618 FAIRFIELD LN TX 78751
| Owner | HORAN KAREN E & JAMES R ELLINGER |
|---|---|
| Parcel ID | 0220100537 |
| Short ID | 216163 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,860 SF |
| Land SF | 9,583 SF |
| Acres | 0.220 |
| Year Built | 1950 |
| Legal | LOT 19 * & SE TRI OF *35% OF LOT 18 * & 14.5FT AV OF LOT 20 * LESS NW TRI OF LOT 19 BLK E PATTERSON HEIGHTS |
| Neighborhood | Z65005 |
| Land | $664,576 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $664,576 |
| Improvement | $80,925 |
|---|---|
| Total Improvement | $80,925 |
| Market | $745,501 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $745,501 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $745,501 |
| Taxable Value | $745,501 |
|---|
Appreciation: Market value has risen +30.6% from $571,000 (2021) to $745,501 (2025), a CAGR of 6.9% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2022→2023), 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 $15,257. 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 89% of market value ($664,576 land vs $80,925 improvements), about $69/SF of land. With value concentrated in the land under a ~76-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 $745,501, 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 +6.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,040,431 by 2030, with an estimated annual tax burden around $19,599. 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 | 1,860 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,860 SF | ✗ |
| 061 | CARPORT ATT 1ST | 504 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 110 SF | ✗ |
| 581 | STORAGE ATT | 25 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% | $6,897.38 | $6,897.38 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,906.55 | $3,906.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,801.93 | $2,801.93 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $879.86 | $879.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $770.85 | $770.85 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,256.57 | $15,256.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $676,766 | $745,501 | -9.2% |
| Assessed Value | $676,766 | $745,501 | -9.2% |
| Land Value | $508,122 | $664,576 | -23.5% |
| Improvement Value | $168,644 | $80,925 | +108.4% |
| Taxable Value | $676,766 | $745,501 | -9.2% |
| Total Tax 2026 = estimate |
~$13,850
Estimated
|
~$15,257
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $869,793 | $676,766 | -193,027 (-22.2%) |
| Taxable Value | $869,793 | $676,766 | -193,027 (-22.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $676,766 | $508,122 | $168,644 | — | $676,766 | $676,766 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $745,501 | $664,576 | $80,925 | — | $745,501 | $745,501 | ~$15,257 | Partial |
| 2024 | $803,095 | — | — | −$308,095 | $495,000 | $— | $12,562 | Verified |
| 2023 | $804,794 | — | — | −$144,794 | $660,000 | $— | $14,530 | Verified |
| 2022 | $623,563 | — | — | — | $660,000 ! | $— | $15,894 | Verified |
| 2021 | $571,000 | — | — | −$151,000 | $420,000 | $— | $13,573 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.7% | +16.7% | ~100% | Not available | Partial |
| 2025 | +17.6% | +17.6% | ~100% | Not available | Partial |
| 2024 | -21.1% | -21.1% | ~100% | 1.9800% | Verified |
| 2023 | -0.2% | -0.2% | ~100% | 1.8100% | Verified |
| 2022 | +29.1% | +29.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +19.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.2% | +4.3% | +9.1% | +29.1% | 2023 | -9.2% | 2026 |
| Assessment Ratio | 100.0% | 87.2% | — | 105.8% | 2022 | 61.6% | 2024 |
| 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 |
$15,257 | $14,363 | ~$17,785 | $15,894 | 2022 | $12,562 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$796,895 | ~$796,895 | ~2.0139% | ~$16,049 | +6.9% |
| 2027 | ~$851,833 | ~$851,833 | ~1.9814% | ~$16,878 | +14.3% |
| 2028 | ~$910,557 | ~$910,557 | ~1.9488% | ~$17,745 | +22.1% |
| 2029 | ~$973,331 | ~$973,331 | ~1.9163% | ~$18,652 | +30.6% |
| 2030 | ~$1,040,431 | ~$1,040,431 | ~1.8837% | ~$19,599 | +39.6% |
| 2026 | ~$781,985 | ~$781,985 | ~2.0465% | ~$16,003 | +4.9% |
| 2027 | ~$820,255 | ~$820,255 | ~2.0465% | ~$16,786 | +10.0% |
| 2028 | ~$860,398 | ~$860,398 | ~2.0465% | ~$17,608 | +15.4% |
| 2029 | ~$902,505 | ~$902,505 | ~2.0465% | ~$18,470 | +21.1% |
| 2030 | ~$946,673 | ~$946,673 | ~2.0465% | ~$19,374 | +27.0% |
| 2026 | ~$811,805 | ~$811,805 | ~1.9977% | ~$16,217 | +8.9% |
| 2027 | ~$884,007 | ~$884,007 | ~1.9488% | ~$17,228 | +18.6% |
| 2028 | ~$962,630 | ~$962,630 | ~1.9000% | ~$18,290 | +29.1% |
| 2029 | ~$1,048,245 | ~$1,048,245 | ~1.8512% | ~$19,405 | +40.6% |
| 2030 | ~$1,141,475 | ~$1,141,475 | ~1.8024% | ~$20,574 | +53.1% |
In 2025, this property's market value of $745,501 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +43% 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 | $745,501 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $803,095 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $804,794 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $623,563 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $571,000 | $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.