907 W MARY ST TX 78704
| Owner | STEELE ROBERT |
|---|---|
| Parcel ID | 0400041704 |
| Short ID | 302316 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,364 SF |
| Land SF | 7,818 SF |
| Acres | 0.179 |
| Year Built | 1935 |
| Legal | LOT 4 BLK N BOULDIN JAMES E ADDN |
| Neighborhood | K1005 |
| Land | $601,426 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $601,426 |
| Improvement | $464,620 |
|---|---|
| Total Improvement | $464,620 |
| Market | $1,066,046 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,066,046 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,066,046 |
| Taxable Value | $1,066,046 |
|---|
Appreciation: Market value has risen +66.0% from $642,154 (2021) to $1,066,046 (2025), a CAGR of 13.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 outpaced 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 $21,816. 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 56% of market value ($601,426 land vs $464,620 improvements), about $77/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,066,046, 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 +13.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,008,847 by 2030, with an estimated annual tax burden around $32,342. 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 | 3,642 SF | ✓ |
| 2ND | 2nd Floor | 641 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 241 SF | ✗ |
| 1/2 | Half Floor | 81 SF | ✓ |
| 512 | DECK UNCOVRED | 44 SF | ✗ |
| 251 | BATHROOM | 3 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $9,863.06 | $9,863.06 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,586.26 | $5,586.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,006.68 | $4,006.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,258.18 | $1,258.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,102.29 | $1,102.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,816.47 | $21,816.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $795,187 | $1,066,046 | -25.4% |
| Assessed Value | $795,187 | $1,066,046 | -25.4% |
| Land Value | $600,265 | $601,426 | -0.2% |
| Improvement Value | $194,922 | $464,620 | -58.0% |
| Taxable Value | $795,187 | $1,066,046 | -25.4% |
| Total Tax 2026 = estimate |
~$16,273
Estimated
|
~$21,816
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $819,780 | $795,187 | -24,593 (-3.0%) |
| Taxable Value | $819,780 | $795,187 | -24,593 (-3.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $795,187 | $600,265 | $194,922 | — | $795,187 | $795,187 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,066,046 | $601,426 | $464,620 | — | $1,066,046 | $1,066,046 | ~$21,816 | Partial |
| 2024 | $1,240,000 | — | — | −$515,000 | $725,000 | $— | $18,590 | Verified |
| 2023 | $1,240,000 | — | — | −$515,000 | $725,000 | $— | $22,435 | Verified |
| 2022 | $840,000 | — | — | −$115,000 | $725,000 | $— | $24,489 | Verified |
| 2021 | $642,154 | — | — | −$167,154 | $475,000 | $— | $18,284 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -23.1% | -23.1% | ~100% | Not available | Partial |
| 2025 | +13.6% | +13.6% | ~100% | Not available | Partial |
| 2024 | -24.4% | -24.4% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +47.6% | +47.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.8500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +26.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -25.4% | +7.8% | +21.2% | +47.6% | 2023 | -25.4% | 2026 |
| Assessment Ratio | 100.0% | 79.5% | — | 100.0% | 2025 | 58.5% | 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 |
$21,816 | $21,123 | ~$27,815 | $24,489 | 2022 | $18,284 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,210,069 | ~$1,172,651 | ~2.0139% | ~$23,616 | +13.5% |
| 2027 | ~$1,373,550 | ~$1,289,916 | ~1.9814% | ~$25,558 | +28.8% |
| 2028 | ~$1,559,116 | ~$1,418,907 | ~1.9488% | ~$27,652 | +46.3% |
| 2029 | ~$1,769,753 | ~$1,560,798 | ~1.9163% | ~$29,909 | +66.0% |
| 2030 | ~$2,008,847 | ~$1,716,878 | ~1.8837% | ~$32,342 | +88.4% |
| 2026 | ~$1,188,748 | ~$1,172,651 | ~2.0465% | ~$23,998 | +11.5% |
| 2027 | ~$1,325,573 | ~$1,289,916 | ~2.0465% | ~$26,398 | +24.3% |
| 2028 | ~$1,478,147 | ~$1,418,907 | ~2.0465% | ~$29,038 | +38.7% |
| 2029 | ~$1,648,282 | ~$1,560,798 | ~2.0465% | ~$31,941 | +54.6% |
| 2030 | ~$1,837,999 | ~$1,716,878 | ~2.0465% | ~$35,136 | +72.4% |
| 2026 | ~$1,231,390 | ~$1,172,651 | ~1.9977% | ~$23,426 | +15.5% |
| 2027 | ~$1,422,379 | ~$1,289,916 | ~1.9488% | ~$25,138 | +33.4% |
| 2028 | ~$1,642,990 | ~$1,418,907 | ~1.9000% | ~$26,959 | +54.1% |
| 2029 | ~$1,897,818 | ~$1,560,798 | ~1.8512% | ~$28,893 | +78.0% |
| 2030 | ~$2,192,170 | ~$1,716,878 | ~1.8024% | ~$30,945 | +105.6% |
In 2025, this property's market value of $1,066,046 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +105% 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 | $1,066,046 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,240,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,240,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $840,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $642,154 | $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.