605 W 12 ST TX 78701
| Owner | THREADGILL PROPERTIES LLC |
|---|---|
| Parcel ID | 0208001705 |
| Short ID | 196700 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 1,894 SF |
| Land SF | 5,120 SF |
| Acres | 0.118 |
| Year Built | 1910 |
| Legal | W 46 FT OF N 80 FT OF LOT 6 *& E 9 FT OF LOT 7 BLOCK 131 ORIGINAL CITY |
| Neighborhood | 1CBD1 |
| Land | $870,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $870,400 |
| Improvement | $36,600 |
|---|---|
| Total Improvement | $36,600 |
| Market | $907,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $907,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $907,000 |
| Taxable Value | $907,000 |
|---|
Appreciation: Market value has risen +35.3% from $670,154 (2021) to $907,000 (2025), a CAGR of 7.9% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2023→2024), 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 $18,562. 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 96% of market value ($870,400 land vs $36,600 improvements), about $170/SF of land. With value concentrated in the land under a ~116-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 $907,000, 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 +9.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,589,226 by 2031, with an estimated annual tax burden around $29,937. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,302 SF | ✓ |
| 021 | PORCH CLOS 1ST F | 787 SF | ✓ |
| FBSMT | Finished Basement | 592 SF | ✓ |
| 022 | PORCH CLOS 2ND F | 333 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 90 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 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% | $8,391.56 | $8,391.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,752.83 | $4,752.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,408.91 | $3,408.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,070.47 | $1,070.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $937.84 | $937.84 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,561.61 | $18,561.61 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $8,391.56 | 45.2% |
| CAT City of Austin | 0.5240% | $4,752.83 | 25.6% |
| TCO Travis County | 0.3758% | $3,408.91 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,070.47 | 5.8% |
| ACT Austin Community College | 0.1034% | $937.84 | 5.1% |
| Total | 2.0465% | $18,561.61 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,032,001 | $907,000 | +13.8% |
| Assessed Value | $1,032,001 | $907,000 | +13.8% |
| Land Value | $1,024,000 | $870,400 | +17.6% |
| Improvement Value | $8,001 | $36,600 | -78.1% |
| Taxable Value | $1,032,001 | $907,000 | +13.8% |
| Total Tax 2026 = estimate |
~$21,120
Estimated
|
~$18,562
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,032,001 | $1,024,000 | $8,001 | — | $1,032,001 | $1,032,001 | Not yet — post-cert | Preliminary |
| 2025 | $907,000 | $870,400 | $36,600 | — | $907,000 | $907,000 | ~$18,562 | Partial |
| 2024 | $907,000 | $870,400 | $36,600 | −$53,460 | $853,540 | $853,540 | $16,916 | Verified |
| 2023 | $711,283 | $652,800 | $58,483 | — | $711,283 | $711,283 | $12,869 | Verified |
| 2022 | $699,154 | $652,800 | $46,354 | — | $699,154 | $699,154 | $13,808 | Verified |
| 2021 | $670,154 | $652,800 | $17,354 | — | $670,154 | $670,154 | $14,587 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.8% | +13.8% | ~100% | Not available | Partial |
| 2025 | +0.0% | +6.3% | ~100% | Not available | Partial |
| 2024 | +27.5% | +20.0% | 94.1% | No billing data | Verified |
| 2023 | +1.7% | +1.7% | ~100% | No billing data | Verified |
| 2022 | +4.3% | +4.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.8% | +9.5% | +9.0% | +27.5% | 2024 | +0.0% | 2025 |
| Assessment Ratio | 100.0% | 99.0% | — | 100.0% | 2021 | 94.1% | 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 |
$18,562 | $15,348 | ~$26,178 | $18,562 | 2025 | $12,869 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,125,074 | ~$1,125,074 | ~2.0139% | ~$22,658 | +9.0% |
| 2028 | ~$1,226,542 | ~$1,226,542 | ~1.9814% | ~$24,303 | +18.9% |
| 2029 | ~$1,337,160 | ~$1,337,160 | ~1.9488% | ~$26,059 | +29.6% |
| 2030 | ~$1,457,755 | ~$1,457,755 | ~1.9163% | ~$27,935 | +41.3% |
| 2031 | ~$1,589,226 | ~$1,589,226 | ~1.8837% | ~$29,937 | +54.0% |
| 2027 | ~$1,104,434 | ~$1,104,434 | ~2.0465% | ~$22,602 | +7.0% |
| 2028 | ~$1,181,952 | ~$1,181,952 | ~2.0465% | ~$24,188 | +14.5% |
| 2029 | ~$1,264,909 | ~$1,264,909 | ~2.0465% | ~$25,886 | +22.6% |
| 2030 | ~$1,353,690 | ~$1,353,690 | ~2.0465% | ~$27,703 | +31.2% |
| 2031 | ~$1,448,702 | ~$1,448,702 | ~2.0465% | ~$29,647 | +40.4% |
| 2027 | ~$1,145,714 | ~$1,135,201 | ~1.9977% | ~$22,677 | +11.0% |
| 2028 | ~$1,271,957 | ~$1,248,721 | ~1.9488% | ~$24,336 | +23.3% |
| 2029 | ~$1,412,111 | ~$1,373,593 | ~1.9000% | ~$26,098 | +36.8% |
| 2030 | ~$1,567,708 | ~$1,510,953 | ~1.8512% | ~$27,971 | +51.9% |
| 2031 | ~$1,740,449 | ~$1,662,048 | ~1.8024% | ~$29,956 | +68.6% |
In 2025, this property's market value of $907,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +75% 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 | $907,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $907,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $711,283 | $503,694 | $616,727 | $918,308 | ↑ Above median | +0.9% |
| 2022 | $699,154 | $506,269 | $614,560 | $904,074 | ↑ Above median | +39.0% |
| 2021 | $670,154 | $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 | — |