RIATA TRACE PKWY TX 78727
| Owner | BPP ALPHABET MF RIATA LP |
|---|---|
| Parcel ID | 0168010126 |
| Short ID | 440078 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 166,235 SF |
| Land SF | 533,654 SF |
| Acres | 12.251 |
| Year Built | 1999 |
| Legal | 12.251 AC OF LOT 1 BLK A RIATA SEC 1 |
| Neighborhood | 08FNW |
| Land | $5,336,536 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,336,536 |
| Improvement | $38,313,464 |
|---|---|
| Total Improvement | $38,313,464 |
| Market | $43,650,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $43,650,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $43,650,000 |
| Taxable Value | $43,650,000 |
|---|
Appreciation: Market value has risen +37.3% from $31,791,690 (2021) to $43,650,000 (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 $879,279. 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 12% of market value ($5,336,536 land vs $38,313,464 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~27 yrs), and rent roll drive the underwriting.
Submarket Position: At $43,650,000, 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 $64,874,278 by 2030, with an estimated annual tax burden around $1,116,903. 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 |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 166,235 SF | ✗ |
| 551 | PAVED AREA | 153,335 SF | ✗ |
| 2ND | 2nd Floor | 104,712 SF | ✓ |
| SO | Sketch Only | 80,302 SF | ✗ |
| 1ST | 1st Floor | 61,523 SF | ✓ |
| 041C | GARAGE ATT 1ST COMM | 50,488 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 28,832 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 26,024 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 2,259 SF | ✗ |
| 601 | POOL COMM'L | 797 SF | ✗ |
| 581C | STORAGE ATT COMM | 412 SF | ✓ |
| 482 | LIGHT POLES | 14 SF | ✓ |
| MISC | Miscellaneous | 6 SF | ✓ |
| 522C | FIREPLACE COMM | 2 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 | ✓ |
| 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% | $374,263.12 | $374,263.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $219,594.94 | $219,594.94 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $157,501.87 | $157,501.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $49,458.80 | $49,458.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $43,330.88 | $43,330.88 | Paid |
| Combined Rate | 2.2486% | 2.0409% | 1.8687% | 1.9244% | 2.0144% | +0.0900% | $844,149.61 | $844,149.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $39,060,921 | $43,650,000 | -10.5% |
| Assessed Value | $39,060,921 | $43,650,000 | -10.5% |
| Land Value | $5,336,536 | $5,336,536 | +0.0% |
| Improvement Value | $33,724,385 | $38,313,464 | -12.0% |
| Taxable Value | $39,060,921 | $43,650,000 | -10.5% |
| Total Tax 2026 = estimate |
~$786,837
Estimated
|
~$844,150
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $39,060,921 | $39,060,921 | +0 (+0.0%) |
| Taxable Value | $39,060,921 | $39,060,921 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $39,060,921 | $5,336,536 | $33,724,385 | — | $39,060,921 | $39,060,921 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $43,650,000 | $5,336,536 | $38,313,464 | — | $43,650,000 | $43,650,000 | ~$844,150 | Partial |
| 2024 | $40,528,580 | — | — | −$35,192,044 | $5,336,536 | $— | $826,547 | Verified |
| 2023 | $39,400,000 | — | — | −$34,063,464 | $5,336,536 | $— | $758,758 | Verified |
| 2022 | $— | — | — | — | $5,336,536 | $— | $766,167 | Verified |
| 2021 | $31,791,690 | — | — | −$26,455,154 | $5,336,536 | $— | $689,463 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.5% | -10.5% | ~100% | Not available | Partial |
| 2025 | -1.4% | -1.4% | ~100% | Not available | Partial |
| 2024 | +2.8% | +2.8% | ~100% | 1.8700% | Verified |
| 2023 | +9.4% | +9.4% | ~100% | 1.7600% | Verified |
| 2022 | +24.8% | +24.8% | ~100% | 1.9400% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.5% | +6.0% | +10.8% | +23.9% | 2023 | -10.5% | 2026 |
| Assessment Ratio | 100.0% | 48.7% | — | 100.0% | 2025 | 13.2% | 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 |
$844,150 | $779,730 | ~$1,019,272 | $844,150 | 2025 | $689,463 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$47,250,010 | ~$47,250,010 | ~1.9558% | ~$924,133 | +8.2% |
| 2027 | ~$51,146,929 | ~$51,146,929 | ~1.8973% | ~$970,405 | +17.2% |
| 2028 | ~$55,365,245 | ~$55,365,245 | ~1.8387% | ~$1,018,023 | +26.8% |
| 2029 | ~$59,931,463 | ~$59,931,463 | ~1.7802% | ~$1,066,895 | +37.3% |
| 2030 | ~$64,874,278 | ~$64,874,278 | ~1.7216% | ~$1,116,903 | +48.6% |
| 2026 | ~$46,377,010 | ~$46,377,010 | ~2.0144% | ~$934,212 | +6.2% |
| 2027 | ~$49,274,389 | ~$49,274,389 | ~2.0144% | ~$992,576 | +12.9% |
| 2028 | ~$52,352,780 | ~$52,352,780 | ~2.0144% | ~$1,054,587 | +19.9% |
| 2029 | ~$55,623,491 | ~$55,623,491 | ~2.0144% | ~$1,120,471 | +27.4% |
| 2030 | ~$59,098,539 | ~$59,098,539 | ~2.0144% | ~$1,190,472 | +35.4% |
| 2026 | ~$48,123,010 | ~$48,015,000 | ~1.9266% | ~$925,039 | +10.2% |
| 2027 | ~$53,054,390 | ~$52,816,500 | ~1.8387% | ~$971,158 | +21.5% |
| 2028 | ~$58,491,110 | ~$58,098,150 | ~1.7509% | ~$1,017,250 | +34.0% |
| 2029 | ~$64,484,954 | ~$63,907,965 | ~1.6631% | ~$1,062,850 | +47.7% |
| 2030 | ~$71,093,015 | ~$70,298,762 | ~1.5753% | ~$1,107,396 | +62.9% |
In 2025, this property's market value of $43,650,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 84× 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 | $43,650,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $40,528,580 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $39,400,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $31,791,690 | $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.