1205 LORRAIN ST TX 78703
| Owner | TULLY JOHN DAVID & LISA & |
|---|---|
| Parcel ID | 0110011209 |
| Short ID | 109143 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 3,824 SF |
| Land SF | 8,006 SF |
| Acres | 0.184 |
| Year Built | 1956 |
| Legal | LOT 3 BLK G OLT 7 DIV Z SHELLEY HEIGHTS |
| Neighborhood | Z3005 |
| Land | $843,858 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $843,858 |
| Improvement | $594,502 |
|---|---|
| Total Improvement | $594,502 |
| Market | $1,438,360 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,438,360 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,438,360 |
| Exemptions (−) (HS,OV65) | −$172,656 |
|---|---|
| Taxable Value | $1,265,704 |
Appreciation: Market value has risen +22.6% from $1,173,400 (2021) to $1,438,360 (2025), a CAGR of 5.2% 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. Over the same span, the median Multi-Family parcel countywide rose +37.9%, so this parcel has lagged 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 $25,902. Austin ISD is the largest single contributor, at 41.3% 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 59% of market value ($843,858 land vs $594,502 improvements), about $105/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,438,360, 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 +5.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,855,216 by 2030, with an estimated annual tax burden around $34,947. 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 | 3,824 SF | ✗ |
| 2ND | 2nd Floor | 2,262 SF | ✓ |
| 1ST | 1st Floor | 1,562 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 620 SF | ✓ |
| 513 | DECK COVERED | 54 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $9,840.17 | $9,840.17 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,504.70 | $6,504.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,757.09 | $4,757.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,469.05 | $1,469.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,235.25 | $1,235.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,806.26 | $23,806.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,198,852 | $1,438,360 | -16.7% |
| Assessed Value | $1,198,852 | $1,438,360 | -16.7% |
| Land Value | $787,600 | $843,858 | -6.7% |
| Improvement Value | $411,252 | $594,502 | -30.8% |
| Taxable Value | $1,041,168 | $1,265,704 | -17.7% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$21,307
Estimated
|
~$23,806
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,500,942 | $1,198,852 | -302,090 (-20.1%) |
| Taxable Value | $1,325,197 | $1,041,168 | -284,029 (-21.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,198,852 | $787,600 | $411,252 | — | $1,198,852 | $1,041,168 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,438,360 | $843,858 | $594,502 | — | $1,438,360 | $1,265,704 | ~$23,806 | Partial |
| 2024 | $1,588,800 | — | — | −$838,800 | $750,000 | $— | $25,841 | Verified |
| 2023 | $1,507,845 | — | — | −$682,845 | $825,000 | $— | $23,960 | Verified |
| 2022 | $1,248,500 | — | — | −$423,500 | $825,000 | $— | $25,599 | Verified |
| 2021 | $1,173,400 | — | — | −$623,400 | $550,000 | $— | $26,355 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.4% | +4.4% | ~100% | Not available | Partial |
| 2025 | -8.6% | -8.6% | ~100% | Not available | Partial |
| 2024 | -1.0% | +3.8% | ~100% | 1.6400% | Verified |
| 2023 | +5.4% | +8.7% | 95.4% | 1.5100% | Verified |
| 2022 | +20.8% | +11.6% | 92.4% | 1.7000% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -16.7% | +1.3% | +9.4% | +20.8% | 2023 | -16.7% | 2026 |
| Assessment Ratio | 100.0% | 69.1% | — | 100.0% | 2025 | 46.9% | 2021 |
| Effective Tax Rate (2025) | 1.6600% | 1.6600% | — | 1.6600% | 2025 | 1.6600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$23,806 | $25,112 | ~$32,685 | $26,355 | 2021 | $23,806 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,513,467 | ~$1,513,467 | ~2.0139% | ~$30,480 | +5.2% |
| 2027 | ~$1,592,496 | ~$1,592,496 | ~1.9814% | ~$31,554 | +10.7% |
| 2028 | ~$1,675,652 | ~$1,675,652 | ~1.9488% | ~$32,656 | +16.5% |
| 2029 | ~$1,763,149 | ~$1,763,149 | ~1.9163% | ~$33,787 | +22.6% |
| 2030 | ~$1,855,216 | ~$1,855,216 | ~1.8837% | ~$34,947 | +29.0% |
| 2026 | ~$1,484,700 | ~$1,484,700 | ~2.0465% | ~$30,384 | +3.2% |
| 2027 | ~$1,532,533 | ~$1,532,533 | ~2.0465% | ~$31,363 | +6.5% |
| 2028 | ~$1,581,907 | ~$1,581,907 | ~2.0465% | ~$32,373 | +10.0% |
| 2029 | ~$1,632,871 | ~$1,632,871 | ~2.0465% | ~$33,416 | +13.5% |
| 2030 | ~$1,685,478 | ~$1,685,478 | ~2.0465% | ~$34,493 | +17.2% |
| 2026 | ~$1,542,234 | ~$1,542,234 | ~1.9977% | ~$30,809 | +7.2% |
| 2027 | ~$1,653,610 | ~$1,653,610 | ~1.9488% | ~$32,226 | +15.0% |
| 2028 | ~$1,773,029 | ~$1,773,029 | ~1.9000% | ~$33,688 | +23.3% |
| 2029 | ~$1,901,072 | ~$1,901,072 | ~1.8512% | ~$35,193 | +32.2% |
| 2030 | ~$2,038,362 | ~$2,038,362 | ~1.8024% | ~$36,739 | +41.7% |
In 2025, this property's market value of $1,438,360 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +177% 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 | $1,438,360 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,588,800 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,507,845 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,248,500 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,173,400 | $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.