2921 E 12 ST TX 78702
| Owner | VAZQUEZ RAMON |
|---|---|
| Parcel ID | 0209140109 |
| Short ID | 198738 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,498 SF |
| Land SF | 24,793 SF |
| Acres | 0.569 |
| Year Built | 1971 |
| Legal | LOT 4&5 BLK 1 OLT 14 DIV B OWENS SUBD NO 1 RESUB SEC ONE |
| Neighborhood | 05EC1 |
| Land | $2,975,160 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,975,160 |
| Improvement | $46,437 |
|---|---|
| Total Improvement | $46,437 |
| Market | $3,021,597 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,021,597 |
| Value Limitation Adjustment (−) (homestead cap) | −$1,070,373 |
| Net Appraised (assessed) | $1,951,224 |
| Exemptions on file | HS,OV65 |
|---|---|
| Taxable Value | $1,951,224 |
Appreciation: Market value has risen +156.9% from $1,176,328 (2021) to $3,021,597 (2025), a CAGR of 26.6% 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 +19.0%, 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 $39,932. Austin ISD is the largest single contributor, at 42.9% of the total 2025 levy.
Assessment Gap: Assessed value ($1,951,224) is $1,070,373 below market value, suggesting potential for an upward assessment in future years.
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 98% of market value ($2,975,160 land vs $46,437 improvements), about $120/SF of land. With value concentrated in the land under a ~55-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $3,021,597, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). 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 +20.8% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $7,767,997 by 2031, with an estimated annual tax burden around $60,551. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 4,498 SF | ✓ |
| 551 | PAVED AREA | 4,000 SF | ✗ |
| 611 | TERRACE | 176 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 84 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 531 | OBS FENCE | 1 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +776 |
| Travis County | 0.3444% | 0.3758% | +540 |
| Austin ISD | 0.9505% | 0.9252% | -387 |
| Travis Central Health | 0.1080% | 0.1180% | +169 |
| Austin Community College | 0.1013% | 0.1034% | +34 |
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.
| 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% | $14,160.92 | $— | $14,160.92 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,757.05 | $— | $8,757.05 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,464.23 | $— | $6,464.23 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,980.35 | $— | $1,980.35 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,683.54 | $— | $1,683.54 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,046.09 | $0.00 | $33,046.09 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $14,160.92 | 42.9% |
| CAT City of Austin | 0.5240% | $8,757.05 | 26.5% |
| TCO Travis County | 0.3758% | $6,464.23 | 19.6% |
| THD Travis Central Health | 0.1180% | $1,980.35 | 6.0% |
| ACT Austin Community College | 0.1034% | $1,683.54 | 5.1% |
| Total | 2.0465% | $33,046.09 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,022,865 | $3,021,597 | +0.0% |
| Assessed Value | $1,995,900 | $1,951,224 | +2.3% |
| Land Value | $2,975,160 | $2,975,160 | +0.0% |
| Improvement Value | $47,705 | $46,437 | +2.7% |
| Taxable Value | $1,995,900 | $1,951,224 | +2.3% |
| Exemptions | HS,OV65 | HS,OV65 | |
| HS Cap Loss | -$1,026,965 | — | |
| Total Tax 2026 = estimate |
~$40,846
Estimated
|
$33,046 | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $3,022,865 | $2,975,160 | $47,705 | −$1,026,965 | $1,995,900 | $1,995,900 | Not yet — post-cert | Preliminary |
| 2025 | $3,021,597 | $2,975,160 | $46,437 | −$1,070,373 | $1,951,224 | $1,951,224 | $33,046 | Verified |
| 2024 | $3,065,397 | $2,975,160 | $90,237 | −$1,165,011 | $1,900,386 | $1,683,909 | $32,530 | Verified |
| 2023 | $3,154,612 | $2,975,160 | $179,452 | −$1,213,319 | $1,941,293 | $1,744,496 | $25,235 | Verified |
| 2022 | $1,375,929 | $1,239,650 | $136,279 | −$357,067 | $1,018,862 | $842,683 | $17,171 | Verified |
| 2021 | $1,176,328 | $1,115,685 | $60,643 | −$287,350 | $888,978 | $828,815 | $17,020 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +2.3% | 66.0% | Not available | Partial |
| 2025 | -1.4% | +2.7% | 64.6% | 1.0900% | Verified |
| 2024 | -2.8% | -2.1% | 62.0% | No billing data | Verified |
| 2023 | +129.3% ! | +90.5% | 61.5% | No billing data | Verified |
| 2022 | +17.0% | +14.6% | 74.0% | No billing data | Verified |
| 2021 | base year | — | 75.6% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +156.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +28.4% | +20.8% | +129.3% | 2023 | -2.8% | 2024 |
| Assessment Ratio | 66.0% | 67.3% | — | 75.6% | 2021 | 61.5% | 2023 |
| Effective Tax Rate (2025) | 1.0900% | 1.0900% | — | 1.0900% | 2025 | 1.0900% | 2025 |
| Tax Amount | $33,046 | $25,000 | ~$52,078 | $33,046 | 2025 | $17,020 | 2021 |
Market value changed by 129% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$3,650,874 | ~$2,195,490 | ~2.0139% | ~$44,216 | +20.8% |
| 2028 | ~$4,409,353 | ~$2,415,039 | ~1.9814% | ~$47,851 | +45.9% |
| 2029 | ~$5,325,409 | ~$2,656,543 | ~1.9488% | ~$51,772 | +76.2% |
| 2030 | ~$6,431,777 | ~$2,922,197 | ~1.9163% | ~$55,998 | +112.8% |
| 2031 | ~$7,767,997 | ~$3,214,417 | ~1.8837% | ~$60,551 | +157.0% |
| 2027 | ~$3,590,416 | ~$2,195,490 | ~2.0465% | ~$44,930 | +18.8% |
| 2028 | ~$4,264,527 | ~$2,415,039 | ~2.0465% | ~$49,423 | +41.1% |
| 2029 | ~$5,065,204 | ~$2,656,543 | ~2.0465% | ~$54,366 | +67.6% |
| 2030 | ~$6,016,211 | ~$2,922,197 | ~2.0465% | ~$59,802 | +99.0% |
| 2031 | ~$7,145,771 | ~$3,214,417 | ~2.0465% | ~$65,783 | +136.4% |
| 2027 | ~$3,711,331 | ~$2,195,490 | ~1.9977% | ~$43,858 | +22.8% |
| 2028 | ~$4,556,597 | ~$2,415,039 | ~1.9488% | ~$47,065 | +50.7% |
| 2029 | ~$5,594,375 | ~$2,656,543 | ~1.9000% | ~$50,475 | +85.1% |
| 2030 | ~$6,868,510 | ~$2,922,197 | ~1.8512% | ~$54,096 | +127.2% |
| 2031 | ~$8,432,832 | ~$3,214,417 | ~1.8024% | ~$57,936 | +179.0% |
In 2025, this property's market value of $3,021,597 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 6× the county median of $519,086. 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 | $3,021,597 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $3,065,397 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $3,154,612 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,375,929 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $1,176,328 | $353,349 | $436,046 | $657,886 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Verified |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |