909 W 22 1/2 ST TX 78705
| Owner | 909 W 22 1/2 SERIES |
|---|---|
| Parcel ID | 0212010602 |
| Short ID | 203516 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,374 SF |
| Land SF | 13,440 SF |
| Acres | 0.309 |
| Year Built | 1910 |
| Legal | LOT 14 * & W 21.25 FT OF LOT 13 *& E 1/2 OF LOT 15 OLT 32 DIV D SAMPSON SUBD |
| Neighborhood | 05WC |
| Land | $2,016,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,016,000 |
| Improvement | $29,169 |
|---|---|
| Total Improvement | $29,169 |
| Market | $2,045,169 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,045,169 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,045,169 |
| Taxable Value | $2,045,169 |
|---|
Appreciation: Market value has risen +105.8% from $993,996 (2021) to $2,045,169 (2025), a CAGR of 19.8% 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 $41,854. 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 99% of market value ($2,016,000 land vs $29,169 improvements), about $150/SF of land. With value concentrated in the land under a ~116-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 $2,045,169, 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 +19.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,039,761 by 2030, with an estimated annual tax burden around $62,046. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,876 SF | ✓ |
| 2ND | 2nd Floor | 1,498 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 600 SF | ✗ |
| 022 | PORCH CLOS 2ND F | 275 SF | ✓ |
| 581C | STORAGE ATT COMM | 172 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 162 SF | ✗ |
| 871 | OBS WALL FURN | 35 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 172 | SHOWER STALL AVG | 1 SF | ✓ |
Market value changed by 80% 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% | $18,921.90 | $18,921.90 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,717.03 | $10,717.03 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,686.67 | $7,686.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,413.77 | $2,413.77 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,114.70 | $2,114.70 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $41,854.07 | $41,854.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,046,159 | $2,045,169 | +0.0% |
| Assessed Value | $2,046,159 | $2,045,169 | +0.0% |
| Land Value | $2,016,000 | $2,016,000 | +0.0% |
| Improvement Value | $30,159 | $29,169 | +3.4% |
| Taxable Value | $2,046,159 | $2,045,169 | +0.0% |
| Total Tax 2026 = estimate |
~$41,874
Estimated
|
~$41,854
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,046,159 | $2,046,159 | +0 (+0.0%) |
| Taxable Value | $2,046,159 | $2,046,159 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,046,159 | $2,016,000 | $30,159 | — | $2,046,159 | $2,046,159 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,045,169 | $2,016,000 | $29,169 | — | $2,045,169 | $2,045,169 | ~$41,854 | Partial |
| 2024 | $1,772,377 | — | — | — | $2,016,000 ! | $— | $40,526 | Verified |
| 2023 | $987,263 | — | — | — | $1,772,377 ! | $— | $32,067 | Verified |
| 2022 | $982,043 | — | — | −$41,243 | $940,800 | $— | $19,498 | Verified |
| 2021 | $993,996 | — | — | −$53,196 | $940,800 | $— | $21,376 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +15.4% | +15.4% | ~100% | 1.9800% | Verified |
| 2023 | +79.5% ! | +79.5% | ~100% | 1.8100% | Verified |
| 2022 | +0.5% | +0.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +108.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +18.8% | +19.8% | +79.5% | 2024 | -1.2% | 2022 |
| Assessment Ratio | 100.0% | 113.9% | — | 179.5% | 2023 | 94.6% | 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 |
$41,854 | $31,064 | ~$53,363 | $41,854 | 2025 | $19,498 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,449,432 | ~$2,249,686 | ~2.0139% | ~$45,307 | +19.8% |
| 2027 | ~$2,933,604 | ~$2,474,654 | ~1.9814% | ~$49,032 | +43.4% |
| 2028 | ~$3,513,481 | ~$2,722,120 | ~1.9488% | ~$53,050 | +71.8% |
| 2029 | ~$4,207,981 | ~$2,994,332 | ~1.9163% | ~$57,380 | +105.8% |
| 2030 | ~$5,039,761 | ~$3,293,765 | ~1.8837% | ~$62,046 | +146.4% |
| 2026 | ~$2,408,528 | ~$2,249,686 | ~2.0465% | ~$46,039 | +17.8% |
| 2027 | ~$2,836,445 | ~$2,474,654 | ~2.0465% | ~$50,643 | +38.7% |
| 2028 | ~$3,340,388 | ~$2,722,120 | ~2.0465% | ~$55,708 | +63.3% |
| 2029 | ~$3,933,865 | ~$2,994,332 | ~2.0465% | ~$61,279 | +92.3% |
| 2030 | ~$4,632,784 | ~$3,293,765 | ~2.0465% | ~$67,406 | +126.5% |
| 2026 | ~$2,490,335 | ~$2,249,686 | ~1.9977% | ~$44,941 | +21.8% |
| 2027 | ~$3,032,399 | ~$2,474,654 | ~1.9488% | ~$48,227 | +48.3% |
| 2028 | ~$3,692,453 | ~$2,722,120 | ~1.9000% | ~$51,721 | +80.5% |
| 2029 | ~$4,496,179 | ~$2,994,332 | ~1.8512% | ~$55,431 | +119.8% |
| 2030 | ~$5,474,849 | ~$3,293,765 | ~1.8024% | ~$59,366 | +167.7% |
In 2025, this property's market value of $2,045,169 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× 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 | $2,045,169 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,772,377 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $987,263 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $982,043 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $993,996 | $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.