1643 W 12 ST TX 78703
| Owner | BURCK JARED FRANKLIN |
|---|---|
| Parcel ID | 0111030517 |
| Short ID | 110114 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,418 SF |
| Land SF | 7,262 SF |
| Acres | 0.167 |
| Year Built | 1988 |
| Legal | LOT 1 R N R ADDN |
| Neighborhood | Z3005 |
| Land | $829,913 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $829,913 |
| Improvement | $196,326 |
|---|---|
| Total Improvement | $196,326 |
| Market | $1,026,239 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,026,239 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,026,239 |
| Taxable Value | $1,026,239 |
|---|
Appreciation: Market value has risen +19.3% from $860,000 (2021) to $1,026,239 (2025), a CAGR of 4.5% 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 $21,002. 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 81% of market value ($829,913 land vs $196,326 improvements), about $114/SF of land. With value concentrated in the land under a ~38-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 $1,026,239, 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 +4.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,279,930 by 2030, with an estimated annual tax burden around $24,111. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,418 SF | ✗ |
| 1ST | 1st Floor | 1,216 SF | ✓ |
| 2ND | 2nd Floor | 1,202 SF | ✓ |
| 512 | DECK UNCOVRED | 480 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 64 SF | ✗ |
| 251 | BATHROOM | 4 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% | $9,494.76 | $9,494.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,377.67 | $5,377.67 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,857.07 | $3,857.07 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,211.20 | $1,211.20 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,061.13 | $1,061.13 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,001.83 | $21,001.83 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $897,080 | $1,026,239 | -12.6% |
| Assessed Value | $897,080 | $1,026,239 | -12.6% |
| Land Value | $774,585 | $829,913 | -6.7% |
| Improvement Value | $122,495 | $196,326 | -37.6% |
| Taxable Value | $897,080 | $1,026,239 | -12.6% |
| Total Tax 2026 = estimate |
~$18,359
Estimated
|
~$21,002
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $897,080 | $897,080 | +0 (+0.0%) |
| Taxable Value | $897,080 | $897,080 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $897,080 | $774,585 | $122,495 | — | $897,080 | $897,080 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,026,239 | $829,913 | $196,326 | — | $1,026,239 | $1,026,239 | ~$21,002 | Partial |
| 2024 | $1,258,222 | — | — | −$508,222 | $750,000 | $— | $22,757 | Verified |
| 2023 | $1,204,226 | — | — | −$416,726 | $787,500 | $— | $22,764 | Verified |
| 2022 | $840,000 | — | — | −$52,500 | $787,500 | $— | $23,783 | Verified |
| 2021 | $860,000 | — | — | −$335,000 | $525,000 | $— | $18,284 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.6% | -12.6% | ~100% | Not available | Partial |
| 2025 | -10.6% | -10.6% | ~100% | Not available | Partial |
| 2024 | -8.7% | -8.7% | ~100% | 1.9800% | Verified |
| 2023 | -5.8% | -5.8% | ~100% | 1.8100% | Verified |
| 2022 | +59.1% | +59.1% | ~100% | 1.7800% | Verified |
| 2021 | base year | — | ~100% | 2.1300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.6% | +2.9% | +7.5% | +43.4% | 2023 | -18.4% | 2025 |
| Assessment Ratio | 100.0% | 80.0% | — | 100.0% | 2025 | 59.6% | 2024 |
| 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 |
$21,002 | $21,718 | ~$22,845 | $23,783 | 2022 | $18,284 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,072,596 | ~$1,072,596 | ~2.0139% | ~$21,601 | +4.5% |
| 2027 | ~$1,121,046 | ~$1,121,046 | ~1.9814% | ~$22,212 | +9.2% |
| 2028 | ~$1,171,686 | ~$1,171,686 | ~1.9488% | ~$22,834 | +14.2% |
| 2029 | ~$1,224,612 | ~$1,224,612 | ~1.9163% | ~$23,467 | +19.3% |
| 2030 | ~$1,279,930 | ~$1,279,930 | ~1.8837% | ~$24,111 | +24.7% |
| 2026 | ~$1,052,071 | ~$1,052,071 | ~2.0465% | ~$21,530 | +2.5% |
| 2027 | ~$1,078,553 | ~$1,078,553 | ~2.0465% | ~$22,072 | +5.1% |
| 2028 | ~$1,105,702 | ~$1,105,702 | ~2.0465% | ~$22,628 | +7.7% |
| 2029 | ~$1,133,534 | ~$1,133,534 | ~2.0465% | ~$23,198 | +10.5% |
| 2030 | ~$1,162,066 | ~$1,162,066 | ~2.0465% | ~$23,782 | +13.2% |
| 2026 | ~$1,093,120 | ~$1,093,120 | ~1.9977% | ~$21,837 | +6.5% |
| 2027 | ~$1,164,361 | ~$1,164,361 | ~1.9488% | ~$22,692 | +13.5% |
| 2028 | ~$1,240,244 | ~$1,240,244 | ~1.9000% | ~$23,565 | +20.9% |
| 2029 | ~$1,321,072 | ~$1,321,072 | ~1.8512% | ~$24,456 | +28.7% |
| 2030 | ~$1,407,168 | ~$1,407,168 | ~1.8024% | ~$25,362 | +37.1% |
In 2025, this property's market value of $1,026,239 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +97% 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 | $1,026,239 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,258,222 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,204,226 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $840,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $860,000 | $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.