606 ELMWOOD PL TX 78705
| Owner | IVERSON RICHARD M & NANCY OWEN |
|---|---|
| Parcel ID | 0215051012 |
| Short ID | 208661 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,988 SF |
| Land SF | 6,762 SF |
| Acres | 0.155 |
| Year Built | 1964 |
| Legal | LOT 49 OLT 1 DIV X COLLEGE COURT PLUS 1/2 INT IN 12FT RESERVE STRIP |
| Neighborhood | 05WC1 |
| Land | $676,202 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $676,202 |
| Improvement | $500,258 |
|---|---|
| Total Improvement | $500,258 |
| Market | $1,176,460 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,176,460 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,176,460 |
| Taxable Value | $1,176,460 |
|---|
Appreciation: Market value has risen +25.5% from $937,180 (2021) to $1,176,460 (2025), a CAGR of 5.8% over 4 years. This represents moderate, steady growth. 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 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 $24,076. 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 57% of market value ($676,202 land vs $500,258 improvements), about $100/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,176,460, 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 +5.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,563,219 by 2030, with an estimated annual tax burden around $29,447. 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 | 2,084 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,016 SF | ✗ |
| 1ST | 1st Floor | 1,904 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 368 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 343 SF | ✗ |
| 581C | STORAGE ATT COMM | 197 SF | ✓ |
| 041C | GARAGE ATT 1ST COMM | 180 SF | ✓ |
| 591 | MASONRY TRIM SF | 130 SF | ✗ |
| 251 | BATHROOM | 7 SF | ✓ |
| 122 | WATER/SEWER 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% | $10,884.61 | $10,884.61 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,164.85 | $6,164.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,421.67 | $4,421.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,388.49 | $1,388.49 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,216.46 | $1,216.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,076.08 | $24,076.08 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,176,460 | $1,176,460 | +0.0% |
| Assessed Value | $1,176,460 | $1,176,460 | +0.0% |
| Land Value | $676,202 | $676,202 | +0.0% |
| Improvement Value | $500,258 | $500,258 | +0.0% |
| Taxable Value | $1,176,460 | $1,176,460 | +0.0% |
| Total Tax 2026 = estimate |
~$24,076
Estimated
|
~$24,076
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,176,460 | $1,176,460 | +0 (+0.0%) |
| Taxable Value | $1,176,460 | $1,176,460 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,176,460 | $676,202 | $500,258 | — | $1,176,460 | $1,176,460 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,176,460 | $676,202 | $500,258 | — | $1,176,460 | $1,176,460 | ~$24,076 | Partial |
| 2024 | $1,076,760 | — | — | −$400,558 | $676,202 | $— | $22,130 | Verified |
| 2023 | $1,016,940 | — | — | −$340,738 | $676,202 | $— | $19,481 | Verified |
| 2022 | $937,180 | — | — | −$463,839 | $473,341 | $— | $20,084 | Verified |
| 2021 | $937,180 | — | — | −$463,839 | $473,341 | $— | $20,399 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +5.4% | +5.4% | ~100% | Not available | Partial |
| 2024 | +3.7% | +3.7% | ~100% | 1.9800% | Verified |
| 2023 | +5.9% | +5.9% | ~100% | 1.8100% | Verified |
| 2022 | +8.5% | +8.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +4.7% | +5.8% | +9.3% | 2025 | +0.0% | 2022 |
| Assessment Ratio | 100.0% | 71.7% | — | 100.0% | 2025 | 50.5% | 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 |
$24,076 | $21,234 | ~$27,227 | $24,076 | 2025 | $19,481 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,245,276 | ~$1,245,276 | ~2.0139% | ~$25,079 | +5.8% |
| 2027 | ~$1,318,118 | ~$1,318,118 | ~1.9814% | ~$26,117 | +12.0% |
| 2028 | ~$1,395,220 | ~$1,395,220 | ~1.9488% | ~$27,191 | +18.6% |
| 2029 | ~$1,476,833 | ~$1,476,833 | ~1.9163% | ~$28,300 | +25.5% |
| 2030 | ~$1,563,219 | ~$1,563,219 | ~1.8837% | ~$29,447 | +32.9% |
| 2026 | ~$1,221,747 | ~$1,221,747 | ~2.0465% | ~$25,003 | +3.8% |
| 2027 | ~$1,268,777 | ~$1,268,777 | ~2.0465% | ~$25,965 | +7.8% |
| 2028 | ~$1,317,618 | ~$1,317,618 | ~2.0465% | ~$26,965 | +12.0% |
| 2029 | ~$1,368,339 | ~$1,368,339 | ~2.0465% | ~$28,003 | +16.3% |
| 2030 | ~$1,421,012 | ~$1,421,012 | ~2.0465% | ~$29,081 | +20.8% |
| 2026 | ~$1,268,805 | ~$1,268,805 | ~1.9977% | ~$25,346 | +7.8% |
| 2027 | ~$1,368,399 | ~$1,368,399 | ~1.9488% | ~$26,668 | +16.3% |
| 2028 | ~$1,475,811 | ~$1,475,811 | ~1.9000% | ~$28,041 | +25.4% |
| 2029 | ~$1,591,654 | ~$1,591,654 | ~1.8512% | ~$29,465 | +35.3% |
| 2030 | ~$1,716,590 | ~$1,716,590 | ~1.8024% | ~$30,939 | +45.9% |
In 2025, this property's market value of $1,176,460 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +126% 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 | $1,176,460 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,076,760 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,016,940 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $937,180 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $937,180 | $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.