119 E 6 ST TX 78701
| Owner | GTT PARKING LP |
|---|---|
| Parcel ID | 0206030618 |
| Short ID | 758727 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | 166,132 SF |
| Land SF | 31,281 SF |
| Acres | 0.718 |
| Year Built | 1979 |
| Legal | LOT 7-10 BLOCK 056 ORIGINAL CITY PLUS VAC VALLEY |
| Neighborhood | 87004 |
| Land | $20,332,553 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $20,332,553 |
| Improvement | $4,054,830 |
|---|---|
| Total Improvement | $4,054,830 |
| Market | $24,387,383 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $24,387,383 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $24,387,383 |
| Taxable Value | $24,387,383 |
|---|
Appreciation: Market value has risen +4.7% from $23,300,000 (2021) to $24,387,383 (2025), a CAGR of 1.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $499,084. Austin ISD is the largest single contributor, at 43.3% 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 83% of market value ($20,332,553 land vs $4,054,830 improvements), about $650/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 $24,387,383, 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 +16.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $102,977,495 by 2031, with an estimated annual tax burden around $1,486,052. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 149,343 SF | ✓ |
| SO | Sketch Only | 97,407 SF | ✗ |
| 491 | SPRINKLER HEADS | 57,125 SF | ✗ |
| ADDL | Additional Floor | 19,744 SF | ✓ |
| FBSMT | Finished Basement | 6,388 SF | ✓ |
| 2ND | 2nd Floor | 6,145 SF | ✓ |
| 3RD | 3rd Floor | 4,256 SF | ✓ |
| 501 | CANOPY | 1,237 SF | ✗ |
| 276 | ELEVATOR COM PAS | 2 SF | ✓ |
| 579 | STORAGE DET FV | 2 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 305 | BALCONY FV | 1 SF | ✓ |
| 509 | CANOPY FV | 1 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% | $215,571.60 | $215,571.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $122,095.96 | $122,095.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $87,571.89 | $87,571.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $27,499.36 | $27,499.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $24,092.20 | $24,092.20 | Paid |
| P2U | — | — | — | — | — | — | $21,090.00 | $21,090.00 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $498,421.01 | $498,421.01 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $215,571.60 | 43.3% |
| CAT City of Austin | 0.5240% | $122,095.96 | 24.5% |
| TCO Travis County | 0.3758% | $87,571.89 | 17.6% |
| THD Travis Central Health | 0.1180% | $27,499.36 | 5.5% |
| ACT Austin Community College | 0.1034% | $24,092.20 | 4.8% |
| P2U | — | $21,090.00 | 4.2% |
| P3J | — | $500.00 | 0.1% |
| Total | 2.0465% 5 of 7 | $498,421.01 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $48,983,422 | $24,387,383 | +100.9% |
| Assessed Value | $48,983,422 | $24,387,383 | +100.9% |
| Land Value | $37,537,020 | $20,332,553 | +84.6% |
| Improvement Value | $11,446,402 | $4,054,830 | +182.3% |
| Taxable Value | $48,983,422 | $24,387,383 | +100.9% |
| Total Tax 2026 = estimate |
~$1,002,438
Estimated
|
~$498,421
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $48,983,422 | $37,537,020 | $11,446,402 | — | $48,983,422 | $48,983,422 | Not yet — post-cert | Preliminary |
| 2025 | $24,387,383 | $20,332,553 | $4,054,830 | — | $24,387,383 | $24,387,383 | ~$498,421 | Partial |
| 2024 | $23,300,000 | $20,332,553 | $2,967,447 | — | $23,300,000 | $23,300,000 | $483,353 | Verified |
| 2023 | $23,300,000 | $21,349,180 | $1,950,820 | — | $23,300,000 | $23,300,000 | $443,145 | Verified |
| 2022 | $23,300,000 | $21,349,180 | $1,950,820 | — | $23,300,000 | $23,300,000 | $483,457 | Verified |
| 2021 | $23,300,000 | $21,349,180 | $1,950,820 | — | $23,300,000 | $23,300,000 | $530,466 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +100.9% ! | +100.9% | ~100% | Not available | Partial |
| 2025 | +4.7% | +4.7% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +100.9% | +21.1% | +16.0% | +100.9% | 2026 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0400% | 2.0400% | — | 2.0400% | 2025 | 2.0400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$498,421 | $487,768 | ~$1,278,089 | $530,466 | 2021 | $443,145 | 2023 |
Market value changed by 101% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$56,831,322 | ~$53,881,764 | ~2.0139% | ~$1,085,145 | +16.0% |
| 2028 | ~$65,936,578 | ~$59,269,941 | ~1.9814% | ~$1,174,367 | +34.6% |
| 2029 | ~$76,500,635 | ~$65,196,935 | ~1.9488% | ~$1,270,584 | +56.2% |
| 2030 | ~$88,757,218 | ~$71,716,628 | ~1.9163% | ~$1,374,299 | +81.2% |
| 2031 | ~$102,977,495 | ~$78,888,291 | ~1.8837% | ~$1,486,052 | +110.2% |
| 2027 | ~$55,851,654 | ~$53,881,764 | ~2.0465% | ~$1,102,682 | +14.0% |
| 2028 | ~$63,682,918 | ~$59,269,941 | ~2.0465% | ~$1,212,950 | +30.0% |
| 2029 | ~$72,612,246 | ~$65,196,935 | ~2.0465% | ~$1,334,245 | +48.2% |
| 2030 | ~$82,793,604 | ~$71,716,628 | ~2.0465% | ~$1,467,670 | +69.0% |
| 2031 | ~$94,402,546 | ~$78,888,291 | ~2.0465% | ~$1,614,437 | +92.7% |
| 2027 | ~$57,810,991 | ~$53,881,764 | ~1.9977% | ~$1,076,376 | +18.0% |
| 2028 | ~$68,229,424 | ~$59,269,941 | ~1.9488% | ~$1,155,076 | +39.3% |
| 2029 | ~$80,525,420 | ~$65,196,935 | ~1.9000% | ~$1,238,753 | +64.4% |
| 2030 | ~$95,037,343 | ~$71,716,628 | ~1.8512% | ~$1,327,614 | +94.0% |
| 2031 | ~$112,164,540 | ~$78,888,291 | ~1.8024% | ~$1,421,860 | +129.0% |
In 2025, this property's market value of $24,387,383 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 47× 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 | $24,387,383 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $23,300,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $23,300,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $23,300,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $23,300,000 | $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 | — |