1505 W 12 ST TX 78703
| Owner | 1505 WEST 12TH STREET LLC |
|---|---|
| Parcel ID | 0110020219 |
| Short ID | 109181 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 3,030 SF |
| Land SF | 7,837 SF |
| Acres | 0.180 |
| Year Built | 1938 |
| Legal | LOT 10 BLK 5 OLT 4 DIV Z SHELLEY HEIGHTS 2 |
| Neighborhood | Z3005 |
| Land | $840,687 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $840,687 |
| Improvement | $285,015 |
|---|---|
| Total Improvement | $285,015 |
| Market | $1,125,702 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,125,702 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,125,702 |
| Taxable Value | $1,125,702 |
|---|
Appreciation: Market value has risen +13.8% from $989,100 (2021) to $1,125,702 (2025), a CAGR of 3.3% over 4 years. Growth has been relatively flat for this asset class. 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 $23,037. Austin ISD is the largest single contributor, at 45.2% 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 75% of market value ($840,687 land vs $285,015 improvements), about $107/SF of land. With value concentrated in the land under a ~88-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 $1,125,702, 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 +3.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,323,282 by 2030, with an estimated annual tax burden around $24,927. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,414 SF | ✓ |
| 2ND | 2nd Floor | 616 SF | ✓ |
| 051 | CARPORT DET 1ST | 424 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 121 SF | ✗ |
| 581 | STORAGE ATT | 54 SF | ✓ |
| 251 | BATHROOM | 6 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% | $10,414.99 | $10,414.99 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,898.87 | $5,898.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,230.89 | $4,230.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,328.59 | $1,328.59 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,163.98 | $1,163.98 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,037.32 | $23,037.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $940,404 | $1,125,702 | -16.5% |
| Assessed Value | $940,404 | $1,125,702 | -16.5% |
| Land Value | $784,641 | $840,687 | -6.7% |
| Improvement Value | $155,763 | $285,015 | -45.3% |
| Taxable Value | $940,404 | $1,125,702 | -16.5% |
| Total Tax 2026 = estimate |
~$19,245
Estimated
|
~$23,037
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $940,404 | $940,404 | +0 (+0.0%) |
| Taxable Value | $940,404 | $940,404 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $940,404 | $784,641 | $155,763 | — | $940,404 | $940,404 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,125,702 | $840,687 | $285,015 | — | $1,125,702 | $1,125,702 | ~$23,037 | Partial |
| 2024 | $1,200,000 | — | — | −$450,000 | $750,000 | $— | $26,384 | Verified |
| 2023 | $1,100,000 | — | — | −$312,500 | $787,500 | $— | $21,711 | Verified |
| 2022 | $897,812 | — | — | −$110,312 | $787,500 | $— | $21,724 | Verified |
| 2021 | $989,100 | — | — | −$464,100 | $525,000 | $— | $19,542 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -16.5% | -16.5% | ~100% | Not available | Partial |
| 2025 | -24.8% | -21.8% | ~100% | Not available | Partial |
| 2024 | -0.1% | -3.8% | 96.2% | 1.7600% | Verified |
| 2023 | +36.1% | +36.1% | ~100% | 1.4500% | Verified |
| 2022 | +22.5% | +22.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -16.5% | -0.1% | +7.4% | +22.5% | 2023 | -16.5% | 2026 |
| Assessment Ratio | 100.0% | 79.1% | — | 100.0% | 2025 | 53.1% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$23,037 | $22,480 | ~$24,172 | $26,384 | 2024 | $19,542 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,162,704 | ~$1,162,704 | ~2.0139% | ~$23,416 | +3.3% |
| 2027 | ~$1,200,923 | ~$1,200,923 | ~1.9814% | ~$23,795 | +6.7% |
| 2028 | ~$1,240,397 | ~$1,240,397 | ~1.9488% | ~$24,173 | +10.2% |
| 2029 | ~$1,281,170 | ~$1,281,170 | ~1.9163% | ~$24,551 | +13.8% |
| 2030 | ~$1,323,282 | ~$1,323,282 | ~1.8837% | ~$24,927 | +17.6% |
| 2026 | ~$1,140,190 | ~$1,140,190 | ~2.0465% | ~$23,334 | +1.3% |
| 2027 | ~$1,154,865 | ~$1,154,865 | ~2.0465% | ~$23,634 | +2.6% |
| 2028 | ~$1,169,728 | ~$1,169,728 | ~2.0465% | ~$23,938 | +3.9% |
| 2029 | ~$1,184,783 | ~$1,184,783 | ~2.0465% | ~$24,246 | +5.2% |
| 2030 | ~$1,200,032 | ~$1,200,032 | ~2.0465% | ~$24,558 | +6.6% |
| 2026 | ~$1,185,218 | ~$1,185,218 | ~1.9977% | ~$23,677 | +5.3% |
| 2027 | ~$1,247,881 | ~$1,247,881 | ~1.9488% | ~$24,319 | +10.9% |
| 2028 | ~$1,313,857 | ~$1,313,857 | ~1.9000% | ~$24,964 | +16.7% |
| 2029 | ~$1,383,321 | ~$1,383,321 | ~1.8512% | ~$25,608 | +22.9% |
| 2030 | ~$1,456,458 | ~$1,456,458 | ~1.8024% | ~$26,251 | +29.4% |
In 2025, this property's market value of $1,125,702 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +117% 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 | $1,125,702 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,200,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,100,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $897,812 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $989,100 | $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.