702 W 32 ST TX 78705
| Owner | ATKINSON SIMON D |
|---|---|
| Parcel ID | 0218031510 |
| Short ID | 212677 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 3,310 SF |
| Land SF | 9,022 SF |
| Acres | 0.207 |
| Year Built | 1906 |
| Legal | CEN 60FT OF LOT 1-2 BLK 2 OLT 75 DIV D SMYTH ADDN |
| Neighborhood | Z40005 |
| Land | $631,129 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $631,129 |
| Improvement | $356,025 |
|---|---|
| Total Improvement | $356,025 |
| Market | $987,154 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $987,154 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $987,154 |
| Taxable Value | $987,154 |
|---|
Appreciation: Market value has risen +79.0% from $551,480 (2021) to $987,154 (2025), a CAGR of 15.7% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $20,202. 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 64% of market value ($631,129 land vs $356,025 improvements), about $70/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $987,154, 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 +15.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,043,873 by 2030, with an estimated annual tax burden around $29,948. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,310 SF | ✗ |
| 1ST | 1st Floor | 1,347 SF | ✓ |
| 2ND | 2nd Floor | 1,146 SF | ✓ |
| 3RD | 3rd Floor | 817 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 110 SF | ✗ |
| 512 | DECK UNCOVRED | 60 SF | ✗ |
| 252 | BEDROOMS | 6 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
| 250 | HALF BATHROOM | 2 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% | $9,133.15 | $9,133.15 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,172.85 | $5,172.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,710.17 | $3,710.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,165.07 | $1,165.07 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,020.72 | $1,020.72 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,201.96 | $20,201.96 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $955,000 | $987,154 | -3.3% |
| Assessed Value | $955,000 | $987,154 | -3.3% |
| Land Value | $631,129 | $631,129 | +0.0% |
| Improvement Value | $323,871 | $356,025 | -9.0% |
| Taxable Value | $955,000 | $987,154 | -3.3% |
| Total Tax 2026 = estimate |
~$19,544
Estimated
|
~$20,202
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,178,401 | $955,000 | -223,401 (-19.0%) |
| Taxable Value | $1,178,401 | $955,000 | -223,401 (-19.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $955,000 | $631,129 | $323,871 | — | $955,000 | $955,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $987,154 | $631,129 | $356,025 | — | $987,154 | $987,154 | ~$20,202 | Partial |
| 2024 | $1,025,223 | — | — | −$365,223 | $660,000 | $— | $18,827 | Verified |
| 2023 | $1,081,025 | — | — | −$361,025 | $720,000 | $— | $18,549 | Verified |
| 2022 | $703,000 | — | — | — | $720,000 ! | $— | $21,349 | Verified |
| 2021 | $551,480 | — | — | −$83,480 | $468,000 | $— | $15,302 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +19.4% | +19.4% | ~100% | Not available | Partial |
| 2025 | +3.9% | +3.9% | ~100% | Not available | Partial |
| 2024 | -7.3% | -7.3% | ~100% | 1.9800% | Verified |
| 2023 | -5.2% | -5.2% | ~100% | 1.8100% | Verified |
| 2022 | +53.8% | +53.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.7700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +40.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.3% | +13.8% | +16.4% | +53.8% | 2023 | -5.2% | 2024 |
| Assessment Ratio | 100.0% | 86.4% | — | 102.4% | 2022 | 64.4% | 2024 |
| 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 |
$20,202 | $18,846 | ~$25,757 | $21,349 | 2022 | $15,302 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,141,823 | ~$1,085,869 | ~2.0139% | ~$21,869 | +15.7% |
| 2027 | ~$1,320,725 | ~$1,194,456 | ~1.9814% | ~$23,667 | +33.8% |
| 2028 | ~$1,527,658 | ~$1,313,902 | ~1.9488% | ~$25,606 | +54.8% |
| 2029 | ~$1,767,014 | ~$1,445,292 | ~1.9163% | ~$27,696 | +79.0% |
| 2030 | ~$2,043,873 | ~$1,589,821 | ~1.8837% | ~$29,948 | +107.0% |
| 2026 | ~$1,122,080 | ~$1,085,869 | ~2.0465% | ~$22,222 | +13.7% |
| 2027 | ~$1,275,447 | ~$1,194,456 | ~2.0465% | ~$24,444 | +29.2% |
| 2028 | ~$1,449,777 | ~$1,313,902 | ~2.0465% | ~$26,889 | +46.9% |
| 2029 | ~$1,647,935 | ~$1,445,292 | ~2.0465% | ~$29,578 | +66.9% |
| 2030 | ~$1,873,177 | ~$1,589,821 | ~2.0465% | ~$32,535 | +89.8% |
| 2026 | ~$1,161,566 | ~$1,085,869 | ~1.9977% | ~$21,692 | +17.7% |
| 2027 | ~$1,366,793 | ~$1,194,456 | ~1.9488% | ~$23,278 | +38.5% |
| 2028 | ~$1,608,280 | ~$1,313,902 | ~1.9000% | ~$24,964 | +62.9% |
| 2029 | ~$1,892,433 | ~$1,445,292 | ~1.8512% | ~$26,755 | +91.7% |
| 2030 | ~$2,226,791 | ~$1,589,821 | ~1.8024% | ~$28,654 | +125.6% |
In 2025, this property's market value of $987,154 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 | $987,154 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,025,223 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,081,025 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $703,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $551,480 | $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.