1607 MORGAN LN TX 78704
| Owner | PERRY PEGGY W |
|---|---|
| Parcel ID | 0406090143 |
| Short ID | 308020 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 5,976 SF |
| Land SF | 27,351 SF |
| Acres | 0.628 |
| Year Built | 2002 |
| Legal | A PORTION OF LOT 10A&10B RESUB OF LOT 10 BANISTER HEIGHTS |
| Neighborhood | K3005 |
| Land | $440,048 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $440,048 |
| Improvement | $960,523 |
|---|---|
| Total Improvement | $960,523 |
| Market | $1,400,571 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,400,571 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,400,571 |
| Exemptions on file | HS,OV65 |
|---|---|
| Taxable Value | $1,400,571 |
Appreciation: Market value has fallen -10.4% from $1,563,360 (2021) to $1,400,571 (2025), a CAGR of -2.7% over 4 years. Growth has been relatively flat for this asset class. 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 Multi-Family parcel countywide rose +19.0%, so this parcel has lagged the broader multi-family market over the same period.
Tax Burden: The combined rate across 4 taxing entities is 1.1213% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $15,704. City of Austin is the largest single contributor, at 44.2% 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 31% of market value ($440,048 land vs $960,523 improvements), about $16/SF of land. Most value sits in the improvements, so building condition, age (~24 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,400,571, 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 -6.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $816,937 by 2031, with an estimated annual tax burden around $9,225. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,096 SF | ✗ |
| 2ND | 2nd Floor | 3,998 SF | ✓ |
| 1ST | 1st Floor | 1,978 SF | ✓ |
| 031 | GARAGE DET 1ST F | 1,880 SF | ✓ |
| 012 | PORCH OPEN 2ND F | 858 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 713 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,865.27 | $4,865.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,672.90 | $3,672.90 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,356.16 | $1,356.16 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,103.82 | $1,103.82 | Paid |
| Combined Rate | 1.1150% | 0.9783% | 0.9497% | 1.0313% | 1.1213% | +0.0900% | $10,998.15 | $10,998.15 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| CAT City of Austin | 0.5240% | $4,865.27 | 44.2% |
| TCO Travis County | 0.3758% | $3,672.90 | 33.4% |
| ACT Austin Community College | 0.1034% | $1,356.16 | 12.3% |
| THD Travis Central Health | 0.1180% | $1,103.82 | 10.0% |
| Total | 1.1213% | $10,998.15 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,130,118 | $1,400,571 | -19.3% |
| Assessed Value | $1,130,118 | $1,400,571 | -19.3% |
| Land Value | $440,048 | $440,048 | +0.0% |
| Improvement Value | $690,070 | $960,523 | -28.2% |
| Taxable Value | $1,130,118 | $1,400,571 | -19.3% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$12,672
Estimated
|
~$10,998
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,130,118 | $440,048 | $690,070 | — | $1,130,118 | $1,130,118 | Not yet — post-cert | Preliminary |
| 2025 | $1,400,571 | $440,048 | $960,523 | — | $1,400,571 | $1,400,571 | ~$10,998 | Partial |
| 2024 | $1,396,192 | $560,000 | $836,192 | — | $1,396,192 | $980,554 | $10,340 | Verified |
| 2023 | $1,845,250 | $560,000 | $1,285,250 | −$38,522 | $1,806,728 | $1,321,382 | $12,607 | Verified |
| 2022 | $1,648,595 | $560,000 | $1,088,595 | −$6,115 | $1,642,480 | $1,203,984 | $19,696 | Verified |
| 2021 | $1,563,360 | $336,000 | $1,227,360 | −$70,196 | $1,493,164 | $1,094,531 | $20,106 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -19.3% | -19.3% | ~100% | Not available | Partial |
| 2025 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2024 | -24.3% | -22.7% | ~100% | No billing data | Verified |
| 2023 | +11.9% | +10.0% | 97.9% | No billing data | Verified |
| 2022 | +5.5% | +10.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | 95.5% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -10.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.3% | -5.2% | -6.3% | +11.9% | 2023 | -24.3% | 2024 |
| Assessment Ratio | 100.0% | 98.8% | — | 100.0% | 2024 | 95.5% | 2021 |
| 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 |
$10,998 | $14,750 | ~$10,516 | $20,106 | 2021 | $10,340 | 2024 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,059,099 | ~$1,059,099 | ~1.1229% | ~$11,892 | -6.3% |
| 2028 | ~$992,544 | ~$992,544 | ~1.1244% | ~$11,161 | -12.2% |
| 2029 | ~$930,171 | ~$930,171 | ~1.1260% | ~$10,474 | -17.7% |
| 2030 | ~$871,717 | ~$871,717 | ~1.1276% | ~$9,829 | -22.9% |
| 2031 | ~$816,937 | ~$816,937 | ~1.1292% | ~$9,225 | -27.7% |
| 2027 | ~$1,073,612 | ~$1,073,612 | ~1.1213% | ~$12,038 | -5.0% |
| 2028 | ~$1,019,931 | ~$1,019,931 | ~1.1213% | ~$11,436 | -9.8% |
| 2029 | ~$968,935 | ~$968,935 | ~1.1213% | ~$10,865 | -14.3% |
| 2030 | ~$920,488 | ~$920,488 | ~1.1213% | ~$10,321 | -18.5% |
| 2031 | ~$874,464 | ~$874,464 | ~1.1213% | ~$9,805 | -22.6% |
| 2027 | ~$1,081,702 | ~$1,081,702 | ~1.1237% | ~$12,155 | -4.3% |
| 2028 | ~$1,035,360 | ~$1,035,360 | ~1.1260% | ~$11,658 | -8.4% |
| 2029 | ~$991,003 | ~$991,003 | ~1.1284% | ~$11,182 | -12.3% |
| 2030 | ~$948,547 | ~$948,547 | ~1.1307% | ~$10,726 | -16.1% |
| 2031 | ~$907,910 | ~$907,910 | ~1.1331% | ~$10,288 | -19.7% |
In 2025, this property's market value of $1,400,571 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +170% 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 | $1,400,571 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,396,192 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,845,250 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,648,595 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,563,360 | $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 | — |