606 FRANKLIN BLVD TX 78751
| Owner | PATEL ANISH & HIREN PANCHASARA |
|---|---|
| Parcel ID | 0226070616 |
| Short ID | 226611 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 2,496 SF |
| Land SF | 7,681 SF |
| Acres | 0.176 |
| Year Built | 1967 |
| Legal | LOT 57 *LESS S5FT NORTHFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $433,625 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $433,625 |
| Improvement | $353,254 |
|---|---|
| Total Improvement | $353,254 |
| Market | $786,879 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $786,879 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $786,879 |
| Taxable Value | $786,879 |
|---|
Appreciation: Market value has risen +57.0% from $501,116 (2021) to $786,879 (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 $16,103. 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 ($433,625 land vs $353,254 improvements), about $56/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $786,879, 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 $1,383,152 by 2030, with an estimated annual tax burden around $23,872. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,496 SF | ✗ |
| 1ST | 1st Floor | 1,248 SF | ✓ |
| 2ND | 2nd Floor | 1,248 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $7,280.20 | $7,280.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,123.38 | $4,123.38 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,957.45 | $2,957.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $928.70 | $928.70 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $813.63 | $813.63 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,103.36 | $16,103.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $742,499 | $786,879 | -5.6% |
| Assessed Value | $742,499 | $786,879 | -5.6% |
| Land Value | $379,422 | $433,625 | -12.5% |
| Improvement Value | $363,077 | $353,254 | +2.8% |
| Taxable Value | $742,499 | $786,879 | -5.6% |
| Total Tax 2026 = estimate |
~$15,195
Estimated
|
~$16,103
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $742,499 | $742,499 | +0 (+0.0%) |
| Taxable Value | $742,499 | $742,499 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $742,499 | $379,422 | $363,077 | — | $742,499 | $742,499 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $786,879 | $433,625 | $353,254 | — | $786,879 | $786,879 | ~$16,103 | Partial |
| 2024 | $968,813 | — | — | −$518,813 | $450,000 | $— | $17,298 | Verified |
| 2023 | $785,812 | — | — | −$335,812 | $450,000 | $— | $17,528 | Verified |
| 2022 | $598,623 | — | — | −$148,623 | $450,000 | $— | $10,504 | Verified |
| 2021 | $501,116 | — | — | −$226,116 | $275,000 | $— | $10,614 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.6% | -5.6% | ~100% | Not available | Partial |
| 2025 | -9.8% | -9.8% | ~100% | Not available | Partial |
| 2024 | -9.9% | -9.9% | ~100% | 1.9800% | Verified |
| 2023 | +23.3% | +59.8% | ~100% | 1.8100% | Verified |
| 2022 | +31.3% | +10.0% | 77.2% | 1.3400% | Verified |
| 2021 | base year | — | 92.1% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +31.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.6% | +9.9% | +13.3% | +31.3% | 2023 | -18.8% | 2025 |
| Assessment Ratio | 100.0% | 72.3% | — | 100.0% | 2025 | 46.4% | 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 |
$16,103 | $14,409 | ~$20,531 | $17,528 | 2023 | $10,504 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$880,847 | ~$865,567 | ~2.0139% | ~$17,432 | +11.9% |
| 2027 | ~$986,036 | ~$952,124 | ~1.9814% | ~$18,865 | +25.3% |
| 2028 | ~$1,103,787 | ~$1,047,336 | ~1.9488% | ~$20,411 | +40.3% |
| 2029 | ~$1,235,599 | ~$1,152,070 | ~1.9163% | ~$22,077 | +57.0% |
| 2030 | ~$1,383,152 | ~$1,267,276 | ~1.8837% | ~$23,872 | +75.8% |
| 2026 | ~$865,109 | ~$865,109 | ~2.0465% | ~$17,704 | +9.9% |
| 2027 | ~$951,117 | ~$951,117 | ~2.0465% | ~$19,464 | +20.9% |
| 2028 | ~$1,045,675 | ~$1,045,675 | ~2.0465% | ~$21,400 | +32.9% |
| 2029 | ~$1,149,635 | ~$1,149,635 | ~2.0465% | ~$23,527 | +46.1% |
| 2030 | ~$1,263,930 | ~$1,263,930 | ~2.0465% | ~$25,866 | +60.6% |
| 2026 | ~$896,584 | ~$865,567 | ~1.9977% | ~$17,291 | +13.9% |
| 2027 | ~$1,021,585 | ~$952,124 | ~1.9488% | ~$18,555 | +29.8% |
| 2028 | ~$1,164,012 | ~$1,047,336 | ~1.9000% | ~$19,900 | +47.9% |
| 2029 | ~$1,326,297 | ~$1,152,070 | ~1.8512% | ~$21,327 | +68.6% |
| 2030 | ~$1,511,207 | ~$1,267,276 | ~1.8024% | ~$22,841 | +92.1% |
In 2025, this property's market value of $786,879 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +51% 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 | $786,879 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $968,813 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $785,812 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $598,623 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $501,116 | $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.