5408 MARTIN AVE TX
| Owner | EHLERS-DULBERG REVOCABLE TRUST |
|---|---|
| Parcel ID | 0225101415 |
| Short ID | 225365 |
| Type | Real |
| Use Code | C1 Vacant Lot |
| Valuation | Cost |
| Improvement SF | — |
| Land SF | 5,761 SF |
| Acres | 0.132 |
| Year Built | — |
| Legal | S 50FT OF LOT 17 BLK 29 HIGHLANDS THE |
| Neighborhood | Y1000 |
| Land | $300,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $300,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $300,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $300,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$194,214 |
| Net Appraised (assessed) | $105,786 |
| Taxable Value | $105,786 |
|---|
Appreciation: Market value has risen +456.8% from $53,883 (2021) to $300,000 (2025), a CAGR of 53.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has lagged the broader land/vacant 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 $2,165. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($105,786) is $194,214 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($300,000 land vs $0 improvements), about $52/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $300,000, this parcel sits in the upper-middle (50th–75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +53.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,565,713 by 2030, with an estimated annual tax burden around $48,331. 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.
Market value changed by 240% in 2025, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $978.73 | $978.73 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $554.34 | $554.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $397.59 | $397.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $124.85 | $124.85 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $109.38 | $109.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,164.89 | $2,164.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $262,500 | $300,000 | -12.5% |
| Assessed Value | $126,943 | $105,786 | +20.0% |
| Land Value | $262,500 | $300,000 | -12.5% |
| Improvement Value | — | — | — |
| Taxable Value | $126,943 | $105,786 | +20.0% |
| HS Cap Loss | -$135,557 | — | |
| Total Tax 2026 = estimate |
~$2,598
Estimated
|
~$2,165
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $262,500 | $262,500 | +0 (+0.0%) |
| Taxable Value | $126,943 | $126,943 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $262,500 | $262,500 | — | −$135,557 | $126,943 | $126,943 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $300,000 | $300,000 | — | −$194,214 | $105,786 | $105,786 | ~$2,165 | Partial |
| 2024 | $— | — | — | — | $88,155 | $— | $1,747 | Verified |
| 2023 | $— | — | — | — | $88,155 | $— | $1,595 | Verified |
| 2022 | $— | — | — | — | $88,155 | $— | $1,741 | Verified |
| 2021 | $53,883 | — | — | — | $53,883 | $— | $1,173 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.5% | +20.0% | 48.4% | Not available | Partial |
| 2025 | +240.3% ! | +20.0% | 35.3% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +63.6% | +63.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +456.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.5% | +222.2% | +58.0% | +456.8% | 2025 | -12.5% | 2026 |
| Assessment Ratio | 48.4% | 61.2% | — | 100.0% | 2021 | 35.3% | 2025 |
| Effective Tax Rate (2025) | 0.7200% | 0.7200% | — | 0.7200% | 2025 | 0.7200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,165 | $1,669 | ~$24,967 | $2,165 | 2025 | $1,173 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$460,828 | ~$460,828 | ~2.0139% | ~$9,281 | +53.6% |
| 2027 | ~$707,874 | ~$707,874 | ~1.9814% | ~$14,026 | +136.0% |
| 2028 | ~$1,087,360 | ~$1,087,360 | ~1.9488% | ~$21,191 | +262.5% |
| 2029 | ~$1,670,286 | ~$1,670,286 | ~1.9163% | ~$32,008 | +456.8% |
| 2030 | ~$2,565,713 | ~$2,565,713 | ~1.8837% | ~$48,331 | +755.2% |
| 2026 | ~$454,828 | ~$454,828 | ~2.0465% | ~$9,308 | +51.6% |
| 2027 | ~$689,561 | ~$689,561 | ~2.0465% | ~$14,112 | +129.9% |
| 2028 | ~$1,045,438 | ~$1,045,438 | ~2.0465% | ~$21,395 | +248.5% |
| 2029 | ~$1,584,981 | ~$1,584,981 | ~2.0465% | ~$32,436 | +428.3% |
| 2030 | ~$2,402,978 | ~$2,402,978 | ~2.0465% | ~$49,177 | +701.0% |
| 2026 | ~$466,828 | ~$466,828 | ~1.9977% | ~$9,326 | +55.6% |
| 2027 | ~$726,427 | ~$726,427 | ~1.9488% | ~$14,157 | +142.1% |
| 2028 | ~$1,130,388 | ~$1,130,388 | ~1.9000% | ~$21,478 | +276.8% |
| 2029 | ~$1,758,988 | ~$1,758,988 | ~1.8512% | ~$32,562 | +486.3% |
| 2030 | ~$2,737,148 | ~$2,737,148 | ~1.8024% | ~$49,334 | +812.4% |
In 2025, this property's market value of $300,000 places it in the 50th–75th percentile for Land/Vacant properties in Travis County (35611 comparable) — 4× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $300,000 | $24,862 | $85,028 | $363,420 | ↑ Above median | +2.1% |
| 2024 | — | $23,000 | $66,000 | $330,000 | — | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $53,883 | $6,000 | $14,480 | $80,000 | ↑ 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.