2520 ELMONT DR TX 78741
| Owner | ELMONT DRIVE LADY BIRD LLC |
|---|---|
| Parcel ID | 0303090106 |
| Short ID | 285039 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 46,514 SF |
| Land SF | 89,058 SF |
| Acres | 2.044 |
| Year Built | 1972 |
| Legal | LOT 1-2 S S & F SUBD NO 1 |
| Neighborhood | 08SE |
| Land | $5,343,505 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,343,505 |
| Improvement | $4,259,253 |
|---|---|
| Total Improvement | $4,259,253 |
| Market | $9,602,758 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $9,602,758 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $9,602,758 |
| Taxable Value | $9,602,758 |
|---|
Appreciation: Market value has fallen -30.5% from $13,824,780 (2021) to $9,602,758 (2025), a CAGR of -8.7% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 $196,519. 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 56% of market value ($5,343,505 land vs $4,259,253 improvements), about $60/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $9,602,758, 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 -8.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,089,311 by 2030, with an estimated annual tax burden around $114,707. 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.
21 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 77,905 SF | ✗ |
| 551 | PAVED AREA | 36,585 SF | ✗ |
| 1ST | 1st Floor | 23,257 SF | ✓ |
| 2ND | 2nd Floor | 23,257 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 712 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 640 SF | ✗ |
| 571C | STORAGE DET COMM | 444 SF | ✓ |
| 601 | POOL COMM'L | 392 SF | ✗ |
| 581C | STORAGE ATT COMM | 296 SF | ✓ |
| MISC | Miscellaneous | 13 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 2 SF | ✓ |
| 142 | BATHTUB AVG | 2 SF | ✓ |
| 152 | COMMODE AVG | 2 SF | ✓ |
| 162 | LAVATORY AVG | 2 SF | ✓ |
| 303 | STAIRWAYS FV | 2 SF | ✓ |
| 509 | CANOPY FV | 2 SF | ✗ |
| 299 | ALL FLAT VALUE | 2 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 539 | FENCE FV | 1 SF | ✗ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $88,844.72 | $88,844.72 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $50,320.08 | $50,320.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $36,091.49 | $36,091.49 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $11,333.46 | $11,333.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $9,929.25 | $9,929.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $196,519.00 | $196,519.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $9,719,883 | $9,602,758 | +1.2% |
| Assessed Value | $9,719,883 | $9,602,758 | +1.2% |
| Land Value | $5,343,505 | $5,343,505 | +0.0% |
| Improvement Value | $4,376,378 | $4,259,253 | +2.7% |
| Taxable Value | $9,719,883 | $9,602,758 | +1.2% |
| Total Tax 2026 = estimate |
~$198,916
Estimated
|
~$196,519
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $9,719,883 | $9,719,883 | +0 (+0.0%) |
| Taxable Value | $9,719,883 | $9,719,883 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $9,719,883 | $5,343,505 | $4,376,378 | — | $9,719,883 | $9,719,883 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $9,602,758 | $5,343,505 | $4,259,253 | — | $9,602,758 | $9,602,758 | ~$196,519 | Partial |
| 2024 | $14,610,000 | — | — | −$9,266,495 | $5,343,505 | $— | $184,883 | Verified |
| 2023 | $14,610,000 | — | — | −$10,157,079 | $4,452,921 | $— | $265,063 | Verified |
| 2022 | $14,246,371 | — | — | −$9,793,450 | $4,452,921 | $— | $288,536 | Verified |
| 2021 | $13,824,780 | — | — | −$9,371,859 | $4,452,921 | $— | $310,098 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.2% | +1.2% | ~100% | Not available | Partial |
| 2025 | +2.9% | +2.9% | ~100% | Not available | Partial |
| 2024 | -39.2% | -39.2% | ~100% | 1.9800% | Verified |
| 2023 | +5.1% | +5.1% | ~100% | 1.7300% | Verified |
| 2022 | +2.6% | +2.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -32.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.2% | -5.5% | -8.9% | +3.0% | 2022 | -34.3% | 2025 |
| Assessment Ratio | 100.0% | 55.1% | — | 100.0% | 2025 | 30.5% | 2023 |
| 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 |
$196,519 | $249,020 | ~$144,009 | $310,098 | 2021 | $184,883 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,766,584 | ~$8,766,584 | ~2.0139% | ~$176,553 | -8.7% |
| 2027 | ~$8,003,222 | ~$8,003,222 | ~1.9814% | ~$158,575 | -16.7% |
| 2028 | ~$7,306,330 | ~$7,306,330 | ~1.9488% | ~$142,389 | -23.9% |
| 2029 | ~$6,670,121 | ~$6,670,121 | ~1.9163% | ~$127,819 | -30.5% |
| 2030 | ~$6,089,311 | ~$6,089,311 | ~1.8837% | ~$114,707 | -36.6% |
| 2026 | ~$9,122,620 | ~$9,122,620 | ~2.0465% | ~$186,693 | -5.0% |
| 2027 | ~$8,666,489 | ~$8,666,489 | ~2.0465% | ~$177,358 | -9.8% |
| 2028 | ~$8,233,165 | ~$8,233,165 | ~2.0465% | ~$168,490 | -14.3% |
| 2029 | ~$7,821,506 | ~$7,821,506 | ~2.0465% | ~$160,066 | -18.5% |
| 2030 | ~$7,430,431 | ~$7,430,431 | ~2.0465% | ~$152,063 | -22.6% |
| 2026 | ~$8,958,640 | ~$8,958,640 | ~1.9977% | ~$178,963 | -6.7% |
| 2027 | ~$8,357,726 | ~$8,357,726 | ~1.9488% | ~$162,879 | -13.0% |
| 2028 | ~$7,797,120 | ~$7,797,120 | ~1.9000% | ~$148,147 | -18.8% |
| 2029 | ~$7,274,118 | ~$7,274,118 | ~1.8512% | ~$134,658 | -24.2% |
| 2030 | ~$6,786,196 | ~$6,786,196 | ~1.8024% | ~$122,312 | -29.3% |
In 2025, this property's market value of $9,602,758 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 18× 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 | $9,602,758 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $14,610,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $14,610,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $14,246,371 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $13,824,780 | $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.