607 THRASHER LN AUSTIN, TX 78741
| Owner | TORRES FAUSTO & JOSE TORRES |
|---|---|
| Parcel ID | 0305180136 |
| Short ID | 286569 |
| Type | Real |
| Use Code | 13 Mobile Home — Single (Real) |
| Valuation | Cost |
| Improvement SF | 1,400 SF |
| Land SF | 43,299 SF |
| Acres | 0.994 |
| Year Built | 1993 |
| Legal | LOT 2 J-K MITCHELL ADDN S# 12524243A S# 12524243B//TITLE CANCELED TO REAL ESTATE |
| Neighborhood | F1314MH |
| Land | $295,647 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $295,647 |
| Improvement | $32,666 |
|---|---|
| Total Improvement | $32,666 |
| Market | $328,313 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $328,313 |
| Value Limitation Adjustment (−) (homestead cap) | −$117,067 |
| Net Appraised (assessed) | $211,246 |
| Exemptions on file | HS |
|---|---|
| Taxable Value | $211,246 |
Appreciation: Market value has risen +33.1% from $246,759 (2021) to $328,313 (2025), a CAGR of 7.4% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Residential parcel countywide rose +23.1%, so this parcel has outpaced the broader residential 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 $4,323. City of Austin is the largest single contributor, at 34.2% of the total 2025 levy.
Homestead Cap History: Cap activity also recorded in AJR data as recently as 2024 ($32,476, ~9.9% of market), consistent with the active cap shown above. Historical data from AJR 2021–2024 (Partial confidence). Current status confirmed by 2025 TCAD Certified Export.
Asset Class: Single-family residential. Buyer should verify which exemptions carry and which reset at sale. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 90% of market value ($295,647 land vs $32,666 improvements), about $7/SF of land. With value concentrated in the land under a ~33-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 $328,313, this parcel sits in the bottom quartile (<25th percentile) of Residential property in Travis County — county median $477,804 (P25 $357,304 / P75 $734,387, n=318,609). Residential here is the broad TCAD category — every residential 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 +9.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $599,243 by 2031, with an estimated annual tax burden around $7,050. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,400 SF | ✓ |
| 031 | GARAGE DET 1ST F | 1,280 SF | ✓ |
| 051 | CARPORT DET 1ST | 600 SF | ✗ |
| 581 | STORAGE ATT | 150 SF | ✓ |
| 121 | WATER/SEWER INF | 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $885.57 | $885.57 | Paid |
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $659.17 | $659.17 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $635.17 | $635.17 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $213.26 | $213.26 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $199.46 | $199.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,592.63 | $2,592.63 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| CAT City of Austin | 0.5240% | $885.57 | 34.2% |
| IAU Austin ISD | 0.9252% | $659.17 | 25.4% |
| TCO Travis County | 0.3758% | $635.17 | 24.5% |
| ACT Austin Community College | 0.1034% | $213.26 | 8.2% |
| THD Travis Central Health | 0.1180% | $199.46 | 7.7% |
| Total | 2.0465% | $2,592.63 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $384,537 | $328,313 | +17.1% |
| Assessed Value | $232,371 | $211,246 | +10.0% |
| Land Value | $354,896 | $295,647 | +20.0% |
| Improvement Value | $29,641 | $32,666 | -9.3% |
| Taxable Value | $232,371 | $211,246 | +10.0% |
| Exemptions | HS,OV65 | HS | |
| HS Cap Loss | -$152,166 | -$32,476 (2024) | |
| Total Tax 2026 = estimate |
~$4,755
Estimated
|
~$2,593
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $384,537 | $354,896 | $29,641 | −$152,166 | $232,371 | $232,371 | Not yet — post-cert | Preliminary |
| 2025 | $328,313 | $295,647 | $32,666 | −$117,067 | $211,246 | $211,246 | ~$2,593 | Partial |
| 2024 | $482,476 | $450,000 | $32,476 | −$290,434 | $192,042 | $153,634 | $2,493 | Verified |
| 2023 | $251,835 | $225,000 | $26,835 | −$77,251 | $174,584 | $139,667 | $1,997 | Verified |
| 2022 | $251,835 | $225,000 | $26,835 | −$93,122 | $158,713 | $126,970 | $2,452 | Verified |
| 2021 | $246,759 | $225,000 | $21,759 | −$102,474 | $144,285 | $115,428 | $2,578 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +17.1% | +10.0% | 60.4% | Not available | Partial |
| 2025 | -32.0% | +10.0% | 64.3% | Not available | Partial |
| 2024 | +91.6% ! | +10.0% | 39.8% | No billing data | Verified |
| 2023 | +0.0% | +10.0% | 69.3% | No billing data | Verified |
| 2022 | +2.1% | +10.0% | 63.0% | No billing data | Verified |
| 2021 | base year | — | 58.5% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +33.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +17.1% | +15.8% | +9.3% | +91.6% | 2024 | -32.0% | 2025 |
| Assessment Ratio | 60.4% | 59.2% | — | 69.3% | 2023 | 39.8% | 2024 |
| Effective Tax Rate (2025) | 0.7900% | 0.7900% | — | 0.7900% | 2025 | 0.7900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,593 | $2,423 | ~$6,063 | $2,593 | 2025 | $1,997 | 2023 |
Market value changed by 92% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
This parcel carries a real, materially-sized homestead cap per 2025 Certified data — assessed value is meaningfully below market value. A buyer loses this benefit at purchase and the assessed value resets to full market, increasing the annual tax bill. Factor this into acquisition underwriting. Cap activity consistent with AJR records back to 2024.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$420,215 | ~$255,608 | ~2.0139% | ~$5,148 | +9.3% |
| 2028 | ~$459,202 | ~$281,169 | ~1.9814% | ~$5,571 | +19.4% |
| 2029 | ~$501,808 | ~$309,286 | ~1.9488% | ~$6,027 | +30.5% |
| 2030 | ~$548,366 | ~$340,214 | ~1.9163% | ~$6,519 | +42.6% |
| 2031 | ~$599,243 | ~$374,236 | ~1.8837% | ~$7,050 | +55.8% |
| 2027 | ~$412,524 | ~$255,608 | ~2.0465% | ~$5,231 | +7.3% |
| 2028 | ~$442,548 | ~$281,169 | ~2.0465% | ~$5,754 | +15.1% |
| 2029 | ~$474,757 | ~$309,286 | ~2.0465% | ~$6,329 | +23.5% |
| 2030 | ~$509,310 | ~$340,214 | ~2.0465% | ~$6,962 | +32.4% |
| 2031 | ~$546,378 | ~$374,236 | ~2.0465% | ~$7,659 | +42.1% |
| 2027 | ~$427,905 | ~$255,608 | ~1.9977% | ~$5,106 | +11.3% |
| 2028 | ~$476,165 | ~$281,169 | ~1.9488% | ~$5,480 | +23.8% |
| 2029 | ~$529,867 | ~$309,286 | ~1.9000% | ~$5,876 | +37.8% |
| 2030 | ~$589,626 | ~$340,214 | ~1.8512% | ~$6,298 | +53.3% |
| 2031 | ~$656,124 | ~$374,236 | ~1.8024% | ~$6,745 | +70.6% |
In 2025, this property's market value of $328,313 places it in the bottom 25% for Residential properties in Travis County (318609 comparable) — -31% below the county median of $477,804. Residential here is the broad TCAD category — every residential 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 | $328,313 | $357,304 | $477,804 | $734,387 | ↓ Bottom 25% | -6.4% |
| 2024 | $482,476 | $383,835 | $511,706 | $784,223 | ↓ Below median | -8.7% |
| 2023 | $251,835 | $423,669 | $564,806 | $843,567 | ↓ Bottom 25% | -2.0% |
| 2022 | $251,835 | $433,330 | $580,003 | $860,890 | ↓ Bottom 25% | +53.1% |
| 2021 | $246,759 | $281,915 | $388,138 | $576,451 | ↓ Bottom 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 | — |