707 CARPENTER AVE TX 78753
| Owner | CARPENTER PROPERTIES LLC |
|---|---|
| Parcel ID | 0239160220 |
| Short ID | 243030 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 11,424 SF |
| Land SF | 19,433 SF |
| Acres | 0.446 |
| Year Built | 1972 |
| Legal | LOT 1 CHAPMAN DOYLE SUBD |
| Neighborhood | 06NO |
| Land | $388,660 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $388,660 |
| Improvement | $1,553,420 |
|---|---|
| Total Improvement | $1,553,420 |
| Market | $1,942,080 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,942,080 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,942,080 |
| Taxable Value | $1,942,080 |
|---|
Appreciation: Market value has risen +61.9% from $1,199,520 (2021) to $1,942,080 (2025), a CAGR of 12.8% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $39,744. 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 20% of market value ($388,660 land vs $1,553,420 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~54 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,942,080, 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 +12.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,546,840 by 2030, with an estimated annual tax burden around $58,919. 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 | 9,700 SF | ✗ |
| 1ST | 1st Floor | 5,712 SF | ✓ |
| 2ND | 2nd Floor | 5,712 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 840 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 784 SF | ✗ |
| 581C | STORAGE ATT COMM | 56 SF | ✓ |
| SO | Sketch Only | 56 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $17,968.12 | $17,968.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,176.83 | $10,176.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,299.21 | $7,299.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,292.10 | $2,292.10 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,008.11 | $2,008.11 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $39,744.37 | $39,744.37 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,827,840 | $1,942,080 | -5.9% |
| Assessed Value | $1,827,840 | $1,942,080 | -5.9% |
| Land Value | $388,660 | $388,660 | +0.0% |
| Improvement Value | $1,439,180 | $1,553,420 | -7.4% |
| Taxable Value | $1,827,840 | $1,942,080 | -5.9% |
| Total Tax 2026 = estimate |
~$37,406
Estimated
|
~$39,744
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,827,840 | $1,827,840 | +0 (+0.0%) |
| Taxable Value | $1,827,840 | $1,827,840 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,827,840 | $388,660 | $1,439,180 | — | $1,827,840 | $1,827,840 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,942,080 | $388,660 | $1,553,420 | — | $1,942,080 | $1,942,080 | ~$39,744 | Partial |
| 2024 | $1,670,000 | — | — | −$1,281,340 | $388,660 | $— | $34,354 | Verified |
| 2023 | $1,620,340 | — | — | −$1,231,680 | $388,660 | $— | $30,214 | Verified |
| 2022 | $1,542,240 | — | — | −$1,153,580 | $388,660 | $— | $32,000 | Verified |
| 2021 | $1,199,520 | — | — | −$810,860 | $388,660 | $— | $33,570 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.9% | -5.9% | ~100% | Not available | Partial |
| 2025 | +9.7% | +9.7% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9400% | Verified |
| 2023 | +9.3% | +9.3% | ~100% | 1.7100% | Verified |
| 2022 | +5.1% | +5.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.8000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.9% | +9.4% | +14.2% | +28.6% | 2022 | -5.9% | 2026 |
| Assessment Ratio | 100.0% | 50.8% | — | 100.0% | 2025 | 23.3% | 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 |
$39,744 | $33,976 | ~$50,673 | $39,744 | 2025 | $30,214 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,190,696 | ~$2,136,288 | ~2.0139% | ~$43,023 | +12.8% |
| 2027 | ~$2,471,138 | ~$2,349,917 | ~1.9814% | ~$46,561 | +27.2% |
| 2028 | ~$2,787,480 | ~$2,584,908 | ~1.9488% | ~$50,376 | +43.5% |
| 2029 | ~$3,144,320 | ~$2,843,399 | ~1.9163% | ~$54,488 | +61.9% |
| 2030 | ~$3,546,840 | ~$3,127,739 | ~1.8837% | ~$58,919 | +82.6% |
| 2026 | ~$2,151,854 | ~$2,136,288 | ~2.0465% | ~$43,719 | +10.8% |
| 2027 | ~$2,384,287 | ~$2,349,917 | ~2.0465% | ~$48,091 | +22.8% |
| 2028 | ~$2,641,826 | ~$2,584,908 | ~2.0465% | ~$52,900 | +36.0% |
| 2029 | ~$2,927,183 | ~$2,843,399 | ~2.0465% | ~$58,190 | +50.7% |
| 2030 | ~$3,243,362 | ~$3,127,739 | ~2.0465% | ~$64,009 | +67.0% |
| 2026 | ~$2,229,537 | ~$2,136,288 | ~1.9977% | ~$42,676 | +14.8% |
| 2027 | ~$2,559,542 | ~$2,349,917 | ~1.9488% | ~$45,796 | +31.8% |
| 2028 | ~$2,938,393 | ~$2,584,908 | ~1.9000% | ~$49,114 | +51.3% |
| 2029 | ~$3,373,320 | ~$2,843,399 | ~1.8512% | ~$52,637 | +73.7% |
| 2030 | ~$3,872,622 | ~$3,127,739 | ~1.8024% | ~$56,373 | +99.4% |
In 2025, this property's market value of $1,942,080 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 | $1,942,080 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,670,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,620,340 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,542,240 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,199,520 | $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.