401 W CROSLIN ST TX 78752
| Owner | SCHMIDT MARTHA JANE |
|---|---|
| Parcel ID | 0232120515 |
| Short ID | 233950 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,320 SF |
| Land SF | 7,326 SF |
| Acres | 0.168 |
| Year Built | 1953 |
| Legal | LOT 15 BLK 14 SILVERTON HEIGHTS SEC 2 |
| Neighborhood | Y7005 |
| Land | $319,893 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $319,893 |
| Improvement | $10,207 |
|---|---|
| Total Improvement | $10,207 |
| Market | $330,100 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $330,100 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $330,100 |
| Taxable Value | $330,100 |
|---|
Appreciation: Market value has risen +14.3% from $288,800 (2021) to $330,100 (2025), a CAGR of 3.4% 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 $6,755. 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 ($319,893 land vs $10,207 improvements), about $44/SF of land. With value concentrated in the land under a ~73-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 $330,100, 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 +3.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $390,127 by 2030, with an estimated annual tax burden around $7,349. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,320 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,320 SF | ✗ |
| 061 | CARPORT ATT 1ST | 652 SF | ✗ |
| 581 | STORAGE ATT | 168 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 40 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% | $3,054.09 | $3,054.09 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,729.78 | $1,729.78 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,240.66 | $1,240.66 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $389.59 | $389.59 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $341.32 | $341.32 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $6,755.44 | $6,755.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $257,419 | $330,100 | -22.0% |
| Assessed Value | $257,419 | $330,100 | -22.0% |
| Land Value | $213,262 | $319,893 | -33.3% |
| Improvement Value | $44,157 | $10,207 | +332.6% |
| Taxable Value | $257,419 | $330,100 | -22.0% |
| Total Tax 2026 = estimate |
~$5,268
Estimated
|
~$6,755
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $257,419 | $257,419 | +0 (+0.0%) |
| Taxable Value | $257,419 | $257,419 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $257,419 | $213,262 | $44,157 | — | $257,419 | $257,419 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $330,100 | $319,893 | $10,207 | — | $330,100 | $330,100 | ~$6,755 | Partial |
| 2024 | $426,934 | — | — | −$126,934 | $300,000 | $— | $7,672 | Verified |
| 2023 | $433,000 | — | — | −$133,000 | $300,000 | $— | $7,724 | Verified |
| 2022 | $294,247 | — | — | — | $300,000 ! | $— | $8,551 | Verified |
| 2021 | $288,800 | — | — | −$88,800 | $200,000 | $— | $6,405 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -22.0% | -22.0% | ~100% | Not available | Partial |
| 2025 | -14.7% | -14.7% | ~100% | Not available | Partial |
| 2024 | -14.8% | -14.8% | ~100% | 1.9800% | Verified |
| 2023 | +0.3% | +0.3% | ~100% | 1.7000% | Verified |
| 2022 | +53.9% | +53.9% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -22.0% | +0.6% | +9.2% | +47.2% | 2023 | -22.7% | 2025 |
| Assessment Ratio | 100.0% | 85.1% | — | 102.0% | 2022 | 69.3% | 2021 |
| 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 |
$6,755 | $7,422 | ~$7,111 | $8,551 | 2022 | $6,405 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$341,317 | ~$341,317 | ~2.0139% | ~$6,874 | +3.4% |
| 2027 | ~$352,915 | ~$352,915 | ~1.9814% | ~$6,993 | +6.9% |
| 2028 | ~$364,907 | ~$364,907 | ~1.9488% | ~$7,111 | +10.5% |
| 2029 | ~$377,306 | ~$377,306 | ~1.9163% | ~$7,230 | +14.3% |
| 2030 | ~$390,127 | ~$390,127 | ~1.8837% | ~$7,349 | +18.2% |
| 2026 | ~$334,715 | ~$334,715 | ~2.0465% | ~$6,850 | +1.4% |
| 2027 | ~$339,394 | ~$339,394 | ~2.0465% | ~$6,946 | +2.8% |
| 2028 | ~$344,139 | ~$344,139 | ~2.0465% | ~$7,043 | +4.3% |
| 2029 | ~$348,950 | ~$348,950 | ~2.0465% | ~$7,141 | +5.7% |
| 2030 | ~$353,828 | ~$353,828 | ~2.0465% | ~$7,241 | +7.2% |
| 2026 | ~$347,919 | ~$347,919 | ~1.9977% | ~$6,950 | +5.4% |
| 2027 | ~$366,699 | ~$366,699 | ~1.9488% | ~$7,146 | +11.1% |
| 2028 | ~$386,494 | ~$386,494 | ~1.9000% | ~$7,343 | +17.1% |
| 2029 | ~$407,357 | ~$407,357 | ~1.8512% | ~$7,541 | +23.4% |
| 2030 | ~$429,346 | ~$429,346 | ~1.8024% | ~$7,738 | +30.1% |
In 2025, this property's market value of $330,100 places it in the bottom 25% for Multi-Family properties in Travis County (12584 comparable) — -36% 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 | $330,100 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $426,934 | $467,458 | $564,615 | $848,565 | ↓ Bottom 25% | -6.3% |
| 2023 | $433,000 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $294,247 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $288,800 | $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.