1500 S LAMAR BLVD AUSTIN, TX 78704
| Owner | MID-AMERICA APARTMENTS LP |
|---|---|
| Parcel ID | 0102040425 |
| Short ID | 771587 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 197,205 SF |
| Land SF | 175,808 SF |
| Acres | 4.036 |
| Year Built | 2012 |
| Legal | LOT 1 BLK A POST CINCO SUBD |
| Neighborhood | 08SC |
| Land | $29,887,387 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $29,887,387 |
| Improvement | $55,665,185 |
|---|---|
| Total Improvement | $55,665,185 |
| Market | $85,552,572 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $85,552,572 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $85,552,572 |
| Taxable Value | $85,552,572 |
|---|
Appreciation: Market value has risen +3764.3% from $2,213,941 (2021) to $85,552,572 (2025), a CAGR of 149.3% over 4 years. This is strong appreciation — well above typical inflation. 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 +37.9%, 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 $1,750,821. 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 35% of market value ($29,887,387 land vs $55,665,185 improvements), about $170/SF of land. Most value sits in the improvements, so building condition, age (~14 yrs), and rent roll drive the underwriting.
Submarket Position: At $85,552,572, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). 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 +149.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,242,649,914 by 2030, with an estimated annual tax burden around $2,595,482. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 153,727 SF | ✓ |
| 1ST | 1st Floor | 69,290 SF | ✓ |
| 4TH | 4th Floor | 65,845 SF | ✓ |
| 3RD | 3rd Floor | 64,756 SF | ✓ |
| 2ND | 2nd Floor | 63,159 SF | ✓ |
| 601 | POOL COMM'L | 1,688 SF | ✗ |
| 276 | ELEVATOR COM PAS | 2 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $752,586.07 | $752,586.07 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $426,251.50 | $426,251.50 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $305,723.85 | $305,723.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $96,003.53 | $96,003.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $84,108.73 | $84,108.73 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,664,673.68 | $1,664,673.68 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $78,179,055 | $85,552,572 | -8.6% |
| Assessed Value | $78,179,055 | $85,552,572 | -8.6% |
| Land Value | $29,887,387 | $29,887,387 | +0.0% |
| Improvement Value | $48,291,668 | $55,665,185 | -13.2% |
| Taxable Value | $78,179,055 | $85,552,572 | -8.6% |
| Total Tax 2026 = estimate |
~$1,599,923
Estimated
|
~$1,664,674
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $78,179,055 | $78,179,055 | +0 (+0.0%) |
| Taxable Value | $78,179,055 | $78,179,055 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $78,179,055 | $29,887,387 | $48,291,668 | — | $78,179,055 | $78,179,055 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $85,552,572 | $29,887,387 | $55,665,185 | — | $85,552,572 | $85,552,572 | ~$1,664,674 | Partial |
| 2024 | $93,388,815 | — | — | — | — | $— | $1,775,899 | Verified |
| 2023 | $84,300,000 | — | — | — | — | $— | $1,695,453 | Verified |
| 2022 | $68,500,000 | — | — | — | — | $— | $1,667,608 | Verified |
| 2021 | $2,213,941 | — | — | — | — | $— | $1,491,025 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.6% | -8.6% | ~100% | Not available | Partial |
| 2025 | -5.8% | -5.8% | ~100% | Not available | Partial |
| 2024 | -8.5% | -8.5% | ~100% | 1.9600% | Verified |
| 2023 | +14.0% | +14.0% | ~100% | 1.7100% | Verified |
| 2022 | +27.1% | +27.1% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 67.3500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.6% | +602.2% | +154.0% | +2994.0% | 2022 | -8.6% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 1.9500% | 1.9500% | — | 1.9500% | 2025 | 1.9500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,664,674 | $1,658,932 | ~$2,232,262 | $1,775,899 | 2024 | $1,491,025 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$213,304,406 | ~$94,107,829 | ~2.0139% | ~$1,895,272 | +149.3% |
| 2027 | ~$531,822,349 | ~$103,518,612 | ~1.9814% | ~$2,051,105 | +521.6% |
| 2028 | ~$1,325,968,909 | ~$113,870,473 | ~1.9488% | ~$2,219,153 | +1449.9% |
| 2029 | ~$3,305,979,055 | ~$125,257,521 | ~1.9163% | ~$2,400,299 | +3764.3% |
| 2030 | ~$8,242,649,914 | ~$137,783,273 | ~1.8837% | ~$2,595,482 | +9534.6% |
| 2026 | ~$211,593,355 | ~$94,107,829 | ~2.0465% | ~$1,925,903 | +147.3% |
| 2027 | ~$523,324,394 | ~$103,518,612 | ~2.0465% | ~$2,118,493 | +511.7% |
| 2028 | ~$1,294,314,849 | ~$113,870,473 | ~2.0465% | ~$2,330,342 | +1412.9% |
| 2029 | ~$3,201,171,104 | ~$125,257,521 | ~2.0465% | ~$2,563,376 | +3641.8% |
| 2030 | ~$7,917,313,509 | ~$137,783,273 | ~2.0465% | ~$2,819,714 | +9154.3% |
| 2026 | ~$215,015,458 | ~$94,107,829 | ~1.9977% | ~$1,879,957 | +151.3% |
| 2027 | ~$540,388,747 | ~$103,518,612 | ~1.9488% | ~$2,017,412 | +531.6% |
| 2028 | ~$1,358,134,900 | ~$113,870,473 | ~1.9000% | ~$2,163,558 | +1487.5% |
| 2029 | ~$3,413,339,781 | ~$125,257,521 | ~1.8512% | ~$2,318,760 | +3889.8% |
| 2030 | ~$8,578,594,412 | ~$137,783,273 | ~1.8024% | ~$2,483,366 | +9927.3% |
In 2025, this property's market value of $85,552,572 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 165× the county median of $519,778. 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 | $85,552,572 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $93,388,815 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $84,300,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $68,500,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,213,941 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |
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.