INNOVAR CIR TX 78653
| Owner | VAUGHAN ATX LLC |
|---|---|
| Parcel ID | 0247380302 |
| Short ID | 942982 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 618,552 SF |
| Acres | 14.200 |
| Year Built | — |
| Legal | LOT 13 BLK C EASTVILLAGE |
| Neighborhood | 1NE2 |
| Land | $7,422,624 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,422,624 |
| Improvement | $68,527,376 |
|---|---|
| Total Improvement | $68,527,376 |
| Market | $75,950,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $75,950,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $75,950,000 |
| Taxable Value | $75,950,000 |
|---|
Appreciation: Market value has risen +12178.7% from $618,552 (2021) to $75,950,000 (2025), a CAGR of 232.9% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $1,672,939. 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 10% of market value ($7,422,624 land vs $68,527,376 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $75,950,000, 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 +163.4% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $9,957,315,321 by 2031, with an estimated annual tax burden around $2,366,476. 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 | 323,425 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +35,254 |
| Travis County | 0.3444% | 0.3758% | +23,848 |
| Travis Central Health | 0.1080% | 0.1180% | +7,636 |
| Austin Community College | 0.1013% | 0.1034% | +1,595 |
| 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% | $821,323.30 | $724,145.77 | $97,177.53 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $397,990.91 | $350,901.31 | $47,089.60 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $285,454.28 | $251,679.83 | $33,774.45 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $89,638.47 | $79,032.60 | $10,605.87 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $78,532.30 | $69,240.50 | $9,291.80 |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $1,672,939.26 | $1,475,000.01 | $197,939.25 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IMA Manor ISD | 1.0814% | $821,323.30 | 49.1% |
| CAT City of Austin | 0.5240% | $397,990.91 | 23.8% |
| TCO Travis County | 0.3758% | $285,454.28 | 17.1% |
| THD Travis Central Health | 0.1180% | $89,638.47 | 5.4% |
| ACT Austin Community College | 0.1034% | $78,532.30 | 4.7% |
| Total | 2.2027% | $1,672,939.26 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $78,480,044 | $75,950,000 | +3.3% |
| Assessed Value | $78,480,044 | $75,950,000 | +3.3% |
| Land Value | $7,422,624 | $7,422,624 | +0.0% |
| Improvement Value | $71,057,420 | $68,527,376 | +3.7% |
| Taxable Value | $78,480,044 | $75,950,000 | +3.3% |
| Total Tax 2026 = estimate |
~$1,728,668
Estimated
|
$1,672,939 | |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $78,480,044 | $7,422,624 | $71,057,420 | — | $78,480,044 | $78,480,044 | Not yet — post-cert | Preliminary |
| 2025 | $75,950,000 | $7,422,624 | $68,527,376 | — | $75,950,000 | $75,950,000 | $1,672,939 | Verified |
| 2024 | $75,830,000 | $7,422,624 | $68,407,376 | — | $75,830,000 | $75,830,000 | $1,482,794 | Verified |
| 2023 | $53,282,183 | $6,309,230 | $46,972,953 | — | $53,282,183 | $53,282,183 | $953,753 | Verified |
| 2022 | $10,593,574 | $1,237,104 | $9,356,470 | — | $10,593,574 | $10,593,574 | $246,864 | Verified |
| 2021 | $618,552 | $618,552 | — | — | $618,552 | $618,552 | $15,260 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.3% | +3.3% | ~100% | Not available | Partial |
| 2025 | +0.2% | +0.2% | ~100% | 2.2000% | Verified |
| 2024 | +42.3% | +42.3% | ~100% | No billing data | Verified |
| 2023 | +403.0% ! | +403.0% | ~100% | No billing data | Verified |
| 2022 | +1612.6% ! | +1612.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12178.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.3% | +412.3% | +163.4% | +1612.6% | 2022 | +0.2% | 2025 |
| 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 | $1,672,939 | $874,322 | ~$2,099,647 | $1,672,939 | 2025 | $15,260 | 2021 |
Market value changed by 1613% 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 | ~$206,745,394 | ~$86,328,048 | ~2.1366% | ~$1,844,495 | +163.4% |
| 2028 | ~$544,643,653 | ~$94,960,853 | ~2.0705% | ~$1,966,201 | +594.0% |
| 2029 | ~$1,434,792,346 | ~$104,456,939 | ~2.0045% | ~$2,093,802 | +1728.2% |
| 2030 | ~$3,779,772,455 | ~$114,902,632 | ~1.9384% | ~$2,227,262 | +4716.2% |
| 2031 | ~$9,957,315,321 | ~$126,392,896 | ~1.8723% | ~$2,366,476 | +12587.7% |
| 2027 | ~$205,175,793 | ~$86,328,048 | ~2.2027% | ~$1,901,535 | +161.4% |
| 2028 | ~$536,405,229 | ~$94,960,853 | ~2.2027% | ~$2,091,688 | +583.5% |
| 2029 | ~$1,402,361,194 | ~$104,456,939 | ~2.2027% | ~$2,300,857 | +1686.9% |
| 2030 | ~$3,666,289,609 | ~$114,902,632 | ~2.2027% | ~$2,530,943 | +4571.6% |
| 2031 | ~$9,585,033,838 | ~$126,392,896 | ~2.2027% | ~$2,784,037 | +12113.3% |
| 2027 | ~$208,314,995 | ~$86,328,048 | ~2.1036% | ~$1,815,975 | +165.4% |
| 2028 | ~$552,944,861 | ~$94,960,853 | ~2.0045% | ~$1,903,457 | +604.6% |
| 2029 | ~$1,467,719,688 | ~$104,456,939 | ~1.9054% | ~$1,990,275 | +1770.2% |
| 2030 | ~$3,895,869,616 | ~$114,902,632 | ~1.8062% | ~$2,075,422 | +4864.2% |
| 2031 | ~$10,341,075,473 | ~$126,392,896 | ~1.7071% | ~$2,157,696 | +13076.7% |
In 2025, this property's market value of $75,950,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 146× 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 | $75,950,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $75,830,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $53,282,183 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $10,593,574 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $618,552 | $353,349 | $436,046 | $657,886 | ↑ Above median | 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 | — |