501 WEST AVE 2504 TX 78701
| Owner | SF REVOCABLE TRUST |
|---|---|
| Parcel ID | 0107003404 |
| Short ID | 901466 |
| Type | Real |
| Use Code | 22 Hi-Rise Condo / Apartment |
| Valuation | Income |
| Improvement SF | 2,009 SF |
| Land SF | 125 SF |
| Acres | 0.003 |
| Year Built | 2018 |
| Legal | UNT 2504 FIFTH & WEST RESIDENCES CONDOMINIUM PLUS .7481 % INT IN COM AREA |
| Neighborhood | Z15W99C |
| Land | $28,148 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $28,148 |
| Improvement | $1,878,343 |
|---|---|
| Total Improvement | $1,878,343 |
| Market | $1,906,491 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,906,491 |
| Value Limitation Adjustment (−) (homestead cap) | −$225,737 |
| Net Appraised (assessed) | $1,680,754 |
| Exemptions (−) (DP,HS) | −$479,371 |
|---|---|
| Taxable Value | $1,201,383 |
Appreciation: Market value has risen +31.7% from $1,448,087 (2021) to $1,906,491 (2025), a CAGR of 7.1% 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.
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 $24,586. Austin ISD is the largest single contributor, at 39.5% of the total 2025 levy.
Assessment Gap: Assessed value ($1,680,754) is $225,737 below market value, suggesting potential for an upward assessment in future years.
Asset Class: O. 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 1% of market value ($28,148 land vs $1,878,343 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age (~8 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +7.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,688,654 by 2030, with an estimated annual tax burden around $50,647. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,009 SF | ✓ |
| 613C | TERRACE COVERED COMM | 67 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 252 | BEDROOMS | 3 SF | ✓ |
Market value changed by 83% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $8,457.39 | $8,457.39 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,039.84 | $6,039.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,515.34 | $4,515.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,368.36 | $1,368.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,014.44 | $1,014.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,395.37 | $21,395.37 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,235,000 | $1,906,491 | -35.2% |
| Assessed Value | $1,235,000 | $1,680,754 | -26.5% |
| Land Value | $78,530 | $28,148 | +179.0% |
| Improvement Value | $1,156,470 | $1,878,343 | -38.4% |
| Taxable Value | $842,731 | $1,201,383 | -29.9% |
| Exemptions | DP,HS | DP,HS | |
| Total Tax 2026 = estimate |
~$17,246
Estimated
|
~$21,395
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,625,560 | $1,235,000 | -390,560 (-24.0%) |
| Taxable Value | $1,157,228 | $842,731 | -314,497 (-27.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,235,000 | $78,530 | $1,156,470 | — | $1,235,000 | $842,731 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,906,491 | $28,148 | $1,878,343 | −$225,737 | $1,680,754 | $1,201,383 | ~$21,395 | Partial |
| 2024 | $2,149,205 | — | — | −$2,121,057 | $28,148 | $— | $20,656 | Verified |
| 2023 | $2,149,205 | — | — | −$2,121,057 | $28,148 | $— | $19,062 | Verified |
| 2022 | $1,176,124 | — | — | −$1,147,976 | $28,148 | $— | $20,842 | Verified |
| 2021 | $1,448,087 | — | — | −$1,419,940 | $28,147 | $— | $24,255 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -14.7% | -3.3% | ~100% | Not available | Partial |
| 2025 | -9.7% | +10.0% | 88.2% | Not available | Partial |
| 2024 | -1.8% | +10.0% | 72.4% | 0.9800% | Verified |
| 2023 | +0.0% | +10.0% | 64.6% | 0.8900% | Verified |
| 2022 | +82.7% ! | +7.4% | 58.8% | 0.9700% | Verified |
| 2021 | base year | — | ~100% | 1.6700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +62.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -35.2% | +3.5% | +18.8% | +82.7% | 2023 | -35.2% | 2026 |
| Assessment Ratio | 100.0% | 32.5% | — | 100.0% | 2026 | 1.3% | 2023 |
| Effective Tax Rate (2025) | 1.1200% | 1.1200% | — | 1.1200% | 2025 | 1.1200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$21,395 | $21,242 | ~$43,786 | $24,255 | 2021 | $19,062 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,042,184 | ~$1,848,829 | ~2.0139% | ~$37,234 | +7.1% |
| 2027 | ~$2,187,534 | ~$2,033,712 | ~1.9814% | ~$40,296 | +14.7% |
| 2028 | ~$2,343,230 | ~$2,237,084 | ~1.9488% | ~$43,597 | +22.9% |
| 2029 | ~$2,510,007 | ~$2,460,792 | ~1.9163% | ~$47,156 | +31.7% |
| 2030 | ~$2,688,654 | ~$2,688,654 | ~1.8837% | ~$50,647 | +41.0% |
| 2026 | ~$2,004,054 | ~$1,848,829 | ~2.0465% | ~$37,836 | +5.1% |
| 2027 | ~$2,106,609 | ~$2,033,712 | ~2.0465% | ~$41,620 | +10.5% |
| 2028 | ~$2,214,413 | ~$2,214,413 | ~2.0465% | ~$45,318 | +16.2% |
| 2029 | ~$2,327,733 | ~$2,327,733 | ~2.0465% | ~$47,637 | +22.1% |
| 2030 | ~$2,446,853 | ~$2,446,853 | ~2.0465% | ~$50,074 | +28.3% |
| 2026 | ~$2,080,313 | ~$1,848,829 | ~1.9977% | ~$36,933 | +9.1% |
| 2027 | ~$2,269,984 | ~$2,033,712 | ~1.9488% | ~$39,634 | +19.1% |
| 2028 | ~$2,476,947 | ~$2,237,084 | ~1.9000% | ~$42,505 | +29.9% |
| 2029 | ~$2,702,781 | ~$2,460,792 | ~1.8512% | ~$45,554 | +41.8% |
| 2030 | ~$2,949,204 | ~$2,706,871 | ~1.8024% | ~$48,788 | +54.7% |
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.