4517 EVANS AVE AUSTIN, TX 78751
| Owner | MORRISH BRUCE E |
|---|---|
| Parcel ID | 0221081216 |
| Short ID | 218407 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,058 SF |
| Land SF | 9,205 SF |
| Acres | 0.211 |
| Year Built | 1977 |
| Legal | LOT A OLT 16 DIV C LOCKE ADDN |
| Neighborhood | Z65005 |
| Land | $643,789 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $643,789 |
| Improvement | $131,643 |
|---|---|
| Total Improvement | $131,643 |
| Market | $775,432 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $775,432 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $775,432 |
| Taxable Value | $775,432 |
|---|
Appreciation: Market value has risen +31.7% from $589,000 (2021) to $775,432 (2025), a CAGR of 7.1% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 $15,869. 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 83% of market value ($643,789 land vs $131,643 improvements), about $70/SF of land. With value concentrated in the land under a ~49-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 $775,432, 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 +7.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,093,526 by 2030, with an estimated annual tax burden around $20,599. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,058 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,058 SF | ✗ |
| 061 | CARPORT ATT 1ST | 437 SF | ✗ |
| 612 | TERRACE UNCOVERD | 171 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% | $7,174.30 | $7,174.30 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,063.40 | $4,063.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,914.42 | $2,914.42 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $915.19 | $915.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $801.80 | $801.80 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,869.11 | $15,869.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $848,000 | $775,432 | +9.4% |
| Assessed Value | $848,000 | $775,432 | +9.4% |
| Land Value | $499,618 | $643,789 | -22.4% |
| Improvement Value | $348,382 | $131,643 | +164.6% |
| Taxable Value | $848,000 | $775,432 | +9.4% |
| Total Tax 2026 = estimate |
~$17,354
Estimated
|
~$15,869
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $848,000 | $848,000 | +0 (+0.0%) |
| Taxable Value | $848,000 | $848,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $848,000 | $499,618 | $348,382 | — | $848,000 | $848,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $775,432 | $643,789 | $131,643 | — | $775,432 | $775,432 | ~$15,869 | Partial |
| 2024 | $788,286 | — | — | −$155,786 | $632,500 | $— | $16,394 | Verified |
| 2023 | $810,109 | — | — | −$177,609 | $632,500 | $— | $14,262 | Verified |
| 2022 | $717,775 | — | — | −$85,275 | $632,500 | $— | $15,999 | Verified |
| 2021 | $589,000 | — | — | −$186,500 | $402,500 | $— | $15,624 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.4% | +9.4% | ~100% | Not available | Partial |
| 2025 | -6.3% | -6.3% | ~100% | Not available | Partial |
| 2024 | +4.9% | +4.9% | ~100% | 1.9800% | Verified |
| 2023 | -2.7% | -2.7% | ~100% | 1.8100% | Verified |
| 2022 | +12.9% | +12.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +8.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.4% | +8.0% | +5.3% | +21.9% | 2022 | -2.7% | 2024 |
| Assessment Ratio | 100.0% | 85.8% | — | 100.0% | 2025 | 68.3% | 2021 |
| 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 |
$15,869 | $15,630 | ~$18,618 | $16,394 | 2024 | $14,262 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$830,617 | ~$830,617 | ~2.0139% | ~$16,728 | +7.1% |
| 2027 | ~$889,729 | ~$889,729 | ~1.9814% | ~$17,629 | +14.7% |
| 2028 | ~$953,049 | ~$953,049 | ~1.9488% | ~$18,573 | +22.9% |
| 2029 | ~$1,020,874 | ~$1,020,874 | ~1.9163% | ~$19,563 | +31.7% |
| 2030 | ~$1,093,526 | ~$1,093,526 | ~1.8837% | ~$20,599 | +41.0% |
| 2026 | ~$815,108 | ~$815,108 | ~2.0465% | ~$16,681 | +5.1% |
| 2027 | ~$856,815 | ~$856,815 | ~2.0465% | ~$17,535 | +10.5% |
| 2028 | ~$900,655 | ~$900,655 | ~2.0465% | ~$18,432 | +16.1% |
| 2029 | ~$946,739 | ~$946,739 | ~2.0465% | ~$19,375 | +22.1% |
| 2030 | ~$995,181 | ~$995,181 | ~2.0465% | ~$20,366 | +28.3% |
| 2026 | ~$846,126 | ~$846,126 | ~1.9977% | ~$16,903 | +9.1% |
| 2027 | ~$923,264 | ~$923,264 | ~1.9488% | ~$17,993 | +19.1% |
| 2028 | ~$1,007,435 | ~$1,007,435 | ~1.9000% | ~$19,141 | +29.9% |
| 2029 | ~$1,099,280 | ~$1,099,280 | ~1.8512% | ~$20,350 | +41.8% |
| 2030 | ~$1,199,498 | ~$1,199,498 | ~1.8024% | ~$21,619 | +54.7% |
In 2025, this property's market value of $775,432 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +49% 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 | $775,432 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $788,286 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $810,109 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $717,775 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $589,000 | $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.