703 BLACKSON AVE TX 78752
| Owner | TIMMERMANN PROPERTIES INC |
|---|---|
| Parcel ID | 0231140726 |
| Short ID | 232652 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,560 SF |
| Land SF | 7,651 SF |
| Acres | 0.176 |
| Year Built | 1971 |
| Legal | LOT 8 BLK 3 ST JOHNS HOME ADDN |
| Neighborhood | Y7005 |
| Land | $259,816 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $259,816 |
| Improvement | $5,267 |
|---|---|
| Total Improvement | $5,267 |
| Market | $265,083 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $265,083 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $265,083 |
| Taxable Value | $265,083 |
|---|
Appreciation: Market value has risen +7.6% from $246,280 (2021) to $265,083 (2025), a CAGR of 1.9% over 4 years. Growth has been relatively flat for this asset class. 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 $5,425. 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 98% of market value ($259,816 land vs $5,267 improvements), about $34/SF of land. With value concentrated in the land under a ~55-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 $265,083, this parcel sits in the bottom quartile (<25th 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 +1.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $290,618 by 2030, with an estimated annual tax burden around $5,474. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,560 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,560 SF | ✗ |
| 251 | 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% | $2,452.55 | $2,452.55 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,389.08 | $1,389.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $996.30 | $996.30 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $312.86 | $312.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $274.10 | $274.10 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $5,424.89 | $5,424.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $181,173 | $265,083 | -31.7% |
| Assessed Value | $181,173 | $265,083 | -31.7% |
| Land Value | $173,210 | $259,816 | -33.3% |
| Improvement Value | $7,963 | $5,267 | +51.2% |
| Taxable Value | $181,173 | $265,083 | -31.7% |
| Total Tax 2026 = estimate |
~$3,708
Estimated
|
~$5,425
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $210,226 | $181,173 | -29,053 (-13.8%) |
| Taxable Value | $210,226 | $181,173 | -29,053 (-13.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $181,173 | $173,210 | $7,963 | — | $181,173 | $181,173 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $265,083 | $259,816 | $5,267 | — | $265,083 | $265,083 | ~$5,425 | Partial |
| 2024 | $333,343 | — | — | −$93,343 | $240,000 | $— | $5,747 | Verified |
| 2023 | $349,117 | — | — | −$109,117 | $240,000 | $— | $6,031 | Verified |
| 2022 | $242,800 | — | — | −$2,800 | $240,000 | $— | $6,895 | Verified |
| 2021 | $246,280 | — | — | −$86,280 | $160,000 | $— | $5,285 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -20.7% | -20.7% | ~100% | Not available | Partial |
| 2025 | -8.6% | -8.6% | ~100% | Not available | Partial |
| 2024 | -13.0% | -13.0% | ~100% | 1.9800% | Verified |
| 2023 | -4.5% | -4.5% | ~100% | 1.8100% | Verified |
| 2022 | +37.1% | +37.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -31.7% | -2.9% | +11.3% | +43.8% | 2023 | -31.7% | 2026 |
| Assessment Ratio | 100.0% | 84.1% | — | 100.0% | 2025 | 65.0% | 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 |
$5,425 | $5,877 | ~$5,458 | $6,895 | 2022 | $5,285 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$270,004 | ~$270,004 | ~2.0139% | ~$5,438 | +1.9% |
| 2027 | ~$275,016 | ~$275,016 | ~1.9814% | ~$5,449 | +3.7% |
| 2028 | ~$280,121 | ~$280,121 | ~1.9488% | ~$5,459 | +5.7% |
| 2029 | ~$285,322 | ~$285,322 | ~1.9163% | ~$5,468 | +7.6% |
| 2030 | ~$290,618 | ~$290,618 | ~1.8837% | ~$5,474 | +9.6% |
| 2026 | ~$264,702 | ~$264,702 | ~2.0465% | ~$5,417 | -0.1% |
| 2027 | ~$264,322 | ~$264,322 | ~2.0465% | ~$5,409 | -0.3% |
| 2028 | ~$263,942 | ~$263,942 | ~2.0465% | ~$5,402 | -0.4% |
| 2029 | ~$263,563 | ~$263,563 | ~2.0465% | ~$5,394 | -0.6% |
| 2030 | ~$263,185 | ~$263,185 | ~2.0465% | ~$5,386 | -0.7% |
| 2026 | ~$275,306 | ~$275,306 | ~1.9977% | ~$5,500 | +3.9% |
| 2027 | ~$285,922 | ~$285,922 | ~1.9488% | ~$5,572 | +7.9% |
| 2028 | ~$296,949 | ~$296,949 | ~1.9000% | ~$5,642 | +12.0% |
| 2029 | ~$308,400 | ~$308,400 | ~1.8512% | ~$5,709 | +16.3% |
| 2030 | ~$320,293 | ~$320,293 | ~1.8024% | ~$5,773 | +20.8% |
In 2025, this property's market value of $265,083 places it in the bottom 25% for Multi-Family properties in Travis County (12584 comparable) — -49% below 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 | $265,083 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $333,343 | $467,458 | $564,615 | $848,565 | ↓ Bottom 25% | -6.3% |
| 2023 | $349,117 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $242,800 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $246,280 | $300,453 | $376,850 | $539,896 | ↓ Bottom 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.