3019 E 12 ST TX 78702
| Owner | ODIORNE KYLE D |
|---|---|
| Parcel ID | 0209140205 |
| Short ID | 198772 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,608 SF |
| Land SF | 23,087 SF |
| Acres | 0.530 |
| Year Built | 1936 |
| Legal | LOT 5 LESS SE TRI & SE TRI OF LOT 4 HUSTON SAM HEIGHT ANNEX |
| Neighborhood | 05EC1 |
| Land | $2,770,416 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,770,416 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,300,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,300,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,300,000 |
| Taxable Value | $1,300,000 |
|---|
Appreciation: Market value has risen +60.9% from $808,049 (2021) to $1,300,000 (2025), a CAGR of 12.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $26,604. Austin ISD is the largest single contributor, at 45.2% 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 213% of market value ($2,770,416 land vs $0 improvements), about $120/SF of land. With value concentrated in the land under a ~90-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 $1,300,000, 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 +12.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,355,458 by 2030, with an estimated annual tax burden around $39,439. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,608 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 560 SF | ✗ |
| 581C | STORAGE ATT COMM | 40 SF | ✓ |
| 251 | BATHROOM | 11 SF | ✓ |
Market value changed by 237% in 2023, 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% | $12,027.60 | $12,027.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,812.22 | $6,812.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,885.99 | $4,885.99 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,534.30 | $1,534.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,344.20 | $1,344.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $26,604.31 | $26,604.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,300,000 | $1,300,000 | +0.0% |
| Assessed Value | $1,300,000 | $1,300,000 | +0.0% |
| Land Value | $2,770,416 | $2,770,416 | +0.0% |
| Improvement Value | — | — | — |
| Taxable Value | $1,300,000 | $1,300,000 | +0.0% |
| Total Tax 2026 = estimate |
~$26,604
Estimated
|
~$26,604
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,778,684 | $1,300,000 | -1,478,684 (-53.2%) |
| Taxable Value | $1,560,000 | $1,300,000 | -260,000 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,300,000 | $2,770,416 | — | — | $1,300,000 | $1,300,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,300,000 | $2,770,416 | — | — | $1,300,000 | $1,300,000 | ~$26,604 | Partial |
| 2024 | $1,300,000 | — | — | — | $1,300,000 | $— | $25,764 | Verified |
| 2023 | $841,570 | — | — | — | $2,770,416 ! | $— | $25,031 | Verified |
| 2022 | $808,049 | — | — | −$11 | $808,038 | $— | $16,620 | Verified |
| 2021 | $808,049 | — | — | −$11 | $808,038 | $— | $17,589 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +113.7% ! | +20.0% | 56.1% | Not available | Partial |
| 2025 | -53.3% | -16.7% | ~100% | Not available | Partial |
| 2024 | -1.8% | -44.9% | 56.1% | 0.9300% | Verified |
| 2023 | +236.6% ! | +236.6% | ~100% | 0.8800% | Verified |
| 2022 | +4.1% | +4.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +60.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +11.7% | +12.6% | +54.5% | 2024 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 138.2% | — | 329.2% | 2023 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$26,604 | $22,322 | ~$33,920 | $26,604 | 2025 | $16,620 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,464,097 | ~$1,430,000 | ~2.0139% | ~$28,799 | +12.6% |
| 2027 | ~$1,648,907 | ~$1,573,000 | ~1.9814% | ~$31,167 | +26.8% |
| 2028 | ~$1,857,046 | ~$1,730,300 | ~1.9488% | ~$33,721 | +42.8% |
| 2029 | ~$2,091,457 | ~$1,903,330 | ~1.9163% | ~$36,473 | +60.9% |
| 2030 | ~$2,355,458 | ~$2,093,663 | ~1.8837% | ~$39,439 | +81.2% |
| 2026 | ~$1,438,097 | ~$1,430,000 | ~2.0465% | ~$29,265 | +10.6% |
| 2027 | ~$1,590,863 | ~$1,573,000 | ~2.0465% | ~$32,191 | +22.4% |
| 2028 | ~$1,759,858 | ~$1,730,300 | ~2.0465% | ~$35,410 | +35.4% |
| 2029 | ~$1,946,804 | ~$1,903,330 | ~2.0465% | ~$38,951 | +49.8% |
| 2030 | ~$2,153,610 | ~$2,093,663 | ~2.0465% | ~$42,846 | +65.7% |
| 2026 | ~$1,490,097 | ~$1,430,000 | ~1.9977% | ~$28,567 | +14.6% |
| 2027 | ~$1,707,991 | ~$1,573,000 | ~1.9488% | ~$30,655 | +31.4% |
| 2028 | ~$1,957,747 | ~$1,730,300 | ~1.9000% | ~$32,876 | +50.6% |
| 2029 | ~$2,244,025 | ~$1,903,330 | ~1.8512% | ~$35,234 | +72.6% |
| 2030 | ~$2,572,165 | ~$2,093,663 | ~1.8024% | ~$37,736 | +97.9% |
In 2025, this property's market value of $1,300,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +150% 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 | $1,300,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,300,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $841,570 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $808,049 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $808,049 | $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.