1718 PALMA PLAZA TX 78703
| Owner | SULLIVAN MARGARET R |
|---|---|
| Parcel ID | 0111041323 |
| Short ID | 110378 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,200 SF |
| Land SF | 8,651 SF |
| Acres | 0.199 |
| Year Built | 1935 |
| Legal | LOT 32 ENFIELD E |
| Neighborhood | Z3005 |
| Land | $855,950 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $855,950 |
| Improvement | $744,050 |
|---|---|
| Total Improvement | $744,050 |
| Market | $1,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,600,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$541,450 |
| Net Appraised (assessed) | $1,058,550 |
| Exemptions (−) (HS) | −$144,510 |
|---|---|
| Taxable Value | $914,040 |
Appreciation: Market value has risen +38.4% from $1,156,100 (2021) to $1,600,000 (2025), a CAGR of 8.5% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $18,706. Austin ISD is the largest single contributor, at 45.0% of the total 2025 levy.
Assessment Gap: Assessed value ($1,058,550) is $541,450 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 53% of market value ($855,950 land vs $744,050 improvements), about $99/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,600,000, 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 +8.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,401,738 by 2030, with an estimated annual tax burden around $32,114. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,200 SF | ✗ |
| 1ST | 1st Floor | 2,100 SF | ✓ |
| 2ND | 2nd Floor | 2,100 SF | ✓ |
| 061 | CARPORT ATT 1ST | 420 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 70 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 70 SF | ✗ |
| 612 | TERRACE UNCOVERD | 48 SF | ✗ |
| SO | Sketch Only | 48 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $8,498.42 | $8,498.42 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,789.72 | $4,789.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,435.37 | $3,435.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,087.07 | $1,087.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,078.78 | $1,078.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,889.36 | $18,889.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $905,326 | $1,600,000 | -43.4% |
| Assessed Value | $905,326 | $1,058,550 | -14.5% |
| Land Value | $798,887 | $855,950 | -6.7% |
| Improvement Value | $106,439 | $744,050 | -85.7% |
| Taxable Value | $762,833 | $914,040 | -16.5% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$15,611
Estimated
|
~$18,889
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,061,343 | $905,326 | -156,017 (-14.7%) |
| Taxable Value | $865,481 | $762,833 | -102,648 (-11.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $905,326 | $798,887 | $106,439 | — | $905,326 | $762,833 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,600,000 | $855,950 | $744,050 | −$541,450 | $1,058,550 | $914,040 | ~$18,889 | Partial |
| 2024 | $2,046,037 | — | — | −$1,296,037 | $750,000 | $— | $18,584 | Verified |
| 2023 | $1,691,358 | — | — | −$866,358 | $825,000 | $— | $16,696 | Verified |
| 2022 | $— | — | — | — | $825,000 | $— | $16,377 | Verified |
| 2021 | $1,156,100 | — | — | −$606,100 | $550,000 | $— | $23,719 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -33.7% | -3.2% | 96.5% | Not available | Partial |
| 2025 | -14.0% | +1.0% | 66.2% | Not available | Partial |
| 2024 | -9.0% | +2.0% | 56.3% | 1.0000% | Verified |
| 2023 | +21.0% | +14.3% | 50.2% | 0.8200% | Verified |
| 2022 | +47.4% | -21.8% | 53.1% | 0.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +39.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -43.4% | +0.5% | +25.1% | +46.3% | 2023 | -43.4% | 2026 |
| Assessment Ratio | 100.0% | 59.9% | — | 100.0% | 2026 | 36.7% | 2024 |
| Effective Tax Rate (2025) | 1.1800% | 1.1800% | — | 1.1800% | 2025 | 1.1800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,889 | $19,472 | ~$27,620 | $23,719 | 2021 | $16,696 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,735,406 | ~$1,164,405 | ~2.0139% | ~$23,450 | +8.5% |
| 2027 | ~$1,882,272 | ~$1,280,846 | ~1.9814% | ~$25,379 | +17.6% |
| 2028 | ~$2,041,566 | ~$1,408,930 | ~1.9488% | ~$27,458 | +27.6% |
| 2029 | ~$2,214,341 | ~$1,549,823 | ~1.9163% | ~$29,699 | +38.4% |
| 2030 | ~$2,401,738 | ~$1,704,805 | ~1.8837% | ~$32,114 | +50.1% |
| 2026 | ~$1,703,406 | ~$1,164,405 | ~2.0465% | ~$23,829 | +6.5% |
| 2027 | ~$1,813,495 | ~$1,280,846 | ~2.0465% | ~$26,212 | +13.3% |
| 2028 | ~$1,930,699 | ~$1,408,930 | ~2.0465% | ~$28,834 | +20.7% |
| 2029 | ~$2,055,478 | ~$1,549,823 | ~2.0465% | ~$31,717 | +28.5% |
| 2030 | ~$2,188,321 | ~$1,704,805 | ~2.0465% | ~$34,889 | +36.8% |
| 2026 | ~$1,767,406 | ~$1,164,405 | ~1.9977% | ~$23,261 | +10.5% |
| 2027 | ~$1,952,328 | ~$1,280,846 | ~1.9488% | ~$24,962 | +22.0% |
| 2028 | ~$2,156,598 | ~$1,408,930 | ~1.9000% | ~$26,770 | +34.8% |
| 2029 | ~$2,382,240 | ~$1,549,823 | ~1.8512% | ~$28,690 | +48.9% |
| 2030 | ~$2,631,491 | ~$1,704,805 | ~1.8024% | ~$30,727 | +64.5% |
In 2025, this property's market value of $1,600,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 3× 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 | $1,600,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,046,037 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,691,358 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $1,156,100 | $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.