3218 HARRIS PARK AVE TX 78705
| Owner | WILEY MARITAL TRUST |
|---|---|
| Parcel ID | 0217061321 |
| Short ID | 211685 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,137 SF |
| Land SF | 6,442 SF |
| Acres | 0.148 |
| Year Built | 1969 |
| Legal | LOT 8 OLT 7 DIV C CARROLLS L W SUBD |
| Neighborhood | Z64005 |
| Land | $532,735 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $532,735 |
| Improvement | $98,715 |
|---|---|
| Total Improvement | $98,715 |
| Market | $631,450 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $631,450 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $631,450 |
| Taxable Value | $631,450 |
|---|
Appreciation: Market value has risen +16.0% from $544,222 (2021) to $631,450 (2025), a CAGR of 3.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $12,923. 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 84% of market value ($532,735 land vs $98,715 improvements), about $83/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 $631,450, this parcel sits in the upper-middle (50th–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 +3.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $760,401 by 2030, with an estimated annual tax burden around $14,324. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 1,657 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,225 SF | ✗ |
| 2ND | 2nd Floor | 480 SF | ✓ |
| 061 | CARPORT ATT 1ST | 368 SF | ✗ |
| 251 | BATHROOM | 4 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% | $5,842.18 | $5,842.18 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,308.91 | $3,308.91 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,373.27 | $2,373.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $745.26 | $745.26 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $652.92 | $652.92 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,922.54 | $12,922.54 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $731,062 | $631,450 | +15.8% |
| Assessed Value | $731,062 | $631,450 | +15.8% |
| Land Value | $515,235 | $532,735 | -3.3% |
| Improvement Value | $215,827 | $98,715 | +118.6% |
| Taxable Value | $731,062 | $631,450 | +15.8% |
| Total Tax 2026 = estimate |
~$14,961
Estimated
|
~$12,923
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $857,048 | $731,062 | -125,986 (-14.7%) |
| Taxable Value | $757,740 | $731,062 | -26,678 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $731,062 | $515,235 | $215,827 | — | $731,062 | $731,062 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $631,450 | $532,735 | $98,715 | — | $631,450 | $631,450 | ~$12,923 | Partial |
| 2024 | $579,538 | — | — | — | $750,000 ! | $— | $13,782 | Verified |
| 2023 | $649,488 | — | — | −$299,488 | $350,000 | $— | $10,485 | Verified |
| 2022 | $582,875 | — | — | −$232,875 | $350,000 | $— | $12,827 | Verified |
| 2021 | $544,222 | — | — | −$219,222 | $325,000 | $— | $12,687 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +35.7% | +20.0% | 88.4% | Not available | Partial |
| 2025 | -21.4% | -9.2% | ~100% | Not available | Partial |
| 2024 | +38.7% | +20.0% | 86.5% | 1.7200% | Verified |
| 2023 | -10.8% | -10.8% | ~100% | 1.8100% | Verified |
| 2022 | +11.4% | +11.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +15.8% | +6.5% | +1.0% | +15.8% | 2026 | -10.8% | 2024 |
| Assessment Ratio | 100.0% | 83.8% | — | 129.4% | 2024 | 53.9% | 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 |
$12,923 | $12,541 | ~$13,759 | $13,782 | 2024 | $10,485 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$655,360 | ~$655,360 | ~2.0139% | ~$13,199 | +3.8% |
| 2027 | ~$680,175 | ~$680,175 | ~1.9814% | ~$13,477 | +7.7% |
| 2028 | ~$705,929 | ~$705,929 | ~1.9488% | ~$13,757 | +11.8% |
| 2029 | ~$732,659 | ~$732,659 | ~1.9163% | ~$14,040 | +16.0% |
| 2030 | ~$760,401 | ~$760,401 | ~1.8837% | ~$14,324 | +20.4% |
| 2026 | ~$642,731 | ~$642,731 | ~2.0465% | ~$13,153 | +1.8% |
| 2027 | ~$654,213 | ~$654,213 | ~2.0465% | ~$13,388 | +3.6% |
| 2028 | ~$665,900 | ~$665,900 | ~2.0465% | ~$13,628 | +5.5% |
| 2029 | ~$677,796 | ~$677,796 | ~2.0465% | ~$13,871 | +7.3% |
| 2030 | ~$689,905 | ~$689,905 | ~2.0465% | ~$14,119 | +9.3% |
| 2026 | ~$667,989 | ~$667,989 | ~1.9977% | ~$13,344 | +5.8% |
| 2027 | ~$706,642 | ~$706,642 | ~1.9488% | ~$13,771 | +11.9% |
| 2028 | ~$747,531 | ~$747,531 | ~1.9000% | ~$14,203 | +18.4% |
| 2029 | ~$790,787 | ~$790,787 | ~1.8512% | ~$14,639 | +25.2% |
| 2030 | ~$836,545 | ~$836,545 | ~1.8024% | ~$15,078 | +32.5% |
In 2025, this property's market value of $631,450 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +21% 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 | $631,450 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $579,538 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $649,488 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $582,875 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $544,222 | $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.