E M L KING JR BLVD 78702
| Owner | TRES MAGNOLIAS INVESTMENTS LLC |
|---|---|
| Parcel ID | 0209096204 |
| Short ID | 924630 |
| Type | Real |
| Use Code | 24 Commercial Space Condos |
| Valuation | Income |
| Improvement SF | 305 SF |
| Land SF | 776 SF |
| Acres | 0.018 |
| Year Built | 2019 |
| Legal | UNT 103 SOL-MLK CONDOMINIUMS PLUS 3.124 % INT IN COM AREA |
| Neighborhood | ES4C |
| Land | $77,607 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $77,607 |
| Improvement | $111,747 |
|---|---|
| Total Improvement | $111,747 |
| Market | $189,354 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $189,354 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $189,354 |
| Taxable Value | $189,354 |
|---|
Appreciation: Market value has risen +71.4% from $110,493 (2021) to $189,354 (2025), a CAGR of 14.4% 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 $3,875. 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 41% of market value ($77,607 land vs $111,747 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 +14.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $371,278 by 2030, with an estimated annual tax burden around $5,745. 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 | 305 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% | $1,751.90 | $1,751.90 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $992.25 | $992.25 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $711.68 | $711.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $223.48 | $223.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $195.79 | $195.79 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,875.10 | $3,875.10 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $191,232 | $189,354 | +1.0% |
| Assessed Value | $191,232 | $189,354 | +1.0% |
| Land Value | $77,607 | $77,607 | +0.0% |
| Improvement Value | $113,625 | $111,747 | +1.7% |
| Taxable Value | $191,232 | $189,354 | +1.0% |
| Total Tax 2026 = estimate |
~$3,914
Estimated
|
~$3,875
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $191,232 | $191,232 | +0 (+0.0%) |
| Taxable Value | $191,232 | $191,232 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $191,232 | $77,607 | $113,625 | — | $191,232 | $191,232 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $189,354 | $77,607 | $111,747 | — | $189,354 | $189,354 | ~$3,875 | Partial |
| 2024 | $198,016 | — | — | −$120,409 | $77,607 | $— | $3,700 | Verified |
| 2023 | $172,000 | — | — | −$171,457 | $543 | $— | $3,583 | Verified |
| 2022 | $130,984 | — | — | −$130,441 | $543 | $— | $3,397 | Verified |
| 2021 | $110,493 | — | — | −$109,950 | $543 | $— | $2,851 | 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 | -5.7% | -5.7% | ~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% | 2.5800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +44.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.0% | +12.3% | +14.2% | +31.3% | 2023 | -4.4% | 2025 |
| Assessment Ratio | 100.0% | 40.1% | — | 100.0% | 2025 | 0.3% | 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 |
$3,875 | $3,481 | ~$4,941 | $3,875 | 2025 | $2,851 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$216,650 | ~$208,289 | ~2.0139% | ~$4,195 | +14.4% |
| 2027 | ~$247,882 | ~$229,118 | ~1.9814% | ~$4,540 | +30.9% |
| 2028 | ~$283,615 | ~$252,030 | ~1.9488% | ~$4,912 | +49.8% |
| 2029 | ~$324,500 | ~$277,233 | ~1.9163% | ~$5,313 | +71.4% |
| 2030 | ~$371,278 | ~$304,957 | ~1.8837% | ~$5,745 | +96.1% |
| 2026 | ~$212,863 | ~$208,289 | ~2.0465% | ~$4,263 | +12.4% |
| 2027 | ~$239,291 | ~$229,118 | ~2.0465% | ~$4,689 | +26.4% |
| 2028 | ~$269,001 | ~$252,030 | ~2.0465% | ~$5,158 | +42.1% |
| 2029 | ~$302,398 | ~$277,233 | ~2.0465% | ~$5,674 | +59.7% |
| 2030 | ~$339,943 | ~$304,957 | ~2.0465% | ~$6,241 | +79.5% |
| 2026 | ~$220,437 | ~$208,289 | ~1.9977% | ~$4,161 | +16.4% |
| 2027 | ~$256,623 | ~$229,118 | ~1.9488% | ~$4,465 | +35.5% |
| 2028 | ~$298,749 | ~$252,030 | ~1.9000% | ~$4,789 | +57.8% |
| 2029 | ~$347,791 | ~$277,233 | ~1.8512% | ~$5,132 | +83.7% |
| 2030 | ~$404,882 | ~$304,957 | ~1.8024% | ~$5,496 | +113.8% |
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.