3903 PETERSON AVE TX 78756
| Owner | BARR PAUL T & ILENE TRUST |
|---|---|
| Parcel ID | 0221010136 |
| Short ID | 217488 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 8,616 SF |
| Land SF | 16,400 SF |
| Acres | 0.376 |
| Year Built | 1974 |
| Legal | LOT 4 BLK 3 PLEASANT GROVE ADDN |
| Neighborhood | 05WC3 |
| Land | $1,066,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,066,000 |
| Improvement | $1,264,000 |
|---|---|
| Total Improvement | $1,264,000 |
| Market | $2,330,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,330,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,330,000 |
| Taxable Value | $2,330,000 |
|---|
Appreciation: Market value has risen +22.6% from $1,900,000 (2021) to $2,330,000 (2025), a CAGR of 5.2% 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 $47,683. 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 46% of market value ($1,066,000 land vs $1,264,000 improvements), about $65/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,330,000, 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 +5.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,006,830 by 2030, with an estimated annual tax burden around $56,641. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 6,150 SF | ✗ |
| 1ST | 1st Floor | 4,308 SF | ✓ |
| 2ND | 2nd Floor | 4,308 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 681 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 681 SF | ✗ |
| 591 | MASONRY TRIM SF | 475 SF | ✗ |
| 501 | CANOPY | 280 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% | $21,557.16 | $21,557.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,209.60 | $12,209.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,757.19 | $8,757.19 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,749.94 | $2,749.94 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,409.22 | $2,409.22 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $47,683.11 | $47,683.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,330,000 | $2,330,000 | +0.0% |
| Assessed Value | $2,330,000 | $2,330,000 | +0.0% |
| Land Value | $1,066,000 | $1,066,000 | +0.0% |
| Improvement Value | $1,264,000 | $1,264,000 | +0.0% |
| Taxable Value | $2,330,000 | $2,330,000 | +0.0% |
| Total Tax 2026 = estimate |
~$47,683
Estimated
|
~$47,683
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,757,120 | $2,330,000 | -427,120 (-15.5%) |
| Taxable Value | $2,757,120 | $2,330,000 | -427,120 (-15.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,330,000 | $1,066,000 | $1,264,000 | — | $2,330,000 | $2,330,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,330,000 | $1,066,000 | $1,264,000 | — | $2,330,000 | $2,330,000 | ~$47,683 | Partial |
| 2024 | $2,283,240 | — | — | −$1,217,240 | $1,066,000 | $— | $48,528 | Verified |
| 2023 | $2,110,920 | — | — | −$1,044,920 | $1,066,000 | $— | $41,309 | Verified |
| 2022 | $1,841,670 | — | — | −$775,670 | $1,066,000 | $— | $41,689 | Verified |
| 2021 | $1,900,000 | — | — | −$834,000 | $1,066,000 | $— | $40,087 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.3% | +18.3% | ~100% | Not available | Partial |
| 2025 | -6.7% | -6.7% | ~100% | Not available | Partial |
| 2024 | +9.4% | +9.4% | ~100% | 1.9400% | Verified |
| 2023 | +8.2% | +8.2% | ~100% | 1.8100% | Verified |
| 2022 | +14.6% | +14.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +26.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +4.3% | +5.2% | +14.6% | 2023 | -3.1% | 2022 |
| Assessment Ratio | 100.0% | 68.5% | — | 100.0% | 2025 | 46.7% | 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 |
$47,683 | $43,859 | ~$52,963 | $48,528 | 2024 | $40,087 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,451,921 | ~$2,451,921 | ~2.0139% | ~$49,380 | +5.2% |
| 2027 | ~$2,580,222 | ~$2,580,222 | ~1.9814% | ~$51,124 | +10.7% |
| 2028 | ~$2,715,236 | ~$2,715,236 | ~1.9488% | ~$52,916 | +16.5% |
| 2029 | ~$2,857,316 | ~$2,857,316 | ~1.9163% | ~$54,754 | +22.6% |
| 2030 | ~$3,006,830 | ~$3,006,830 | ~1.8837% | ~$56,641 | +29.0% |
| 2026 | ~$2,405,321 | ~$2,405,321 | ~2.0465% | ~$49,225 | +3.2% |
| 2027 | ~$2,483,077 | ~$2,483,077 | ~2.0465% | ~$50,816 | +6.6% |
| 2028 | ~$2,563,347 | ~$2,563,347 | ~2.0465% | ~$52,459 | +10.0% |
| 2029 | ~$2,646,211 | ~$2,646,211 | ~2.0465% | ~$54,154 | +13.6% |
| 2030 | ~$2,731,755 | ~$2,731,755 | ~2.0465% | ~$55,905 | +17.2% |
| 2026 | ~$2,498,521 | ~$2,498,521 | ~1.9977% | ~$49,912 | +7.2% |
| 2027 | ~$2,679,231 | ~$2,679,231 | ~1.9488% | ~$52,214 | +15.0% |
| 2028 | ~$2,873,011 | ~$2,873,011 | ~1.9000% | ~$54,588 | +23.3% |
| 2029 | ~$3,080,806 | ~$3,080,806 | ~1.8512% | ~$57,032 | +32.2% |
| 2030 | ~$3,303,631 | ~$3,303,631 | ~1.8024% | ~$59,544 | +41.8% |
In 2025, this property's market value of $2,330,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× 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 | $2,330,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,283,240 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,110,920 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,841,670 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,900,000 | $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.