1905 FAIRLAWN LN TX 78704
| Owner | FORTIGO PROPERTIES LLC |
|---|---|
| Parcel ID | 0303020410 |
| Short ID | 284598 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,275 SF |
| Land SF | 9,212 SF |
| Acres | 0.211 |
| Year Built | 1975 |
| Legal | LOT 6 MARIPOSA TERRACE |
| Neighborhood | K4005 |
| Land | $624,089 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $624,089 |
| Improvement | $143,411 |
|---|---|
| Total Improvement | $143,411 |
| Market | $767,500 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $767,500 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $767,500 |
| Taxable Value | $767,500 |
|---|
Appreciation: Market value has risen +22.0% from $628,900 (2021) to $767,500 (2025), a CAGR of 5.1% 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 $15,707. 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 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 81% of market value ($624,089 land vs $143,411 improvements), about $68/SF of land. With value concentrated in the land under a ~51-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 $767,500, 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 +5.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $984,463 by 2030, with an estimated annual tax burden around $18,545. 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 | 2,275 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,275 SF | ✗ |
| 551 | PAVED AREA | 2,200 SF | ✗ |
| 612 | TERRACE UNCOVERD | 260 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 232 SF | ✗ |
| 581 | STORAGE ATT | 137 SF | ✓ |
| 251 | BATHROOM | 4 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% | $7,100.91 | $7,100.91 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,021.83 | $4,021.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,884.61 | $2,884.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $905.83 | $905.83 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $793.60 | $793.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,706.78 | $15,706.78 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $747,022 | $767,500 | -2.7% |
| Assessed Value | $747,022 | $767,500 | -2.7% |
| Land Value | $624,089 | $624,089 | +0.0% |
| Improvement Value | $122,933 | $143,411 | -14.3% |
| Taxable Value | $747,022 | $767,500 | -2.7% |
| Total Tax 2026 = estimate |
~$15,288
Estimated
|
~$15,707
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $747,022 | $747,022 | +0 (+0.0%) |
| Taxable Value | $747,022 | $747,022 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $747,022 | $624,089 | $122,933 | — | $747,022 | $747,022 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $767,500 | $624,089 | $143,411 | — | $767,500 | $767,500 | ~$15,707 | Partial |
| 2024 | $1,200,000 | — | — | −$400,000 | $800,000 | $— | $22,251 | Verified |
| 2023 | $1,031,113 | — | — | −$311,113 | $720,000 | $— | $21,711 | Verified |
| 2022 | $841,879 | — | — | −$121,879 | $720,000 | $— | $20,364 | Verified |
| 2021 | $628,900 | — | — | −$223,900 | $405,000 | $— | $18,325 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.7% | -2.7% | ~100% | Not available | Partial |
| 2025 | -31.6% | -31.6% | ~100% | Not available | Partial |
| 2024 | -28.8% | -28.8% | ~100% | 1.9800% | Verified |
| 2023 | +52.9% | +52.9% | ~100% | 1.3800% | Verified |
| 2022 | +22.5% | +22.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.9100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -8.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.7% | +6.8% | +5.7% | +33.9% | 2022 | -36.0% | 2025 |
| Assessment Ratio | 100.0% | 81.1% | — | 100.0% | 2025 | 64.4% | 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 |
$15,707 | $19,672 | ~$17,381 | $22,251 | 2024 | $15,707 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$806,682 | ~$806,682 | ~2.0139% | ~$16,246 | +5.1% |
| 2027 | ~$847,865 | ~$847,865 | ~1.9814% | ~$16,799 | +10.5% |
| 2028 | ~$891,150 | ~$891,150 | ~1.9488% | ~$17,367 | +16.1% |
| 2029 | ~$936,645 | ~$936,645 | ~1.9163% | ~$17,949 | +22.0% |
| 2030 | ~$984,463 | ~$984,463 | ~1.8837% | ~$18,545 | +28.3% |
| 2026 | ~$791,332 | ~$791,332 | ~2.0465% | ~$16,194 | +3.1% |
| 2027 | ~$815,905 | ~$815,905 | ~2.0465% | ~$16,697 | +6.3% |
| 2028 | ~$841,240 | ~$841,240 | ~2.0465% | ~$17,216 | +9.6% |
| 2029 | ~$867,362 | ~$867,362 | ~2.0465% | ~$17,750 | +13.0% |
| 2030 | ~$894,296 | ~$894,296 | ~2.0465% | ~$18,302 | +16.5% |
| 2026 | ~$822,032 | ~$822,032 | ~1.9977% | ~$16,421 | +7.1% |
| 2027 | ~$880,439 | ~$880,439 | ~1.9488% | ~$17,158 | +14.7% |
| 2028 | ~$942,996 | ~$942,996 | ~1.9000% | ~$17,917 | +22.9% |
| 2029 | ~$1,009,998 | ~$1,009,998 | ~1.8512% | ~$18,697 | +31.6% |
| 2030 | ~$1,081,761 | ~$1,081,761 | ~1.8024% | ~$19,497 | +40.9% |
In 2025, this property's market value of $767,500 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +48% above 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 | $767,500 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,200,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,031,113 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $841,879 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $628,900 | $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.