RIATA TRACE PKWY TX
| Owner | BPP ALPHABET MF RIATA LP |
|---|---|
| Parcel ID | 0166010701 |
| Short ID | 439992 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 174,258 SF |
| Land SF | 630,574 SF |
| Acres | 14.476 |
| Year Built | 1997 |
| Legal | 14.476 ACR OF LOT 1 BLK A RIATA SEC 1 |
| Neighborhood | 08FNW |
| Land | $6,305,740 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,305,740 |
| Improvement | $39,474,260 |
|---|---|
| Total Improvement | $39,474,260 |
| Market | $45,780,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $45,780,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $45,780,000 |
| Taxable Value | $45,780,000 |
|---|
Appreciation: Market value has risen +37.3% from $33,351,320 (2021) to $45,780,000 (2025), a CAGR of 8.2% 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 $922,185. 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 14% of market value ($6,305,740 land vs $39,474,260 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 $45,780,000, 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 +8.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $68,018,843 by 2030, with an estimated annual tax burden around $1,171,041. 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.
21 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 186,428 SF | ✗ |
| 551 | PAVED AREA | 170,262 SF | ✗ |
| 2ND | 2nd Floor | 106,925 SF | ✓ |
| 1ST | 1st Floor | 67,333 SF | ✓ |
| 041C | GARAGE ATT 1ST COMM | 53,912 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 22,869 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 15,540 SF | ✗ |
| 611 | TERRACE | 2,328 SF | ✗ |
| 601 | POOL COMM'L | 1,088 SF | ✗ |
| 571C | STORAGE DET COMM | 962 SF | ✓ |
| 061C | CARPORT ATT 1ST COMM | 468 SF | ✗ |
| 482 | LIGHT POLES | 30 SF | ✓ |
| MISC | Miscellaneous | 7 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 | ✓ |
| 212 | URINAL AVG | 1 SF | ✓ |
| 521 | FIREPLACE | 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% | $392,526.13 | $392,526.13 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $230,310.56 | $230,310.56 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $165,187.53 | $165,187.53 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $51,872.26 | $51,872.26 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $45,445.31 | $45,445.31 | Paid |
| Combined Rate | 2.2486% | 2.0409% | 1.8687% | 1.9244% | 2.0144% | +0.0900% | $885,341.79 | $885,341.79 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $40,946,118 | $45,780,000 | -10.6% |
| Assessed Value | $40,946,118 | $45,780,000 | -10.6% |
| Land Value | $6,305,740 | $6,305,740 | +0.0% |
| Improvement Value | $34,640,378 | $39,474,260 | -12.2% |
| Taxable Value | $40,946,118 | $45,780,000 | -10.6% |
| Total Tax 2026 = estimate |
~$824,812
Estimated
|
~$885,342
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $40,946,118 | $40,946,118 | +0 (+0.0%) |
| Taxable Value | $40,946,118 | $40,946,118 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $40,946,118 | $6,305,740 | $34,640,378 | — | $40,946,118 | $40,946,118 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $45,780,000 | $6,305,740 | $39,474,260 | — | $45,780,000 | $45,780,000 | ~$885,342 | Partial |
| 2024 | $42,539,061 | — | — | −$36,233,321 | $6,305,740 | $— | $866,867 | Verified |
| 2023 | $41,330,000 | — | — | −$35,024,260 | $6,305,740 | $— | $796,398 | Verified |
| 2022 | $— | — | — | — | $6,305,740 | $— | $803,698 | Verified |
| 2021 | $33,351,320 | — | — | −$27,045,580 | $6,305,740 | $— | $723,521 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.6% | -10.6% | ~100% | Not available | Partial |
| 2025 | -1.4% | -1.4% | ~100% | Not available | Partial |
| 2024 | +2.7% | +2.7% | ~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): +38.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.6% | +5.9% | +10.8% | +23.9% | 2023 | -10.6% | 2026 |
| Assessment Ratio | 100.0% | 49.8% | — | 100.0% | 2025 | 14.8% | 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 |
$885,342 | $818,032 | ~$1,068,804 | $885,342 | 2025 | $723,521 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$49,552,604 | ~$49,552,604 | ~1.9558% | ~$969,168 | +8.2% |
| 2027 | ~$53,636,097 | ~$53,636,097 | ~1.8973% | ~$1,017,631 | +17.2% |
| 2028 | ~$58,056,100 | ~$58,056,100 | ~1.8387% | ~$1,067,500 | +26.8% |
| 2029 | ~$62,840,343 | ~$62,840,343 | ~1.7802% | ~$1,118,678 | +37.3% |
| 2030 | ~$68,018,843 | ~$68,018,843 | ~1.7216% | ~$1,171,041 | +48.6% |
| 2026 | ~$48,637,004 | ~$48,637,004 | ~2.0144% | ~$979,737 | +6.2% |
| 2027 | ~$51,672,305 | ~$51,672,305 | ~2.0144% | ~$1,040,879 | +12.9% |
| 2028 | ~$54,897,031 | ~$54,897,031 | ~2.0144% | ~$1,105,838 | +19.9% |
| 2029 | ~$58,323,004 | ~$58,323,004 | ~2.0144% | ~$1,174,850 | +27.4% |
| 2030 | ~$61,962,782 | ~$61,962,782 | ~2.0144% | ~$1,248,169 | +35.3% |
| 2026 | ~$50,468,204 | ~$50,358,000 | ~1.9266% | ~$970,178 | +10.2% |
| 2027 | ~$55,636,513 | ~$55,393,800 | ~1.8387% | ~$1,018,548 | +21.5% |
| 2028 | ~$61,334,095 | ~$60,933,180 | ~1.7509% | ~$1,066,889 | +34.0% |
| 2029 | ~$67,615,151 | ~$67,026,498 | ~1.6631% | ~$1,114,714 | +47.7% |
| 2030 | ~$74,539,432 | ~$73,729,148 | ~1.5753% | ~$1,161,434 | +62.8% |
In 2025, this property's market value of $45,780,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 88× 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 | $45,780,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $42,539,061 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $41,330,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $33,351,320 | $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.