1108 ELM ST AUSTIN, TX 78703
| Owner | RICE CHARLES THEODORE & |
|---|---|
| Parcel ID | 0110020201 |
| Short ID | 109164 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,604 SF |
| Land SF | 7,632 SF |
| Acres | 0.175 |
| Year Built | 1923 |
| Legal | LOT 11 BLK 5 OLT 4 DIV Z SHELLEY HEIGHTS 2 |
| Neighborhood | Z3005 |
| Land | $627,644 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $627,644 |
| Improvement | $405,938 |
|---|---|
| Total Improvement | $405,938 |
| Market | $1,033,582 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,033,582 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,033,582 |
| Exemptions (−) (HS) | −$103,358 |
|---|---|
| Taxable Value | $930,224 |
Appreciation: Market value has risen +34.9% from $766,208 (2021) to $1,033,582 (2025), a CAGR of 7.8% 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 $19,037. Austin ISD is the largest single contributor, at 45.8% 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 61% of market value ($627,644 land vs $405,938 improvements), about $82/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,033,582, 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 +7.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,502,598 by 2030, with an estimated annual tax burden around $28,305. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,604 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,604 SF | ✗ |
| SO | Sketch Only | 1,038 SF | ✗ |
| ATTIC | Attic | 870 SF | ✓ |
| UBSMT | Unfinished Basement | 168 SF | ✓ |
| 612 | TERRACE UNCOVERD | 168 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 128 SF | ✗ |
| 251 | BATHROOM | 2 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% | $8,915.06 | $8,915.06 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,874.53 | $4,874.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,496.20 | $3,496.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,097.88 | $1,097.88 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,063.38 | $1,063.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,447.05 | $19,447.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $650,000 | $1,033,582 | -37.1% |
| Assessed Value | $650,000 | $1,033,582 | -37.1% |
| Land Value | $585,801 | $627,644 | -6.7% |
| Improvement Value | $64,199 | $405,938 | -84.2% |
| Taxable Value | $585,000 | $930,224 | -37.1% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$11,972
Estimated
|
~$19,447
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $775,092 | $650,000 | -125,092 (-16.1%) |
| Taxable Value | $697,583 | $585,000 | -112,583 (-16.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $650,000 | $585,801 | $64,199 | — | $650,000 | $585,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,033,582 | $627,644 | $405,938 | — | $1,033,582 | $930,224 | ~$19,447 | Partial |
| 2024 | $1,256,007 | — | — | −$693,507 | $562,500 | $— | $16,803 | Verified |
| 2023 | $1,146,121 | — | — | −$555,496 | $590,625 | $— | $13,871 | Verified |
| 2022 | $743,184 | — | — | −$152,559 | $590,625 | $— | $14,300 | Verified |
| 2021 | $766,208 | — | — | −$372,458 | $393,750 | $— | $14,402 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -25.0% | -25.0% | ~100% | Not available | Partial |
| 2025 | -15.5% | +4.5% | ~100% | Not available | Partial |
| 2024 | -2.6% | +10.0% | 80.8% | 1.3700% | Verified |
| 2023 | +9.6% | +10.0% | 71.6% | 1.1000% | Verified |
| 2022 | +54.2% | +10.0% | 71.3% | 1.2500% | Verified |
| 2021 | base year | — | ~100% | 1.8800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +39.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -37.1% | +1.2% | +20.5% | +54.2% | 2023 | -37.1% | 2026 |
| Assessment Ratio | 100.0% | 71.2% | — | 100.0% | 2025 | 44.8% | 2024 |
| Effective Tax Rate (2025) | 1.8800% | 1.8800% | — | 1.8800% | 2025 | 1.8800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,447 | $15,765 | ~$25,291 | $19,447 | 2025 | $13,871 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,113,896 | ~$1,113,896 | ~2.0139% | ~$22,433 | +7.8% |
| 2027 | ~$1,200,450 | ~$1,200,450 | ~1.9814% | ~$23,786 | +16.1% |
| 2028 | ~$1,293,730 | ~$1,293,730 | ~1.9488% | ~$25,213 | +25.2% |
| 2029 | ~$1,394,258 | ~$1,394,258 | ~1.9163% | ~$26,718 | +34.9% |
| 2030 | ~$1,502,598 | ~$1,502,598 | ~1.8837% | ~$28,305 | +45.4% |
| 2026 | ~$1,093,224 | ~$1,093,224 | ~2.0465% | ~$22,373 | +5.8% |
| 2027 | ~$1,156,308 | ~$1,156,308 | ~2.0465% | ~$23,664 | +11.9% |
| 2028 | ~$1,223,031 | ~$1,223,031 | ~2.0465% | ~$25,029 | +18.3% |
| 2029 | ~$1,293,605 | ~$1,293,605 | ~2.0465% | ~$26,473 | +25.2% |
| 2030 | ~$1,368,252 | ~$1,368,252 | ~2.0465% | ~$28,001 | +32.4% |
| 2026 | ~$1,134,567 | ~$1,134,567 | ~1.9977% | ~$22,665 | +9.8% |
| 2027 | ~$1,245,419 | ~$1,245,419 | ~1.9488% | ~$24,271 | +20.5% |
| 2028 | ~$1,367,102 | ~$1,367,102 | ~1.9000% | ~$25,975 | +32.3% |
| 2029 | ~$1,500,673 | ~$1,500,673 | ~1.8512% | ~$27,780 | +45.2% |
| 2030 | ~$1,647,295 | ~$1,647,295 | ~1.8024% | ~$29,690 | +59.4% |
In 2025, this property's market value of $1,033,582 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +99% 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 | $1,033,582 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,256,007 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,146,121 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $743,184 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $766,208 | $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.