2501 BOWMAN AVE TX 78703
| Owner | KINNEY REALESTATE LLC |
|---|---|
| Parcel ID | 0117041004 |
| Short ID | 116850 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,509 SF |
| Land SF | 9,440 SF |
| Acres | 0.217 |
| Year Built | 1940 |
| Legal | LOT 6 *& E 25 FT OF LOT 5 TARRY TOWN NO 6 |
| Neighborhood | XSMF1 |
| Land | $851,674 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $851,674 |
| Improvement | $212,019 |
|---|---|
| Total Improvement | $212,019 |
| Market | $1,063,693 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,063,693 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,063,693 |
| Taxable Value | $1,063,693 |
|---|
Appreciation: Market value has risen +3.3% from $1,030,200 (2021) to $1,063,693 (2025), a CAGR of 0.8% over 4 years. Growth has been relatively flat for this asset class. 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 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 $21,768. 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 80% of market value ($851,674 land vs $212,019 improvements), about $90/SF of land. With value concentrated in the land under a ~86-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 $1,063,693, 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 -3.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $747,417 by 2031, with an estimated annual tax burden around $14,079. 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 | 2,509 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,509 SF | ✗ |
| 512 | DECK UNCOVRED | 500 SF | ✗ |
| 612 | TERRACE UNCOVERD | 473 SF | ✗ |
| 031 | GARAGE DET 1ST F | 360 SF | ✓ |
| 581 | STORAGE ATT | 90 SF | ✓ |
| 251 | BATHROOM | 3 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% | $9,841.29 | $9,841.29 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,573.93 | $5,573.93 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,997.84 | $3,997.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,255.40 | $1,255.40 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,099.86 | $1,099.86 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,768.32 | $21,768.32 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $9,841.29 | 45.2% |
| CAT City of Austin | 0.5240% | $5,573.93 | 25.6% |
| TCO Travis County | 0.3758% | $3,997.84 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,255.40 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,099.86 | 5.1% |
| Total | 2.0465% | $21,768.32 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $877,490 | $1,063,693 | -17.5% |
| Assessed Value | $877,490 | $1,063,693 | -17.5% |
| Land Value | $851,674 | $851,674 | +0.0% |
| Improvement Value | $25,816 | $212,019 | -87.8% |
| Taxable Value | $877,490 | $1,063,693 | -17.5% |
| Total Tax 2026 = estimate |
~$17,958
Estimated
|
~$21,768
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $877,490 | $851,674 | $25,816 | — | $877,490 | $877,490 | Not yet — post-cert | Preliminary |
| 2025 | $1,063,693 | $851,674 | $212,019 | — | $1,063,693 | $1,063,693 | ~$21,768 | Partial |
| 2024 | $1,060,023 | $787,500 | $272,523 | — | $1,060,023 | $1,060,023 | $21,008 | Verified |
| 2023 | $1,594,116 | $1,437,500 | $156,616 | — | $1,594,116 | $1,594,116 | $28,842 | Verified |
| 2022 | $1,775,778 | $1,293,750 | $482,028 | — | $1,775,778 | $1,775,778 | $29,896 | Verified |
| 2021 | $1,030,200 | $575,000 | $455,200 | — | $1,030,200 | $1,030,200 | $22,424 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -17.5% | -17.5% | ~100% | Not available | Partial |
| 2025 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2024 | -33.5% | -33.5% | ~100% | No billing data | Verified |
| 2023 | -10.2% | -10.2% | ~100% | No billing data | Verified |
| 2022 | +72.4% | +72.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -17.5% | +2.3% | -3.2% | +72.4% | 2022 | -33.5% | 2024 |
| 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 |
$21,768 | $24,788 | ~$15,564 | $29,896 | 2022 | $21,008 | 2024 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$849,780 | ~$849,780 | ~2.0139% | ~$17,114 | -3.2% |
| 2028 | ~$822,944 | ~$822,944 | ~1.9814% | ~$16,306 | -6.2% |
| 2029 | ~$796,956 | ~$796,956 | ~1.9488% | ~$15,531 | -9.2% |
| 2030 | ~$771,789 | ~$771,789 | ~1.9163% | ~$14,790 | -12.0% |
| 2031 | ~$747,417 | ~$747,417 | ~1.8837% | ~$14,079 | -14.8% |
| 2027 | ~$833,616 | ~$833,616 | ~2.0465% | ~$17,060 | -5.0% |
| 2028 | ~$791,935 | ~$791,935 | ~2.0465% | ~$16,207 | -9.7% |
| 2029 | ~$752,338 | ~$752,338 | ~2.0465% | ~$15,396 | -14.3% |
| 2030 | ~$714,721 | ~$714,721 | ~2.0465% | ~$14,627 | -18.5% |
| 2031 | ~$678,985 | ~$678,985 | ~2.0465% | ~$13,895 | -22.6% |
| 2027 | ~$867,329 | ~$867,329 | ~1.9977% | ~$17,326 | -1.2% |
| 2028 | ~$857,286 | ~$857,286 | ~1.9488% | ~$16,707 | -2.3% |
| 2029 | ~$847,360 | ~$847,360 | ~1.9000% | ~$16,100 | -3.4% |
| 2030 | ~$837,548 | ~$837,548 | ~1.8512% | ~$15,505 | -4.6% |
| 2031 | ~$827,850 | ~$827,850 | ~1.8024% | ~$14,921 | -5.7% |
In 2025, this property's market value of $1,063,693 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +105% 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 | $1,063,693 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,060,023 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,594,116 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,775,778 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,030,200 | $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 | — |