2504 GREAT OAKS PKWY AUSTIN, TX 78756
| Owner | POWIS MARGARET ANNE |
|---|---|
| Parcel ID | 0225020110 |
| Short ID | 224427 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,064 SF |
| Land SF | 12,176 SF |
| Acres | 0.280 |
| Year Built | 1954 |
| Legal | LOT 28 GREAT OAKS SEC 2 |
| Neighborhood | Y3005 |
| Land | $865,410 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $865,410 |
| Improvement | $129,766 |
|---|---|
| Total Improvement | $129,766 |
| Market | $995,176 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $995,176 |
| Value Limitation Adjustment (−) (homestead cap) | −$4,987 |
| Net Appraised (assessed) | $990,189 |
| Exemptions (−) (HS,OV65) | −$273,586 |
|---|---|
| Taxable Value | $716,603 |
Appreciation: Market value has risen +56.9% from $634,318 (2021) to $995,176 (2025), a CAGR of 11.9% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $14,665. City of Austin is the largest single contributor, at 32.6% of the total 2025 levy.
Assessment Gap: Assessed value ($990,189) is $4,987 below market value, suggesting potential for an upward assessment in future years.
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 87% of market value ($865,410 land vs $129,766 improvements), about $71/SF of land. With value concentrated in the land under a ~72-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 $995,176, 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 +11.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,747,395 by 2030, with an estimated annual tax burden around $30,040. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,064 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,064 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 360 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 92 SF | ✗ |
| 612 | TERRACE UNCOVERD | 80 SF | ✗ |
| 581 | STORAGE ATT | 64 SF | ✓ |
| 251 | BATHROOM | 3 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,499.51 | $3,499.51 | Paid |
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $3,130.52 | $3,130.52 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,693.32 | $2,693.32 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $796.21 | $796.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $622.57 | $622.57 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $10,742.13 | $10,742.13 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,110,023 | $995,176 | +11.5% |
| Assessed Value | $1,094,420 | $990,189 | +10.5% |
| Land Value | $629,389 | $865,410 | -27.3% |
| Improvement Value | $480,634 | $129,766 | +270.4% |
| Taxable Value | $805,749 | $716,603 | +12.4% |
| Exemptions | HS,OV65 | HS,OV65 | |
| HS Cap Loss | -$15,603 | — | |
| Total Tax 2026 = estimate |
~$16,490
Estimated
|
~$10,742
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,110,023 | $1,110,023 | +0 (+0.0%) |
| Taxable Value | $807,798 | $805,749 | -2,049 (-0.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,110,023 | $629,389 | $480,634 | −$15,603 | $1,094,420 | $805,749 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $995,176 | $865,410 | $129,766 | −$4,987 | $990,189 | $716,603 | ~$10,742 | Partial |
| 2024 | $1,075,197 | — | — | −$250,197 | $825,000 | $— | $11,187 | Verified |
| 2023 | $1,061,100 | — | — | −$401,100 | $660,000 | $— | $9,499 | Verified |
| 2022 | $741,050 | — | — | −$81,050 | $660,000 | $— | $10,846 | Verified |
| 2021 | $634,318 | — | — | −$124,318 | $510,000 | $— | $9,258 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.5% | +10.5% | 98.6% | Not available | Partial |
| 2025 | -14.9% | +0.0% | 99.5% | Not available | Partial |
| 2024 | +8.7% | +9.5% | 84.7% | 0.9600% | Verified |
| 2023 | +1.3% | +6.3% | 84.1% | 0.8800% | Verified |
| 2022 | +43.2% | +22.0% | 80.2% | 1.0200% | Verified |
| 2021 | base year | — | 94.1% | 1.4600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +34.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +11.5% | +13.1% | +9.6% | +43.2% | 2023 | -7.4% | 2025 |
| Assessment Ratio | 98.6% | 84.4% | — | 99.5% | 2025 | 62.2% | 2023 |
| Effective Tax Rate (2025) | 1.0800% | 1.0800% | — | 1.0800% | 2025 | 1.0800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$10,742 | $10,307 | ~$25,836 | $11,187 | 2024 | $9,258 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,113,777 | ~$1,089,208 | ~2.0139% | ~$21,936 | +11.9% |
| 2027 | ~$1,246,512 | ~$1,198,129 | ~1.9814% | ~$23,740 | +25.3% |
| 2028 | ~$1,395,065 | ~$1,317,942 | ~1.9488% | ~$25,685 | +40.2% |
| 2029 | ~$1,561,323 | ~$1,449,736 | ~1.9163% | ~$27,781 | +56.9% |
| 2030 | ~$1,747,395 | ~$1,594,709 | ~1.8837% | ~$30,040 | +75.6% |
| 2026 | ~$1,093,873 | ~$1,089,208 | ~2.0465% | ~$22,290 | +9.9% |
| 2027 | ~$1,202,359 | ~$1,198,129 | ~2.0465% | ~$24,520 | +20.8% |
| 2028 | ~$1,321,603 | ~$1,317,942 | ~2.0465% | ~$26,971 | +32.8% |
| 2029 | ~$1,452,674 | ~$1,449,736 | ~2.0465% | ~$29,669 | +46.0% |
| 2030 | ~$1,596,744 | ~$1,594,709 | ~2.0465% | ~$32,635 | +60.4% |
| 2026 | ~$1,133,680 | ~$1,089,208 | ~1.9977% | ~$21,759 | +13.9% |
| 2027 | ~$1,291,461 | ~$1,198,129 | ~1.9488% | ~$23,350 | +29.8% |
| 2028 | ~$1,471,200 | ~$1,317,942 | ~1.9000% | ~$25,041 | +47.8% |
| 2029 | ~$1,675,956 | ~$1,449,736 | ~1.8512% | ~$26,837 | +68.4% |
| 2030 | ~$1,909,208 | ~$1,594,709 | ~1.8024% | ~$28,743 | +91.8% |
In 2025, this property's market value of $995,176 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +91% 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 | $995,176 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,075,197 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,061,100 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $741,050 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $634,318 | $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.