610 FRANKLIN BLVD TX 78751
| Owner | TAN RIDWAN |
|---|---|
| Parcel ID | 0226070618 |
| Short ID | 226613 |
| Type | Real |
| Use Code | 03 Triplex |
| Valuation | Income |
| Improvement SF | 2,496 SF |
| Land SF | 7,778 SF |
| Acres | 0.179 |
| Year Built | 1967 |
| Legal | LOT 53 LESS S5FT NORTHFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $435,565 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $435,565 |
| Improvement | $229,985 |
|---|---|
| Total Improvement | $229,985 |
| Market | $665,550 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $665,550 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $665,550 |
| Taxable Value | $665,550 |
|---|
Appreciation: Market value has risen +32.8% from $501,116 (2021) to $665,550 (2025), a CAGR of 7.4% over 4 years. This represents moderate, steady growth. 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 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 $13,620. 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 65% of market value ($435,565 land vs $229,985 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 $665,550, 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 +7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $948,929 by 2030, with an estimated annual tax burden around $17,875. 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% | $6,157.67 | $6,157.67 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,487.60 | $3,487.60 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,501.44 | $2,501.44 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $785.50 | $785.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $688.18 | $688.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,620.39 | $13,620.39 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $641,349 | $665,550 | -3.6% |
| Assessed Value | $641,349 | $665,550 | -3.6% |
| Land Value | $381,120 | $435,565 | -12.5% |
| Improvement Value | $260,229 | $229,985 | +13.2% |
| Taxable Value | $641,349 | $665,550 | -3.6% |
| Total Tax 2026 = estimate |
~$13,125
Estimated
|
~$13,620
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $744,197 | $641,349 | -102,848 (-13.8%) |
| Taxable Value | $744,197 | $641,349 | -102,848 (-13.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $641,349 | $381,120 | $260,229 | — | $641,349 | $641,349 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $665,550 | $435,565 | $229,985 | — | $665,550 | $665,550 | ~$13,620 | Partial |
| 2024 | $787,880 | — | — | −$337,880 | $450,000 | $— | $13,873 | Verified |
| 2023 | $697,015 | — | — | −$247,015 | $450,000 | $— | $14,255 | Verified |
| 2022 | $543,700 | — | — | −$93,700 | $450,000 | $— | $13,766 | Verified |
| 2021 | $501,116 | — | — | −$226,116 | $275,000 | $— | $11,835 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.8% | +11.8% | ~100% | Not available | Partial |
| 2025 | -4.9% | -4.9% | ~100% | Not available | Partial |
| 2024 | -11.2% | -11.2% | ~100% | 1.9800% | Verified |
| 2023 | +13.0% | +13.0% | ~100% | 1.8100% | Verified |
| 2022 | +28.2% | +28.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.6% | +6.1% | +8.2% | +28.2% | 2023 | -15.5% | 2025 |
| Assessment Ratio | 100.0% | 76.6% | — | 100.0% | 2025 | 54.9% | 2021 |
| 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 |
$13,620 | $13,470 | ~$16,089 | $14,255 | 2023 | $11,835 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$714,482 | ~$714,482 | ~2.0139% | ~$14,389 | +7.4% |
| 2027 | ~$767,012 | ~$767,012 | ~1.9814% | ~$15,197 | +15.2% |
| 2028 | ~$823,403 | ~$823,403 | ~1.9488% | ~$16,047 | +23.7% |
| 2029 | ~$883,941 | ~$883,941 | ~1.9163% | ~$16,939 | +32.8% |
| 2030 | ~$948,929 | ~$948,929 | ~1.8837% | ~$17,875 | +42.6% |
| 2026 | ~$701,171 | ~$701,171 | ~2.0465% | ~$14,349 | +5.4% |
| 2027 | ~$738,698 | ~$738,698 | ~2.0465% | ~$15,117 | +11.0% |
| 2028 | ~$778,234 | ~$778,234 | ~2.0465% | ~$15,926 | +16.9% |
| 2029 | ~$819,886 | ~$819,886 | ~2.0465% | ~$16,779 | +23.2% |
| 2030 | ~$863,768 | ~$863,768 | ~2.0465% | ~$17,677 | +29.8% |
| 2026 | ~$727,793 | ~$727,793 | ~1.9977% | ~$14,539 | +9.4% |
| 2027 | ~$795,857 | ~$795,857 | ~1.9488% | ~$15,510 | +19.6% |
| 2028 | ~$870,287 | ~$870,287 | ~1.9000% | ~$16,536 | +30.8% |
| 2029 | ~$951,677 | ~$951,677 | ~1.8512% | ~$17,617 | +43.0% |
| 2030 | ~$1,040,679 | ~$1,040,679 | ~1.8024% | ~$18,757 | +56.4% |
In 2025, this property's market value of $665,550 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +28% 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 | $665,550 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $787,880 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $697,015 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $543,700 | $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.