829 PARK PLAZA TX 78753
| Owner | GRAMERCY PACIFIC LLC & |
|---|---|
| Parcel ID | 0236190140 |
| Short ID | 239727 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 40,157 SF |
| Land SF | 131,453 SF |
| Acres | 3.018 |
| Year Built | 1982 |
| Legal | LOT 1-3 COURTLANDT PLACE III-A |
| Neighborhood | 08NE |
| Land | $946,462 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $946,462 |
| Improvement | $5,383,538 |
|---|---|
| Total Improvement | $5,383,538 |
| Market | $6,330,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,330,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,330,000 |
| Taxable Value | $6,330,000 |
|---|
Appreciation: Market value has risen +18.3% from $5,350,000 (2021) to $6,330,000 (2025), a CAGR of 4.3% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $129,543. 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 15% of market value ($946,462 land vs $5,383,538 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~44 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,330,000, 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 +4.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,811,171 by 2030, with an estimated annual tax burden around $147,142. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 63,930 SF | ✗ |
| 2ND | 2nd Floor | 20,370 SF | ✓ |
| 1ST | 1st Floor | 19,787 SF | ✓ |
| 551 | PAVED AREA | 18,000 SF | ✗ |
| 591 | MASONRY TRIM SF | 2,305 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 2,113 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 694 SF | ✗ |
| 601 | POOL COMM'L | 544 SF | ✗ |
| 511 | DECK | 313 SF | ✗ |
| 581C | STORAGE ATT COMM | 240 SF | ✓ |
| 611 | TERRACE | 198 SF | ✗ |
| MISC | Miscellaneous | 4 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 521 | FIREPLACE | 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% | $58,565.16 | $58,565.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $33,170.28 | $33,170.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $23,790.99 | $23,790.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,470.86 | $7,470.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,545.22 | $6,545.22 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $129,542.51 | $129,542.51 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,880,000 | $6,330,000 | -22.9% |
| Assessed Value | $4,880,000 | $6,330,000 | -22.9% |
| Land Value | $946,462 | $946,462 | +0.0% |
| Improvement Value | $3,933,538 | $5,383,538 | -26.9% |
| Taxable Value | $4,880,000 | $6,330,000 | -22.9% |
| Total Tax 2026 = estimate |
~$99,868
Estimated
|
~$129,543
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,880,000 | $4,880,000 | +0 (+0.0%) |
| Taxable Value | $4,880,000 | $4,880,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,880,000 | $946,462 | $3,933,538 | — | $4,880,000 | $4,880,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,330,000 | $946,462 | $5,383,538 | — | $6,330,000 | $6,330,000 | ~$129,543 | Partial |
| 2024 | $6,785,000 | — | — | −$5,838,538 | $946,462 | $— | $139,031 | Verified |
| 2023 | $6,400,000 | — | — | −$5,453,538 | $946,462 | $— | $123,224 | Verified |
| 2022 | $5,400,000 | — | — | −$4,453,538 | $946,462 | $— | $126,395 | Verified |
| 2021 | $5,350,000 | — | — | −$4,561,281 | $788,719 | $— | $117,792 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -22.9% | -22.9% | ~100% | Not available | Partial |
| 2025 | -13.3% | -13.3% | ~100% | Not available | Partial |
| 2024 | -1.9% | -1.9% | ~100% | 1.9000% | Verified |
| 2023 | +16.3% | +16.3% | ~100% | 1.6600% | Verified |
| 2022 | +13.5% | +13.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -22.9% | -0.8% | +10.5% | +18.5% | 2023 | -22.9% | 2026 |
| Assessment Ratio | 100.0% | 43.5% | — | 100.0% | 2025 | 13.9% | 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 |
$129,543 | $127,197 | ~$139,999 | $139,031 | 2024 | $117,792 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,601,858 | ~$6,601,858 | ~2.0139% | ~$132,957 | +4.3% |
| 2027 | ~$6,885,392 | ~$6,885,392 | ~1.9814% | ~$136,426 | +8.8% |
| 2028 | ~$7,181,103 | ~$7,181,103 | ~1.9488% | ~$139,948 | +13.4% |
| 2029 | ~$7,489,514 | ~$7,489,514 | ~1.9163% | ~$143,521 | +18.3% |
| 2030 | ~$7,811,171 | ~$7,811,171 | ~1.8837% | ~$147,142 | +23.4% |
| 2026 | ~$6,475,258 | ~$6,475,258 | ~2.0465% | ~$132,515 | +2.3% |
| 2027 | ~$6,623,850 | ~$6,623,850 | ~2.0465% | ~$135,556 | +4.6% |
| 2028 | ~$6,775,851 | ~$6,775,851 | ~2.0465% | ~$138,667 | +7.0% |
| 2029 | ~$6,931,340 | ~$6,931,340 | ~2.0465% | ~$141,849 | +9.5% |
| 2030 | ~$7,090,398 | ~$7,090,398 | ~2.0465% | ~$145,104 | +12.0% |
| 2026 | ~$6,728,458 | ~$6,728,458 | ~1.9977% | ~$134,412 | +6.3% |
| 2027 | ~$7,151,998 | ~$7,151,998 | ~1.9488% | ~$139,381 | +13.0% |
| 2028 | ~$7,602,199 | ~$7,602,199 | ~1.9000% | ~$144,443 | +20.1% |
| 2029 | ~$8,080,739 | ~$8,080,739 | ~1.8512% | ~$149,590 | +27.7% |
| 2030 | ~$8,589,402 | ~$8,589,402 | ~1.8024% | ~$154,813 | +35.7% |
In 2025, this property's market value of $6,330,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 12× 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 | $6,330,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $6,785,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $6,400,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $5,400,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $5,350,000 | $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.