6121 F M RD 969 TX 78724
| Owner | CH REALTY IX-OP II MF AUSTIN 183 MLK LP |
|---|---|
| Parcel ID | 0213281003 |
| Short ID | 544746 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 306,658 SF |
| Land SF | 413,211 SF |
| Acres | 9.486 |
| Year Built | 2023 |
| Legal | ABS 22 SUR 29 TANNEHILL J C ACR 9.546 |
| Neighborhood | 61FEA |
| Land | $5,784,954 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,784,954 |
| Improvement | $70,045,046 |
|---|---|
| Total Improvement | $70,045,046 |
| Market | $75,830,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $75,830,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $75,830,000 |
| Taxable Value | $75,830,000 |
|---|
Appreciation: Market value has risen +9037.2% from $829,905 (2021) to $75,830,000 (2025), a CAGR of 209.2% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $1,551,850. 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 8% of market value ($5,784,954 land vs $70,045,046 improvements), about $14/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $75,830,000, 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 +144.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $6,324,676,836 by 2031, with an estimated annual tax burden around $2,197,953. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 306,658 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +35,198 |
| Travis County | 0.3444% | 0.3758% | +23,811 |
| Austin ISD | 0.9505% | 0.9252% | -19,185 |
| Travis Central Health | 0.1080% | 0.1180% | +7,624 |
| Austin Community College | 0.1013% | 0.1034% | +1,592 |
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% | $701,579.16 | $550,600.64 | $150,978.52 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $397,362.09 | $311,850.51 | $85,511.58 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $285,003.26 | $223,671.09 | $61,332.17 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $89,496.84 | $70,237.29 | $19,259.55 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $78,408.22 | $61,534.92 | $16,873.30 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,551,849.57 | $1,217,894.45 | $333,955.12 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $701,579.16 | 45.2% |
| CAT City of Austin | 0.5240% | $397,362.09 | 25.6% |
| TCO Travis County | 0.3758% | $285,003.26 | 18.4% |
| THD Travis Central Health | 0.1180% | $89,496.84 | 5.8% |
| ACT Austin Community College | 0.1034% | $78,408.22 | 5.1% |
| Total | 2.0465% | $1,551,849.57 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $72,449,161 | $75,830,000 | -4.5% |
| Assessed Value | $72,449,161 | $75,830,000 | -4.5% |
| Land Value | $5,784,954 | $5,784,954 | +0.0% |
| Improvement Value | $66,664,207 | $70,045,046 | -4.8% |
| Taxable Value | $72,449,161 | $75,830,000 | -4.5% |
| Total Tax 2026 = estimate |
~$1,482,661
Estimated
|
$1,551,850 | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $72,449,161 | $5,784,954 | $66,664,207 | — | $72,449,161 | $72,449,161 | Not yet — post-cert | Preliminary |
| 2025 | $75,830,000 | $5,784,954 | $70,045,046 | — | $75,830,000 | $75,830,000 | $1,551,850 | Verified |
| 2024 | $80,400,000 | $5,784,954 | $74,615,046 | — | $80,400,000 | $80,400,000 | $1,593,378 | Verified |
| 2023 | $33,939,500 | $578,495 | $33,361,005 | — | $33,939,500 | $33,939,500 | $614,049 | Verified |
| 2022 | $578,495 | $578,495 | — | — | $578,495 | $578,495 | $11,425 | Verified |
| 2021 | $829,905 | $582,154 | $247,751 | — | $829,905 | $829,905 | $18,064 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.5% | -4.5% | ~100% | Not available | Partial |
| 2025 | -5.7% | -5.7% | ~100% | 2.0500% | Verified |
| 2024 | +136.9% ! | +136.9% | ~100% | No billing data | Verified |
| 2023 | +5766.9% ! | +5766.9% | ~100% | No billing data | Verified |
| 2022 | -30.3% | -30.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9037.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.5% | +1172.7% | +144.5% | +5766.9% | 2023 | -30.3% | 2022 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $1,551,850 | $757,753 | ~$1,890,364 | $1,593,378 | 2024 | $11,425 | 2022 |
Market value changed by 5767% 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 | ~$177,106,441 | ~$79,694,077 | ~2.0139% | ~$1,604,988 | +144.5% |
| 2028 | ~$432,947,616 | ~$87,663,485 | ~1.9814% | ~$1,736,954 | +497.6% |
| 2029 | ~$1,058,367,141 | ~$96,429,833 | ~1.9488% | ~$1,879,263 | +1360.8% |
| 2030 | ~$2,587,243,735 | ~$106,072,817 | ~1.9163% | ~$2,032,664 | +3471.1% |
| 2031 | ~$6,324,676,836 | ~$116,680,098 | ~1.8837% | ~$2,197,953 | +8629.8% |
| 2027 | ~$175,657,458 | ~$79,694,077 | ~2.0465% | ~$1,630,927 | +142.5% |
| 2028 | ~$425,892,338 | ~$87,663,485 | ~2.0465% | ~$1,794,020 | +487.8% |
| 2029 | ~$1,032,602,233 | ~$96,429,833 | ~2.0465% | ~$1,973,422 | +1325.3% |
| 2030 | ~$2,503,607,782 | ~$106,072,817 | ~2.0465% | ~$2,170,764 | +3355.7% |
| 2031 | ~$6,070,151,437 | ~$116,680,098 | ~2.0465% | ~$2,387,841 | +8278.5% |
| 2027 | ~$178,555,424 | ~$79,694,077 | ~1.9977% | ~$1,592,018 | +146.5% |
| 2028 | ~$440,060,853 | ~$87,663,485 | ~1.9488% | ~$1,708,421 | +507.4% |
| 2029 | ~$1,084,557,106 | ~$96,429,833 | ~1.9000% | ~$1,832,183 | +1397.0% |
| 2030 | ~$2,672,957,859 | ~$106,072,817 | ~1.8512% | ~$1,963,614 | +3589.4% |
| 2031 | ~$6,587,669,456 | ~$116,680,098 | ~1.8024% | ~$2,103,009 | +8992.8% |
In 2025, this property's market value of $75,830,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 146× 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 | $75,830,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $80,400,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $33,939,500 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $578,495 | $506,269 | $614,560 | $904,074 | ↓ Below median | +39.0% |
| 2021 | $829,905 | $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 | — |