512 E 41 ST TX 78751
| Owner | PROZZI JORGE A & JOLANDA |
|---|---|
| Parcel ID | 0220080506 |
| Short ID | 216011 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,104 SF |
| Land SF | 6,505 SF |
| Acres | 0.149 |
| Year Built | 1929 |
| Legal | LOT 7 BLK 5 OLT 14 DIV C IDEAL PLACE |
| Neighborhood | Z64005 |
| Land | $360,285 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $360,285 |
| Improvement | $80,072 |
|---|---|
| Total Improvement | $80,072 |
| Market | $440,357 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $440,357 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $440,357 |
| Taxable Value | $440,357 |
|---|
Appreciation: Market value has fallen -17.4% from $532,978 (2021) to $440,357 (2025), a CAGR of -4.7% 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 $9,012. 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 82% of market value ($360,285 land vs $80,072 improvements), about $55/SF of land. With value concentrated in the land under a ~97-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 $440,357, 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 -4.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $346,876 by 2030, with an estimated annual tax burden around $6,534. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,104 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,104 SF | ✗ |
| SO | Sketch Only | 2,104 SF | ✗ |
| 612 | TERRACE UNCOVERD | 638 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 36 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
Market value changed by 91% 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% | $4,074.18 | $4,074.18 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,307.55 | $2,307.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,655.06 | $1,655.06 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $519.72 | $519.72 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $455.33 | $455.33 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $9,011.84 | $9,011.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $709,015 | $440,357 | +61.0% |
| Assessed Value | $528,428 | $440,357 | +20.0% |
| Land Value | $516,342 | $360,285 | +43.3% |
| Improvement Value | $192,673 | $80,072 | +140.6% |
| Taxable Value | $528,428 | $440,357 | +20.0% |
| HS Cap Loss | -$180,587 | — | |
| Total Tax 2026 = estimate |
~$10,814
Estimated
|
~$9,012
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $841,961 | $709,015 | -132,946 (-15.8%) |
| Taxable Value | $528,428 | $528,428 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $709,015 | $516,342 | $192,673 | −$180,587 | $528,428 | $528,428 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $440,357 | $360,285 | $80,072 | — | $440,357 | $440,357 | ~$9,012 | Partial |
| 2024 | $882,804 | — | — | −$532,804 | $350,000 | $— | $7,869 | Verified |
| 2023 | $882,804 | — | — | −$532,804 | $350,000 | $— | $15,972 | Verified |
| 2022 | $681,008 | — | — | −$331,008 | $350,000 | $— | $17,435 | Verified |
| 2021 | $532,978 | — | — | −$207,978 | $325,000 | $— | $14,823 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +91.2% ! | +20.0% | 62.8% | Not available | Partial |
| 2025 | +10.9% | +10.9% | ~100% | Not available | Partial |
| 2024 | -55.0% | -55.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +29.6% | +29.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.7800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -35.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +61.0% | +13.7% | -11.9% | +61.0% | 2026 | -50.1% | 2025 |
| Assessment Ratio | 74.5% | 61.0% | — | 100.0% | 2025 | 39.6% | 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 |
$9,012 | $13,022 | ~$7,466 | $17,435 | 2022 | $7,869 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$419,835 | ~$419,835 | ~2.0139% | ~$8,455 | -4.7% |
| 2027 | ~$400,270 | ~$400,270 | ~1.9814% | ~$7,931 | -9.1% |
| 2028 | ~$381,616 | ~$381,616 | ~1.9488% | ~$7,437 | -13.3% |
| 2029 | ~$363,832 | ~$363,832 | ~1.9163% | ~$6,972 | -17.4% |
| 2030 | ~$346,876 | ~$346,876 | ~1.8837% | ~$6,534 | -21.2% |
| 2026 | ~$418,339 | ~$418,339 | ~2.0465% | ~$8,561 | -5.0% |
| 2027 | ~$397,422 | ~$397,422 | ~2.0465% | ~$8,133 | -9.8% |
| 2028 | ~$377,551 | ~$377,551 | ~2.0465% | ~$7,727 | -14.3% |
| 2029 | ~$358,674 | ~$358,674 | ~2.0465% | ~$7,340 | -18.5% |
| 2030 | ~$340,740 | ~$340,740 | ~2.0465% | ~$6,973 | -22.6% |
| 2026 | ~$428,642 | ~$428,642 | ~1.9977% | ~$8,563 | -2.7% |
| 2027 | ~$417,239 | ~$417,239 | ~1.9488% | ~$8,131 | -5.2% |
| 2028 | ~$406,140 | ~$406,140 | ~1.9000% | ~$7,717 | -7.8% |
| 2029 | ~$395,335 | ~$395,335 | ~1.8512% | ~$7,318 | -10.2% |
| 2030 | ~$384,818 | ~$384,818 | ~1.8024% | ~$6,936 | -12.6% |
In 2025, this property's market value of $440,357 places it in the 25th–50th percentile for Multi-Family properties in Travis County (12584 comparable) — -15% 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 | $440,357 | $438,669 | $519,778 | $749,859 | ↓ Below median | -7.5% |
| 2024 | $882,804 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $882,804 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $681,008 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $532,978 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.