2222 RIO GRANDE ST TX 78705
| Owner | QUARTERS WEST CAMPUS PHASE II LLC |
|---|---|
| Parcel ID | 0212010216 |
| Short ID | 203451 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 194,801 SF |
| Land SF | 153,553 SF |
| Acres | 3.525 |
| Year Built | 2008 |
| Legal | LOT A HARDINS NO 1 & LOT 1-3 OLT 33 DIV D SAMPSON SUBD & LOT A & .494A UNNUMBERED LOT ATO SUBD AMD LT 1 & LT 7-9 LOUIS HORSTS SUBD OLT 37 DIV D |
| Neighborhood | 08WC |
| Land | $46,066,008 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $46,066,008 |
| Improvement | $79,223,992 |
|---|---|
| Total Improvement | $79,223,992 |
| Market | $125,290,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $125,290,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $125,290,000 |
| Taxable Value | $125,290,000 |
|---|
Appreciation: Market value has risen +875.6% from $12,842,235 (2021) to $125,290,000 (2025), a CAGR of 76.7% 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 $2,564,041. 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 37% of market value ($46,066,008 land vs $79,223,992 improvements), about $300/SF of land. Most value sits in the improvements, so building condition, age (~18 yrs), and rent roll drive the underwriting.
Submarket Position: At $125,290,000, 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 +76.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,160,285,521 by 2030, with an estimated annual tax burden around $3,801,031. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 350,588 SF | ✓ |
| ADDL | Additional Floor | 91,214 SF | ✓ |
| 1ST | 1st Floor | 69,929 SF | ✓ |
| SO | Sketch Only | 69,893 SF | ✗ |
| 2ND | 2nd Floor | 65,153 SF | ✓ |
| 3RD | 3rd Floor | 59,719 SF | ✓ |
| 4TH | 4th Floor | 45,594 SF | ✓ |
| 5TH | 5th Floor | 45,594 SF | ✓ |
| 501 | CANOPY | 9,765 SF | ✗ |
| 601 | POOL COMM'L | 1,000 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 3 SF | ✓ |
| MISC | Miscellaneous | 1 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% | $1,110,240.00 | $1,110,240.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $628,820.40 | $628,820.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $451,014.00 | $451,014.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $141,627.60 | $141,627.60 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $124,080.00 | $124,080.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,455,782.00 | $2,455,782.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $126,501,424 | $125,290,000 | +1.0% |
| Assessed Value | $126,501,424 | $125,290,000 | +1.0% |
| Land Value | $23,033,004 | $46,066,008 | -50.0% |
| Improvement Value | $103,468,420 | $79,223,992 | +30.6% |
| Taxable Value | $126,501,424 | $125,290,000 | +1.0% |
| Total Tax 2026 = estimate |
~$2,588,833
Estimated
|
~$2,455,782
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $126,501,424 | $126,501,424 | +0 (+0.0%) |
| Taxable Value | $126,501,424 | $126,501,424 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $126,501,424 | $23,033,004 | $103,468,420 | — | $126,501,424 | $126,501,424 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $125,290,000 | $46,066,008 | $79,223,992 | — | $125,290,000 | $125,290,000 | ~$2,455,782 | Partial |
| 2024 | $117,000,000 | — | — | — | — | $— | $2,261,851 | Verified |
| 2023 | $117,000,000 | — | — | — | — | $— | $2,120,349 | Verified |
| 2022 | $114,300,000 | — | — | — | — | $— | $2,316,769 | Verified |
| 2021 | $12,842,235 | — | — | — | — | $— | $2,491,822 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.0% | +1.0% | ~100% | Not available | Partial |
| 2025 | +7.5% | +7.5% | ~100% | Not available | Partial |
| 2024 | -3.3% | -3.3% | ~100% | 1.9400% | Verified |
| 2023 | -2.1% | -2.1% | ~100% | 1.7600% | Verified |
| 2022 | +4.4% | +4.4% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 19.4000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.0% | +160.1% | +76.4% | +790.0% | 2022 | +0.0% | 2024 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$2,455,782 | $2,329,315 | ~$3,269,102 | $2,491,822 | 2021 | $2,120,349 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$221,429,438 | ~$137,819,000 | ~2.0139% | ~$2,775,587 | +76.7% |
| 2027 | ~$391,340,060 | ~$151,600,900 | ~1.9814% | ~$3,003,802 | +212.3% |
| 2028 | ~$691,629,098 | ~$166,760,990 | ~1.9488% | ~$3,249,904 | +452.0% |
| 2029 | ~$1,222,340,512 | ~$183,437,089 | ~1.9163% | ~$3,515,188 | +875.6% |
| 2030 | ~$2,160,285,521 | ~$201,780,798 | ~1.8837% | ~$3,801,031 | +1624.2% |
| 2026 | ~$218,923,638 | ~$137,819,000 | ~2.0465% | ~$2,820,445 | +74.7% |
| 2027 | ~$382,532,999 | ~$151,600,900 | ~2.0465% | ~$3,102,490 | +205.3% |
| 2028 | ~$668,413,408 | ~$166,760,990 | ~2.0465% | ~$3,412,739 | +433.5% |
| 2029 | ~$1,167,942,334 | ~$183,437,089 | ~2.0465% | ~$3,754,013 | +832.2% |
| 2030 | ~$2,040,786,855 | ~$201,780,798 | ~2.0465% | ~$4,129,414 | +1528.9% |
| 2026 | ~$223,935,238 | ~$137,819,000 | ~1.9977% | ~$2,753,158 | +78.7% |
| 2027 | ~$400,247,354 | ~$151,600,900 | ~1.9488% | ~$2,954,458 | +219.5% |
| 2028 | ~$715,376,219 | ~$166,760,990 | ~1.9000% | ~$3,168,487 | +471.0% |
| 2029 | ~$1,278,617,161 | ~$183,437,089 | ~1.8512% | ~$3,395,776 | +920.5% |
| 2030 | ~$2,285,317,573 | ~$201,780,798 | ~1.8024% | ~$3,636,839 | +1724.0% |
In 2025, this property's market value of $125,290,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 241× 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 | $125,290,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $117,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $117,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $114,300,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $12,842,235 | $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.