1707 PALMA PLAZA TX 78703
| Owner | GILL HUBERT L |
|---|---|
| Parcel ID | 0111040916 |
| Short ID | 110273 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,412 SF |
| Land SF | 7,522 SF |
| Acres | 0.173 |
| Year Built | 1931 |
| Legal | LOT 20 ENFIELD E |
| Neighborhood | Z3005 |
| Land | $834,791 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $834,791 |
| Improvement | $423,846 |
|---|---|
| Total Improvement | $423,846 |
| Market | $1,258,637 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,258,637 |
| Value Limitation Adjustment (−) (homestead cap) | −$76,746 |
| Net Appraised (assessed) | $1,181,891 |
| Exemptions (−) (HS,OV65) | −$253,734 |
|---|---|
| Taxable Value | $928,157 |
Appreciation: Market value has risen +40.8% from $894,163 (2021) to $1,258,637 (2025), a CAGR of 8.9% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $18,995. Austin ISD is the largest single contributor, at 36.8% of the total 2025 levy.
Assessment Gap: Assessed value ($1,181,891) is $76,746 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 66% of market value ($834,791 land vs $423,846 improvements), about $111/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,258,637, 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 +8.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,929,769 by 2030, with an estimated annual tax burden around $35,856. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,412 SF | ✗ |
| 1ST | 1st Floor | 1,206 SF | ✓ |
| 2ND | 2nd Floor | 1,206 SF | ✓ |
| 512 | DECK UNCOVRED | 220 SF | ✗ |
| 513 | DECK COVERED | 112 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 417obs | Hot tub (obsolete) | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +408 |
| Travis County | 0.3444% | 0.3758% | +291 |
| Austin ISD | 0.9505% | 0.9252% | -159 |
| Travis Central Health | 0.1080% | 0.1180% | +89 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $5,822.46 | $— | $5,822.46 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,608.08 | $— | $4,608.08 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,488.43 | $— | $3,488.43 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,045.89 | $— | $1,045.89 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $852.36 | $— | $852.36 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,817.22 | $0.00 | $15,817.22 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $914,000 | $1,258,637 | -27.4% |
| Assessed Value | $914,000 | $1,181,891 | -22.7% |
| Land Value | $779,138 | $834,791 | -6.7% |
| Improvement Value | $134,862 | $423,846 | -68.2% |
| Taxable Value | $677,331 | $928,157 | -27.0% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$13,861
Estimated
|
$15,817 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $914,000 | $914,000 | +0 (+0.0%) |
| Taxable Value | $679,380 | $677,331 | -2,049 (-0.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $914,000 | $779,138 | $134,862 | — | $914,000 | $677,331 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,258,637 | $834,791 | $423,846 | −$76,746 | $1,181,891 | $928,157 | $15,817 | Verified |
| 2024 | $1,517,782 | — | — | −$767,782 | $750,000 | $— | $16,056 | Verified |
| 2023 | $1,404,061 | — | — | −$616,561 | $787,500 | $— | $15,986 | Verified |
| 2022 | $910,400 | — | — | −$122,900 | $787,500 | $— | $17,673 | Verified |
| 2021 | $894,163 | — | — | −$369,163 | $525,000 | $— | $13,746 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -27.4% | -22.7% | ~100% | Not available | Partial |
| 2025 | -7.5% | -0.1% | 93.9% | 1.2600% | Verified |
| 2024 | -10.3% | -2.7% | 86.9% | 1.1800% | Verified |
| 2023 | +8.1% | +8.8% | 80.1% | 1.0500% | Verified |
| 2022 | +54.2% | +34.2% | 79.6% | 1.2600% | Verified |
| 2021 | base year | — | 91.5% | 1.5400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -27.4% | +3.9% | +17.1% | +54.2% | 2023 | -27.4% | 2026 |
| Assessment Ratio | 100.0% | 74.1% | — | 100.0% | 2026 | 49.4% | 2024 |
| Effective Tax Rate (2025) | 1.2600% | 1.2600% | — | 1.2600% | 2025 | 1.2600% | 2025 |
| Tax Amount | $15,817 | $15,856 | ~$30,838 | $17,673 | 2022 | $13,746 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,370,949 | ~$1,300,080 | ~2.0139% | ~$26,183 | +8.9% |
| 2027 | ~$1,493,284 | ~$1,430,088 | ~1.9814% | ~$28,336 | +18.6% |
| 2028 | ~$1,626,535 | ~$1,573,097 | ~1.9488% | ~$30,657 | +29.2% |
| 2029 | ~$1,771,676 | ~$1,730,407 | ~1.9163% | ~$33,160 | +40.8% |
| 2030 | ~$1,929,769 | ~$1,903,447 | ~1.8837% | ~$35,856 | +53.3% |
| 2026 | ~$1,345,777 | ~$1,300,080 | ~2.0465% | ~$26,606 | +6.9% |
| 2027 | ~$1,438,949 | ~$1,430,088 | ~2.0465% | ~$29,267 | +14.3% |
| 2028 | ~$1,538,573 | ~$1,538,573 | ~2.0465% | ~$31,487 | +22.2% |
| 2029 | ~$1,645,093 | ~$1,645,093 | ~2.0465% | ~$33,667 | +30.7% |
| 2030 | ~$1,758,989 | ~$1,758,989 | ~2.0465% | ~$35,997 | +39.8% |
| 2026 | ~$1,396,122 | ~$1,300,080 | ~1.9977% | ~$25,971 | +10.9% |
| 2027 | ~$1,548,625 | ~$1,430,088 | ~1.9488% | ~$27,870 | +23.0% |
| 2028 | ~$1,717,787 | ~$1,573,097 | ~1.9000% | ~$29,889 | +36.5% |
| 2029 | ~$1,905,427 | ~$1,730,407 | ~1.8512% | ~$32,033 | +51.4% |
| 2030 | ~$2,113,563 | ~$1,903,447 | ~1.8024% | ~$34,307 | +67.9% |
In 2025, this property's market value of $1,258,637 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +142% 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 | $1,258,637 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,517,782 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,404,061 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $910,400 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $894,163 | $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.