115 W KOENIG LN TX 78751
| Owner | BRACEWELL ROBERT GENE |
|---|---|
| Parcel ID | 0227090903 |
| Short ID | 228145 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 19,542 SF |
| Land SF | 28,989 SF |
| Acres | 0.665 |
| Year Built | 1968 |
| Legal | LOT 1C PARKER & HOWARD SUBD |
| Neighborhood | 05NC |
| Land | $1,884,285 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,884,285 |
| Improvement | $1,305,715 |
|---|---|
| Total Improvement | $1,305,715 |
| Market | $3,190,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,190,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,190,000 |
| Taxable Value | $3,190,000 |
|---|
Appreciation: Market value has risen +8.8% from $2,931,300 (2021) to $3,190,000 (2025), a CAGR of 2.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $65,283. 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 59% of market value ($1,884,285 land vs $1,305,715 improvements), about $65/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $3,190,000, 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 +2.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,545,714 by 2030, with an estimated annual tax burden around $66,792. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 39,402 SF | ✗ |
| 551 | PAVED AREA | 11,000 SF | ✗ |
| 1ST | 1st Floor | 9,954 SF | ✓ |
| 2ND | 2nd Floor | 9,588 SF | ✓ |
| 591 | MASONRY TRIM SF | 6,500 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,553 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,545 SF | ✗ |
| 611 | TERRACE | 620 SF | ✗ |
| 511 | DECK | 293 SF | ✗ |
| 581C | STORAGE ATT COMM | 180 SF | ✓ |
| MISC | Miscellaneous | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 1 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% | $29,513.88 | $29,513.88 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,716.14 | $16,716.14 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $11,989.46 | $11,989.46 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,764.93 | $3,764.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,298.46 | $3,298.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $65,282.87 | $65,282.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,270,000 | $3,190,000 | +2.5% |
| Assessed Value | $3,270,000 | $3,190,000 | +2.5% |
| Land Value | $1,884,285 | $1,884,285 | +0.0% |
| Improvement Value | $1,385,715 | $1,305,715 | +6.1% |
| Taxable Value | $3,270,000 | $3,190,000 | +2.5% |
| Total Tax 2026 = estimate |
~$66,920
Estimated
|
~$65,283
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,908,400 | $3,270,000 | -638,400 (-16.3%) |
| Taxable Value | $3,828,000 | $3,270,000 | -558,000 (-14.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,270,000 | $1,884,285 | $1,385,715 | — | $3,270,000 | $3,270,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,190,000 | $1,884,285 | $1,305,715 | — | $3,190,000 | $3,190,000 | ~$65,283 | Partial |
| 2024 | $2,970,720 | — | — | −$1,086,435 | $1,884,285 | $— | $61,040 | Verified |
| 2023 | $2,922,576 | — | — | −$1,038,291 | $1,884,285 | $— | $53,748 | Verified |
| 2022 | $2,800,000 | — | — | −$1,350,550 | $1,449,450 | $— | $57,719 | Verified |
| 2021 | $2,931,300 | — | — | −$1,916,685 | $1,014,615 | $— | $60,947 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +22.5% | +20.0% | 97.9% | Not available | Partial |
| 2025 | +3.6% | +3.6% | ~100% | Not available | Partial |
| 2024 | +3.7% | +3.7% | ~100% | 1.9800% | Verified |
| 2023 | +1.6% | +1.6% | ~100% | 1.8100% | Verified |
| 2022 | -6.5% | -6.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.5% | +2.3% | +1.6% | +7.4% | 2025 | -4.5% | 2022 |
| Assessment Ratio | 100.0% | 69.0% | — | 100.0% | 2025 | 34.6% | 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 |
$65,283 | $59,747 | ~$66,222 | $65,283 | 2025 | $53,748 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,258,167 | ~$3,258,167 | ~2.0139% | ~$65,617 | +2.1% |
| 2027 | ~$3,327,790 | ~$3,327,790 | ~1.9814% | ~$65,936 | +4.3% |
| 2028 | ~$3,398,901 | ~$3,398,901 | ~1.9488% | ~$66,239 | +6.5% |
| 2029 | ~$3,471,531 | ~$3,471,531 | ~1.9163% | ~$66,525 | +8.8% |
| 2030 | ~$3,545,714 | ~$3,545,714 | ~1.8837% | ~$66,792 | +11.2% |
| 2026 | ~$3,194,367 | ~$3,194,367 | ~2.0465% | ~$65,372 | +0.1% |
| 2027 | ~$3,198,739 | ~$3,198,739 | ~2.0465% | ~$65,462 | +0.3% |
| 2028 | ~$3,203,118 | ~$3,203,118 | ~2.0465% | ~$65,551 | +0.4% |
| 2029 | ~$3,207,502 | ~$3,207,502 | ~2.0465% | ~$65,641 | +0.5% |
| 2030 | ~$3,211,893 | ~$3,211,893 | ~2.0465% | ~$65,731 | +0.7% |
| 2026 | ~$3,321,967 | ~$3,321,967 | ~1.9977% | ~$66,362 | +4.1% |
| 2027 | ~$3,459,392 | ~$3,459,392 | ~1.9488% | ~$67,418 | +8.4% |
| 2028 | ~$3,602,504 | ~$3,602,504 | ~1.9000% | ~$68,448 | +12.9% |
| 2029 | ~$3,751,535 | ~$3,751,535 | ~1.8512% | ~$69,448 | +17.6% |
| 2030 | ~$3,906,732 | ~$3,906,732 | ~1.8024% | ~$70,414 | +22.5% |
In 2025, this property's market value of $3,190,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 6× 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 | $3,190,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,970,720 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,922,576 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,800,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,931,300 | $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.