1502 W 34 ST TX 78703
| Owner | AR & JR REAL ESTATE HOLDINGS L P |
|---|---|
| Parcel ID | 0119001109 |
| Short ID | 119480 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,446 SF |
| Land SF | 7,570 SF |
| Acres | 0.174 |
| Year Built | 1940 |
| Legal | LOT 6 THIELE WILLIAM |
| Neighborhood | Z330005 |
| Land | $649,779 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $649,779 |
| Improvement | $445,550 |
|---|---|
| Total Improvement | $445,550 |
| Market | $1,095,329 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,095,329 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,095,329 |
| Taxable Value | $1,095,329 |
|---|
Appreciation: Market value has risen +138.1% from $459,935 (2021) to $1,095,329 (2025), a CAGR of 24.2% 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 $22,416. 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 59% of market value ($649,779 land vs $445,550 improvements), about $86/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,095,329, 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 +24.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,240,446 by 2030, with an estimated annual tax burden around $33,230. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,446 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,446 SF | ✗ |
| 051 | CARPORT DET 1ST | 306 SF | ✗ |
| 061 | CARPORT ATT 1ST | 147 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 36 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
Market value changed by 80% 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% | $10,133.98 | $10,133.98 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,739.71 | $5,739.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,116.74 | $4,116.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,292.74 | $1,292.74 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,132.57 | $1,132.57 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,415.74 | $22,415.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $624,000 | $1,095,329 | -43.0% |
| Assessed Value | $624,000 | $1,095,329 | -43.0% |
| Land Value | $649,779 | $649,779 | +0.0% |
| Improvement Value | — | $445,550 | — |
| Taxable Value | $624,000 | $1,095,329 | -43.0% |
| Total Tax 2026 = estimate |
~$12,770
Estimated
|
~$22,416
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $624,000 | $624,000 | +0 (+0.0%) |
| Taxable Value | $624,000 | $624,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $624,000 | $649,779 | — | — | $624,000 | $624,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,095,329 | $649,779 | $445,550 | — | $1,095,329 | $1,095,329 | ~$22,416 | Partial |
| 2024 | $1,233,470 | — | — | −$477,470 | $756,000 | $— | $25,836 | Verified |
| 2023 | $1,054,989 | — | — | −$298,989 | $756,000 | $— | $22,317 | Verified |
| 2022 | $613,200 | — | — | — | $756,000 ! | $— | $20,835 | Verified |
| 2021 | $459,935 | — | — | −$34,685 | $425,250 | $— | $13,347 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -43.0% | -43.0% | ~100% | Not available | Partial |
| 2025 | -16.0% | -16.0% | ~100% | Not available | Partial |
| 2024 | -5.2% | -5.2% | ~100% | 1.9800% | Verified |
| 2023 | +24.4% | +24.4% | ~100% | 1.6200% | Verified |
| 2022 | +80.3% ! | +80.3% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.9000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +78.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -43.0% | +13.6% | +43.0% | +72.0% | 2023 | -43.0% | 2026 |
| Assessment Ratio | 100.0% | 91.5% | — | 123.3% | 2022 | 61.3% | 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 |
$22,416 | $20,950 | ~$28,580 | $25,836 | 2024 | $13,347 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,360,682 | ~$1,204,862 | ~2.0139% | ~$24,265 | +24.2% |
| 2027 | ~$1,690,319 | ~$1,325,348 | ~1.9814% | ~$26,260 | +54.3% |
| 2028 | ~$2,099,813 | ~$1,457,883 | ~1.9488% | ~$28,412 | +91.7% |
| 2029 | ~$2,608,511 | ~$1,603,671 | ~1.9163% | ~$30,731 | +138.1% |
| 2030 | ~$3,240,446 | ~$1,764,038 | ~1.8837% | ~$33,230 | +195.8% |
| 2026 | ~$1,338,775 | ~$1,204,862 | ~2.0465% | ~$24,657 | +22.2% |
| 2027 | ~$1,636,330 | ~$1,325,348 | ~2.0465% | ~$27,123 | +49.4% |
| 2028 | ~$2,000,018 | ~$1,457,883 | ~2.0465% | ~$29,835 | +82.6% |
| 2029 | ~$2,444,540 | ~$1,603,671 | ~2.0465% | ~$32,819 | +123.2% |
| 2030 | ~$2,987,860 | ~$1,764,038 | ~2.0465% | ~$36,101 | +172.8% |
| 2026 | ~$1,382,589 | ~$1,204,862 | ~1.9977% | ~$24,069 | +26.2% |
| 2027 | ~$1,745,184 | ~$1,325,348 | ~1.9488% | ~$25,829 | +59.3% |
| 2028 | ~$2,202,874 | ~$1,457,883 | ~1.9000% | ~$27,700 | +101.1% |
| 2029 | ~$2,780,597 | ~$1,603,671 | ~1.8512% | ~$29,687 | +153.9% |
| 2030 | ~$3,509,832 | ~$1,764,038 | ~1.8024% | ~$31,795 | +220.4% |
In 2025, this property's market value of $1,095,329 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +111% 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 | $1,095,329 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,233,470 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,054,989 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $613,200 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $459,935 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.