606 HARRIS AVE AUSTIN, TX 78705
| Owner | EDWARDS NANA PENELOPE |
|---|---|
| Parcel ID | 0217061406 |
| Short ID | 211695 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,752 SF |
| Land SF | 6,404 SF |
| Acres | 0.147 |
| Year Built | 1939 |
| Legal | E 40FT OF LOT 4 *& W5FT OF LOT 5 BLK 6 OLT 7-8 DIV C HARPERS SUBD |
| Neighborhood | Z64005 |
| Land | $532,061 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $532,061 |
| Improvement | $142,140 |
|---|---|
| Total Improvement | $142,140 |
| Market | $674,201 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $674,201 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $674,201 |
| Exemptions (−) (HS,OV65) | −$210,640 |
|---|---|
| Taxable Value | $463,561 |
Appreciation: Market value has risen +39.0% from $485,100 (2021) to $674,201 (2025), a CAGR of 8.6% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $9,487. Austin ISD is the largest single contributor, at 39.1% 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 79% of market value ($532,061 land vs $142,140 improvements), about $83/SF of land. With value concentrated in the land under a ~87-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 $674,201, 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 +8.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,017,389 by 2030, with an estimated annual tax burden around $19,165. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 1,752 SF | ✗ |
| 1ST | 1st Floor | 876 SF | ✓ |
| 2ND | 2nd Floor | 876 SF | ✓ |
| 031 | GARAGE DET 1ST F | 440 SF | ✓ |
| 512 | DECK UNCOVRED | 101 SF | ✗ |
| 513 | DECK COVERED | 28 SF | ✗ |
| 251 | BATHROOM | 2 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% | $3,118.86 | $3,118.86 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,173.52 | $2,173.52 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,742.27 | $1,742.27 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $497.56 | $497.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $434.29 | $434.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $7,966.50 | $7,966.50 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $818,563 | $674,201 | +21.4% |
| Assessed Value | $775,331 | $674,201 | +15.0% |
| Land Value | $514,561 | $532,061 | -3.3% |
| Improvement Value | $304,002 | $142,140 | +113.9% |
| Taxable Value | $555,900 | $463,561 | +19.9% |
| Exemptions | HS,OV65 | HS,OV65 | |
| HS Cap Loss | -$43,232 | — | |
| Total Tax 2026 = estimate |
~$11,376
Estimated
|
~$7,966
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $818,563 | $818,563 | +0 (+0.0%) |
| Taxable Value | $557,949 | $555,900 | -2,049 (-0.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $818,563 | $514,561 | $304,002 | −$43,232 | $775,331 | $555,900 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $674,201 | $532,061 | $142,140 | — | $674,201 | $463,561 | ~$7,966 | Partial |
| 2024 | $744,955 | — | — | — | $750,000 ! | $— | $10,290 | Verified |
| 2023 | $744,955 | — | — | −$394,955 | $350,000 | $— | $8,415 | Verified |
| 2022 | $643,800 | — | — | −$293,800 | $350,000 | $— | $10,325 | Verified |
| 2021 | $485,100 | — | — | −$160,100 | $325,000 | $— | $9,967 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +21.4% | +15.0% | 94.7% | Not available | Partial |
| 2025 | -21.3% | -13.9% | ~100% | Not available | Partial |
| 2024 | +15.0% | +12.7% | 91.5% | 1.2000% | Verified |
| 2023 | -3.2% | +2.5% | 93.3% | 1.1300% | Verified |
| 2022 | +19.6% | +15.2% | 88.1% | 1.3400% | Verified |
| 2021 | base year | — | 91.4% | 2.0500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +21.4% | +12.1% | +4.7% | +32.7% | 2022 | -9.5% | 2025 |
| Assessment Ratio | 94.7% | 77.3% | — | 100.7% | 2024 | 47.0% | 2023 |
| Effective Tax Rate (2025) | 1.1800% | 1.1800% | — | 1.1800% | 2025 | 1.1800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$7,966 | $9,393 | ~$16,886 | $10,325 | 2022 | $7,966 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$732,030 | ~$732,030 | ~2.0139% | ~$14,743 | +8.6% |
| 2027 | ~$794,819 | ~$794,819 | ~1.9814% | ~$15,748 | +17.9% |
| 2028 | ~$862,994 | ~$862,994 | ~1.9488% | ~$16,818 | +28.0% |
| 2029 | ~$937,017 | ~$937,017 | ~1.9163% | ~$17,956 | +39.0% |
| 2030 | ~$1,017,389 | ~$1,017,389 | ~1.8837% | ~$19,165 | +50.9% |
| 2026 | ~$718,546 | ~$718,546 | ~2.0465% | ~$14,705 | +6.6% |
| 2027 | ~$765,808 | ~$765,808 | ~2.0465% | ~$15,672 | +13.6% |
| 2028 | ~$816,178 | ~$816,178 | ~2.0465% | ~$16,703 | +21.1% |
| 2029 | ~$869,862 | ~$869,862 | ~2.0465% | ~$17,802 | +29.0% |
| 2030 | ~$927,076 | ~$927,076 | ~2.0465% | ~$18,972 | +37.5% |
| 2026 | ~$745,514 | ~$741,621 | ~1.9977% | ~$14,815 | +10.6% |
| 2027 | ~$824,370 | ~$815,783 | ~1.9488% | ~$15,898 | +22.3% |
| 2028 | ~$911,567 | ~$897,362 | ~1.9000% | ~$17,050 | +35.2% |
| 2029 | ~$1,007,988 | ~$987,098 | ~1.8512% | ~$18,273 | +49.5% |
| 2030 | ~$1,114,607 | ~$1,085,807 | ~1.8024% | ~$19,570 | +65.3% |
In 2025, this property's market value of $674,201 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +30% 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 | $674,201 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $744,955 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $744,955 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $643,800 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $485,100 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.