4505 RED RIVER ST TX 78751
| Owner | BOWMAN AUSTIN PROPERTIES LLC |
|---|---|
| Parcel ID | 0220101403 |
| Short ID | 216298 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,979 SF |
| Land SF | 7,850 SF |
| Acres | 0.180 |
| Year Built | 2014 |
| Legal | LOT 5 * & S20FT OF LOT 6 BLK 15 OLT 17 DIV C RIDGETOP ANNEX |
| Neighborhood | Y1005 |
| Land | $436,995 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $436,995 |
| Improvement | $634,551 |
|---|---|
| Total Improvement | $634,551 |
| Market | $1,071,546 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,071,546 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,071,546 |
| Taxable Value | $1,071,546 |
|---|
Appreciation: Market value has risen +20.5% from $889,579 (2021) to $1,071,546 (2025), a CAGR of 4.8% over 4 years. This represents moderate, steady growth. 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 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 $21,929. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 41% of market value ($436,995 land vs $634,551 improvements), about $56/SF of land. Most value sits in the improvements, so building condition, age (~12 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,071,546, 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 $1,263,329 by 2031, with an estimated annual tax burden around $23,798. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,979 SF | ✗ |
| 1ST | 1st Floor | 1,900 SF | ✓ |
| 2ND | 2nd Floor | 1,079 SF | ✓ |
| 061 | CARPORT ATT 1ST | 429 SF | ✗ |
| 512 | DECK UNCOVRED | 211 SF | ✗ |
| 581 | STORAGE ATT | 121 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 42 SF | ✗ |
| 252 | BEDROOMS | 6 SF | ✓ |
| 251 | BATHROOM | 4 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% | $9,913.94 | $9,913.94 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,615.08 | $5,615.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,027.35 | $4,027.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,264.67 | $1,264.67 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,107.98 | $1,107.98 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,929.02 | $21,929.02 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $9,913.94 | 45.2% |
| CAT City of Austin | 0.5240% | $5,615.08 | 25.6% |
| TCO Travis County | 0.3758% | $4,027.35 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,264.67 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,107.98 | 5.1% |
| Total | 2.0465% | $21,929.02 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,060,109 | $1,071,546 | -1.1% |
| Assessed Value | $1,060,109 | $1,071,546 | -1.1% |
| Land Value | $382,371 | $436,995 | -12.5% |
| Improvement Value | $677,738 | $634,551 | +6.8% |
| Taxable Value | $1,060,109 | $1,071,546 | -1.1% |
| Total Tax 2026 = estimate |
~$21,695
Estimated
|
~$21,929
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,060,109 | $382,371 | $677,738 | — | $1,060,109 | $1,060,109 | Not yet — post-cert | Preliminary |
| 2025 | $1,071,546 | $436,995 | $634,551 | — | $1,071,546 | $1,071,546 | ~$21,929 | Partial |
| 2024 | $1,196,000 | $450,000 | $746,000 | — | $1,196,000 | $1,196,000 | $23,702 | Verified |
| 2023 | $1,196,567 | $450,000 | $746,567 | — | $1,196,567 | $1,196,567 | $21,649 | Verified |
| 2022 | $1,070,129 | $450,000 | $620,129 | — | $1,070,129 | $1,070,129 | $21,134 | Verified |
| 2021 | $889,579 | $275,000 | $614,579 | — | $889,579 | $889,579 | $19,363 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.1% | -1.1% | ~100% | Not available | Partial |
| 2025 | -10.4% | -10.4% | ~100% | Not available | Partial |
| 2024 | -0.0% | -0.0% | ~100% | No billing data | Verified |
| 2023 | +11.8% | +11.8% | ~100% | No billing data | Verified |
| 2022 | +20.3% | +20.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +20.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.1% | +4.1% | +3.6% | +20.3% | 2022 | -10.4% | 2025 |
| 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 |
$21,929 | $21,556 | ~$22,954 | $23,702 | 2024 | $19,363 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,097,953 | ~$1,097,953 | ~2.0139% | ~$22,112 | +3.6% |
| 2028 | ~$1,137,148 | ~$1,137,148 | ~1.9814% | ~$22,531 | +7.3% |
| 2029 | ~$1,177,742 | ~$1,177,742 | ~1.9488% | ~$22,952 | +11.1% |
| 2030 | ~$1,219,785 | ~$1,219,785 | ~1.9163% | ~$23,375 | +15.1% |
| 2031 | ~$1,263,329 | ~$1,263,329 | ~1.8837% | ~$23,798 | +19.2% |
| 2027 | ~$1,076,751 | ~$1,076,751 | ~2.0465% | ~$22,036 | +1.6% |
| 2028 | ~$1,093,654 | ~$1,093,654 | ~2.0465% | ~$22,381 | +3.2% |
| 2029 | ~$1,110,822 | ~$1,110,822 | ~2.0465% | ~$22,733 | +4.8% |
| 2030 | ~$1,128,260 | ~$1,128,260 | ~2.0465% | ~$23,090 | +6.4% |
| 2031 | ~$1,145,972 | ~$1,145,972 | ~2.0465% | ~$23,452 | +8.1% |
| 2027 | ~$1,119,155 | ~$1,119,155 | ~1.9977% | ~$22,357 | +5.6% |
| 2028 | ~$1,181,490 | ~$1,181,490 | ~1.9488% | ~$23,025 | +11.4% |
| 2029 | ~$1,247,297 | ~$1,247,297 | ~1.9000% | ~$23,699 | +17.7% |
| 2030 | ~$1,316,769 | ~$1,316,769 | ~1.8512% | ~$24,376 | +24.2% |
| 2031 | ~$1,390,110 | ~$1,390,110 | ~1.8024% | ~$25,055 | +31.1% |
In 2025, this property's market value of $1,071,546 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +106% 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 | $1,071,546 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,196,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,196,567 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,070,129 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $889,579 | $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 | — |