306 W 38 ST TX 78705
| Owner | DETRICK-GOURLEY PARTNERSHIP |
|---|---|
| Parcel ID | 0219050612 |
| Short ID | 214664 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 5,520 SF |
| Land SF | 10,184 SF |
| Acres | 0.234 |
| Year Built | 1969 |
| Legal | 67X152FT OF LOT 3 OLT 78 DIV D LEE SUBD |
| Neighborhood | 05WC2 |
| Land | $865,640 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $865,640 |
| Improvement | $625,847 |
|---|---|
| Total Improvement | $625,847 |
| Market | $1,491,487 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,491,487 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,491,487 |
| Taxable Value | $1,491,487 |
|---|
Appreciation: Market value has risen +3.6% from $1,440,000 (2021) to $1,491,487 (2025), a CAGR of 0.9% 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 $30,523. 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 58% of market value ($865,640 land vs $625,847 improvements), about $85/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,491,487, 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 +0.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,558,442 by 2030, with an estimated annual tax burden around $29,357. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 4,200 SF | ✗ |
| 1ST | 1st Floor | 2,760 SF | ✓ |
| 2ND | 2nd Floor | 2,760 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,900 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 767 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 639 SF | ✗ |
| 581C | STORAGE ATT COMM | 232 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $12,762.66 | $12,762.66 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,228.55 | $7,228.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,184.59 | $5,184.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,628.07 | $1,628.07 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,426.35 | $1,426.35 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $28,230.22 | $28,230.22 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,408,000 | $1,491,487 | +61.4% |
| Assessed Value | $1,655,339 | $1,491,487 | +11.0% |
| Land Value | $865,640 | $865,640 | +0.0% |
| Improvement Value | $1,542,360 | $625,847 | +146.4% |
| Taxable Value | $1,655,339 | $1,491,487 | +11.0% |
| HS Cap Loss | -$752,661 | — | |
| Total Tax 2026 = estimate |
~$33,876
Estimated
|
~$28,230
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,408,000 | $2,408,000 | +0 (+0.0%) |
| Taxable Value | $1,655,339 | $1,655,339 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,408,000 | $865,640 | $1,542,360 | −$752,661 | $1,655,339 | $1,655,339 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,491,487 | $865,640 | $625,847 | — | $1,491,487 | $1,491,487 | ~$28,230 | Partial |
| 2024 | $1,477,945 | — | — | −$612,305 | $865,640 | $— | $29,290 | Verified |
| 2023 | $1,508,862 | — | — | −$643,222 | $865,640 | $— | $26,909 | Verified |
| 2022 | $1,440,000 | — | — | −$574,360 | $865,640 | $— | $29,889 | Verified |
| 2021 | $1,440,000 | — | — | −$574,360 | $865,640 | $— | $31,512 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +61.4% | +11.0% | 68.7% | Not available | Partial |
| 2025 | +0.9% | +0.9% | ~100% | Not available | Partial |
| 2024 | -10.4% | -10.4% | ~100% | 1.9800% | Verified |
| 2023 | +3.1% | +3.1% | ~100% | 1.6300% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -6.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +61.4% | +13.0% | -6.8% | +61.4% | 2026 | -2.0% | 2024 |
| Assessment Ratio | 68.7% | 67.5% | — | 100.0% | 2025 | 57.4% | 2023 |
| 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 |
$28,230 | $29,166 | ~$29,836 | $31,512 | 2021 | $26,909 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,504,644 | ~$1,504,644 | ~2.0139% | ~$30,303 | +0.9% |
| 2027 | ~$1,517,917 | ~$1,517,917 | ~1.9814% | ~$30,076 | +1.8% |
| 2028 | ~$1,531,307 | ~$1,531,307 | ~1.9488% | ~$29,843 | +2.7% |
| 2029 | ~$1,544,815 | ~$1,544,815 | ~1.9163% | ~$29,603 | +3.6% |
| 2030 | ~$1,558,442 | ~$1,558,442 | ~1.8837% | ~$29,357 | +4.5% |
| 2026 | ~$1,474,814 | ~$1,474,814 | ~2.0465% | ~$30,182 | -1.1% |
| 2027 | ~$1,458,328 | ~$1,458,328 | ~2.0465% | ~$29,844 | -2.2% |
| 2028 | ~$1,442,025 | ~$1,442,025 | ~2.0465% | ~$29,511 | -3.3% |
| 2029 | ~$1,425,905 | ~$1,425,905 | ~2.0465% | ~$29,181 | -4.4% |
| 2030 | ~$1,409,966 | ~$1,409,966 | ~2.0465% | ~$28,855 | -5.5% |
| 2026 | ~$1,534,474 | ~$1,534,474 | ~1.9977% | ~$30,654 | +2.9% |
| 2027 | ~$1,578,699 | ~$1,578,699 | ~1.9488% | ~$30,766 | +5.8% |
| 2028 | ~$1,624,199 | ~$1,624,199 | ~1.9000% | ~$30,860 | +8.9% |
| 2029 | ~$1,671,011 | ~$1,671,011 | ~1.8512% | ~$30,934 | +12.0% |
| 2030 | ~$1,719,172 | ~$1,719,172 | ~1.8024% | ~$30,986 | +15.3% |
In 2025, this property's market value of $1,491,487 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +187% 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 | $1,491,487 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,477,945 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,508,862 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,440,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,440,000 | $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.