4512 SPEEDWAY TX 78751
| Owner | LAPLACE LLC |
|---|---|
| Parcel ID | 0222070622 |
| Short ID | 220070 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,220 SF |
| Land SF | 11,740 SF |
| Acres | 0.270 |
| Year Built | 1941 |
| Legal | LOT 14A SPEEDWAY ANNEX LOT 10 BLK 5 W40 FT AV SHUDDEMAGENS SUBD |
| Neighborhood | Z65005 |
| Land | $548,240 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $548,240 |
| Improvement | $102,119 |
|---|---|
| Total Improvement | $102,119 |
| Market | $650,359 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $650,359 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $650,359 |
| Taxable Value | $650,359 |
|---|
Appreciation: Market value has risen +35.5% from $480,100 (2021) to $650,359 (2025), a CAGR of 7.9% 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 $13,309. 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 84% of market value ($548,240 land vs $102,119 improvements), about $47/SF of land. With value concentrated in the land under a ~85-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 $650,359, 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 +7.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $950,452 by 2030, with an estimated annual tax burden around $17,904. 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 | 2,220 SF | ✓ |
| 051 | CARPORT DET 1ST | 200 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 175 SF | ✗ |
| 581 | STORAGE ATT | 140 SF | ✓ |
| SO | Sketch Only | 140 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% | $6,017.12 | $6,017.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,407.99 | $3,407.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,444.34 | $2,444.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $767.57 | $767.57 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $672.47 | $672.47 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,309.49 | $13,309.49 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $669,006 | $650,359 | +2.9% |
| Assessed Value | $669,006 | $650,359 | +2.9% |
| Land Value | $389,655 | $548,240 | -28.9% |
| Improvement Value | $279,351 | $102,119 | +173.6% |
| Taxable Value | $669,006 | $650,359 | +2.9% |
| Total Tax 2026 = estimate |
~$13,691
Estimated
|
~$13,309
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $693,270 | $669,006 | -24,264 (-3.5%) |
| Taxable Value | $693,270 | $669,006 | -24,264 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $669,006 | $389,655 | $279,351 | — | $669,006 | $669,006 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $650,359 | $548,240 | $102,119 | — | $650,359 | $650,359 | ~$13,309 | Partial |
| 2024 | $692,840 | — | — | −$153,840 | $539,000 | $— | $13,672 | Verified |
| 2023 | $777,444 | — | — | −$238,444 | $539,000 | $— | $12,535 | Verified |
| 2022 | $579,323 | — | — | −$40,323 | $539,000 | $— | $15,354 | Verified |
| 2021 | $480,100 | — | — | −$137,100 | $343,000 | $— | $12,610 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.6% | +6.6% | ~100% | Not available | Partial |
| 2025 | -5.7% | -5.7% | ~100% | Not available | Partial |
| 2024 | -0.4% | -0.4% | ~100% | 1.9800% | Verified |
| 2023 | -10.9% | -10.9% | ~100% | 1.8100% | Verified |
| 2022 | +34.2% | +34.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.9% | +8.2% | +7.3% | +34.2% | 2023 | -10.9% | 2024 |
| Assessment Ratio | 100.0% | 85.2% | — | 100.0% | 2025 | 69.3% | 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 |
$13,309 | $13,496 | ~$15,966 | $15,354 | 2022 | $12,535 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$701,631 | ~$701,631 | ~2.0139% | ~$14,130 | +7.9% |
| 2027 | ~$756,944 | ~$756,944 | ~1.9814% | ~$14,998 | +16.4% |
| 2028 | ~$816,619 | ~$816,619 | ~1.9488% | ~$15,915 | +25.6% |
| 2029 | ~$880,997 | ~$880,997 | ~1.9163% | ~$16,882 | +35.5% |
| 2030 | ~$950,452 | ~$950,452 | ~1.8837% | ~$17,904 | +46.1% |
| 2026 | ~$688,623 | ~$688,623 | ~2.0465% | ~$14,093 | +5.9% |
| 2027 | ~$729,139 | ~$729,139 | ~2.0465% | ~$14,922 | +12.1% |
| 2028 | ~$772,039 | ~$772,039 | ~2.0465% | ~$15,800 | +18.7% |
| 2029 | ~$817,462 | ~$817,462 | ~2.0465% | ~$16,729 | +25.7% |
| 2030 | ~$865,558 | ~$865,558 | ~2.0465% | ~$17,714 | +33.1% |
| 2026 | ~$714,638 | ~$714,638 | ~1.9977% | ~$14,276 | +9.9% |
| 2027 | ~$785,270 | ~$785,270 | ~1.9488% | ~$15,304 | +20.7% |
| 2028 | ~$862,882 | ~$862,882 | ~1.9000% | ~$16,395 | +32.7% |
| 2029 | ~$948,166 | ~$948,166 | ~1.8512% | ~$17,552 | +45.8% |
| 2030 | ~$1,041,879 | ~$1,041,879 | ~1.8024% | ~$18,779 | +60.2% |
In 2025, this property's market value of $650,359 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +25% 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 | $650,359 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $692,840 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $777,444 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $579,323 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $480,100 | $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.