1911 PHILOMENA ST MULTI-FAMILY MASTER 78723
| Owner | PPF AMLI PHILOMENA STREET NORTH LLC |
|---|---|
| Parcel ID | 0219131303 |
| Short ID | 984197 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 195,525 SF |
| Land SF | 111,649 SF |
| Acres | 2.563 |
| Year Built | 2023 |
| Legal | MUELLER TC-5 MASTER CONDOMINIUM UNT MULTI-FAMILY MASTER PLUS 92.83 % INT IN COM AREA |
| Neighborhood | EC |
| Land | $5,024,224 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,024,224 |
| Improvement | $78,948,581 |
|---|---|
| Total Improvement | $78,948,581 |
| Market | $83,972,805 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $83,972,805 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $83,972,805 |
| Taxable Value | $83,972,805 |
|---|
Appreciation: Market value has fallen -5.3% from $88,654,216 (2024) to $83,972,805 (2025), a CAGR of -5.3% over 1 year. 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 fell -8.0%, 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 $1,718,491. 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 6% of market value ($5,024,224 land vs $78,948,581 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $83,972,805, 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 -4.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $64,288,196 by 2031, with an estimated annual tax burden around $1,211,024. 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 | 195,525 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% | $776,916.39 | $776,916.39 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $440,031.77 | $440,031.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $315,607.59 | $315,607.59 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $99,107.22 | $99,107.22 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $86,827.88 | $86,827.88 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,718,490.85 | $1,718,490.85 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $776,916.39 | 45.2% |
| CAT City of Austin | 0.5240% | $440,031.77 | 25.6% |
| TCO Travis County | 0.3758% | $315,607.59 | 18.4% |
| THD Travis Central Health | 0.1180% | $99,107.22 | 5.8% |
| ACT Austin Community College | 0.1034% | $86,827.88 | 5.1% |
| Total | 2.0465% | $1,718,490.85 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $80,876,580 | $83,972,805 | -3.7% |
| Assessed Value | $80,876,580 | $83,972,805 | -3.7% |
| Land Value | $5,024,224 | $5,024,224 | +0.0% |
| Improvement Value | $75,852,356 | $78,948,581 | -3.9% |
| Taxable Value | $80,876,580 | $83,972,805 | -3.7% |
| Total Tax 2026 = estimate |
~$1,655,127
Estimated
|
~$1,718,491
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $80,876,580 | $5,024,224 | $75,852,356 | — | $80,876,580 | $80,876,580 | Not yet — post-cert | Preliminary |
| 2025 | $83,972,805 | $5,024,224 | $78,948,581 | — | $83,972,805 | $83,972,805 | ~$1,718,491 | Partial |
| 2024 | $88,654,216 | $5,024,224 | $83,629,992 | — | $88,654,216 | $88,654,216 | $1,756,962 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.7% | -3.7% | ~100% | Not available | Partial |
| 2025 | -5.3% | -5.3% | ~100% | Not available | Partial |
| 2024 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -5.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.7% | -4.5% | -4.5% | -3.7% | 2026 | -5.3% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2024 | 100.0% | 2024 |
| 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 |
$1,718,491 | $1,737,726 | ~$1,378,364 | $1,756,962 | 2024 | $1,718,491 | 2025 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$77,247,507 | ~$77,247,507 | ~2.0139% | ~$1,555,716 | -4.5% |
| 2028 | ~$73,781,276 | ~$73,781,276 | ~1.9814% | ~$1,461,893 | -8.8% |
| 2029 | ~$70,470,581 | ~$70,470,581 | ~1.9488% | ~$1,373,359 | -12.9% |
| 2030 | ~$67,308,443 | ~$67,308,443 | ~1.9163% | ~$1,289,826 | -16.8% |
| 2031 | ~$64,288,196 | ~$64,288,196 | ~1.8837% | ~$1,211,024 | -20.5% |
| 2027 | ~$76,832,751 | ~$76,832,751 | ~2.0465% | ~$1,572,371 | -5.0% |
| 2028 | ~$72,991,113 | ~$72,991,113 | ~2.0465% | ~$1,493,752 | -9.8% |
| 2029 | ~$69,341,558 | ~$69,341,558 | ~2.0465% | ~$1,419,065 | -14.3% |
| 2030 | ~$65,874,480 | ~$65,874,480 | ~2.0465% | ~$1,348,111 | -18.5% |
| 2031 | ~$62,580,756 | ~$62,580,756 | ~2.0465% | ~$1,280,706 | -22.6% |
| 2027 | ~$78,865,038 | ~$78,865,038 | ~1.9977% | ~$1,575,457 | -2.5% |
| 2028 | ~$76,903,527 | ~$76,903,527 | ~1.9488% | ~$1,498,726 | -4.9% |
| 2029 | ~$74,990,802 | ~$74,990,802 | ~1.9000% | ~$1,424,838 | -7.3% |
| 2030 | ~$73,125,650 | ~$73,125,650 | ~1.8512% | ~$1,353,698 | -9.6% |
| 2031 | ~$71,306,887 | ~$71,306,887 | ~1.8024% | ~$1,285,215 | -11.8% |
In 2025, this property's market value of $83,972,805 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 162× 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 | $83,972,805 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $88,654,216 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 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 | 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 | 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 | — |