12400 RIATA TRACE PKWY TX 78727
| Owner | BPP ALPHABET MF RIATA LP |
|---|---|
| Parcel ID | 0166010406 |
| Short ID | 745904 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 193,903 SF |
| Land SF | 451,848 SF |
| Acres | 10.373 |
| Year Built | 1998 |
| Legal | 10.373A OF LOT 1&2 BLK A RIATA SEC 1 |
| Neighborhood | 08FNW |
| Land | $4,518,479 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,518,479 |
| Improvement | $45,665,921 |
|---|---|
| Total Improvement | $45,665,921 |
| Market | $50,184,400 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $50,184,400 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $50,184,400 |
| Taxable Value | $50,184,400 |
|---|
Appreciation: Market value has risen +35.6% from $37,015,770 (2021) to $50,184,400 (2025), a CAGR of 7.9% over 4 years. This represents moderate, steady growth. 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 $1,010,907. 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 9% of market value ($4,518,479 land vs $45,665,921 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~28 yrs), and rent roll drive the underwriting.
Submarket Position: At $50,184,400, 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 +7.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $73,416,922 by 2030, with an estimated annual tax burden around $1,263,977. 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.
31 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 183,700 SF | ✗ |
| SO | Sketch Only | 163,259 SF | ✗ |
| 551 | PAVED AREA | 163,100 SF | ✗ |
| 2ND | 2nd Floor | 75,466 SF | ✓ |
| 1ST | 1st Floor | 65,375 SF | ✓ |
| 3RD | 3rd Floor | 53,062 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 33,431 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 24,589 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 20,858 SF | ✓ |
| 013C | PORCH OPEN 3 COMM | 15,440 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 9,512 SF | ✗ |
| 581C | STORAGE ATT COMM | 5,324 SF | ✓ |
| 602 | POOL RES CONC | 5,136 SF | ✗ |
| 435 | FENCE IRON LF | 4,000 SF | ✗ |
| 571C | STORAGE DET COMM | 2,900 SF | ✓ |
| 611 | TERRACE | 2,328 SF | ✗ |
| 601 | POOL COMM'L | 1,088 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 810 SF | ✗ |
| 482 | LIGHT POLES | 39 SF | ✓ |
| MISC | Miscellaneous | 8 SF | ✓ |
| 152 | COMMODE AVG | 3 SF | ✓ |
| 162 | LAVATORY AVG | 3 SF | ✓ |
| 182 | SINK AVG | 3 SF | ✓ |
| 192 | WATER HTR AVG | 3 SF | ✓ |
| 212 | URINAL AVG | 3 SF | ✓ |
| 522C | FIREPLACE COMM | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB 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% | $430,290.27 | $430,290.27 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $252,468.27 | $252,468.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $181,079.88 | $181,079.88 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $56,862.78 | $56,862.78 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $49,817.50 | $49,817.50 | Paid |
| Combined Rate | 2.2486% | 2.0409% | 1.8687% | 1.9244% | 2.0144% | +0.0900% | $970,518.70 | $970,518.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $45,507,510 | $50,184,400 | -9.3% |
| Assessed Value | $45,507,510 | $50,184,400 | -9.3% |
| Land Value | $4,518,479 | $4,518,479 | +0.0% |
| Improvement Value | $40,989,031 | $45,665,921 | -10.2% |
| Taxable Value | $45,507,510 | $50,184,400 | -9.3% |
| Total Tax 2026 = estimate |
~$916,696
Estimated
|
~$970,519
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $45,507,510 | $45,507,510 | +0 (+0.0%) |
| Taxable Value | $45,507,510 | $45,507,510 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $45,507,510 | $4,518,479 | $40,989,031 | — | $45,507,510 | $45,507,510 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $50,184,400 | $4,518,479 | $45,665,921 | — | $50,184,400 | $50,184,400 | ~$970,519 | Partial |
| 2024 | $47,188,297 | — | — | −$42,669,818 | $4,518,479 | $— | $949,559 | Verified |
| 2023 | $45,870,000 | — | — | −$41,351,521 | $4,518,479 | $— | $883,439 | Verified |
| 2022 | $— | — | — | — | $4,518,479 | $— | $891,982 | Verified |
| 2021 | $37,015,770 | — | — | −$32,497,291 | $4,518,479 | $— | $802,772 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.3% | -9.3% | ~100% | Not available | Partial |
| 2025 | -1.3% | -1.3% | ~100% | Not available | Partial |
| 2024 | +1.4% | +1.4% | ~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): +36.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.3% | +5.9% | +10.1% | +23.9% | 2023 | -9.3% | 2026 |
| Assessment Ratio | 100.0% | 46.3% | — | 100.0% | 2025 | 9.6% | 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 |
$970,519 | $901,572 | ~$1,160,466 | $970,519 | 2025 | $802,772 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$54,151,965 | ~$54,151,965 | ~1.9558% | ~$1,059,124 | +7.9% |
| 2027 | ~$58,433,205 | ~$58,433,205 | ~1.8973% | ~$1,108,646 | +16.4% |
| 2028 | ~$63,052,919 | ~$63,052,919 | ~1.8387% | ~$1,159,379 | +25.6% |
| 2029 | ~$68,037,866 | ~$68,037,866 | ~1.7802% | ~$1,211,204 | +35.6% |
| 2030 | ~$73,416,922 | ~$73,416,922 | ~1.7216% | ~$1,263,977 | +46.3% |
| 2026 | ~$53,148,277 | ~$53,148,277 | ~2.0144% | ~$1,070,611 | +5.9% |
| 2027 | ~$56,287,201 | ~$56,287,201 | ~2.0144% | ~$1,133,841 | +12.2% |
| 2028 | ~$59,611,508 | ~$59,611,508 | ~2.0144% | ~$1,200,805 | +18.8% |
| 2029 | ~$63,132,147 | ~$63,132,147 | ~2.0144% | ~$1,271,724 | +25.8% |
| 2030 | ~$66,860,715 | ~$66,860,715 | ~2.0144% | ~$1,346,832 | +33.2% |
| 2026 | ~$55,155,653 | ~$55,155,653 | ~1.9266% | ~$1,062,608 | +9.9% |
| 2027 | ~$60,619,358 | ~$60,619,358 | ~1.8387% | ~$1,114,632 | +20.8% |
| 2028 | ~$66,624,295 | ~$66,624,295 | ~1.7509% | ~$1,166,536 | +32.8% |
| 2029 | ~$73,224,080 | ~$73,224,080 | ~1.6631% | ~$1,217,785 | +45.9% |
| 2030 | ~$80,477,638 | ~$80,477,638 | ~1.5753% | ~$1,267,741 | +60.4% |
In 2025, this property's market value of $50,184,400 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 97× 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 | $50,184,400 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $47,188,297 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $45,870,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $37,015,770 | $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.