603 DELMAR AVE TX 78752
| Owner | LIN JU-CHUAN |
|---|---|
| Parcel ID | 0231140508 |
| Short ID | 232616 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,050 SF |
| Land SF | 9,043 SF |
| Acres | 0.208 |
| Year Built | 1984 |
| Legal | LOT 4 BLK 5 ST JOHNS HOME ADDN |
| Neighborhood | Y7005 |
| Land | $288,515 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $288,515 |
| Improvement | $39,338 |
|---|---|
| Total Improvement | $39,338 |
| Market | $327,853 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $327,853 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $327,853 |
| Taxable Value | $327,853 |
|---|
Appreciation: Market value has risen +8.1% from $303,171 (2021) to $327,853 (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 (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 $6,709. 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 88% of market value ($288,515 land vs $39,338 improvements), about $32/SF of land. With value concentrated in the land under a ~42-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 $327,853, 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 $361,550 by 2030, with an estimated annual tax burden around $6,811. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,050 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,050 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 209 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 90 SF | ✗ |
| 251 | 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% | $3,033.30 | $3,033.30 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,718.01 | $1,718.01 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,232.22 | $1,232.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $386.94 | $386.94 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $339.00 | $339.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,709.47 | $6,709.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $236,497 | $327,853 | -27.9% |
| Assessed Value | $236,497 | $327,853 | -27.9% |
| Land Value | $192,343 | $288,515 | -33.3% |
| Improvement Value | $44,154 | $39,338 | +12.2% |
| Taxable Value | $236,497 | $327,853 | -27.9% |
| Total Tax 2026 = estimate |
~$4,840
Estimated
|
~$6,709
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $272,493 | $236,497 | -35,996 (-13.2%) |
| Taxable Value | $272,493 | $236,497 | -35,996 (-13.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $236,497 | $192,343 | $44,154 | — | $236,497 | $236,497 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $327,853 | $288,515 | $39,338 | — | $327,853 | $327,853 | ~$6,709 | Partial |
| 2024 | $467,754 | — | — | −$191,754 | $276,000 | $— | $7,432 | Verified |
| 2023 | $493,608 | — | — | −$217,608 | $276,000 | $— | $8,463 | Verified |
| 2022 | $335,000 | — | — | −$59,000 | $276,000 | $— | $9,748 | Verified |
| 2021 | $303,171 | — | — | −$119,171 | $184,000 | $— | $7,292 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -16.9% | -16.9% | ~100% | Not available | Partial |
| 2025 | -12.6% | -12.6% | ~100% | Not available | Partial |
| 2024 | -19.8% | -19.8% | ~100% | 1.9800% | Verified |
| 2023 | -5.2% | -5.2% | ~100% | 1.8100% | Verified |
| 2022 | +47.3% | +47.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.4100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -2.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -27.9% | -1.0% | +9.9% | +47.3% | 2023 | -29.9% | 2025 |
| Assessment Ratio | 100.0% | 76.3% | — | 100.0% | 2025 | 55.9% | 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 |
$6,709 | $7,929 | ~$6,774 | $9,748 | 2022 | $6,709 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$334,331 | ~$334,331 | ~2.0139% | ~$6,733 | +2.0% |
| 2027 | ~$340,938 | ~$340,938 | ~1.9814% | ~$6,755 | +4.0% |
| 2028 | ~$347,674 | ~$347,674 | ~1.9488% | ~$6,776 | +6.0% |
| 2029 | ~$354,544 | ~$354,544 | ~1.9163% | ~$6,794 | +8.1% |
| 2030 | ~$361,550 | ~$361,550 | ~1.8837% | ~$6,811 | +10.3% |
| 2026 | ~$327,774 | ~$327,774 | ~2.0465% | ~$6,708 | -0.0% |
| 2027 | ~$327,696 | ~$327,696 | ~2.0465% | ~$6,706 | -0.0% |
| 2028 | ~$327,617 | ~$327,617 | ~2.0465% | ~$6,705 | -0.1% |
| 2029 | ~$327,538 | ~$327,538 | ~2.0465% | ~$6,703 | -0.1% |
| 2030 | ~$327,459 | ~$327,459 | ~2.0465% | ~$6,701 | -0.1% |
| 2026 | ~$340,888 | ~$340,888 | ~1.9977% | ~$6,810 | +4.0% |
| 2027 | ~$354,442 | ~$354,442 | ~1.9488% | ~$6,908 | +8.1% |
| 2028 | ~$368,535 | ~$368,535 | ~1.9000% | ~$7,002 | +12.4% |
| 2029 | ~$383,187 | ~$383,187 | ~1.8512% | ~$7,094 | +16.9% |
| 2030 | ~$398,423 | ~$398,423 | ~1.8024% | ~$7,181 | +21.5% |
In 2025, this property's market value of $327,853 places it in the bottom 25% for Multi-Family properties in Travis County (12584 comparable) — -37% 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 | $327,853 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $467,754 | $467,458 | $564,615 | $848,565 | ↓ Below median | -6.3% |
| 2023 | $493,608 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $335,000 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $303,171 | $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.