518 S MEADOWLARK ST TX 78734
| Owner | MODUGU RAJASHEKHAR & KEERTHI CHALLABOTLA |
|---|---|
| Parcel ID | 0137680210 |
| Short ID | 134579 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 5,239 SF |
| Land SF | 20,720 SF |
| Acres | 0.476 |
| Year Built | 2014 |
| Legal | LOT 36 CARDINAL HILLS UNIT 3 |
| Neighborhood | R4100 |
| Land | $288,329 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $288,329 |
| Improvement | $1,097,700 |
|---|---|
| Total Improvement | $1,097,700 |
| Market | $1,386,029 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,386,029 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,386,029 |
| Taxable Value | $1,386,029 |
|---|
Appreciation: Market value has risen +120.0% from $630,000 (2021) to $1,386,029 (2025), a CAGR of 21.8% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 1.6800% in 2025 (+0.0211% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $23,285. Lake Travis ISD is the largest single contributor, at 61.9% 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 21% of market value ($288,329 land vs $1,097,700 improvements), about $14/SF of land. Most value sits in the improvements, so building condition, age (~12 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,386,029, 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 +21.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,713,745 by 2030, with an estimated annual tax burden around $32,586. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 5,239 SF | ✗ |
| 1ST | 1st Floor | 2,640 SF | ✓ |
| 2ND | 2nd Floor | 2,599 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 845 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 234 SF | ✗ |
| 513 | DECK COVERED | 168 SF | ✗ |
| 252 | BEDROOMS | 7 SF | ✓ |
| 251 | BATHROOM | 5 SF | ✓ |
| 250 | HALF BATHROOM | 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $14,410.54 | $14,410.54 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,209.32 | $5,209.32 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,635.83 | $1,635.83 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $1,252.96 | $1,252.96 | Paid |
| W17 WCID # 17 | 0.0568% | 0.0543% | 0.0533% | 0.0533% | 0.0560% | +0.0027% | $776.18 | $776.18 | Paid |
| Combined Rate | 1.8561% | 1.7700% | 1.6158% | 1.6589% | 1.6800% | +0.0211% | $23,284.83 | $23,284.83 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,228,804 | $1,386,029 | -11.3% |
| Assessed Value | $1,228,804 | $1,386,029 | -11.3% |
| Land Value | $288,329 | $288,329 | +0.0% |
| Improvement Value | $940,475 | $1,097,700 | -14.3% |
| Taxable Value | $1,228,804 | $1,386,029 | -11.3% |
| Total Tax 2026 = estimate |
~$20,644
Estimated
|
~$23,285
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,256,023 | $1,228,804 | -27,219 (-2.2%) |
| Taxable Value | $1,256,023 | $1,228,804 | -27,219 (-2.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,228,804 | $288,329 | $940,475 | — | $1,228,804 | $1,228,804 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,386,029 | $288,329 | $1,097,700 | — | $1,386,029 | $1,386,029 | ~$23,285 | Partial |
| 2024 | $1,185,433 | — | — | −$1,001,433 | $184,000 | $— | $22,993 | Verified |
| 2023 | $1,185,433 | — | — | −$1,025,433 | $160,000 | $— | $19,155 | Verified |
| 2022 | $960,000 | — | — | −$880,000 | $80,000 | $— | $20,982 | Verified |
| 2021 | $630,000 | — | — | −$550,000 | $80,000 | $— | $17,818 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.4% | -9.4% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +3.1% | +3.1% | ~100% | 1.6600% | Verified |
| 2023 | +13.4% | +13.4% | ~100% | 1.4300% | Verified |
| 2022 | +23.5% | +23.5% | ~100% | 1.7700% | Verified |
| 2021 | base year | — | ~100% | 2.8300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +44.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -11.3% | +16.3% | +24.9% | +52.4% | 2022 | -11.3% | 2026 |
| Assessment Ratio | 100.0% | 41.7% | — | 100.0% | 2025 | 8.3% | 2022 |
| Effective Tax Rate (2025) | 1.6800% | 1.6800% | — | 1.6800% | 2025 | 1.6800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$23,285 | $20,847 | ~$28,660 | $23,285 | 2025 | $17,818 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,688,030 | ~$1,524,632 | ~1.6359% | ~$24,942 | +21.8% |
| 2027 | ~$2,055,835 | ~$1,677,095 | ~1.5919% | ~$26,698 | +48.3% |
| 2028 | ~$2,503,780 | ~$1,844,805 | ~1.5479% | ~$28,555 | +80.6% |
| 2029 | ~$3,049,328 | ~$2,029,285 | ~1.5039% | ~$30,518 | +120.0% |
| 2030 | ~$3,713,745 | ~$2,232,214 | ~1.4598% | ~$32,586 | +167.9% |
| 2026 | ~$1,660,310 | ~$1,524,632 | ~1.6800% | ~$25,613 | +19.8% |
| 2027 | ~$1,988,868 | ~$1,677,095 | ~1.6800% | ~$28,175 | +43.5% |
| 2028 | ~$2,382,444 | ~$1,844,805 | ~1.6800% | ~$30,992 | +71.9% |
| 2029 | ~$2,853,905 | ~$2,029,285 | ~1.6800% | ~$34,091 | +105.9% |
| 2030 | ~$3,418,664 | ~$2,232,214 | ~1.6800% | ~$37,500 | +146.7% |
| 2026 | ~$1,715,751 | ~$1,524,632 | ~1.6139% | ~$24,606 | +23.8% |
| 2027 | ~$2,123,910 | ~$1,677,095 | ~1.5479% | ~$25,959 | +53.2% |
| 2028 | ~$2,629,167 | ~$1,844,805 | ~1.4818% | ~$27,337 | +89.7% |
| 2029 | ~$3,254,618 | ~$2,029,285 | ~1.4158% | ~$28,731 | +134.8% |
| 2030 | ~$4,028,858 | ~$2,232,214 | ~1.3498% | ~$30,129 | +190.7% |
In 2025, this property's market value of $1,386,029 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +167% 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 | $1,386,029 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,185,433 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,185,433 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $960,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $630,000 | $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.