1901 RIO GRANDE ST TX 78705
| Owner | W-L RIO OWNER IX LP |
|---|---|
| Parcel ID | 0212011511 |
| Short ID | 203784 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 65,110 SF |
| Land SF | 34,748 SF |
| Acres | 0.798 |
| Year Built | 2014 |
| Legal | .099 AC OF LOT 3 & LOTS 4-6 OLT 23 DIV D HORSTS LOUIS SUBD |
| Neighborhood | 08WC |
| Land | $7,818,257 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,818,257 |
| Improvement | $33,181,743 |
|---|---|
| Total Improvement | $33,181,743 |
| Market | $41,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $41,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $41,000,000 |
| Taxable Value | $41,000,000 |
|---|
Appreciation: Market value has fallen -0.6% from $41,240,000 (2021) to $41,000,000 (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 (2023→2024), 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 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 $839,059. 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 19% of market value ($7,818,257 land vs $33,181,743 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age (~12 yrs), and rent roll drive the underwriting.
Submarket Position: At $41,000,000, 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 +0.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $44,124,966 by 2031, with an estimated annual tax burden around $831,201. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 240,614 SF | ✗ |
| 187 | PARKING GARAGE | 58,593 SF | ✓ |
| ADDL | Additional Floor | 22,557 SF | ✓ |
| 2ND | 2nd Floor | 22,555 SF | ✓ |
| 3RD | 3rd Floor | 22,555 SF | ✓ |
| 4TH | 4th Floor | 22,555 SF | ✓ |
| 5TH | 5th Floor | 22,555 SF | ✓ |
| 1ST | 1st Floor | 20,000 SF | ✓ |
| MISC | Miscellaneous | 4,741 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 276 | ELEVATOR COM PAS | 1 SF | ✓ |
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% | $363,603.60 | $363,603.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $205,938.68 | $205,938.68 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $147,707.09 | $147,707.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $46,383.04 | $46,383.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $40,636.20 | $40,636.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $804,268.61 | $804,268.61 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $363,603.60 | 45.2% |
| CAT City of Austin | 0.5240% | $205,938.68 | 25.6% |
| TCO Travis County | 0.3758% | $147,707.09 | 18.4% |
| THD Travis Central Health | 0.1180% | $46,383.04 | 5.8% |
| ACT Austin Community College | 0.1034% | $40,636.20 | 5.1% |
| Total | 2.0465% | $804,268.61 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $42,658,101 | $41,000,000 | +4.0% |
| Assessed Value | $42,658,101 | $41,000,000 | +4.0% |
| Land Value | $7,818,257 | $7,818,257 | +0.0% |
| Improvement Value | $34,839,844 | $33,181,743 | +5.0% |
| Taxable Value | $42,658,101 | $41,000,000 | +4.0% |
| Total Tax 2026 = estimate |
~$872,992
Estimated
|
~$804,269
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $42,658,101 | $7,818,257 | $34,839,844 | — | $42,658,101 | $42,658,101 | Not yet — post-cert | Preliminary |
| 2025 | $41,000,000 | $7,818,257 | $33,181,743 | — | $41,000,000 | $41,000,000 | ~$804,269 | Partial |
| 2024 | $41,000,000 | $7,818,257 | $33,181,743 | — | $41,000,000 | $41,000,000 | $773,993 | Verified |
| 2023 | $44,663,341 | $7,818,257 | $36,845,084 | — | $44,663,341 | $44,663,341 | $752,317 | Verified |
| 2022 | $42,500,000 | $9,034,431 | $33,465,569 | — | $42,500,000 | $42,500,000 | $839,342 | Verified |
| 2021 | $41,240,000 | $6,254,606 | $34,985,394 | — | $41,240,000 | $41,240,000 | $871,971 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.0% | +4.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -8.2% | -8.2% | ~100% | No billing data | Verified |
| 2023 | +5.1% | +5.1% | ~100% | No billing data | Verified |
| 2022 | +3.1% | +3.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -0.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.0% | +0.8% | +0.7% | +5.1% | 2023 | -8.2% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$804,269 | $808,378 | ~$848,221 | $871,971 | 2021 | $752,317 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$42,947,520 | ~$42,947,520 | ~2.0139% | ~$864,936 | +0.7% |
| 2028 | ~$43,238,903 | ~$43,238,903 | ~1.9814% | ~$856,730 | +1.4% |
| 2029 | ~$43,532,262 | ~$43,532,262 | ~1.9488% | ~$848,374 | +2.0% |
| 2030 | ~$43,827,612 | ~$43,827,612 | ~1.9163% | ~$839,865 | +2.7% |
| 2031 | ~$44,124,966 | ~$44,124,966 | ~1.8837% | ~$831,201 | +3.4% |
| 2027 | ~$42,094,358 | ~$42,094,358 | ~2.0465% | ~$861,455 | -1.3% |
| 2028 | ~$41,538,065 | ~$41,538,065 | ~2.0465% | ~$850,070 | -2.6% |
| 2029 | ~$40,989,124 | ~$40,989,124 | ~2.0465% | ~$838,836 | -3.9% |
| 2030 | ~$40,447,437 | ~$40,447,437 | ~2.0465% | ~$827,751 | -5.2% |
| 2031 | ~$39,912,909 | ~$39,912,909 | ~2.0465% | ~$816,812 | -6.4% |
| 2027 | ~$43,800,682 | ~$43,800,682 | ~1.9977% | ~$874,990 | +2.7% |
| 2028 | ~$44,973,867 | ~$44,973,867 | ~1.9488% | ~$876,468 | +5.4% |
| 2029 | ~$46,178,475 | ~$46,178,475 | ~1.9000% | ~$877,399 | +8.3% |
| 2030 | ~$47,415,347 | ~$47,415,347 | ~1.8512% | ~$877,750 | +11.2% |
| 2031 | ~$48,685,349 | ~$48,685,349 | ~1.8024% | ~$877,491 | +14.1% |
In 2025, this property's market value of $41,000,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 79× 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 | $41,000,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $41,000,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $44,663,341 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $42,500,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $41,240,000 | $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 | Partial |
| 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 | — |