616 W 51 ST TX 78751
| Owner | SZE-LO FAMILY REVOCABLE LIVING TRUST |
|---|---|
| Parcel ID | 0224070227 |
| Short ID | 223209 |
| 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 9 EDGEFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $440,580 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $440,580 |
| Improvement | $358,451 |
|---|---|
| Total Improvement | $358,451 |
| Market | $799,031 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $799,031 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $799,031 |
| Taxable Value | $799,031 |
|---|
Appreciation: Market value has risen +51.8% from $526,200 (2021) to $799,031 (2025), a CAGR of 11.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 outpaced 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 $16,352. 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 55% of market value ($440,580 land vs $358,451 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 $799,031, 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 +11.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,346,882 by 2030, with an estimated annual tax burden around $24,241. 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% | $7,392.63 | $7,392.63 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,187.06 | $4,187.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,003.12 | $3,003.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $943.04 | $943.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $826.20 | $826.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,352.05 | $16,352.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $690,921 | $799,031 | -13.5% |
| Assessed Value | $690,921 | $799,031 | -13.5% |
| Land Value | $385,508 | $440,580 | -12.5% |
| Improvement Value | $305,413 | $358,451 | -14.8% |
| Taxable Value | $690,921 | $799,031 | -13.5% |
| Total Tax 2026 = estimate |
~$14,140
Estimated
|
~$16,352
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $801,718 | $690,921 | -110,797 (-13.8%) |
| Taxable Value | $801,718 | $690,921 | -110,797 (-13.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $690,921 | $385,508 | $305,413 | — | $690,921 | $690,921 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $799,031 | $440,580 | $358,451 | — | $799,031 | $799,031 | ~$16,352 | Partial |
| 2024 | $930,000 | — | — | −$435,000 | $495,000 | $— | $15,359 | Verified |
| 2023 | $650,000 | — | — | −$155,000 | $495,000 | $— | $16,826 | Verified |
| 2022 | $630,540 | — | — | −$135,540 | $495,000 | $— | $12,837 | Verified |
| 2021 | $526,200 | — | — | −$223,700 | $302,500 | $— | $13,725 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2025 | +3.1% | +3.1% | ~100% | Not available | Partial |
| 2024 | -16.7% | -16.7% | ~100% | 1.9800% | Verified |
| 2023 | +43.1% | +43.1% | ~100% | 1.8100% | Verified |
| 2022 | +3.1% | +3.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +26.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -13.5% | +7.7% | +14.5% | +43.1% | 2024 | -14.1% | 2025 |
| Assessment Ratio | 100.0% | 77.6% | — | 100.0% | 2025 | 53.2% | 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 |
$16,352 | $15,020 | ~$20,849 | $16,826 | 2023 | $12,837 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$886,986 | ~$878,934 | ~2.0139% | ~$17,701 | +11.0% |
| 2027 | ~$984,623 | ~$966,828 | ~1.9814% | ~$19,157 | +23.2% |
| 2028 | ~$1,093,008 | ~$1,063,510 | ~1.9488% | ~$20,726 | +36.8% |
| 2029 | ~$1,213,323 | ~$1,169,861 | ~1.9163% | ~$22,418 | +51.8% |
| 2030 | ~$1,346,882 | ~$1,286,847 | ~1.8837% | ~$24,241 | +68.6% |
| 2026 | ~$871,006 | ~$871,006 | ~2.0465% | ~$17,825 | +9.0% |
| 2027 | ~$949,463 | ~$949,463 | ~2.0465% | ~$19,431 | +18.8% |
| 2028 | ~$1,034,988 | ~$1,034,988 | ~2.0465% | ~$21,181 | +29.5% |
| 2029 | ~$1,128,217 | ~$1,128,217 | ~2.0465% | ~$23,089 | +41.2% |
| 2030 | ~$1,229,844 | ~$1,229,844 | ~2.0465% | ~$25,169 | +53.9% |
| 2026 | ~$902,967 | ~$878,934 | ~1.9977% | ~$17,558 | +13.0% |
| 2027 | ~$1,020,422 | ~$966,828 | ~1.9488% | ~$18,842 | +27.7% |
| 2028 | ~$1,153,156 | ~$1,063,510 | ~1.9000% | ~$20,207 | +44.3% |
| 2029 | ~$1,303,155 | ~$1,169,861 | ~1.8512% | ~$21,656 | +63.1% |
| 2030 | ~$1,472,666 | ~$1,286,847 | ~1.8024% | ~$23,194 | +84.3% |
In 2025, this property's market value of $799,031 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +54% 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 | $799,031 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $930,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $650,000 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $630,540 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $526,200 | $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.