504 ELMWOOD PL TX 78705
| Owner | 514 E BELTLINE RD LLC |
|---|---|
| Parcel ID | 0215051018 |
| Short ID | 208667 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,782 SF |
| Land SF | 6,830 SF |
| Acres | 0.157 |
| Year Built | 1960 |
| Legal | LOT 43 OLT 1 DIV X COLLEGE COURT PLUS 1/2 INT IN 12FT RESERVE STRIP |
| Neighborhood | 05WC1 |
| Land | $682,988 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $682,988 |
| Improvement | $508,342 |
|---|---|
| Total Improvement | $508,342 |
| Market | $1,191,330 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,191,330 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,191,330 |
| Taxable Value | $1,191,330 |
|---|
Appreciation: Market value has risen +31.2% from $907,680 (2021) to $1,191,330 (2025), a CAGR of 7.0% 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 $24,380. 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 ($682,988 land vs $508,342 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 $1,191,330, 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 +7.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,673,618 by 2030, with an estimated annual tax burden around $31,527. 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.
13 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 2,062 SF | ✓ |
| 1ST | 1st Floor | 1,720 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,650 SF | ✗ |
| 551 | PAVED AREA | 1,000 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 342 SF | ✓ |
| 612C | TERRACE UNCOVERD COMM | 152 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 112 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 112 SF | ✗ |
| 512C | DECK UNCOVRED COMM | 104 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 413 | STAIRWAY EXT | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 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% | $11,022.19 | $11,022.19 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,242.77 | $6,242.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,477.55 | $4,477.55 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,406.04 | $1,406.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,231.84 | $1,231.84 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,380.39 | $24,380.39 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,191,330 | $1,191,330 | +0.0% |
| Assessed Value | $1,191,330 | $1,191,330 | +0.0% |
| Land Value | $682,988 | $682,988 | +0.0% |
| Improvement Value | $508,342 | $508,342 | +0.0% |
| Taxable Value | $1,191,330 | $1,191,330 | +0.0% |
| Total Tax 2026 = estimate |
~$24,380
Estimated
|
~$24,380
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,229,150 | $1,191,330 | -37,820 (-3.1%) |
| Taxable Value | $1,229,150 | $1,191,330 | -37,820 (-3.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,191,330 | $682,988 | $508,342 | — | $1,191,330 | $1,191,330 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,191,330 | $682,988 | $508,342 | — | $1,191,330 | $1,191,330 | ~$24,380 | Partial |
| 2024 | $1,058,960 | — | — | −$375,972 | $682,988 | $— | $22,486 | Verified |
| 2023 | $1,002,230 | — | — | −$319,242 | $682,988 | $— | $19,159 | Verified |
| 2022 | $926,590 | — | — | −$414,349 | $512,241 | $— | $19,793 | Verified |
| 2021 | $907,680 | — | — | −$395,439 | $512,241 | $— | $20,169 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.2% | +3.2% | ~100% | Not available | Partial |
| 2025 | +5.0% | +5.0% | ~100% | Not available | Partial |
| 2024 | +7.1% | +7.1% | ~100% | 1.9800% | Verified |
| 2023 | +5.7% | +5.7% | ~100% | 1.8100% | Verified |
| 2022 | +8.2% | +8.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +28.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +5.7% | +7.0% | +12.5% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 74.0% | — | 100.0% | 2025 | 55.3% | 2022 |
| 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 |
$24,380 | $21,197 | ~$28,537 | $24,380 | 2025 | $19,159 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,275,137 | ~$1,275,137 | ~2.0139% | ~$25,680 | +7.0% |
| 2027 | ~$1,364,840 | ~$1,364,840 | ~1.9814% | ~$27,043 | +14.6% |
| 2028 | ~$1,460,853 | ~$1,460,853 | ~1.9488% | ~$28,470 | +22.6% |
| 2029 | ~$1,563,621 | ~$1,563,621 | ~1.9163% | ~$29,964 | +31.3% |
| 2030 | ~$1,673,618 | ~$1,673,618 | ~1.8837% | ~$31,527 | +40.5% |
| 2026 | ~$1,251,311 | ~$1,251,311 | ~2.0465% | ~$25,608 | +5.0% |
| 2027 | ~$1,314,311 | ~$1,314,311 | ~2.0465% | ~$26,897 | +10.3% |
| 2028 | ~$1,380,483 | ~$1,380,483 | ~2.0465% | ~$28,251 | +15.9% |
| 2029 | ~$1,449,987 | ~$1,449,987 | ~2.0465% | ~$29,674 | +21.7% |
| 2030 | ~$1,522,991 | ~$1,522,991 | ~2.0465% | ~$31,168 | +27.8% |
| 2026 | ~$1,298,964 | ~$1,298,964 | ~1.9977% | ~$25,949 | +9.0% |
| 2027 | ~$1,416,322 | ~$1,416,322 | ~1.9488% | ~$27,602 | +18.9% |
| 2028 | ~$1,544,283 | ~$1,544,283 | ~1.9000% | ~$29,342 | +29.6% |
| 2029 | ~$1,683,805 | ~$1,683,805 | ~1.8512% | ~$31,170 | +41.3% |
| 2030 | ~$1,835,933 | ~$1,835,933 | ~1.8024% | ~$33,090 | +54.1% |
In 2025, this property's market value of $1,191,330 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +129% 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 | $1,191,330 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,058,960 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,002,230 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $926,590 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $907,680 | $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.