118 LAUREL LN AUSTIN, TX 78705
| Owner | WILLIAMS RONALD T & JEAN M |
|---|---|
| Parcel ID | 0216040323 |
| Short ID | 210182 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,572 SF |
| Land SF | 7,282 SF |
| Acres | 0.167 |
| Year Built | 1948 |
| Legal | LOT 13 BLK 1 OLT 74 DIV D UNIVERSITY HEIGHTS |
| Neighborhood | Z50005 |
| Land | $560,751 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $560,751 |
| Improvement | $402,382 |
|---|---|
| Total Improvement | $402,382 |
| Market | $963,133 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $963,133 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $963,133 |
| Exemptions on file | HS,OV65 |
|---|---|
| Taxable Value | $963,133 |
Appreciation: Market value has risen +11.9% from $860,438 (2021) to $963,133 (2025), a CAGR of 2.9% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 4 taxing entities is 1.1213% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $10,799. City of Austin is the largest single contributor, at 46.0% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 58% of market value ($560,751 land vs $402,382 improvements), about $77/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $963,133, 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 +3.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,222,158 by 2031, with an estimated annual tax burden around $13,800. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,572 SF | ✗ |
| 1ST | 1st Floor | 1,532 SF | ✓ |
| 2ND | 2nd Floor | 1,040 SF | ✓ |
| 051 | CARPORT DET 1ST | 528 SF | ✗ |
| 512 | DECK UNCOVRED | 252 SF | ✗ |
| 513 | DECK COVERED | 240 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 180 SF | ✗ |
| 251 | BATHROOM | 2 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,031.47 | $3,031.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,357.62 | $2,357.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $690.80 | $690.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $516.29 | $516.29 | Paid |
| Combined Rate | 1.1150% | 0.9783% | 0.9497% | 1.0313% | 1.1213% | +0.0900% | $6,596.18 | $6,596.18 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| CAT City of Austin | 0.5240% | $3,031.47 | 46.0% |
| TCO Travis County | 0.3758% | $2,357.62 | 35.7% |
| THD Travis Central Health | 0.1180% | $690.80 | 10.5% |
| ACT Austin Community College | 0.1034% | $516.29 | 7.8% |
| Total | 1.1213% | $6,596.18 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,025,471 | $963,133 | +6.5% |
| Assessed Value | $1,025,471 | $963,133 | +6.5% |
| Land Value | $560,751 | $560,751 | +0.0% |
| Improvement Value | $464,720 | $402,382 | +15.5% |
| Taxable Value | $1,025,471 | $963,133 | +6.5% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$11,498
Estimated
|
~$6,596
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,025,471 | $560,751 | $464,720 | — | $1,025,471 | $1,025,471 | Not yet — post-cert | Preliminary |
| 2025 | $963,133 | $560,751 | $402,382 | — | $963,133 | $963,133 | ~$6,596 | Partial |
| 2024 | $1,074,781 | $600,000 | $474,781 | −$170,446 | $904,335 | $587,068 | $6,014 | Verified |
| 2023 | $1,032,462 | $425,000 | $607,462 | −$210,339 | $822,123 | $533,698 | $5,199 | Verified |
| 2022 | $1,032,462 | $425,000 | $607,462 | −$285,077 | $747,385 | $487,908 | $7,679 | Verified |
| 2021 | $860,438 | $425,000 | $435,438 | −$180,997 | $679,441 | $443,553 | $7,811 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.5% | +6.5% | ~100% | Not available | Partial |
| 2025 | -10.4% | +6.5% | ~100% | Not available | Partial |
| 2024 | +4.1% | +10.0% | 84.1% | No billing data | Verified |
| 2023 | +0.0% | +10.0% | 79.6% | No billing data | Verified |
| 2022 | +20.0% | +10.0% | 72.4% | No billing data | Verified |
| 2021 | base year | — | 79.0% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +11.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +6.5% | +4.0% | +3.6% | +20.0% | 2022 | -10.4% | 2025 |
| Assessment Ratio | 100.0% | 85.9% | — | 100.0% | 2025 | 72.4% | 2022 |
| Effective Tax Rate (2025) | 0.6800% | 0.6800% | — | 0.6800% | 2025 | 0.6800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$6,596 | $6,660 | ~$12,846 | $7,811 | 2021 | $5,199 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,062,097 | ~$1,062,097 | ~1.1229% | ~$11,926 | +3.6% |
| 2028 | ~$1,100,031 | ~$1,100,031 | ~1.1244% | ~$12,369 | +7.3% |
| 2029 | ~$1,139,320 | ~$1,139,320 | ~1.1260% | ~$12,829 | +11.1% |
| 2030 | ~$1,180,012 | ~$1,180,012 | ~1.1276% | ~$13,306 | +15.1% |
| 2031 | ~$1,222,158 | ~$1,222,158 | ~1.1292% | ~$13,800 | +19.2% |
| 2027 | ~$1,041,587 | ~$1,041,587 | ~1.1213% | ~$11,679 | +1.6% |
| 2028 | ~$1,057,957 | ~$1,057,957 | ~1.1213% | ~$11,863 | +3.2% |
| 2029 | ~$1,074,584 | ~$1,074,584 | ~1.1213% | ~$12,049 | +4.8% |
| 2030 | ~$1,091,473 | ~$1,091,473 | ~1.1213% | ~$12,239 | +6.4% |
| 2031 | ~$1,108,626 | ~$1,108,626 | ~1.1213% | ~$12,431 | +8.1% |
| 2027 | ~$1,082,606 | ~$1,082,606 | ~1.1237% | ~$12,165 | +5.6% |
| 2028 | ~$1,142,925 | ~$1,142,925 | ~1.1260% | ~$12,870 | +11.5% |
| 2029 | ~$1,206,604 | ~$1,206,604 | ~1.1284% | ~$13,615 | +17.7% |
| 2030 | ~$1,273,832 | ~$1,273,832 | ~1.1307% | ~$14,404 | +24.2% |
| 2031 | ~$1,344,805 | ~$1,344,805 | ~1.1331% | ~$15,238 | +31.1% |
In 2025, this property's market value of $963,133 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +86% 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 | $963,133 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,074,781 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,032,462 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,032,462 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $860,438 | $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 | — |