515 E 40 ST TX 78751
| Owner | BROWN ZACHARY & AMANDA C |
|---|---|
| Parcel ID | 0218060910 |
| Short ID | 213224 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,249 SF |
| Land SF | 7,651 SF |
| Acres | 0.176 |
| Year Built | 1924 |
| Legal | LOT 19-20 BLK 5 OLT 12 DIV C OAKLAWN ADDN |
| Neighborhood | Z64005 |
| Land | $378,896 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $378,896 |
| Improvement | $303,183 |
|---|---|
| Total Improvement | $303,183 |
| Market | $682,079 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $682,079 |
| Value Limitation Adjustment (−) (homestead cap) | −$47,458 |
| Net Appraised (assessed) | $634,621 |
| Exemptions (−) (HS) | −$126,924 |
|---|---|
| Taxable Value | $507,697 |
Appreciation: Market value has risen +7.6% from $634,100 (2021) to $682,079 (2025), a CAGR of 1.8% over 4 years. Growth has been relatively flat for this asset class. 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 $10,390. Austin ISD is the largest single contributor, at 44.0% of the total 2025 levy.
Assessment Gap: Assessed value ($634,621) is $47,458 below market value, suggesting potential for an upward assessment in future years.
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 56% of market value ($378,896 land vs $303,183 improvements), about $50/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $682,079, 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 +1.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $747,190 by 2030, with an estimated annual tax burden around $14,075. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,249 SF | ✗ |
| 1ST | 1st Floor | 1,209 SF | ✓ |
| 2ND | 2nd Floor | 1,040 SF | ✓ |
| 031 | GARAGE DET 1ST F | 660 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 263 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 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% | $4,576.23 | $4,576.23 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,660.42 | $2,660.42 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,908.15 | $1,908.15 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $649.64 | $649.64 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $599.20 | $599.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,393.64 | $10,393.64 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,113,707 | $682,079 | +63.3% |
| Assessed Value | $698,083 | $634,621 | +10.0% |
| Land Value | $530,698 | $378,896 | +40.1% |
| Improvement Value | $583,009 | $303,183 | +92.3% |
| Taxable Value | $558,466 | $507,697 | +10.0% |
| Exemptions | HS | HS | |
| HS Cap Loss | -$415,624 | — | |
| Total Tax 2026 = estimate |
~$11,429
Estimated
|
~$10,394
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,113,707 | $1,113,707 | +0 (+0.0%) |
| Taxable Value | $558,466 | $558,466 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,113,707 | $530,698 | $583,009 | −$415,624 | $698,083 | $558,466 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $682,079 | $378,896 | $303,183 | −$47,458 | $634,621 | $507,697 | ~$10,394 | Partial |
| 2024 | $834,494 | — | — | −$484,494 | $350,000 | $— | $9,404 | Verified |
| 2023 | $935,217 | — | — | −$585,217 | $350,000 | $— | $15,098 | Verified |
| 2022 | $735,300 | — | — | −$385,300 | $350,000 | $— | $18,470 | Verified |
| 2021 | $634,100 | — | — | −$309,100 | $325,000 | $— | $16,005 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +63.3% | +10.0% | 62.7% | Not available | Partial |
| 2025 | +18.2% | +10.0% | 93.0% | Not available | Partial |
| 2024 | -30.9% | -30.9% | ~100% | 1.6300% | Verified |
| 2023 | -10.8% | -10.8% | ~100% | 1.8100% | Verified |
| 2022 | +27.2% | +27.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -7.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +63.3% | +15.5% | -6.1% | +63.3% | 2026 | -18.3% | 2025 |
| Assessment Ratio | 62.7% | 55.6% | — | 93.0% | 2025 | 37.4% | 2023 |
| Effective Tax Rate (2025) | 1.5200% | 1.5200% | — | 1.5200% | 2025 | 1.5200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$10,394 | $13,874 | ~$14,036 | $18,470 | 2022 | $9,404 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$694,631 | ~$694,631 | ~2.0139% | ~$13,989 | +1.8% |
| 2027 | ~$707,413 | ~$707,413 | ~1.9814% | ~$14,017 | +3.7% |
| 2028 | ~$720,431 | ~$720,431 | ~1.9488% | ~$14,040 | +5.6% |
| 2029 | ~$733,688 | ~$733,688 | ~1.9163% | ~$14,060 | +7.6% |
| 2030 | ~$747,190 | ~$747,190 | ~1.8837% | ~$14,075 | +9.5% |
| 2026 | ~$680,989 | ~$680,989 | ~2.0465% | ~$13,936 | -0.2% |
| 2027 | ~$679,901 | ~$679,901 | ~2.0465% | ~$13,914 | -0.3% |
| 2028 | ~$678,814 | ~$678,814 | ~2.0465% | ~$13,892 | -0.5% |
| 2029 | ~$677,730 | ~$677,730 | ~2.0465% | ~$13,870 | -0.6% |
| 2030 | ~$676,646 | ~$676,646 | ~2.0465% | ~$13,847 | -0.8% |
| 2026 | ~$708,272 | ~$698,083 | ~1.9977% | ~$13,945 | +3.8% |
| 2027 | ~$735,471 | ~$735,471 | ~1.9488% | ~$14,333 | +7.8% |
| 2028 | ~$763,715 | ~$763,715 | ~1.9000% | ~$14,511 | +12.0% |
| 2029 | ~$793,043 | ~$793,043 | ~1.8512% | ~$14,681 | +16.3% |
| 2030 | ~$823,497 | ~$823,497 | ~1.8024% | ~$14,842 | +20.7% |
In 2025, this property's market value of $682,079 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +31% 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 | $682,079 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $834,494 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $935,217 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $735,300 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $634,100 | $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.