2514 W 12 ST TX 78703
| Owner | SUNGLOW HOLDINGS LLC |
|---|---|
| Parcel ID | 0113060610 |
| Short ID | 112900 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,591 SF |
| Land SF | 13,721 SF |
| Acres | 0.315 |
| Year Built | 1957 |
| Legal | ABS 697 SUR 7 SPEAR G W ACR .315 |
| Neighborhood | 05CEN |
| Land | $1,097,712 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,097,712 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $910,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $910,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $910,000 |
| Taxable Value | $910,000 |
|---|
Appreciation: Market value has risen +17.9% from $771,980 (2021) to $910,000 (2025), a CAGR of 4.2% 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 $18,623. 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 121% of market value ($1,097,712 land vs $0 improvements), about $80/SF of land. With value concentrated in the land under a ~69-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 $910,000, 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 +4.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,117,727 by 2030, with an estimated annual tax burden around $21,055. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 3,591 SF | ✓ |
| 551 | PAVED AREA | 3,150 SF | ✗ |
| 591 | MASONRY TRIM SF | 1,200 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 798 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 539 | FENCE FV | 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% | $8,419.32 | $8,419.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,768.55 | $4,768.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,420.19 | $3,420.19 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,074.01 | $1,074.01 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $940.94 | $940.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,623.01 | $18,623.01 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,149,120 | $910,000 | +26.3% |
| Assessed Value | $1,092,000 | $910,000 | +20.0% |
| Land Value | $1,097,712 | $1,097,712 | +0.0% |
| Improvement Value | $51,408 | — | — |
| Taxable Value | $1,092,000 | $910,000 | +20.0% |
| HS Cap Loss | -$57,120 | — | |
| Total Tax 2026 = estimate |
~$22,348
Estimated
|
~$18,623
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,149,120 | $1,149,120 | +0 (+0.0%) |
| Taxable Value | $1,092,000 | $1,092,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,149,120 | $1,097,712 | $51,408 | −$57,120 | $1,092,000 | $1,092,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $910,000 | $1,097,712 | — | — | $910,000 | $910,000 | ~$18,623 | Partial |
| 2024 | $1,184,801 | — | — | −$87,089 | $1,097,712 | $— | $22,075 | Verified |
| 2023 | $782,419 | — | — | — | $1,097,712 ! | $— | $21,436 | Verified |
| 2022 | $777,298 | — | — | −$63,785 | $713,513 | $— | $15,452 | Verified |
| 2021 | $771,980 | — | — | −$58,467 | $713,513 | $— | $16,919 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +26.3% | +20.0% | 95.0% | Not available | Partial |
| 2025 | -19.6% | -19.6% | ~100% | Not available | Partial |
| 2024 | -4.5% | -4.5% | ~100% | 1.9500% | Verified |
| 2023 | +45.1% | +45.1% | ~100% | 1.8100% | Verified |
| 2022 | +5.0% | +5.0% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +17.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +26.3% | +11.2% | -0.1% | +51.4% | 2024 | -23.2% | 2025 |
| Assessment Ratio | 95.0% | 102.0% | — | 140.3% | 2023 | 91.8% | 2022 |
| 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 |
$18,623 | $18,901 | ~$20,069 | $22,075 | 2024 | $15,452 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$948,201 | ~$948,201 | ~2.0139% | ~$19,096 | +4.2% |
| 2027 | ~$988,005 | ~$988,005 | ~1.9814% | ~$19,576 | +8.6% |
| 2028 | ~$1,029,480 | ~$1,029,480 | ~1.9488% | ~$20,063 | +13.1% |
| 2029 | ~$1,072,696 | ~$1,072,696 | ~1.9163% | ~$20,556 | +17.9% |
| 2030 | ~$1,117,727 | ~$1,117,727 | ~1.8837% | ~$21,055 | +22.8% |
| 2026 | ~$930,001 | ~$930,001 | ~2.0465% | ~$19,032 | +2.2% |
| 2027 | ~$950,441 | ~$950,441 | ~2.0465% | ~$19,451 | +4.4% |
| 2028 | ~$971,330 | ~$971,330 | ~2.0465% | ~$19,878 | +6.7% |
| 2029 | ~$992,679 | ~$992,679 | ~2.0465% | ~$20,315 | +9.1% |
| 2030 | ~$1,014,497 | ~$1,014,497 | ~2.0465% | ~$20,762 | +11.5% |
| 2026 | ~$966,401 | ~$966,401 | ~1.9977% | ~$19,305 | +6.2% |
| 2027 | ~$1,026,297 | ~$1,026,297 | ~1.9488% | ~$20,001 | +12.8% |
| 2028 | ~$1,089,905 | ~$1,089,905 | ~1.9000% | ~$20,708 | +19.8% |
| 2029 | ~$1,157,456 | ~$1,157,456 | ~1.8512% | ~$21,427 | +27.2% |
| 2030 | ~$1,229,194 | ~$1,229,194 | ~1.8024% | ~$22,155 | +35.1% |
In 2025, this property's market value of $910,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +75% 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 | $910,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,184,801 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $782,419 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $777,298 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $771,980 | $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.