BOYCE ST TX 78653
| Owner | DAVIS CAPITAL INVESTMENTS LLC |
|---|---|
| Parcel ID | 0235591505 |
| Short ID | 238662 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 17,699 SF |
| Land SF | 12,938 SF |
| Acres | 0.297 |
| Year Built | 2023 |
| Legal | LOT 11-14 & E 1/2 OF LOT 15 BLK 29 MANOR TOWN OF |
| Neighborhood | B0850 |
| Land | $170,777 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $170,777 |
| Improvement | $3,888,223 |
|---|---|
| Total Improvement | $3,888,223 |
| Market | $4,059,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,059,000 |
| Value Limitation Adjustment (−) (homestead cap) | −$2,773,800 |
| Net Appraised (assessed) | $1,285,200 |
| Taxable Value | $1,285,200 |
|---|
Appreciation: Market value has risen +2575.2% from $151,727 (2021) to $4,059,000 (2025), a CAGR of 127.4% 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 6 taxing entities is 2.6324% in 2025 (+0.0436% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $33,831. Manor ISD is the largest single contributor, at 41.1% of the total 2025 levy.
Homestead Cap History: This property had an active homestead cap as recently as 2024 ($658,063, ~16.2% of market value at the time). The cap has since reset or expired. Verified clear — 2025 Certified Historical data from AJR 2021–2024 (Partial confidence). Current status confirmed by 2025 TCAD Certified Export.
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 4% of market value ($170,777 land vs $3,888,223 improvements), about $13/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $4,059,000, 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 +96.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $131,389,482 by 2031, with an estimated annual tax burden around $59,909. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 17,699 SF | ✓ |
| 551 | PAVED AREA | 5,000 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $13,898.15 | $13,898.15 | Paid |
| CMA City of Manor | 0.7827% | 0.7470% | 0.6789% | 0.8537% | 0.8537% | +0.0000% | $10,971.75 | $10,971.75 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,830.36 | $4,830.36 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,516.83 | $1,516.83 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,328.90 | $1,328.90 | Paid |
| E12 Travis County ESD # 12 | 0.1000% | 0.1000% | 0.0982% | 0.1000% | 0.1000% | +0.0000% | $1,285.20 | $1,285.20 | Paid |
| Combined Rate | 2.8087% | 2.7146% | 2.3671% | 2.5888% | 2.6324% | +0.0436% | $33,831.19 | $33,831.19 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IMA Manor ISD | 1.0814% | $13,898.15 | 41.1% |
| CMA City of Manor | 0.8537% | $10,971.75 | 32.4% |
| TCO Travis County | 0.3758% | $4,830.36 | 14.3% |
| THD Travis Central Health | 0.1180% | $1,516.83 | 4.5% |
| ACT Austin Community College | 0.1034% | $1,328.90 | 3.9% |
| E12 Travis County ESD # 12 | 0.1000% | $1,285.20 | 3.8% |
| Total | 2.6324% | $33,831.19 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,464,900 | $4,059,000 | +10.0% |
| Assessed Value | $1,542,240 | $1,285,200 | +20.0% |
| Land Value | $170,777 | $170,777 | +0.0% |
| Improvement Value | $4,294,123 | $3,888,223 | +10.4% |
| Taxable Value | $1,542,240 | $1,285,200 | +20.0% |
| HS Cap Loss | -$2,922,660 | -$658,063 (2024) | |
| Total Tax 2026 = estimate |
~$40,597
Estimated
|
~$33,831
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $4,464,900 | $170,777 | $4,294,123 | −$2,922,660 | $1,542,240 | $1,542,240 | Not yet — post-cert | Preliminary |
| 2025 | $4,059,000 | $170,777 | $3,888,223 | −$2,773,800 | $1,285,200 | $1,285,200 | ~$33,831 | Partial |
| 2024 | $2,645,788 | $170,777 | $2,475,011 | — | $2,645,788 | $2,645,788 | $27,726 | Verified |
| 2023 | $159,385 | $82,500 | $76,885 | — | $159,385 | $159,385 | $3,773 | Verified |
| 2022 | $208,720 | $87,500 | $121,220 | — | $208,720 | $208,720 | $5,666 | Verified |
| 2021 | $151,727 | $87,500 | $64,227 | — | $151,727 | $151,727 | $4,262 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.0% | +20.0% | 34.5% | Not available | Partial |
| 2025 | +53.4% | -51.4% | 31.7% | Not available | Partial |
| 2024 | +1560.0% ! | +1560.0% | ~100% | No billing data | Verified |
| 2023 | -23.6% | -23.6% | ~100% | No billing data | Verified |
| 2022 | +37.6% | +37.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2575.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.0% | +327.5% | +96.7% | +1560.0% | 2024 | -23.6% | 2023 |
| Assessment Ratio | 34.5% | 77.7% | — | 100.0% | 2021 | 31.7% | 2025 |
| Effective Tax Rate (2025) | 0.8300% | 0.8300% | — | 0.8300% | 2025 | 0.8300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$33,831 | $15,052 | ~$51,615 | $33,831 | 2025 | $3,773 | 2023 |
Market value changed by 1560% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$8,781,354 | ~$1,696,464 | ~2.5883% | ~$43,909 | +96.7% |
| 2028 | ~$17,270,753 | ~$1,866,110 | ~2.5442% | ~$47,478 | +286.8% |
| 2029 | ~$33,967,302 | ~$2,052,721 | ~2.5001% | ~$51,321 | +660.8% |
| 2030 | ~$66,805,286 | ~$2,257,994 | ~2.4561% | ~$55,458 | +1396.2% |
| 2031 | ~$131,389,482 | ~$2,483,793 | ~2.4120% | ~$59,909 | +2842.7% |
| 2027 | ~$8,692,056 | ~$1,696,464 | ~2.6324% | ~$44,657 | +94.7% |
| 2028 | ~$16,921,285 | ~$1,866,110 | ~2.6324% | ~$49,123 | +279.0% |
| 2029 | ~$32,941,559 | ~$2,052,721 | ~2.6324% | ~$54,035 | +637.8% |
| 2030 | ~$64,129,072 | ~$2,257,994 | ~2.6324% | ~$59,439 | +1336.3% |
| 2031 | ~$124,843,448 | ~$2,483,793 | ~2.6324% | ~$65,383 | +2696.1% |
| 2027 | ~$8,870,652 | ~$1,696,464 | ~2.5663% | ~$43,536 | +98.7% |
| 2028 | ~$17,623,794 | ~$1,866,110 | ~2.5001% | ~$46,655 | +294.7% |
| 2029 | ~$35,014,121 | ~$2,052,721 | ~2.4340% | ~$49,964 | +684.2% |
| 2030 | ~$69,564,402 | ~$2,257,994 | ~2.3679% | ~$53,467 | +1458.0% |
| 2031 | ~$138,207,269 | ~$2,483,793 | ~2.3018% | ~$57,172 | +2995.4% |
In 2025, this property's market value of $4,059,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 8× 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 | $4,059,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $2,645,788 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $159,385 | $503,694 | $616,727 | $918,308 | ↓ Bottom 25% | +0.9% |
| 2022 | $208,720 | $506,269 | $614,560 | $904,074 | ↓ Bottom 25% | +39.0% |
| 2021 | $151,727 | $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 | 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 | — |