505 TEXAS AVE TX 78705
| Owner | 505 TEXAS LLC |
|---|---|
| Parcel ID | 0217061103 |
| Short ID | 211639 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,256 SF |
| Land SF | 7,299 SF |
| Acres | 0.168 |
| Year Built | 1929 |
| Legal | W 13FT OF LOT 8 & E39FT LOT 9 BLK 2 OLT 7-8 DIV C HARPERS SUBD |
| Neighborhood | Z64005 |
| Land | $547,732 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $547,732 |
| Improvement | $159,586 |
|---|---|
| Total Improvement | $159,586 |
| Market | $707,318 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $707,318 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $707,318 |
| Taxable Value | $707,318 |
|---|
Appreciation: Market value has risen +16.2% from $608,852 (2021) to $707,318 (2025), a CAGR of 3.8% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $14,475. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 77% of market value ($547,732 land vs $159,586 improvements), about $75/SF of land. With value concentrated in the land under a ~97-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 $707,318, this parcel sits in the upper-middle (50th–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 +3.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $853,087 by 2030, with an estimated annual tax burden around $16,070. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,256 SF | ✗ |
| 1ST | 1st Floor | 1,128 SF | ✓ |
| 2ND | 2nd Floor | 1,128 SF | ✓ |
| 031 | GARAGE DET 1ST F | 324 SF | ✓ |
| 251 | BATHROOM | 2 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% | $6,544.11 | $6,544.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,706.47 | $3,706.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,658.42 | $2,658.42 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $834.80 | $834.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $731.37 | $731.37 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,475.17 | $14,475.17 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $826,603 | $707,318 | +16.9% |
| Assessed Value | $826,603 | $707,318 | +16.9% |
| Land Value | $527,616 | $547,732 | -3.7% |
| Improvement Value | $298,987 | $159,586 | +87.4% |
| Taxable Value | $826,603 | $707,318 | +16.9% |
| Total Tax 2026 = estimate |
~$16,916
Estimated
|
~$14,475
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,050,264 | $826,603 | -223,661 (-21.3%) |
| Taxable Value | $848,782 | $826,603 | -22,179 (-2.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $826,603 | $527,616 | $298,987 | — | $826,603 | $826,603 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $707,318 | $547,732 | $159,586 | — | $707,318 | $707,318 | ~$14,475 | Partial |
| 2024 | $785,603 | — | — | −$60,603 | $725,000 | $— | $14,368 | Verified |
| 2023 | $880,425 | — | — | −$530,425 | $350,000 | $— | $14,214 | Verified |
| 2022 | $887,616 | — | — | −$537,616 | $350,000 | $— | $17,388 | Verified |
| 2021 | $608,852 | — | — | −$283,852 | $325,000 | $— | $19,321 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +48.5% | +20.0% | 80.8% | Not available | Partial |
| 2025 | -2.4% | -2.4% | ~100% | Not available | Partial |
| 2024 | -7.7% | -7.7% | ~100% | 1.9800% | Verified |
| 2023 | -10.8% | -10.8% | ~100% | 1.8100% | Verified |
| 2022 | -0.8% | -0.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -20.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +16.9% | +8.2% | +0.8% | +45.8% | 2022 | -10.8% | 2024 |
| Assessment Ratio | 100.0% | 70.8% | — | 100.0% | 2025 | 39.4% | 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 |
$14,475 | $15,953 | ~$15,427 | $19,321 | 2021 | $14,214 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$734,329 | ~$734,329 | ~2.0139% | ~$14,789 | +3.8% |
| 2027 | ~$762,371 | ~$762,371 | ~1.9814% | ~$15,106 | +7.8% |
| 2028 | ~$791,484 | ~$791,484 | ~1.9488% | ~$15,425 | +11.9% |
| 2029 | ~$821,708 | ~$821,708 | ~1.9163% | ~$15,746 | +16.2% |
| 2030 | ~$853,087 | ~$853,087 | ~1.8837% | ~$16,070 | +20.6% |
| 2026 | ~$720,182 | ~$720,182 | ~2.0465% | ~$14,738 | +1.8% |
| 2027 | ~$733,280 | ~$733,280 | ~2.0465% | ~$15,006 | +3.7% |
| 2028 | ~$746,617 | ~$746,617 | ~2.0465% | ~$15,279 | +5.6% |
| 2029 | ~$760,196 | ~$760,196 | ~2.0465% | ~$15,557 | +7.5% |
| 2030 | ~$774,022 | ~$774,022 | ~2.0465% | ~$15,840 | +9.4% |
| 2026 | ~$748,475 | ~$748,475 | ~1.9977% | ~$14,952 | +5.8% |
| 2027 | ~$792,027 | ~$792,027 | ~1.9488% | ~$15,435 | +12.0% |
| 2028 | ~$838,113 | ~$838,113 | ~1.9000% | ~$15,924 | +18.5% |
| 2029 | ~$886,880 | ~$886,880 | ~1.8512% | ~$16,418 | +25.4% |
| 2030 | ~$938,486 | ~$938,486 | ~1.8024% | ~$16,915 | +32.7% |
In 2025, this property's market value of $707,318 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +36% 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 | $707,318 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $785,603 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $880,425 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $887,616 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $608,852 | $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.