4609 E 12 ST TX 78721
| Owner | COLINAS HOME LLC |
|---|---|
| Parcel ID | 0209190104 |
| Short ID | 199065 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,796 SF |
| Land SF | 18,426 SF |
| Acres | 0.423 |
| Year Built | 1985 |
| Legal | LOT 1 BELL BARBARA SUBD |
| Neighborhood | 05EC1 |
| Land | $829,165 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $829,165 |
| Improvement | $249,935 |
|---|---|
| Total Improvement | $249,935 |
| Market | $1,079,100 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,079,100 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,079,100 |
| Taxable Value | $1,079,100 |
|---|
Appreciation: Market value has risen +25.0% from $863,280 (2021) to $1,079,100 (2025), a CAGR of 5.7% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2024→2025), 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 lagged 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 $22,084. 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 77% of market value ($829,165 land vs $249,935 improvements), about $45/SF of land. With value concentrated in the land under a ~41-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 $1,079,100, 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 +5.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,426,262 by 2030, with an estimated annual tax burden around $26,867. 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 | 5,670 SF | ✗ |
| 1ST | 1st Floor | 4,796 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,240 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 320 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 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% | $9,983.83 | $9,983.83 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,654.67 | $5,654.67 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,055.74 | $4,055.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,273.59 | $1,273.59 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,115.79 | $1,115.79 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,083.62 | $22,083.62 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $994,358 | $1,079,100 | -7.9% |
| Assessed Value | $994,358 | $1,079,100 | -7.9% |
| Land Value | $829,165 | $829,165 | +0.0% |
| Improvement Value | $165,193 | $249,935 | -33.9% |
| Taxable Value | $994,358 | $1,079,100 | -7.9% |
| Total Tax 2026 = estimate |
~$20,349
Estimated
|
~$22,084
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,055,120 | $994,358 | -60,762 (-5.8%) |
| Taxable Value | $1,055,120 | $994,358 | -60,762 (-5.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $994,358 | $829,165 | $165,193 | — | $994,358 | $994,358 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,079,100 | $829,165 | $249,935 | — | $1,079,100 | $1,079,100 | ~$22,084 | Partial |
| 2024 | $911,240 | — | — | −$82,075 | $829,165 | $— | $18,035 | Verified |
| 2023 | $839,300 | — | — | −$286,524 | $552,776 | $— | $16,487 | Verified |
| 2022 | $751,700 | — | — | −$198,924 | $552,776 | $— | $16,576 | Verified |
| 2021 | $863,280 | — | — | −$310,504 | $552,776 | $— | $16,362 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.2% | -2.2% | ~100% | Not available | Partial |
| 2025 | +18.6% | +18.6% | ~100% | Not available | Partial |
| 2024 | -0.1% | -0.1% | ~100% | 1.9800% | Verified |
| 2023 | +8.6% | +8.6% | ~100% | 1.8100% | Verified |
| 2022 | -2.8% | -2.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.9% | +3.6% | +7.5% | +18.4% | 2025 | -12.9% | 2022 |
| Assessment Ratio | 100.0% | 82.4% | — | 100.0% | 2025 | 64.0% | 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 |
$22,084 | $17,908 | ~$24,892 | $22,084 | 2025 | $16,362 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,141,009 | ~$1,141,009 | ~2.0139% | ~$22,979 | +5.7% |
| 2027 | ~$1,206,470 | ~$1,206,470 | ~1.9814% | ~$23,905 | +11.8% |
| 2028 | ~$1,275,687 | ~$1,275,687 | ~1.9488% | ~$24,861 | +18.2% |
| 2029 | ~$1,348,875 | ~$1,348,875 | ~1.9163% | ~$25,848 | +25.0% |
| 2030 | ~$1,426,262 | ~$1,426,262 | ~1.8837% | ~$26,867 | +32.2% |
| 2026 | ~$1,119,427 | ~$1,119,427 | ~2.0465% | ~$22,909 | +3.7% |
| 2027 | ~$1,161,262 | ~$1,161,262 | ~2.0465% | ~$23,765 | +7.6% |
| 2028 | ~$1,204,660 | ~$1,204,660 | ~2.0465% | ~$24,653 | +11.6% |
| 2029 | ~$1,249,679 | ~$1,249,679 | ~2.0465% | ~$25,574 | +15.8% |
| 2030 | ~$1,296,381 | ~$1,296,381 | ~2.0465% | ~$26,530 | +20.1% |
| 2026 | ~$1,162,591 | ~$1,162,591 | ~1.9977% | ~$23,225 | +7.7% |
| 2027 | ~$1,252,542 | ~$1,252,542 | ~1.9488% | ~$24,410 | +16.1% |
| 2028 | ~$1,349,453 | ~$1,349,453 | ~1.9000% | ~$25,640 | +25.1% |
| 2029 | ~$1,453,862 | ~$1,453,862 | ~1.8512% | ~$26,914 | +34.7% |
| 2030 | ~$1,566,349 | ~$1,566,349 | ~1.8024% | ~$28,231 | +45.2% |
In 2025, this property's market value of $1,079,100 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +108% 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 | $1,079,100 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $911,240 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $839,300 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $751,700 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $863,280 | $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.