3503 HARMON AVE TX 78705
| Owner | 4501 SPEEDWAY LLC |
|---|---|
| Parcel ID | 0215080820 |
| Short ID | 209059 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,826 SF |
| Land SF | 7,000 SF |
| Acres | 0.161 |
| Year Built | 1955 |
| Legal | 50 X 140FT BLK 3 OLT 21 DIV C PLAINVIEW HEIGHTS |
| Neighborhood | 05WC2 |
| Land | $700,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $700,000 |
| Improvement | $1,182,140 |
|---|---|
| Total Improvement | $1,182,140 |
| Market | $1,882,140 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,882,140 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,882,140 |
| Taxable Value | $1,882,140 |
|---|
Appreciation: Market value has risen +40.5% from $1,340,000 (2021) to $1,882,140 (2025), a CAGR of 8.9% 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 $38,518. 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 37% of market value ($700,000 land vs $1,182,140 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~71 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,882,140, 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 +8.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,877,967 by 2030, with an estimated annual tax burden around $54,213. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,413 SF | ✓ |
| 2ND | 2nd Floor | 2,413 SF | ✓ |
| 551 | PAVED AREA | 1,740 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 414 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 314 SF | ✗ |
| 511 | DECK | 100 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $15,181.05 | $15,181.05 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,598.28 | $8,598.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,167.02 | $6,167.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,936.57 | $1,936.57 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,696.63 | $1,696.63 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,579.55 | $33,579.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,640,840 | $1,882,140 | -12.8% |
| Assessed Value | $1,640,840 | $1,882,140 | -12.8% |
| Land Value | $700,000 | $700,000 | +0.0% |
| Improvement Value | $940,840 | $1,182,140 | -20.4% |
| Taxable Value | $1,640,840 | $1,882,140 | -12.8% |
| Total Tax 2026 = estimate |
~$33,580
Estimated
|
~$33,580
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,978,660 | $1,640,840 | -337,820 (-17.1%) |
| Taxable Value | $1,969,008 | $1,640,840 | -328,168 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,640,840 | $700,000 | $940,840 | — | $1,640,840 | $1,640,840 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,882,140 | $700,000 | $1,182,140 | — | $1,882,140 | $1,882,140 | ~$33,580 | Partial |
| 2024 | $1,580,515 | — | — | −$880,515 | $700,000 | $— | $32,518 | Verified |
| 2023 | $1,496,060 | — | — | −$796,060 | $700,000 | $— | $28,595 | Verified |
| 2022 | $1,424,663 | — | — | −$899,663 | $525,000 | $— | $29,546 | Verified |
| 2021 | $1,340,000 | — | — | −$815,000 | $525,000 | $— | $31,010 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.1% | +4.6% | ~100% | Not available | Partial |
| 2025 | +14.7% | +14.7% | ~100% | Not available | Partial |
| 2024 | +3.8% | +3.8% | ~100% | 1.9800% | Verified |
| 2023 | +5.6% | +5.6% | ~100% | 1.8100% | Verified |
| 2022 | +5.0% | +5.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +32.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.8% | +4.6% | +12.1% | +19.1% | 2025 | -12.8% | 2026 |
| Assessment Ratio | 100.0% | 61.2% | — | 100.0% | 2025 | 36.9% | 2022 |
| Effective Tax Rate (2025) | 1.7800% | 1.7800% | — | 1.7800% | 2025 | 1.7800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$33,580 | $31,050 | ~$47,532 | $33,580 | 2025 | $28,595 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,048,985 | ~$2,048,985 | ~2.0139% | ~$41,265 | +8.9% |
| 2027 | ~$2,230,619 | ~$2,230,619 | ~1.9814% | ~$44,197 | +18.5% |
| 2028 | ~$2,428,356 | ~$2,428,356 | ~1.9488% | ~$47,325 | +29.0% |
| 2029 | ~$2,643,620 | ~$2,643,620 | ~1.9163% | ~$50,659 | +40.5% |
| 2030 | ~$2,877,967 | ~$2,877,967 | ~1.8837% | ~$54,213 | +52.9% |
| 2026 | ~$2,011,342 | ~$2,011,342 | ~2.0465% | ~$41,162 | +6.9% |
| 2027 | ~$2,149,413 | ~$2,149,413 | ~2.0465% | ~$43,987 | +14.2% |
| 2028 | ~$2,296,962 | ~$2,296,962 | ~2.0465% | ~$47,007 | +22.0% |
| 2029 | ~$2,454,640 | ~$2,454,640 | ~2.0465% | ~$50,234 | +30.4% |
| 2030 | ~$2,623,142 | ~$2,623,142 | ~2.0465% | ~$53,682 | +39.4% |
| 2026 | ~$2,086,627 | ~$2,070,354 | ~1.9977% | ~$41,359 | +10.9% |
| 2027 | ~$2,313,332 | ~$2,277,389 | ~1.9488% | ~$44,383 | +22.9% |
| 2028 | ~$2,564,667 | ~$2,505,128 | ~1.9000% | ~$47,598 | +36.3% |
| 2029 | ~$2,843,308 | ~$2,755,641 | ~1.8512% | ~$51,012 | +51.1% |
| 2030 | ~$3,152,223 | ~$3,031,205 | ~1.8024% | ~$54,634 | +67.5% |
In 2025, this property's market value of $1,882,140 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 | $1,882,140 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,580,515 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,496,060 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,424,663 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,340,000 | $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.