921 LUTHER LN TX 78705
| Owner | SFL UPTOWN LLC ETAL |
|---|---|
| Parcel ID | 0215080166 |
| Short ID | 771774 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 118,019 SF |
| Land SF | 114,868 SF |
| Acres | 2.637 |
| Year Built | 2013 |
| Legal | LOT 5 BLK A EAST AVENUE SUBD |
| Neighborhood | 08WC2 |
| Land | $14,358,465 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $14,358,465 |
| Improvement | $57,471,535 |
|---|---|
| Total Improvement | $57,471,535 |
| Market | $71,830,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $71,830,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $71,830,000 |
| Taxable Value | $71,830,000 |
|---|
Appreciation: Market value has risen +14.2% from $62,910,000 (2021) to $71,830,000 (2025), a CAGR of 3.4% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $1,469,990. 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 20% of market value ($14,358,465 land vs $57,471,535 improvements), about $125/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $71,830,000, 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 +1.8% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $75,335,548 by 2031, with an estimated annual tax burden around $1,419,128. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 160,502 SF | ✓ |
| 2ND | 2nd Floor | 51,934 SF | ✓ |
| 4TH | 4th Floor | 51,934 SF | ✓ |
| 5TH | 5th Floor | 51,025 SF | ✓ |
| 3RD | 3rd Floor | 48,424 SF | ✓ |
| 611 | TERRACE | 26,320 SF | ✗ |
| 1ST | 1st Floor | 17,661 SF | ✓ |
| 601 | POOL COMM'L | 2,405 SF | ✗ |
| 501 | CANOPY | 197 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% | $664,571.16 | $664,571.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $376,401.41 | $376,401.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $269,969.46 | $269,969.46 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $84,775.92 | $84,775.92 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $74,272.22 | $74,272.22 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,469,990.17 | $1,469,990.17 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $664,571.16 | 45.2% |
| CAT City of Austin | 0.5240% | $376,401.41 | 25.6% |
| TCO Travis County | 0.3758% | $269,969.46 | 18.4% |
| THD Travis Central Health | 0.1180% | $84,775.92 | 5.8% |
| ACT Austin Community College | 0.1034% | $74,272.22 | 5.1% |
| Total | 2.0465% | $1,469,990.17 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $68,843,005 | $71,830,000 | -4.2% |
| Assessed Value | $68,843,005 | $71,830,000 | -4.2% |
| Land Value | $14,358,465 | $14,358,465 | +0.0% |
| Improvement Value | $54,484,540 | $57,471,535 | -5.2% |
| Taxable Value | $68,843,005 | $71,830,000 | -4.2% |
| Total Tax 2026 = estimate |
~$1,408,862
Estimated
|
~$1,469,990
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $68,843,005 | $14,358,465 | $54,484,540 | — | $68,843,005 | $68,843,005 | Not yet — post-cert | Preliminary |
| 2025 | $71,830,000 | $14,358,465 | $57,471,535 | — | $71,830,000 | $71,830,000 | ~$1,469,990 | Partial |
| 2024 | $68,240,000 | $14,358,465 | $53,881,535 | — | $68,240,000 | $68,240,000 | $1,319,669 | Verified |
| 2023 | $76,878,710 | $14,358,465 | $62,520,245 | — | $76,878,710 | $76,878,710 | $1,280,893 | Verified |
| 2022 | $75,900,000 | $14,358,465 | $61,541,535 | — | $75,900,000 | $75,900,000 | $1,384,517 | Verified |
| 2021 | $62,910,000 | $14,358,465 | $48,551,535 | — | $62,910,000 | $62,910,000 | $1,327,704 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.2% | -4.2% | ~100% | Not available | Partial |
| 2025 | +5.3% | +5.3% | ~100% | Not available | Partial |
| 2024 | -11.2% | -11.2% | ~100% | No billing data | Verified |
| 2023 | +1.3% | +1.3% | ~100% | No billing data | Verified |
| 2022 | +20.6% | +20.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.2% | +2.4% | +1.8% | +20.6% | 2022 | -11.2% | 2024 |
| 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
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,469,990 | $1,356,555 | ~$1,415,792 | $1,469,990 | 2025 | $1,280,893 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$70,095,130 | ~$70,095,130 | ~2.0139% | ~$1,411,671 | +1.8% |
| 2028 | ~$71,370,029 | ~$71,370,029 | ~1.9814% | ~$1,414,117 | +3.7% |
| 2029 | ~$72,668,116 | ~$72,668,116 | ~1.9488% | ~$1,416,185 | +5.6% |
| 2030 | ~$73,989,812 | ~$73,989,812 | ~1.9163% | ~$1,417,860 | +7.5% |
| 2031 | ~$75,335,548 | ~$75,335,548 | ~1.8837% | ~$1,419,128 | +9.4% |
| 2027 | ~$68,718,270 | ~$68,718,270 | ~2.0465% | ~$1,406,309 | -0.2% |
| 2028 | ~$68,593,761 | ~$68,593,761 | ~2.0465% | ~$1,403,761 | -0.4% |
| 2029 | ~$68,469,477 | ~$68,469,477 | ~2.0465% | ~$1,401,218 | -0.5% |
| 2030 | ~$68,345,419 | ~$68,345,419 | ~2.0465% | ~$1,398,679 | -0.7% |
| 2031 | ~$68,221,586 | ~$68,221,586 | ~2.0465% | ~$1,396,145 | -0.9% |
| 2027 | ~$71,471,990 | ~$71,471,990 | ~1.9977% | ~$1,427,769 | +3.8% |
| 2028 | ~$74,201,371 | ~$74,201,371 | ~1.9488% | ~$1,446,066 | +7.8% |
| 2029 | ~$77,034,982 | ~$77,034,982 | ~1.9000% | ~$1,463,678 | +11.9% |
| 2030 | ~$79,976,804 | ~$79,976,804 | ~1.8512% | ~$1,480,526 | +16.2% |
| 2031 | ~$83,030,968 | ~$83,030,968 | ~1.8024% | ~$1,496,526 | +20.6% |
In 2025, this property's market value of $71,830,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 138× 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 | $71,830,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $68,240,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $76,878,710 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $75,900,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $62,910,000 | $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 | — |