602 W NORTH LOOP BLVD TX 78751
| Owner | MCBRIDE JOSEPH |
|---|---|
| Parcel ID | 0226070715 |
| Short ID | 226678 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,383 SF |
| Land SF | 8,293 SF |
| Acres | 0.190 |
| Year Built | 2007 |
| Legal | LOT 29 NORTHFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $401,279 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $401,279 |
| Improvement | $842,947 |
|---|---|
| Total Improvement | $842,947 |
| Market | $1,244,226 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,244,226 |
| Value Limitation Adjustment (−) (homestead cap) | −$17,248 |
| Net Appraised (assessed) | $1,226,978 |
| Exemptions (−) (HS) | −$120,973 |
|---|---|
| Taxable Value | $1,106,005 |
Appreciation: Market value has risen +25.7% from $990,202 (2021) to $1,244,226 (2025), a CAGR of 5.9% 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 $22,634. Austin ISD is the largest single contributor, at 44.5% of the total 2025 levy.
Assessment Gap: Assessed value ($1,226,978) is $17,248 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 32% of market value ($401,279 land vs $842,947 improvements), about $48/SF of land. Most value sits in the improvements, so building condition, age (~19 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,244,226, 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 +5.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,655,269 by 2030, with an estimated annual tax burden around $31,181. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,383 SF | ✗ |
| 2ND | 2nd Floor | 2,450 SF | ✓ |
| 1ST | 1st Floor | 1,751 SF | ✓ |
| 061 | CARPORT ATT 1ST | 734 SF | ✗ |
| 612 | TERRACE UNCOVERD | 304 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 217 SF | ✗ |
| 1/2 | Half Floor | 182 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% | $10,056.72 | $10,056.72 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,795.65 | $5,795.65 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,156.86 | $4,156.86 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,305.34 | $1,305.34 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,262.44 | $1,262.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,577.01 | $22,577.01 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,020,000 | $1,244,226 | -18.0% |
| Assessed Value | $1,020,000 | $1,226,978 | -16.9% |
| Land Value | $351,119 | $401,279 | -12.5% |
| Improvement Value | $668,881 | $842,947 | -20.6% |
| Taxable Value | $1,020,000 | $1,106,005 | -7.8% |
| Exemptions | — | HS | |
| Total Tax 2026 = estimate |
~$20,874
Estimated
|
~$22,577
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,089,385 | $1,020,000 | -69,385 (-6.4%) |
| Taxable Value | $1,089,385 | $1,020,000 | -69,385 (-6.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,020,000 | $351,119 | $668,881 | — | $1,020,000 | $1,020,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,244,226 | $401,279 | $842,947 | −$17,248 | $1,226,978 | $1,106,005 | ~$22,577 | Partial |
| 2024 | $1,781,618 | — | — | −$1,336,118 | $445,500 | $— | $25,116 | Verified |
| 2023 | $1,398,769 | — | — | −$953,269 | $445,500 | $— | $23,446 | Verified |
| 2022 | $1,110,388 | — | — | −$664,888 | $445,500 | $— | $22,183 | Verified |
| 2021 | $990,202 | — | — | −$717,952 | $272,250 | $— | $20,522 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.4% | -11.2% | ~100% | Not available | Partial |
| 2025 | -23.9% | -10.3% | 98.6% | Not available | Partial |
| 2024 | -8.3% | -1.7% | 83.6% | 1.5400% | Verified |
| 2023 | +27.4% | +20.5% | 78.1% | 1.3200% | Verified |
| 2022 | +26.0% | +19.2% | 82.5% | 1.5900% | Verified |
| 2021 | base year | — | 87.2% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -18.0% | +3.5% | +10.5% | +27.4% | 2024 | -30.2% | 2025 |
| Assessment Ratio | 100.0% | 53.8% | — | 100.0% | 2026 | 25.0% | 2024 |
| Effective Tax Rate (2025) | 1.8100% | 1.8100% | — | 1.8100% | 2025 | 1.8100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$22,577 | $22,769 | ~$28,817 | $25,116 | 2024 | $20,522 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,317,326 | ~$1,317,326 | ~2.0139% | ~$26,530 | +5.9% |
| 2027 | ~$1,394,720 | ~$1,394,720 | ~1.9814% | ~$27,635 | +12.1% |
| 2028 | ~$1,476,661 | ~$1,476,661 | ~1.9488% | ~$28,778 | +18.7% |
| 2029 | ~$1,563,417 | ~$1,563,417 | ~1.9163% | ~$29,960 | +25.7% |
| 2030 | ~$1,655,269 | ~$1,655,269 | ~1.8837% | ~$31,181 | +33.0% |
| 2026 | ~$1,292,441 | ~$1,292,441 | ~2.0465% | ~$26,450 | +3.9% |
| 2027 | ~$1,342,525 | ~$1,342,525 | ~2.0465% | ~$27,475 | +7.9% |
| 2028 | ~$1,394,549 | ~$1,394,549 | ~2.0465% | ~$28,539 | +12.1% |
| 2029 | ~$1,448,589 | ~$1,448,589 | ~2.0465% | ~$29,645 | +16.4% |
| 2030 | ~$1,504,724 | ~$1,504,724 | ~2.0465% | ~$30,794 | +20.9% |
| 2026 | ~$1,342,210 | ~$1,342,210 | ~1.9977% | ~$26,813 | +7.9% |
| 2027 | ~$1,447,911 | ~$1,447,911 | ~1.9488% | ~$28,217 | +16.4% |
| 2028 | ~$1,561,935 | ~$1,561,935 | ~1.9000% | ~$29,677 | +25.5% |
| 2029 | ~$1,684,939 | ~$1,684,939 | ~1.8512% | ~$31,191 | +35.4% |
| 2030 | ~$1,817,630 | ~$1,817,630 | ~1.8024% | ~$32,760 | +46.1% |
In 2025, this property's market value of $1,244,226 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +139% 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 | $1,244,226 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,781,618 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,398,769 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,110,388 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $990,202 | $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.