PALACE GREEN TX 78731
| Owner | WILLIAMSBURG HOMEOWNERS |
|---|---|
| Parcel ID | 0142011241 |
| Short ID | 141400 |
| Type | Real |
| Use Code | 17 Clubhouse |
| Valuation | Cost |
| Improvement SF | 1,225 SF |
| Land SF | 385,070 SF |
| Acres | 8.840 |
| Year Built | 1980 |
| Legal | LOT 1-4 CHARLESTON PLACE I-B LOT 1-5 CHARLESTON PLACE II WILLIAMSBURG PUD PHS I-A & I-B + COMMON AREA & PVT STS |
| Neighborhood | X9810 |
| Land | $67,387 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $67,387 |
| Improvement | $11,179 |
|---|---|
| Total Improvement | $11,179 |
| Market | $78,566 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $78,566 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $78,566 |
| Taxable Value | $78,566 |
|---|
| Total Due | $1,849.03 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +10.2% from $71,273 (2021) to $78,566 (2025), a CAGR of 2.5% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $1,608. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Homestead Cap History: This property had an active homestead cap as recently as 2024 ($13,139, ~16.7% of market value at the time). The cap has since reset or expired. Verified clear — 2025 Certified Historical data from AJR 2021–2024 (Partial confidence). Current status confirmed by 2025 TCAD Certified Export.
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 86% of market value ($67,387 land vs $11,179 improvements), about $0/SF of land. With value concentrated in the land under a ~46-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 $78,566, this parcel sits in the bottom quartile (<25th 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 +2.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $88,740 by 2030, with an estimated annual tax burden around $1,672. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $1,849.03 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,225 SF | ✓ |
| SO | Sketch Only | 1,225 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 584 SF | ✗ |
| 581 | STORAGE ATT | 72 SF | ✓ |
| 604 | POOL RES CONC | 2 SF | ✗ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 182 | SINK AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 212 | URINAL AVG | 1 SF | ✓ |
| 338 | STREETS PVT FV | 1 SF | ✗ |
| 521 | FIREPLACE | 1 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +36 |
| Travis County | 0.3444% | 0.3758% | +25 |
| Austin ISD | 0.9505% | 0.9252% | -20 |
| Travis Central Health | 0.1080% | 0.1180% | +8 |
| Austin Community College | 0.1013% | 0.1034% | +2 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $726.89 | $— | $726.89 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $411.70 | $— | $411.70 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $295.29 | $— | $295.29 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $92.73 | $— | $92.73 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $81.24 | $— | $81.24 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,607.85 | $0.00 | $1,607.85 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $79,771 | $78,566 | +1.5% |
| Assessed Value | $79,771 | $78,566 | +1.5% |
| Land Value | $67,387 | $67,387 | +0.0% |
| Improvement Value | $12,384 | $11,179 | +10.8% |
| Taxable Value | $79,771 | $78,566 | +1.5% |
| HS Cap Loss | — | -$13,139 (2024) | |
| Total Tax 2026 = estimate |
~$1,632
Estimated
|
$1,608 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $79,771 | $79,771 | +0 (+0.0%) |
| Taxable Value | $79,771 | $79,771 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $79,771 | $67,387 | $12,384 | — | $79,771 | $79,771 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $78,566 | $67,387 | $11,179 | — | $78,566 | $78,566 | $1,608 | Verified |
| 2024 | $74,833 | — | — | −$7,446 | $67,387 | $— | $1,596 | Verified |
| 2023 | $75,520 | — | — | −$8,133 | $67,387 | $— | $1,354 | Verified |
| 2022 | $70,649 | — | — | −$3,262 | $67,387 | $— | $1,491 | Verified |
| 2021 | $71,273 | — | — | −$3,886 | $67,387 | $— | $1,538 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.5% | +1.5% | ~100% | Not available | Partial |
| 2025 | -2.4% | -2.4% | ~100% | 2.0500% | Verified |
| 2024 | +7.6% | +7.6% | ~100% | 1.9800% | Verified |
| 2023 | -0.9% | -0.9% | ~100% | 1.8100% | Verified |
| 2022 | +6.9% | +6.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.5% | +2.3% | +2.2% | +6.9% | 2023 | -0.9% | 2024 |
| Assessment Ratio | 100.0% | 94.9% | — | 100.0% | 2025 | 89.2% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $1,608 | $1,517 | ~$1,647 | $1,608 | 2025 | $1,354 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$80,503 | ~$80,503 | ~2.0139% | ~$1,621 | +2.5% |
| 2027 | ~$82,488 | ~$82,488 | ~1.9814% | ~$1,634 | +5.0% |
| 2028 | ~$84,521 | ~$84,521 | ~1.9488% | ~$1,647 | +7.6% |
| 2029 | ~$86,605 | ~$86,605 | ~1.9163% | ~$1,660 | +10.2% |
| 2030 | ~$88,740 | ~$88,740 | ~1.8837% | ~$1,672 | +12.9% |
| 2026 | ~$78,932 | ~$78,932 | ~2.0465% | ~$1,615 | +0.5% |
| 2027 | ~$79,299 | ~$79,299 | ~2.0465% | ~$1,623 | +0.9% |
| 2028 | ~$79,668 | ~$79,668 | ~2.0465% | ~$1,630 | +1.4% |
| 2029 | ~$80,039 | ~$80,039 | ~2.0465% | ~$1,638 | +1.9% |
| 2030 | ~$80,411 | ~$80,411 | ~2.0465% | ~$1,646 | +2.3% |
| 2026 | ~$82,074 | ~$82,074 | ~1.9977% | ~$1,640 | +4.5% |
| 2027 | ~$85,739 | ~$85,739 | ~1.9488% | ~$1,671 | +9.1% |
| 2028 | ~$89,568 | ~$89,568 | ~1.9000% | ~$1,702 | +14.0% |
| 2029 | ~$93,568 | ~$93,568 | ~1.8512% | ~$1,732 | +19.1% |
| 2030 | ~$97,746 | ~$97,746 | ~1.8024% | ~$1,762 | +24.4% |
In 2025, this property's market value of $78,566 places it in the bottom 25% for Multi-Family properties in Travis County (12584 comparable) — -85% below 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 | $78,566 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $74,833 | $467,458 | $564,615 | $848,565 | ↓ Bottom 25% | -6.3% |
| 2023 | $75,520 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $70,649 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $71,273 | $300,453 | $376,850 | $539,896 | ↓ Bottom 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.