3215 EXPOSITION BLVD TX 78703
| Owner | AUSTIN ELM TERRACE LP |
|---|---|
| Parcel ID | 0121040901 |
| Short ID | 749984 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 55,273 SF |
| Land SF | 95,111 SF |
| Acres | 2.183 |
| Year Built | 2017 |
| Legal | LOT 1 RICHARDSON SUBD |
| Neighborhood | 06CEN |
| Land | $5,135,994 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,135,994 |
| Improvement | $20,984,006 |
|---|---|
| Total Improvement | $20,984,006 |
| Market | $26,120,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $26,120,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $26,120,000 |
| Exemptions (−) | −$60,698 |
|---|---|
| Taxable Value | $26,059,302 |
Appreciation: Market value has risen +18.1% from $22,109,200 (2021) to $26,120,000 (2025), a CAGR of 4.3% 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 $533,300. 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 20% of market value ($5,135,994 land vs $20,984,006 improvements), about $54/SF of land. Most value sits in the improvements, so building condition, age (~9 yrs), and rent roll drive the underwriting.
Submarket Position: At $26,120,000, 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 +4.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $32,171,651 by 2030, with an estimated annual tax burden around $606,031. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 55,273 SF | ✓ |
| 187 | PARKING GARAGE | 30,000 SF | ✓ |
| 411 | SOLAR DEVICES RESIDENTIAL | 72 SF | ✓ |
| 409 | SOLAR/WIND DEVICES COMM | 1 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% | $212,234.42 | $212,234.42 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $120,205.84 | $120,205.84 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $86,216.22 | $86,216.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $27,073.65 | $27,073.65 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $23,719.24 | $23,719.24 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $469,449.37 | $469,449.37 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $24,946,941 | $26,120,000 | -4.5% |
| Assessed Value | $24,946,941 | $26,120,000 | -4.5% |
| Land Value | $5,135,994 | $5,135,994 | +0.0% |
| Improvement Value | $19,810,947 | $20,984,006 | -5.6% |
| Taxable Value | $24,896,153 | $26,059,302 | -4.5% |
| Exemptions | — | N | |
| Total Tax 2026 = estimate |
~$509,496
Estimated
|
~$469,449
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $24,946,941 | $24,946,941 | +0 (+0.0%) |
| Taxable Value | $24,896,153 | $24,896,153 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $24,946,941 | $5,135,994 | $19,810,947 | — | $24,946,941 | $24,896,153 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $26,120,000 | $5,135,994 | $20,984,006 | — | $26,120,000 | $26,059,302 | ~$469,449 | Partial |
| 2024 | $25,503,515 | — | — | −$20,367,521 | $5,135,994 | $— | $456,119 | Verified |
| 2023 | $24,200,000 | — | — | −$19,064,006 | $5,135,994 | $— | $423,942 | Verified |
| 2022 | $— | — | — | — | $5,135,994 | $— | $457,293 | Verified |
| 2021 | $22,109,200 | — | — | −$16,973,206 | $5,135,994 | $— | $476,769 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.5% | -4.5% | ~100% | Not available | Partial |
| 2025 | +5.8% | +5.8% | ~100% | Not available | Partial |
| 2024 | -3.2% | -3.2% | ~100% | 1.8500% | Verified |
| 2023 | +5.4% | +5.4% | ~100% | 1.6600% | Verified |
| 2022 | +1.0% | +1.0% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.5% | +3.2% | +5.2% | +9.5% | 2023 | -4.5% | 2026 |
| Assessment Ratio | 100.0% | 52.9% | — | 100.0% | 2025 | 20.1% | 2024 |
| Effective Tax Rate (2025) | 1.8000% | 1.8000% | — | 1.8000% | 2025 | 1.8000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$469,449 | $456,570 | ~$577,031 | $476,769 | 2021 | $423,942 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$27,231,603 | ~$27,231,603 | ~2.0139% | ~$548,427 | +4.3% |
| 2027 | ~$28,390,513 | ~$28,390,513 | ~1.9814% | ~$562,526 | +8.7% |
| 2028 | ~$29,598,744 | ~$29,598,744 | ~1.9488% | ~$576,832 | +13.3% |
| 2029 | ~$30,858,394 | ~$30,858,394 | ~1.9163% | ~$591,337 | +18.1% |
| 2030 | ~$32,171,651 | ~$32,171,651 | ~1.8837% | ~$606,031 | +23.2% |
| 2026 | ~$26,709,203 | ~$26,709,203 | ~2.0465% | ~$546,600 | +2.3% |
| 2027 | ~$27,311,697 | ~$27,311,697 | ~2.0465% | ~$558,930 | +4.6% |
| 2028 | ~$27,927,782 | ~$27,927,782 | ~2.0465% | ~$571,538 | +6.9% |
| 2029 | ~$28,557,764 | ~$28,557,764 | ~2.0465% | ~$584,430 | +9.3% |
| 2030 | ~$29,201,957 | ~$29,201,957 | ~2.0465% | ~$597,614 | +11.8% |
| 2026 | ~$27,754,003 | ~$27,754,003 | ~1.9977% | ~$554,431 | +6.3% |
| 2027 | ~$29,490,225 | ~$29,490,225 | ~1.9488% | ~$574,717 | +12.9% |
| 2028 | ~$31,335,062 | ~$31,335,062 | ~1.9000% | ~$595,371 | +20.0% |
| 2029 | ~$33,295,306 | ~$33,295,306 | ~1.8512% | ~$616,361 | +27.5% |
| 2030 | ~$35,378,179 | ~$35,378,179 | ~1.8024% | ~$637,646 | +35.4% |
In 2025, this property's market value of $26,120,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 50× 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 | $26,120,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $25,503,515 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $24,200,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $22,109,200 | $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.