707 HIGHLAND AVE TX 78703
| Owner | 707 HIGHLAND LLC |
|---|---|
| Parcel ID | 0108030703 |
| Short ID | 106702 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 2,472 SF |
| Land SF | 4,780 SF |
| Acres | 0.110 |
| Year Built | 1930 |
| Legal | N 52 FT OF LOT 2 BLK D OLT 3 DIV Z TERRACE PARK |
| Neighborhood | Z3005 |
| Land | $783,380 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $783,380 |
| Improvement | $166,620 |
|---|---|
| Total Improvement | $166,620 |
| Market | $950,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $950,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $950,000 |
| Taxable Value | $950,000 |
|---|
Appreciation: Market value has risen +22.6% from $774,627 (2021) to $950,000 (2025), a CAGR of 5.2% 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 $19,442. Austin ISD is the largest single contributor, at 45.2% 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 82% of market value ($783,380 land vs $166,620 improvements), about $164/SF of land. With value concentrated in the land under a ~96-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 $950,000, 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 +5.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,226,062 by 2030, with an estimated annual tax burden around $23,096. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,594 SF | ✓ |
| RSBLW | Residence Below | 878 SF | ✓ |
| SO | Sketch Only | 192 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 147 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 84 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $8,789.40 | $8,789.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,978.16 | $4,978.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,570.53 | $3,570.53 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,121.22 | $1,121.22 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $982.30 | $982.30 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,441.61 | $19,441.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $731,155 | $950,000 | -23.0% |
| Assessed Value | $731,155 | $950,000 | -23.0% |
| Land Value | $731,154 | $783,380 | -6.7% |
| Improvement Value | $1 | $166,620 | -100.0% |
| Taxable Value | $731,155 | $950,000 | -23.0% |
| Total Tax 2026 = estimate |
~$14,963
Estimated
|
~$19,442
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $862,910 | $731,155 | -131,755 (-15.3%) |
| Taxable Value | $862,910 | $731,155 | -131,755 (-15.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $731,155 | $731,154 | $1 | — | $731,155 | $731,155 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $950,000 | $783,380 | $166,620 | — | $950,000 | $950,000 | ~$19,442 | Partial |
| 2024 | $969,100 | — | — | −$219,100 | $750,000 | $— | $18,827 | Verified |
| 2023 | $944,553 | — | — | −$269,553 | $675,000 | $— | $17,533 | Verified |
| 2022 | $818,130 | — | — | −$143,130 | $675,000 | $— | $18,654 | Verified |
| 2021 | $774,627 | — | — | −$324,627 | $450,000 | $— | $17,808 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.2% | -9.2% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -2.0% | -2.0% | ~100% | 1.9800% | Verified |
| 2023 | +2.6% | +2.6% | ~100% | 1.8100% | Verified |
| 2022 | +15.5% | +15.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.0% | -0.3% | +11.5% | +15.5% | 2023 | -23.0% | 2026 |
| Assessment Ratio | 100.0% | 81.6% | — | 100.0% | 2025 | 58.1% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,442 | $18,453 | ~$21,595 | $19,442 | 2025 | $17,533 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$999,727 | ~$999,727 | ~2.0139% | ~$20,134 | +5.2% |
| 2027 | ~$1,052,057 | ~$1,052,057 | ~1.9814% | ~$20,845 | +10.7% |
| 2028 | ~$1,107,125 | ~$1,107,125 | ~1.9488% | ~$21,576 | +16.5% |
| 2029 | ~$1,165,077 | ~$1,165,077 | ~1.9163% | ~$22,326 | +22.6% |
| 2030 | ~$1,226,062 | ~$1,226,062 | ~1.8837% | ~$23,096 | +29.1% |
| 2026 | ~$980,727 | ~$980,727 | ~2.0465% | ~$20,070 | +3.2% |
| 2027 | ~$1,012,447 | ~$1,012,447 | ~2.0465% | ~$20,720 | +6.6% |
| 2028 | ~$1,045,194 | ~$1,045,194 | ~2.0465% | ~$21,390 | +10.0% |
| 2029 | ~$1,079,000 | ~$1,079,000 | ~2.0465% | ~$22,082 | +13.6% |
| 2030 | ~$1,113,899 | ~$1,113,899 | ~2.0465% | ~$22,796 | +17.3% |
| 2026 | ~$1,018,727 | ~$1,018,727 | ~1.9977% | ~$20,351 | +7.2% |
| 2027 | ~$1,092,426 | ~$1,092,426 | ~1.9488% | ~$21,290 | +15.0% |
| 2028 | ~$1,171,456 | ~$1,171,456 | ~1.9000% | ~$22,258 | +23.3% |
| 2029 | ~$1,256,204 | ~$1,256,204 | ~1.8512% | ~$23,255 | +32.2% |
| 2030 | ~$1,347,083 | ~$1,347,083 | ~1.8024% | ~$24,279 | +41.8% |
In 2025, this property's market value of $950,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +83% 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 | $950,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $969,100 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $944,553 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $818,130 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $774,627 | $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.