607 E 43 ST TX 78751
| Owner | TANBARA PROPERTIES LLC |
|---|---|
| Parcel ID | 0219080304 |
| Short ID | 214901 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,592 SF |
| Land SF | 6,970 SF |
| Acres | 0.160 |
| Year Built | 1965 |
| Legal | LOT 4 BLK 2 OLT 14 DIV C IDEAL PLACE & 1/2 ADJ VAC ALLEY |
| Neighborhood | Z64005 |
| Land | $367,057 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $367,057 |
| Improvement | $150,453 |
|---|---|
| Total Improvement | $150,453 |
| Market | $517,510 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $517,510 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $517,510 |
| Taxable Value | $517,510 |
|---|
Appreciation: Market value has fallen -6.5% from $553,600 (2021) to $517,510 (2025), a CAGR of -1.7% 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 $10,591. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 71% of market value ($367,057 land vs $150,453 improvements), about $53/SF of land. With value concentrated in the land under a ~61-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 $517,510, this parcel sits in the lower-middle (25th–50th 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 -1.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $475,688 by 2030, with an estimated annual tax burden around $8,961. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,592 SF | ✗ |
| 1ST | 1st Floor | 1,620 SF | ✓ |
| 2ND | 2nd Floor | 972 SF | ✓ |
| 612 | TERRACE UNCOVERD | 240 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
Market value changed by 84% in 2026, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $4,788.00 | $4,788.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,711.84 | $2,711.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,945.04 | $1,945.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $610.78 | $610.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $535.11 | $535.11 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,590.77 | $10,590.77 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $814,259 | $517,510 | +57.3% |
| Assessed Value | $621,012 | $517,510 | +20.0% |
| Land Value | $524,468 | $367,057 | +42.9% |
| Improvement Value | $289,791 | $150,453 | +92.6% |
| Taxable Value | $621,012 | $517,510 | +20.0% |
| HS Cap Loss | -$193,247 | — | |
| Total Tax 2026 = estimate |
~$12,709
Estimated
|
~$10,591
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $954,583 | $814,259 | -140,324 (-14.7%) |
| Taxable Value | $621,012 | $621,012 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $814,259 | $524,468 | $289,791 | −$193,247 | $621,012 | $621,012 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $517,510 | $367,057 | $150,453 | — | $517,510 | $517,510 | ~$10,591 | Partial |
| 2024 | $825,000 | — | — | −$475,000 | $350,000 | $— | $9,157 | Verified |
| 2023 | $902,591 | — | — | −$552,591 | $350,000 | $— | $14,926 | Verified |
| 2022 | $730,100 | — | — | −$380,100 | $350,000 | $— | $17,825 | Verified |
| 2021 | $553,600 | — | — | −$228,600 | $325,000 | $— | $15,892 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +84.5% ! | +20.0% | 65.1% | Not available | Partial |
| 2025 | +12.0% | +12.0% | ~100% | Not available | Partial |
| 2024 | -48.8% | -48.8% | ~100% | 1.9800% | Verified |
| 2023 | -9.9% | -9.9% | ~100% | 1.6500% | Verified |
| 2022 | +37.2% | +37.2% | ~100% | 1.7800% | Verified |
| 2021 | base year | — | ~100% | 2.8700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -29.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +57.3% | +13.4% | -8.8% | +57.3% | 2026 | -37.3% | 2025 |
| Assessment Ratio | 76.3% | 60.7% | — | 100.0% | 2025 | 38.8% | 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 |
$10,591 | $13,678 | ~$9,596 | $17,825 | 2022 | $9,157 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$508,861 | ~$508,861 | ~2.0139% | ~$10,248 | -1.7% |
| 2027 | ~$500,357 | ~$500,357 | ~1.9814% | ~$9,914 | -3.3% |
| 2028 | ~$491,995 | ~$491,995 | ~1.9488% | ~$9,588 | -4.9% |
| 2029 | ~$483,773 | ~$483,773 | ~1.9163% | ~$9,270 | -6.5% |
| 2030 | ~$475,688 | ~$475,688 | ~1.8837% | ~$8,961 | -8.1% |
| 2026 | ~$498,511 | ~$498,511 | ~2.0465% | ~$10,202 | -3.7% |
| 2027 | ~$480,210 | ~$480,210 | ~2.0465% | ~$9,827 | -7.2% |
| 2028 | ~$462,580 | ~$462,580 | ~2.0465% | ~$9,467 | -10.6% |
| 2029 | ~$445,598 | ~$445,598 | ~2.0465% | ~$9,119 | -13.9% |
| 2030 | ~$429,239 | ~$429,239 | ~2.0465% | ~$8,784 | -17.1% |
| 2026 | ~$519,211 | ~$519,211 | ~1.9977% | ~$10,372 | +0.3% |
| 2027 | ~$520,919 | ~$520,919 | ~1.9488% | ~$10,152 | +0.7% |
| 2028 | ~$522,631 | ~$522,631 | ~1.9000% | ~$9,930 | +1.0% |
| 2029 | ~$524,350 | ~$524,350 | ~1.8512% | ~$9,707 | +1.3% |
| 2030 | ~$526,074 | ~$526,074 | ~1.8024% | ~$9,482 | +1.7% |
In 2025, this property's market value of $517,510 places it in the 25th–50th percentile for Multi-Family properties in Travis County (12584 comparable) — -0% below 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 | $517,510 | $438,669 | $519,778 | $749,859 | ↓ Below median | -7.5% |
| 2024 | $825,000 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $902,591 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $730,100 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $553,600 | $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.