321 W 6 ST TX 78701
| Owner | 321 W 6TH STREET OWNER LLC |
|---|---|
| Parcel ID | 0206011302 |
| Short ID | 194289 |
| Type | Real |
| Use Code | 108 Luxury Hi-Rise Apts 100+ |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 20,659 SF |
| Acres | 0.474 |
| Year Built | — |
| Legal | LOT A AMERICAN RESUB NO 1 (TOTAL SQ FT 14944) |
| Neighborhood | 58CBD |
| Land | $17,188,288 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $17,188,288 |
| Improvement | $125,695,220 |
|---|---|
| Total Improvement | $125,695,220 |
| Market | $142,883,508 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $142,883,508 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $142,883,508 |
| Taxable Value | $142,883,508 |
|---|
Appreciation: Market value has risen +1738.5% from $7,771,880 (2021) to $142,883,508 (2025), a CAGR of 107.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $2,924,090. 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 12% of market value ($17,188,288 land vs $125,695,220 improvements), about $832/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $142,883,508, 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 +107.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,439,414,149 by 2030, with an estimated annual tax burden around $4,334,780. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| ADDL | Additional Floor | 403,076 SF | ✓ |
Market value changed by 402% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $1,321,958.22 | $1,321,958.22 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $748,733.87 | $748,733.87 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $537,020.52 | $537,020.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $168,635.40 | $168,635.40 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $147,741.55 | $147,741.55 | Paid |
| P2U | — | — | — | — | — | — | $131,704.74 | $131,704.74 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,055,794.30 | $3,055,794.30 | Paid |
| 2026 Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | — | $142,883,508 | — |
| Assessed Value | — | $142,883,508 | — |
| Land Value | — | $17,188,288 | — |
| Improvement Value | — | $125,695,220 | — |
| Taxable Value | — | $142,883,508 | — |
| Total Tax | Pending certification |
~$3,055,794
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | $142,883,508 | $17,188,288 | $125,695,220 | — | $142,883,508 | $142,883,508 | ~$3,055,794 | Partial |
| 2024 | $39,017,683 | — | — | −$26,584,275 | $12,433,408 | $— | $1,030,710 | Verified |
| 2023 | $— | — | — | — | $7,770,880 | $— | $741,555 | Verified |
| 2022 | $7,473,000 | — | — | — | $7,770,880 ! | $— | $160,740 | Verified |
| 2021 | $7,771,880 | — | — | −$1,000 | $7,770,880 | $— | $169,949 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2025 | +187.4% ! | +187.4% | ~100% | Not available | Partial |
| 2024 | +27.4% | +27.4% | ~100% | 2.0700% | Verified |
| 2023 | +402.1% ! | +402.1% | ~100% | 1.9000% | Verified |
| 2022 | -0.0% | -0.0% | ~100% | 2.0700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1738.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +266.2% | +228.2% | +107.1% | +422.1% | 2024 | -3.8% | 2022 |
| Assessment Ratio | 100.0% | 84.0% | — | 104.0% | 2022 | 31.9% | 2024 |
| 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 |
$3,055,794 | $1,104,298 | ~$3,728,157 | $3,055,794 | 2025 | $160,740 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$295,866,714 | ~$157,171,859 | ~2.0139% | ~$3,165,341 | +107.1% |
| 2027 | ~$612,646,721 | ~$172,889,045 | ~1.9814% | ~$3,425,603 | +328.8% |
| 2028 | ~$1,268,598,278 | ~$190,177,949 | ~1.9488% | ~$3,706,263 | +787.9% |
| 2029 | ~$2,626,867,226 | ~$209,195,744 | ~1.9163% | ~$4,008,799 | +1738.5% |
| 2030 | ~$5,439,414,149 | ~$230,115,318 | ~1.8837% | ~$4,334,780 | +3706.9% |
| 2026 | ~$293,009,044 | ~$157,171,859 | ~2.0465% | ~$3,216,499 | +105.1% |
| 2027 | ~$600,869,205 | ~$172,889,045 | ~2.0465% | ~$3,538,148 | +320.5% |
| 2028 | ~$1,232,193,372 | ~$190,177,949 | ~2.0465% | ~$3,891,963 | +762.4% |
| 2029 | ~$2,526,840,271 | ~$209,195,744 | ~2.0465% | ~$4,281,160 | +1668.5% |
| 2030 | ~$5,181,753,044 | ~$230,115,318 | ~2.0465% | ~$4,709,275 | +3526.6% |
| 2026 | ~$298,724,384 | ~$157,171,859 | ~1.9977% | ~$3,139,763 | +109.1% |
| 2027 | ~$624,538,543 | ~$172,889,045 | ~1.9488% | ~$3,369,330 | +337.1% |
| 2028 | ~$1,305,713,265 | ~$190,177,949 | ~1.9000% | ~$3,613,413 | +813.8% |
| 2029 | ~$2,729,834,931 | ~$209,195,744 | ~1.8512% | ~$3,872,619 | +1810.5% |
| 2030 | ~$5,707,224,513 | ~$230,115,318 | ~1.8024% | ~$4,147,532 | +3894.3% |
In 2025, this property's market value of $142,883,508 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 275× 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 | $142,883,508 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $39,017,683 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | $7,473,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $7,771,880 | $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.