JACKSON AVE TX 78731
| Owner | GROVE ATX BLOCK 2 LP |
|---|---|
| Parcel ID | 0124000508 |
| Short ID | 913262 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 227,700 SF |
| Land SF | 172,890 SF |
| Acres | 3.969 |
| Year Built | 2022 |
| Legal | LOT 4 BLK A GROVE AT SHOAL CREEK THE |
| Neighborhood | 1NC1 |
| Land | $3,457,793 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,457,793 |
| Improvement | $78,449,571 |
|---|---|
| Total Improvement | $78,449,571 |
| Market | $81,907,364 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $81,907,364 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $81,907,364 |
| Taxable Value | $81,907,364 |
|---|
Appreciation: Market value has risen +2268.8% from $3,457,793 (2021) to $81,907,364 (2025), a CAGR of 120.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $1,676,222. 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 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 4% of market value ($3,457,793 land vs $78,449,571 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $81,907,364, 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 +120.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,280,336,353 by 2030, with an estimated annual tax burden around $2,484,894. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 227,700 SF | ✓ |
Market value changed by 192% in 2023, 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% | $757,806.93 | $757,806.93 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $429,208.51 | $429,208.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $307,844.73 | $307,844.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $96,669.53 | $96,669.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $84,692.21 | $84,692.21 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,676,221.91 | $1,676,221.91 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $76,070,000 | $81,907,364 | -7.1% |
| Assessed Value | $76,070,000 | $81,907,364 | -7.1% |
| Land Value | $3,457,793 | $3,457,793 | +0.0% |
| Improvement Value | $72,612,207 | $78,449,571 | -7.4% |
| Taxable Value | $76,070,000 | $81,907,364 | -7.1% |
| Total Tax 2026 = estimate |
~$1,556,761
Estimated
|
~$1,676,222
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $76,070,000 | $76,070,000 | +0 (+0.0%) |
| Taxable Value | $76,070,000 | $76,070,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $76,070,000 | $3,457,793 | $72,612,207 | — | $76,070,000 | $76,070,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $81,907,364 | $3,457,793 | $78,449,571 | — | $81,907,364 | $81,907,364 | ~$1,676,222 | Partial |
| 2024 | $15,023,018 | — | — | −$11,565,225 | $3,457,793 | $— | $1,160,897 | Verified |
| 2023 | $5,152,564 | — | — | −$1,694,771 | $3,457,793 | $— | $271,804 | Verified |
| 2022 | $— | — | — | — | $3,457,793 | $— | $101,759 | Verified |
| 2021 | $3,457,793 | — | — | — | $3,457,793 | $— | $75,265 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.1% | -7.1% | ~100% | Not available | Partial |
| 2025 | +39.8% | +39.8% | ~100% | Not available | Partial |
| 2024 | +289.9% ! | +289.9% | ~100% | 1.9800% | Verified |
| 2023 | +191.6% ! | +191.6% | ~100% | 1.8100% | Verified |
| 2022 | +49.0% | +49.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2268.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.1% | +169.7% | +124.0% | +445.2% | 2025 | -7.1% | 2026 |
| Assessment Ratio | 100.0% | 78.0% | — | 100.0% | 2021 | 23.0% | 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 |
$1,676,222 | $796,047 | ~$2,137,150 | $1,676,222 | 2025 | $75,265 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$180,698,247 | ~$90,098,100 | ~2.0139% | ~$1,814,519 | +120.6% |
| 2027 | ~$398,643,722 | ~$99,107,910 | ~1.9814% | ~$1,963,712 | +386.7% |
| 2028 | ~$879,459,649 | ~$109,018,701 | ~1.9488% | ~$2,124,600 | +973.7% |
| 2029 | ~$1,940,201,822 | ~$119,920,572 | ~1.9163% | ~$2,298,027 | +2268.8% |
| 2030 | ~$4,280,336,353 | ~$131,912,629 | ~1.8837% | ~$2,484,894 | +5125.8% |
| 2026 | ~$179,060,100 | ~$90,098,100 | ~2.0465% | ~$1,843,844 | +118.6% |
| 2027 | ~$391,448,555 | ~$99,107,910 | ~2.0465% | ~$2,028,229 | +377.9% |
| 2028 | ~$855,757,209 | ~$109,018,701 | ~2.0465% | ~$2,231,051 | +944.8% |
| 2029 | ~$1,870,796,025 | ~$119,920,572 | ~2.0465% | ~$2,454,157 | +2184.0% |
| 2030 | ~$4,089,802,262 | ~$131,912,629 | ~2.0465% | ~$2,699,572 | +4893.2% |
| 2026 | ~$182,336,394 | ~$90,098,100 | ~1.9977% | ~$1,799,856 | +122.6% |
| 2027 | ~$405,904,415 | ~$99,107,910 | ~1.9488% | ~$1,931,454 | +395.6% |
| 2028 | ~$903,595,766 | ~$109,018,701 | ~1.9000% | ~$2,071,374 | +1003.2% |
| 2029 | ~$2,011,521,134 | ~$119,920,572 | ~1.8512% | ~$2,219,962 | +2355.8% |
| 2030 | ~$4,477,906,410 | ~$131,912,629 | ~1.8024% | ~$2,377,555 | +5367.0% |
In 2025, this property's market value of $81,907,364 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 158× 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 | $81,907,364 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $15,023,018 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $5,152,564 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $3,457,793 | $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.