605 ALLEN ST TX 78702
| Owner | RAMIREZ ROY R & JOE RAMIREZ & |
|---|---|
| Parcel ID | 0202140607 |
| Short ID | 189922 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 5,592 SF |
| Land SF | 11,918 SF |
| Acres | 0.274 |
| Year Built | 1981 |
| Legal | LOT 4-5 BLK 2 OLT 15 DIV A PIPKIN ADDN |
| Neighborhood | 05EC |
| Land | $595,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $595,900 |
| Improvement | $522,500 |
|---|---|
| Total Improvement | $522,500 |
| Market | $1,118,400 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,118,400 |
| Value Limitation Adjustment (−) (homestead cap) | −$98,400 |
| Net Appraised (assessed) | $1,020,000 |
| Taxable Value | $1,020,000 |
|---|
Appreciation: Market value has risen +60.0% from $699,000 (2021) to $1,118,400 (2025), a CAGR of 12.5% 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $20,874. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,020,000) is $98,400 below market value, suggesting potential for an upward assessment in future years.
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 53% of market value ($595,900 land vs $522,500 improvements), about $50/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,118,400, 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 +12.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,012,552 by 2030, with an estimated annual tax burden around $30,945. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 5,500 SF | ✗ |
| 1ST | 1st Floor | 2,796 SF | ✓ |
| 2ND | 2nd Floor | 2,796 SF | ✓ |
| 591 | MASONRY TRIM SF | 500 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 320 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 128 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $9,437.04 | $9,437.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,344.97 | $5,344.97 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,833.62 | $3,833.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,203.83 | $1,203.83 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,054.68 | $1,054.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,874.14 | $20,874.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $890,000 | $1,118,400 | -20.4% |
| Assessed Value | $890,000 | $1,020,000 | -12.7% |
| Land Value | $595,900 | $595,900 | +0.0% |
| Improvement Value | $294,100 | $522,500 | -43.7% |
| Taxable Value | $890,000 | $1,020,000 | -12.7% |
| Total Tax 2026 = estimate |
~$18,214
Estimated
|
~$20,874
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,230,240 | $890,000 | -340,240 (-27.7%) |
| Taxable Value | $1,224,000 | $890,000 | -334,000 (-27.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $890,000 | $595,900 | $294,100 | — | $890,000 | $890,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,118,400 | $595,900 | $522,500 | −$98,400 | $1,020,000 | $1,020,000 | ~$20,874 | Partial |
| 2024 | $920,934 | — | — | −$325,034 | $595,900 | $— | $16,845 | Verified |
| 2023 | $838,800 | — | — | −$242,900 | $595,900 | $— | $16,662 | Verified |
| 2022 | $699,000 | — | — | −$103,100 | $595,900 | $— | $16,566 | Verified |
| 2021 | $699,000 | — | — | −$103,100 | $595,900 | $— | $15,215 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.0% | +20.0% | 99.5% | Not available | Partial |
| 2025 | +31.6% | +20.0% | 91.2% | Not available | Partial |
| 2024 | -7.9% | -7.9% | ~100% | 1.9800% | Verified |
| 2023 | +10.0% | +10.0% | ~100% | 1.8100% | Verified |
| 2022 | +20.0% | +20.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +60.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -20.4% | +6.2% | +18.2% | +21.4% | 2025 | -20.4% | 2026 |
| Assessment Ratio | 100.0% | 82.9% | — | 100.0% | 2026 | 64.7% | 2024 |
| Effective Tax Rate (2025) | 1.8700% | 1.8700% | — | 1.8700% | 2025 | 1.8700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$20,874 | $17,232 | ~$26,614 | $20,874 | 2025 | $15,215 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,257,845 | ~$1,122,000 | ~2.0139% | ~$22,596 | +12.5% |
| 2027 | ~$1,414,677 | ~$1,234,200 | ~1.9814% | ~$24,454 | +26.5% |
| 2028 | ~$1,591,062 | ~$1,357,620 | ~1.9488% | ~$26,458 | +42.3% |
| 2029 | ~$1,789,440 | ~$1,493,382 | ~1.9163% | ~$28,618 | +60.0% |
| 2030 | ~$2,012,552 | ~$1,642,720 | ~1.8837% | ~$30,945 | +79.9% |
| 2026 | ~$1,235,477 | ~$1,122,000 | ~2.0465% | ~$22,962 | +10.5% |
| 2027 | ~$1,364,810 | ~$1,234,200 | ~2.0465% | ~$25,258 | +22.0% |
| 2028 | ~$1,507,682 | ~$1,357,620 | ~2.0465% | ~$27,783 | +34.8% |
| 2029 | ~$1,665,510 | ~$1,493,382 | ~2.0465% | ~$30,562 | +48.9% |
| 2030 | ~$1,839,860 | ~$1,642,720 | ~2.0465% | ~$33,618 | +64.5% |
| 2026 | ~$1,280,213 | ~$1,122,000 | ~1.9977% | ~$22,414 | +14.5% |
| 2027 | ~$1,465,438 | ~$1,234,200 | ~1.9488% | ~$24,053 | +31.0% |
| 2028 | ~$1,677,461 | ~$1,357,620 | ~1.9000% | ~$25,795 | +50.0% |
| 2029 | ~$1,920,161 | ~$1,493,382 | ~1.8512% | ~$27,645 | +71.7% |
| 2030 | ~$2,197,975 | ~$1,642,720 | ~1.8024% | ~$29,608 | +96.5% |
In 2025, this property's market value of $1,118,400 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +115% 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 | $1,118,400 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $920,934 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $838,800 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $699,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $699,000 | $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.