508 DELMAR AVE TX 78752
| Owner | EQUITY TRUST COMPANY |
|---|---|
| Parcel ID | 0231140207 |
| Short ID | 232575 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 3,192 SF |
| Land SF | 7,669 SF |
| Acres | 0.176 |
| Year Built | 2006 |
| Legal | LOT 7 BLK 6 ST JOHNS HOME ADDN |
| Neighborhood | Y7005 |
| Land | $260,030 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $260,030 |
| Improvement | $115,130 |
|---|---|
| Total Improvement | $115,130 |
| Market | $375,160 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $375,160 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $375,160 |
| Taxable Value | $375,160 |
|---|
Appreciation: Market value has fallen -9.3% from $413,800 (2021) to $375,160 (2025), a CAGR of -2.4% 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 $7,678. 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 69% of market value ($260,030 land vs $115,130 improvements), about $34/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $375,160, 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 -2.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $331,894 by 2030, with an estimated annual tax burden around $6,252. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,192 SF | ✗ |
| 2ND | 2nd Floor | 1,608 SF | ✓ |
| 1ST | 1st Floor | 1,584 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 576 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 250 SF | ✗ |
| 581 | STORAGE ATT | 100 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% | $3,470.98 | $3,470.98 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,965.90 | $1,965.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,410.02 | $1,410.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $442.78 | $442.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $387.92 | $387.92 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $7,677.60 | $7,677.60 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $288,696 | $375,160 | -23.0% |
| Assessed Value | $288,696 | $375,160 | -23.0% |
| Land Value | $173,354 | $260,030 | -33.3% |
| Improvement Value | $115,342 | $115,130 | +0.2% |
| Taxable Value | $288,696 | $375,160 | -23.0% |
| Total Tax 2026 = estimate |
~$5,908
Estimated
|
~$7,678
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $326,727 | $288,696 | -38,031 (-11.6%) |
| Taxable Value | $326,727 | $288,696 | -38,031 (-11.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $288,696 | $173,354 | $115,342 | — | $288,696 | $288,696 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $375,160 | $260,030 | $115,130 | — | $375,160 | $375,160 | ~$7,678 | Partial |
| 2024 | $697,966 | — | — | −$457,966 | $240,000 | $— | $10,536 | Verified |
| 2023 | $672,264 | — | — | −$432,264 | $240,000 | $— | $12,628 | Verified |
| 2022 | $504,400 | — | — | −$264,400 | $240,000 | $— | $13,277 | Verified |
| 2021 | $413,800 | — | — | −$253,800 | $160,000 | $— | $10,979 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.9% | -12.9% | ~100% | Not available | Partial |
| 2025 | -29.4% | -29.4% | ~100% | Not available | Partial |
| 2024 | -23.8% | -23.8% | ~100% | 1.9800% | Verified |
| 2023 | +3.8% | +3.8% | ~100% | 1.8100% | Verified |
| 2022 | +30.6% | +30.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -27.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.0% | -2.0% | +3.4% | +33.3% | 2023 | -46.2% | 2025 |
| Assessment Ratio | 100.0% | 59.4% | — | 100.0% | 2025 | 34.4% | 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 |
$7,678 | $11,019 | ~$6,803 | $13,277 | 2022 | $7,678 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$366,078 | ~$366,078 | ~2.0139% | ~$7,373 | -2.4% |
| 2027 | ~$357,215 | ~$357,215 | ~1.9814% | ~$7,078 | -4.8% |
| 2028 | ~$348,567 | ~$348,567 | ~1.9488% | ~$6,793 | -7.1% |
| 2029 | ~$340,128 | ~$340,128 | ~1.9163% | ~$6,518 | -9.3% |
| 2030 | ~$331,894 | ~$331,894 | ~1.8837% | ~$6,252 | -11.5% |
| 2026 | ~$358,574 | ~$358,574 | ~2.0465% | ~$7,338 | -4.4% |
| 2027 | ~$342,722 | ~$342,722 | ~2.0465% | ~$7,014 | -8.6% |
| 2028 | ~$327,570 | ~$327,570 | ~2.0465% | ~$6,704 | -12.7% |
| 2029 | ~$313,088 | ~$313,088 | ~2.0465% | ~$6,407 | -16.5% |
| 2030 | ~$299,247 | ~$299,247 | ~2.0465% | ~$6,124 | -20.2% |
| 2026 | ~$373,581 | ~$373,581 | ~1.9977% | ~$7,463 | -0.4% |
| 2027 | ~$372,008 | ~$372,008 | ~1.9488% | ~$7,250 | -0.8% |
| 2028 | ~$370,442 | ~$370,442 | ~1.9000% | ~$7,038 | -1.3% |
| 2029 | ~$368,883 | ~$368,883 | ~1.8512% | ~$6,829 | -1.7% |
| 2030 | ~$367,330 | ~$367,330 | ~1.8024% | ~$6,621 | -2.1% |
In 2025, this property's market value of $375,160 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 | $375,160 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $697,966 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $672,264 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $504,400 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $413,800 | $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.