1027 E 45 ST TX 78751
| Owner | LATHAM GAYLE ADAMS & LLOYD |
|---|---|
| Parcel ID | 0218090708 |
| Short ID | 213369 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,637 SF |
| Land SF | 9,199 SF |
| Acres | 0.211 |
| Year Built | 2002 |
| Legal | LOT 8 OLT 18 DIV C MAYFAIR TERRACE |
| Neighborhood | Z64005 |
| Land | $296,616 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $296,616 |
| Improvement | $343,369 |
|---|---|
| Total Improvement | $343,369 |
| Market | $639,985 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $639,985 |
| Value Limitation Adjustment (−) (homestead cap) | −$24,794 |
| Net Appraised (assessed) | $615,191 |
| Exemptions (−) (HS,OV65) | −$266,258 |
|---|---|
| Taxable Value | $348,933 |
Appreciation: Market value has fallen -13.4% from $738,813 (2021) to $639,985 (2025), a CAGR of -3.5% over 4 years. Growth has been relatively flat for this asset class. 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 $7,141. Austin ISD is the largest single contributor, at 36.6% of the total 2025 levy.
Assessment Gap: Assessed value ($615,191) is $24,794 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 46% of market value ($296,616 land vs $343,369 improvements), about $32/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $639,985, 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 -3.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $534,828 by 2030, with an estimated annual tax burden around $10,075. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,637 SF | ✗ |
| 2ND | 2nd Floor | 2,540 SF | ✓ |
| 1ST | 1st Floor | 2,096 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 518 SF | ✓ |
| 012 | PORCH OPEN 2ND F | 426 SF | ✗ |
| 031 | GARAGE DET 1ST F | 342 SF | ✓ |
| 581 | STORAGE ATT | 74 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 40 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% | $2,193.92 | $2,193.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,572.85 | $1,572.85 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,311.45 | $1,311.45 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $552.20 | $552.20 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $362.28 | $362.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $5,992.70 | $5,992.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $885,000 | $639,985 | +38.3% |
| Assessed Value | $676,710 | $615,191 | +10.0% |
| Land Value | $321,041 | $296,616 | +8.2% |
| Improvement Value | $563,959 | $343,369 | +64.2% |
| Taxable Value | $396,099 | $348,933 | +13.5% |
| Exemptions | HS,OV65 | HS,OV65 | |
| HS Cap Loss | -$208,290 | — | |
| Total Tax 2026 = estimate |
~$8,106
Estimated
|
~$5,993
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $885,000 | $885,000 | +0 (+0.0%) |
| Taxable Value | $398,148 | $396,099 | -2,049 (-0.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $885,000 | $321,041 | $563,959 | −$208,290 | $676,710 | $396,099 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $639,985 | $296,616 | $343,369 | −$24,794 | $615,191 | $348,933 | ~$5,993 | Partial |
| 2024 | $1,548,777 | — | — | −$1,254,252 | $294,525 | $— | $6,408 | Verified |
| 2023 | $1,602,552 | — | — | −$1,306,312 | $296,240 | $— | $9,429 | Verified |
| 2022 | $1,140,167 | — | — | −$843,927 | $296,240 | $— | $12,297 | Verified |
| 2021 | $738,813 | — | — | −$463,717 | $275,096 | $— | $12,475 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +38.3% | +10.0% | 76.5% | Not available | Partial |
| 2025 | +14.4% | +10.0% | 96.1% | Not available | Partial |
| 2024 | -63.9% | -43.1% | ~100% | 1.1500% | Verified |
| 2023 | -3.4% | +10.0% | 63.5% | 0.6100% | Verified |
| 2022 | +40.6% | +10.0% | 55.8% | 0.7700% | Verified |
| 2021 | base year | — | 71.3% | 1.6900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -43.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +38.3% | +14.2% | -8.9% | +54.3% | 2022 | -58.7% | 2025 |
| Assessment Ratio | 76.5% | 45.6% | — | 96.1% | 2025 | 18.5% | 2023 |
| Effective Tax Rate (2025) | 0.9400% | 0.9400% | — | 0.9400% | 2025 | 0.9400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$5,993 | $9,320 | ~$11,227 | $12,475 | 2021 | $5,993 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$617,417 | ~$617,417 | ~2.0139% | ~$12,434 | -3.5% |
| 2027 | ~$595,645 | ~$595,645 | ~1.9814% | ~$11,802 | -6.9% |
| 2028 | ~$574,641 | ~$574,641 | ~1.9488% | ~$11,199 | -10.2% |
| 2029 | ~$554,377 | ~$554,377 | ~1.9163% | ~$10,623 | -13.4% |
| 2030 | ~$534,828 | ~$534,828 | ~1.8837% | ~$10,075 | -16.4% |
| 2026 | ~$607,986 | ~$607,986 | ~2.0465% | ~$12,442 | -5.0% |
| 2027 | ~$577,586 | ~$577,586 | ~2.0465% | ~$11,820 | -9.8% |
| 2028 | ~$548,707 | ~$548,707 | ~2.0465% | ~$11,229 | -14.3% |
| 2029 | ~$521,272 | ~$521,272 | ~2.0465% | ~$10,668 | -18.5% |
| 2030 | ~$495,208 | ~$495,208 | ~2.0465% | ~$10,134 | -22.6% |
| 2026 | ~$630,217 | ~$630,217 | ~1.9977% | ~$12,590 | -1.5% |
| 2027 | ~$620,598 | ~$620,598 | ~1.9488% | ~$12,094 | -3.0% |
| 2028 | ~$611,125 | ~$611,125 | ~1.9000% | ~$11,611 | -4.5% |
| 2029 | ~$601,797 | ~$601,797 | ~1.8512% | ~$11,140 | -6.0% |
| 2030 | ~$592,612 | ~$592,612 | ~1.8024% | ~$10,681 | -7.4% |
In 2025, this property's market value of $639,985 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +23% 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 | $639,985 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $1,548,777 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,602,552 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,140,167 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $738,813 | $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.