624 W 37 ST TX 78705
| Owner | JOSEPH COMPANIES-624 W 37TH LLC |
|---|---|
| Parcel ID | 0218030405 |
| Short ID | 212539 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,048 SF |
| Land SF | 8,355 SF |
| Acres | 0.192 |
| Year Built | 1974 |
| Legal | LOT 1 * LESS E2.5FT&W4.5FT OF BLK 4 OLT 76 DIV D BUDDINGTON SUBD |
| Neighborhood | 05WC2 |
| Land | $835,500 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $835,500 |
| Improvement | $664,500 |
|---|---|
| Total Improvement | $664,500 |
| Market | $1,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,500,000 |
| Taxable Value | $1,500,000 |
|---|
Appreciation: Market value has risen +48.2% from $1,012,000 (2021) to $1,500,000 (2025), a CAGR of 10.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $30,697. 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 56% of market value ($835,500 land vs $664,500 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 $1,500,000, 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 +10.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,453,182 by 2030, with an estimated annual tax burden around $45,507. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 2,400 SF | ✗ |
| 1ST | 1st Floor | 2,024 SF | ✓ |
| 2ND | 2nd Floor | 2,024 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,050 SF | ✗ |
| SO | Sketch Only | 840 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 324 SF | ✗ |
| 581C | STORAGE ATT COMM | 300 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 216 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $13,878.00 | $13,878.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,860.26 | $7,860.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,637.68 | $5,637.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,770.35 | $1,770.35 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,551.00 | $1,551.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $30,697.29 | $30,697.29 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,460,000 | $1,500,000 | -2.7% |
| Assessed Value | $1,460,000 | $1,500,000 | -2.7% |
| Land Value | $835,500 | $835,500 | +0.0% |
| Improvement Value | $624,500 | $664,500 | -6.0% |
| Taxable Value | $1,460,000 | $1,500,000 | -2.7% |
| Total Tax 2026 = estimate |
~$29,879
Estimated
|
~$30,697
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,538,240 | $1,460,000 | -78,240 (-5.1%) |
| Taxable Value | $1,538,240 | $1,460,000 | -78,240 (-5.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,460,000 | $835,500 | $624,500 | — | $1,460,000 | $1,460,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,500,000 | $835,500 | $664,500 | — | $1,500,000 | $1,500,000 | ~$30,697 | Partial |
| 2024 | $1,153,680 | — | — | −$318,180 | $835,500 | $— | $27,437 | Verified |
| 2023 | $1,052,480 | — | — | −$216,980 | $835,500 | $— | $20,873 | Verified |
| 2022 | $1,030,000 | — | — | −$403,375 | $626,625 | $— | $20,786 | Verified |
| 2021 | $1,012,000 | — | — | −$385,375 | $626,625 | $— | $22,420 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.5% | +2.5% | ~100% | Not available | Partial |
| 2025 | +5.9% | +8.3% | ~100% | Not available | Partial |
| 2024 | +22.8% | +20.0% | 97.7% | 1.9400% | Verified |
| 2023 | +9.6% | +9.6% | ~100% | 1.8100% | Verified |
| 2022 | +2.2% | +2.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +45.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.7% | +8.2% | +10.9% | +30.0% | 2025 | -2.7% | 2026 |
| Assessment Ratio | 100.0% | 79.1% | — | 100.0% | 2025 | 60.8% | 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 |
$30,697 | $24,442 | ~$39,139 | $30,697 | 2025 | $20,786 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,655,080 | ~$1,650,000 | ~2.0139% | ~$33,230 | +10.3% |
| 2027 | ~$1,826,193 | ~$1,815,000 | ~1.9814% | ~$35,962 | +21.7% |
| 2028 | ~$2,014,997 | ~$1,996,500 | ~1.9488% | ~$38,909 | +34.3% |
| 2029 | ~$2,223,320 | ~$2,196,150 | ~1.9163% | ~$42,085 | +48.2% |
| 2030 | ~$2,453,182 | ~$2,415,765 | ~1.8837% | ~$45,507 | +63.5% |
| 2026 | ~$1,625,080 | ~$1,625,080 | ~2.0465% | ~$33,257 | +8.3% |
| 2027 | ~$1,760,590 | ~$1,760,590 | ~2.0465% | ~$36,030 | +17.4% |
| 2028 | ~$1,907,399 | ~$1,907,399 | ~2.0465% | ~$39,035 | +27.2% |
| 2029 | ~$2,066,451 | ~$2,066,451 | ~2.0465% | ~$42,290 | +37.8% |
| 2030 | ~$2,238,765 | ~$2,238,765 | ~2.0465% | ~$45,816 | +49.3% |
| 2026 | ~$1,685,080 | ~$1,650,000 | ~1.9977% | ~$32,961 | +12.3% |
| 2027 | ~$1,892,996 | ~$1,815,000 | ~1.9488% | ~$35,371 | +26.2% |
| 2028 | ~$2,126,566 | ~$1,996,500 | ~1.9000% | ~$37,934 | +41.8% |
| 2029 | ~$2,388,956 | ~$2,196,150 | ~1.8512% | ~$40,655 | +59.3% |
| 2030 | ~$2,683,721 | ~$2,415,765 | ~1.8024% | ~$43,541 | +78.9% |
In 2025, this property's market value of $1,500,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +189% 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 | $1,500,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,153,680 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,052,480 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,030,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,012,000 | $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.