206 E 15 ST TX 78701
| Owner | BERNHARD GARY C |
|---|---|
| Parcel ID | 0210041208 |
| Short ID | 200189 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,050 SF |
| Land SF | 7,552 SF |
| Acres | 0.173 |
| Year Built | 1920 |
| Legal | W 59' OF E138' OF S128' OLT 54 DIVISION E |
| Neighborhood | 1CBD1 |
| Land | $2,416,640 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,416,640 |
| Improvement | $102,169 |
|---|---|
| Total Improvement | $102,169 |
| Market | $2,518,809 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,518,809 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,518,809 |
| Taxable Value | $2,518,809 |
|---|
Appreciation: Market value has risen +177.6% from $907,240 (2021) to $2,518,809 (2025), a CAGR of 29.1% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $51,547. 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 96% of market value ($2,416,640 land vs $102,169 improvements), about $320/SF of land. With value concentrated in the land under a ~106-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 $2,518,809, 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 +29.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $9,026,857 by 2030, with an estimated annual tax burden around $76,415. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 2,800 SF | ✗ |
| 2ND | 2nd Floor | 2,489 SF | ✓ |
| 1ST | 1st Floor | 1,561 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 640 SF | ✗ |
| UBSMT | Unfinished Basement | 473 SF | ✓ |
| 021 | PORCH CLOS 1ST F | 160 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 579 | STORAGE DET FV | 1 SF | ✓ |
Market value changed by 95% in 2022, 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% | $23,304.02 | $23,304.02 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,198.99 | $13,198.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,466.82 | $9,466.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,972.77 | $2,972.77 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,604.45 | $2,604.45 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $51,547.05 | $51,547.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,451,292 | $2,518,809 | +37.0% |
| Assessed Value | $3,022,571 | $2,518,809 | +20.0% |
| Land Value | $3,398,400 | $2,416,640 | +40.6% |
| Improvement Value | $52,892 | $102,169 | -48.2% |
| Taxable Value | $3,022,571 | $2,518,809 | +20.0% |
| HS Cap Loss | -$428,721 | — | |
| Total Tax 2026 = estimate |
~$61,856
Estimated
|
~$51,547
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,451,292 | $3,451,292 | +0 (+0.0%) |
| Taxable Value | $3,022,571 | $3,022,571 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,451,292 | $3,398,400 | $52,892 | −$428,721 | $3,022,571 | $3,022,571 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,518,809 | $2,416,640 | $102,169 | — | $2,518,809 | $2,518,809 | ~$51,547 | Partial |
| 2024 | $2,100,000 | — | — | — | $2,416,640 ! | $— | $49,895 | Verified |
| 2023 | $1,766,507 | — | — | — | $2,100,000 ! | $— | $37,994 | Verified |
| 2022 | $907,240 | — | — | — | $1,766,507 ! | $— | $31,763 | Verified |
| 2021 | $907,240 | — | — | −$1,000 | $906,240 | $— | $20,155 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +37.0% | +20.0% | 87.6% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +19.9% | +19.9% | ~100% | 1.9800% | Verified |
| 2023 | +18.9% | +18.9% | ~100% | 1.8100% | Verified |
| 2022 | +94.7% ! | +94.7% | ~100% | 1.8000% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +177.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +37.0% | +34.1% | +22.1% | +94.7% | 2023 | +0.0% | 2022 |
| Assessment Ratio | 87.6% | 119.4% | — | 194.7% | 2022 | 87.6% | 2026 |
| 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 |
$51,547 | $38,271 | ~$65,722 | $51,547 | 2025 | $20,155 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,251,348 | ~$2,770,690 | ~2.0139% | ~$55,800 | +29.1% |
| 2027 | ~$4,196,930 | ~$3,047,759 | ~1.9814% | ~$60,388 | +66.6% |
| 2028 | ~$5,417,514 | ~$3,352,535 | ~1.9488% | ~$65,336 | +115.1% |
| 2029 | ~$6,993,077 | ~$3,687,788 | ~1.9163% | ~$70,669 | +177.6% |
| 2030 | ~$9,026,857 | ~$4,056,567 | ~1.8837% | ~$76,415 | +258.4% |
| 2026 | ~$3,200,972 | ~$2,770,690 | ~2.0465% | ~$56,702 | +27.1% |
| 2027 | ~$4,067,884 | ~$3,047,759 | ~2.0465% | ~$62,372 | +61.5% |
| 2028 | ~$5,169,579 | ~$3,352,535 | ~2.0465% | ~$68,609 | +105.2% |
| 2029 | ~$6,569,644 | ~$3,687,788 | ~2.0465% | ~$75,470 | +160.8% |
| 2030 | ~$8,348,886 | ~$4,056,567 | ~2.0465% | ~$83,017 | +231.5% |
| 2026 | ~$3,301,724 | ~$2,770,690 | ~1.9977% | ~$55,349 | +31.1% |
| 2027 | ~$4,327,992 | ~$3,047,759 | ~1.9488% | ~$59,396 | +71.8% |
| 2028 | ~$5,673,251 | ~$3,352,535 | ~1.9000% | ~$63,699 | +125.2% |
| 2029 | ~$7,436,655 | ~$3,687,788 | ~1.8512% | ~$68,268 | +195.2% |
| 2030 | ~$9,748,173 | ~$4,056,567 | ~1.8024% | ~$73,114 | +287.0% |
In 2025, this property's market value of $2,518,809 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 | $2,518,809 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,100,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,766,507 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $907,240 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $907,240 | $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.