506 DELMAR AVE TX 78752
| Owner | TNG OHANA LLC |
|---|---|
| Parcel ID | 0231140208 |
| Short ID | 232576 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,616 SF |
| Land SF | 7,548 SF |
| Acres | 0.173 |
| Year Built | 2005 |
| Legal | LOT 8 BLK 6 ST JOHNS HOME ADDN |
| Neighborhood | Y7005 |
| Land | $258,574 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $258,574 |
| Improvement | $83,247 |
|---|---|
| Total Improvement | $83,247 |
| Market | $341,821 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $341,821 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $341,821 |
| Taxable Value | $341,821 |
|---|
Appreciation: Market value has fallen -7.6% from $370,000 (2021) to $341,821 (2025), a CAGR of -2.0% 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 $6,995. 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 76% of market value ($258,574 land vs $83,247 improvements), about $34/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $341,821, 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 -2.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $309,596 by 2030, with an estimated annual tax burden around $5,832. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,616 SF | ✗ |
| 2ND | 2nd Floor | 1,608 SF | ✓ |
| 1ST | 1st Floor | 1,008 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 576 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 250 SF | ✗ |
| 581 | STORAGE ATT | 100 SF | ✓ |
| 251 | BATHROOM | 6 SF | ✓ |
| 252 | BEDROOMS | 6 SF | ✓ |
| 250 | HALF BATHROOM | 2 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% | $3,162.53 | $3,162.53 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,791.20 | $1,791.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,284.72 | $1,284.72 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $403.43 | $403.43 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $353.44 | $353.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,995.32 | $6,995.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $256,974 | $341,821 | -24.8% |
| Assessed Value | $256,974 | $341,821 | -24.8% |
| Land Value | $172,383 | $258,574 | -33.3% |
| Improvement Value | $84,591 | $83,247 | +1.6% |
| Taxable Value | $256,974 | $341,821 | -24.8% |
| Total Tax 2026 = estimate |
~$5,259
Estimated
|
~$6,995
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $298,183 | $256,974 | -41,209 (-13.8%) |
| Taxable Value | $298,183 | $256,974 | -41,209 (-13.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $256,974 | $172,383 | $84,591 | — | $256,974 | $256,974 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $341,821 | $258,574 | $83,247 | — | $341,821 | $341,821 | ~$6,995 | Partial |
| 2024 | $580,870 | — | — | −$340,870 | $240,000 | $— | $8,819 | Verified |
| 2023 | $623,828 | — | — | −$383,828 | $240,000 | $— | $10,509 | Verified |
| 2022 | $437,000 | — | — | −$197,000 | $240,000 | $— | $12,320 | Verified |
| 2021 | $370,000 | — | — | −$210,000 | $160,000 | $— | $9,512 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.8% | -12.8% | ~100% | Not available | Partial |
| 2025 | -23.2% | -23.2% | ~100% | Not available | Partial |
| 2024 | -23.4% | -23.4% | ~100% | 1.9800% | Verified |
| 2023 | -6.9% | -6.9% | ~100% | 1.8100% | Verified |
| 2022 | +42.8% | +42.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -21.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -24.8% | -2.4% | +4.5% | +42.8% | 2023 | -41.2% | 2025 |
| Assessment Ratio | 100.0% | 63.0% | — | 100.0% | 2025 | 38.5% | 2023 |
| 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 |
$6,995 | $9,631 | ~$6,284 | $12,320 | 2022 | $6,995 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$335,118 | ~$335,118 | ~2.0139% | ~$6,749 | -2.0% |
| 2027 | ~$328,547 | ~$328,547 | ~1.9814% | ~$6,510 | -3.9% |
| 2028 | ~$322,104 | ~$322,104 | ~1.9488% | ~$6,277 | -5.8% |
| 2029 | ~$315,788 | ~$315,788 | ~1.9163% | ~$6,051 | -7.6% |
| 2030 | ~$309,596 | ~$309,596 | ~1.8837% | ~$5,832 | -9.4% |
| 2026 | ~$328,282 | ~$328,282 | ~2.0465% | ~$6,718 | -4.0% |
| 2027 | ~$315,279 | ~$315,279 | ~2.0465% | ~$6,452 | -7.8% |
| 2028 | ~$302,791 | ~$302,791 | ~2.0465% | ~$6,197 | -11.4% |
| 2029 | ~$290,798 | ~$290,798 | ~2.0465% | ~$5,951 | -14.9% |
| 2030 | ~$279,279 | ~$279,279 | ~2.0465% | ~$5,715 | -18.3% |
| 2026 | ~$341,955 | ~$341,955 | ~1.9977% | ~$6,831 | +0.0% |
| 2027 | ~$342,088 | ~$342,088 | ~1.9488% | ~$6,667 | +0.1% |
| 2028 | ~$342,222 | ~$342,222 | ~1.9000% | ~$6,502 | +0.1% |
| 2029 | ~$342,356 | ~$342,356 | ~1.8512% | ~$6,338 | +0.2% |
| 2030 | ~$342,490 | ~$342,490 | ~1.8024% | ~$6,173 | +0.2% |
In 2025, this property's market value of $341,821 places it in the bottom 25% for Multi-Family properties in Travis County (12584 comparable) — -34% 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 | $341,821 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $580,870 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $623,828 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $437,000 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $370,000 | $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.