504 FARLEY DR TX 78753
| Owner | IGBO PEOPLES CONGRESS INC |
|---|---|
| Parcel ID | 0246230507 |
| Short ID | 253449 |
| Type | Real |
| Use Code | 59 Office / Retail (SFR Conv.) |
| Valuation | Income |
| Improvement SF | 2,408 SF |
| Land SF | 20,735 SF |
| Acres | 0.476 |
| Year Built | 1950 |
| Legal | ABS 29 SUR 58 APPLEGATE J ACR .476 AKA LOT 14 BLK B LUDWIG EDDIE (UNRECORDED) |
| Neighborhood | 59NEA |
| Land | $414,700 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $414,700 |
| Improvement | $66,320 |
|---|---|
| Total Improvement | $66,320 |
| Market | $481,020 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $481,020 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $481,020 |
| Taxable Value | $481,020 |
|---|
Appreciation: Market value has risen +104.5% from $235,250 (2021) to $481,020 (2025), a CAGR of 19.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial 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 $9,844. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 86% of market value ($414,700 land vs $66,320 improvements), about $20/SF of land. With value concentrated in the land under a ~76-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 $481,020, this parcel sits in the bottom quartile (<25th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial 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 +19.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,176,129 by 2030, with an estimated annual tax burden around $14,593. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,408 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,008 SF | ✗ |
| 591 | MASONRY TRIM SF | 500 SF | ✗ |
| 571C | STORAGE DET COMM | 480 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 55 SF | ✗ |
| 039 | GARAGE DET FV | 1 SF | ✓ |
| 251 | BATHROOM | 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% | $3,747.06 | $3,747.06 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,122.27 | $2,122.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,522.17 | $1,522.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $477.99 | $477.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $418.77 | $418.77 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $8,288.26 | $8,288.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $472,090 | $481,020 | -1.9% |
| Assessed Value | $472,090 | $481,020 | -1.9% |
| Land Value | $414,700 | $414,700 | +0.0% |
| Improvement Value | $57,390 | $66,320 | -13.5% |
| Taxable Value | $472,090 | $481,020 | -1.9% |
| Total Tax 2026 = estimate |
~$9,661
Estimated
|
~$8,288
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $472,090 | $472,090 | +0 (+0.0%) |
| Taxable Value | $472,090 | $472,090 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $472,090 | $414,700 | $57,390 | — | $472,090 | $472,090 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $481,020 | $414,700 | $66,320 | — | $481,020 | $481,020 | ~$8,288 | Partial |
| 2024 | $497,649 | — | — | −$82,949 | $414,700 | $— | $9,716 | Verified |
| 2023 | $301,248 | — | — | — | $414,700 ! | $— | $9,004 | Verified |
| 2022 | $237,050 | — | — | −$29,700 | $207,350 | $— | $5,949 | Verified |
| 2021 | $235,250 | — | — | −$27,900 | $207,350 | $— | $5,160 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2025 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2024 | -1.5% | -1.5% | ~100% | 1.9800% | Verified |
| 2023 | +65.2% | +65.2% | ~100% | 1.8100% | Verified |
| 2022 | +27.1% | +27.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +102.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.9% | +17.6% | +20.0% | +65.2% | 2024 | -3.3% | 2025 |
| Assessment Ratio | 100.0% | 99.4% | — | 137.7% | 2023 | 83.3% | 2024 |
| Effective Tax Rate (2025) | 1.7200% | 1.7200% | — | 1.7200% | 2025 | 1.7200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$8,288 | $7,623 | ~$12,551 | $9,716 | 2024 | $5,160 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$575,203 | ~$529,122 | ~2.0139% | ~$10,656 | +19.6% |
| 2027 | ~$687,828 | ~$582,034 | ~1.9814% | ~$11,532 | +43.0% |
| 2028 | ~$822,504 | ~$640,238 | ~1.9488% | ~$12,477 | +71.0% |
| 2029 | ~$983,550 | ~$704,261 | ~1.9163% | ~$13,496 | +104.5% |
| 2030 | ~$1,176,129 | ~$774,688 | ~1.8837% | ~$14,593 | +144.5% |
| 2026 | ~$565,583 | ~$529,122 | ~2.0465% | ~$10,828 | +17.6% |
| 2027 | ~$665,012 | ~$582,034 | ~2.0465% | ~$11,911 | +38.3% |
| 2028 | ~$781,921 | ~$640,238 | ~2.0465% | ~$13,102 | +62.6% |
| 2029 | ~$919,383 | ~$704,261 | ~2.0465% | ~$14,413 | +91.1% |
| 2030 | ~$1,081,010 | ~$774,688 | ~2.0465% | ~$15,854 | +124.7% |
| 2026 | ~$584,824 | ~$529,122 | ~1.9977% | ~$10,570 | +21.6% |
| 2027 | ~$711,029 | ~$582,034 | ~1.9488% | ~$11,343 | +47.8% |
| 2028 | ~$864,468 | ~$640,238 | ~1.9000% | ~$12,165 | +79.7% |
| 2029 | ~$1,051,020 | ~$704,261 | ~1.8512% | ~$13,037 | +118.5% |
| 2030 | ~$1,277,830 | ~$774,688 | ~1.8024% | ~$13,963 | +165.7% |
In 2025, this property's market value of $481,020 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -66% below the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial 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 | $481,020 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $497,649 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $301,248 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $237,050 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $235,250 | $517,750 | $1,142,600 | $2,780,453 | ↓ 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.