608 CAROLYN AVE TX 78705
| Owner | HANSELL PHILIP RAY & HARRIET NG |
|---|---|
| Parcel ID | 0217061506 |
| Short ID | 211706 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,046 SF |
| Land SF | 7,060 SF |
| Acres | 0.162 |
| Year Built | 1933 |
| Legal | LOT 5 BLK 5 OLT 7-8 DIV C HARPERS SUBD |
| Neighborhood | Z64005 |
| Land | $543,552 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $543,552 |
| Improvement | $126,004 |
|---|---|
| Total Improvement | $126,004 |
| Market | $669,556 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $669,556 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $669,556 |
| Taxable Value | $669,556 |
|---|
Appreciation: Market value has risen +26.6% from $528,800 (2021) to $669,556 (2025), a CAGR of 6.1% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), 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 $13,702. 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 81% of market value ($543,552 land vs $126,004 improvements), about $77/SF of land. With value concentrated in the land under a ~93-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 $669,556, 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 +6.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $899,303 by 2030, with an estimated annual tax burden around $16,941. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,046 SF | ✓ |
| 031 | GARAGE DET 1ST F | 324 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 170 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 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% | $6,194.73 | $6,194.73 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,508.59 | $3,508.59 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,516.49 | $2,516.49 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $790.23 | $790.23 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $692.32 | $692.32 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,702.36 | $13,702.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $849,375 | $669,556 | +26.9% |
| Assessed Value | $803,467 | $669,556 | +20.0% |
| Land Value | $525,526 | $543,552 | -3.3% |
| Improvement Value | $323,849 | $126,004 | +157.0% |
| Taxable Value | $803,467 | $669,556 | +20.0% |
| HS Cap Loss | -$45,908 | — | |
| Total Tax 2026 = estimate |
~$16,443
Estimated
|
~$13,702
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $880,181 | $849,375 | -30,806 (-3.5%) |
| Taxable Value | $803,467 | $803,467 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $849,375 | $525,526 | $323,849 | −$45,908 | $803,467 | $803,467 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $669,556 | $543,552 | $126,004 | — | $669,556 | $669,556 | ~$13,702 | Partial |
| 2024 | $760,500 | — | — | −$10,500 | $750,000 | $— | $15,193 | Verified |
| 2023 | $845,000 | — | — | −$495,000 | $350,000 | $— | $13,759 | Verified |
| 2022 | $618,400 | — | — | −$268,400 | $350,000 | $— | $16,688 | Verified |
| 2021 | $528,800 | — | — | −$203,800 | $325,000 | $— | $13,461 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +31.5% | +20.0% | 91.3% | Not available | Partial |
| 2025 | -12.7% | -12.7% | ~100% | Not available | Partial |
| 2024 | +0.8% | +0.8% | ~100% | 1.9800% | Verified |
| 2023 | -17.1% | -17.1% | ~100% | 1.8100% | Verified |
| 2022 | +48.3% | +48.3% | ~100% | 1.8200% | Verified |
| 2021 | base year | — | ~100% | 2.5500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +26.9% | +11.7% | +1.6% | +36.6% | 2023 | -12.0% | 2025 |
| Assessment Ratio | 94.6% | 75.5% | — | 100.0% | 2025 | 41.4% | 2023 |
| 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 |
$13,702 | $14,561 | ~$15,599 | $16,688 | 2022 | $13,461 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$710,249 | ~$710,249 | ~2.0139% | ~$14,304 | +6.1% |
| 2027 | ~$753,416 | ~$753,416 | ~1.9814% | ~$14,928 | +12.5% |
| 2028 | ~$799,206 | ~$799,206 | ~1.9488% | ~$15,575 | +19.4% |
| 2029 | ~$847,778 | ~$847,778 | ~1.9163% | ~$16,246 | +26.6% |
| 2030 | ~$899,303 | ~$899,303 | ~1.8837% | ~$16,941 | +34.3% |
| 2026 | ~$696,858 | ~$696,858 | ~2.0465% | ~$14,261 | +4.1% |
| 2027 | ~$725,274 | ~$725,274 | ~2.0465% | ~$14,843 | +8.3% |
| 2028 | ~$754,848 | ~$754,848 | ~2.0465% | ~$15,448 | +12.7% |
| 2029 | ~$785,628 | ~$785,628 | ~2.0465% | ~$16,078 | +17.3% |
| 2030 | ~$817,663 | ~$817,663 | ~2.0465% | ~$16,733 | +22.1% |
| 2026 | ~$723,640 | ~$723,640 | ~1.9977% | ~$14,456 | +8.1% |
| 2027 | ~$782,093 | ~$782,093 | ~1.9488% | ~$15,242 | +16.8% |
| 2028 | ~$845,268 | ~$845,268 | ~1.9000% | ~$16,060 | +26.2% |
| 2029 | ~$913,546 | ~$913,546 | ~1.8512% | ~$16,912 | +36.4% |
| 2030 | ~$987,339 | ~$987,339 | ~1.8024% | ~$17,796 | +47.5% |
In 2025, this property's market value of $669,556 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +29% 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 | $669,556 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $760,500 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $845,000 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $618,400 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $528,800 | $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.