2608 RIO GRANDE ST TX 78705
| Owner | 191570 LLC |
|---|---|
| Parcel ID | 0215020319 |
| Short ID | 208147 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 13,814 SF |
| Land SF | 15,377 SF |
| Acres | 0.353 |
| Year Built | 1984 |
| Legal | 0.353 AC OF LOT 2 OLT 60&64 DIV D GRAHAM SUBD |
| Neighborhood | 05WC |
| Land | $2,306,502 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,306,502 |
| Improvement | $1,883,498 |
|---|---|
| Total Improvement | $1,883,498 |
| Market | $4,190,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,190,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,190,000 |
| Taxable Value | $4,190,000 |
|---|
Appreciation: Market value has risen +16.0% from $3,612,114 (2021) to $4,190,000 (2025), a CAGR of 3.8% 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 $85,748. 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 55% of market value ($2,306,502 land vs $1,883,498 improvements), about $150/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $4,190,000, 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 +5.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $6,107,104 by 2031, with an estimated annual tax burden around $115,042. 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.
19 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 487 | PARKING UNDER | 6,727 SF | ✓ |
| 2ND | 2nd Floor | 5,993 SF | ✓ |
| 3RD | 3rd Floor | 5,993 SF | ✓ |
| 591 | MASONRY TRIM SF | 3,232 SF | ✗ |
| 1ST | 1st Floor | 1,828 SF | ✓ |
| 611 | TERRACE | 1,709 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,635 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 1,377 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 795 SF | ✗ |
| 581C | STORAGE ATT COMM | 225 SF | ✓ |
| 435 | FENCE IRON LF | 68 SF | ✗ |
| 511 | DECK | 35 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 449 | SPA | 1 SF | ✗ |
| 521 | FIREPLACE | 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% | $38,765.88 | $38,765.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $21,956.31 | $21,956.31 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $15,747.91 | $15,747.91 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,945.16 | $4,945.16 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,332.46 | $4,332.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $85,747.72 | $85,747.72 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $38,765.88 | 45.2% |
| CAT City of Austin | 0.5240% | $21,956.31 | 25.6% |
| TCO Travis County | 0.3758% | $15,747.91 | 18.4% |
| THD Travis Central Health | 0.1180% | $4,945.16 | 5.8% |
| ACT Austin Community College | 0.1034% | $4,332.46 | 5.1% |
| Total | 2.0465% | $85,747.72 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,696,760 | $4,190,000 | +12.1% |
| Assessed Value | $4,696,760 | $4,190,000 | +12.1% |
| Land Value | $2,306,502 | $2,306,502 | +0.0% |
| Improvement Value | $2,390,258 | $1,883,498 | +26.9% |
| Taxable Value | $4,696,760 | $4,190,000 | +12.1% |
| Total Tax 2026 = estimate |
~$96,118
Estimated
|
~$85,748
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $4,696,760 | $2,306,502 | $2,390,258 | — | $4,696,760 | $4,696,760 | Not yet — post-cert | Preliminary |
| 2025 | $4,190,000 | $2,306,502 | $1,883,498 | — | $4,190,000 | $4,190,000 | ~$85,748 | Partial |
| 2024 | $4,100,000 | $2,306,502 | $1,793,498 | — | $4,100,000 | $4,100,000 | $81,254 | Verified |
| 2023 | $4,144,200 | $2,306,502 | $1,837,698 | — | $4,144,200 | $4,144,200 | $74,979 | Verified |
| 2022 | $3,867,920 | $1,153,251 | $2,714,669 | — | $3,867,920 | $3,867,920 | $76,388 | Verified |
| 2021 | $3,612,114 | $1,153,251 | $2,458,863 | — | $3,612,114 | $3,612,114 | $78,624 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.1% | +12.1% | ~100% | Not available | Partial |
| 2025 | +2.2% | +2.2% | ~100% | Not available | Partial |
| 2024 | -1.1% | -1.1% | ~100% | No billing data | Verified |
| 2023 | +7.1% | +7.1% | ~100% | No billing data | Verified |
| 2022 | +7.1% | +7.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.1% | +5.5% | +5.4% | +12.1% | 2026 | -1.1% | 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 |
$85,748 | $79,399 | ~$107,259 | $85,748 | 2025 | $74,979 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$4,950,006 | ~$4,950,006 | ~2.0139% | ~$99,690 | +5.4% |
| 2028 | ~$5,216,908 | ~$5,216,908 | ~1.9814% | ~$103,367 | +11.1% |
| 2029 | ~$5,498,200 | ~$5,498,200 | ~1.9488% | ~$107,151 | +17.1% |
| 2030 | ~$5,794,659 | ~$5,794,659 | ~1.9163% | ~$111,043 | +23.4% |
| 2031 | ~$6,107,104 | ~$6,107,104 | ~1.8837% | ~$115,042 | +30.0% |
| 2027 | ~$4,856,071 | ~$4,856,071 | ~2.0465% | ~$99,379 | +3.4% |
| 2028 | ~$5,020,786 | ~$5,020,786 | ~2.0465% | ~$102,750 | +6.9% |
| 2029 | ~$5,191,088 | ~$5,191,088 | ~2.0465% | ~$106,235 | +10.5% |
| 2030 | ~$5,367,166 | ~$5,367,166 | ~2.0465% | ~$109,838 | +14.3% |
| 2031 | ~$5,549,217 | ~$5,549,217 | ~2.0465% | ~$113,564 | +18.1% |
| 2027 | ~$5,043,942 | ~$5,043,942 | ~1.9977% | ~$100,761 | +7.4% |
| 2028 | ~$5,416,786 | ~$5,416,786 | ~1.9488% | ~$105,564 | +15.3% |
| 2029 | ~$5,817,192 | ~$5,817,192 | ~1.9000% | ~$110,528 | +23.9% |
| 2030 | ~$6,247,195 | ~$6,247,195 | ~1.8512% | ~$115,648 | +33.0% |
| 2031 | ~$6,708,984 | ~$6,708,984 | ~1.8024% | ~$120,921 | +42.8% |
In 2025, this property's market value of $4,190,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 8× 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 | $4,190,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $4,100,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $4,144,200 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $3,867,920 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $3,612,114 | $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 | — |