616 W 51 ST TX 78751
| Owner | SZE-LO FAMILY REVOCABLE LIVING TRUST |
|---|---|
| Parcel ID | 0224070227 |
| Short ID | 223209 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,800 SF |
| Land SF | 8,029 SF |
| Acres | 0.184 |
| Year Built | 1965 |
| Legal | LOT 9 EDGEFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $440,580 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $440,580 |
| Improvement | $358,451 |
|---|---|
| Total Improvement | $358,451 |
| Market | $799,031 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $799,031 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $799,031 |
| Taxable Value | $799,031 |
|---|
Appreciation: Market value has risen +26.7% from $630,540 (2021) to $799,031 (2025), a CAGR of 6.1% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), 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 $16,352. 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 ($440,580 land vs $358,451 improvements), about $55/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $799,031, 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 +4.9% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,019,367 by 2031, with an estimated annual tax burden around $19,202. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,800 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% | $7,392.63 | $7,392.63 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,187.06 | $4,187.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,003.12 | $3,003.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $943.04 | $943.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $826.20 | $826.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,352.05 | $16,352.05 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $7,392.63 | 45.2% |
| CAT City of Austin | 0.5240% | $4,187.06 | 25.6% |
| TCO Travis County | 0.3758% | $3,003.12 | 18.4% |
| THD Travis Central Health | 0.1180% | $943.04 | 5.8% |
| ACT Austin Community College | 0.1034% | $826.20 | 5.1% |
| Total | 2.0465% | $16,352.05 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $801,718 | $799,031 | +0.3% |
| Assessed Value | $801,718 | $799,031 | +0.3% |
| Land Value | $385,508 | $440,580 | -12.5% |
| Improvement Value | $416,210 | $358,451 | +16.1% |
| Taxable Value | $801,718 | $799,031 | +0.3% |
| Total Tax 2026 = estimate |
~$16,407
Estimated
|
~$16,352
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $801,718 | $385,508 | $416,210 | — | $801,718 | $801,718 | Not yet — post-cert | Preliminary |
| 2025 | $799,031 | $440,580 | $358,451 | — | $799,031 | $799,031 | ~$16,352 | Partial |
| 2024 | $775,000 | $495,000 | $280,000 | — | $775,000 | $775,000 | $15,359 | Verified |
| 2023 | $930,000 | $495,000 | $435,000 | — | $930,000 | $930,000 | $16,826 | Verified |
| 2022 | $650,000 | $495,000 | $155,000 | — | $650,000 | $650,000 | $12,837 | Verified |
| 2021 | $630,540 | $302,500 | $328,040 | — | $630,540 | $630,540 | $13,725 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2025 | +3.1% | +3.1% | ~100% | Not available | Partial |
| 2024 | -16.7% | -16.7% | ~100% | No billing data | Verified |
| 2023 | +43.1% | +43.1% | ~100% | No billing data | Verified |
| 2022 | +3.1% | +3.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +26.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.3% | +6.6% | +4.9% | +43.1% | 2023 | -16.7% | 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 |
$16,352 | $15,020 | ~$18,059 | $16,826 | 2023 | $12,837 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$841,169 | ~$841,169 | ~2.0139% | ~$16,941 | +4.9% |
| 2028 | ~$882,562 | ~$882,562 | ~1.9814% | ~$17,487 | +10.1% |
| 2029 | ~$925,992 | ~$925,992 | ~1.9488% | ~$18,046 | +15.5% |
| 2030 | ~$971,558 | ~$971,558 | ~1.9163% | ~$18,618 | +21.2% |
| 2031 | ~$1,019,367 | ~$1,019,367 | ~1.8837% | ~$19,202 | +27.1% |
| 2027 | ~$825,135 | ~$825,135 | ~2.0465% | ~$16,886 | +2.9% |
| 2028 | ~$849,236 | ~$849,236 | ~2.0465% | ~$17,379 | +5.9% |
| 2029 | ~$874,041 | ~$874,041 | ~2.0465% | ~$17,887 | +9.0% |
| 2030 | ~$899,570 | ~$899,570 | ~2.0465% | ~$18,410 | +12.2% |
| 2031 | ~$925,845 | ~$925,845 | ~2.0465% | ~$18,947 | +15.5% |
| 2027 | ~$857,204 | ~$857,204 | ~1.9977% | ~$17,124 | +6.9% |
| 2028 | ~$916,529 | ~$916,529 | ~1.9488% | ~$17,862 | +14.3% |
| 2029 | ~$979,961 | ~$979,961 | ~1.9000% | ~$18,619 | +22.2% |
| 2030 | ~$1,047,783 | ~$1,047,783 | ~1.8512% | ~$19,396 | +30.7% |
| 2031 | ~$1,120,298 | ~$1,120,298 | ~1.8024% | ~$20,192 | +39.7% |
In 2025, this property's market value of $799,031 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +54% 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 | $799,031 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $775,000 | $467,312 | $564,206 | $847,583 | ↑ Above median | -6.3% |
| 2023 | $930,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $650,000 | $506,269 | $614,560 | $904,074 | ↑ Above median | +39.0% |
| 2021 | $630,540 | $353,349 | $436,046 | $657,886 | ↑ Above median | 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 | — |