1504 OAK HEIGHTS DR AUSTIN, TX 78741
| Owner | PEEL THOMAS L & POLLY R |
|---|---|
| Parcel ID | 0303051105 |
| Short ID | 285011 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,716 SF |
| Land SF | 11,366 SF |
| Acres | 0.261 |
| Year Built | 2004 |
| Legal | LOT 4 BLK E ELMHURST OAKS |
| Neighborhood | F0095 |
| Land | $327,621 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $327,621 |
| Improvement | $837,010 |
|---|---|
| Total Improvement | $837,010 |
| Market | $1,164,631 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,164,631 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,164,631 |
| Taxable Value | $1,164,631 |
|---|
Appreciation: Market value has risen +21.9% from $955,100 (2021) to $1,164,631 (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 $23,834. 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 28% of market value ($327,621 land vs $837,010 improvements), about $29/SF of land. Most value sits in the improvements, so building condition, age (~22 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,164,631, 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 $1,492,323 by 2030, with an estimated annual tax burden around $28,112. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,716 SF | ✗ |
| 2ND | 2nd Floor | 2,289 SF | ✓ |
| 1ST | 1st Floor | 2,097 SF | ✓ |
| UBSMT | Unfinished Basement | 1,617 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 342 SF | ✗ |
| RSBLW | Residence Below | 330 SF | ✓ |
| 251 | BATHROOM | 6 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% | $10,775.17 | $10,775.17 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,102.86 | $6,102.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,377.21 | $4,377.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,374.53 | $1,374.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,204.23 | $1,204.23 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $23,834.00 | $23,834.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,172,218 | $1,164,631 | +0.7% |
| Assessed Value | $1,172,218 | $1,164,631 | +0.7% |
| Land Value | $327,621 | $327,621 | +0.0% |
| Improvement Value | $844,597 | $837,010 | +0.9% |
| Taxable Value | $1,172,218 | $1,164,631 | +0.7% |
| Total Tax 2026 = estimate |
~$23,989
Estimated
|
~$23,834
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,233,914 | $1,172,218 | -61,696 (-5.0%) |
| Taxable Value | $1,233,914 | $1,172,218 | -61,696 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,172,218 | $327,621 | $844,597 | — | $1,172,218 | $1,172,218 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,164,631 | $327,621 | $837,010 | — | $1,164,631 | $1,164,631 | ~$23,834 | Partial |
| 2024 | $947,443 | — | — | −$527,443 | $420,000 | $— | $22,532 | Verified |
| 2023 | $1,584,139 | — | — | −$1,111,639 | $472,500 | $— | $17,142 | Verified |
| 2022 | $1,003,600 | — | — | −$741,100 | $262,500 | $— | $31,286 | Verified |
| 2021 | $955,100 | — | — | −$692,600 | $262,500 | $— | $21,845 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +5.9% | +5.9% | ~100% | Not available | Partial |
| 2025 | +0.0% | +2.4% | ~100% | Not available | Partial |
| 2024 | +22.9% | +20.0% | 97.6% | 1.9300% | Verified |
| 2023 | -40.2% | -40.2% | ~100% | 1.8100% | Verified |
| 2022 | +57.8% | +57.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.7% | +9.3% | +4.9% | +57.8% | 2023 | -40.2% | 2024 |
| Assessment Ratio | 100.0% | 54.6% | — | 100.0% | 2025 | 26.2% | 2022 |
| 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 |
$23,834 | $23,328 | ~$26,358 | $31,286 | 2022 | $17,142 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,223,836 | ~$1,223,836 | ~2.0139% | ~$24,647 | +5.1% |
| 2027 | ~$1,286,051 | ~$1,286,051 | ~1.9814% | ~$25,482 | +10.4% |
| 2028 | ~$1,351,428 | ~$1,351,428 | ~1.9488% | ~$26,337 | +16.0% |
| 2029 | ~$1,420,129 | ~$1,420,129 | ~1.9163% | ~$27,214 | +21.9% |
| 2030 | ~$1,492,323 | ~$1,492,323 | ~1.8837% | ~$28,112 | +28.1% |
| 2026 | ~$1,200,543 | ~$1,200,543 | ~2.0465% | ~$24,569 | +3.1% |
| 2027 | ~$1,237,563 | ~$1,237,563 | ~2.0465% | ~$25,327 | +6.3% |
| 2028 | ~$1,275,724 | ~$1,275,724 | ~2.0465% | ~$26,108 | +9.5% |
| 2029 | ~$1,315,062 | ~$1,315,062 | ~2.0465% | ~$26,913 | +12.9% |
| 2030 | ~$1,355,614 | ~$1,355,614 | ~2.0465% | ~$27,742 | +16.4% |
| 2026 | ~$1,247,129 | ~$1,247,129 | ~1.9977% | ~$24,913 | +7.1% |
| 2027 | ~$1,335,470 | ~$1,335,470 | ~1.9488% | ~$26,026 | +14.7% |
| 2028 | ~$1,430,069 | ~$1,430,069 | ~1.9000% | ~$27,172 | +22.8% |
| 2029 | ~$1,531,369 | ~$1,531,369 | ~1.8512% | ~$28,349 | +31.5% |
| 2030 | ~$1,639,845 | ~$1,639,845 | ~1.8024% | ~$29,556 | +40.8% |
In 2025, this property's market value of $1,164,631 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +124% 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 | $1,164,631 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $947,443 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,584,139 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,003,600 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $955,100 | $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.