E M L KING JR BLVD TX
| Owner | MILLENNIUM EAST SIDE AUSTIN LLC |
|---|---|
| Parcel ID | 0210210902 |
| Short ID | 947938 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 250,800 SF |
| Land SF | 540,580 SF |
| Acres | 12.410 |
| Year Built | 2022 |
| Legal | ABS 22 SUR 29 TANNEHILL J C ACR 12.41 |
| Neighborhood | 1EA1 |
| Land | $10,811,592 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,811,592 |
| Improvement | $70,188,408 |
|---|---|
| Total Improvement | $70,188,408 |
| Market | $81,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $81,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $81,000,000 |
| Taxable Value | $81,000,000 |
|---|
Appreciation: Market value has risen +24603.2% from $327,893 (2021) to $81,000,000 (2025), a CAGR of 296.4% 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 $1,657,653. Austin ISD is the largest single contributor, at 45.2% 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 13% of market value ($10,811,592 land vs $70,188,408 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $81,000,000, 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 +296.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $79,327,927,997 by 2030, with an estimated annual tax burden around $2,457,367. 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 | 250,800 SF | ✓ |
Market value changed by 152% 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% | $749,412.00 | $749,412.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $424,453.77 | $424,453.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $304,434.45 | $304,434.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $95,598.63 | $95,598.63 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $83,754.00 | $83,754.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,657,652.85 | $1,657,652.85 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $63,960,000 | $81,000,000 | -21.0% |
| Assessed Value | $63,960,000 | $81,000,000 | -21.0% |
| Land Value | $10,811,592 | $10,811,592 | +0.0% |
| Improvement Value | $53,148,408 | $70,188,408 | -24.3% |
| Taxable Value | $63,960,000 | $81,000,000 | -21.0% |
| Total Tax 2026 = estimate |
~$1,308,932
Estimated
|
~$1,657,653
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $63,960,000 | $63,960,000 | +0 (+0.0%) |
| Taxable Value | $63,960,000 | $63,960,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $63,960,000 | $10,811,592 | $53,148,408 | — | $63,960,000 | $63,960,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $81,000,000 | $10,811,592 | $70,188,408 | — | $81,000,000 | $81,000,000 | ~$1,657,653 | Partial |
| 2024 | $10,915,872 | — | — | −$104,280 | $10,811,592 | $— | $973,860 | Verified |
| 2023 | $— | — | — | — | $5,405,796 | $— | $197,495 | Verified |
| 2022 | $— | — | — | — | $4,324,637 | $— | $85,408 | Verified |
| 2021 | $327,893 | — | — | — | $3,243,478 ! | $— | $70,600 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -21.0% | -21.0% | ~100% | Not available | Partial |
| 2025 | +64.8% | +64.8% | ~100% | Not available | Partial |
| 2024 | +350.2% ! | +350.2% | ~100% | 1.9800% | Verified |
| 2023 | +152.4% ! | +152.4% | ~100% | 1.8100% | Verified |
| 2022 | +33.3% | +33.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 21.5300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2397.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -21.0% | +1283.4% | +317.6% | +3229.1% | 2024 | -21.0% | 2026 |
| Assessment Ratio | 100.0% | 322.1% | — | 989.2% | 2021 | 99.0% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,657,653 | $900,704 | ~$2,113,475 | $1,657,653 | 2025 | $70,600 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$321,124,349 | ~$89,100,000 | ~2.0139% | ~$1,794,417 | +296.4% |
| 2027 | ~$1,273,096,886 | ~$98,010,000 | ~1.9814% | ~$1,941,958 | +1471.7% |
| 2028 | ~$5,047,190,234 | ~$107,811,000 | ~1.9488% | ~$2,101,063 | +6131.1% |
| 2029 | ~$20,009,576,295 | ~$118,592,100 | ~1.9163% | ~$2,272,570 | +24603.2% |
| 2030 | ~$79,327,927,997 | ~$130,451,310 | ~1.8837% | ~$2,457,367 | +97835.7% |
| 2026 | ~$319,504,349 | ~$89,100,000 | ~2.0465% | ~$1,823,418 | +294.4% |
| 2027 | ~$1,260,284,312 | ~$98,010,000 | ~2.0465% | ~$2,005,760 | +1455.9% |
| 2028 | ~$4,971,189,122 | ~$107,811,000 | ~2.0465% | ~$2,206,336 | +6037.3% |
| 2029 | ~$19,608,846,245 | ~$118,592,100 | ~2.0465% | ~$2,426,970 | +24108.5% |
| 2030 | ~$77,347,057,538 | ~$130,451,310 | ~2.0465% | ~$2,669,666 | +95390.2% |
| 2026 | ~$322,744,349 | ~$89,100,000 | ~1.9977% | ~$1,779,917 | +298.4% |
| 2027 | ~$1,285,974,259 | ~$98,010,000 | ~1.9488% | ~$1,910,058 | +1487.6% |
| 2028 | ~$5,123,962,045 | ~$107,811,000 | ~1.9000% | ~$2,048,427 | +6225.9% |
| 2029 | ~$20,416,417,235 | ~$118,592,100 | ~1.8512% | ~$2,195,370 | +25105.5% |
| 2030 | ~$81,349,176,493 | ~$130,451,310 | ~1.8024% | ~$2,351,217 | +100331.1% |
In 2025, this property's market value of $81,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 156× 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 | $81,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $10,915,872 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $327,893 | $300,453 | $376,850 | $539,896 | ↓ Below median | 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.