905 ROBERT E LEE RD TX 78704
| Owner | BELLOCCHIO BRENDA |
|---|---|
| Parcel ID | 0104060202 |
| Short ID | 104017 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,865 SF |
| Land SF | 8,370 SF |
| Acres | 0.192 |
| Year Built | 1983 |
| Legal | LOT 3 BLK H SOUTH LUND PARK SEC 1 |
| Neighborhood | L1005 |
| Land | $1,174,425 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,174,425 |
| Improvement | $324,680 |
|---|---|
| Total Improvement | $324,680 |
| Market | $1,499,105 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,499,105 |
| Value Limitation Adjustment (−) (homestead cap) | −$154,438 |
| Net Appraised (assessed) | $1,344,667 |
| Exemptions (−) (HS,OV65) | −$364,182 |
|---|---|
| Taxable Value | $980,485 |
Appreciation: Market value has risen +118.5% from $686,000 (2021) to $1,499,105 (2025), a CAGR of 21.6% 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 $20,065. City of Austin is the largest single contributor, at 34.5% of the total 2025 levy.
Assessment Gap: Assessed value ($1,344,667) is $154,438 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 78% of market value ($1,174,425 land vs $324,680 improvements), about $140/SF of land. With value concentrated in the land under a ~43-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 $1,499,105, 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 +21.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,983,061 by 2030, with an estimated annual tax burden around $40,794. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,865 SF | ✗ |
| 2ND | 2nd Floor | 1,399 SF | ✓ |
| 1ST | 1st Floor | 1,146 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 500 SF | ✓ |
| 512 | DECK UNCOVRED | 434 SF | ✗ |
| 3RD | 3rd Floor | 320 SF | ✓ |
| 630 | PORCH CLOS FIN | 279 SF | ✓ |
| 051 | CARPORT DET 1ST | 273 SF | ✗ |
| 581 | STORAGE ATT | 131 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 52 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 1 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,882.29 | $4,882.29 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,685.10 | $3,685.10 | Paid |
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $3,652.93 | $3,652.93 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,107.65 | $1,107.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $842.28 | $842.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,170.25 | $14,170.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,424,010 | $1,499,105 | -5.0% |
| Assessed Value | $1,424,010 | $1,344,667 | +5.9% |
| Land Value | $1,174,425 | $1,174,425 | +0.0% |
| Improvement Value | $249,585 | $324,680 | -23.1% |
| Taxable Value | $1,039,507 | $980,485 | +6.0% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$21,273
Estimated
|
~$14,170
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,479,491 | $1,424,010 | -55,481 (-3.8%) |
| Taxable Value | $1,065,732 | $1,039,507 | -26,225 (-2.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,424,010 | $1,174,425 | $249,585 | — | $1,424,010 | $1,039,507 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,499,105 | $1,174,425 | $324,680 | −$154,438 | $1,344,667 | $980,485 | ~$14,170 | Partial |
| 2024 | $1,884,014 | — | — | −$440,264 | $1,443,750 | $— | $9,182 | Verified |
| 2023 | $1,368,486 | — | — | — | $1,443,750 ! | $— | $8,242 | Verified |
| 2022 | $834,148 | — | — | −$9,148 | $825,000 | $— | $10,889 | Verified |
| 2021 | $686,000 | — | — | −$136,000 | $550,000 | $— | $11,047 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.3% | +8.0% | 98.1% | Not available | Partial |
| 2025 | -15.3% | +33.9% | 89.7% | Not available | Partial |
| 2024 | -6.0% | +10.0% | 56.7% | 0.5200% | Verified |
| 2023 | +37.7% | +10.0% | 48.5% | 0.4400% | Verified |
| 2022 | +64.1% | +10.0% | 60.7% | 0.8000% | Verified |
| 2021 | base year | — | 90.5% | 1.6100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +79.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.0% | +19.6% | +22.9% | +64.1% | 2023 | -20.4% | 2025 |
| Assessment Ratio | 100.0% | 91.8% | — | 105.5% | 2023 | 76.6% | 2024 |
| Effective Tax Rate (2025) | 0.9500% | 0.9500% | — | 0.9500% | 2025 | 0.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$14,170 | $10,706 | ~$35,085 | $14,170 | 2025 | $8,242 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,822,674 | ~$1,479,134 | ~2.0139% | ~$29,789 | +21.6% |
| 2027 | ~$2,216,083 | ~$1,627,047 | ~1.9814% | ~$32,238 | +47.8% |
| 2028 | ~$2,694,406 | ~$1,789,752 | ~1.9488% | ~$34,879 | +79.7% |
| 2029 | ~$3,275,971 | ~$1,968,727 | ~1.9163% | ~$37,727 | +118.5% |
| 2030 | ~$3,983,061 | ~$2,165,600 | ~1.8837% | ~$40,794 | +165.7% |
| 2026 | ~$1,792,692 | ~$1,479,134 | ~2.0465% | ~$30,270 | +19.6% |
| 2027 | ~$2,143,776 | ~$1,627,047 | ~2.0465% | ~$33,297 | +43.0% |
| 2028 | ~$2,563,616 | ~$1,789,752 | ~2.0465% | ~$36,627 | +71.0% |
| 2029 | ~$3,065,679 | ~$1,968,727 | ~2.0465% | ~$40,290 | +104.5% |
| 2030 | ~$3,666,066 | ~$2,165,600 | ~2.0465% | ~$44,319 | +144.6% |
| 2026 | ~$1,852,656 | ~$1,479,134 | ~1.9977% | ~$29,548 | +23.6% |
| 2027 | ~$2,289,590 | ~$1,627,047 | ~1.9488% | ~$31,709 | +52.7% |
| 2028 | ~$2,829,570 | ~$1,789,752 | ~1.9000% | ~$34,006 | +88.8% |
| 2029 | ~$3,496,900 | ~$1,968,727 | ~1.8512% | ~$36,445 | +133.3% |
| 2030 | ~$4,321,615 | ~$2,165,600 | ~1.8024% | ~$39,032 | +188.3% |
In 2025, this property's market value of $1,499,105 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +188% above 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 | $1,499,105 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,884,014 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,368,486 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $834,148 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $686,000 | $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.