1512 FOREST TRL TX 78703
| Owner | FIRSTSTONE HEIGHTS INVEST. LP |
|---|---|
| Parcel ID | 0114050966 |
| Short ID | 838287 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 23,080 SF |
| Land SF | 34,500 SF |
| Acres | 0.792 |
| Year Built | 2013 |
| Legal | LOT B1 WESTFIELD A BLK 9 RESUB LOT 24 & PT LT 23 AMD PLAT LOTS B&C |
| Neighborhood | 05CEN |
| Land | $3,105,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,105,000 |
| Improvement | $5,295,000 |
|---|---|
| Total Improvement | $5,295,000 |
| Market | $8,400,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $8,400,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $8,400,000 |
| Taxable Value | $8,400,000 |
|---|
Appreciation: Market value has risen +25.4% from $6,700,000 (2021) to $8,400,000 (2025), a CAGR of 5.8% over 4 years. This represents moderate, steady growth. 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 +37.9%, so this parcel has lagged the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $171,905. 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 37% of market value ($3,105,000 land vs $5,295,000 improvements), about $90/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $8,400,000, 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 +5.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $11,143,841 by 2030, with an estimated annual tax burden around $209,921. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 10,405 SF | ✓ |
| 1ST | 1st Floor | 7,274 SF | ✓ |
| 487 | PARKING UNDER | 6,824 SF | ✓ |
| 3RD | 3rd Floor | 5,401 SF | ✓ |
| 511 | DECK | 2,865 SF | ✗ |
| 611 | TERRACE | 1,969 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 783 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 741 SF | ✗ |
| 601 | POOL COMM'L | 250 SF | ✗ |
| 327 | STORAGE COMM'L | 144 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% | $77,716.80 | $77,716.80 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $44,017.43 | $44,017.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $31,570.98 | $31,570.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $9,913.93 | $9,913.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $8,685.60 | $8,685.60 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $171,904.74 | $171,904.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $8,193,400 | $8,400,000 | -2.5% |
| Assessed Value | $8,193,400 | $8,400,000 | -2.5% |
| Land Value | $3,105,000 | $3,105,000 | +0.0% |
| Improvement Value | $5,088,400 | $5,295,000 | -3.9% |
| Taxable Value | $8,193,400 | $8,400,000 | -2.5% |
| Total Tax 2026 = estimate |
~$167,677
Estimated
|
~$171,905
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $8,193,400 | $8,193,400 | +0 (+0.0%) |
| Taxable Value | $8,193,400 | $8,193,400 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $8,193,400 | $3,105,000 | $5,088,400 | — | $8,193,400 | $8,193,400 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $8,400,000 | $3,105,000 | $5,295,000 | — | $8,400,000 | $8,400,000 | ~$171,905 | Partial |
| 2024 | $7,962,600 | — | — | −$4,857,600 | $3,105,000 | $— | $157,804 | Verified |
| 2023 | $7,575,763 | — | — | −$5,333,263 | $2,242,500 | $— | $144,063 | Verified |
| 2022 | $7,350,000 | — | — | −$5,107,500 | $2,242,500 | $— | $149,615 | Verified |
| 2021 | $6,700,000 | — | — | −$4,457,500 | $2,242,500 | $— | $159,986 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.5% | -2.5% | ~100% | Not available | Partial |
| 2025 | +5.5% | +5.5% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | +5.1% | +5.1% | ~100% | 1.8100% | Verified |
| 2022 | +3.1% | +3.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.5% | +4.2% | +6.3% | +9.7% | 2022 | -2.5% | 2026 |
| Assessment Ratio | 100.0% | 55.4% | — | 100.0% | 2025 | 29.6% | 2023 |
| 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 |
$171,905 | $156,675 | ~$194,212 | $171,905 | 2025 | $144,063 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,888,540 | ~$8,888,540 | ~2.0139% | ~$179,010 | +5.8% |
| 2027 | ~$9,405,492 | ~$9,405,492 | ~1.9814% | ~$186,359 | +12.0% |
| 2028 | ~$9,952,511 | ~$9,952,511 | ~1.9488% | ~$193,958 | +18.5% |
| 2029 | ~$10,531,343 | ~$10,531,343 | ~1.9163% | ~$201,811 | +25.4% |
| 2030 | ~$11,143,841 | ~$11,143,841 | ~1.8837% | ~$209,921 | +32.7% |
| 2026 | ~$8,720,540 | ~$8,720,540 | ~2.0465% | ~$178,465 | +3.8% |
| 2027 | ~$9,053,311 | ~$9,053,311 | ~2.0465% | ~$185,275 | +7.8% |
| 2028 | ~$9,398,780 | ~$9,398,780 | ~2.0465% | ~$192,345 | +11.9% |
| 2029 | ~$9,757,433 | ~$9,757,433 | ~2.0465% | ~$199,684 | +16.2% |
| 2030 | ~$10,129,771 | ~$10,129,771 | ~2.0465% | ~$207,304 | +20.6% |
| 2026 | ~$9,056,540 | ~$9,056,540 | ~1.9977% | ~$180,919 | +7.8% |
| 2027 | ~$9,764,394 | ~$9,764,394 | ~1.9488% | ~$190,292 | +16.2% |
| 2028 | ~$10,527,574 | ~$10,527,574 | ~1.9000% | ~$200,026 | +25.3% |
| 2029 | ~$11,350,403 | ~$11,350,403 | ~1.8512% | ~$210,118 | +35.1% |
| 2030 | ~$12,237,545 | ~$12,237,545 | ~1.8024% | ~$220,566 | +45.7% |
In 2025, this property's market value of $8,400,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 16× 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 | $8,400,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $7,962,600 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $7,575,763 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $7,350,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $6,700,000 | $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.