506 W 37 ST TX 78705
| Owner | MILLER J & E FAMILY LIMITED PARTNERSHIP |
|---|---|
| Parcel ID | 0218030607 |
| Short ID | 212549 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 11,736 SF |
| Land SF | 17,400 SF |
| Acres | 0.399 |
| Year Built | 1978 |
| Legal | LOT 2 RESUB OF LOT A FARLEY AND ASSOCIATES ADDN |
| Neighborhood | 06WC2 |
| Land | $1,740,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,740,000 |
| Improvement | $2,837,040 |
|---|---|
| Total Improvement | $2,837,040 |
| Market | $4,577,040 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,577,040 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,577,040 |
| Taxable Value | $4,577,040 |
|---|
Appreciation: Market value has risen +30.0% from $3,520,800 (2021) to $4,577,040 (2025), a CAGR of 6.8% over 4 years. This represents moderate, steady growth. 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 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 $93,668. 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 38% of market value ($1,740,000 land vs $2,837,040 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~48 yrs), and rent roll drive the underwriting.
Submarket Position: At $4,577,040, 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 +6.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,353,513 by 2030, with an estimated annual tax burden around $119,684. 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 | 8,820 SF | ✗ |
| SO | Sketch Only | 8,524 SF | ✗ |
| 1ST | 1st Floor | 4,048 SF | ✓ |
| 2ND | 2nd Floor | 3,844 SF | ✓ |
| 3RD | 3rd Floor | 3,844 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 1,494 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,494 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 1,494 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 409 | SOLAR/WIND DEVICES COMM | 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% | $37,764.64 | $37,764.64 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $21,389.23 | $21,389.23 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $15,341.17 | $15,341.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,817.44 | $4,817.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,220.56 | $4,220.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $83,533.04 | $83,533.04 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,080,795 | $4,577,040 | -10.8% |
| Assessed Value | $4,080,795 | $4,577,040 | -10.8% |
| Land Value | $1,740,000 | $1,740,000 | +0.0% |
| Improvement Value | $2,340,795 | $2,837,040 | -17.5% |
| Taxable Value | $4,080,795 | $4,577,040 | -10.8% |
| Total Tax 2026 = estimate |
~$83,513
Estimated
|
~$83,533
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,694,400 | $4,080,795 | -613,605 (-13.1%) |
| Taxable Value | $4,694,400 | $4,080,795 | -613,605 (-13.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,080,795 | $1,740,000 | $2,340,795 | — | $4,080,795 | $4,080,795 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,577,040 | $1,740,000 | $2,837,040 | — | $4,577,040 | $4,577,040 | ~$83,533 | Partial |
| 2024 | $3,931,560 | — | — | −$2,191,560 | $1,740,000 | $— | $80,893 | Verified |
| 2023 | $3,700,000 | — | — | −$1,960,000 | $1,740,000 | $— | $71,132 | Verified |
| 2022 | $3,579,480 | — | — | −$2,274,480 | $1,305,000 | $— | $73,072 | Verified |
| 2021 | $3,520,800 | — | — | −$2,215,800 | $1,305,000 | $— | $77,914 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.6% | +2.6% | ~100% | Not available | Partial |
| 2025 | +12.1% | +12.1% | ~100% | Not available | Partial |
| 2024 | +3.8% | +3.8% | ~100% | 1.9800% | Verified |
| 2023 | +6.3% | +6.3% | ~100% | 1.8100% | Verified |
| 2022 | +3.4% | +3.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.8% | +3.4% | +9.4% | +16.4% | 2025 | -10.8% | 2026 |
| Assessment Ratio | 100.0% | 60.8% | — | 100.0% | 2025 | 36.5% | 2022 |
| Effective Tax Rate (2025) | 1.8300% | 1.8300% | — | 1.8300% | 2025 | 1.8300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$83,533 | $77,309 | ~$108,826 | $83,533 | 2025 | $71,132 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,887,317 | ~$4,887,317 | ~2.0139% | ~$98,427 | +6.8% |
| 2027 | ~$5,218,629 | ~$5,218,629 | ~1.9814% | ~$103,401 | +14.0% |
| 2028 | ~$5,572,399 | ~$5,572,399 | ~1.9488% | ~$108,597 | +21.7% |
| 2029 | ~$5,950,152 | ~$5,950,152 | ~1.9163% | ~$114,022 | +30.0% |
| 2030 | ~$6,353,513 | ~$6,353,513 | ~1.8837% | ~$119,684 | +38.8% |
| 2026 | ~$4,795,777 | ~$4,795,777 | ~2.0465% | ~$98,145 | +4.8% |
| 2027 | ~$5,024,967 | ~$5,024,967 | ~2.0465% | ~$102,835 | +9.8% |
| 2028 | ~$5,265,110 | ~$5,265,110 | ~2.0465% | ~$107,750 | +15.0% |
| 2029 | ~$5,516,729 | ~$5,516,729 | ~2.0465% | ~$112,899 | +20.5% |
| 2030 | ~$5,780,373 | ~$5,780,373 | ~2.0465% | ~$118,294 | +26.3% |
| 2026 | ~$4,978,858 | ~$4,978,858 | ~1.9977% | ~$99,461 | +8.8% |
| 2027 | ~$5,415,952 | ~$5,415,952 | ~1.9488% | ~$105,548 | +18.3% |
| 2028 | ~$5,891,418 | ~$5,891,418 | ~1.9000% | ~$111,938 | +28.7% |
| 2029 | ~$6,408,626 | ~$6,408,626 | ~1.8512% | ~$118,636 | +40.0% |
| 2030 | ~$6,971,239 | ~$6,971,239 | ~1.8024% | ~$125,648 | +52.3% |
In 2025, this property's market value of $4,577,040 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 9× 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 | $4,577,040 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $3,931,560 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $3,700,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $3,579,480 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,520,800 | $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.