1901 DILLMAN ST AUSTIN, TX 78703
| Owner | KLITCH TIM J & BARBARA J |
|---|---|
| Parcel ID | 0117071502 |
| Short ID | 117059 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 4,899 SF |
| Land SF | 29,579 SF |
| Acres | 0.679 |
| Year Built | 1969 |
| Legal | LOT 17-20 TARRY TOWN NO 4 |
| Neighborhood | XSMF1 |
| Land | $2,384,858 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,384,858 |
| Improvement | $838,211 |
|---|---|
| Total Improvement | $838,211 |
| Market | $3,223,069 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,223,069 |
| Value Limitation Adjustment (−) (homestead cap) | −$564,648 |
| Net Appraised (assessed) | $2,658,421 |
| Exemptions (−) (HS,OV65) | −$481,520 |
|---|---|
| Taxable Value | $2,176,901 |
Appreciation: Market value has risen +85.9% from $1,733,580 (2021) to $3,223,069 (2025), a CAGR of 16.8% 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 $44,550. Austin ISD is the largest single contributor, at 47.9% of the total 2025 levy.
Assessment Gap: Assessed value ($2,658,421) is $564,648 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Multi-family residential. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 74% of market value ($2,384,858 land vs $838,211 improvements), about $81/SF of land. With value concentrated in the land under a ~57-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 $3,223,069, 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 +16.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,997,240 by 2030, with an estimated annual tax burden around $80,651. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,899 SF | ✗ |
| 2ND | 2nd Floor | 2,648 SF | ✓ |
| 1ST | 1st Floor | 2,251 SF | ✓ |
| 450 | SPORT COURT | 800 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 697 SF | ✓ |
| 631 | PORCH CLOS UNFIN | 350 SF | ✓ |
| 012 | PORCH OPEN 2ND F | 171 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 169 SF | ✗ |
| 571 | STORAGE DET | 150 SF | ✓ |
| 581 | STORAGE ATT | 126 SF | ✓ |
| 437 | FENCE MASON LF | 37 SF | ✗ |
| 251 | BATHROOM | 5 SF | ✓ |
| 522 | FIREPLACE | 3 SF | ✓ |
| 222 | FOUNTAIN WTR AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 604 | POOL RES CONC | 1 SF | ✗ |
| 447 | SPA CONCRETE | 1 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +988 |
| Travis County | 0.3444% | 0.3758% | +684 |
| Austin ISD | 0.9505% | 0.9252% | -616 |
| Travis Central Health | 0.1080% | 0.1180% | +215 |
| Austin Community College | 0.1013% | 0.1034% | +54 |
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% | $22,514.01 | $— | $22,514.01 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,151.72 | $— | $11,151.72 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,181.77 | $— | $8,181.77 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,653.77 | $— | $2,653.77 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,519.70 | $— | $2,519.70 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $47,020.97 | $0.00 | $47,020.97 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,223,069 | $3,223,069 | +0.0% |
| Assessed Value | $2,827,570 | $2,658,421 | +6.4% |
| Land Value | $2,981,073 | $2,384,858 | +25.0% |
| Improvement Value | $241,996 | $838,211 | -71.1% |
| Taxable Value | $2,310,171 | $2,176,901 | +6.1% |
| Exemptions | HS,OV65 | HS,OV65 | |
| HS Cap Loss | -$395,499 | — | |
| Total Tax 2026 = estimate |
~$47,277
Estimated
|
$47,021 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,223,069 | $3,223,069 | +0 (+0.0%) |
| Taxable Value | $2,312,220 | $2,310,171 | -2,049 (-0.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,223,069 | $2,981,073 | $241,996 | −$395,499 | $2,827,570 | $2,310,171 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,223,069 | $2,384,858 | $838,211 | −$564,648 | $2,658,421 | $2,176,901 | $47,021 | Verified |
| 2024 | $3,599,054 | — | — | −$1,945,304 | $1,653,750 | $— | $42,965 | Verified |
| 2023 | $3,598,535 | — | — | −$1,236,035 | $2,362,500 | $— | $41,574 | Verified |
| 2022 | $2,304,574 | — | — | — | $2,362,500 ! | $— | $43,772 | Verified |
| 2021 | $1,733,580 | — | — | −$578,580 | $1,155,000 | $— | $37,585 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +6.4% | 87.7% | Not available | Partial |
| 2025 | +17.4% | +12.6% | 82.5% | 1.4600% | Verified |
| 2024 | -23.7% | -4.7% | 86.0% | 1.5700% | Verified |
| 2023 | +0.0% | +5.4% | 68.8% | 1.1600% | Verified |
| 2022 | +56.1% | +27.3% | 65.3% | 1.2200% | Verified |
| 2021 | base year | — | 80.1% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +39.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +15.7% | +16.8% | +56.1% | 2023 | -10.4% | 2025 |
| Assessment Ratio | 87.7% | 75.1% | — | 102.5% | 2022 | 45.9% | 2024 |
| Effective Tax Rate (2025) | 1.4600% | 1.4600% | — | 1.4600% | 2025 | 1.4600% | 2025 |
| Tax Amount | $47,021 | $42,583 | ~$69,364 | $47,021 | 2025 | $37,585 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,763,579 | ~$2,924,263 | ~2.0139% | ~$58,893 | +16.8% |
| 2027 | ~$4,394,733 | ~$3,216,689 | ~1.9814% | ~$63,735 | +36.4% |
| 2028 | ~$5,131,731 | ~$3,538,358 | ~1.9488% | ~$68,957 | +59.2% |
| 2029 | ~$5,992,324 | ~$3,892,194 | ~1.9163% | ~$74,586 | +85.9% |
| 2030 | ~$6,997,240 | ~$4,281,414 | ~1.8837% | ~$80,651 | +117.1% |
| 2026 | ~$3,699,118 | ~$2,924,263 | ~2.0465% | ~$59,845 | +14.8% |
| 2027 | ~$4,245,479 | ~$3,216,689 | ~2.0465% | ~$65,829 | +31.7% |
| 2028 | ~$4,872,538 | ~$3,538,358 | ~2.0465% | ~$72,412 | +51.2% |
| 2029 | ~$5,592,213 | ~$3,892,194 | ~2.0465% | ~$79,653 | +73.5% |
| 2030 | ~$6,418,186 | ~$4,281,414 | ~2.0465% | ~$87,618 | +99.1% |
| 2026 | ~$3,828,040 | ~$2,924,263 | ~1.9977% | ~$58,417 | +18.8% |
| 2027 | ~$4,546,565 | ~$3,216,689 | ~1.9488% | ~$62,688 | +41.1% |
| 2028 | ~$5,399,957 | ~$3,538,358 | ~1.9000% | ~$67,229 | +67.5% |
| 2029 | ~$6,413,531 | ~$3,892,194 | ~1.8512% | ~$72,052 | +99.0% |
| 2030 | ~$7,617,354 | ~$4,281,414 | ~1.8024% | ~$77,167 | +136.3% |
In 2025, this property's market value of $3,223,069 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 6× 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 | $3,223,069 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $3,599,054 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $3,598,535 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,304,574 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,733,580 | $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.