1506 PEASE RD TX 78703
| Owner | MILLER JEANNINE ARBON |
|---|---|
| Parcel ID | 0112020312 |
| Short ID | 112068 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,335 SF |
| Land SF | 9,529 SF |
| Acres | 0.219 |
| Year Built | 1979 |
| Legal | LOT 42 ENFIELD C |
| Neighborhood | Z320005 |
| Land | $864,663 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $864,663 |
| Improvement | $305,821 |
|---|---|
| Total Improvement | $305,821 |
| Market | $1,170,484 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,170,484 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,170,484 |
| Taxable Value | $1,170,484 |
|---|
Appreciation: Market value has risen +63.9% from $713,987 (2021) to $1,170,484 (2025), a CAGR of 13.2% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $23,954. 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 74% of market value ($864,663 land vs $305,821 improvements), about $91/SF of land. With value concentrated in the land under a ~47-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 $1,170,484, 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 +13.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,171,248 by 2030, with an estimated annual tax burden around $35,510. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,335 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,335 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 528 SF | ✓ |
| 612 | TERRACE UNCOVERD | 190 SF | ✗ |
| SO | Sketch Only | 190 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 44 SF | ✗ |
| 251 | BATHROOM | 4 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% | $10,829.32 | $10,829.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,133.54 | $6,133.54 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,399.21 | $4,399.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,381.44 | $1,381.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,210.28 | $1,210.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,953.79 | $23,953.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,025,000 | $1,170,484 | -12.4% |
| Assessed Value | $1,025,000 | $1,170,484 | -12.4% |
| Land Value | $941,105 | $864,663 | +8.8% |
| Improvement Value | $83,895 | $305,821 | -72.6% |
| Taxable Value | $1,025,000 | $1,170,484 | -12.4% |
| Total Tax 2026 = estimate |
~$20,976
Estimated
|
~$23,954
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,339,727 | $1,025,000 | -314,727 (-23.5%) |
| Taxable Value | $1,339,727 | $1,025,000 | -314,727 (-23.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,025,000 | $941,105 | $83,895 | — | $1,025,000 | $1,025,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,170,484 | $864,663 | $305,821 | — | $1,170,484 | $1,170,484 | ~$23,954 | Partial |
| 2024 | $1,300,781 | — | — | −$475,781 | $825,000 | $— | $23,197 | Verified |
| 2023 | $1,350,000 | — | — | −$250,000 | $1,100,000 | $— | $23,534 | Verified |
| 2022 | $928,199 | — | — | — | $1,100,000 ! | $— | $26,810 | Verified |
| 2021 | $713,987 | — | — | −$53,987 | $660,000 | $— | $20,204 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.5% | +14.5% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -10.0% | -10.0% | ~100% | 1.9800% | Verified |
| 2023 | -13.3% | -13.3% | ~100% | 1.8100% | Verified |
| 2022 | +61.6% | +61.6% | ~100% | 1.7900% | Verified |
| 2021 | base year | — | ~100% | 2.8300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +26.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.4% | +9.9% | +16.4% | +45.4% | 2023 | -12.4% | 2026 |
| Assessment Ratio | 100.0% | 92.6% | — | 118.5% | 2022 | 63.4% | 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 |
$23,954 | $23,540 | ~$30,541 | $26,810 | 2022 | $20,204 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,324,446 | ~$1,287,532 | ~2.0139% | ~$25,930 | +13.2% |
| 2027 | ~$1,498,660 | ~$1,416,286 | ~1.9814% | ~$28,062 | +28.0% |
| 2028 | ~$1,695,789 | ~$1,557,914 | ~1.9488% | ~$30,361 | +44.9% |
| 2029 | ~$1,918,848 | ~$1,713,706 | ~1.9163% | ~$32,840 | +63.9% |
| 2030 | ~$2,171,248 | ~$1,885,076 | ~1.8837% | ~$35,510 | +85.5% |
| 2026 | ~$1,301,036 | ~$1,287,532 | ~2.0465% | ~$26,349 | +11.2% |
| 2027 | ~$1,446,150 | ~$1,416,286 | ~2.0465% | ~$28,984 | +23.6% |
| 2028 | ~$1,607,450 | ~$1,557,914 | ~2.0465% | ~$31,882 | +37.3% |
| 2029 | ~$1,786,740 | ~$1,713,706 | ~2.0465% | ~$35,071 | +52.6% |
| 2030 | ~$1,986,028 | ~$1,885,076 | ~2.0465% | ~$38,578 | +69.7% |
| 2026 | ~$1,347,856 | ~$1,287,532 | ~1.9977% | ~$25,721 | +15.2% |
| 2027 | ~$1,552,106 | ~$1,416,286 | ~1.9488% | ~$27,601 | +32.6% |
| 2028 | ~$1,787,307 | ~$1,557,914 | ~1.9000% | ~$29,601 | +52.7% |
| 2029 | ~$2,058,151 | ~$1,713,706 | ~1.8512% | ~$31,724 | +75.8% |
| 2030 | ~$2,370,037 | ~$1,885,076 | ~1.8024% | ~$33,976 | +102.5% |
In 2025, this property's market value of $1,170,484 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +125% 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 | $1,170,484 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,300,781 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,350,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $928,199 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $713,987 | $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.