RIATA TRACE PKWY TX 78727
| Owner | BPP ALPHABET MF RIATA LP |
|---|---|
| Parcel ID | 0166010405 |
| Short ID | 424194 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 301,224 SF |
| Land SF | 750,626 SF |
| Acres | 17.232 |
| Year Built | 1997 |
| Legal | 17.232 ACR OF LOT 1 BLK A RIATA SEC 1 |
| Neighborhood | 08FNW |
| Land | $7,506,259 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,506,259 |
| Improvement | $71,503,741 |
|---|---|
| Total Improvement | $71,503,741 |
| Market | $79,010,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $79,010,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $79,010,000 |
| Taxable Value | $79,010,000 |
|---|
Appreciation: Market value has risen +37.4% from $57,520,380 (2021) to $79,010,000 (2025), a CAGR of 8.3% 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 lagged the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0144% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,591,566. Round Rock ISD is the largest single contributor, at 44.3% 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 10% of market value ($7,506,259 land vs $71,503,741 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~29 yrs), and rent roll drive the underwriting.
Submarket Position: At $79,010,000, 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 +8.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $117,491,773 by 2030, with an estimated annual tax burden around $2,022,788. 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.
24 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 292,872 SF | ✗ |
| SO | Sketch Only | 238,876 SF | ✗ |
| 2ND | 2nd Floor | 123,537 SF | ✓ |
| 551 | PAVED AREA | 100,000 SF | ✗ |
| 3RD | 3rd Floor | 89,529 SF | ✓ |
| 1ST | 1st Floor | 88,158 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 35,628 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 33,323 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 29,862 SF | ✓ |
| 013C | PORCH OPEN 3 COMM | 29,376 SF | ✗ |
| 581C | STORAGE ATT COMM | 8,012 SF | ✓ |
| 611 | TERRACE | 2,328 SF | ✗ |
| 601 | POOL COMM'L | 1,088 SF | ✗ |
| 482 | LIGHT POLES | 28 SF | ✓ |
| MISC | Miscellaneous | 8 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 182 | SINK AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 222 | FOUNTAIN WTR AVG | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
| 549 | FENCE COMM FV | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IRR Round Rock ISD | 1.1336% | 1.0626% | 0.9190% | 0.8931% | 0.8931% | +0.0000% | $677,446.25 | $677,446.25 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $397,484.44 | $397,484.44 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $285,091.02 | $285,091.02 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $89,524.40 | $89,524.40 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $78,432.36 | $78,432.36 | Paid |
| Combined Rate | 2.2486% | 2.0409% | 1.8687% | 1.9244% | 2.0144% | +0.0900% | $1,527,978.47 | $1,527,978.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $70,779,841 | $79,010,000 | -10.4% |
| Assessed Value | $70,779,841 | $79,010,000 | -10.4% |
| Land Value | $7,506,259 | $7,506,259 | +0.0% |
| Improvement Value | $63,273,582 | $71,503,741 | -11.5% |
| Taxable Value | $70,779,841 | $79,010,000 | -10.4% |
| Total Tax 2026 = estimate |
~$1,425,778
Estimated
|
~$1,527,978
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $70,779,841 | $70,779,841 | +0 (+0.0%) |
| Taxable Value | $70,779,841 | $70,779,841 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $70,779,841 | $7,506,259 | $63,273,582 | — | $70,779,841 | $70,779,841 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $79,010,000 | $7,506,259 | $71,503,741 | — | $79,010,000 | $79,010,000 | ~$1,527,978 | Partial |
| 2024 | $73,382,538 | — | — | −$65,876,279 | $7,506,259 | $— | $1,494,991 | Verified |
| 2023 | $71,290,000 | — | — | −$63,783,741 | $7,506,259 | $— | $1,373,836 | Verified |
| 2022 | $— | — | — | — | $7,506,259 | $— | $1,386,296 | Verified |
| 2021 | $57,520,380 | — | — | −$50,014,121 | $7,506,259 | $— | $1,247,714 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.4% | -10.4% | ~100% | Not available | Partial |
| 2025 | -1.3% | -1.3% | ~100% | Not available | Partial |
| 2024 | +2.6% | +2.6% | ~100% | 1.8700% | Verified |
| 2023 | +9.4% | +9.4% | ~100% | 1.7600% | Verified |
| 2022 | +24.7% | +24.7% | ~100% | 1.9400% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.4% | +6.0% | +10.8% | +23.9% | 2023 | -10.4% | 2026 |
| Assessment Ratio | 100.0% | 46.7% | — | 100.0% | 2025 | 10.2% | 2024 |
| 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 |
$1,527,978 | $1,411,130 | ~$1,845,587 | $1,527,978 | 2025 | $1,247,714 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$85,535,646 | ~$85,535,646 | ~1.9558% | ~$1,672,937 | +8.3% |
| 2027 | ~$92,600,263 | ~$92,600,263 | ~1.8973% | ~$1,756,894 | +17.2% |
| 2028 | ~$100,248,365 | ~$100,248,365 | ~1.8387% | ~$1,843,306 | +26.9% |
| 2029 | ~$108,528,144 | ~$108,528,144 | ~1.7802% | ~$1,932,008 | +37.4% |
| 2030 | ~$117,491,773 | ~$117,491,773 | ~1.7216% | ~$2,022,788 | +48.7% |
| 2026 | ~$83,955,446 | ~$83,955,446 | ~2.0144% | ~$1,691,186 | +6.3% |
| 2027 | ~$89,210,441 | ~$89,210,441 | ~2.0144% | ~$1,797,042 | +12.9% |
| 2028 | ~$94,794,360 | ~$94,794,360 | ~2.0144% | ~$1,909,523 | +20.0% |
| 2029 | ~$100,727,791 | ~$100,727,791 | ~2.0144% | ~$2,029,046 | +27.5% |
| 2030 | ~$107,032,612 | ~$107,032,612 | ~2.0144% | ~$2,156,049 | +35.5% |
| 2026 | ~$87,115,846 | ~$86,911,000 | ~1.9266% | ~$1,674,395 | +10.3% |
| 2027 | ~$96,053,293 | ~$95,602,100 | ~1.8387% | ~$1,757,874 | +21.6% |
| 2028 | ~$105,907,656 | ~$105,162,310 | ~1.7509% | ~$1,841,305 | +34.0% |
| 2029 | ~$116,773,004 | ~$115,678,541 | ~1.6631% | ~$1,923,843 | +47.8% |
| 2030 | ~$128,753,057 | ~$127,246,395 | ~1.5753% | ~$2,004,476 | +63.0% |
In 2025, this property's market value of $79,010,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 152× 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 | $79,010,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $73,382,538 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $71,290,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $57,520,380 | $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.