1200 W 40 ST TX 78756
| Owner | AUSTIN LE MED ASSOCIATES LTD |
|---|---|
| Parcel ID | 0221020738 |
| Short ID | 217817 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 48,800 SF |
| Land SF | 77,814 SF |
| Acres | 1.786 |
| Year Built | 1971 |
| Legal | LOT 3A-9A JACKSON HEIGHTS PLUS ADJ 2FT VAC ST |
| Neighborhood | 08WC1 |
| Land | $6,614,190 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,614,190 |
| Improvement | $4,415,810 |
|---|---|
| Total Improvement | $4,415,810 |
| Market | $11,030,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $11,030,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $11,030,000 |
| Taxable Value | $11,030,000 |
|---|
Appreciation: Market value has risen +14.9% from $9,600,000 (2021) to $11,030,000 (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 (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 $225,727. 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 60% of market value ($6,614,190 land vs $4,415,810 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 $11,030,000, 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 +3.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,120,665 by 2030, with an estimated annual tax burden around $247,160. 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 24,632 SF | ✓ |
| 551 | PAVED AREA | 24,216 SF | ✗ |
| 2ND | 2nd Floor | 24,168 SF | ✓ |
| 591 | MASONRY TRIM SF | 5,750 SF | ✗ |
| 412 | TENNIS COURT | 5,280 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 4,296 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 4,102 SF | ✗ |
| 511 | DECK | 1,202 SF | ✗ |
| 581C | STORAGE ATT COMM | 626 SF | ✓ |
| 601 | POOL COMM'L | 576 SF | ✗ |
| MISC | Miscellaneous | 464 SF | ✓ |
| 541 | FENCE COMM LF | 250 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 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% | $97,146.00 | $97,146.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $55,021.79 | $55,021.79 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $39,463.73 | $39,463.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $12,392.42 | $12,392.42 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $10,857.00 | $10,857.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $214,880.94 | $214,880.94 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,980,000 | $11,030,000 | -9.5% |
| Assessed Value | $9,980,000 | $11,030,000 | -9.5% |
| Land Value | $6,614,190 | $6,614,190 | +0.0% |
| Improvement Value | $3,365,810 | $4,415,810 | -23.8% |
| Taxable Value | $9,980,000 | $11,030,000 | -9.5% |
| Total Tax 2026 = estimate |
~$204,239
Estimated
|
~$214,881
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $10,393,388 | $9,980,000 | -413,388 (-4.0%) |
| Taxable Value | $10,393,388 | $9,980,000 | -413,388 (-4.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,980,000 | $6,614,190 | $3,365,810 | — | $9,980,000 | $9,980,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $11,030,000 | $6,614,190 | $4,415,810 | — | $11,030,000 | $11,030,000 | ~$214,881 | Partial |
| 2024 | $11,760,000 | — | — | −$5,145,810 | $6,614,190 | $— | $236,034 | Verified |
| 2023 | $11,200,000 | — | — | −$4,585,810 | $6,614,190 | $— | $213,294 | Verified |
| 2022 | $9,350,000 | — | — | −$2,735,810 | $6,614,190 | $— | $221,803 | Verified |
| 2021 | $9,600,000 | — | — | −$2,985,810 | $6,614,190 | $— | $203,519 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.8% | -5.8% | ~100% | Not available | Partial |
| 2025 | -7.4% | -7.4% | ~100% | Not available | Partial |
| 2024 | -3.1% | -3.1% | ~100% | 1.9800% | Verified |
| 2023 | +4.0% | +4.0% | ~100% | 1.7300% | Verified |
| 2022 | +26.4% | +26.4% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +18.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.5% | +1.3% | +5.7% | +19.8% | 2023 | -9.5% | 2026 |
| Assessment Ratio | 100.0% | 75.8% | — | 100.0% | 2025 | 56.2% | 2024 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$214,881 | $217,906 | ~$238,561 | $236,034 | 2024 | $203,519 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$11,419,618 | ~$11,419,618 | ~2.0139% | ~$229,984 | +3.5% |
| 2027 | ~$11,822,999 | ~$11,822,999 | ~1.9814% | ~$234,259 | +7.2% |
| 2028 | ~$12,240,629 | ~$12,240,629 | ~1.9488% | ~$238,550 | +11.0% |
| 2029 | ~$12,673,010 | ~$12,673,010 | ~1.9163% | ~$242,852 | +14.9% |
| 2030 | ~$13,120,665 | ~$13,120,665 | ~1.8837% | ~$247,160 | +19.0% |
| 2026 | ~$11,199,018 | ~$11,199,018 | ~2.0465% | ~$229,186 | +1.5% |
| 2027 | ~$11,370,626 | ~$11,370,626 | ~2.0465% | ~$232,698 | +3.1% |
| 2028 | ~$11,544,864 | ~$11,544,864 | ~2.0465% | ~$236,264 | +4.7% |
| 2029 | ~$11,721,772 | ~$11,721,772 | ~2.0465% | ~$239,884 | +6.3% |
| 2030 | ~$11,901,390 | ~$11,901,390 | ~2.0465% | ~$243,560 | +7.9% |
| 2026 | ~$11,640,218 | ~$11,640,218 | ~1.9977% | ~$232,532 | +5.5% |
| 2027 | ~$12,284,196 | ~$12,284,196 | ~1.9488% | ~$239,399 | +11.4% |
| 2028 | ~$12,963,800 | ~$12,963,800 | ~1.9000% | ~$246,314 | +17.5% |
| 2029 | ~$13,681,003 | ~$13,681,003 | ~1.8512% | ~$253,262 | +24.0% |
| 2030 | ~$14,437,884 | ~$14,437,884 | ~1.8024% | ~$260,224 | +30.9% |
In 2025, this property's market value of $11,030,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 21× 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 | $11,030,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $11,760,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $11,200,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $9,350,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $9,600,000 | $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.