1607 MORGAN LN TX 78704
| Owner | PERRY PEGGY W |
|---|---|
| Parcel ID | 0406090143 |
| Short ID | 308020 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 5,976 SF |
| Land SF | 27,351 SF |
| Acres | 0.628 |
| Year Built | 2002 |
| Legal | A PORTION OF LOT 10A&10B RESUB OF LOT 10 BANISTER HEIGHTS |
| Neighborhood | K3005 |
| Land | $440,048 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $440,048 |
| Improvement | $960,523 |
|---|---|
| Total Improvement | $960,523 |
| Market | $1,400,571 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,400,571 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,400,571 |
| Exemptions (−) (HS,OV65) | −$423,334 |
|---|---|
| Taxable Value | $977,237 |
Appreciation: Market value has fallen -0.5% from $1,408,036 (2021) to $1,400,571 (2025), a CAGR of -0.1% 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 4 taxing entities is 1.1213% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $10,958. City of Austin is the largest single contributor, at 44.2% 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 31% of market value ($440,048 land vs $960,523 improvements), about $16/SF of land. Most value sits in the improvements, so building condition, age (~24 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,400,571, 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 -0.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,391,295 by 2030, with an estimated annual tax burden around $15,710. 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 | 4,096 SF | ✗ |
| 2ND | 2nd Floor | 3,998 SF | ✓ |
| 1ST | 1st Floor | 1,978 SF | ✓ |
| 031 | GARAGE DET 1ST F | 1,880 SF | ✓ |
| 012 | PORCH OPEN 2ND F | 858 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 713 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 |
|---|---|---|---|---|---|---|---|---|---|
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,865.27 | $4,865.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,672.90 | $3,672.90 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,356.16 | $1,356.16 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,103.82 | $1,103.82 | Paid |
| Combined Rate | 1.1150% | 0.9783% | 0.9497% | 1.0313% | 1.1213% | +0.0900% | $10,998.15 | $10,998.15 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,130,118 | $1,400,571 | -19.3% |
| Assessed Value | $1,130,118 | $1,400,571 | -19.3% |
| Land Value | $440,048 | $440,048 | +0.0% |
| Improvement Value | $690,070 | $960,523 | -28.2% |
| Taxable Value | $758,825 | $977,237 | -22.3% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$8,509
Estimated
|
~$10,998
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,130,118 | $1,130,118 | +0 (+0.0%) |
| Taxable Value | $760,874 | $758,825 | -2,049 (-0.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,130,118 | $440,048 | $690,070 | — | $1,130,118 | $758,825 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,400,571 | $440,048 | $960,523 | — | $1,400,571 | $977,237 | ~$10,998 | Partial |
| 2024 | $1,812,018 | — | — | −$1,252,018 | $560,000 | $— | $10,340 | Verified |
| 2023 | $1,648,595 | — | — | −$1,088,595 | $560,000 | $— | $12,607 | Verified |
| 2022 | $1,563,360 | — | — | −$1,003,360 | $560,000 | $— | $19,696 | Verified |
| 2021 | $1,408,036 | — | — | −$1,072,036 | $336,000 | $— | $20,106 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -19.3% | -19.3% | ~100% | Not available | Partial |
| 2025 | +0.3% | +0.3% | ~100% | Not available | Partial |
| 2024 | -24.3% | -22.7% | ~100% | 0.7400% | Verified |
| 2023 | +11.9% | +10.0% | 97.9% | 0.6800% | Verified |
| 2022 | +5.5% | +10.0% | ~100% | 1.1900% | Verified |
| 2021 | base year | — | 95.5% | 1.4300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -10.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.3% | -3.1% | +4.6% | +11.0% | 2022 | -22.7% | 2025 |
| Assessment Ratio | 100.0% | 54.1% | — | 100.0% | 2025 | 23.9% | 2021 |
| Effective Tax Rate (2025) | 0.7900% | 0.7900% | — | 0.7900% | 2025 | 0.7900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$10,998 | $14,750 | ~$15,708 | $20,106 | 2021 | $10,340 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,398,711 | ~$1,398,711 | ~1.1229% | ~$15,706 | -0.1% |
| 2027 | ~$1,396,853 | ~$1,396,853 | ~1.1244% | ~$15,707 | -0.3% |
| 2028 | ~$1,394,998 | ~$1,394,998 | ~1.1260% | ~$15,708 | -0.4% |
| 2029 | ~$1,393,146 | ~$1,393,146 | ~1.1276% | ~$15,709 | -0.5% |
| 2030 | ~$1,391,295 | ~$1,391,295 | ~1.1292% | ~$15,710 | -0.7% |
| 2026 | ~$1,370,700 | ~$1,370,700 | ~1.1213% | ~$15,369 | -2.1% |
| 2027 | ~$1,341,465 | ~$1,341,465 | ~1.1213% | ~$15,042 | -4.2% |
| 2028 | ~$1,312,854 | ~$1,312,854 | ~1.1213% | ~$14,721 | -6.3% |
| 2029 | ~$1,284,854 | ~$1,284,854 | ~1.1213% | ~$14,407 | -8.3% |
| 2030 | ~$1,257,450 | ~$1,257,450 | ~1.1213% | ~$14,100 | -10.2% |
| 2026 | ~$1,426,722 | ~$1,426,722 | ~1.1237% | ~$16,031 | +1.9% |
| 2027 | ~$1,453,362 | ~$1,453,362 | ~1.1260% | ~$16,365 | +3.8% |
| 2028 | ~$1,480,499 | ~$1,480,499 | ~1.1284% | ~$16,706 | +5.7% |
| 2029 | ~$1,508,143 | ~$1,508,143 | ~1.1307% | ~$17,053 | +7.7% |
| 2030 | ~$1,536,303 | ~$1,536,303 | ~1.1331% | ~$17,408 | +9.7% |
In 2025, this property's market value of $1,400,571 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +169% 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 | $1,400,571 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,812,018 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,648,595 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,563,360 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,408,036 | $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.