,000 SF |
| Acres | 0.184 |
| Year Built | 1915 |
| Legal | LOT 1 HAGER OLEN E SUBD |
| Neighborhood | 05CEN |
| Land | $1,200,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,200,000 |
| Improvement | $135,980 |
|---|---|
| Total Improvement | $135,980 |
| Market | $1,335,980 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,335,980 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,335,980 |
| Exemptions (−) (HS,OV65) | −$410,416 |
|---|---|
| Taxable Value | $925,564 |
Appreciation: Market value has risen +24.1% from $1,076,760 (2021) to $1,335,980 (2025), a CAGR of 5.5% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $18,942. City of Austin is the largest single contributor, at 41.1% 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 90% of market value ($1,200,000 land vs $135,980 improvements), about $150/SF of land. With value concentrated in the land under a ~111-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 $1,335,980, 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 +5.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,749,449 by 2030, with an estimated annual tax burden around $32,955. 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 | 1,994 SF | ✓ |
| 2ND | 2nd Floor | 1,994 SF | ✓ |
| 511 | DECK | 320 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 210 SF | ✗ |
| 571C | STORAGE DET COMM | 120 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +407 |
| Travis County | 0.3444% | 0.3758% | +291 |
| Travis Central Health | 0.1080% | 0.1180% | +89 |
| Austin ISD | 0.9505% | 0.9252% | -34 |
| Austin Community College | 0.1013% | 0.1034% | +17 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,594.50 | $1,531.50 | $3,063.00 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,478.69 | $1,159.56 | $2,319.13 |
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $1,231.24 | $410.41 | $820.83 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,042.83 | $347.61 | $695.22 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $835.04 | $278.35 | $556.69 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,182.30 | $3,727.43 | $7,454.87 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,276,160 | $1,335,980 | -4.5% |
| Assessed Value | $1,276,160 | $1,335,980 | -4.5% |
| Land Value | $1,200,000 | $1,200,000 | +0.0% |
| Improvement Value | $76,160 | $135,980 | -44.0% |
| Taxable Value | $875,659 | $925,564 | -5.4% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$17,920
Estimated
|
$11,182 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,276,160 | $1,276,160 | +0 (+0.0%) |
| Taxable Value | $877,708 | $875,659 | -2,049 (-0.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,276,160 | $1,200,000 | $76,160 | — | $1,276,160 | $875,659 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,335,980 | $1,200,000 | $135,980 | — | $1,335,980 | $925,564 | $11,182 | Verified |
| 2024 | $1,256,220 | — | — | −$56,220 | $1,200,000 | $— | $10,975 | Verified |
| 2023 | $1,156,520 | — | — | — | $1,200,000 ! | $— | $9,751 | Verified |
| 2022 | $1,076,760 | — | — | −$276,760 | $800,000 | $— | $12,921 | Verified |
| 2021 | $1,076,760 | — | — | −$276,760 | $800,000 | $— | $13,498 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.5% | -4.5% | ~100% | Not available | Partial |
| 2025 | +6.3% | +8.4% | ~100% | 0.8400% | Verified |
| 2024 | +0.0% | +10.0% | 98.1% | 0.8700% | Verified |
| 2023 | +8.6% | +10.0% | 89.2% | 0.7800% | Verified |
| 2022 | +7.4% | +10.0% | 88.1% | 1.1200% | Verified |
| 2021 | base year | — | 86.0% | 1.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.5% | +3.6% | +6.5% | +8.6% | 2024 | -4.5% | 2026 |
| Assessment Ratio | 100.0% | 91.3% | — | 103.8% | 2023 | 74.3% | 2021 |
| Effective Tax Rate (2025) | 0.8400% | 0.8400% | — | 0.8400% | 2025 | 0.8400% | 2025 |
| Tax Amount | $11,182 | $11,666 | ~$30,642 | $13,498 | 2021 | $9,751 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,410,004 | ~$1,410,004 | ~2.0139% | ~$28,397 | +5.5% |
| 2027 | ~$1,488,129 | ~$1,488,129 | ~1.9814% | ~$29,486 | +11.4% |
| 2028 | ~$1,570,582 | ~$1,570,582 | ~1.9488% | ~$30,608 | +17.6% |
| 2029 | ~$1,657,605 | ~$1,657,605 | ~1.9163% | ~$31,765 | +24.1% |
| 2030 | ~$1,749,449 | ~$1,749,449 | ~1.8837% | ~$32,955 | +30.9% |
| 2026 | ~$1,383,284 | ~$1,383,284 | ~2.0465% | ~$28,309 | +3.5% |
| 2027 | ~$1,432,263 | ~$1,432,263 | ~2.0465% | ~$29,311 | +7.2% |
| 2028 | ~$1,482,976 | ~$1,482,976 | ~2.0465% | ~$30,349 | +11.0% |
| 2029 | ~$1,535,485 | ~$1,535,485 | ~2.0465% | ~$31,423 | +14.9% |
| 2030 | ~$1,589,853 | ~$1,589,853 | ~2.0465% | ~$32,536 | +19.0% |
| 2026 | ~$1,436,723 | ~$1,436,723 | ~1.9977% | ~$28,701 | +7.5% |
| 2027 | ~$1,545,063 | ~$1,545,063 | ~1.9488% | ~$30,111 | +15.7% |
| 2028 | ~$1,661,573 | ~$1,661,573 | ~1.9000% | ~$31,570 | +24.4% |
| 2029 | ~$1,786,868 | ~$1,786,868 | ~1.8512% | ~$33,078 | +33.7% |
| 2030 | ~$1,921,612 | ~$1,921,612 | ~1.8024% | ~$34,635 | +43.8% |
In 2025, this property's market value of $1,335,980 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +157% 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 | $1,335,980 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,256,220 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,156,520 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,076,760 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,076,760 | $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.