507 W 33 ST TX
| Owner | HATFIELD THOMAS M & CAROL S |
|---|---|
| Parcel ID | 0218031901 |
| Short ID | 212758 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,100 SF |
| Land SF | 12,147 SF |
| Acres | 0.279 |
| Year Built | 1920 |
| Legal | N94.5FT OF LOT 44&46 * & 30X20FT IN LOT 44 BLK 5 OLT 74 DIV D ALDRIDGE PLACE |
| Neighborhood | Z50005 |
| Land | $795,218 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $795,218 |
| Improvement | $293,575 |
|---|---|
| Total Improvement | $293,575 |
| Market | $1,088,793 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,088,793 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,088,793 |
| Taxable Value | $1,088,793 |
|---|
Appreciation: Market value has risen +36.8% from $796,100 (2021) to $1,088,793 (2025), a CAGR of 8.1% over 4 years. This is strong appreciation — well above typical inflation. 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 $22,282. 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 73% of market value ($795,218 land vs $293,575 improvements), about $65/SF of land. With value concentrated in the land under a ~106-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 $1,088,793, 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 +8.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,610,339 by 2030, with an estimated annual tax burden around $30,335. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 1,652 SF | ✓ |
| 1ST | 1st Floor | 1,448 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 234 SF | ✗ |
| 031 | GARAGE DET 1ST F | 180 SF | ✓ |
| 251 | BATHROOM | 4 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% | $10,073.51 | $10,073.51 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,705.46 | $5,705.46 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,092.17 | $4,092.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,285.03 | $1,285.03 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,125.81 | $1,125.81 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,281.98 | $22,281.98 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,125,889 | $1,088,793 | +3.4% |
| Assessed Value | $1,125,889 | $1,088,793 | +3.4% |
| Land Value | $795,218 | $795,218 | +0.0% |
| Improvement Value | $330,671 | $293,575 | +12.6% |
| Taxable Value | $1,125,889 | $1,088,793 | +3.4% |
| Total Tax 2026 = estimate |
~$23,041
Estimated
|
~$22,282
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,337,001 | $1,125,889 | -211,112 (-15.8%) |
| Taxable Value | $1,306,552 | $1,125,889 | -180,663 (-13.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,125,889 | $795,218 | $330,671 | — | $1,125,889 | $1,125,889 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,088,793 | $795,218 | $293,575 | — | $1,088,793 | $1,088,793 | ~$22,282 | Partial |
| 2024 | $1,102,970 | — | — | −$202,970 | $900,000 | $— | $24,681 | Verified |
| 2023 | $1,225,505 | — | — | −$673,005 | $552,500 | $— | $19,955 | Verified |
| 2022 | $1,009,157 | — | — | −$456,657 | $552,500 | $— | $24,203 | Verified |
| 2021 | $796,100 | — | — | −$243,600 | $552,500 | $— | $21,966 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.8% | +20.0% | 97.7% | Not available | Partial |
| 2025 | -12.6% | -12.6% | ~100% | Not available | Partial |
| 2024 | +12.9% | +12.9% | ~100% | 1.9800% | Verified |
| 2023 | -14.4% | -14.4% | ~100% | 1.8100% | Verified |
| 2022 | +27.7% | +27.7% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.7600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +7.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.4% | +8.1% | +7.4% | +26.8% | 2022 | -10.0% | 2024 |
| Assessment Ratio | 100.0% | 75.1% | — | 100.0% | 2025 | 45.1% | 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 |
$22,282 | $22,617 | ~$26,929 | $24,681 | 2024 | $19,955 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,177,443 | ~$1,177,443 | ~2.0139% | ~$23,713 | +8.1% |
| 2027 | ~$1,273,310 | ~$1,273,310 | ~1.9814% | ~$25,229 | +16.9% |
| 2028 | ~$1,376,983 | ~$1,376,983 | ~1.9488% | ~$26,835 | +26.5% |
| 2029 | ~$1,489,097 | ~$1,489,097 | ~1.9163% | ~$28,535 | +36.8% |
| 2030 | ~$1,610,339 | ~$1,610,339 | ~1.8837% | ~$30,335 | +47.9% |
| 2026 | ~$1,155,667 | ~$1,155,667 | ~2.0465% | ~$23,651 | +6.1% |
| 2027 | ~$1,226,648 | ~$1,226,648 | ~2.0465% | ~$25,103 | +12.7% |
| 2028 | ~$1,301,989 | ~$1,301,989 | ~2.0465% | ~$26,645 | +19.6% |
| 2029 | ~$1,381,957 | ~$1,381,957 | ~2.0465% | ~$28,282 | +26.9% |
| 2030 | ~$1,466,837 | ~$1,466,837 | ~2.0465% | ~$30,019 | +34.7% |
| 2026 | ~$1,199,218 | ~$1,197,672 | ~1.9977% | ~$23,925 | +10.1% |
| 2027 | ~$1,320,843 | ~$1,317,440 | ~1.9488% | ~$25,675 | +21.3% |
| 2028 | ~$1,454,803 | ~$1,449,183 | ~1.9000% | ~$27,535 | +33.6% |
| 2029 | ~$1,602,350 | ~$1,594,102 | ~1.8512% | ~$29,510 | +47.2% |
| 2030 | ~$1,764,860 | ~$1,753,512 | ~1.8024% | ~$31,605 | +62.1% |
In 2025, this property's market value of $1,088,793 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +109% 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 | $1,088,793 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,102,970 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,225,505 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,009,157 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $796,100 | $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.