5007 AVENUE F TX 78751
| Owner | CRAFT CARRIE & JONNA CRAFT |
|---|---|
| Parcel ID | 0223090204 |
| Short ID | 221507 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,728 SF |
| Land SF | 6,815 SF |
| Acres | 0.156 |
| Year Built | 1969 |
| Legal | N 34FT OF LOT 3 *& S 16FT OF LOT 4 BLK 4 HEGMAN SUBD |
| Neighborhood | Z65005 |
| Land | $567,037 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $567,037 |
| Improvement | $36,136 |
|---|---|
| Total Improvement | $36,136 |
| Market | $603,173 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $603,173 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $603,173 |
| Exemptions (−) (HS) | −$30,158 |
|---|---|
| Taxable Value | $573,015 |
Appreciation: Market value has risen +14.5% from $526,700 (2021) to $603,173 (2025), a CAGR of 3.4% 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 $11,727. Austin ISD is the largest single contributor, at 43.3% 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 94% of market value ($567,037 land vs $36,136 improvements), about $83/SF of land. With value concentrated in the land under a ~57-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 $603,173, 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 +3.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $714,562 by 2030, with an estimated annual tax burden around $13,461. 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 | 1,728 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,728 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 640 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% | $4,932.92 | $4,932.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,002.70 | $3,002.70 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,153.65 | $2,153.65 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $676.29 | $676.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $621.10 | $621.10 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,386.66 | $11,386.66 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $547,308 | $603,173 | -9.3% |
| Assessed Value | $547,308 | $603,173 | -9.3% |
| Land Value | $443,760 | $567,037 | -21.7% |
| Improvement Value | $103,548 | $36,136 | +186.6% |
| Taxable Value | $519,942 | $573,015 | -9.3% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$10,641
Estimated
|
~$11,387
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $649,932 | $547,308 | -102,624 (-15.8%) |
| Taxable Value | $617,436 | $519,942 | -97,494 (-15.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $547,308 | $443,760 | $103,548 | — | $547,308 | $519,942 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $603,173 | $567,037 | $36,136 | — | $603,173 | $573,015 | ~$11,387 | Partial |
| 2024 | $663,655 | — | — | −$113,655 | $550,000 | $— | $11,903 | Verified |
| 2023 | $757,325 | — | — | −$207,325 | $550,000 | $— | $12,007 | Verified |
| 2022 | $603,800 | — | — | −$53,800 | $550,000 | $— | $14,957 | Verified |
| 2021 | $526,700 | — | — | −$176,700 | $350,000 | $— | $13,143 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.8% | +7.8% | ~100% | Not available | Partial |
| 2025 | -24.4% | -24.4% | ~100% | Not available | Partial |
| 2024 | +20.3% | +20.3% | ~100% | 1.4900% | Verified |
| 2023 | -18.9% | -18.9% | ~100% | 1.8100% | Verified |
| 2022 | +35.5% | +35.5% | ~100% | 1.8300% | Verified |
| 2021 | base year | — | ~100% | 2.5000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -0.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.3% | +1.8% | +5.6% | +25.4% | 2023 | -12.4% | 2024 |
| Assessment Ratio | 100.0% | 85.5% | — | 100.0% | 2025 | 66.5% | 2021 |
| Effective Tax Rate (2025) | 1.8900% | 1.8900% | — | 1.8900% | 2025 | 1.8900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$11,387 | $12,679 | ~$13,013 | $14,957 | 2022 | $11,387 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$623,967 | ~$623,967 | ~2.0139% | ~$12,566 | +3.4% |
| 2027 | ~$645,478 | ~$645,478 | ~1.9814% | ~$12,789 | +7.0% |
| 2028 | ~$667,730 | ~$667,730 | ~1.9488% | ~$13,013 | +10.7% |
| 2029 | ~$690,749 | ~$690,749 | ~1.9163% | ~$13,237 | +14.5% |
| 2030 | ~$714,562 | ~$714,562 | ~1.8837% | ~$13,461 | +18.5% |
| 2026 | ~$611,903 | ~$611,903 | ~2.0465% | ~$12,523 | +1.4% |
| 2027 | ~$620,760 | ~$620,760 | ~2.0465% | ~$12,704 | +2.9% |
| 2028 | ~$629,745 | ~$629,745 | ~2.0465% | ~$12,888 | +4.4% |
| 2029 | ~$638,860 | ~$638,860 | ~2.0465% | ~$13,074 | +5.9% |
| 2030 | ~$648,107 | ~$648,107 | ~2.0465% | ~$13,263 | +7.4% |
| 2026 | ~$636,030 | ~$636,030 | ~1.9977% | ~$12,706 | +5.4% |
| 2027 | ~$670,678 | ~$670,678 | ~1.9488% | ~$13,070 | +11.2% |
| 2028 | ~$707,212 | ~$707,212 | ~1.9000% | ~$13,437 | +17.2% |
| 2029 | ~$745,737 | ~$745,737 | ~1.8512% | ~$13,805 | +23.6% |
| 2030 | ~$786,360 | ~$786,360 | ~1.8024% | ~$14,173 | +30.4% |
In 2025, this property's market value of $603,173 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +16% 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 | $603,173 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $663,655 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $757,325 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $603,800 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $526,700 | $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.