1628 PALMA PLAZA TX 78703
| Owner | SNOBER BASHAR |
|---|---|
| Parcel ID | 0111030801 |
| Short ID | 110164 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 3,346 SF |
| Land SF | 12,005 SF |
| Acres | 0.276 |
| Year Built | 1966 |
| Legal | LOT 7 ENFIELD E |
| Neighborhood | Z3005 |
| Land | $937,775 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $937,775 |
| Improvement | $566,980 |
|---|---|
| Total Improvement | $566,980 |
| Market | $1,504,755 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,504,755 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,504,755 |
| Exemptions (−) (HS) | −$266,932 |
|---|---|
| Taxable Value | $1,237,823 |
Appreciation: Market value has risen +35.9% from $1,107,100 (2021) to $1,504,755 (2025), a CAGR of 8.0% over 4 years. This represents moderate, steady growth. 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 $25,332. Austin ISD is the largest single contributor, at 47.2% 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 62% of market value ($937,775 land vs $566,980 improvements), about $78/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,504,755, 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 +8.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,208,333 by 2030, with an estimated annual tax burden around $41,599. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,346 SF | ✗ |
| 1ST | 1st Floor | 1,854 SF | ✓ |
| 2ND | 2nd Floor | 1,492 SF | ✓ |
| 612 | TERRACE UNCOVERD | 594 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 28 SF | ✗ |
| 251 | BATHROOM | 3 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% | $12,626.71 | $12,626.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,486.40 | $6,486.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,652.30 | $4,652.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,542.12 | $1,542.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,460.92 | $1,460.92 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $26,768.45 | $26,768.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,035,408 | $1,504,755 | -31.2% |
| Assessed Value | $1,035,408 | $1,504,755 | -31.2% |
| Land Value | $875,257 | $937,775 | -6.7% |
| Improvement Value | $160,151 | $566,980 | -71.8% |
| Taxable Value | $837,936 | $1,237,823 | -32.3% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$17,148
Estimated
|
~$26,768
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,072,962 | $1,035,408 | -37,554 (-3.5%) |
| Taxable Value | $870,232 | $837,936 | -32,296 (-3.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,035,408 | $875,257 | $160,151 | — | $1,035,408 | $837,936 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,504,755 | $937,775 | $566,980 | — | $1,504,755 | $1,237,823 | ~$26,768 | Partial |
| 2024 | $1,788,542 | — | — | −$851,042 | $937,500 | $— | $13,874 | Verified |
| 2023 | $1,625,346 | — | — | −$687,846 | $937,500 | $— | $12,614 | Verified |
| 2022 | $1,114,651 | — | — | −$177,151 | $937,500 | $— | $14,784 | Verified |
| 2021 | $1,107,100 | — | — | −$482,100 | $625,000 | $— | $14,072 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -28.7% | -28.7% | ~100% | Not available | Partial |
| 2025 | -21.0% | +13.5% | ~100% | Not available | Partial |
| 2024 | +6.5% | +10.8% | 69.6% | 0.7300% | Verified |
| 2023 | +10.0% | +12.7% | 66.9% | 0.7100% | Verified |
| 2022 | +45.8% | +14.8% | 65.4% | 0.9100% | Verified |
| 2021 | base year | — | 83.0% | 1.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -31.2% | +1.9% | +17.8% | +45.8% | 2023 | -31.2% | 2026 |
| Assessment Ratio | 100.0% | 75.1% | — | 100.0% | 2025 | 52.4% | 2024 |
| Effective Tax Rate (2025) | 1.7800% | 1.7800% | — | 1.7800% | 2025 | 1.7800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$26,768 | $16,422 | ~$37,038 | $26,768 | 2025 | $12,614 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,624,746 | ~$1,624,746 | ~2.0139% | ~$32,721 | +8.0% |
| 2027 | ~$1,754,306 | ~$1,754,306 | ~1.9814% | ~$34,760 | +16.6% |
| 2028 | ~$1,894,196 | ~$1,894,196 | ~1.9488% | ~$36,915 | +25.9% |
| 2029 | ~$2,045,242 | ~$2,045,242 | ~1.9163% | ~$39,193 | +35.9% |
| 2030 | ~$2,208,333 | ~$2,208,333 | ~1.8837% | ~$41,599 | +46.8% |
| 2026 | ~$1,594,651 | ~$1,594,651 | ~2.0465% | ~$32,634 | +6.0% |
| 2027 | ~$1,689,918 | ~$1,689,918 | ~2.0465% | ~$34,584 | +12.3% |
| 2028 | ~$1,790,876 | ~$1,790,876 | ~2.0465% | ~$36,650 | +19.0% |
| 2029 | ~$1,897,865 | ~$1,897,865 | ~2.0465% | ~$38,840 | +26.1% |
| 2030 | ~$2,011,246 | ~$2,011,246 | ~2.0465% | ~$41,160 | +33.7% |
| 2026 | ~$1,654,841 | ~$1,654,841 | ~1.9977% | ~$33,058 | +10.0% |
| 2027 | ~$1,819,897 | ~$1,819,897 | ~1.9488% | ~$35,467 | +20.9% |
| 2028 | ~$2,001,416 | ~$2,001,416 | ~1.9000% | ~$38,027 | +33.0% |
| 2029 | ~$2,201,040 | ~$2,201,040 | ~1.8512% | ~$40,746 | +46.3% |
| 2030 | ~$2,420,575 | ~$2,420,575 | ~1.8024% | ~$43,628 | +60.9% |
In 2025, this property's market value of $1,504,755 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +189% 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 | $1,504,755 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,788,542 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,625,346 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,114,651 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,107,100 | $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.