601 GAYLOR ST TX 78752
| Owner | HEMMAT A MIKE |
|---|---|
| Parcel ID | 0231091114 |
| Short ID | 232275 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,661 SF |
| Land SF | 10,338 SF |
| Acres | 0.237 |
| Year Built | 1959 |
| Legal | LOT 14 BLK G PLAZA PLACE |
| Neighborhood | Y7005 |
| Land | $380,071 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $380,071 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $375,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $375,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $375,000 |
| Taxable Value | $375,000 |
|---|
| Total Due | $8,850.47 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +18.1% from $317,400 (2021) to $375,000 (2025), a CAGR of 4.3% 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 $7,674. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 101% of market value ($380,071 land vs $0 improvements), about $37/SF of land. With value concentrated in the land under a ~67-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $375,000, this parcel sits in the bottom quartile (<25th 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 +4.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $461,915 by 2030, with an estimated annual tax burden around $8,701. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $8,850.47 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,661 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,661 SF | ✗ |
| 061 | CARPORT ATT 1ST | 926 SF | ✗ |
| 581 | STORAGE ATT | 174 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 52 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +174 |
| Travis County | 0.3444% | 0.3758% | +118 |
| Austin ISD | 0.9505% | 0.9252% | -95 |
| Travis Central Health | 0.1080% | 0.1180% | +38 |
| Austin Community College | 0.1013% | 0.1034% | +8 |
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $3,469.50 | $— | $3,469.50 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,965.06 | $— | $1,965.06 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,409.42 | $— | $1,409.42 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $442.59 | $— | $442.59 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $387.75 | $— | $387.75 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $7,674.32 | $0.00 | $7,674.32 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $287,558 | $375,000 | -23.3% |
| Assessed Value | $287,558 | $375,000 | -23.3% |
| Land Value | $253,381 | $380,071 | -33.3% |
| Improvement Value | $34,177 | — | — |
| Taxable Value | $287,558 | $375,000 | -23.3% |
| Total Tax 2026 = estimate |
~$5,885
Estimated
|
$7,674 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $287,558 | $287,558 | +0 (+0.0%) |
| Taxable Value | $287,558 | $287,558 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $287,558 | $253,381 | $34,177 | — | $287,558 | $287,558 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $375,000 | $380,071 | — | — | $375,000 | $375,000 | $7,674 | Verified |
| 2024 | $456,626 | — | — | −$96,626 | $360,000 | $— | $8,474 | Verified |
| 2023 | $492,565 | — | — | −$132,565 | $360,000 | $— | $8,261 | Verified |
| 2022 | $320,869 | — | — | — | $360,000 ! | $— | $9,728 | Verified |
| 2021 | $317,400 | — | — | −$77,400 | $240,000 | $— | $6,984 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -23.3% | -23.3% | ~100% | Not available | Partial |
| 2025 | -12.3% | -12.3% | ~100% | 2.0500% | Verified |
| 2024 | -6.4% | -6.4% | ~100% | 1.9800% | Verified |
| 2023 | -7.3% | -7.3% | ~100% | 1.8100% | Verified |
| 2022 | +53.5% | +53.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.3% | +1.2% | +10.6% | +53.5% | 2023 | -23.3% | 2026 |
| Assessment Ratio | 100.0% | 90.0% | — | 112.2% | 2022 | 73.1% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $7,674 | $8,224 | ~$8,285 | $9,728 | 2022 | $6,984 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$390,965 | ~$390,965 | ~2.0139% | ~$7,874 | +4.3% |
| 2027 | ~$407,609 | ~$407,609 | ~1.9814% | ~$8,076 | +8.7% |
| 2028 | ~$424,961 | ~$424,961 | ~1.9488% | ~$8,282 | +13.3% |
| 2029 | ~$443,053 | ~$443,053 | ~1.9163% | ~$8,490 | +18.1% |
| 2030 | ~$461,915 | ~$461,915 | ~1.8837% | ~$8,701 | +23.2% |
| 2026 | ~$383,465 | ~$383,465 | ~2.0465% | ~$7,848 | +2.3% |
| 2027 | ~$392,120 | ~$392,120 | ~2.0465% | ~$8,025 | +4.6% |
| 2028 | ~$400,971 | ~$400,971 | ~2.0465% | ~$8,206 | +6.9% |
| 2029 | ~$410,022 | ~$410,022 | ~2.0465% | ~$8,391 | +9.3% |
| 2030 | ~$419,277 | ~$419,277 | ~2.0465% | ~$8,580 | +11.8% |
| 2026 | ~$398,465 | ~$398,465 | ~1.9977% | ~$7,960 | +6.3% |
| 2027 | ~$423,397 | ~$423,397 | ~1.9488% | ~$8,251 | +12.9% |
| 2028 | ~$449,890 | ~$449,890 | ~1.9000% | ~$8,548 | +20.0% |
| 2029 | ~$478,041 | ~$478,041 | ~1.8512% | ~$8,849 | +27.5% |
| 2030 | ~$507,953 | ~$507,953 | ~1.8024% | ~$9,155 | +35.5% |
In 2025, this property's market value of $375,000 places it in the bottom 25% for Multi-Family properties in Travis County (12584 comparable) — -28% below 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 | $375,000 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $456,626 | $467,458 | $564,615 | $848,565 | ↓ Bottom 25% | -6.3% |
| 2023 | $492,565 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $320,869 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $317,400 | $300,453 | $376,850 | $539,896 | ↓ Below 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.