1725 PALMA PLAZA TX 78703
| Owner | GYRO ENGINEERING CORP |
|---|---|
| Parcel ID | 0111040907 |
| Short ID | 110264 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 4,311 SF |
| Land SF | 9,782 SF |
| Acres | 0.225 |
| Year Built | 1984 |
| Legal | LOT 29 *& W 5FT LOT 28 ENFIELD E |
| Neighborhood | Z3005 |
| Land | $891,836 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $891,836 |
| Improvement | $594,558 |
|---|---|
| Total Improvement | $594,558 |
| Market | $1,486,394 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,486,394 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,486,394 |
| Taxable Value | $1,486,394 |
|---|
Appreciation: Market value has risen +32.1% from $1,124,838 (2021) to $1,486,394 (2025), a CAGR of 7.2% 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 $30,419. 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 60% of market value ($891,836 land vs $594,558 improvements), about $91/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,486,394, 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 +7.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,105,906 by 2030, with an estimated annual tax burden around $39,670. 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 | 4,311 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 4,311 SF | ✗ |
| 436 | FENCE MASON SF | 100 SF | ✗ |
| 612 | TERRACE UNCOVERD | 39 SF | ✗ |
| SO | Sketch Only | 39 SF | ✗ |
| 251 | BATHROOM | 8 SF | ✓ |
| 522 | FIREPLACE | 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% | $13,752.12 | $13,752.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,788.96 | $7,788.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,586.54 | $5,586.54 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,754.29 | $1,754.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,536.93 | $1,536.93 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,418.84 | $30,418.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $940,968 | $1,486,394 | -36.7% |
| Assessed Value | $940,968 | $1,486,394 | -36.7% |
| Land Value | $832,380 | $891,836 | -6.7% |
| Improvement Value | $108,588 | $594,558 | -81.7% |
| Taxable Value | $940,968 | $1,486,394 | -36.7% |
| Total Tax 2026 = estimate |
~$19,257
Estimated
|
~$30,419
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,103,128 | $940,968 | -162,160 (-14.7%) |
| Taxable Value | $1,103,128 | $940,968 | -162,160 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $940,968 | $832,380 | $108,588 | — | $940,968 | $940,968 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,486,394 | $891,836 | $594,558 | — | $1,486,394 | $1,486,394 | ~$30,419 | Partial |
| 2024 | $1,528,443 | — | — | −$665,943 | $862,500 | $— | $30,291 | Verified |
| 2023 | $1,549,297 | — | — | −$686,797 | $862,500 | $— | $21,619 | Verified |
| 2022 | $1,134,100 | — | — | −$271,600 | $862,500 | $— | $22,032 | Verified |
| 2021 | $1,124,838 | — | — | −$549,838 | $575,000 | $— | $22,117 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -25.8% | -25.8% | ~100% | Not available | Partial |
| 2025 | -2.8% | -2.8% | ~100% | Not available | Partial |
| 2024 | +0.0% | +11.4% | ~100% | 1.9800% | Verified |
| 2023 | -1.3% | +10.0% | 89.8% | 1.4100% | Verified |
| 2022 | +36.6% | +10.0% | 80.5% | 1.4200% | Verified |
| 2021 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -36.7% | -0.7% | +19.6% | +36.6% | 2023 | -36.7% | 2026 |
| Assessment Ratio | 100.0% | 73.2% | — | 100.0% | 2025 | 51.1% | 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 |
$30,419 | $25,295 | ~$35,792 | $30,419 | 2025 | $21,619 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,593,657 | ~$1,593,657 | ~2.0139% | ~$32,095 | +7.2% |
| 2027 | ~$1,708,661 | ~$1,708,661 | ~1.9814% | ~$33,855 | +15.0% |
| 2028 | ~$1,831,964 | ~$1,831,964 | ~1.9488% | ~$35,702 | +23.2% |
| 2029 | ~$1,964,165 | ~$1,964,165 | ~1.9163% | ~$37,639 | +32.1% |
| 2030 | ~$2,105,906 | ~$2,105,906 | ~1.8837% | ~$39,670 | +41.7% |
| 2026 | ~$1,563,929 | ~$1,563,929 | ~2.0465% | ~$32,006 | +5.2% |
| 2027 | ~$1,645,509 | ~$1,645,509 | ~2.0465% | ~$33,675 | +10.7% |
| 2028 | ~$1,731,345 | ~$1,731,345 | ~2.0465% | ~$35,432 | +16.5% |
| 2029 | ~$1,821,658 | ~$1,821,658 | ~2.0465% | ~$37,280 | +22.6% |
| 2030 | ~$1,916,682 | ~$1,916,682 | ~2.0465% | ~$39,225 | +28.9% |
| 2026 | ~$1,623,385 | ~$1,623,385 | ~1.9977% | ~$32,430 | +9.2% |
| 2027 | ~$1,773,002 | ~$1,773,002 | ~1.9488% | ~$34,553 | +19.3% |
| 2028 | ~$1,936,408 | ~$1,936,408 | ~1.9000% | ~$36,792 | +30.3% |
| 2029 | ~$2,114,874 | ~$2,114,874 | ~1.8512% | ~$39,150 | +42.3% |
| 2030 | ~$2,309,788 | ~$2,309,788 | ~1.8024% | ~$41,631 | +55.4% |
In 2025, this property's market value of $1,486,394 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +186% 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 | $1,486,394 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,528,443 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,549,297 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,134,100 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,124,838 | $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.