2403 JARRATT AVE TX 78703
| Owner | URBANIAK DEREK |
|---|---|
| Parcel ID | 0115010510 |
| Short ID | 114372 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,962 SF |
| Land SF | 8,868 SF |
| Acres | 0.204 |
| Year Built | 1937 |
| Legal | S 55FT LOT 21 BLK 1 PEMBERTON HEIGHTS SEC 1 |
| Neighborhood | Z320005 |
| Land | $1,047,801 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,047,801 |
| Improvement | $208,734 |
|---|---|
| Total Improvement | $208,734 |
| Market | $1,256,535 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,256,535 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,256,535 |
| Taxable Value | $1,256,535 |
|---|
Appreciation: Market value has risen +51.2% from $830,950 (2021) to $1,256,535 (2025), a CAGR of 10.9% 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 $25,715. 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 83% of market value ($1,047,801 land vs $208,734 improvements), about $118/SF of land. With value concentrated in the land under a ~89-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 $1,256,535, 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 +10.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,107,047 by 2030, with an estimated annual tax burden around $38,121. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 1,962 SF | ✗ |
| 2ND | 2nd Floor | 1,098 SF | ✓ |
| 1ST | 1st Floor | 864 SF | ✓ |
| 031 | GARAGE DET 1ST F | 486 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 234 SF | ✗ |
| 251 | BATHROOM | 2 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% | $11,625.46 | $11,625.46 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,584.46 | $6,584.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,722.62 | $4,722.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,483.00 | $1,483.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,299.26 | $1,299.26 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $25,714.80 | $25,714.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,076,829 | $1,256,535 | -14.3% |
| Assessed Value | $1,076,829 | $1,256,535 | -14.3% |
| Land Value | $946,702 | $1,047,801 | -9.6% |
| Improvement Value | $130,127 | $208,734 | -37.7% |
| Taxable Value | $1,076,829 | $1,256,535 | -14.3% |
| Total Tax 2026 = estimate |
~$22,037
Estimated
|
~$25,715
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,278,743 | $1,076,829 | -201,914 (-15.8%) |
| Taxable Value | $1,278,743 | $1,076,829 | -201,914 (-15.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,076,829 | $946,702 | $130,127 | — | $1,076,829 | $1,076,829 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,256,535 | $1,047,801 | $208,734 | — | $1,256,535 | $1,256,535 | ~$25,715 | Partial |
| 2024 | $1,512,870 | — | — | −$512,870 | $1,000,000 | $— | $25,710 | Verified |
| 2023 | $1,553,190 | — | — | −$553,190 | $1,000,000 | $— | $27,372 | Verified |
| 2022 | $995,900 | — | — | — | $1,000,000 ! | $— | $30,674 | Verified |
| 2021 | $830,950 | — | — | −$80,950 | $750,000 | $— | $21,678 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.8% | +1.8% | ~100% | Not available | Partial |
| 2025 | -3.1% | -3.1% | ~100% | Not available | Partial |
| 2024 | -14.2% | -14.2% | ~100% | 1.9800% | Verified |
| 2023 | -11.7% | -11.7% | ~100% | 1.8100% | Verified |
| 2022 | +72.0% | +72.0% | ~100% | 1.7900% | Verified |
| 2021 | base year | — | ~100% | 2.6100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +26.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.3% | +8.4% | +14.6% | +56.0% | 2023 | -16.9% | 2025 |
| Assessment Ratio | 100.0% | 86.9% | — | 100.4% | 2022 | 64.4% | 2023 |
| 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 |
$25,715 | $26,230 | ~$32,786 | $30,674 | 2022 | $21,678 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,393,396 | ~$1,382,188 | ~2.0139% | ~$27,836 | +10.9% |
| 2027 | ~$1,545,163 | ~$1,520,407 | ~1.9814% | ~$30,125 | +23.0% |
| 2028 | ~$1,713,462 | ~$1,672,448 | ~1.9488% | ~$32,593 | +36.4% |
| 2029 | ~$1,900,091 | ~$1,839,693 | ~1.9163% | ~$35,254 | +51.2% |
| 2030 | ~$2,107,047 | ~$2,023,662 | ~1.8837% | ~$38,121 | +67.7% |
| 2026 | ~$1,368,265 | ~$1,368,265 | ~2.0465% | ~$28,001 | +8.9% |
| 2027 | ~$1,489,930 | ~$1,489,930 | ~2.0465% | ~$30,491 | +18.6% |
| 2028 | ~$1,622,414 | ~$1,622,414 | ~2.0465% | ~$33,202 | +29.1% |
| 2029 | ~$1,766,678 | ~$1,766,678 | ~2.0465% | ~$36,155 | +40.6% |
| 2030 | ~$1,923,769 | ~$1,923,769 | ~2.0465% | ~$39,370 | +53.1% |
| 2026 | ~$1,418,527 | ~$1,382,188 | ~1.9977% | ~$27,611 | +12.9% |
| 2027 | ~$1,601,402 | ~$1,520,407 | ~1.9488% | ~$29,630 | +27.4% |
| 2028 | ~$1,807,853 | ~$1,672,448 | ~1.9000% | ~$31,777 | +43.9% |
| 2029 | ~$2,040,921 | ~$1,839,693 | ~1.8512% | ~$34,056 | +62.4% |
| 2030 | ~$2,304,035 | ~$2,023,662 | ~1.8024% | ~$36,474 | +83.4% |
In 2025, this property's market value of $1,256,535 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 | $1,256,535 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,512,870 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,553,190 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $995,900 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $830,950 | $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.