1309 SOUTHPORT DR TX 78704
| Owner | PETREE ELIZABETH & LARRY |
|---|---|
| Parcel ID | 0407071158 |
| Short ID | 310144 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,870 SF |
| Land SF | 8,007 SF |
| Acres | 0.184 |
| Year Built | 1981 |
| Legal | LOT 8 BLK A SOUTHRIDGE SEC 6 |
| Neighborhood | K3006 |
| Land | $393,816 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $393,816 |
| Improvement | $263,578 |
|---|---|
| Total Improvement | $263,578 |
| Market | $657,394 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $657,394 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $657,394 |
| Taxable Value | $657,394 |
|---|
Appreciation: Market value has fallen -2.2% from $672,020 (2021) to $657,394 (2025), a CAGR of -0.5% 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 $13,453. 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 60% of market value ($393,816 land vs $263,578 improvements), about $49/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $657,394, this parcel sits in the upper-middle (50th–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 -0.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $639,558 by 2030, with an estimated annual tax burden around $12,048. 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 | 3,870 SF | ✗ |
| 551 | PAVED AREA | 2,100 SF | ✗ |
| 1ST | 1st Floor | 1,935 SF | ✓ |
| 2ND | 2nd Floor | 1,935 SF | ✓ |
| 612 | TERRACE UNCOVERD | 256 SF | ✗ |
| 252 | BEDROOMS | 8 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% | $6,082.21 | $6,082.21 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,444.86 | $3,444.86 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,470.78 | $2,470.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $775.88 | $775.88 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $679.75 | $679.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,453.48 | $13,453.48 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $660,000 | $657,394 | +0.4% |
| Assessed Value | $660,000 | $657,394 | +0.4% |
| Land Value | $393,816 | $393,816 | +0.0% |
| Improvement Value | $266,184 | $263,578 | +1.0% |
| Taxable Value | $660,000 | $657,394 | +0.4% |
| Total Tax 2026 = estimate |
~$13,507
Estimated
|
~$13,453
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $857,819 | $660,000 | -197,819 (-23.1%) |
| Taxable Value | $788,873 | $660,000 | -128,873 (-16.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $660,000 | $393,816 | $266,184 | — | $660,000 | $660,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $657,394 | $393,816 | $263,578 | — | $657,394 | $657,394 | ~$13,453 | Partial |
| 2024 | $996,116 | — | — | −$471,116 | $525,000 | $— | $15,594 | Verified |
| 2023 | $960,313 | — | — | −$435,313 | $525,000 | $— | $18,022 | Verified |
| 2022 | $631,727 | — | — | −$106,727 | $525,000 | $— | $18,965 | Verified |
| 2021 | $672,020 | — | — | −$357,020 | $315,000 | $— | $13,751 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +30.5% | +20.0% | 92.0% | Not available | Partial |
| 2025 | -16.5% | -16.5% | ~100% | Not available | Partial |
| 2024 | -21.0% | -21.0% | ~100% | 1.9800% | Verified |
| 2023 | +3.7% | +3.7% | ~100% | 1.8100% | Verified |
| 2022 | +52.0% | +52.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.4% | +3.2% | -0.6% | +52.0% | 2023 | -34.0% | 2025 |
| Assessment Ratio | 100.0% | 72.9% | — | 100.0% | 2025 | 46.9% | 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 |
$13,453 | $15,957 | ~$12,605 | $18,965 | 2022 | $13,453 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$653,788 | ~$653,788 | ~2.0139% | ~$13,167 | -0.5% |
| 2027 | ~$650,201 | ~$650,201 | ~1.9814% | ~$12,883 | -1.1% |
| 2028 | ~$646,634 | ~$646,634 | ~1.9488% | ~$12,602 | -1.6% |
| 2029 | ~$643,086 | ~$643,086 | ~1.9163% | ~$12,323 | -2.2% |
| 2030 | ~$639,558 | ~$639,558 | ~1.8837% | ~$12,048 | -2.7% |
| 2026 | ~$640,640 | ~$640,640 | ~2.0465% | ~$13,111 | -2.5% |
| 2027 | ~$624,312 | ~$624,312 | ~2.0465% | ~$12,776 | -5.0% |
| 2028 | ~$608,401 | ~$608,401 | ~2.0465% | ~$12,451 | -7.5% |
| 2029 | ~$592,895 | ~$592,895 | ~2.0465% | ~$12,134 | -9.8% |
| 2030 | ~$577,785 | ~$577,785 | ~2.0465% | ~$11,824 | -12.1% |
| 2026 | ~$666,935 | ~$666,935 | ~1.9977% | ~$13,323 | +1.5% |
| 2027 | ~$676,615 | ~$676,615 | ~1.9488% | ~$13,186 | +2.9% |
| 2028 | ~$686,436 | ~$686,436 | ~1.9000% | ~$13,042 | +4.4% |
| 2029 | ~$696,399 | ~$696,399 | ~1.8512% | ~$12,892 | +5.9% |
| 2030 | ~$706,506 | ~$706,506 | ~1.8024% | ~$12,734 | +7.5% |
In 2025, this property's market value of $657,394 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +26% 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 | $657,394 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $996,116 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $960,313 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $631,727 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $672,020 | $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.