1213 PARKWAY A TX 78703
| Owner | 1213 PARKWAY LLC |
|---|---|
| Parcel ID | 0210000205 |
| Short ID | 199594 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,484 SF |
| Land SF | 10,560 SF |
| Acres | 0.242 |
| Year Built | 1950 |
| Legal | 10560 SQFT OF OLT 6 DIV Z RESERVE ENFIELD A |
| Neighborhood | Z3005 |
| Land | $728,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $728,400 |
| Improvement | $260,932 |
|---|---|
| Total Improvement | $260,932 |
| Market | $989,332 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $989,332 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $989,332 |
| Taxable Value | $989,332 |
|---|
Appreciation: Market value has risen +31.9% from $750,000 (2021) to $989,332 (2025), a CAGR of 7.2% over 4 years. This represents moderate, steady growth. 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 $20,247. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 74% of market value ($728,400 land vs $260,932 improvements), about $69/SF of land. With value concentrated in the land under a ~76-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 $989,332, 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 +7.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,398,598 by 2030, with an estimated annual tax burden around $26,346. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,484 SF | ✗ |
| 1ST | 1st Floor | 1,620 SF | ✓ |
| 1/2 | Half Floor | 864 SF | ✓ |
| 512 | DECK UNCOVRED | 448 SF | ✗ |
| 252 | BEDROOMS | 4 SF | ✓ |
| 251 | BATHROOM | 4 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% | $9,153.30 | $9,153.30 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,184.27 | $5,184.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,718.35 | $3,718.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,167.64 | $1,167.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,022.97 | $1,022.97 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,246.53 | $20,246.53 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $807,311 | $989,332 | -18.4% |
| Assessed Value | $807,311 | $989,332 | -18.4% |
| Land Value | $807,310 | $728,400 | +10.8% |
| Improvement Value | $1 | $260,932 | -100.0% |
| Taxable Value | $807,311 | $989,332 | -18.4% |
| Total Tax 2026 = estimate |
~$16,522
Estimated
|
~$20,247
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $947,068 | $807,311 | -139,757 (-14.8%) |
| Taxable Value | $947,068 | $807,311 | -139,757 (-14.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $807,311 | $807,310 | $1 | — | $807,311 | $807,311 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $989,332 | $728,400 | $260,932 | — | $989,332 | $989,332 | ~$20,247 | Partial |
| 2024 | $1,076,200 | — | — | −$356,200 | $720,000 | $— | $20,670 | Verified |
| 2023 | $942,731 | — | — | −$222,731 | $720,000 | $— | $19,471 | Verified |
| 2022 | $754,700 | — | — | −$124,700 | $630,000 | $— | $18,618 | Verified |
| 2021 | $750,000 | — | — | −$330,000 | $420,000 | $— | $16,427 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.3% | -4.3% | ~100% | Not available | Partial |
| 2025 | -5.1% | -5.1% | ~100% | Not available | Partial |
| 2024 | -3.1% | -3.1% | ~100% | 1.9800% | Verified |
| 2023 | +14.2% | +14.2% | ~100% | 1.8100% | Verified |
| 2022 | +24.9% | +24.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -18.4% | +2.6% | +12.0% | +24.9% | 2023 | -18.4% | 2026 |
| Assessment Ratio | 100.0% | 80.5% | — | 100.0% | 2025 | 56.0% | 2021 |
| 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 |
$20,247 | $19,087 | ~$23,791 | $20,670 | 2024 | $16,427 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,060,260 | ~$1,060,260 | ~2.0139% | ~$21,353 | +7.2% |
| 2027 | ~$1,136,272 | ~$1,136,272 | ~1.9814% | ~$22,514 | +14.9% |
| 2028 | ~$1,217,735 | ~$1,217,735 | ~1.9488% | ~$23,732 | +23.1% |
| 2029 | ~$1,305,037 | ~$1,305,037 | ~1.9163% | ~$25,008 | +31.9% |
| 2030 | ~$1,398,598 | ~$1,398,598 | ~1.8837% | ~$26,346 | +41.4% |
| 2026 | ~$1,040,473 | ~$1,040,473 | ~2.0465% | ~$21,293 | +5.2% |
| 2027 | ~$1,094,258 | ~$1,094,258 | ~2.0465% | ~$22,394 | +10.6% |
| 2028 | ~$1,150,823 | ~$1,150,823 | ~2.0465% | ~$23,551 | +16.3% |
| 2029 | ~$1,210,312 | ~$1,210,312 | ~2.0465% | ~$24,769 | +22.3% |
| 2030 | ~$1,272,876 | ~$1,272,876 | ~2.0465% | ~$26,049 | +28.7% |
| 2026 | ~$1,080,046 | ~$1,080,046 | ~1.9977% | ~$21,576 | +9.2% |
| 2027 | ~$1,179,079 | ~$1,179,079 | ~1.9488% | ~$22,978 | +19.2% |
| 2028 | ~$1,287,191 | ~$1,287,191 | ~1.9000% | ~$24,457 | +30.1% |
| 2029 | ~$1,405,217 | ~$1,405,217 | ~1.8512% | ~$26,013 | +42.0% |
| 2030 | ~$1,534,065 | ~$1,534,065 | ~1.8024% | ~$27,650 | +55.1% |
In 2025, this property's market value of $989,332 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +90% above 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 | $989,332 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,076,200 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $942,731 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $754,700 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $750,000 | $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.