108 E 48 ST AUSTIN, TX 78751
| Owner | GILCREASE PETE & AMANDA GEREAU |
|---|---|
| Parcel ID | 0222071306 |
| Short ID | 220150 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,496 SF |
| Land SF | 16,800 SF |
| Acres | 0.386 |
| Year Built | 1927 |
| Legal | LOT 1&4 BLK 9 HEGMAN SUBD |
| Neighborhood | Z65005 |
| Land | $913,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $913,000 |
| Improvement | $168,955 |
|---|---|
| Total Improvement | $168,955 |
| Market | $1,081,955 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,081,955 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,081,955 |
| Exemptions (−) (HS) | −$173,113 |
|---|---|
| Taxable Value | $908,842 |
Appreciation: Market value has risen +8.8% from $994,500 (2021) to $1,081,955 (2025), a CAGR of 2.1% 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 $18,599. Austin ISD is the largest single contributor, at 45.7% 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 84% of market value ($913,000 land vs $168,955 improvements), about $54/SF of land. With value concentrated in the land under a ~99-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 $1,081,955, 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 +2.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,202,167 by 2030, with an estimated annual tax burden around $22,646. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,496 SF | ✗ |
| 2ND | 2nd Floor | 1,768 SF | ✓ |
| 1ST | 1st Floor | 1,728 SF | ✓ |
| 512 | DECK UNCOVRED | 916 SF | ✗ |
| 612 | TERRACE UNCOVERD | 258 SF | ✗ |
| 513 | DECK COVERED | 200 SF | ✗ |
| ATTIC | Attic | 130 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 77 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $8,714.97 | $8,714.97 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,762.49 | $4,762.49 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,415.84 | $3,415.84 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,109.79 | $1,109.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,072.64 | $1,072.64 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $19,075.73 | $19,075.73 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $950,000 | $1,081,955 | -12.2% |
| Assessed Value | $950,000 | $1,081,955 | -12.2% |
| Land Value | $658,500 | $913,000 | -27.9% |
| Improvement Value | $291,500 | $168,955 | +72.5% |
| Taxable Value | $950,000 | $908,842 | +4.5% |
| Exemptions | — | HS | |
| Total Tax 2026 = estimate |
~$19,442
Estimated
|
~$19,076
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $950,000 | $950,000 | +0 (+0.0%) |
| Taxable Value | $950,000 | $950,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $950,000 | $658,500 | $291,500 | — | $950,000 | $950,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,081,955 | $913,000 | $168,955 | — | $1,081,955 | $908,842 | ~$19,076 | Partial |
| 2024 | $1,168,744 | — | — | −$288,744 | $880,000 | $— | $19,666 | Verified |
| 2023 | $1,215,409 | — | — | −$335,409 | $880,000 | $— | $17,877 | Verified |
| 2022 | $1,004,851 | — | — | −$124,851 | $880,000 | $— | $18,879 | Verified |
| 2021 | $994,500 | — | — | −$434,500 | $560,000 | $— | $18,555 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.2% | -12.2% | ~100% | Not available | Partial |
| 2025 | -3.8% | -3.8% | ~100% | Not available | Partial |
| 2024 | -3.7% | +0.5% | ~100% | 1.7500% | Verified |
| 2023 | -3.8% | +6.8% | 95.8% | 1.5300% | Verified |
| 2022 | +21.0% | +12.4% | 86.2% | 1.5500% | Verified |
| 2021 | base year | — | 92.8% | 1.8700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +7.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.2% | -0.3% | +5.0% | +21.0% | 2023 | -12.2% | 2026 |
| Assessment Ratio | 100.0% | 81.9% | — | 100.0% | 2025 | 56.3% | 2021 |
| Effective Tax Rate (2025) | 1.7600% | 1.7600% | — | 1.7600% | 2025 | 1.7600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$19,076 | $18,811 | ~$22,456 | $19,666 | 2024 | $17,877 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,104,995 | ~$1,104,995 | ~2.0139% | ~$22,254 | +2.1% |
| 2027 | ~$1,128,526 | ~$1,128,526 | ~1.9814% | ~$22,360 | +4.3% |
| 2028 | ~$1,152,557 | ~$1,152,557 | ~1.9488% | ~$22,461 | +6.5% |
| 2029 | ~$1,177,101 | ~$1,177,101 | ~1.9163% | ~$22,557 | +8.8% |
| 2030 | ~$1,202,167 | ~$1,202,167 | ~1.8837% | ~$22,646 | +11.1% |
| 2026 | ~$1,083,356 | ~$1,083,356 | ~2.0465% | ~$22,171 | +0.1% |
| 2027 | ~$1,084,759 | ~$1,084,759 | ~2.0465% | ~$22,199 | +0.3% |
| 2028 | ~$1,086,163 | ~$1,086,163 | ~2.0465% | ~$22,228 | +0.4% |
| 2029 | ~$1,087,569 | ~$1,087,569 | ~2.0465% | ~$22,257 | +0.5% |
| 2030 | ~$1,088,978 | ~$1,088,978 | ~2.0465% | ~$22,286 | +0.6% |
| 2026 | ~$1,126,634 | ~$1,126,634 | ~1.9977% | ~$22,506 | +4.1% |
| 2027 | ~$1,173,158 | ~$1,173,158 | ~1.9488% | ~$22,863 | +8.4% |
| 2028 | ~$1,221,603 | ~$1,221,603 | ~1.9000% | ~$23,211 | +12.9% |
| 2029 | ~$1,272,049 | ~$1,272,049 | ~1.8512% | ~$23,548 | +17.6% |
| 2030 | ~$1,324,578 | ~$1,324,578 | ~1.8024% | ~$23,874 | +22.4% |
In 2025, this property's market value of $1,081,955 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +108% 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 | $1,081,955 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,168,744 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,215,409 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,004,851 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $994,500 | $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.