505 E 47 ST TX 78751
| Owner | GALETANO BRYAN |
|---|---|
| Parcel ID | 0221081305 |
| Short ID | 218415 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,597 SF |
| Land SF | 5,436 SF |
| Acres | 0.125 |
| Year Built | 1946 |
| Legal | N 98.75FT OF LOT 6 BLK A OLT 16 DIV C STAEHELY SUBD |
| Neighborhood | Z65005 |
| Land | $539,623 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $539,623 |
| Improvement | $69,949 |
|---|---|
| Total Improvement | $69,949 |
| Market | $609,572 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $609,572 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $609,572 |
| Taxable Value | $609,572 |
|---|
Appreciation: Market value has risen +28.7% from $473,786 (2021) to $609,572 (2025), a CAGR of 6.5% 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 $12,475. 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 ($539,623 land vs $69,949 improvements), about $99/SF of land. With value concentrated in the land under a ~80-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 $609,572, 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 +6.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $835,273 by 2030, with an estimated annual tax burden around $15,734. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,597 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,597 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 28 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% | $5,639.76 | $5,639.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,194.26 | $3,194.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,291.05 | $2,291.05 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $719.44 | $719.44 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $630.30 | $630.30 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,474.81 | $12,474.81 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $534,219 | $609,572 | -12.4% |
| Assessed Value | $534,219 | $609,572 | -12.4% |
| Land Value | $397,210 | $539,623 | -26.4% |
| Improvement Value | $137,009 | $69,949 | +95.9% |
| Taxable Value | $534,219 | $609,572 | -12.4% |
| Total Tax 2026 = estimate |
~$10,933
Estimated
|
~$12,475
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $626,282 | $534,219 | -92,063 (-14.7%) |
| Taxable Value | $626,282 | $534,219 | -92,063 (-14.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $534,219 | $397,210 | $137,009 | — | $534,219 | $534,219 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $609,572 | $539,623 | $69,949 | — | $609,572 | $609,572 | ~$12,475 | Partial |
| 2024 | $618,328 | — | — | −$95,828 | $522,500 | $— | $12,445 | Verified |
| 2023 | $587,586 | — | — | −$65,086 | $522,500 | $— | $11,187 | Verified |
| 2022 | $443,680 | — | — | — | $522,500 ! | $— | $11,604 | Verified |
| 2021 | $473,786 | — | — | −$141,286 | $332,500 | $— | $9,658 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.7% | +2.7% | ~100% | Not available | Partial |
| 2025 | -2.9% | -2.9% | ~100% | Not available | Partial |
| 2024 | +1.6% | +1.6% | ~100% | 1.9800% | Verified |
| 2023 | +5.2% | +5.2% | ~100% | 1.8100% | Verified |
| 2022 | +32.4% | +32.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +37.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.4% | +3.5% | +9.5% | +32.4% | 2023 | -12.4% | 2026 |
| Assessment Ratio | 100.0% | 93.6% | — | 117.8% | 2022 | 70.2% | 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 |
$12,475 | $11,474 | ~$14,378 | $12,475 | 2025 | $9,658 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$649,211 | ~$649,211 | ~2.0139% | ~$13,075 | +6.5% |
| 2027 | ~$691,427 | ~$691,427 | ~1.9814% | ~$13,700 | +13.4% |
| 2028 | ~$736,389 | ~$736,389 | ~1.9488% | ~$14,351 | +20.8% |
| 2029 | ~$784,274 | ~$784,274 | ~1.9163% | ~$15,029 | +28.7% |
| 2030 | ~$835,273 | ~$835,273 | ~1.8837% | ~$15,734 | +37.0% |
| 2026 | ~$637,019 | ~$637,019 | ~2.0465% | ~$13,036 | +4.5% |
| 2027 | ~$665,703 | ~$665,703 | ~2.0465% | ~$13,624 | +9.2% |
| 2028 | ~$695,677 | ~$695,677 | ~2.0465% | ~$14,237 | +14.1% |
| 2029 | ~$727,002 | ~$727,002 | ~2.0465% | ~$14,878 | +19.3% |
| 2030 | ~$759,736 | ~$759,736 | ~2.0465% | ~$15,548 | +24.6% |
| 2026 | ~$661,402 | ~$661,402 | ~1.9977% | ~$13,213 | +8.5% |
| 2027 | ~$717,639 | ~$717,639 | ~1.9488% | ~$13,986 | +17.7% |
| 2028 | ~$778,658 | ~$778,658 | ~1.9000% | ~$14,795 | +27.7% |
| 2029 | ~$844,865 | ~$844,865 | ~1.8512% | ~$15,640 | +38.6% |
| 2030 | ~$916,702 | ~$916,702 | ~1.8024% | ~$16,522 | +50.4% |
In 2025, this property's market value of $609,572 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +17% 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 | $609,572 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $618,328 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $587,586 | $503,905 | $617,035 | $919,932 | ↓ Below median | +0.9% |
| 2022 | $443,680 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $473,786 | $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.