PARMER TX 78753
| Owner | MAG CITADEL LP |
|---|---|
| Parcel ID | 0251311001 |
| Short ID | 873509 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 266,728 SF |
| Land SF | 647,915 SF |
| Acres | 14.874 |
| Year Built | 2020 |
| Legal | LOT 1 BLK A NEWINGTON APARTMENT HOMES SUBD |
| Neighborhood | 08NE1 |
| Land | $8,422,895 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,422,895 |
| Improvement | $55,887,105 |
|---|---|
| Total Improvement | $55,887,105 |
| Market | $64,310,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $64,310,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $64,310,000 |
| Taxable Value | $64,310,000 |
|---|
Appreciation: Market value has risen +14.8% from $56,006,580 (2021) to $64,310,000 (2025), a CAGR of 3.5% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 lagged the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2282% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,432,946. Pflugerville ISD is the largest single contributor, at 49.7% 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 13% of market value ($8,422,895 land vs $55,887,105 improvements), about $13/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $64,310,000, 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 +1.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $62,237,716 by 2031, with an estimated annual tax burden around $1,172,990. 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 | 266,728 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $675,209.00 | $675,209.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $319,650.37 | $319,650.37 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $229,265.45 | $229,265.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $71,994.03 | $71,994.03 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $63,074.00 | $63,074.00 | Paid |
| Combined Rate | 2.5030% | 2.2429% | 2.0589% | 2.1382% | 2.2282% | +0.0900% | $1,359,192.85 | $1,359,192.85 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IPF Pflugerville ISD | 1.1069% | $675,209.00 | 49.7% |
| CAT City of Austin | 0.5240% | $319,650.37 | 23.5% |
| TCO Travis County | 0.3758% | $229,265.45 | 16.9% |
| THD Travis Central Health | 0.1180% | $71,994.03 | 5.3% |
| ACT Austin Community College | 0.1034% | $63,074.00 | 4.6% |
| Total | 2.2282% | $1,359,192.85 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $59,040,000 | $64,310,000 | -8.2% |
| Assessed Value | $59,040,000 | $64,310,000 | -8.2% |
| Land Value | $8,422,895 | $8,422,895 | +0.0% |
| Improvement Value | $50,617,105 | $55,887,105 | -9.4% |
| Taxable Value | $59,040,000 | $64,310,000 | -8.2% |
| Total Tax 2026 = estimate |
~$1,315,520
Estimated
|
~$1,359,193
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $59,040,000 | $8,422,895 | $50,617,105 | — | $59,040,000 | $59,040,000 | Not yet — post-cert | Preliminary |
| 2025 | $64,310,000 | $8,422,895 | $55,887,105 | — | $64,310,000 | $64,310,000 | ~$1,359,193 | Partial |
| 2024 | $72,360,000 | $8,422,895 | $63,937,105 | — | $72,360,000 | $72,360,000 | $1,485,901 | Verified |
| 2023 | $83,759,394 | $4,535,405 | $79,223,989 | — | $83,759,394 | $83,759,394 | $1,498,463 | Verified |
| 2022 | $74,788,820 | $9,070,810 | $65,718,010 | — | $74,788,820 | $74,788,820 | $1,529,744 | Verified |
| 2021 | $56,006,580 | $4,535,405 | $51,471,175 | — | $56,006,580 | $56,006,580 | $1,365,702 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.2% | -8.2% | ~100% | Not available | Partial |
| 2025 | -11.1% | -11.1% | ~100% | Not available | Partial |
| 2024 | -13.6% | -13.6% | ~100% | No billing data | Verified |
| 2023 | +12.0% | +12.0% | ~100% | No billing data | Verified |
| 2022 | +33.5% | +33.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.2% | +2.5% | +1.1% | +33.5% | 2022 | -13.6% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 2.1100% | 2.1100% | — | 2.1100% | 2025 | 2.1100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,359,193 | $1,447,801 | ~$1,231,482 | $1,529,744 | 2022 | $1,359,193 | 2025 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$59,666,121 | ~$59,666,121 | ~2.1595% | ~$1,288,482 | +1.1% |
| 2028 | ~$60,298,883 | ~$60,298,883 | ~2.0908% | ~$1,260,722 | +2.1% |
| 2029 | ~$60,938,355 | ~$60,938,355 | ~2.0221% | ~$1,232,228 | +3.2% |
| 2030 | ~$61,584,609 | ~$61,584,609 | ~1.9534% | ~$1,202,988 | +4.3% |
| 2031 | ~$62,237,716 | ~$62,237,716 | ~1.8847% | ~$1,172,990 | +5.4% |
| 2027 | ~$58,485,321 | ~$58,485,321 | ~2.2282% | ~$1,303,161 | -0.9% |
| 2028 | ~$57,935,854 | ~$57,935,854 | ~2.2282% | ~$1,290,918 | -1.9% |
| 2029 | ~$57,391,549 | ~$57,391,549 | ~2.2282% | ~$1,278,790 | -2.8% |
| 2030 | ~$56,852,358 | ~$56,852,358 | ~2.2282% | ~$1,266,776 | -3.7% |
| 2031 | ~$56,318,232 | ~$56,318,232 | ~2.2282% | ~$1,254,874 | -4.6% |
| 2027 | ~$60,846,921 | ~$60,846,921 | ~2.1251% | ~$1,293,081 | +3.1% |
| 2028 | ~$62,709,144 | ~$62,709,144 | ~2.0221% | ~$1,268,035 | +6.2% |
| 2029 | ~$64,628,360 | ~$64,628,360 | ~1.9190% | ~$1,240,245 | +9.5% |
| 2030 | ~$66,606,313 | ~$66,606,313 | ~1.8160% | ~$1,209,567 | +12.8% |
| 2031 | ~$68,644,802 | ~$68,644,802 | ~1.7129% | ~$1,175,849 | +16.3% |
In 2025, this property's market value of $64,310,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 124× 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 | $64,310,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $72,360,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $83,759,394 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $74,788,820 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $56,006,580 | $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 | — |