1708 SHARON LN TX 78703
| Owner | 1706/1708 SHARON LN |
|---|---|
| Parcel ID | 0114050508 |
| Short ID | 114130 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,706 SF |
| Land SF | 8,976 SF |
| Acres | 0.206 |
| Year Built | 1956 |
| Legal | LOT 1 BLK 13 RESUB OF LOT 1 WESTFIELD A |
| Neighborhood | XSMF1 |
| Land | $832,313 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $832,313 |
| Improvement | $178,086 |
|---|---|
| Total Improvement | $178,086 |
| Market | $1,010,399 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,010,399 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,010,399 |
| Taxable Value | $1,010,399 |
|---|
Appreciation: Market value has risen +36.4% from $740,544 (2021) to $1,010,399 (2025), a CAGR of 8.1% 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 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 $20,678. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 82% of market value ($832,313 land vs $178,086 improvements), about $93/SF of land. With value concentrated in the land under a ~70-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 $1,010,399, 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 +8.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,489,946 by 2030, with an estimated annual tax burden around $28,067. 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 | 2,706 SF | ✗ |
| 1ST | 1st Floor | 2,183 SF | ✓ |
| 061 | CARPORT ATT 1ST | 528 SF | ✗ |
| 2ND | 2nd Floor | 523 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 140 SF | ✗ |
| 581 | STORAGE ATT | 126 SF | ✓ |
| 012 | PORCH OPEN 2ND F | 85 SF | ✗ |
| 512 | DECK UNCOVRED | 45 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
Market value changed by 76% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $9,348.21 | $9,348.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,294.66 | $5,294.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,797.53 | $3,797.53 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,192.50 | $1,192.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,044.75 | $1,044.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,677.65 | $20,677.65 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $905,000 | $1,010,399 | -10.4% |
| Assessed Value | $905,000 | $1,010,399 | -10.4% |
| Land Value | $832,313 | $832,313 | +0.0% |
| Improvement Value | $72,687 | $178,086 | -59.2% |
| Taxable Value | $905,000 | $1,010,399 | -10.4% |
| Total Tax 2026 = estimate |
~$18,521
Estimated
|
~$20,678
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $905,000 | $905,000 | +0 (+0.0%) |
| Taxable Value | $905,000 | $905,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $905,000 | $832,313 | $72,687 | — | $905,000 | $905,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,010,399 | $832,313 | $178,086 | — | $1,010,399 | $1,010,399 | ~$20,678 | Partial |
| 2024 | $1,488,938 | — | — | −$745,188 | $743,750 | $— | $19,191 | Verified |
| 2023 | $1,583,977 | — | — | −$290,227 | $1,293,750 | $— | $26,939 | Verified |
| 2022 | $973,306 | — | — | — | $1,293,750 ! | $— | $31,282 | Verified |
| 2021 | $740,544 | — | — | −$165,544 | $575,000 | $— | $21,186 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.4% | -10.4% | ~100% | Not available | Partial |
| 2025 | +4.3% | +4.3% | ~100% | Not available | Partial |
| 2024 | -38.9% | -38.9% | ~100% | 1.9800% | Verified |
| 2023 | -7.6% | -7.6% | ~100% | 1.7000% | Verified |
| 2022 | +76.2% ! | +76.2% | ~100% | 1.8200% | Verified |
| 2021 | base year | — | ~100% | 2.8600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.4% | +9.1% | +10.6% | +62.7% | 2023 | -32.1% | 2025 |
| Assessment Ratio | 100.0% | 90.4% | — | 132.9% | 2022 | 50.0% | 2024 |
| 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 |
$20,678 | $23,855 | ~$24,944 | $31,282 | 2022 | $19,191 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,092,015 | ~$1,092,015 | ~2.0139% | ~$21,992 | +8.1% |
| 2027 | ~$1,180,223 | ~$1,180,223 | ~1.9814% | ~$23,385 | +16.8% |
| 2028 | ~$1,275,556 | ~$1,275,556 | ~1.9488% | ~$24,859 | +26.2% |
| 2029 | ~$1,378,589 | ~$1,378,589 | ~1.9163% | ~$26,418 | +36.4% |
| 2030 | ~$1,489,946 | ~$1,489,946 | ~1.8837% | ~$28,067 | +47.5% |
| 2026 | ~$1,071,807 | ~$1,071,807 | ~2.0465% | ~$21,934 | +6.1% |
| 2027 | ~$1,136,946 | ~$1,136,946 | ~2.0465% | ~$23,267 | +12.5% |
| 2028 | ~$1,206,045 | ~$1,206,045 | ~2.0465% | ~$24,682 | +19.4% |
| 2029 | ~$1,279,343 | ~$1,279,343 | ~2.0465% | ~$26,182 | +26.6% |
| 2030 | ~$1,357,095 | ~$1,357,095 | ~2.0465% | ~$27,773 | +34.3% |
| 2026 | ~$1,112,223 | ~$1,111,439 | ~1.9977% | ~$22,203 | +10.1% |
| 2027 | ~$1,224,307 | ~$1,222,583 | ~1.9488% | ~$23,826 | +21.2% |
| 2028 | ~$1,347,688 | ~$1,344,841 | ~1.9000% | ~$25,552 | +33.4% |
| 2029 | ~$1,483,502 | ~$1,479,325 | ~1.8512% | ~$27,385 | +46.8% |
| 2030 | ~$1,633,002 | ~$1,627,258 | ~1.8024% | ~$29,329 | +61.6% |
In 2025, this property's market value of $1,010,399 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +94% 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 | $1,010,399 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,488,938 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,583,977 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $973,306 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $740,544 | $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.