612 W 51 ST TX 78751
| Owner | GOGOMA LLC |
|---|---|
| Parcel ID | 0224070225 |
| Short ID | 223207 |
| 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 7 EDGEFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $440,580 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $440,580 |
| Improvement | $245,420 |
|---|---|
| Total Improvement | $245,420 |
| Market | $686,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $686,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $686,000 |
| Taxable Value | $686,000 |
|---|
Appreciation: Market value has risen +31.5% from $521,735 (2021) to $686,000 (2025), a CAGR of 7.1% 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 $14,039. 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 $245,420 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 $686,000, 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 +7.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $965,866 by 2030, with an estimated annual tax burden around $18,194. 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% | $6,346.87 | $6,346.87 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,594.76 | $3,594.76 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,578.30 | $2,578.30 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $809.64 | $809.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $709.32 | $709.32 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,038.89 | $14,038.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $742,258 | $686,000 | +8.2% |
| Assessed Value | $742,258 | $686,000 | +8.2% |
| Land Value | $385,508 | $440,580 | -12.5% |
| Improvement Value | $356,750 | $245,420 | +45.4% |
| Taxable Value | $742,258 | $686,000 | +8.2% |
| Total Tax 2026 = estimate |
~$15,190
Estimated
|
~$14,039
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $742,258 | $742,258 | +0 (+0.0%) |
| Taxable Value | $742,258 | $742,258 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $742,258 | $385,508 | $356,750 | — | $742,258 | $742,258 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $686,000 | $440,580 | $245,420 | — | $686,000 | $686,000 | ~$14,039 | Partial |
| 2024 | $781,804 | — | — | −$286,804 | $495,000 | $— | $14,368 | Verified |
| 2023 | $757,908 | — | — | −$262,908 | $495,000 | $— | $14,145 | Verified |
| 2022 | $604,035 | — | — | −$109,035 | $495,000 | $— | $14,968 | Verified |
| 2021 | $521,735 | — | — | −$219,235 | $302,500 | $— | $13,148 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.2% | +8.2% | ~100% | Not available | Partial |
| 2025 | -5.4% | -5.4% | ~100% | Not available | Partial |
| 2024 | -7.3% | -7.3% | ~100% | 1.9800% | Verified |
| 2023 | +3.2% | +3.2% | ~100% | 1.8100% | Verified |
| 2022 | +25.5% | +25.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +13.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.2% | +8.1% | +5.5% | +25.5% | 2023 | -12.3% | 2025 |
| Assessment Ratio | 100.0% | 78.1% | — | 100.0% | 2025 | 58.0% | 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 |
$14,039 | $14,134 | ~$16,455 | $14,968 | 2022 | $13,148 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$734,586 | ~$734,586 | ~2.0139% | ~$14,794 | +7.1% |
| 2027 | ~$786,613 | ~$786,613 | ~1.9814% | ~$15,586 | +14.7% |
| 2028 | ~$842,325 | ~$842,325 | ~1.9488% | ~$16,416 | +22.8% |
| 2029 | ~$901,983 | ~$901,983 | ~1.9163% | ~$17,285 | +31.5% |
| 2030 | ~$965,866 | ~$965,866 | ~1.8837% | ~$18,194 | +40.8% |
| 2026 | ~$720,866 | ~$720,866 | ~2.0465% | ~$14,752 | +5.1% |
| 2027 | ~$757,504 | ~$757,504 | ~2.0465% | ~$15,502 | +10.4% |
| 2028 | ~$796,004 | ~$796,004 | ~2.0465% | ~$16,290 | +16.0% |
| 2029 | ~$836,461 | ~$836,461 | ~2.0465% | ~$17,118 | +21.9% |
| 2030 | ~$878,974 | ~$878,974 | ~2.0465% | ~$17,988 | +28.1% |
| 2026 | ~$748,306 | ~$748,306 | ~1.9977% | ~$14,949 | +9.1% |
| 2027 | ~$816,271 | ~$816,271 | ~1.9488% | ~$15,908 | +19.0% |
| 2028 | ~$890,409 | ~$890,409 | ~1.9000% | ~$16,918 | +29.8% |
| 2029 | ~$971,280 | ~$971,280 | ~1.8512% | ~$17,980 | +41.6% |
| 2030 | ~$1,059,497 | ~$1,059,497 | ~1.8024% | ~$19,096 | +54.4% |
In 2025, this property's market value of $686,000 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 | $686,000 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $781,804 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $757,908 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $604,035 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $521,735 | $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.