506 W 34 ST TX 78705
| Owner | IVERSON RICHARD M |
|---|---|
| Parcel ID | 0218031204 |
| Short ID | 212631 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 6,785 SF |
| Land SF | 19,116 SF |
| Acres | 0.439 |
| Year Built | 1900 |
| Legal | 38% OF S94.35FT OF E202.93FT AV OF BLK 6 OLT 77 DIV D BUDDINGTON SUBD |
| Neighborhood | 05WC |
| Land | $1,911,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,911,600 |
| Improvement | $395,300 |
|---|---|
| Total Improvement | $395,300 |
| Market | $2,306,900 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,306,900 |
| Value Limitation Adjustment (−) (homestead cap) | −$152,069 |
| Net Appraised (assessed) | $2,154,831 |
| Exemptions on file | HS,OV65S,HT |
|---|---|
| Taxable Value | $2,154,831 |
Appreciation: Market value has risen +149.3% from $925,474 (2021) to $2,306,900 (2025), a CAGR of 25.7% 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 $44,098. Austin ISD is the largest single contributor, at 50.3% of the total 2025 levy.
Assessment Gap: Assessed value ($2,154,831) is $152,069 below market value, suggesting potential for an upward assessment in future years.
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 83% of market value ($1,911,600 land vs $395,300 improvements), about $100/SF of land. With value concentrated in the land under a ~126-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 $2,306,900, 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 +20.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $5,750,337 by 2031, with an estimated annual tax burden around $67,571. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 4,456 SF | ✓ |
| 2ND | 2nd Floor | 2,329 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 1,000 SF | ✗ |
| 613C | TERRACE COVERED COMM | 746 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 506 SF | ✗ |
| 611 | TERRACE | 486 SF | ✗ |
| 061C | CARPORT ATT 1ST COMM | 200 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 143 SF | ✗ |
| 571C | STORAGE DET COMM | 96 SF | ✓ |
| 630C | PORCH CLOS FIN COMM | 70 SF | ✓ |
| 581C | STORAGE ATT COMM | 52 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
| 522C | FIREPLACE COMM | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 172 | SHOWER STALL AVG | 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% | $15,738.61 | $15,738.61 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,877.83 | $7,877.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,959.41 | $4,959.41 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,803.66 | $1,803.66 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $905.65 | $905.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $31,285.16 | $31,285.16 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $15,738.61 | 50.3% |
| CAT City of Austin | 0.5240% | $7,877.83 | 25.2% |
| TCO Travis County | 0.3758% | $4,959.41 | 15.9% |
| ACT Austin Community College | 0.1034% | $1,803.66 | 5.8% |
| THD Travis Central Health | 0.1180% | $905.65 | 2.9% |
| Total | 2.0465% | $31,285.16 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,306,900 | $2,306,900 | +0.0% |
| Assessed Value | $2,227,285 | $2,154,831 | +3.4% |
| Land Value | $1,911,600 | $1,911,600 | +0.0% |
| Improvement Value | $395,300 | $395,300 | +0.0% |
| Taxable Value | $2,227,285 | $2,154,831 | +3.4% |
| Exemptions | HS,OV65S,HT | HS,OV65S,HT | |
| HS Cap Loss | -$79,615 | — | |
| Total Tax 2026 = estimate |
~$45,581
Estimated
|
~$31,285
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $2,306,900 | $1,911,600 | $395,300 | −$79,615 | $2,227,285 | $2,227,285 | Not yet — post-cert | Preliminary |
| 2025 | $2,306,900 | $1,911,600 | $395,300 | −$152,069 | $2,154,831 | $2,154,831 | ~$31,285 | Partial |
| 2024 | $2,044,577 | $1,911,600 | $132,977 | −$118,258 | $1,926,319 | $1,003,827 | $25,876 | Verified |
| 2023 | $1,885,740 | $1,911,600 | — | −$117,781 | $1,767,959 | $1,376,812 | $27,182 | Verified |
| 2022 | $1,526,625 | $1,338,120 | $188,505 | −$35,750 | $1,490,875 | $988,439 | $22,433 | Verified |
| 2021 | $925,474 | $829,634 | $95,840 | — | $925,474 | $925,474 | $23,797 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +3.4% | 96.6% | Not available | Partial |
| 2025 | +12.8% | +11.9% | 93.4% | Not available | Partial |
| 2024 | +8.4% | +9.0% | 94.2% | No billing data | Verified |
| 2023 | +23.5% | +18.6% | 93.8% | No billing data | Verified |
| 2022 | +65.0% | +61.1% | 97.7% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +149.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +21.9% | +20.0% | +65.0% | 2022 | +0.0% | 2026 |
| Assessment Ratio | 96.5% | 95.9% | — | 100.0% | 2021 | 93.4% | 2025 |
| Effective Tax Rate (2025) | 1.3600% | 1.3600% | — | 1.3600% | 2025 | 1.3600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$31,285 | $26,115 | ~$58,115 | $31,285 | 2025 | $22,433 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,769,247 | ~$2,450,014 | ~2.0139% | ~$49,342 | +20.0% |
| 2028 | ~$3,324,257 | ~$2,695,015 | ~1.9814% | ~$53,399 | +44.1% |
| 2029 | ~$3,990,502 | ~$2,964,516 | ~1.9488% | ~$57,774 | +73.0% |
| 2030 | ~$4,790,275 | ~$3,260,968 | ~1.9163% | ~$62,490 | +107.6% |
| 2031 | ~$5,750,337 | ~$3,587,065 | ~1.8837% | ~$67,571 | +149.3% |
| 2027 | ~$2,723,109 | ~$2,450,014 | ~2.0465% | ~$50,139 | +18.0% |
| 2028 | ~$3,214,410 | ~$2,695,015 | ~2.0465% | ~$55,153 | +39.3% |
| 2029 | ~$3,794,351 | ~$2,964,516 | ~2.0465% | ~$60,668 | +64.5% |
| 2030 | ~$4,478,924 | ~$3,260,968 | ~2.0465% | ~$66,735 | +94.2% |
| 2031 | ~$5,287,008 | ~$3,587,065 | ~2.0465% | ~$73,409 | +129.2% |
| 2027 | ~$2,815,385 | ~$2,450,014 | ~1.9977% | ~$48,943 | +22.0% |
| 2028 | ~$3,435,950 | ~$2,695,015 | ~1.9488% | ~$52,522 | +48.9% |
| 2029 | ~$4,193,299 | ~$2,964,516 | ~1.9000% | ~$56,326 | +81.8% |
| 2030 | ~$5,117,582 | ~$3,260,968 | ~1.8512% | ~$60,367 | +121.8% |
| 2031 | ~$6,245,595 | ~$3,587,065 | ~1.8024% | ~$64,652 | +170.7% |
In 2025, this property's market value of $2,306,900 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 4× 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 | $2,306,900 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $2,044,577 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,885,740 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,526,625 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $925,474 | $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 | — |