301 BRAZOS ST TX 78701
| Owner | KRE LONGHORN OWNER LLC |
|---|---|
| Parcel ID | 0205021102 |
| Short ID | 192849 |
| Type | Real |
| Use Code | 108 Luxury Hi-Rise Apts 100+ |
| Valuation | Income |
| Improvement SF | 126,342 SF |
| Land SF | 35,328 SF |
| Acres | 0.811 |
| Year Built | 2013 |
| Legal | LOT 1-6 BLOCK 031 ORIGINAL CITY (TOTAL SQ FT 35328) |
| Neighborhood | 08HIR |
| Land | $45,926,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $45,926,400 |
| Improvement | $51,983,600 |
|---|---|
| Total Improvement | $51,983,600 |
| Market | $97,910,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $97,910,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $97,910,000 |
| Taxable Value | $97,910,000 |
|---|
Appreciation: Market value has risen +3023.4% from $3,134,741 (2021) to $97,910,000 (2025), a CAGR of 136.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $2,003,713. Austin ISD is the largest single contributor, at 43.3% 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 47% of market value ($45,926,400 land vs $51,983,600 improvements), about $1,300/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $97,910,000, 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 +136.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,229,508,681 by 2030, with an estimated annual tax burden around $2,970,380. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 418,534 SF | ✗ |
| 187 | PARKING GARAGE | 282,758 SF | ✓ |
| ADDL | Additional Floor | 250,142 SF | ✓ |
| 1ST | 1st Floor | 45,594 SF | ✓ |
| 3RD | 3rd Floor | 41,342 SF | ✓ |
| 4TH | 4th Floor | 41,342 SF | ✓ |
| 2ND | 2nd Floor | 39,406 SF | ✓ |
| 5TH | 5th Floor | 38,890 SF | ✓ |
| MISC | Miscellaneous | 19,266 SF | ✓ |
| 601 | POOL COMM'L | 4,000 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 2 SF | ✓ |
| 276 | ELEVATOR COM PAS | 2 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $905,863.32 | $905,863.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $513,065.04 | $513,065.04 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $367,989.84 | $367,989.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $115,556.32 | $115,556.32 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $101,238.94 | $101,238.94 | Paid |
| P2U | — | — | — | — | — | — | $90,104.25 | $90,104.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,093,817.71 | $2,093,817.71 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $96,430,000 | $97,910,000 | -1.5% |
| Assessed Value | $96,430,000 | $97,910,000 | -1.5% |
| Land Value | $42,393,600 | $45,926,400 | -7.7% |
| Improvement Value | $54,036,400 | $51,983,600 | +3.9% |
| Taxable Value | $96,430,000 | $97,910,000 | -1.5% |
| Total Tax 2026 = estimate |
~$1,973,425
Estimated
|
~$2,093,818
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $104,202,820 | $96,430,000 | -7,772,820 (-7.5%) |
| Taxable Value | $104,202,820 | $96,430,000 | -7,772,820 (-7.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $96,430,000 | $42,393,600 | $54,036,400 | — | $96,430,000 | $96,430,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $97,910,000 | $45,926,400 | $51,983,600 | — | $97,910,000 | $97,910,000 | ~$2,093,818 | Partial |
| 2024 | $112,700,000 | — | — | — | — | $— | $2,036,782 | Verified |
| 2023 | $106,400,000 | — | — | — | — | $— | $2,058,058 | Verified |
| 2022 | $112,000,000 | — | — | — | — | $— | $2,212,745 | Verified |
| 2021 | $3,134,741 | — | — | — | — | $— | $2,373,271 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.4% | +6.4% | ~100% | Not available | Partial |
| 2025 | -4.3% | -4.3% | ~100% | Not available | Partial |
| 2024 | -9.2% | -9.2% | ~100% | 1.9900% | Verified |
| 2023 | +0.6% | +0.6% | ~100% | 1.8300% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2021 | base year | — | ~100% | 75.7100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -12.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.5% | +691.8% | +137.1% | +3472.9% | 2022 | -13.1% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,093,818 | $2,154,935 | ~$2,554,696 | $2,373,271 | 2021 | $2,036,782 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$231,463,970 | ~$107,701,000 | ~2.0139% | ~$2,169,030 | +136.4% |
| 2027 | ~$547,192,006 | ~$118,471,100 | ~1.9814% | ~$2,347,372 | +458.9% |
| 2028 | ~$1,293,588,334 | ~$130,318,210 | ~1.9488% | ~$2,539,693 | +1221.2% |
| 2029 | ~$3,058,105,311 | ~$143,350,031 | ~1.9163% | ~$2,747,004 | +3023.4% |
| 2030 | ~$7,229,508,681 | ~$157,685,034 | ~1.8837% | ~$2,970,380 | +7283.8% |
| 2026 | ~$229,505,770 | ~$107,701,000 | ~2.0465% | ~$2,204,085 | +134.4% |
| 2027 | ~$537,972,611 | ~$118,471,100 | ~2.0465% | ~$2,424,493 | +449.5% |
| 2028 | ~$1,261,033,787 | ~$130,318,210 | ~2.0465% | ~$2,666,943 | +1188.0% |
| 2029 | ~$2,955,924,114 | ~$143,350,031 | ~2.0465% | ~$2,933,637 | +2919.0% |
| 2030 | ~$6,928,828,913 | ~$157,685,034 | ~2.0465% | ~$3,227,001 | +6976.7% |
| 2026 | ~$233,422,170 | ~$107,701,000 | ~1.9977% | ~$2,151,502 | +138.4% |
| 2027 | ~$556,489,728 | ~$118,471,100 | ~1.9488% | ~$2,308,812 | +468.4% |
| 2028 | ~$1,326,698,395 | ~$130,318,210 | ~1.9000% | ~$2,476,068 | +1255.0% |
| 2029 | ~$3,162,913,061 | ~$143,350,031 | ~1.8512% | ~$2,653,687 | +3130.4% |
| 2030 | ~$7,540,537,526 | ~$157,685,034 | ~1.8024% | ~$2,842,070 | +7601.5% |
In 2025, this property's market value of $97,910,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 188× 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 | $97,910,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $112,700,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $106,400,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $112,000,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,134,741 | $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.