505 KENNISTON DR TX 78752
| Owner | TEXAS GREENSPRING LLC |
|---|---|
| Parcel ID | 0231110401 |
| Short ID | 232429 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 3,796 SF |
| Land SF | 10,585 SF |
| Acres | 0.243 |
| Year Built | 1968 |
| Legal | LOT 20 BLK 7 LESS N 5FT SILVERTON HEIGHTS |
| Neighborhood | 05NC1 |
| Land | $423,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $423,400 |
| Improvement | $335,800 |
|---|---|
| Total Improvement | $335,800 |
| Market | $759,200 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $759,200 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $759,200 |
| Taxable Value | $759,200 |
|---|
Appreciation: Market value has risen +53.8% from $493,480 (2021) to $759,200 (2025), a CAGR of 11.4% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $15,537. 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 56% of market value ($423,400 land vs $335,800 improvements), about $40/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $759,200, 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 +11.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,300,812 by 2030, with an estimated annual tax burden around $23,033. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 5,184 SF | ✗ |
| 1ST | 1st Floor | 1,898 SF | ✓ |
| 2ND | 2nd Floor | 1,898 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 270 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 243 SF | ✗ |
| 581C | STORAGE ATT COMM | 99 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $7,024.12 | $7,024.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,978.34 | $3,978.34 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,853.42 | $2,853.42 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $896.03 | $896.03 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $785.01 | $785.01 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,536.92 | $15,536.92 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $590,000 | $759,200 | -22.3% |
| Assessed Value | $590,000 | $759,200 | -22.3% |
| Land Value | $423,400 | $423,400 | +0.0% |
| Improvement Value | $166,600 | $335,800 | -50.4% |
| Taxable Value | $590,000 | $759,200 | -22.3% |
| Total Tax 2026 = estimate |
~$12,074
Estimated
|
~$15,537
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $759,200 | $590,000 | -169,200 (-22.3%) |
| Taxable Value | $759,200 | $590,000 | -169,200 (-22.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $590,000 | $423,400 | $166,600 | — | $590,000 | $590,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $759,200 | $423,400 | $335,800 | — | $759,200 | $759,200 | ~$15,537 | Partial |
| 2024 | $683,280 | — | — | −$259,880 | $423,400 | $— | $14,294 | Verified |
| 2023 | $626,340 | — | — | −$202,940 | $423,400 | $— | $12,362 | Verified |
| 2022 | $528,513 | — | — | −$105,113 | $423,400 | $— | $12,370 | Verified |
| 2021 | $493,480 | — | — | −$175,930 | $317,550 | $— | $11,504 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +5.3% | +5.3% | ~100% | Not available | Partial |
| 2024 | +5.6% | +5.6% | ~100% | 1.9800% | Verified |
| 2023 | +9.1% | +9.1% | ~100% | 1.8100% | Verified |
| 2022 | +18.5% | +18.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +43.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -22.3% | +4.7% | +17.8% | +18.5% | 2023 | -22.3% | 2026 |
| Assessment Ratio | 100.0% | 79.0% | — | 100.0% | 2025 | 62.0% | 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 |
$15,537 | $13,213 | ~$19,809 | $15,537 | 2025 | $11,504 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$845,528 | ~$835,120 | ~2.0139% | ~$16,819 | +11.4% |
| 2027 | ~$941,672 | ~$918,632 | ~1.9814% | ~$18,202 | +24.0% |
| 2028 | ~$1,048,748 | ~$1,010,495 | ~1.9488% | ~$19,693 | +38.1% |
| 2029 | ~$1,168,000 | ~$1,111,545 | ~1.9163% | ~$21,300 | +53.8% |
| 2030 | ~$1,300,812 | ~$1,222,699 | ~1.8837% | ~$23,033 | +71.3% |
| 2026 | ~$830,344 | ~$830,344 | ~2.0465% | ~$16,993 | +9.4% |
| 2027 | ~$908,154 | ~$908,154 | ~2.0465% | ~$18,585 | +19.6% |
| 2028 | ~$993,256 | ~$993,256 | ~2.0465% | ~$20,327 | +30.8% |
| 2029 | ~$1,086,333 | ~$1,086,333 | ~2.0465% | ~$22,232 | +43.1% |
| 2030 | ~$1,188,132 | ~$1,188,132 | ~2.0465% | ~$24,315 | +56.5% |
| 2026 | ~$860,712 | ~$835,120 | ~1.9977% | ~$16,683 | +13.4% |
| 2027 | ~$975,796 | ~$918,632 | ~1.9488% | ~$17,903 | +28.5% |
| 2028 | ~$1,106,269 | ~$1,010,495 | ~1.9000% | ~$19,200 | +45.7% |
| 2029 | ~$1,254,187 | ~$1,111,545 | ~1.8512% | ~$20,577 | +65.2% |
| 2030 | ~$1,421,883 | ~$1,222,699 | ~1.8024% | ~$22,038 | +87.3% |
In 2025, this property's market value of $759,200 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +46% 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 | $759,200 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $683,280 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $626,340 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $528,513 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $493,480 | $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.