206 E 15 ST TX 78701
| Owner | BERNHARD GARY C |
|---|---|
| Parcel ID | 0210041208 |
| Short ID | 200189 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,050 SF |
| Land SF | 7,552 SF |
| Acres | 0.173 |
| Year Built | 1920 |
| Legal | W 59' OF E138' OF S128' OLT 54 DIVISION E |
| Neighborhood | 1CBD1 |
| Land | $2,416,640 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,416,640 |
| Improvement | $102,169 |
|---|---|
| Total Improvement | $102,169 |
| Market | $2,518,809 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,518,809 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,518,809 |
| Taxable Value | $2,518,809 |
|---|
Appreciation: Market value has risen +177.6% from $907,240 (2021) to $2,518,809 (2025), a CAGR of 29.1% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $51,547. 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 ($2,416,640 land vs $102,169 improvements), about $320/SF of land. With value concentrated in the land under a ~106-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 $2,518,809, 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 +30.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $13,129,289 by 2031, with an estimated annual tax burden around $91,698. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 2,800 SF | ✗ |
| 2ND | 2nd Floor | 2,489 SF | ✓ |
| 1ST | 1st Floor | 1,561 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 640 SF | ✗ |
| UBSMT | Unfinished Basement | 473 SF | ✓ |
| 021 | PORCH CLOS 1ST F | 160 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 579 | STORAGE DET 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% | $23,304.02 | $23,304.02 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,198.99 | $13,198.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,466.82 | $9,466.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,972.77 | $2,972.77 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,604.45 | $2,604.45 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $51,547.05 | $51,547.05 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $23,304.02 | 45.2% |
| CAT City of Austin | 0.5240% | $13,198.99 | 25.6% |
| TCO Travis County | 0.3758% | $9,466.82 | 18.4% |
| THD Travis Central Health | 0.1180% | $2,972.77 | 5.8% |
| ACT Austin Community College | 0.1034% | $2,604.45 | 5.1% |
| Total | 2.0465% | $51,547.05 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,451,292 | $2,518,809 | +37.0% |
| Assessed Value | $3,022,571 | $2,518,809 | +20.0% |
| Land Value | $3,398,400 | $2,416,640 | +40.6% |
| Improvement Value | $52,892 | $102,169 | -48.2% |
| Taxable Value | $3,022,571 | $2,518,809 | +20.0% |
| HS Cap Loss | -$428,721 | — | |
| Total Tax 2026 = estimate |
~$61,856
Estimated
|
~$51,547
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,451,292 | $3,398,400 | $52,892 | −$428,721 | $3,022,571 | $3,022,571 | Not yet — post-cert | Preliminary |
| 2025 | $2,518,809 | $2,416,640 | $102,169 | — | $2,518,809 | $2,518,809 | ~$51,547 | Partial |
| 2024 | $2,517,648 | $2,416,640 | $101,008 | — | $2,517,648 | $2,517,648 | $49,895 | Verified |
| 2023 | $2,100,000 | $2,416,640 | — | — | $2,100,000 | $2,100,000 | $37,994 | Verified |
| 2022 | $1,766,507 | $2,416,640 | — | — | $1,766,507 | $1,766,507 | $31,763 | Verified |
| 2021 | $907,240 | $906,240 | $1,000 | — | $907,240 | $907,240 | $20,155 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +37.0% | +20.0% | 87.6% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +19.9% | +19.9% | ~100% | No billing data | Verified |
| 2023 | +18.9% | +18.9% | ~100% | No billing data | Verified |
| 2022 | +94.7% ! | +94.7% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +177.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +37.0% | +34.1% | +30.6% | +94.7% | 2022 | +0.0% | 2025 |
| Assessment Ratio | 87.6% | 97.9% | — | 100.0% | 2021 | 87.6% | 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 |
$51,547 | $38,271 | ~$78,866 | $51,547 | 2025 | $20,155 | 2021 |
Market value changed by 95% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$4,508,516 | ~$3,324,828 | ~2.0139% | ~$66,960 | +30.6% |
| 2028 | ~$5,889,596 | ~$3,657,311 | ~1.9814% | ~$72,466 | +70.6% |
| 2029 | ~$7,693,738 | ~$4,023,042 | ~1.9488% | ~$78,403 | +122.9% |
| 2030 | ~$10,050,538 | ~$4,425,346 | ~1.9163% | ~$84,803 | +191.2% |
| 2031 | ~$13,129,289 | ~$4,867,881 | ~1.8837% | ~$91,698 | +280.4% |
| 2027 | ~$4,439,490 | ~$3,324,828 | ~2.0465% | ~$68,042 | +28.6% |
| 2028 | ~$5,710,636 | ~$3,657,311 | ~2.0465% | ~$74,846 | +65.5% |
| 2029 | ~$7,345,745 | ~$4,023,042 | ~2.0465% | ~$82,331 | +112.8% |
| 2030 | ~$9,449,030 | ~$4,425,346 | ~2.0465% | ~$90,564 | +173.8% |
| 2031 | ~$12,154,543 | ~$4,867,881 | ~2.0465% | ~$99,620 | +252.2% |
| 2027 | ~$4,577,542 | ~$3,324,828 | ~1.9977% | ~$66,419 | +32.6% |
| 2028 | ~$6,071,317 | ~$3,657,311 | ~1.9488% | ~$71,275 | +75.9% |
| 2029 | ~$8,052,552 | ~$4,023,042 | ~1.9000% | ~$76,438 | +133.3% |
| 2030 | ~$10,680,317 | ~$4,425,346 | ~1.8512% | ~$81,922 | +209.5% |
| 2031 | ~$14,165,593 | ~$4,867,881 | ~1.8024% | ~$87,737 | +310.4% |
In 2025, this property's market value of $2,518,809 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 5× 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 | $2,518,809 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $2,517,648 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $2,100,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,766,507 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $907,240 | $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 | — |