BLUE BLUFF RD TX 78653
| Owner | REEP WE WILDHORSE RANCH JV LLC |
|---|---|
| Parcel ID | 0226500206 |
| Short ID | 947771 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 358,683 SF |
| Land SF | 764,217 SF |
| Acres | 17.544 |
| Year Built | 2024 |
| Legal | LOT 1 PARMER CORNERBROOK |
| Neighborhood | _BACRE |
| Land | $2,292,650 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,292,650 |
| Improvement | $72,357,350 |
|---|---|
| Total Improvement | $72,357,350 |
| Market | $74,650,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $74,650,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $74,650,000 |
| Taxable Value | $74,650,000 |
|---|
Appreciation: Market value has risen +21175.1% from $350,880 (2021) to $74,650,000 (2025), a CAGR of 281.9% 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 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,644,304. Manor ISD is the largest single contributor, at 49.1% 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 3% of market value ($2,292,650 land vs $72,357,350 improvements), about $3/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $74,650,000, 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 +191.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $15,423,996,252 by 2031, with an estimated annual tax burden around $2,218,302. 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 | 358,683 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +34,650 |
| Travis County | 0.3444% | 0.3758% | +23,440 |
| Travis Central Health | 0.1080% | 0.1180% | +7,505 |
| Austin Community College | 0.1013% | 0.1034% | +1,568 |
| Manor ISD | 1.0814% | 1.0814% | +0 |
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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $807,265.10 | $49,094.63 | $758,170.47 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $391,178.69 | $23,789.92 | $367,388.77 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $280,568.29 | $17,063.04 | $263,505.25 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $88,104.17 | $5,358.14 | $82,746.03 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $77,188.10 | $4,694.27 | $72,493.83 |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $1,644,304.35 | $100,000.00 | $1,544,304.35 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IMA Manor ISD | 1.0814% | $807,265.10 | 49.1% |
| CAT City of Austin | 0.5240% | $391,178.69 | 23.8% |
| TCO Travis County | 0.3758% | $280,568.29 | 17.1% |
| THD Travis Central Health | 0.1180% | $88,104.17 | 5.4% |
| ACT Austin Community College | 0.1034% | $77,188.10 | 4.7% |
| Total | 2.2027% | $1,644,304.35 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $73,566,105 | $74,650,000 | -1.5% |
| Assessed Value | $73,566,105 | $74,650,000 | -1.5% |
| Land Value | $2,292,650 | $2,292,650 | +0.0% |
| Improvement Value | $71,273,455 | $72,357,350 | -1.5% |
| Taxable Value | $73,566,105 | $74,650,000 | -1.5% |
| Total Tax 2026 = estimate |
~$1,620,430
Estimated
|
$1,644,304 | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $73,566,105 | $2,292,650 | $71,273,455 | — | $73,566,105 | $73,566,105 | Not yet — post-cert | Preliminary |
| 2025 | $74,650,000 | $2,292,650 | $72,357,350 | — | $74,650,000 | $74,650,000 | $1,644,304 | Verified |
| 2024 | $59,572,201 | $2,292,650 | $57,279,551 | — | $59,572,201 | $59,572,201 | $1,226,967 | Verified |
| 2023 | $5,494,778 | $2,292,650 | $3,202,128 | — | $5,494,778 | $5,494,778 | $111,865 | Verified |
| 2022 | $614,040 | $614,040 | — | — | $614,040 | $614,040 | $14,309 | Verified |
| 2021 | $350,880 | $350,880 | — | — | $350,880 | $350,880 | $8,656 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.5% | -1.5% | ~100% | Not available | Partial |
| 2025 | +25.3% | +25.3% | ~100% | 2.2000% | Verified |
| 2024 | +984.2% ! | +984.2% | ~100% | No billing data | Verified |
| 2023 | +794.9% ! | +794.9% | ~100% | No billing data | Verified |
| 2022 | +75.0% | +75.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +21175.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.5% | +375.6% | +191.3% | +984.2% | 2024 | -1.5% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
| Tax Amount | $1,644,304 | $601,220 | ~$1,968,180 | $1,644,304 | 2025 | $8,656 | 2021 |
Market value changed by 795% 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 | ~$214,279,978 | ~$80,922,716 | ~2.1366% | ~$1,729,004 | +191.3% |
| 2028 | ~$624,144,894 | ~$89,014,987 | ~2.0705% | ~$1,843,089 | +748.4% |
| 2029 | ~$1,817,980,630 | ~$97,916,486 | ~2.0045% | ~$1,962,701 | +2371.2% |
| 2030 | ~$5,295,330,625 | ~$107,708,134 | ~1.9384% | ~$2,087,805 | +7098.1% |
| 2031 | ~$15,423,996,252 | ~$118,478,948 | ~1.8723% | ~$2,218,302 | +20866.2% |
| 2027 | ~$212,808,656 | ~$80,922,716 | ~2.2027% | ~$1,782,473 | +189.3% |
| 2028 | ~$615,603,121 | ~$89,014,987 | ~2.2027% | ~$1,960,720 | +736.8% |
| 2029 | ~$1,780,788,484 | ~$97,916,486 | ~2.2027% | ~$2,156,792 | +2320.7% |
| 2030 | ~$5,151,383,277 | ~$107,708,134 | ~2.2027% | ~$2,372,471 | +6902.4% |
| 2031 | ~$14,901,685,352 | ~$118,478,948 | ~2.2027% | ~$2,609,718 | +20156.2% |
| 2027 | ~$215,751,300 | ~$80,922,716 | ~2.1036% | ~$1,702,270 | +193.3% |
| 2028 | ~$632,745,520 | ~$89,014,987 | ~2.0045% | ~$1,784,274 | +760.1% |
| 2029 | ~$1,855,687,048 | ~$97,916,486 | ~1.9054% | ~$1,865,656 | +2422.5% |
| 2030 | ~$5,442,273,892 | ~$107,708,134 | ~1.8062% | ~$1,945,472 | +7297.8% |
| 2031 | ~$15,960,851,340 | ~$118,478,948 | ~1.7071% | ~$2,022,594 | +21595.9% |
In 2025, this property's market value of $74,650,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 144× 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 | $74,650,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $59,572,201 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $5,494,778 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $614,040 | $506,269 | $614,560 | $904,074 | ↓ Below median | +39.0% |
| 2021 | $350,880 | $353,349 | $436,046 | $657,886 | ↓ Bottom 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 | — |