618 W 51 ST TX 78751
| Owner | BUTTERSCOTCH HOMES LLC |
|---|---|
| Parcel ID | 0224070228 |
| Short ID | 223210 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,800 SF |
| Land SF | 10,335 SF |
| Acres | 0.237 |
| Year Built | 1965 |
| Legal | LOT 10 EDGEFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $445,709 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $445,709 |
| Improvement | $261,382 |
|---|---|
| Total Improvement | $261,382 |
| Market | $707,091 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $707,091 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $707,091 |
| Taxable Value | $707,091 |
|---|
Appreciation: Market value has risen +23.6% from $571,954 (2021) to $707,091 (2025), a CAGR of 5.4% 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 $14,471. 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 63% of market value ($445,709 land vs $261,382 improvements), about $43/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $707,091, 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 +5.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $921,760 by 2030, with an estimated annual tax burden around $17,364. 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% | $6,542.01 | $6,542.01 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,705.28 | $3,705.28 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,657.57 | $2,657.57 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $834.53 | $834.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $731.13 | $731.13 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,470.52 | $14,470.52 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $765,896 | $707,091 | +8.3% |
| Assessed Value | $765,896 | $707,091 | +8.3% |
| Land Value | $389,996 | $445,709 | -12.5% |
| Improvement Value | $375,900 | $261,382 | +43.8% |
| Taxable Value | $765,896 | $707,091 | +8.3% |
| Total Tax 2026 = estimate |
~$15,674
Estimated
|
~$14,471
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $806,206 | $765,896 | -40,310 (-5.0%) |
| Taxable Value | $806,206 | $765,896 | -40,310 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $765,896 | $389,996 | $375,900 | — | $765,896 | $765,896 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $707,091 | $445,709 | $261,382 | — | $707,091 | $707,091 | ~$14,471 | Partial |
| 2024 | $971,549 | — | — | −$474,749 | $496,800 | $— | $18,459 | Verified |
| 2023 | $742,869 | — | — | −$246,069 | $496,800 | $— | $17,578 | Verified |
| 2022 | $668,033 | — | — | −$171,233 | $496,800 | $— | $14,671 | Verified |
| 2021 | $571,954 | — | — | −$268,354 | $303,600 | $— | $14,541 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +14.0% | +14.0% | ~100% | Not available | Partial |
| 2025 | -24.1% | -24.1% | ~100% | Not available | Partial |
| 2024 | -4.1% | -4.1% | ~100% | 1.9800% | Verified |
| 2023 | +11.2% | +11.2% | ~100% | 1.8100% | Verified |
| 2022 | +30.8% | +30.8% | ~100% | 1.6800% | Verified |
| 2021 | base year | — | ~100% | 2.5400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +5.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +8.3% | +8.0% | +3.8% | +30.8% | 2024 | -27.2% | 2025 |
| Assessment Ratio | 100.0% | 74.2% | — | 100.0% | 2025 | 51.1% | 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 |
$14,471 | $15,944 | ~$16,173 | $18,459 | 2024 | $14,471 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$745,597 | ~$745,597 | ~2.0139% | ~$15,016 | +5.4% |
| 2027 | ~$786,199 | ~$786,199 | ~1.9814% | ~$15,578 | +11.2% |
| 2028 | ~$829,012 | ~$829,012 | ~1.9488% | ~$16,156 | +17.2% |
| 2029 | ~$874,157 | ~$874,157 | ~1.9163% | ~$16,751 | +23.6% |
| 2030 | ~$921,760 | ~$921,760 | ~1.8837% | ~$17,364 | +30.4% |
| 2026 | ~$731,455 | ~$731,455 | ~2.0465% | ~$14,969 | +3.4% |
| 2027 | ~$756,658 | ~$756,658 | ~2.0465% | ~$15,485 | +7.0% |
| 2028 | ~$782,729 | ~$782,729 | ~2.0465% | ~$16,018 | +10.7% |
| 2029 | ~$809,699 | ~$809,699 | ~2.0465% | ~$16,570 | +14.5% |
| 2030 | ~$837,598 | ~$837,598 | ~2.0465% | ~$17,141 | +18.5% |
| 2026 | ~$759,738 | ~$759,738 | ~1.9977% | ~$15,177 | +7.4% |
| 2027 | ~$816,306 | ~$816,306 | ~1.9488% | ~$15,908 | +15.4% |
| 2028 | ~$877,085 | ~$877,085 | ~1.9000% | ~$16,665 | +24.0% |
| 2029 | ~$942,389 | ~$942,389 | ~1.8512% | ~$17,445 | +33.3% |
| 2030 | ~$1,012,556 | ~$1,012,556 | ~1.8024% | ~$18,250 | +43.2% |
In 2025, this property's market value of $707,091 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +36% 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 | $707,091 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $971,549 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $742,869 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $668,033 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $571,954 | $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.