812 W 23 ST TX 78705
| Owner | 715 WEST 23RD AUSTIN LLC |
|---|---|
| Parcel ID | 0212010215 |
| Short ID | 203450 |
| Type | Real |
| Use Code | 108 Luxury Hi-Rise Apts 100+ |
| Valuation | Income |
| Improvement SF | 339,926 SF |
| Land SF | 58,503 SF |
| Acres | 1.343 |
| Year Built | 2021 |
| Legal | 1.2028 AC OF LOTS 28-32 & 0.1402 AC OF LOTS 25-27 OLT 38 DIV F WOOLDRIDGE MARY ANN RESUB PLUS 1/2 ADJ VAC ALLEY (TOTAL ACR: 1.3430) |
| Neighborhood | 08WC |
| Land | $13,163,175 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $13,163,175 |
| Improvement | $144,576,825 |
|---|---|
| Total Improvement | $144,576,825 |
| Market | $157,740,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $157,740,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $157,740,000 |
| Taxable Value | $157,740,000 |
|---|
Appreciation: Market value has risen +1897.2% from $7,897,905 (2021) to $157,740,000 (2025), a CAGR of 111.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→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 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 $3,228,125. 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 8% of market value ($13,163,175 land vs $144,576,825 improvements), about $225/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $157,740,000, 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 +111.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,660,076,999 by 2030, with an estimated annual tax burden around $125,458,701. 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 | 339,926 SF | ✓ |
Market value changed by 381% in 2022, 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% | $1,459,410.48 | $1,459,410.48 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $826,584.42 | $826,584.42 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $592,857.90 | $592,857.90 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $186,169.48 | $186,169.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $163,103.16 | $163,103.16 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $3,228,125.44 | $3,228,125.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $144,570,000 | $157,740,000 | -8.3% |
| Assessed Value | $144,570,000 | $157,740,000 | -8.3% |
| Land Value | $8,775,450 | $13,163,175 | -33.3% |
| Improvement Value | $135,794,550 | $144,576,825 | -6.1% |
| Taxable Value | $144,570,000 | $157,740,000 | -8.3% |
| Total Tax 2026 = estimate |
~$2,958,603
Estimated
|
~$3,228,125
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $144,570,000 | $144,570,000 | +0 (+0.0%) |
| Taxable Value | $144,570,000 | $144,570,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $144,570,000 | $8,775,450 | $135,794,550 | — | $144,570,000 | $144,570,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $157,740,000 | $13,163,175 | $144,576,825 | — | $157,740,000 | $157,740,000 | ~$3,228,125 | Partial |
| 2024 | $189,000,000 | — | — | −$175,836,825 | $13,163,175 | $— | $2,812,395 | Verified |
| 2023 | $182,000,000 | — | — | −$168,836,825 | $13,163,175 | $— | $3,419,477 | Verified |
| 2022 | $39,901,938 | — | — | −$32,004,033 | $7,897,905 | $— | $3,600,933 | Verified |
| 2021 | $7,897,905 | — | — | — | $7,897,905 | $— | $868,537 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.3% | -8.3% | ~100% | Not available | Partial |
| 2025 | -11.1% | -11.1% | ~100% | Not available | Partial |
| 2024 | -10.6% | -10.6% | ~100% | 1.5900% | Verified |
| 2023 | +3.4% | +3.4% | ~100% | 1.7200% | Verified |
| 2022 | +380.9% ! | +380.9% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 11.0000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +295.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.3% | +148.1% | +115.3% | +405.2% | 2022 | -16.5% | 2025 |
| Assessment Ratio | 100.0% | 55.7% | — | 100.0% | 2021 | 7.0% | 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 |
$3,228,125 | $2,785,894 | ~$47,111,361 | $3,600,933 | 2022 | $868,537 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$333,464,279 | ~$333,464,279 | ~2.0139% | ~$6,715,759 | +111.4% |
| 2027 | ~$704,947,544 | ~$704,947,544 | ~1.9814% | ~$13,967,746 | +346.9% |
| 2028 | ~$1,490,267,686 | ~$1,490,267,686 | ~1.9488% | ~$29,042,925 | +844.8% |
| 2029 | ~$3,150,444,023 | ~$3,150,444,023 | ~1.9163% | ~$60,371,675 | +1897.2% |
| 2030 | ~$6,660,076,999 | ~$6,660,076,999 | ~1.8837% | ~$125,458,701 | +4122.2% |
| 2026 | ~$330,309,479 | ~$330,309,479 | ~2.0465% | ~$6,759,734 | +109.4% |
| 2027 | ~$691,672,069 | ~$691,672,069 | ~2.0465% | ~$14,154,965 | +338.5% |
| 2028 | ~$1,448,369,729 | ~$1,448,369,729 | ~2.0465% | ~$29,640,669 | +818.2% |
| 2029 | ~$3,032,903,836 | ~$3,032,903,836 | ~2.0465% | ~$62,067,922 | +1822.7% |
| 2030 | ~$6,350,937,538 | ~$6,350,937,538 | ~2.0465% | ~$129,970,984 | +3926.2% |
| 2026 | ~$336,619,079 | ~$336,619,079 | ~1.9977% | ~$6,724,512 | +113.4% |
| 2027 | ~$718,349,211 | ~$718,349,211 | ~1.9488% | ~$13,999,473 | +355.4% |
| 2028 | ~$1,532,965,958 | ~$1,532,965,958 | ~1.9000% | ~$29,126,610 | +871.8% |
| 2029 | ~$3,271,368,008 | ~$3,271,368,008 | ~1.8512% | ~$60,559,368 | +1973.9% |
| 2030 | ~$6,981,139,135 | ~$6,981,139,135 | ~1.8024% | ~$125,826,045 | +4325.7% |
In 2025, this property's market value of $157,740,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 303× 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 | $157,740,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $189,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $182,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $39,901,938 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $7,897,905 | $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.