JACKSON AVE TX 78731
| Owner | GROVE ATX BLOCK 4 LP |
|---|---|
| Parcel ID | 0124000509 |
| Short ID | 913264 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 303,622 SF |
| Land SF | 227,078 SF |
| Acres | 5.213 |
| Year Built | 2020 |
| Legal | LOT 2 BLK A GROVE AT SHOAL CREEK THE |
| Neighborhood | 08NC1 |
| Land | $4,541,566 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,541,566 |
| Improvement | $90,838,434 |
|---|---|
| Total Improvement | $90,838,434 |
| Market | $95,380,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $95,380,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $95,380,000 |
| Taxable Value | $95,380,000 |
|---|
Appreciation: Market value has risen +307.7% from $23,395,001 (2021) to $95,380,000 (2025), a CAGR of 42.1% 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 $1,951,937. 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 5% of market value ($4,541,566 land vs $90,838,434 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $95,380,000, 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 +42.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $552,554,513 by 2030, with an estimated annual tax burden around $2,893,625. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 303,622 SF | ✓ |
| 187 | PARKING GARAGE | 100,000 SF | ✓ |
Market value changed by 138% 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% | $882,455.76 | $882,455.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $499,807.41 | $499,807.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $358,480.96 | $358,480.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $112,570.34 | $112,570.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $98,622.92 | $98,622.92 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,951,937.39 | $1,951,937.39 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $91,830,000 | $95,380,000 | -3.7% |
| Assessed Value | $91,830,000 | $95,380,000 | -3.7% |
| Land Value | $4,541,566 | $4,541,566 | +0.0% |
| Improvement Value | $87,288,434 | $90,838,434 | -3.9% |
| Taxable Value | $91,830,000 | $95,380,000 | -3.7% |
| Total Tax 2026 = estimate |
~$1,879,287
Estimated
|
~$1,951,937
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $91,830,000 | $91,830,000 | +0 (+0.0%) |
| Taxable Value | $91,830,000 | $91,830,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $91,830,000 | $4,541,566 | $87,288,434 | — | $91,830,000 | $91,830,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $95,380,000 | $4,541,566 | $90,838,434 | — | $95,380,000 | $95,380,000 | ~$1,951,937 | Partial |
| 2024 | $121,660,000 | — | — | −$117,118,434 | $4,541,566 | $— | $1,747,742 | Verified |
| 2023 | $118,000,000 | — | — | −$113,458,434 | $4,541,566 | $— | $2,001,668 | Verified |
| 2022 | $53,692,308 | — | — | −$49,150,742 | $4,541,566 | $— | $2,340,279 | Verified |
| 2021 | $23,395,001 | — | — | −$18,853,435 | $4,541,566 | $— | $1,168,709 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.7% | -3.7% | ~100% | Not available | Partial |
| 2025 | +4.0% | +4.0% | ~100% | Not available | Partial |
| 2024 | -24.6% | -24.6% | ~100% | 1.9100% | Verified |
| 2023 | -5.0% | -5.0% | ~100% | 1.6500% | Verified |
| 2022 | +138.4% ! | +138.4% | ~100% | 1.8300% | Verified |
| 2021 | base year | — | ~100% | 5.0000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +77.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.7% | +45.4% | +43.2% | +129.5% | 2022 | -21.6% | 2025 |
| Assessment Ratio | 100.0% | 39.2% | — | 100.0% | 2025 | 3.7% | 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 |
$1,951,937 | $1,842,067 | ~$2,488,682 | $2,340,279 | 2022 | $1,168,709 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$135,531,698 | ~$104,918,000 | ~2.0139% | ~$2,112,982 | +42.1% |
| 2027 | ~$192,585,880 | ~$115,409,800 | ~1.9814% | ~$2,286,716 | +101.9% |
| 2028 | ~$273,657,910 | ~$126,950,780 | ~1.9488% | ~$2,474,067 | +186.9% |
| 2029 | ~$388,858,475 | ~$139,645,858 | ~1.9163% | ~$2,676,021 | +307.7% |
| 2030 | ~$552,554,513 | ~$153,610,444 | ~1.8837% | ~$2,893,625 | +479.3% |
| 2026 | ~$133,624,098 | ~$104,918,000 | ~2.0465% | ~$2,147,131 | +40.1% |
| 2027 | ~$187,202,764 | ~$115,409,800 | ~2.0465% | ~$2,361,844 | +96.3% |
| 2028 | ~$262,264,632 | ~$126,950,780 | ~2.0465% | ~$2,598,029 | +175.0% |
| 2029 | ~$367,423,726 | ~$139,645,858 | ~2.0465% | ~$2,857,832 | +285.2% |
| 2030 | ~$514,747,999 | ~$153,610,444 | ~2.0465% | ~$3,143,615 | +439.7% |
| 2026 | ~$137,439,298 | ~$104,918,000 | ~1.9977% | ~$2,095,907 | +44.1% |
| 2027 | ~$198,045,300 | ~$115,409,800 | ~1.9488% | ~$2,249,152 | +107.6% |
| 2028 | ~$285,376,464 | ~$126,950,780 | ~1.9000% | ~$2,412,086 | +199.2% |
| 2029 | ~$411,217,666 | ~$139,645,858 | ~1.8512% | ~$2,585,116 | +331.1% |
| 2030 | ~$592,550,508 | ~$153,610,444 | ~1.8024% | ~$2,768,630 | +521.3% |
In 2025, this property's market value of $95,380,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 184× 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 | $95,380,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $121,660,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $118,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $53,692,308 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $23,395,001 | $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.