2402 JARRATT AVE TX 78703
| Owner | JARRATT PROPERTIES LLC |
|---|---|
| Parcel ID | 0115010416 |
| Short ID | 521327 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,225 SF |
| Land SF | 8,888 SF |
| Acres | 0.204 |
| Year Built | 1959 |
| Legal | LOT 2 BLK 6 PEMBERTON HEIGHTS SEC 1 |
| Neighborhood | Z320005 |
| Land | $1,048,141 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,048,141 |
| Improvement | $375,699 |
|---|---|
| Total Improvement | $375,699 |
| Market | $1,423,840 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,423,840 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,423,840 |
| Taxable Value | $1,423,840 |
|---|
Appreciation: Market value has risen +52.7% from $932,500 (2021) to $1,423,840 (2025), a CAGR of 11.2% 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 $29,139. 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 74% of market value ($1,048,141 land vs $375,699 improvements), about $118/SF of land. With value concentrated in the land under a ~67-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 $1,423,840, 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 +11.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,416,722 by 2030, with an estimated annual tax burden around $43,196. 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 | 2,225 SF | ✗ |
| 2ND | 2nd Floor | 1,125 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 1,125 SF | ✓ |
| 1ST | 1st Floor | 1,100 SF | ✓ |
| 051 | CARPORT DET 1ST | 660 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 212 SF | ✗ |
| 581 | STORAGE ATT | 120 SF | ✓ |
| 012 | PORCH OPEN 2ND F | 100 SF | ✗ |
| 251 | BATHROOM | 4 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% | $13,173.37 | $13,173.37 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,461.16 | $7,461.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,351.43 | $5,351.43 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,680.46 | $1,680.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,472.25 | $1,472.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $29,138.67 | $29,138.67 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,303,151 | $1,423,840 | -8.5% |
| Assessed Value | $1,303,151 | $1,423,840 | -8.5% |
| Land Value | $947,212 | $1,048,141 | -9.6% |
| Improvement Value | $355,939 | $375,699 | -5.3% |
| Taxable Value | $1,303,151 | $1,423,840 | -8.5% |
| Total Tax 2026 = estimate |
~$26,669
Estimated
|
~$29,139
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,303,151 | $1,303,151 | +0 (+0.0%) |
| Taxable Value | $1,303,151 | $1,303,151 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,303,151 | $947,212 | $355,939 | — | $1,303,151 | $1,303,151 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,423,840 | $1,048,141 | $375,699 | — | $1,423,840 | $1,423,840 | ~$29,139 | Partial |
| 2024 | $1,700,000 | — | — | −$700,000 | $1,000,000 | $— | $30,570 | Verified |
| 2023 | $1,500,000 | — | — | −$450,000 | $1,050,000 | $— | $30,757 | Verified |
| 2022 | $932,500 | — | — | — | $1,050,000 ! | $— | $30,015 | Verified |
| 2021 | $932,500 | — | — | −$145,000 | $787,500 | $— | $20,298 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.5% | -8.5% | ~100% | Not available | Partial |
| 2025 | -7.7% | -7.7% | ~100% | Not available | Partial |
| 2024 | -17.8% | -17.8% | ~100% | 1.9800% | Verified |
| 2023 | -1.1% | -1.1% | ~100% | 1.6400% | Verified |
| 2022 | +74.2% | +74.2% | ~100% | 1.5800% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.5% | +9.9% | +13.2% | +60.9% | 2023 | -16.2% | 2025 |
| Assessment Ratio | 100.0% | 87.6% | — | 112.6% | 2022 | 58.8% | 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 |
$29,139 | $28,156 | ~$37,151 | $30,757 | 2023 | $20,298 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,582,757 | ~$1,566,224 | ~2.0139% | ~$31,543 | +11.2% |
| 2027 | ~$1,759,411 | ~$1,722,846 | ~1.9814% | ~$34,136 | +23.6% |
| 2028 | ~$1,955,782 | ~$1,895,131 | ~1.9488% | ~$36,933 | +37.4% |
| 2029 | ~$2,174,070 | ~$2,084,644 | ~1.9163% | ~$39,948 | +52.7% |
| 2030 | ~$2,416,722 | ~$2,293,109 | ~1.8837% | ~$43,196 | +69.7% |
| 2026 | ~$1,554,280 | ~$1,554,280 | ~2.0465% | ~$31,808 | +9.2% |
| 2027 | ~$1,696,670 | ~$1,696,670 | ~2.0465% | ~$34,722 | +19.2% |
| 2028 | ~$1,852,105 | ~$1,852,105 | ~2.0465% | ~$37,903 | +30.1% |
| 2029 | ~$2,021,780 | ~$2,021,780 | ~2.0465% | ~$41,375 | +42.0% |
| 2030 | ~$2,206,998 | ~$2,206,998 | ~2.0465% | ~$45,166 | +55.0% |
| 2026 | ~$1,611,234 | ~$1,566,224 | ~1.9977% | ~$31,288 | +13.2% |
| 2027 | ~$1,823,291 | ~$1,722,846 | ~1.9488% | ~$33,576 | +28.1% |
| 2028 | ~$2,063,257 | ~$1,895,131 | ~1.9000% | ~$36,008 | +44.9% |
| 2029 | ~$2,334,806 | ~$2,084,644 | ~1.8512% | ~$38,591 | +64.0% |
| 2030 | ~$2,642,094 | ~$2,293,109 | ~1.8024% | ~$41,330 | +85.6% |
In 2025, this property's market value of $1,423,840 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +174% 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 | $1,423,840 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,700,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $932,500 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $932,500 | $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.