3408 SPEEDWAY TX 78705
| Owner | DETRICK-GOURLEY PARTNERSHIP |
|---|---|
| Parcel ID | 0218040917 |
| Short ID | 212980 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,800 SF |
| Land SF | 8,553 SF |
| Acres | 0.196 |
| Year Built | 1972 |
| Legal | LOT 9 BLK 1 OLT 77 DIV D BOES C J RESUB OF BUDDINGTON |
| Neighborhood | 05WC2 |
| Land | $684,240 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $684,240 |
| Improvement | $667,760 |
|---|---|
| Total Improvement | $667,760 |
| Market | $1,352,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,352,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$19,162 |
| Net Appraised (assessed) | $1,332,838 |
| Taxable Value | $1,332,838 |
|---|
Appreciation: Market value has risen +30.6% from $1,035,000 (2021) to $1,352,000 (2025), a CAGR of 6.9% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2025→2026), 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 $27,276. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,332,838) is $19,162 below market value, suggesting potential for an upward assessment in future years.
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 51% of market value ($684,240 land vs $667,760 improvements), about $80/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,352,000, 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 +6.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,888,088 by 2030, with an estimated annual tax burden around $35,567. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 4,110 SF | ✗ |
| 1ST | 1st Floor | 2,402 SF | ✓ |
| 2ND | 2nd Floor | 2,398 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 332 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 332 SF | ✗ |
| 541 | FENCE COMM LF | 300 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 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% | $11,569.07 | $11,569.07 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,552.52 | $6,552.52 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,699.72 | $4,699.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,475.81 | $1,475.81 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,292.95 | $1,292.95 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $25,590.07 | $25,590.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,064,000 | $1,352,000 | +52.7% |
| Assessed Value | $1,500,528 | $1,332,838 | +12.6% |
| Land Value | $684,240 | $684,240 | +0.0% |
| Improvement Value | $1,379,760 | $667,760 | +106.6% |
| Taxable Value | $1,500,528 | $1,332,838 | +12.6% |
| HS Cap Loss | -$563,472 | — | |
| Total Tax 2026 = estimate |
~$30,708
Estimated
|
~$25,590
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,064,000 | $2,064,000 | +0 (+0.0%) |
| Taxable Value | $1,500,528 | $1,500,528 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,064,000 | $684,240 | $1,379,760 | −$563,472 | $1,500,528 | $1,500,528 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,352,000 | $684,240 | $667,760 | −$19,162 | $1,332,838 | $1,332,838 | ~$25,590 | Partial |
| 2024 | $1,110,698 | — | — | −$426,458 | $684,240 | $— | $22,012 | Verified |
| 2023 | $1,060,918 | — | — | −$376,678 | $684,240 | $— | $20,223 | Verified |
| 2022 | $1,010,000 | — | — | −$325,760 | $684,240 | $— | $21,016 | Verified |
| 2021 | $1,035,000 | — | — | −$350,760 | $684,240 | $— | $22,184 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +52.7% | +12.6% | 72.7% | Not available | Partial |
| 2025 | +21.7% | +20.0% | 98.6% | Not available | Partial |
| 2024 | -10.4% | -10.4% | ~100% | 1.9800% | Verified |
| 2023 | +10.2% | +10.2% | ~100% | 1.6300% | Verified |
| 2022 | -6.2% | -6.2% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +52.7% | +16.3% | -0.5% | +52.7% | 2026 | -2.4% | 2022 |
| Assessment Ratio | 72.7% | 71.9% | — | 98.6% | 2025 | 61.6% | 2024 |
| Effective Tax Rate (2025) | 1.8900% | 1.8900% | — | 1.8900% | 2025 | 1.8900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$25,590 | $22,205 | ~$32,266 | $25,590 | 2025 | $20,223 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,445,392 | ~$1,445,392 | ~2.0139% | ~$29,109 | +6.9% |
| 2027 | ~$1,545,236 | ~$1,545,236 | ~1.9814% | ~$30,617 | +14.3% |
| 2028 | ~$1,651,977 | ~$1,651,977 | ~1.9488% | ~$32,194 | +22.2% |
| 2029 | ~$1,766,091 | ~$1,766,091 | ~1.9163% | ~$33,843 | +30.6% |
| 2030 | ~$1,888,088 | ~$1,888,088 | ~1.8837% | ~$35,567 | +39.7% |
| 2026 | ~$1,418,352 | ~$1,418,352 | ~2.0465% | ~$29,026 | +4.9% |
| 2027 | ~$1,487,961 | ~$1,487,961 | ~2.0465% | ~$30,451 | +10.1% |
| 2028 | ~$1,560,986 | ~$1,560,986 | ~2.0465% | ~$31,945 | +15.5% |
| 2029 | ~$1,637,595 | ~$1,637,595 | ~2.0465% | ~$33,513 | +21.1% |
| 2030 | ~$1,717,964 | ~$1,717,964 | ~2.0465% | ~$35,158 | +27.1% |
| 2026 | ~$1,472,432 | ~$1,466,122 | ~1.9977% | ~$29,288 | +8.9% |
| 2027 | ~$1,603,593 | ~$1,603,593 | ~1.9488% | ~$31,251 | +18.6% |
| 2028 | ~$1,746,436 | ~$1,746,436 | ~1.9000% | ~$33,183 | +29.2% |
| 2029 | ~$1,902,004 | ~$1,902,004 | ~1.8512% | ~$35,210 | +40.7% |
| 2030 | ~$2,071,429 | ~$2,071,429 | ~1.8024% | ~$37,335 | +53.2% |
In 2025, this property's market value of $1,352,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +160% 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 | $1,352,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,110,698 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,060,918 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,010,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,035,000 | $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.