2318 MORELOS ST TX 78702
| Owner | BLOCK 23 LP |
|---|---|
| Parcel ID | 0204100515 |
| Short ID | 192069 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 3,065 SF |
| Land SF | 7,500 SF |
| Acres | 0.172 |
| Year Built | 2023 |
| Legal | LOT 6 BLK 6 OLT 23&231/2 DIV A LINCOLN PLACE |
| Neighborhood | 1EC2 |
| Land | $562,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $562,500 |
| Improvement | $844,341 |
|---|---|
| Total Improvement | $844,341 |
| Market | $1,406,841 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,406,841 |
| Value Limitation Adjustment (−) (homestead cap) | −$345,737 |
| Net Appraised (assessed) | $1,061,104 |
| Taxable Value | $1,061,104 |
|---|
Appreciation: Market value has risen +188.6% from $487,500 (2021) to $1,406,841 (2025), a CAGR of 30.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant 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 $21,715. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,061,104) is $345,737 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. 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 40% of market value ($562,500 land vs $844,341 improvements), about $75/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,406,841, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +30.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,291,551 by 2030, with an estimated annual tax burden around $99,679. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,160 SF | ✗ |
| 095 | HVAC RESIDENTIAL | 3,065 SF | ✗ |
| 1ST | 1st Floor | 1,670 SF | ✓ |
| 2ND | 2nd Floor | 1,395 SF | ✓ |
| 061C | CARPORT ATT 1ST COMM | 425 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% | $9,817.33 | $9,817.33 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,560.37 | $5,560.37 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,988.11 | $3,988.11 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,252.35 | $1,252.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,097.18 | $1,097.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,715.34 | $21,715.34 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,001,375 | $1,406,841 | +42.3% |
| Assessed Value | $1,273,325 | $1,061,104 | +20.0% |
| Land Value | $562,500 | $562,500 | +0.0% |
| Improvement Value | $1,438,875 | $844,341 | +70.4% |
| Taxable Value | $1,273,325 | $1,061,104 | +20.0% |
| HS Cap Loss | -$728,050 | — | |
| Total Tax 2026 = estimate |
~$26,058
Estimated
|
~$21,715
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,001,375 | $2,001,375 | +0 (+0.0%) |
| Taxable Value | $1,273,325 | $1,273,325 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,001,375 | $562,500 | $1,438,875 | −$728,050 | $1,273,325 | $1,273,325 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,406,841 | $562,500 | $844,341 | −$345,737 | $1,061,104 | $1,061,104 | ~$21,715 | Partial |
| 2024 | $817,989 | — | — | −$255,489 | $562,500 | $— | $17,524 | Verified |
| 2023 | $— | — | — | — | $562,500 | $— | $14,799 | Verified |
| 2022 | $— | — | — | — | $562,500 | $— | $11,109 | Verified |
| 2021 | $487,500 | — | — | — | $487,500 | $— | $10,611 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +42.3% | +20.0% | 63.6% | Not available | Partial |
| 2025 | +59.1% | +20.0% | 75.4% | Not available | Partial |
| 2024 | +8.1% | +8.1% | ~100% | 1.9800% | Verified |
| 2023 | +45.4% | +45.4% | ~100% | 1.8100% | Verified |
| 2022 | +15.4% | +15.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +188.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +42.3% | +60.7% | +22.6% | +72.0% | 2025 | +42.3% | 2026 |
| Assessment Ratio | 63.6% | 77.0% | — | 100.0% | 2021 | 63.6% | 2026 |
| Effective Tax Rate (2025) | 1.5400% | 1.5400% | — | 1.5400% | 2025 | 1.5400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$21,715 | $16,617 | ~$64,493 | $21,715 | 2025 | $10,611 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,833,634 | ~$1,833,634 | ~2.0139% | ~$36,928 | +30.3% |
| 2027 | ~$2,389,903 | ~$2,389,903 | ~1.9814% | ~$47,353 | +69.9% |
| 2028 | ~$3,114,927 | ~$3,114,927 | ~1.9488% | ~$60,705 | +121.4% |
| 2029 | ~$4,059,901 | ~$4,059,901 | ~1.9163% | ~$77,800 | +188.6% |
| 2030 | ~$5,291,551 | ~$5,291,551 | ~1.8837% | ~$99,679 | +276.1% |
| 2026 | ~$1,805,497 | ~$1,805,497 | ~2.0465% | ~$36,949 | +28.3% |
| 2027 | ~$2,317,120 | ~$2,317,120 | ~2.0465% | ~$47,420 | +64.7% |
| 2028 | ~$2,973,722 | ~$2,973,722 | ~2.0465% | ~$60,857 | +111.4% |
| 2029 | ~$3,816,384 | ~$3,816,384 | ~2.0465% | ~$78,102 | +171.3% |
| 2030 | ~$4,897,831 | ~$4,897,831 | ~2.0465% | ~$100,233 | +248.1% |
| 2026 | ~$1,861,771 | ~$1,861,771 | ~1.9977% | ~$37,192 | +32.3% |
| 2027 | ~$2,463,811 | ~$2,463,811 | ~1.9488% | ~$48,016 | +75.1% |
| 2028 | ~$3,260,532 | ~$3,260,532 | ~1.9000% | ~$61,951 | +131.8% |
| 2029 | ~$4,314,890 | ~$4,314,890 | ~1.8512% | ~$79,877 | +206.7% |
| 2030 | ~$5,710,194 | ~$5,710,194 | ~1.8024% | ~$102,919 | +305.9% |
In 2025, this property's market value of $1,406,841 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 17× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $1,406,841 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $817,989 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $487,500 | $6,000 | $14,480 | $80,000 | ↑ 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.