2512 HARRIS BLVD TX 78703
| Owner | FELL CASE WESLEY & LINDSAY ANNE |
|---|---|
| Parcel ID | 0115010203 |
| Short ID | 114327 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,080 SF |
| Land SF | 8,556 SF |
| Acres | 0.196 |
| Year Built | 1937 |
| Legal | S 48.08 FT LOT 12 *& N 10 FT LOT 13 BLK 8 PEMBERTON HEIGHTS SEC 2 |
| Neighborhood | Z320005 |
| Land | $1,042,608 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,042,608 |
| Improvement | $441,480 |
|---|---|
| Total Improvement | $441,480 |
| Market | $1,484,088 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,484,088 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,484,088 |
| Exemptions (−) (HS) | −$296,818 |
|---|---|
| Taxable Value | $1,187,270 |
Appreciation: Market value has risen +95.2% from $760,372 (2021) to $1,484,088 (2025), a CAGR of 18.2% 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 $24,297. Austin ISD is the largest single contributor, at 47.8% 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 70% of market value ($1,042,608 land vs $441,480 improvements), about $122/SF of land. With value concentrated in the land under a ~89-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 $1,484,088, 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 +18.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,423,746 by 2030, with an estimated annual tax burden around $45,024. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,080 SF | ✗ |
| 1ST | 1st Floor | 1,050 SF | ✓ |
| 2ND | 2nd Floor | 1,030 SF | ✓ |
| 031 | GARAGE DET 1ST F | 540 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 35 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
Market value changed by 91% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $12,435.50 | $12,435.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,221.50 | $6,221.50 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,462.29 | $4,462.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,519.20 | $1,519.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,401.25 | $1,401.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $26,039.74 | $26,039.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,289,000 | $1,484,088 | -13.1% |
| Assessed Value | $1,289,000 | $1,484,088 | -13.1% |
| Land Value | $938,912 | $1,042,608 | -9.9% |
| Improvement Value | $350,088 | $441,480 | -20.7% |
| Taxable Value | $1,031,200 | $1,187,270 | -13.1% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$21,103
Estimated
|
~$26,040
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,289,000 | $1,289,000 | +0 (+0.0%) |
| Taxable Value | $1,031,200 | $1,031,200 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,289,000 | $938,912 | $350,088 | — | $1,289,000 | $1,031,200 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,484,088 | $1,042,608 | $441,480 | — | $1,484,088 | $1,187,270 | ~$26,040 | Partial |
| 2024 | $1,718,386 | — | — | −$718,386 | $1,000,000 | $— | $26,467 | Verified |
| 2023 | $1,925,246 | — | — | −$925,246 | $1,000,000 | $— | $27,288 | Verified |
| 2022 | $1,005,900 | — | — | −$5,900 | $1,000,000 | $— | $34,218 | Verified |
| 2021 | $760,372 | — | — | −$10,372 | $750,000 | $— | $21,895 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -13.1% | -13.1% | ~100% | Not available | Partial |
| 2025 | -2.8% | -2.8% | ~100% | Not available | Partial |
| 2024 | -11.1% | -11.1% | ~100% | 1.7300% | Verified |
| 2023 | -10.7% | -10.7% | ~100% | 1.5900% | Verified |
| 2022 | +91.4% ! | +91.4% | ~100% | 1.7800% | Verified |
| 2021 | base year | — | ~100% | 2.8800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +47.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.1% | +17.3% | +21.8% | +91.4% | 2023 | -13.6% | 2025 |
| Assessment Ratio | 100.0% | 84.7% | — | 100.0% | 2025 | 51.9% | 2023 |
| Effective Tax Rate (2025) | 1.7500% | 1.7500% | — | 1.7500% | 2025 | 1.7500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$26,040 | $27,182 | ~$38,723 | $34,218 | 2022 | $21,895 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,754,155 | ~$1,632,497 | ~2.0139% | ~$32,877 | +18.2% |
| 2027 | ~$2,073,368 | ~$1,795,746 | ~1.9814% | ~$35,581 | +39.7% |
| 2028 | ~$2,450,670 | ~$1,975,321 | ~1.9488% | ~$38,496 | +65.1% |
| 2029 | ~$2,896,631 | ~$2,172,853 | ~1.9163% | ~$41,638 | +95.2% |
| 2030 | ~$3,423,746 | ~$2,390,139 | ~1.8837% | ~$45,024 | +130.7% |
| 2026 | ~$1,724,474 | ~$1,632,497 | ~2.0465% | ~$33,409 | +16.2% |
| 2027 | ~$2,003,796 | ~$1,795,746 | ~2.0465% | ~$36,750 | +35.0% |
| 2028 | ~$2,328,361 | ~$1,975,321 | ~2.0465% | ~$40,425 | +56.9% |
| 2029 | ~$2,705,498 | ~$2,172,853 | ~2.0465% | ~$44,467 | +82.3% |
| 2030 | ~$3,143,721 | ~$2,390,139 | ~2.0465% | ~$48,914 | +111.8% |
| 2026 | ~$1,783,837 | ~$1,632,497 | ~1.9977% | ~$32,612 | +20.2% |
| 2027 | ~$2,144,128 | ~$1,795,746 | ~1.9488% | ~$34,996 | +44.5% |
| 2028 | ~$2,577,189 | ~$1,975,321 | ~1.9000% | ~$37,531 | +73.7% |
| 2029 | ~$3,097,717 | ~$2,172,853 | ~1.8512% | ~$40,224 | +108.7% |
| 2030 | ~$3,723,379 | ~$2,390,139 | ~1.8024% | ~$43,079 | +150.9% |
In 2025, this property's market value of $1,484,088 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +186% 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 | $1,484,088 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,718,386 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,925,246 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,005,900 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $760,372 | $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.