7517 HART LN TX 78731
| Owner | SIMPSON KELCEY C |
|---|---|
| Parcel ID | 0140010208 |
| Short ID | 138267 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 3,175 SF |
| Land SF | 22,366 SF |
| Acres | 0.513 |
| Year Built | 1981 |
| Legal | LOT 8 BLK N NORTHWEST HILLS NORTHWEST OAKS III AMENDED |
| Neighborhood | X1005 |
| Land | $732,779 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $732,779 |
| Improvement | $234,848 |
|---|---|
| Total Improvement | $234,848 |
| Market | $967,627 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $967,627 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $967,627 |
| Exemptions (−) (HS) | −$77,410 |
|---|---|
| Taxable Value | $890,217 |
Appreciation: Market value has risen +54.8% from $625,219 (2021) to $967,627 (2025), a CAGR of 11.5% 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 $18,218. Austin ISD is the largest single contributor, at 43.2% 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 76% of market value ($732,779 land vs $234,848 improvements), about $33/SF of land. With value concentrated in the land under a ~45-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 $967,627, 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 +11.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,670,332 by 2030, with an estimated annual tax burden around $29,356. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,175 SF | ✗ |
| 1ST | 1st Floor | 1,951 SF | ✓ |
| 2ND | 2nd Floor | 1,224 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 900 SF | ✓ |
| 512 | DECK UNCOVRED | 763 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 490 SF | ✗ |
| SO | Sketch Only | 273 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 120 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% | $7,657.21 | $7,657.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,664.89 | $4,664.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,345.84 | $3,345.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,050.66 | $1,050.66 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $995.36 | $995.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,713.96 | $17,713.96 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $985,261 | $967,627 | +1.8% |
| Assessed Value | $985,261 | $967,627 | +1.8% |
| Land Value | $768,190 | $732,779 | +4.8% |
| Improvement Value | $217,071 | $234,848 | -7.6% |
| Taxable Value | $906,440 | $890,217 | +1.8% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$18,550
Estimated
|
~$17,714
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $985,261 | $985,261 | +0 (+0.0%) |
| Taxable Value | $906,440 | $906,440 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $985,261 | $768,190 | $217,071 | — | $985,261 | $906,440 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $967,627 | $732,779 | $234,848 | — | $967,627 | $890,217 | ~$17,714 | Partial |
| 2024 | $1,131,169 | — | — | −$399,919 | $731,250 | $— | $19,183 | Verified |
| 2023 | $1,088,935 | — | — | −$357,685 | $731,250 | $— | $18,836 | Verified |
| 2022 | $735,456 | — | — | −$4,206 | $731,250 | $— | $20,341 | Verified |
| 2021 | $625,219 | — | — | −$175,219 | $450,000 | $— | $16,009 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.8% | +1.8% | ~100% | Not available | Partial |
| 2025 | -8.4% | -8.4% | ~100% | Not available | Partial |
| 2024 | -6.7% | -6.7% | ~100% | 1.8200% | Verified |
| 2023 | +3.9% | +3.9% | ~100% | 1.6700% | Verified |
| 2022 | +48.1% | +48.1% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 2.5600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.8% | +11.4% | +11.1% | +48.1% | 2023 | -14.5% | 2025 |
| Assessment Ratio | 100.0% | 83.9% | — | 100.0% | 2025 | 64.6% | 2024 |
| Effective Tax Rate (2025) | 1.8300% | 1.8300% | — | 1.8300% | 2025 | 1.8300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$17,714 | $18,416 | ~$25,248 | $20,341 | 2022 | $16,009 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,079,262 | ~$1,064,390 | ~2.0139% | ~$21,436 | +11.5% |
| 2027 | ~$1,203,777 | ~$1,170,829 | ~1.9814% | ~$23,199 | +24.4% |
| 2028 | ~$1,342,656 | ~$1,287,912 | ~1.9488% | ~$25,099 | +38.8% |
| 2029 | ~$1,497,558 | ~$1,416,703 | ~1.9163% | ~$27,148 | +54.8% |
| 2030 | ~$1,670,332 | ~$1,558,373 | ~1.8837% | ~$29,356 | +72.6% |
| 2026 | ~$1,059,910 | ~$1,059,910 | ~2.0465% | ~$21,691 | +9.5% |
| 2027 | ~$1,160,993 | ~$1,160,993 | ~2.0465% | ~$23,760 | +20.0% |
| 2028 | ~$1,271,717 | ~$1,271,717 | ~2.0465% | ~$26,025 | +31.4% |
| 2029 | ~$1,393,001 | ~$1,393,001 | ~2.0465% | ~$28,508 | +44.0% |
| 2030 | ~$1,525,851 | ~$1,525,851 | ~2.0465% | ~$31,226 | +57.7% |
| 2026 | ~$1,098,615 | ~$1,064,390 | ~1.9977% | ~$21,263 | +13.5% |
| 2027 | ~$1,247,334 | ~$1,170,829 | ~1.9488% | ~$22,818 | +28.9% |
| 2028 | ~$1,416,186 | ~$1,287,912 | ~1.9000% | ~$24,471 | +46.4% |
| 2029 | ~$1,607,895 | ~$1,416,703 | ~1.8512% | ~$26,226 | +66.2% |
| 2030 | ~$1,825,555 | ~$1,558,373 | ~1.8024% | ~$28,088 | +88.7% |
In 2025, this property's market value of $967,627 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +86% 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 | $967,627 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,131,169 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,088,935 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $735,456 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $625,219 | $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.