8507 KROMER ST TX 78757
| Owner | HUANG SHUCHUN & SEAN RHINEHART |
|---|---|
| Parcel ID | 0239100312 |
| Short ID | 242624 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 11,293 SF |
| Land SF | 18,731 SF |
| Acres | 0.430 |
| Year Built | 1969 |
| Legal | LOT 2 WOOTEN ANNEX |
| Neighborhood | 05NC1 |
| Land | $468,275 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $468,275 |
| Improvement | $1,531,725 |
|---|---|
| Total Improvement | $1,531,725 |
| Market | $2,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,000,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$128,000 |
| Net Appraised (assessed) | $1,872,000 |
| Taxable Value | $1,872,000 |
|---|
Appreciation: Market value has risen +36.2% from $1,468,090 (2021) to $2,000,000 (2025), a CAGR of 8.0% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $38,310. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,872,000) is $128,000 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Multi-family residential. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 23% of market value ($468,275 land vs $1,531,725 improvements), about $25/SF of land. Most value sits in the improvements, so building condition, age (~57 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,000,000, this parcel sits in the top quartile (≥75th 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 +8.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,943,585 by 2030, with an estimated annual tax burden around $55,450. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 25,261 SF | ✗ |
| 551 | PAVED AREA | 6,500 SF | ✗ |
| 2ND | 2nd Floor | 6,147 SF | ✓ |
| 1ST | 1st Floor | 5,146 SF | ✓ |
| 611 | TERRACE | 1,248 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 866 SF | ✗ |
| 581C | STORAGE ATT COMM | 406 SF | ✓ |
| 541 | FENCE COMM LF | 300 SF | ✗ |
| 511 | DECK | 156 SF | ✗ |
| MISC | Miscellaneous | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 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% | $15,820.92 | $15,820.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,960.69 | $8,960.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,426.95 | $6,426.95 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,018.19 | $2,018.19 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,768.14 | $1,768.14 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $34,994.89 | $34,994.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,145,670 | $2,000,000 | +7.3% |
| Assessed Value | $2,052,000 | $1,872,000 | +9.6% |
| Land Value | $468,275 | $468,275 | +0.0% |
| Improvement Value | $1,677,395 | $1,531,725 | +9.5% |
| Taxable Value | $2,052,000 | $1,872,000 | +9.6% |
| HS Cap Loss | -$93,670 | — | |
| Total Tax 2026 = estimate |
~$41,994
Estimated
|
~$34,995
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,145,670 | $2,145,670 | +0 (+0.0%) |
| Taxable Value | $2,052,000 | $2,052,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,145,670 | $468,275 | $1,677,395 | −$93,670 | $2,052,000 | $2,052,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,000,000 | $468,275 | $1,531,725 | −$128,000 | $1,872,000 | $1,872,000 | ~$34,995 | Partial |
| 2024 | $1,806,880 | — | — | −$1,338,605 | $468,275 | $— | $31,395 | Verified |
| 2023 | $1,673,526 | — | — | −$1,205,251 | $468,275 | $— | $32,691 | Verified |
| 2022 | $1,572,312 | — | — | −$1,104,037 | $468,275 | $— | $33,051 | Verified |
| 2021 | $1,468,090 | — | — | −$999,815 | $468,275 | $— | $34,224 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.3% | +9.6% | 95.6% | Not available | Partial |
| 2025 | -1.6% | -7.9% | 93.6% | Not available | Partial |
| 2024 | +12.5% | +12.5% | ~100% | 1.5400% | Verified |
| 2023 | +8.0% | +8.0% | ~100% | 1.8100% | Verified |
| 2022 | +6.4% | +6.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +7.3% | +7.9% | +6.6% | +10.7% | 2025 | +6.4% | 2023 |
| Assessment Ratio | 95.6% | 50.8% | — | 95.6% | 2026 | 25.9% | 2024 |
| Effective Tax Rate (2025) | 1.7500% | 1.7500% | — | 1.7500% | 2025 | 1.7500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$34,995 | $33,271 | ~$48,514 | $34,995 | 2025 | $31,395 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,160,724 | ~$2,059,200 | ~2.0139% | ~$41,471 | +8.0% |
| 2027 | ~$2,334,364 | ~$2,265,120 | ~1.9814% | ~$44,881 | +16.7% |
| 2028 | ~$2,521,959 | ~$2,491,632 | ~1.9488% | ~$48,558 | +26.1% |
| 2029 | ~$2,724,629 | ~$2,724,629 | ~1.9163% | ~$52,212 | +36.2% |
| 2030 | ~$2,943,585 | ~$2,943,585 | ~1.8837% | ~$55,450 | +47.2% |
| 2026 | ~$2,120,724 | ~$2,059,200 | ~2.0465% | ~$42,141 | +6.0% |
| 2027 | ~$2,248,735 | ~$2,248,735 | ~2.0465% | ~$46,020 | +12.4% |
| 2028 | ~$2,384,474 | ~$2,384,474 | ~2.0465% | ~$48,798 | +19.2% |
| 2029 | ~$2,528,406 | ~$2,528,406 | ~2.0465% | ~$51,743 | +26.4% |
| 2030 | ~$2,681,025 | ~$2,681,025 | ~2.0465% | ~$54,867 | +34.1% |
| 2026 | ~$2,200,724 | ~$2,059,200 | ~1.9977% | ~$41,136 | +10.0% |
| 2027 | ~$2,421,593 | ~$2,265,120 | ~1.9488% | ~$44,144 | +21.1% |
| 2028 | ~$2,664,630 | ~$2,491,632 | ~1.9000% | ~$47,341 | +33.2% |
| 2029 | ~$2,932,057 | ~$2,740,795 | ~1.8512% | ~$50,737 | +46.6% |
| 2030 | ~$3,226,325 | ~$3,014,875 | ~1.8024% | ~$54,339 | +61.3% |
In 2025, this property's market value of $2,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× 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 | $2,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,806,880 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,673,526 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,572,312 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,468,090 | $300,453 | $376,850 | $539,896 | ↑ Top 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.