1518 PARKWAY TX 78703
| Owner | B & C AUSTIN PROPERTIES INC |
|---|---|
| Parcel ID | 0210000103 |
| Short ID | 199584 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 5,536 SF |
| Land SF | 12,091 SF |
| Acres | 0.278 |
| Year Built | 1948 |
| Legal | E 119' AV OF LOT 32 *&ADJ TRI AT NE COR OF LOT 31 OLT 6-8 DIV Z ENFIELD A |
| Neighborhood | 05CEN |
| Land | $1,088,190 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,088,190 |
| Improvement | $111,810 |
|---|---|
| Total Improvement | $111,810 |
| Market | $1,200,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,200,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,200,000 |
| Taxable Value | $1,200,000 |
|---|
Appreciation: Market value has risen +18.8% from $1,010,499 (2021) to $1,200,000 (2025), a CAGR of 4.4% over 4 years. This represents moderate, steady growth. 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 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 $24,558. 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 91% of market value ($1,088,190 land vs $111,810 improvements), about $90/SF of land. With value concentrated in the land under a ~78-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 $1,200,000, 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 +4.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,487,606 by 2030, with an estimated annual tax burden around $28,023. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,768 SF | ✓ |
| 2ND | 2nd Floor | 2,768 SF | ✓ |
| 611 | TERRACE | 1,455 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 936 SF | ✗ |
| 071 | OBS HEAT WALL | 35 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% | $11,102.40 | $11,102.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,288.20 | $6,288.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,510.14 | $4,510.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,416.28 | $1,416.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,240.80 | $1,240.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,557.82 | $24,557.82 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,467,040 | $1,200,000 | +22.3% |
| Assessed Value | $1,440,000 | $1,200,000 | +20.0% |
| Land Value | $761,733 | $1,088,190 | -30.0% |
| Improvement Value | $705,307 | $111,810 | +530.8% |
| Taxable Value | $1,440,000 | $1,200,000 | +20.0% |
| HS Cap Loss | -$27,040 | — | |
| Total Tax 2026 = estimate |
~$29,469
Estimated
|
~$24,558
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,467,040 | $1,467,040 | +0 (+0.0%) |
| Taxable Value | $1,440,000 | $1,440,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,467,040 | $761,733 | $705,307 | −$27,040 | $1,440,000 | $1,440,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,200,000 | $1,088,190 | $111,810 | — | $1,200,000 | $1,200,000 | ~$24,558 | Partial |
| 2024 | $1,218,874 | — | — | −$130,684 | $1,088,190 | $— | $22,989 | Verified |
| 2023 | $1,025,062 | — | — | — | $1,088,190 ! | $— | $22,052 | Verified |
| 2022 | $1,019,191 | — | — | −$94,229 | $924,962 | $— | $20,244 | Verified |
| 2021 | $1,010,499 | — | — | −$85,537 | $924,962 | $— | $22,185 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.3% | +20.0% | 98.2% | Not available | Partial |
| 2025 | +3.4% | +3.4% | ~100% | Not available | Partial |
| 2024 | -4.8% | -4.8% | ~100% | 1.9800% | Verified |
| 2023 | +18.9% | +18.9% | ~100% | 1.8100% | Verified |
| 2022 | +0.6% | +0.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +17.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +22.3% | +8.2% | +0.6% | +22.3% | 2026 | -1.5% | 2025 |
| Assessment Ratio | 98.2% | 96.0% | — | 106.2% | 2023 | 89.3% | 2024 |
| 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 |
$24,558 | $22,406 | ~$26,615 | $24,558 | 2025 | $20,244 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,252,687 | ~$1,252,687 | ~2.0139% | ~$25,228 | +4.4% |
| 2027 | ~$1,307,687 | ~$1,307,687 | ~1.9814% | ~$25,910 | +9.0% |
| 2028 | ~$1,365,103 | ~$1,365,103 | ~1.9488% | ~$26,604 | +13.8% |
| 2029 | ~$1,425,039 | ~$1,425,039 | ~1.9163% | ~$27,308 | +18.8% |
| 2030 | ~$1,487,606 | ~$1,487,606 | ~1.8837% | ~$28,023 | +24.0% |
| 2026 | ~$1,228,687 | ~$1,228,687 | ~2.0465% | ~$25,145 | +2.4% |
| 2027 | ~$1,258,060 | ~$1,258,060 | ~2.0465% | ~$25,746 | +4.8% |
| 2028 | ~$1,288,135 | ~$1,288,135 | ~2.0465% | ~$26,361 | +7.3% |
| 2029 | ~$1,318,929 | ~$1,318,929 | ~2.0465% | ~$26,992 | +9.9% |
| 2030 | ~$1,350,459 | ~$1,350,459 | ~2.0465% | ~$27,637 | +12.5% |
| 2026 | ~$1,276,687 | ~$1,276,687 | ~1.9977% | ~$25,504 | +6.4% |
| 2027 | ~$1,358,275 | ~$1,358,275 | ~1.9488% | ~$26,471 | +13.2% |
| 2028 | ~$1,445,077 | ~$1,445,077 | ~1.9000% | ~$27,457 | +20.4% |
| 2029 | ~$1,537,425 | ~$1,537,425 | ~1.8512% | ~$28,461 | +28.1% |
| 2030 | ~$1,635,676 | ~$1,635,676 | ~1.8024% | ~$29,481 | +36.3% |
In 2025, this property's market value of $1,200,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +131% 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 | $1,200,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,218,874 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,025,062 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,019,191 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,010,499 | $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.