2410 LEON ST TX 78705
| Owner | KONG TONY & DAISY CHAN TRS |
|---|---|
| Parcel ID | 0214001201 |
| Short ID | 206207 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 7,560 SF |
| Land SF | 10,000 SF |
| Acres | 0.230 |
| Year Built | 2006 |
| Legal | LOT 8 BLK 2 OLT 44 DIVISION D |
| Neighborhood | 05WC |
| Land | $1,500,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,500,000 |
| Improvement | $1,490,000 |
|---|---|
| Total Improvement | $1,490,000 |
| Market | $2,990,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,990,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$200,000 |
| Net Appraised (assessed) | $2,790,000 |
| Taxable Value | $2,790,000 |
|---|
Appreciation: Market value has risen +30.1% from $2,298,240 (2021) to $2,990,000 (2025), a CAGR of 6.8% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), 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 $57,097. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($2,790,000) is $200,000 below market value, suggesting potential for an upward assessment in future years.
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 50% of market value ($1,500,000 land vs $1,490,000 improvements), about $150/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,990,000, 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 +6.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,154,473 by 2030, with an estimated annual tax burden around $78,260. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 3,780 SF | ✓ |
| 3RD | 3rd Floor | 3,780 SF | ✓ |
| 487 | PARKING UNDER | 3,780 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 810 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 810 SF | ✗ |
| 435 | FENCE IRON LF | 200 SF | ✗ |
| 154 | COMMODE GOOD | 12 SF | ✓ |
| 164 | LAVATORY GOOD | 12 SF | ✓ |
| 144 | BATHTUB GOOD | 12 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% | $23,130.00 | $23,130.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,100.43 | $13,100.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,396.13 | $9,396.13 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,950.58 | $2,950.58 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,585.00 | $2,585.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $51,162.14 | $51,162.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,780,000 | $2,990,000 | -7.0% |
| Assessed Value | $2,780,000 | $2,790,000 | -0.4% |
| Land Value | $1,500,000 | $1,500,000 | +0.0% |
| Improvement Value | $1,280,000 | $1,490,000 | -14.1% |
| Taxable Value | $2,780,000 | $2,790,000 | -0.4% |
| Total Tax 2026 = estimate |
~$56,892
Estimated
|
~$51,162
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,099,600 | $2,780,000 | -319,600 (-10.3%) |
| Taxable Value | $3,000,000 | $2,780,000 | -220,000 (-7.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,780,000 | $1,500,000 | $1,280,000 | — | $2,780,000 | $2,780,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,990,000 | $1,500,000 | $1,490,000 | −$200,000 | $2,790,000 | $2,790,000 | ~$51,162 | Partial |
| 2024 | $2,646,000 | — | — | −$1,146,000 | $1,500,000 | $— | $46,402 | Verified |
| 2023 | $2,646,000 | — | — | −$1,146,000 | $1,500,000 | $— | $40,671 | Verified |
| 2022 | $1,940,000 | — | — | −$1,240,000 | $700,000 | $— | $39,010 | Verified |
| 2021 | $2,298,240 | — | — | −$1,598,240 | $700,000 | $— | $42,769 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.7% | +7.5% | 96.8% | Not available | Partial |
| 2025 | +1.4% | -5.4% | 93.3% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.5700% | Verified |
| 2023 | +11.4% | +11.4% | ~100% | 1.3800% | Verified |
| 2022 | +7.7% | +7.7% | ~100% | 1.4700% | Verified |
| 2021 | base year | — | ~100% | 1.8600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +21.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.0% | +5.4% | +8.4% | +36.4% | 2023 | -15.6% | 2022 |
| Assessment Ratio | 100.0% | 62.2% | — | 100.0% | 2026 | 30.5% | 2021 |
| Effective Tax Rate (2025) | 1.7100% | 1.7100% | — | 1.7100% | 2025 | 1.7100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$51,162 | $44,003 | ~$70,497 | $51,162 | 2025 | $39,010 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,193,303 | ~$3,069,000 | ~2.0139% | ~$61,808 | +6.8% |
| 2027 | ~$3,410,430 | ~$3,375,900 | ~1.9814% | ~$66,890 | +14.1% |
| 2028 | ~$3,642,320 | ~$3,642,320 | ~1.9488% | ~$70,983 | +21.8% |
| 2029 | ~$3,889,977 | ~$3,889,977 | ~1.9163% | ~$74,543 | +30.1% |
| 2030 | ~$4,154,473 | ~$4,154,473 | ~1.8837% | ~$78,260 | +38.9% |
| 2026 | ~$3,133,503 | ~$3,069,000 | ~2.0465% | ~$62,807 | +4.8% |
| 2027 | ~$3,283,894 | ~$3,283,894 | ~2.0465% | ~$67,204 | +9.8% |
| 2028 | ~$3,441,502 | ~$3,441,502 | ~2.0465% | ~$70,430 | +15.1% |
| 2029 | ~$3,606,674 | ~$3,606,674 | ~2.0465% | ~$73,810 | +20.6% |
| 2030 | ~$3,779,774 | ~$3,779,774 | ~2.0465% | ~$77,353 | +26.4% |
| 2026 | ~$3,253,103 | ~$3,069,000 | ~1.9977% | ~$61,308 | +8.8% |
| 2027 | ~$3,539,358 | ~$3,375,900 | ~1.9488% | ~$65,791 | +18.4% |
| 2028 | ~$3,850,801 | ~$3,713,490 | ~1.9000% | ~$70,557 | +28.8% |
| 2029 | ~$4,189,650 | ~$4,084,839 | ~1.8512% | ~$75,618 | +40.1% |
| 2030 | ~$4,558,315 | ~$4,493,323 | ~1.8024% | ~$80,986 | +52.5% |
In 2025, this property's market value of $2,990,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 6× 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 | $2,990,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,646,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,646,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,940,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,298,240 | $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.