606 W 51 ST TX 78751
| Owner | HELMERS BRIAN & LORI R |
|---|---|
| Parcel ID | 0224070222 |
| Short ID | 223204 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,800 SF |
| Land SF | 8,029 SF |
| Acres | 0.184 |
| Year Built | 1965 |
| Legal | LOT 4 EDGEFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $440,580 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $440,580 |
| Improvement | $245,733 |
|---|---|
| Total Improvement | $245,733 |
| Market | $686,313 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $686,313 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $686,313 |
| Taxable Value | $686,313 |
|---|
Appreciation: Market value has risen +29.0% from $532,200 (2021) to $686,313 (2025), a CAGR of 6.6% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $14,045. 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 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 64% of market value ($440,580 land vs $245,733 improvements), about $55/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $686,313, 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 +6.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $943,151 by 2030, with an estimated annual tax burden around $17,767. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,800 SF | ✓ |
| 251 | BATHROOM | 4 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% | $6,349.77 | $6,349.77 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,596.40 | $3,596.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,579.47 | $2,579.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $810.01 | $810.01 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $709.65 | $709.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,045.30 | $14,045.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $644,206 | $686,313 | -6.1% |
| Assessed Value | $644,206 | $686,313 | -6.1% |
| Land Value | $385,508 | $440,580 | -12.5% |
| Improvement Value | $258,698 | $245,733 | +5.3% |
| Taxable Value | $644,206 | $686,313 | -6.1% |
| Total Tax 2026 = estimate |
~$13,184
Estimated
|
~$14,045
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $742,258 | $644,206 | -98,052 (-13.2%) |
| Taxable Value | $742,258 | $644,206 | -98,052 (-13.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $644,206 | $385,508 | $258,698 | — | $644,206 | $644,206 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $686,313 | $440,580 | $245,733 | — | $686,313 | $686,313 | ~$14,045 | Partial |
| 2024 | $915,638 | — | — | −$420,638 | $495,000 | $— | $15,557 | Verified |
| 2023 | $770,919 | — | — | −$275,919 | $495,000 | $— | $16,566 | Verified |
| 2022 | $629,300 | — | — | −$134,300 | $495,000 | $— | $15,225 | Verified |
| 2021 | $532,200 | — | — | −$229,700 | $302,500 | $— | $13,698 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.2% | +8.2% | ~100% | Not available | Partial |
| 2025 | -26.2% | -26.2% | ~100% | Not available | Partial |
| 2024 | +1.5% | +1.5% | ~100% | 1.6700% | Verified |
| 2023 | +7.0% | +7.0% | ~100% | 1.8100% | Verified |
| 2022 | +35.9% | +35.9% | ~100% | 1.7800% | Verified |
| 2021 | base year | — | ~100% | 2.5700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.1% | +5.7% | +8.0% | +22.5% | 2023 | -25.0% | 2025 |
| Assessment Ratio | 100.0% | 75.6% | — | 100.0% | 2025 | 54.1% | 2024 |
| 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 |
$14,045 | $15,018 | ~$16,217 | $16,566 | 2023 | $13,698 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$731,365 | ~$731,365 | ~2.0139% | ~$14,729 | +6.6% |
| 2027 | ~$779,374 | ~$779,374 | ~1.9814% | ~$15,442 | +13.6% |
| 2028 | ~$830,535 | ~$830,535 | ~1.9488% | ~$16,186 | +21.0% |
| 2029 | ~$885,054 | ~$885,054 | ~1.9163% | ~$16,960 | +29.0% |
| 2030 | ~$943,151 | ~$943,151 | ~1.8837% | ~$17,767 | +37.4% |
| 2026 | ~$717,639 | ~$717,639 | ~2.0465% | ~$14,686 | +4.6% |
| 2027 | ~$750,394 | ~$750,394 | ~2.0465% | ~$15,357 | +9.3% |
| 2028 | ~$784,644 | ~$784,644 | ~2.0465% | ~$16,058 | +14.3% |
| 2029 | ~$820,458 | ~$820,458 | ~2.0465% | ~$16,791 | +19.5% |
| 2030 | ~$857,906 | ~$857,906 | ~2.0465% | ~$17,557 | +25.0% |
| 2026 | ~$745,091 | ~$745,091 | ~1.9977% | ~$14,884 | +8.6% |
| 2027 | ~$808,903 | ~$808,903 | ~1.9488% | ~$15,764 | +17.9% |
| 2028 | ~$878,180 | ~$878,180 | ~1.9000% | ~$16,686 | +28.0% |
| 2029 | ~$953,390 | ~$953,390 | ~1.8512% | ~$17,649 | +38.9% |
| 2030 | ~$1,035,042 | ~$1,035,042 | ~1.8024% | ~$18,655 | +50.8% |
In 2025, this property's market value of $686,313 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +32% 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 | $686,313 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $915,638 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $770,919 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $629,300 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $532,200 | $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.