501 BRAZOS ST APARTMENT 78701
| Owner | 5TH & BRAZOS PROPERTY OWNER LLC |
|---|---|
| Parcel ID | 0206032702 |
| Short ID | 958915 |
| Type | Real |
| Use Code | 108 Luxury Hi-Rise Apts 100+ |
| Valuation | Income |
| Improvement SF | 310,745 SF |
| Land SF | 16,196 SF |
| Acres | 0.372 |
| Year Built | 2020 |
| Legal | 5TH & BRAZOS CONDOMINIUM UNT APARTMENT UNIT 47.77%INT IN COMMON AREA |
| Neighborhood | CBD |
| Land | $8,097,805 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,097,805 |
| Improvement | $112,292,195 |
|---|---|
| Total Improvement | $112,292,195 |
| Market | $120,390,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $120,390,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $120,390,000 |
| Taxable Value | $120,390,000 |
|---|
Appreciation: Market value has risen +25.6% from $95,869,176 (2023) to $120,390,000 (2025), a CAGR of 12.1% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 fell -15.8%, 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 $2,463,763. 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 7% of market value ($8,097,805 land vs $112,292,195 improvements), about $500/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $120,390,000, 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 +12.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $212,749,704 by 2030, with an estimated annual tax burden around $3,652,375. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 310,745 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% | $1,113,848.28 | $1,113,848.28 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $630,864.07 | $630,864.07 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $452,479.80 | $452,479.80 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $142,087.89 | $142,087.89 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $124,483.26 | $124,483.26 | Paid |
| P2U | — | — | — | — | — | — | $110,898.25 | $110,898.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,574,661.55 | $2,574,661.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $117,240,000 | $120,390,000 | -2.6% |
| Assessed Value | $117,240,000 | $120,390,000 | -2.6% |
| Land Value | $22,673,854 | $8,097,805 | +180.0% |
| Improvement Value | $94,566,146 | $112,292,195 | -15.8% |
| Taxable Value | $117,240,000 | $120,390,000 | -2.6% |
| Total Tax 2026 = estimate |
~$2,399,299
Estimated
|
~$2,574,662
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $124,412,916 | $117,240,000 | -7,172,916 (-5.8%) |
| Taxable Value | $124,412,916 | $117,240,000 | -7,172,916 (-5.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $117,240,000 | $22,673,854 | $94,566,146 | — | $117,240,000 | $117,240,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $120,390,000 | $8,097,805 | $112,292,195 | — | $120,390,000 | $120,390,000 | ~$2,574,662 | Partial |
| 2024 | $116,840,361 | — | — | −$108,742,556 | $8,097,805 | $— | $3,006,256 | Verified |
| 2023 | $95,869,176 | — | — | −$87,415,676 | $8,453,500 | $— | $2,221,546 | Verified |
| 2022 | $— | — | — | — | $8,453,500 | $— | $1,988,712 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.3% | +3.3% | ~100% | Not available | Partial |
| 2025 | -16.9% | -16.9% | ~100% | Not available | Partial |
| 2024 | +24.1% | +24.1% | ~100% | 2.0700% | Verified |
| 2023 | +21.9% | +21.9% | ~100% | 1.9000% | Verified |
| 2022 | base year | — | ~100% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.6% | +7.4% | +12.7% | +21.9% | 2024 | -2.6% | 2026 |
| Assessment Ratio | 100.0% | 53.9% | — | 100.0% | 2025 | 6.9% | 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 |
$2,574,662 | $2,600,821 | ~$3,141,250 | $3,006,256 | 2024 | $2,221,546 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$134,910,616 | ~$132,429,000 | ~2.0139% | ~$2,667,036 | +12.1% |
| 2027 | ~$151,182,608 | ~$145,671,900 | ~1.9814% | ~$2,886,326 | +25.6% |
| 2028 | ~$169,417,217 | ~$160,239,090 | ~1.9488% | ~$3,122,803 | +40.7% |
| 2029 | ~$189,851,160 | ~$176,262,999 | ~1.9163% | ~$3,377,712 | +57.7% |
| 2030 | ~$212,749,704 | ~$193,889,299 | ~1.8837% | ~$3,652,375 | +76.7% |
| 2026 | ~$132,502,816 | ~$132,429,000 | ~2.0465% | ~$2,710,140 | +10.1% |
| 2027 | ~$145,834,340 | ~$145,671,900 | ~2.0465% | ~$2,981,154 | +21.1% |
| 2028 | ~$160,507,190 | ~$160,239,090 | ~2.0465% | ~$3,279,269 | +33.3% |
| 2029 | ~$176,656,323 | ~$176,262,999 | ~2.0465% | ~$3,607,196 | +46.7% |
| 2030 | ~$194,430,270 | ~$193,889,299 | ~2.0465% | ~$3,967,915 | +61.5% |
| 2026 | ~$137,318,416 | ~$132,429,000 | ~1.9977% | ~$2,645,484 | +14.1% |
| 2027 | ~$156,627,189 | ~$145,671,900 | ~1.9488% | ~$2,838,912 | +30.1% |
| 2028 | ~$178,651,030 | ~$160,239,090 | ~1.9000% | ~$3,044,570 | +48.4% |
| 2029 | ~$203,771,712 | ~$176,262,999 | ~1.8512% | ~$3,262,970 | +69.3% |
| 2030 | ~$232,424,692 | ~$193,889,299 | ~1.8024% | ~$3,494,605 | +93.1% |
In 2025, this property's market value of $120,390,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 232× 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 | $120,390,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $116,840,361 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $95,869,176 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
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.