3703 HARMON AVE TX 78705
| Owner | B3D INVESTMENTS LLC |
|---|---|
| Parcel ID | 0215080805 |
| Short ID | 209053 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 8,540 SF |
| Land SF | 13,489 SF |
| Acres | 0.310 |
| Year Built | 1969 |
| Legal | LOT B JOHNSONS L C RESUB OF A PT OFLOT 3 PLAINVIEW HEIGHTS |
| Neighborhood | 05WC2 |
| Land | $1,348,913 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,348,913 |
| Improvement | $285,145 |
|---|---|
| Total Improvement | $285,145 |
| Market | $1,634,058 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,634,058 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,634,058 |
| Taxable Value | $1,634,058 |
|---|
Appreciation: Market value has fallen -1.9% from $1,665,300 (2021) to $1,634,058 (2025), a CAGR of -0.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $33,441. 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 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 83% of market value ($1,348,913 land vs $285,145 improvements), about $100/SF of land. With value concentrated in the land under a ~57-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 $1,634,058, 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 -0.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,595,828 by 2030, with an estimated annual tax burden around $30,061. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 5,950 SF | ✗ |
| 1ST | 1st Floor | 4,408 SF | ✓ |
| 2ND | 2nd Floor | 4,132 SF | ✓ |
| 591 | MASONRY TRIM SF | 860 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 665 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 665 SF | ✗ |
| 581C | STORAGE ATT COMM | 216 SF | ✓ |
| SO | Sketch Only | 216 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 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% | $15,118.30 | $15,118.30 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,562.74 | $8,562.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,141.53 | $6,141.53 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,928.56 | $1,928.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,689.62 | $1,689.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,440.75 | $33,440.75 | Paid |
| 2026 Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | — | $1,634,058 | — |
| Assessed Value | — | $1,634,058 | — |
| Land Value | — | $1,348,913 | — |
| Improvement Value | — | $285,145 | — |
| Taxable Value | — | $1,634,058 | — |
| Total Tax | Pending certification |
~$33,441
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,634,058 | $1,348,913 | $285,145 | — | $1,634,058 | $1,634,058 | ~$33,441 | Partial |
| 2024 | $1,366,400 | — | — | −$17,487 | $1,348,913 | $— | $16,248 | Verified |
| 2023 | $1,229,000 | — | — | — | $1,348,913 ! | $— | $12,361 | Verified |
| 2022 | $1,229,000 | — | — | −$419,652 | $809,348 | $— | $21,555 | Verified |
| 2021 | $1,665,300 | — | — | −$855,952 | $809,348 | $— | $27,209 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2025 | -5.4% | -0.3% | ~100% | Not available | Partial |
| 2024 | +26.4% | +20.0% | 95.0% | 0.9400% | Verified |
| 2023 | +11.2% | +11.2% | ~100% | 0.9000% | Verified |
| 2022 | -26.2% | -26.2% | ~100% | 1.7500% | Verified |
| 2021 | base year | — | ~100% | 1.6300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -1.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +19.6% | +1.2% | -0.5% | +19.6% | 2025 | -26.2% | 2022 |
| Assessment Ratio | 100.0% | 84.6% | — | 109.8% | 2023 | 48.6% | 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 |
$33,441 | $22,163 | ~$31,402 | $33,441 | 2025 | $12,361 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,626,340 | ~$1,626,340 | ~2.0139% | ~$32,753 | -0.5% |
| 2027 | ~$1,618,657 | ~$1,618,657 | ~1.9814% | ~$32,072 | -0.9% |
| 2028 | ~$1,611,012 | ~$1,611,012 | ~1.9488% | ~$31,396 | -1.4% |
| 2029 | ~$1,603,402 | ~$1,603,402 | ~1.9163% | ~$30,726 | -1.9% |
| 2030 | ~$1,595,828 | ~$1,595,828 | ~1.8837% | ~$30,061 | -2.3% |
| 2026 | ~$1,593,658 | ~$1,593,658 | ~2.0465% | ~$32,614 | -2.5% |
| 2027 | ~$1,554,258 | ~$1,554,258 | ~2.0465% | ~$31,808 | -4.9% |
| 2028 | ~$1,515,831 | ~$1,515,831 | ~2.0465% | ~$31,021 | -7.2% |
| 2029 | ~$1,478,354 | ~$1,478,354 | ~2.0465% | ~$30,254 | -9.5% |
| 2030 | ~$1,441,804 | ~$1,441,804 | ~2.0465% | ~$29,506 | -11.8% |
| 2026 | ~$1,659,021 | ~$1,659,021 | ~1.9977% | ~$33,142 | +1.5% |
| 2027 | ~$1,684,365 | ~$1,684,365 | ~1.9488% | ~$32,826 | +3.1% |
| 2028 | ~$1,710,096 | ~$1,710,096 | ~1.9000% | ~$32,492 | +4.7% |
| 2029 | ~$1,736,220 | ~$1,736,220 | ~1.8512% | ~$32,141 | +6.3% |
| 2030 | ~$1,762,743 | ~$1,762,743 | ~1.8024% | ~$31,771 | +7.9% |
In 2025, this property's market value of $1,634,058 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 3× 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 | $1,634,058 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,366,400 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,229,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,229,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,665,300 | $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.