1518 PARKWAY TX 78703
| Owner | B & C AUSTIN PROPERTIES INC |
|---|---|
| Parcel ID | 0210000103 |
| Short ID | 199584 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 5,536 SF |
| Land SF | 12,091 SF |
| Acres | 0.278 |
| Year Built | 1948 |
| Legal | E 119' AV OF LOT 32 *&ADJ TRI AT NE COR OF LOT 31 OLT 6-8 DIV Z ENFIELD A |
| Neighborhood | 05CEN |
| Land | $1,088,190 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,088,190 |
| Improvement | $111,810 |
|---|---|
| Total Improvement | $111,810 |
| Market | $1,200,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,200,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,200,000 |
| Taxable Value | $1,200,000 |
|---|
Appreciation: Market value has risen +17.7% from $1,019,191 (2021) to $1,200,000 (2025), a CAGR of 4.2% over 4 years. This represents moderate, steady growth. 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 $24,558. 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 91% of market value ($1,088,190 land vs $111,810 improvements), about $90/SF of land. With value concentrated in the land under a ~78-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 $1,200,000, 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 +7.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,111,681 by 2031, with an estimated annual tax burden around $39,779. 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 | 2,768 SF | ✓ |
| 2ND | 2nd Floor | 2,768 SF | ✓ |
| 611 | TERRACE | 1,455 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 936 SF | ✗ |
| 071 | OBS HEAT WALL | 35 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% | $11,102.40 | $11,102.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,288.20 | $6,288.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,510.14 | $4,510.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,416.28 | $1,416.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,240.80 | $1,240.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,557.82 | $24,557.82 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $11,102.40 | 45.2% |
| CAT City of Austin | 0.5240% | $6,288.20 | 25.6% |
| TCO Travis County | 0.3758% | $4,510.14 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,416.28 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,240.80 | 5.1% |
| Total | 2.0465% | $24,557.82 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,467,040 | $1,200,000 | +22.3% |
| Assessed Value | $1,440,000 | $1,200,000 | +20.0% |
| Land Value | $761,733 | $1,088,190 | -30.0% |
| Improvement Value | $705,307 | $111,810 | +530.8% |
| Taxable Value | $1,440,000 | $1,200,000 | +20.0% |
| HS Cap Loss | -$27,040 | — | |
| Total Tax 2026 = estimate |
~$29,469
Estimated
|
~$24,558
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,467,040 | $761,733 | $705,307 | −$27,040 | $1,440,000 | $1,440,000 | Not yet — post-cert | Preliminary |
| 2025 | $1,200,000 | $1,088,190 | $111,810 | — | $1,200,000 | $1,200,000 | ~$24,558 | Partial |
| 2024 | $1,160,000 | $1,088,190 | $71,810 | — | $1,160,000 | $1,160,000 | $22,989 | Verified |
| 2023 | $1,218,874 | $1,088,190 | $130,684 | — | $1,218,874 | $1,218,874 | $22,052 | Verified |
| 2022 | $1,025,062 | $924,962 | $100,100 | — | $1,025,062 | $1,025,062 | $20,244 | Verified |
| 2021 | $1,019,191 | $924,962 | $94,229 | — | $1,019,191 | $1,019,191 | $22,185 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.3% | +20.0% | 98.2% | Not available | Partial |
| 2025 | +3.4% | +3.4% | ~100% | Not available | Partial |
| 2024 | -4.8% | -4.8% | ~100% | No billing data | Verified |
| 2023 | +18.9% | +18.9% | ~100% | No billing data | Verified |
| 2022 | +0.6% | +0.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +17.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +22.3% | +8.1% | +7.6% | +22.3% | 2026 | -4.8% | 2024 |
| Assessment Ratio | 98.2% | 99.7% | — | 100.0% | 2021 | 98.2% | 2026 |
| 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 |
$24,558 | $22,406 | ~$35,676 | $24,558 | 2025 | $20,244 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,577,899 | ~$1,577,899 | ~2.0139% | ~$31,778 | +7.6% |
| 2028 | ~$1,697,135 | ~$1,697,135 | ~1.9814% | ~$33,627 | +15.7% |
| 2029 | ~$1,825,382 | ~$1,825,382 | ~1.9488% | ~$35,574 | +24.4% |
| 2030 | ~$1,963,320 | ~$1,963,320 | ~1.9163% | ~$37,623 | +33.8% |
| 2031 | ~$2,111,681 | ~$2,111,681 | ~1.8837% | ~$39,779 | +43.9% |
| 2027 | ~$1,548,558 | ~$1,548,558 | ~2.0465% | ~$31,691 | +5.6% |
| 2028 | ~$1,634,606 | ~$1,634,606 | ~2.0465% | ~$33,452 | +11.4% |
| 2029 | ~$1,725,436 | ~$1,725,436 | ~2.0465% | ~$35,311 | +17.6% |
| 2030 | ~$1,821,312 | ~$1,821,312 | ~2.0465% | ~$37,273 | +24.1% |
| 2031 | ~$1,922,516 | ~$1,922,516 | ~2.0465% | ~$39,344 | +31.0% |
| 2027 | ~$1,607,240 | ~$1,584,000 | ~1.9977% | ~$31,643 | +9.6% |
| 2028 | ~$1,760,838 | ~$1,742,400 | ~1.9488% | ~$33,957 | +20.0% |
| 2029 | ~$1,929,115 | ~$1,916,640 | ~1.9000% | ~$36,416 | +31.5% |
| 2030 | ~$2,113,474 | ~$2,108,304 | ~1.8512% | ~$39,029 | +44.1% |
| 2031 | ~$2,315,452 | ~$2,315,452 | ~1.8024% | ~$41,733 | +57.8% |
In 2025, this property's market value of $1,200,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +131% 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 | $1,200,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,160,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,218,874 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,025,062 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,019,191 | $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 | — |