305 W 35 ST TX 78705
| Owner | CSC 305 FLATS REALTY LLC |
|---|---|
| Parcel ID | 0218040731 |
| Short ID | 212922 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 13,556 SF |
| Land SF | 21,024 SF |
| Acres | 0.483 |
| Year Built | 1972 |
| Legal | LOT 26-28 *LESS N5FT OF BLK 5 OLT 77 DIV D BUDDINGTON SUBD |
| Neighborhood | 06WC2 |
| Land | $2,102,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,102,400 |
| Improvement | $3,145,600 |
|---|---|
| Total Improvement | $3,145,600 |
| Market | $5,248,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,248,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$268,000 |
| Net Appraised (assessed) | $4,980,000 |
| Taxable Value | $4,980,000 |
|---|
Appreciation: Market value has risen +29.0% from $4,066,800 (2021) to $5,248,000 (2025), a CAGR of 6.6% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2024→2025), 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 $101,915. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($4,980,000) is $268,000 below market value, suggesting potential for an upward assessment in future years.
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 40% of market value ($2,102,400 land vs $3,145,600 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~54 yrs), and rent roll drive the underwriting.
Submarket Position: At $5,248,000, 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 +6.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,218,053 by 2030, with an estimated annual tax burden around $135,970. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 10,900 SF | ✗ |
| 1ST | 1st Floor | 6,778 SF | ✓ |
| 2ND | 2nd Floor | 6,778 SF | ✓ |
| SO | Sketch Only | 2,462 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,231 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,231 SF | ✗ |
| 611 | TERRACE | 390 SF | ✗ |
| 601 | POOL COMM'L | 384 SF | ✗ |
| 541 | FENCE COMM LF | 200 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% | $43,484.40 | $43,484.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $24,628.80 | $24,628.80 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17,664.72 | $17,664.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,547.08 | $5,547.08 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,859.80 | $4,859.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $96,184.80 | $96,184.80 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,408,000 | $5,248,000 | +3.0% |
| Assessed Value | $5,408,000 | $4,980,000 | +8.6% |
| Land Value | $2,102,400 | $2,102,400 | +0.0% |
| Improvement Value | $3,305,600 | $3,145,600 | +5.1% |
| Taxable Value | $5,408,000 | $4,980,000 | +8.6% |
| Total Tax 2026 = estimate |
~$110,674
Estimated
|
~$96,185
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,504,000 | $5,408,000 | -96,000 (-1.7%) |
| Taxable Value | $5,504,000 | $5,408,000 | -96,000 (-1.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,408,000 | $2,102,400 | $3,305,600 | — | $5,408,000 | $5,408,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,248,000 | $2,102,400 | $3,145,600 | −$268,000 | $4,980,000 | $4,980,000 | ~$96,185 | Partial |
| 2024 | $4,150,000 | — | — | −$2,047,600 | $2,102,400 | $— | $82,969 | Verified |
| 2023 | $3,987,000 | — | — | −$1,884,600 | $2,102,400 | $— | $75,084 | Verified |
| 2022 | $3,904,000 | — | — | −$2,327,200 | $1,576,800 | $— | $78,740 | Verified |
| 2021 | $4,066,800 | — | — | −$2,490,000 | $1,576,800 | $— | $80,751 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.9% | +10.5% | ~100% | Not available | Partial |
| 2025 | +7.9% | +2.4% | 94.9% | Not available | Partial |
| 2024 | +17.2% | +17.2% | ~100% | 1.7100% | Verified |
| 2023 | +4.1% | +4.1% | ~100% | 1.8100% | Verified |
| 2022 | +2.1% | +2.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +34.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.0% | +6.3% | +6.0% | +26.5% | 2025 | -4.0% | 2022 |
| Assessment Ratio | 100.0% | 62.9% | — | 100.0% | 2026 | 38.8% | 2021 |
| Effective Tax Rate (2025) | 1.8300% | 1.8300% | — | 1.8300% | 2025 | 1.8300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$96,185 | $82,746 | ~$123,605 | $96,185 | 2025 | $75,084 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,593,441 | ~$5,478,000 | ~2.0139% | ~$110,323 | +6.6% |
| 2027 | ~$5,961,621 | ~$5,961,621 | ~1.9814% | ~$118,123 | +13.6% |
| 2028 | ~$6,354,035 | ~$6,354,035 | ~1.9488% | ~$123,830 | +21.1% |
| 2029 | ~$6,772,279 | ~$6,772,279 | ~1.9163% | ~$129,777 | +29.0% |
| 2030 | ~$7,218,053 | ~$7,218,053 | ~1.8837% | ~$135,970 | +37.5% |
| 2026 | ~$5,488,481 | ~$5,478,000 | ~2.0465% | ~$112,106 | +4.6% |
| 2027 | ~$5,739,982 | ~$5,739,982 | ~2.0465% | ~$117,468 | +9.4% |
| 2028 | ~$6,003,008 | ~$6,003,008 | ~2.0465% | ~$122,851 | +14.4% |
| 2029 | ~$6,278,086 | ~$6,278,086 | ~2.0465% | ~$128,480 | +19.6% |
| 2030 | ~$6,565,769 | ~$6,565,769 | ~2.0465% | ~$134,367 | +25.1% |
| 2026 | ~$5,698,401 | ~$5,478,000 | ~1.9977% | ~$109,432 | +8.6% |
| 2027 | ~$6,187,457 | ~$6,025,800 | ~1.9488% | ~$117,433 | +17.9% |
| 2028 | ~$6,718,486 | ~$6,628,380 | ~1.9000% | ~$125,940 | +28.0% |
| 2029 | ~$7,295,089 | ~$7,291,218 | ~1.8512% | ~$134,975 | +39.0% |
| 2030 | ~$7,921,179 | ~$7,921,179 | ~1.8024% | ~$142,769 | +50.9% |
In 2025, this property's market value of $5,248,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 10× 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 | $5,248,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $4,150,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $3,987,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $3,904,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $4,066,800 | $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.