1001 ROBERT E LEE RD TX 78704
| Owner | TAGHEHCHIAN MILAD & STACIE L BENNETT & |
|---|---|
| Parcel ID | 0104060201 |
| Short ID | 104015 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,302 SF |
| Land SF | 20,566 SF |
| Acres | 0.472 |
| Year Built | 1955 |
| Legal | LOT 5&7 BLK H SOUTH LUND PARK SEC 1 |
| Neighborhood | L1005 |
| Land | $1,568,490 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,568,490 |
| Improvement | $521,204 |
|---|---|
| Total Improvement | $521,204 |
| Market | $2,089,694 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,089,694 |
| Value Limitation Adjustment (−) (homestead cap) | −$438,471 |
| Net Appraised (assessed) | $1,651,223 |
| Exemptions (−) (HS,OV65) | −$167,772 |
|---|---|
| Taxable Value | $1,483,451 |
Appreciation: Market value has risen +134.5% from $891,184 (2021) to $2,089,694 (2025), a CAGR of 23.7% over 4 years. This is strong appreciation — well above typical inflation. 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 +37.9%, 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 $30,359. Austin ISD is the largest single contributor, at 36.8% of the total 2025 levy.
Assessment Gap: Assessed value ($1,651,223) is $438,471 below market value, suggesting potential for an upward assessment in future years.
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 75% of market value ($1,568,490 land vs $521,204 improvements), about $76/SF of land. With value concentrated in the land under a ~71-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 $2,089,694, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). 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 +23.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,063,548 by 2030, with an estimated annual tax burden around $50,095. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,303 SF | ✗ |
| 1ST | 1st Floor | 2,724 SF | ✓ |
| 2ND | 2nd Floor | 1,578 SF | ✓ |
| 051 | CARPORT DET 1ST | 484 SF | ✗ |
| 612 | TERRACE UNCOVERD | 300 SF | ✗ |
| 061 | CARPORT ATT 1ST | 196 SF | ✗ |
| 631 | PORCH CLOS UNFIN | 192 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 32 SF | ✗ |
| 581 | STORAGE ATT | 27 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $9,508.38 | $9,508.38 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,645.73 | $7,645.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,575.48 | $5,575.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,726.04 | $1,726.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,382.00 | $1,382.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $25,837.63 | $25,837.63 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,997,034 | $2,089,694 | -4.4% |
| Assessed Value | $1,716,361 | $1,651,223 | +3.9% |
| Land Value | $1,568,490 | $1,568,490 | +0.0% |
| Improvement Value | $428,544 | $521,204 | -17.8% |
| Taxable Value | $1,537,949 | $1,483,451 | +3.7% |
| Exemptions | HS,OV65 | HS,OV65 | |
| HS Cap Loss | -$280,673 | — | |
| Total Tax 2026 = estimate |
~$31,474
Estimated
|
~$25,838
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,997,034 | $1,997,034 | +0 (+0.0%) |
| Taxable Value | $1,538,973 | $1,537,949 | -1,024 (-0.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,997,034 | $1,568,490 | $428,544 | −$280,673 | $1,716,361 | $1,537,949 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,089,694 | $1,568,490 | $521,204 | −$438,471 | $1,651,223 | $1,483,451 | ~$25,838 | Partial |
| 2024 | $2,499,444 | — | — | −$661,944 | $1,837,500 | $— | $26,165 | Verified |
| 2023 | $1,832,908 | — | — | — | $1,837,500 ! | $— | $25,317 | Verified |
| 2022 | $1,108,936 | — | — | −$58,936 | $1,050,000 | $— | $22,830 | Verified |
| 2021 | $891,184 | — | — | −$191,184 | $700,000 | $— | $16,033 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.4% | +3.9% | 86.0% | Not available | Partial |
| 2025 | -7.0% | +2.2% | 79.0% | Not available | Partial |
| 2024 | -10.1% | -0.2% | 71.9% | 1.1600% | Verified |
| 2023 | +36.4% | +22.0% | 64.8% | 1.0100% | Verified |
| 2022 | +65.3% | +29.8% | 72.4% | 1.2500% | Verified |
| 2021 | base year | — | 92.2% | 1.8000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +88.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.4% | +21.1% | +24.9% | +65.3% | 2023 | -16.4% | 2025 |
| Assessment Ratio | 85.9% | 85.3% | — | 100.3% | 2023 | 73.5% | 2024 |
| Effective Tax Rate (2025) | 1.2400% | 1.2400% | — | 1.2400% | 2025 | 1.2400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$25,838 | $23,237 | ~$43,084 | $26,165 | 2024 | $16,033 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,585,899 | ~$1,816,345 | ~2.0139% | ~$36,580 | +23.7% |
| 2027 | ~$3,199,929 | ~$1,997,980 | ~1.9814% | ~$39,588 | +53.1% |
| 2028 | ~$3,959,763 | ~$2,197,778 | ~1.9488% | ~$42,831 | +89.5% |
| 2029 | ~$4,900,022 | ~$2,417,556 | ~1.9163% | ~$46,327 | +134.5% |
| 2030 | ~$6,063,548 | ~$2,659,311 | ~1.8837% | ~$50,095 | +190.2% |
| 2026 | ~$2,544,105 | ~$1,816,345 | ~2.0465% | ~$37,171 | +21.7% |
| 2027 | ~$3,097,329 | ~$1,997,980 | ~2.0465% | ~$40,888 | +48.2% |
| 2028 | ~$3,770,854 | ~$2,197,778 | ~2.0465% | ~$44,977 | +80.5% |
| 2029 | ~$4,590,838 | ~$2,417,556 | ~2.0465% | ~$49,475 | +119.7% |
| 2030 | ~$5,589,131 | ~$2,659,311 | ~2.0465% | ~$54,422 | +167.5% |
| 2026 | ~$2,627,693 | ~$1,816,345 | ~1.9977% | ~$36,284 | +25.7% |
| 2027 | ~$3,304,201 | ~$1,997,980 | ~1.9488% | ~$38,937 | +58.1% |
| 2028 | ~$4,154,878 | ~$2,197,778 | ~1.9000% | ~$41,758 | +98.8% |
| 2029 | ~$5,224,566 | ~$2,417,556 | ~1.8512% | ~$44,754 | +150.0% |
| 2030 | ~$6,569,648 | ~$2,659,311 | ~1.8024% | ~$47,931 | +214.4% |
In 2025, this property's market value of $2,089,694 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× the county median of $519,778. 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 | $2,089,694 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,499,444 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,832,908 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,108,936 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $891,184 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |
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.