1605 PEASE RD TX 78703
| Owner | AUSTIN JSB LTD |
|---|---|
| Parcel ID | 0112020418 |
| Short ID | 112117 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,966 SF |
| Land SF | 15,210 SF |
| Acres | 0.349 |
| Year Built | 1956 |
| Legal | N 90 FT OF LOT 34 ENFIELD C |
| Neighborhood | 05CEN |
| Land | $1,521,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,521,000 |
| Improvement | $119,000 |
|---|---|
| Total Improvement | $119,000 |
| Market | $1,640,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,640,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,640,000 |
| Taxable Value | $1,640,000 |
|---|
Appreciation: Market value has risen +34.7% from $1,217,607 (2021) to $1,640,000 (2025), a CAGR of 7.7% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2023→2024), 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 $33,562. 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 income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 93% of market value ($1,521,000 land vs $119,000 improvements), about $100/SF of land. With value concentrated in the land under a ~70-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 $1,640,000, 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 +7.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,379,659 by 2030, with an estimated annual tax burden around $44,827. 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 | 2,753 SF | ✓ |
| 2ND | 2nd Floor | 2,213 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 1,300 SF | ✗ |
| 581C | STORAGE ATT COMM | 140 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 84 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 84 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 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% | $14,803.20 | $14,803.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,384.27 | $8,384.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,013.52 | $6,013.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,888.37 | $1,888.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,654.40 | $1,654.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $32,743.76 | $32,743.76 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,549,392 | $1,640,000 | -5.5% |
| Assessed Value | $1,549,392 | $1,640,000 | -5.5% |
| Land Value | $1,521,000 | $1,521,000 | +0.0% |
| Improvement Value | $28,392 | $119,000 | -76.1% |
| Taxable Value | $1,549,392 | $1,640,000 | -5.5% |
| Total Tax 2026 = estimate |
~$31,708
Estimated
|
~$32,744
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,549,392 | $1,549,392 | +0 (+0.0%) |
| Taxable Value | $1,549,392 | $1,549,392 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,549,392 | $1,521,000 | $28,392 | — | $1,549,392 | $1,549,392 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,640,000 | $1,521,000 | $119,000 | — | $1,640,000 | $1,640,000 | ~$32,744 | Partial |
| 2024 | $1,641,832 | — | — | −$120,832 | $1,521,000 | $— | $32,494 | Verified |
| 2023 | $1,300,375 | — | — | — | $1,521,000 ! | $— | $29,705 | Verified |
| 2022 | $1,217,607 | — | — | −$76,857 | $1,140,750 | $— | $25,681 | Verified |
| 2021 | $1,217,607 | — | — | −$76,857 | $1,140,750 | $— | $26,503 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.5% | -5.5% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -0.1% | -0.1% | ~100% | 1.9800% | Verified |
| 2023 | +26.3% | +26.3% | ~100% | 1.8100% | Verified |
| 2022 | +6.8% | +6.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +34.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.5% | +5.5% | +9.0% | +26.3% | 2024 | -5.5% | 2026 |
| Assessment Ratio | 100.0% | 99.5% | — | 117.0% | 2023 | 92.6% | 2024 |
| Effective Tax Rate (2025) | 2.0000% | 2.0000% | — | 2.0000% | 2025 | 2.0000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$32,744 | $29,425 | ~$40,082 | $32,744 | 2025 | $25,681 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,766,762 | ~$1,766,762 | ~2.0139% | ~$35,581 | +7.7% |
| 2027 | ~$1,903,322 | ~$1,903,322 | ~1.9814% | ~$37,712 | +16.1% |
| 2028 | ~$2,050,437 | ~$2,050,437 | ~1.9488% | ~$39,960 | +25.0% |
| 2029 | ~$2,208,923 | ~$2,208,923 | ~1.9163% | ~$42,329 | +34.7% |
| 2030 | ~$2,379,659 | ~$2,379,659 | ~1.8837% | ~$44,827 | +45.1% |
| 2026 | ~$1,733,962 | ~$1,733,962 | ~2.0465% | ~$35,485 | +5.7% |
| 2027 | ~$1,833,307 | ~$1,833,307 | ~2.0465% | ~$37,518 | +11.8% |
| 2028 | ~$1,938,344 | ~$1,938,344 | ~2.0465% | ~$39,668 | +18.2% |
| 2029 | ~$2,049,400 | ~$2,049,400 | ~2.0465% | ~$41,941 | +25.0% |
| 2030 | ~$2,166,818 | ~$2,166,818 | ~2.0465% | ~$44,344 | +32.1% |
| 2026 | ~$1,799,562 | ~$1,799,562 | ~1.9977% | ~$35,949 | +9.7% |
| 2027 | ~$1,974,648 | ~$1,974,648 | ~1.9488% | ~$38,483 | +20.4% |
| 2028 | ~$2,166,769 | ~$2,166,769 | ~1.9000% | ~$41,169 | +32.1% |
| 2029 | ~$2,377,583 | ~$2,377,583 | ~1.8512% | ~$44,014 | +45.0% |
| 2030 | ~$2,608,907 | ~$2,608,907 | ~1.8024% | ~$47,022 | +59.1% |
In 2025, this property's market value of $1,640,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 3× 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 | $1,640,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,641,832 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,300,375 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,217,607 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,217,607 | $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.