1506 PEASE RD TX 78703
| Owner | MILLER JEANNINE ARBON |
|---|---|
| Parcel ID | 0112020312 |
| Short ID | 112068 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,335 SF |
| Land SF | 9,529 SF |
| Acres | 0.219 |
| Year Built | 1979 |
| Legal | LOT 42 ENFIELD C |
| Neighborhood | Z320005 |
| Land | $864,663 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $864,663 |
| Improvement | $305,821 |
|---|---|
| Total Improvement | $305,821 |
| Market | $1,170,484 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,170,484 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,170,484 |
| Taxable Value | $1,170,484 |
|---|
Appreciation: Market value has risen +26.1% from $928,199 (2021) to $1,170,484 (2025), a CAGR of 6.0% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 +19.0%, 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 $23,954. 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 74% of market value ($864,663 land vs $305,821 improvements), about $91/SF of land. With value concentrated in the land under a ~47-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 $1,170,484, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). 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 +7.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,933,711 by 2031, with an estimated annual tax burden around $36,426. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,335 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,335 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 528 SF | ✓ |
| 612 | TERRACE UNCOVERD | 190 SF | ✗ |
| SO | Sketch Only | 190 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 44 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
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.
| 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% | $10,829.32 | $10,829.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,133.54 | $6,133.54 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,399.21 | $4,399.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,381.44 | $1,381.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,210.28 | $1,210.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,953.79 | $23,953.79 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $10,829.32 | 45.2% |
| CAT City of Austin | 0.5240% | $6,133.54 | 25.6% |
| TCO Travis County | 0.3758% | $4,399.21 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,381.44 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,210.28 | 5.1% |
| Total | 2.0465% | $23,953.79 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,339,727 | $1,170,484 | +14.5% |
| Assessed Value | $1,339,727 | $1,170,484 | +14.5% |
| Land Value | $941,105 | $864,663 | +8.8% |
| Improvement Value | $398,622 | $305,821 | +30.3% |
| Taxable Value | $1,339,727 | $1,170,484 | +14.5% |
| Total Tax 2026 = estimate |
~$27,417
Estimated
|
~$23,954
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,339,727 | $941,105 | $398,622 | — | $1,339,727 | $1,339,727 | Not yet — post-cert | Preliminary |
| 2025 | $1,170,484 | $864,663 | $305,821 | — | $1,170,484 | $1,170,484 | ~$23,954 | Partial |
| 2024 | $1,170,484 | $825,000 | $345,484 | — | $1,170,484 | $1,170,484 | $23,197 | Verified |
| 2023 | $1,300,781 | $1,100,000 | $200,781 | — | $1,300,781 | $1,300,781 | $23,534 | Verified |
| 2022 | $1,500,000 | $1,100,000 | $400,000 | — | $1,500,000 | $1,500,000 | $26,810 | Verified |
| 2021 | $928,199 | $660,000 | $268,199 | — | $928,199 | $928,199 | $20,204 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.5% | +14.5% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -10.0% | -10.0% | ~100% | No billing data | Verified |
| 2023 | -13.3% | -13.3% | ~100% | No billing data | Verified |
| 2022 | +61.6% | +61.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +26.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +14.5% | +10.6% | +7.6% | +61.6% | 2022 | -13.3% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 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 |
$23,954 | $23,540 | ~$32,635 | $26,810 | 2022 | $20,204 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,441,755 | ~$1,441,755 | ~2.0139% | ~$29,036 | +7.6% |
| 2028 | ~$1,551,552 | ~$1,551,552 | ~1.9814% | ~$30,742 | +15.8% |
| 2029 | ~$1,669,711 | ~$1,669,711 | ~1.9488% | ~$32,540 | +24.6% |
| 2030 | ~$1,796,869 | ~$1,796,869 | ~1.9163% | ~$34,433 | +34.1% |
| 2031 | ~$1,933,711 | ~$1,933,711 | ~1.8837% | ~$36,426 | +44.3% |
| 2027 | ~$1,414,960 | ~$1,414,960 | ~2.0465% | ~$28,957 | +5.6% |
| 2028 | ~$1,494,418 | ~$1,494,418 | ~2.0465% | ~$30,583 | +11.5% |
| 2029 | ~$1,578,338 | ~$1,578,338 | ~2.0465% | ~$32,300 | +17.8% |
| 2030 | ~$1,666,970 | ~$1,666,970 | ~2.0465% | ~$34,114 | +24.4% |
| 2031 | ~$1,760,580 | ~$1,760,580 | ~2.0465% | ~$36,030 | +31.4% |
| 2027 | ~$1,468,549 | ~$1,468,549 | ~1.9977% | ~$29,337 | +9.6% |
| 2028 | ~$1,609,758 | ~$1,609,758 | ~1.9488% | ~$31,372 | +20.2% |
| 2029 | ~$1,764,545 | ~$1,764,545 | ~1.9000% | ~$33,527 | +31.7% |
| 2030 | ~$1,934,216 | ~$1,934,216 | ~1.8512% | ~$35,806 | +44.4% |
| 2031 | ~$2,120,202 | ~$2,120,202 | ~1.8024% | ~$38,214 | +58.3% |
In 2025, this property's market value of $1,170,484 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +125% above the county median of $519,086. 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 | $1,170,484 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,170,484 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,300,781 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,500,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $928,199 | $353,349 | $436,046 | $657,886 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |