119 E 6 ST TX 78701
| Owner | GTT PARKING LP |
|---|---|
| Parcel ID | 0206030618 |
| Short ID | 758727 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | 166,132 SF |
| Land SF | 31,281 SF |
| Acres | 0.718 |
| Year Built | 1979 |
| Legal | LOT 7-10 BLOCK 056 ORIGINAL CITY PLUS VAC VALLEY |
| Neighborhood | 87004 |
| Land | $20,332,553 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $20,332,553 |
| Improvement | $4,054,830 |
|---|---|
| Total Improvement | $4,054,830 |
| Market | $24,387,383 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $24,387,383 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $24,387,383 |
| Taxable Value | $24,387,383 |
|---|
Appreciation: Market value has risen +1953.8% from $1,187,445 (2021) to $24,387,383 (2025), a CAGR of 112.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 $499,084. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
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 83% of market value ($20,332,553 land vs $4,054,830 improvements), about $650/SF of land. With value concentrated in the land under a ~47-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 $24,387,383, 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 +112.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,066,239,625 by 2030, with an estimated annual tax burden around $739,861. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 149,343 SF | ✓ |
| SO | Sketch Only | 97,407 SF | ✗ |
| 491 | SPRINKLER HEADS | 57,125 SF | ✗ |
| ADDL | Additional Floor | 19,744 SF | ✓ |
| FBSMT | Finished Basement | 6,388 SF | ✓ |
| 2ND | 2nd Floor | 6,145 SF | ✓ |
| 3RD | 3rd Floor | 4,256 SF | ✓ |
| 501 | CANOPY | 1,237 SF | ✗ |
| 276 | ELEVATOR COM PAS | 2 SF | ✓ |
| 579 | STORAGE DET FV | 2 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 305 | BALCONY FV | 1 SF | ✓ |
| 509 | CANOPY FV | 1 SF | ✗ |
Market value changed by 101% in 2026, 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% | $215,571.60 | $215,571.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $122,095.96 | $122,095.96 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $87,571.89 | $87,571.89 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $27,499.36 | $27,499.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $24,092.20 | $24,092.20 | Paid |
| P2U | — | — | — | — | — | — | $21,090.00 | $21,090.00 | Paid |
| P3J | — | — | — | — | — | — | $500.00 | $500.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $498,421.01 | $498,421.01 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $23,300,000 | $24,387,383 | -4.5% |
| Assessed Value | $23,300,000 | $24,387,383 | -4.5% |
| Land Value | $37,537,020 | $20,332,553 | +84.6% |
| Improvement Value | — | $4,054,830 | — |
| Taxable Value | $23,300,000 | $24,387,383 | -4.5% |
| Total Tax 2026 = estimate |
~$476,831
Estimated
|
~$498,421
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $48,983,422 | $23,300,000 | -25,683,422 (-52.4%) |
| Taxable Value | $48,983,422 | $23,300,000 | -25,683,422 (-52.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $23,300,000 | $37,537,020 | — | — | $23,300,000 | $23,300,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $24,387,383 | $20,332,553 | $4,054,830 | — | $24,387,383 | $24,387,383 | ~$498,421 | Partial |
| 2024 | $23,300,000 | — | — | −$23,299,999 | $1 | $— | $483,353 | Verified |
| 2023 | $23,300,000 | — | — | −$23,299,999 | $1 | $— | $443,145 | Verified |
| 2022 | $23,300,000 | — | — | −$23,299,999 | $1 | $— | $483,457 | Verified |
| 2021 | $1,187,445 | — | — | — | — | $— | $530,466 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +100.9% ! | +100.9% | ~100% | Not available | Partial |
| 2025 | +4.7% | +4.7% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 2.0700% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.9000% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 44.6700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.5% | +372.5% | +114.9% | +1862.2% | 2022 | -4.5% | 2026 |
| Assessment Ratio | 100.0% | 40.0% | — | 100.0% | 2025 | 0.0% | 2022 |
| Effective Tax Rate (2025) | 2.0400% | 2.0400% | — | 2.0400% | 2025 | 2.0400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$498,421 | $487,768 | ~$636,323 | $530,466 | 2021 | $443,145 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$51,916,227 | ~$26,826,121 | ~2.0139% | ~$540,261 | +112.9% |
| 2027 | ~$110,520,043 | ~$29,508,733 | ~1.9814% | ~$584,682 | +353.2% |
| 2028 | ~$235,276,727 | ~$32,459,607 | ~1.9488% | ~$632,586 | +864.7% |
| 2029 | ~$500,860,629 | ~$35,705,567 | ~1.9163% | ~$684,223 | +1953.8% |
| 2030 | ~$1,066,239,625 | ~$39,276,124 | ~1.8837% | ~$739,861 | +4272.1% |
| 2026 | ~$51,428,479 | ~$26,826,121 | ~2.0465% | ~$548,993 | +110.9% |
| 2027 | ~$108,453,149 | ~$29,508,733 | ~2.0465% | ~$603,892 | +344.7% |
| 2028 | ~$228,707,629 | ~$32,459,607 | ~2.0465% | ~$664,281 | +837.8% |
| 2029 | ~$482,302,081 | ~$35,705,567 | ~2.0465% | ~$730,709 | +1877.7% |
| 2030 | ~$1,017,085,869 | ~$39,276,124 | ~2.0465% | ~$803,780 | +4070.5% |
| 2026 | ~$52,403,975 | ~$26,826,121 | ~1.9977% | ~$535,895 | +114.9% |
| 2027 | ~$112,606,447 | ~$29,508,733 | ~1.9488% | ~$575,078 | +361.7% |
| 2028 | ~$241,970,425 | ~$32,459,607 | ~1.9000% | ~$616,738 | +892.2% |
| 2029 | ~$519,949,681 | ~$35,705,567 | ~1.8512% | ~$660,979 | +2032.0% |
| 2030 | ~$1,117,275,678 | ~$39,276,124 | ~1.8024% | ~$707,902 | +4481.4% |
In 2025, this property's market value of $24,387,383 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 47× 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 | $24,387,383 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $23,300,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $23,300,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $23,300,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,187,445 | $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.