8965 RESEARCH BLVD TX 78758
| Owner | FAIRFIELD METRIC PARTNERSHIP LP |
|---|---|
| Parcel ID | 0245080111 |
| Short ID | 426262 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 230,798 SF |
| Acres | 5.298 |
| Year Built | — |
| Legal | LOT 1 BILTMORE PLAZA AMENDED PLAT OF LOTS 1 & 2 |
| Neighborhood | 00EXE |
| Land | $9,231,932 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,231,932 |
| Improvement | $43,375,118 |
|---|---|
| Total Improvement | $43,375,118 |
| Market | $52,607,050 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $52,607,050 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $52,607,050 |
| Taxable Value | $52,607,050 |
|---|
Appreciation: Market value has risen +956.1% from $4,981,077 (2021) to $52,607,050 (2025), a CAGR of 80.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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 $1,076,595. 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 18% of market value ($9,231,932 land vs $43,375,118 improvements), about $40/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $52,607,050, 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 +82.7% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $2,061,423,456 by 2031, with an estimated annual tax burden around $3,074,186. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 321,750 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% | $486,720.43 | $486,720.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $275,669.89 | $275,669.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $197,720.97 | $197,720.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $62,088.42 | $62,088.42 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $54,395.69 | $54,395.69 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,076,595.40 | $1,076,595.40 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $486,720.43 | 45.2% |
| CAT City of Austin | 0.5240% | $275,669.89 | 25.6% |
| TCO Travis County | 0.3758% | $197,720.97 | 18.4% |
| THD Travis Central Health | 0.1180% | $62,088.42 | 5.8% |
| ACT Austin Community College | 0.1034% | $54,395.69 | 5.1% |
| Total | 2.0465% | $1,076,595.40 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $101,331,678 | $52,607,050 | +92.6% |
| Assessed Value | $101,331,678 | $52,607,050 | +92.6% |
| Land Value | $9,231,932 | $9,231,932 | +0.0% |
| Improvement Value | $92,099,746 | $43,375,118 | +112.3% |
| Taxable Value | $101,331,678 | $52,607,050 | +92.6% |
| Total Tax 2026 = estimate |
~$2,073,738
Estimated
|
~$1,076,595
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $101,331,678 | $9,231,932 | $92,099,746 | — | $101,331,678 | $101,331,678 | Not yet — post-cert | Preliminary |
| 2025 | $52,607,050 | $9,231,932 | $43,375,118 | — | $52,607,050 | $52,607,050 | ~$1,076,595 | Partial |
| 2024 | $48,940,455 | $9,231,932 | $39,708,523 | — | $48,940,455 | $48,940,455 | $969,909 | Verified |
| 2023 | $37,742,898 | $5,769,957 | $31,972,941 | — | $37,742,898 | $37,742,898 | $657,324 | Verified |
| 2022 | $14,834,423 | $5,769,957 | $9,064,466 | — | $14,834,423 | $14,834,423 | $292,968 | Verified |
| 2021 | $4,981,077 | $3,051,075 | $1,930,002 | — | $4,981,077 | $4,981,077 | $77,736 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +92.6% ! | +92.6% | ~100% | Not available | Partial |
| 2025 | +7.5% | +7.5% | ~100% | Not available | Partial |
| 2024 | +29.7% | +29.7% | ~100% | No billing data | Verified |
| 2023 | +154.4% ! | +154.4% | ~100% | No billing data | Verified |
| 2022 | +197.8% ! | +197.8% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +956.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +92.6% | +96.4% | +82.7% | +197.8% | 2022 | +7.5% | 2025 |
| 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 |
$1,076,595 | $614,907 | ~$2,643,975 | $1,076,595 | 2025 | $77,736 | 2021 |
Market value changed by 198% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$185,109,893 | ~$111,464,846 | ~2.0139% | ~$2,244,831 | +82.7% |
| 2028 | ~$338,153,608 | ~$122,611,330 | ~1.9814% | ~$2,429,406 | +233.7% |
| 2029 | ~$617,729,614 | ~$134,872,463 | ~1.9488% | ~$2,628,448 | +509.6% |
| 2030 | ~$1,128,451,291 | ~$148,359,710 | ~1.9163% | ~$2,843,004 | +1013.6% |
| 2031 | ~$2,061,423,456 | ~$163,195,681 | ~1.8837% | ~$3,074,186 | +1934.3% |
| 2027 | ~$183,083,260 | ~$111,464,846 | ~2.0465% | ~$2,281,111 | +80.7% |
| 2028 | ~$330,789,745 | ~$122,611,330 | ~2.0465% | ~$2,509,222 | +226.4% |
| 2029 | ~$597,661,719 | ~$134,872,463 | ~2.0465% | ~$2,760,145 | +489.8% |
| 2030 | ~$1,079,838,583 | ~$148,359,710 | ~2.0465% | ~$3,036,159 | +965.6% |
| 2031 | ~$1,951,022,341 | ~$163,195,681 | ~2.0465% | ~$3,339,775 | +1825.4% |
| 2027 | ~$187,136,527 | ~$111,464,846 | ~1.9977% | ~$2,226,691 | +84.7% |
| 2028 | ~$345,598,537 | ~$122,611,330 | ~1.9488% | ~$2,389,498 | +241.1% |
| 2029 | ~$638,241,773 | ~$134,872,463 | ~1.9000% | ~$2,562,599 | +529.9% |
| 2030 | ~$1,178,687,168 | ~$148,359,710 | ~1.8512% | ~$2,746,426 | +1063.2% |
| 2031 | ~$2,176,766,705 | ~$163,195,681 | ~1.8024% | ~$2,941,392 | +2048.2% |
In 2025, this property's market value of $52,607,050 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 101× 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 | $52,607,050 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $48,940,455 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $37,742,898 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $14,834,423 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $4,981,077 | $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 | — |