70 RAINEY ST 3201 TX 78701
| Owner | NORROD FORREST E & KAREN CASALE |
|---|---|
| Parcel ID | 0203032067 |
| Short ID | 890617 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 2,978 SF |
| Land SF | 280 SF |
| Acres | 0.006 |
| Year Built | 2018 |
| Legal | UNT 3201 70 RAINEY RESIDENCES CONDOMINIUMS PLUS 1.25 % INT IN COM AREA |
| Neighborhood | Z17099C |
| Land | $210,308 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $210,308 |
| Improvement | $2,669,597 |
|---|---|
| Total Improvement | $2,669,597 |
| Market | $2,879,905 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,879,905 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,879,905 |
| Taxable Value | $2,879,905 |
|---|
Appreciation: Market value has risen +55.9% from $1,846,963 (2021) to $2,879,905 (2025), a CAGR of 11.7% 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.
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 $58,937. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: O. 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 7% of market value ($210,308 land vs $2,669,597 improvements), about $751/SF of land. Most value sits in the improvements, so building condition, age (~8 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +11.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,017,971 by 2030, with an estimated annual tax burden around $87,370. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,978 SF | ✓ |
| 612 | TERRACE UNCOVERD | 182 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 252 | BEDROOMS | 3 SF | ✓ |
Market value changed by 129% 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% | $26,644.88 | $26,644.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $15,091.19 | $15,091.19 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,823.98 | $10,823.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,398.95 | $3,398.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,977.82 | $2,977.82 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $58,936.82 | $58,936.82 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,670,000 | $2,879,905 | -7.3% |
| Assessed Value | $2,670,000 | $2,879,905 | -7.3% |
| Land Value | $245,359 | $210,308 | +16.7% |
| Improvement Value | $2,424,641 | $2,669,597 | -9.2% |
| Taxable Value | $2,670,000 | $2,879,905 | -7.3% |
| Total Tax 2026 = estimate |
~$54,641
Estimated
|
~$58,937
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,368,568 | $2,670,000 | -698,568 (-20.7%) |
| Taxable Value | $3,368,568 | $2,670,000 | -698,568 (-20.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,670,000 | $245,359 | $2,424,641 | — | $2,670,000 | $2,670,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,879,905 | $210,308 | $2,669,597 | — | $2,879,905 | $2,879,905 | ~$58,937 | Partial |
| 2024 | $4,112,501 | — | — | −$3,902,193 | $210,308 | $— | $62,916 | Verified |
| 2023 | $4,007,131 | — | — | −$3,796,823 | $210,308 | $— | $74,405 | Verified |
| 2022 | $1,751,299 | — | — | −$1,540,991 | $210,308 | $— | $79,138 | Verified |
| 2021 | $1,846,963 | — | — | −$1,741,808 | $105,155 | $— | $38,120 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +17.0% | +17.0% | ~100% | Not available | Partial |
| 2025 | -9.3% | -9.3% | ~100% | Not available | Partial |
| 2024 | -22.8% | -22.8% | ~100% | 1.9800% | Verified |
| 2023 | +2.6% | +2.6% | ~100% | 1.8100% | Verified |
| 2022 | +128.8% ! | +128.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +64.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.3% | +17.8% | +13.5% | +128.8% | 2023 | -30.0% | 2025 |
| Assessment Ratio | 100.0% | 38.0% | — | 100.0% | 2025 | 5.1% | 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 |
$58,937 | $62,703 | ~$75,143 | $79,138 | 2022 | $38,120 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,218,164 | ~$3,167,896 | ~2.0139% | ~$63,799 | +11.7% |
| 2027 | ~$3,596,153 | ~$3,484,685 | ~1.9814% | ~$69,045 | +24.9% |
| 2028 | ~$4,018,539 | ~$3,833,154 | ~1.9488% | ~$74,702 | +39.5% |
| 2029 | ~$4,490,535 | ~$4,216,469 | ~1.9163% | ~$80,800 | +55.9% |
| 2030 | ~$5,017,971 | ~$4,638,116 | ~1.8837% | ~$87,370 | +74.2% |
| 2026 | ~$3,160,566 | ~$3,160,566 | ~2.0465% | ~$64,681 | +9.7% |
| 2027 | ~$3,468,578 | ~$3,468,578 | ~2.0465% | ~$70,984 | +20.4% |
| 2028 | ~$3,806,608 | ~$3,806,608 | ~2.0465% | ~$77,902 | +32.2% |
| 2029 | ~$4,177,581 | ~$4,177,581 | ~2.0465% | ~$85,494 | +45.1% |
| 2030 | ~$4,584,706 | ~$4,584,706 | ~2.0465% | ~$93,825 | +59.2% |
| 2026 | ~$3,275,762 | ~$3,167,896 | ~1.9977% | ~$63,284 | +13.7% |
| 2027 | ~$3,726,031 | ~$3,484,685 | ~1.9488% | ~$67,911 | +29.4% |
| 2028 | ~$4,238,193 | ~$3,833,154 | ~1.9000% | ~$72,831 | +47.2% |
| 2029 | ~$4,820,753 | ~$4,216,469 | ~1.8512% | ~$78,055 | +67.4% |
| 2030 | ~$5,483,389 | ~$4,638,116 | ~1.8024% | ~$83,596 | +90.4% |
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.