624 W 37 ST TX 78705
| Owner | JOSEPH COMPANIES-624 W 37TH LLC |
|---|---|
| Parcel ID | 0218030405 |
| Short ID | 212539 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,048 SF |
| Land SF | 8,355 SF |
| Acres | 0.192 |
| Year Built | 1974 |
| Legal | LOT 1 * LESS E2.5FT&W4.5FT OF BLK 4 OLT 76 DIV D BUDDINGTON SUBD |
| Neighborhood | 05WC2 |
| Land | $835,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $835,500 |
| Improvement | $664,500 |
|---|---|
| Total Improvement | $664,500 |
| Market | $1,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,500,000 |
| Taxable Value | $1,500,000 |
|---|
Appreciation: Market value has risen +45.6% from $1,030,000 (2021) to $1,500,000 (2025), a CAGR of 9.9% 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 $30,697. 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 56% of market value ($835,500 land vs $664,500 improvements), about $100/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,500,000, 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 +8.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,297,264 by 2031, with an estimated annual tax burden around $43,275. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 2,400 SF | ✗ |
| 1ST | 1st Floor | 2,024 SF | ✓ |
| 2ND | 2nd Floor | 2,024 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,050 SF | ✗ |
| SO | Sketch Only | 840 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 324 SF | ✗ |
| 581C | STORAGE ATT COMM | 300 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 216 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $13,878.00 | $13,878.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,860.26 | $7,860.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,637.68 | $5,637.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,770.35 | $1,770.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,551.00 | $1,551.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,697.29 | $30,697.29 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $13,878.00 | 45.2% |
| CAT City of Austin | 0.5240% | $7,860.26 | 25.6% |
| TCO Travis County | 0.3758% | $5,637.68 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,770.35 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,551.00 | 5.1% |
| Total | 2.0465% | $30,697.29 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,538,240 | $1,500,000 | +2.5% |
| Assessed Value | $1,538,240 | $1,500,000 | +2.5% |
| Land Value | $835,500 | $835,500 | +0.0% |
| Improvement Value | $702,740 | $664,500 | +5.8% |
| Taxable Value | $1,538,240 | $1,500,000 | +2.5% |
| Total Tax 2026 = estimate |
~$31,480
Estimated
|
~$30,697
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,538,240 | $835,500 | $702,740 | — | $1,538,240 | $1,538,240 | Not yet — post-cert | Preliminary |
| 2025 | $1,500,000 | $835,500 | $664,500 | — | $1,500,000 | $1,500,000 | ~$30,697 | Partial |
| 2024 | $1,416,800 | $835,500 | $581,300 | −$32,384 | $1,384,416 | $1,384,416 | $27,437 | Verified |
| 2023 | $1,153,680 | $835,500 | $318,180 | — | $1,153,680 | $1,153,680 | $20,873 | Verified |
| 2022 | $1,052,480 | $626,625 | $425,855 | — | $1,052,480 | $1,052,480 | $20,786 | Verified |
| 2021 | $1,030,000 | $626,625 | $403,375 | — | $1,030,000 | $1,030,000 | $22,420 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.5% | +2.5% | ~100% | Not available | Partial |
| 2025 | +5.9% | +8.3% | ~100% | Not available | Partial |
| 2024 | +22.8% | +20.0% | 97.7% | No billing data | Verified |
| 2023 | +9.6% | +9.6% | ~100% | No billing data | Verified |
| 2022 | +2.2% | +2.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +45.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.5% | +8.6% | +8.4% | +22.8% | 2024 | +2.2% | 2022 |
| Assessment Ratio | 100.0% | 99.6% | — | 100.0% | 2021 | 97.7% | 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 |
$30,697 | $24,442 | ~$38,277 | $30,697 | 2025 | $20,786 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,666,716 | ~$1,666,716 | ~2.0139% | ~$33,567 | +8.4% |
| 2028 | ~$1,805,921 | ~$1,805,921 | ~1.9814% | ~$35,782 | +17.4% |
| 2029 | ~$1,956,754 | ~$1,956,754 | ~1.9488% | ~$38,134 | +27.2% |
| 2030 | ~$2,120,184 | ~$2,120,184 | ~1.9163% | ~$40,629 | +37.8% |
| 2031 | ~$2,297,264 | ~$2,297,264 | ~1.8837% | ~$43,275 | +49.3% |
| 2027 | ~$1,635,951 | ~$1,635,951 | ~2.0465% | ~$33,479 | +6.4% |
| 2028 | ~$1,739,868 | ~$1,739,868 | ~2.0465% | ~$35,606 | +13.1% |
| 2029 | ~$1,850,386 | ~$1,850,386 | ~2.0465% | ~$37,868 | +20.3% |
| 2030 | ~$1,967,925 | ~$1,967,925 | ~2.0465% | ~$40,273 | +27.9% |
| 2031 | ~$2,092,930 | ~$2,092,930 | ~2.0465% | ~$42,831 | +36.1% |
| 2027 | ~$1,697,480 | ~$1,692,064 | ~1.9977% | ~$33,802 | +10.4% |
| 2028 | ~$1,873,205 | ~$1,861,270 | ~1.9488% | ~$36,273 | +21.8% |
| 2029 | ~$2,067,122 | ~$2,047,397 | ~1.9000% | ~$38,901 | +34.4% |
| 2030 | ~$2,281,112 | ~$2,252,137 | ~1.8512% | ~$41,691 | +48.3% |
| 2031 | ~$2,517,256 | ~$2,477,351 | ~1.8024% | ~$44,651 | +63.6% |
In 2025, this property's market value of $1,500,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +189% 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 | $1,500,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,416,800 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,153,680 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,052,480 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,030,000 | $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 | — |