1218 BAYLOR ST TX 78703
| Owner | SMITHERS FAMILY PARTNERSHIP |
|---|---|
| Parcel ID | 0210000723 |
| Short ID | 199657 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 9,452 SF |
| Land SF | 12,750 SF |
| Acres | 0.293 |
| Year Built | 1963 |
| Legal | LOT 57&58 OLT 6 DIV Z ENFIELD A |
| Neighborhood | 05CEN |
| Land | $1,912,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,912,500 |
| Improvement | $734,060 |
|---|---|
| Total Improvement | $734,060 |
| Market | $2,646,560 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,646,560 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,646,560 |
| Taxable Value | $2,646,560 |
|---|
Appreciation: Market value has risen +27.1% from $2,082,719 (2021) to $2,646,560 (2025), a CAGR of 6.2% 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 $54,161. 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 72% of market value ($1,912,500 land vs $734,060 improvements), about $150/SF of land. With value concentrated in the land under a ~63-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 $2,646,560, 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 +6.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,570,636 by 2030, with an estimated annual tax burden around $67,262. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,426 SF | ✓ |
| 1/2 | Half Floor | 4,426 SF | ✓ |
| 551 | PAVED AREA | 4,000 SF | ✗ |
| SO | Sketch Only | 1,781 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 769 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 769 SF | ✗ |
| FBSMT | Finished Basement | 600 SF | ✓ |
| 511 | DECK | 412 SF | ✗ |
| 601 | POOL COMM'L | 338 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 172 | SHOWER STALL AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $24,485.97 | $24,485.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,868.42 | $13,868.42 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,946.96 | $9,946.96 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,123.55 | $3,123.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,736.54 | $2,736.54 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $54,161.44 | $54,161.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,552,040 | $2,646,560 | -3.6% |
| Assessed Value | $2,552,040 | $2,646,560 | -3.6% |
| Land Value | $1,912,500 | $1,912,500 | +0.0% |
| Improvement Value | $639,540 | $734,060 | -12.9% |
| Taxable Value | $2,552,040 | $2,646,560 | -3.6% |
| Total Tax 2026 = estimate |
~$52,227
Estimated
|
~$54,161
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,552,040 | $2,552,040 | +0 (+0.0%) |
| Taxable Value | $2,552,040 | $2,552,040 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,552,040 | $1,912,500 | $639,540 | — | $2,552,040 | $2,552,040 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,646,560 | $1,912,500 | $734,060 | — | $2,646,560 | $2,646,560 | ~$54,161 | Partial |
| 2024 | $2,221,220 | — | — | −$308,720 | $1,912,500 | $— | $47,678 | Verified |
| 2023 | $2,173,960 | — | — | −$261,460 | $1,912,500 | $— | $40,187 | Verified |
| 2022 | $2,050,000 | — | — | −$775,000 | $1,275,000 | $— | $42,934 | Verified |
| 2021 | $2,082,719 | — | — | −$807,719 | $1,275,000 | $— | $44,622 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.6% | -3.6% | ~100% | Not available | Partial |
| 2025 | +7.7% | +7.7% | ~100% | Not available | Partial |
| 2024 | +6.1% | +6.1% | ~100% | 1.9400% | Verified |
| 2023 | +6.5% | +6.5% | ~100% | 1.7400% | Verified |
| 2022 | +6.0% | +6.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.6% | +4.4% | +7.0% | +19.1% | 2025 | -3.6% | 2026 |
| Assessment Ratio | 100.0% | 82.9% | — | 100.0% | 2025 | 61.2% | 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 |
$54,161 | $45,917 | ~$61,828 | $54,161 | 2025 | $40,187 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,809,924 | ~$2,809,924 | ~2.0139% | ~$56,590 | +6.2% |
| 2027 | ~$2,983,371 | ~$2,983,371 | ~1.9814% | ~$59,112 | +12.7% |
| 2028 | ~$3,167,525 | ~$3,167,525 | ~1.9488% | ~$61,730 | +19.7% |
| 2029 | ~$3,363,046 | ~$3,363,046 | ~1.9163% | ~$64,446 | +27.1% |
| 2030 | ~$3,570,636 | ~$3,570,636 | ~1.8837% | ~$67,262 | +34.9% |
| 2026 | ~$2,756,992 | ~$2,756,992 | ~2.0465% | ~$56,421 | +4.2% |
| 2027 | ~$2,872,033 | ~$2,872,033 | ~2.0465% | ~$58,776 | +8.5% |
| 2028 | ~$2,991,873 | ~$2,991,873 | ~2.0465% | ~$61,228 | +13.0% |
| 2029 | ~$3,116,715 | ~$3,116,715 | ~2.0465% | ~$63,783 | +17.8% |
| 2030 | ~$3,246,765 | ~$3,246,765 | ~2.0465% | ~$66,445 | +22.7% |
| 2026 | ~$2,862,855 | ~$2,862,855 | ~1.9977% | ~$57,190 | +8.2% |
| 2027 | ~$3,096,827 | ~$3,096,827 | ~1.9488% | ~$60,352 | +17.0% |
| 2028 | ~$3,349,920 | ~$3,349,920 | ~1.9000% | ~$63,649 | +26.6% |
| 2029 | ~$3,623,698 | ~$3,623,698 | ~1.8512% | ~$67,082 | +36.9% |
| 2030 | ~$3,919,852 | ~$3,919,852 | ~1.8024% | ~$70,650 | +48.1% |
In 2025, this property's market value of $2,646,560 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 5× 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 | $2,646,560 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,221,220 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,173,960 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,050,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,082,719 | $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.