402 W CROSLIN ST TX 78752
| Owner | SCHMIDT MARTHA JANE |
|---|---|
| Parcel ID | 0232120414 |
| Short ID | 233922 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 960 SF |
| Land SF | 7,281 SF |
| Acres | 0.167 |
| Year Built | 1946 |
| Legal | LOT 14 BLK 16 SILVERTON HEIGHTS SEC 2 |
| Neighborhood | Y7005 |
| Land | $319,219 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $319,219 |
| Improvement | $9,763 |
|---|---|
| Total Improvement | $9,763 |
| Market | $328,982 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $328,982 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $328,982 |
| Taxable Value | $328,982 |
|---|
Appreciation: Market value has risen +25.9% from $261,400 (2021) to $328,982 (2025), a CAGR of 5.9% 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 $6,733. 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 97% of market value ($319,219 land vs $9,763 improvements), about $44/SF of land. With value concentrated in the land under a ~80-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 $328,982, 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 +5.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $438,536 by 2030, with an estimated annual tax burden around $8,261. 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 | 960 SF | ✓ |
| 061 | CARPORT ATT 1ST | 400 SF | ✗ |
| 581 | STORAGE ATT | 128 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 12 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% | $3,043.74 | $3,043.74 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,723.92 | $1,723.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,236.46 | $1,236.46 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $388.27 | $388.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $340.17 | $340.17 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,732.56 | $6,732.56 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $240,905 | $328,982 | -26.8% |
| Assessed Value | $240,905 | $328,982 | -26.8% |
| Land Value | $212,813 | $319,219 | -33.3% |
| Improvement Value | $28,092 | $9,763 | +187.7% |
| Taxable Value | $240,905 | $328,982 | -26.8% |
| Total Tax 2026 = estimate |
~$4,930
Estimated
|
~$6,733
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $240,905 | $240,905 | +0 (+0.0%) |
| Taxable Value | $240,905 | $240,905 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $240,905 | $212,813 | $28,092 | — | $240,905 | $240,905 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $328,982 | $319,219 | $9,763 | — | $328,982 | $328,982 | ~$6,733 | Partial |
| 2024 | $379,697 | — | — | −$79,697 | $300,000 | $— | $7,042 | Verified |
| 2023 | $411,007 | — | — | −$111,007 | $300,000 | $— | $6,870 | Verified |
| 2022 | $276,358 | — | — | — | $300,000 ! | $— | $8,117 | Verified |
| 2021 | $261,400 | — | — | −$61,400 | $200,000 | $— | $6,015 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -26.8% | -26.8% | ~100% | Not available | Partial |
| 2025 | -7.4% | -7.4% | ~100% | Not available | Partial |
| 2024 | -12.0% | -12.0% | ~100% | 1.9800% | Verified |
| 2023 | -1.7% | -1.7% | ~100% | 1.7000% | Verified |
| 2022 | +48.7% | +48.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +19.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -26.8% | +1.3% | +13.7% | +48.7% | 2023 | -26.8% | 2026 |
| Assessment Ratio | 100.0% | 89.5% | — | 108.6% | 2022 | 73.0% | 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 |
$6,733 | $6,955 | ~$7,629 | $8,117 | 2022 | $6,015 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$348,449 | ~$348,449 | ~2.0139% | ~$7,018 | +5.9% |
| 2027 | ~$369,067 | ~$369,067 | ~1.9814% | ~$7,313 | +12.2% |
| 2028 | ~$390,906 | ~$390,906 | ~1.9488% | ~$7,618 | +18.8% |
| 2029 | ~$414,037 | ~$414,037 | ~1.9163% | ~$7,934 | +25.9% |
| 2030 | ~$438,536 | ~$438,536 | ~1.8837% | ~$8,261 | +33.3% |
| 2026 | ~$341,869 | ~$341,869 | ~2.0465% | ~$6,996 | +3.9% |
| 2027 | ~$355,261 | ~$355,261 | ~2.0465% | ~$7,270 | +8.0% |
| 2028 | ~$369,177 | ~$369,177 | ~2.0465% | ~$7,555 | +12.2% |
| 2029 | ~$383,639 | ~$383,639 | ~2.0465% | ~$7,851 | +16.6% |
| 2030 | ~$398,667 | ~$398,667 | ~2.0465% | ~$8,159 | +21.2% |
| 2026 | ~$355,028 | ~$355,028 | ~1.9977% | ~$7,092 | +7.9% |
| 2027 | ~$383,137 | ~$383,137 | ~1.9488% | ~$7,467 | +16.5% |
| 2028 | ~$413,471 | ~$413,471 | ~1.9000% | ~$7,856 | +25.7% |
| 2029 | ~$446,206 | ~$446,206 | ~1.8512% | ~$8,260 | +35.6% |
| 2030 | ~$481,533 | ~$481,533 | ~1.8024% | ~$8,679 | +46.4% |
In 2025, this property's market value of $328,982 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 | $328,982 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $379,697 | $467,458 | $564,615 | $848,565 | ↓ Bottom 25% | -6.3% |
| 2023 | $411,007 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $276,358 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $261,400 | $300,453 | $376,850 | $539,896 | ↓ Bottom 25% | 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.