E M L KING JR BLVD 78702
| Owner | TRES MAGNOLIAS INVESTMENTS LLC |
|---|---|
| Parcel ID | 0209096203 |
| Short ID | 924629 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 442 SF |
| Land SF | 755 SF |
| Acres | 0.017 |
| Year Built | 2019 |
| Legal | UNT 102 SOL-MLK CONDOMINIUMS PLUS 3.039 % INT IN COM AREA |
| Neighborhood | ES4C |
| Land | $75,496 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $75,496 |
| Improvement | $198,345 |
|---|---|
| Total Improvement | $198,345 |
| Market | $273,841 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $273,841 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $273,841 |
| Taxable Value | $273,841 |
|---|
Appreciation: Market value has risen +96.4% from $139,421 (2021) to $273,841 (2025), a CAGR of 18.4% 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.
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 $5,604. 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 28% of market value ($75,496 land vs $198,345 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +18.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $636,739 by 2030, with an estimated annual tax burden around $8,308. 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 | 442 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $2,533.58 | $2,533.58 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,434.97 | $1,434.97 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,029.22 | $1,029.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $323.20 | $323.20 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $283.15 | $283.15 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $5,604.12 | $5,604.12 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $273,841 | $273,841 | +0.0% |
| Assessed Value | $273,841 | $273,841 | +0.0% |
| Land Value | $75,496 | $75,496 | +0.0% |
| Improvement Value | $198,345 | $198,345 | +0.0% |
| Taxable Value | $273,841 | $273,841 | +0.0% |
| Total Tax 2026 = estimate |
~$5,604
Estimated
|
~$5,604
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $276,556 | $273,841 | -2,715 (-1.0%) |
| Taxable Value | $276,556 | $273,841 | -2,715 (-1.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $273,841 | $75,496 | $198,345 | — | $273,841 | $273,841 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $273,841 | $75,496 | $198,345 | — | $273,841 | $273,841 | ~$5,604 | Partial |
| 2024 | $286,715 | — | — | −$211,219 | $75,496 | $— | $5,351 | Verified |
| 2023 | $249,000 | — | — | −$248,472 | $528 | $— | $5,187 | Verified |
| 2022 | $189,614 | — | — | −$189,086 | $528 | $— | $4,918 | Verified |
| 2021 | $139,421 | — | — | −$138,893 | $528 | $— | $4,127 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.0% | +1.0% | ~100% | Not available | Partial |
| 2025 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2024 | -5.8% | -5.8% | ~100% | 1.9800% | Verified |
| 2023 | -0.9% | -0.9% | ~100% | 1.8100% | Verified |
| 2022 | +52.6% | +52.6% | ~100% | 1.7000% | Verified |
| 2021 | base year | — | ~100% | 2.9600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +44.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +15.6% | +18.4% | +36.0% | 2022 | -4.5% | 2025 |
| Assessment Ratio | 100.0% | 37.9% | — | 100.0% | 2025 | 0.2% | 2023 |
| 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 |
$5,604 | $5,037 | ~$7,145 | $5,604 | 2025 | $4,127 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$324,184 | ~$301,225 | ~2.0139% | ~$6,066 | +18.4% |
| 2027 | ~$383,781 | ~$331,348 | ~1.9814% | ~$6,565 | +40.1% |
| 2028 | ~$454,335 | ~$364,482 | ~1.9488% | ~$7,103 | +65.9% |
| 2029 | ~$537,859 | ~$400,931 | ~1.9163% | ~$7,683 | +96.4% |
| 2030 | ~$636,739 | ~$441,024 | ~1.8837% | ~$8,308 | +132.5% |
| 2026 | ~$318,707 | ~$301,225 | ~2.0465% | ~$6,165 | +16.4% |
| 2027 | ~$370,923 | ~$331,348 | ~2.0465% | ~$6,781 | +35.5% |
| 2028 | ~$431,695 | ~$364,482 | ~2.0465% | ~$7,459 | +57.6% |
| 2029 | ~$502,423 | ~$400,931 | ~2.0465% | ~$8,205 | +83.5% |
| 2030 | ~$584,740 | ~$441,024 | ~2.0465% | ~$9,025 | +113.5% |
| 2026 | ~$329,660 | ~$301,225 | ~1.9977% | ~$6,017 | +20.4% |
| 2027 | ~$396,858 | ~$331,348 | ~1.9488% | ~$6,457 | +44.9% |
| 2028 | ~$477,753 | ~$364,482 | ~1.9000% | ~$6,925 | +74.5% |
| 2029 | ~$575,138 | ~$400,931 | ~1.8512% | ~$7,422 | +110.0% |
| 2030 | ~$692,373 | ~$441,024 | ~1.8024% | ~$7,949 | +152.8% |
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.