12701 GALLERIA PARKWAY TX 78738
| Owner | AVANTI HILLS LLC |
|---|---|
| Parcel ID | 0121600706 |
| Short ID | 821017 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 293,295 SF |
| Land SF | 415,476 SF |
| Acres | 9.538 |
| Year Built | 2008 |
| Legal | LOT 18 BLK A HILL COUNTRY GALLERIA AMENDED PLAT OF LTS 1-3,6-8&10-26 BLK A,LTS 1-3&6-8 BLK B & LOT BLK C & LOT 22A BLK A HILL COUNTRY GALLERIA AMD PLAT LOTS 1-3,6-8&10-26 BL A LOTS 1-3&5-8 BL B & LOT |
| Neighborhood | 08SW1 |
| Land | $4,601,911 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,601,911 |
| Improvement | $63,090,302 |
|---|---|
| Total Improvement | $63,090,302 |
| Market | $67,692,213 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $67,692,213 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $67,692,213 |
| Taxable Value | $67,692,213 |
|---|
Appreciation: Market value has risen +1823996.3% from $3,711 (2021) to $67,692,213 (2025), a CAGR of 1062.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2023), 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 6 taxing entities is 1.9331% in 2025 (+0.0553% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,308,587. Lake Travis ISD is the largest single contributor, at 53.8% 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 7% of market value ($4,601,911 land vs $63,090,302 improvements), about $11/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $67,692,213, 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 +1062.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $14,349,884,641,365 by 2030, with an estimated annual tax burden around $262,433,273,301. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 156,900 SF | ✓ |
| 1ST | 1st Floor | 97,765 SF | ✓ |
| 2ND | 2nd Floor | 97,765 SF | ✓ |
| 3RD | 3rd Floor | 97,765 SF | ✓ |
| MISC | Miscellaneous | 10,020 SF | ✓ |
| 601 | POOL COMM'L | 1,500 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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 |
|---|---|---|---|---|---|---|---|---|---|
| ILT Lake Travis ISD | 1.2301% | 1.2121% | 1.0741% | 1.0656% | 1.0397% | -0.0259% | $703,795.94 | $703,795.94 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $254,417.80 | $254,417.80 | Paid |
| RBC Travis County Bee Cave Rd Dist # 1 | 0.1973% | 0.2122% | 0.2285% | 0.2522% | 0.2892% | +0.0369% | $195,749.63 | $195,749.63 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $79,892.38 | $79,892.38 | Paid |
| E06 Travis County ESD # 06 | 0.1000% | 0.0867% | 0.0831% | 0.0876% | 0.0904% | +0.0028% | $61,193.08 | $61,193.08 | Paid |
| VBC City of Bee Cave | 0.0200% | 0.0200% | 0.0200% | 0.0200% | 0.0200% | +0.0000% | $13,538.44 | $13,538.44 | Paid |
| Combined Rate | 2.0166% | 1.9479% | 1.8111% | 1.8778% | 1.9331% | +0.0553% | $1,308,587.27 | $1,308,587.27 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $64,466,021 | $67,692,213 | -4.8% |
| Assessed Value | $64,466,021 | $67,692,213 | -4.8% |
| Land Value | $4,601,911 | $4,601,911 | +0.0% |
| Improvement Value | $59,864,110 | $63,090,302 | -5.1% |
| Taxable Value | $64,466,021 | $67,692,213 | -4.8% |
| Total Tax 2026 = estimate |
~$1,246,220
Estimated
|
~$1,308,587
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $64,466,021 | $64,466,021 | +0 (+0.0%) |
| Taxable Value | $64,466,021 | $64,466,021 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $64,466,021 | $4,601,911 | $59,864,110 | — | $64,466,021 | $64,466,021 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $67,692,213 | $4,601,911 | $63,090,302 | — | $67,692,213 | $67,692,213 | ~$1,308,587 | Partial |
| 2024 | $95,700,000 | — | — | −$95,696,318 | $3,682 | $— | $1,318,747 | Verified |
| 2023 | $85,900,000 | — | — | −$85,896,318 | $3,682 | $— | $1,443,048 | Verified |
| 2022 | $— | — | — | — | $3,682 | $— | $1,422,604 | Verified |
| 2021 | $3,711 | — | — | — | $3,711 | $— | $1,202,319 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.8% | -4.8% | ~100% | Not available | Partial |
| 2025 | -3.6% | -3.6% | ~100% | Not available | Partial |
| 2024 | -26.6% | -26.6% | ~100% | 1.8800% | Verified |
| 2023 | +11.4% | +11.4% | ~100% | 1.5100% | Verified |
| 2022 | +39.2% | +39.2% | ~100% | 1.6600% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.8% | +578654.3% | +1073.8% | +2314640.0% | 2023 | -29.3% | 2025 |
| Assessment Ratio | 100.0% | 60.0% | — | 100.0% | 2021 | 0.0% | 2023 |
| Effective Tax Rate (2025) | 1.9300% | 1.9300% | — | 1.9300% | 2025 | 1.9300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,308,587 | $1,318,175 | ~$57,489,605,466 | $1,443,048 | 2023 | $1,202,319 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$786,684,606 | ~$786,684,606 | ~1.9123% | ~$15,043,597 | +1062.1% |
| 2027 | ~$9,142,449,946 | ~$9,142,449,946 | ~1.8914% | ~$172,921,487 | +13405.9% |
| 2028 | ~$106,248,921,610 | ~$106,248,921,610 | ~1.8705% | ~$1,987,437,078 | +156858.9% |
| 2029 | ~$1,234,771,140,080 | ~$1,234,771,140,080 | ~1.8497% | ~$22,839,351,867 | +1823996.3% |
| 2030 | ~$14,349,884,641,365 | ~$14,349,884,641,365 | ~1.8288% | ~$262,433,273,301 | +21198622.9% |
| 2026 | ~$785,330,762 | ~$785,330,762 | ~1.9331% | ~$15,181,567 | +1060.1% |
| 2027 | ~$9,111,009,639 | ~$9,111,009,639 | ~1.9331% | ~$176,128,845 | +13359.5% |
| 2028 | ~$105,701,318,093 | ~$105,701,318,093 | ~1.9331% | ~$2,043,357,632 | +156049.9% |
| 2029 | ~$1,226,293,143,068 | ~$1,226,293,143,068 | ~1.9331% | ~$23,706,000,055 | +1811472.0% |
| 2030 | ~$14,226,831,792,277 | ~$14,226,831,792,277 | ~1.9331% | ~$275,025,002,914 | +21016840.0% |
| 2026 | ~$788,038,450 | ~$788,038,450 | ~1.9018% | ~$14,987,274 | +1064.1% |
| 2027 | ~$9,173,944,407 | ~$9,173,944,407 | ~1.8705% | ~$171,603,034 | +13452.4% |
| 2028 | ~$106,798,413,170 | ~$106,798,413,170 | ~1.8393% | ~$1,964,290,348 | +157670.6% |
| 2029 | ~$1,243,293,020,874 | ~$1,243,293,020,874 | ~1.8080% | ~$22,478,153,470 | +1836585.4% |
| 2030 | ~$14,473,787,483,085 | ~$14,473,787,483,085 | ~1.7767% | ~$257,149,341,377 | +21381661.4% |
In 2025, this property's market value of $67,692,213 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 130× 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 | $67,692,213 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $95,700,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $85,900,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $3,711 | $300,453 | $376,850 | $539,896 | ↓ Bottom 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.