6121 F M RD 969 TX 78724
| Owner | CH REALTY IX-OP II MF AUSTIN 183 MLK LP |
|---|---|
| Parcel ID | 0213281003 |
| Short ID | 544746 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 306,658 SF |
| Land SF | 413,211 SF |
| Acres | 9.486 |
| Year Built | 2023 |
| Legal | ABS 22 SUR 29 TANNEHILL J C ACR 9.546 |
| Neighborhood | 61FEA |
| Land | $5,784,954 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,784,954 |
| Improvement | $70,045,046 |
|---|---|
| Total Improvement | $70,045,046 |
| Market | $75,830,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $75,830,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $75,830,000 |
| Taxable Value | $75,830,000 |
|---|
Appreciation: Market value has risen +9062.5% from $827,614 (2021) to $75,830,000 (2025), a CAGR of 209.4% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $1,551,850. 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 ($5,784,954 land vs $70,045,046 improvements), about $14/SF of land. Most value sits in the improvements, so building condition, age (~3 yrs), and rent roll drive the underwriting.
Submarket Position: At $75,830,000, 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 +209.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $21,495,996,870 by 2030, with an estimated annual tax burden around $2,300,520. 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 | 306,658 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +35,198 |
| Travis County | 0.3444% | 0.3758% | +23,811 |
| Austin ISD | 0.9505% | 0.9252% | -19,185 |
| Travis Central Health | 0.1080% | 0.1180% | +7,624 |
| Austin Community College | 0.1013% | 0.1034% | +1,592 |
Market value changed by 5767% 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% | $701,579.16 | $550,600.64 | $150,978.52 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $397,362.09 | $311,850.51 | $85,511.58 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $285,003.26 | $223,671.09 | $61,332.17 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $89,496.84 | $70,237.29 | $19,259.55 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $78,408.22 | $61,534.92 | $16,873.30 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,551,849.57 | $1,217,894.45 | $333,955.12 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $62,540,000 | $75,830,000 | -17.5% |
| Assessed Value | $62,540,000 | $75,830,000 | -17.5% |
| Land Value | $5,784,954 | $5,784,954 | +0.0% |
| Improvement Value | $56,755,046 | $70,045,046 | -19.0% |
| Taxable Value | $62,540,000 | $75,830,000 | -17.5% |
| Total Tax 2026 = estimate |
~$1,279,872
Estimated
|
$1,551,850 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $72,449,161 | $62,540,000 | -9,909,161 (-13.7%) |
| Taxable Value | $72,449,161 | $62,540,000 | -9,909,161 (-13.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $62,540,000 | $5,784,954 | $56,755,046 | — | $62,540,000 | $62,540,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $75,830,000 | $5,784,954 | $70,045,046 | — | $75,830,000 | $75,830,000 | $1,551,850 | Verified |
| 2024 | $33,939,500 | — | — | −$28,154,546 | $5,784,954 | $— | $1,593,378 | Verified |
| 2023 | $— | — | — | — | $578,495 | $— | $614,049 | Verified |
| 2022 | $829,905 | — | — | −$251,410 | $578,495 | $— | $11,425 | Verified |
| 2021 | $827,614 | — | — | −$245,460 | $582,154 | $— | $18,064 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.5% | -4.5% | ~100% | Not available | Partial |
| 2025 | -5.7% | -5.7% | ~100% | 2.0500% | Verified |
| 2024 | +136.9% ! | +136.9% | ~100% | 1.9800% | Verified |
| 2023 | +5766.9% ! | +5766.9% | ~100% | 1.8100% | Verified |
| 2022 | -30.3% | -30.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9037.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -17.5% | +1023.9% | +222.5% | +3989.6% | 2024 | -17.5% | 2026 |
| Assessment Ratio | 100.0% | 71.4% | — | 100.0% | 2025 | 17.0% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $1,551,850 | $793,679 | ~$1,978,578 | $1,593,378 | 2024 | $11,425 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$234,608,835 | ~$83,413,000 | ~2.0139% | ~$1,679,885 | +209.4% |
| 2027 | ~$725,851,318 | ~$91,754,300 | ~1.9814% | ~$1,818,009 | +857.2% |
| 2028 | ~$2,245,696,057 | ~$100,929,730 | ~1.9488% | ~$1,966,958 | +2861.5% |
| 2029 | ~$6,947,911,587 | ~$111,022,703 | ~1.9163% | ~$2,127,518 | +9062.5% |
| 2030 | ~$21,495,996,870 | ~$122,124,973 | ~1.8837% | ~$2,300,520 | +28247.6% |
| 2026 | ~$233,092,235 | ~$83,413,000 | ~2.0465% | ~$1,707,035 | +207.4% |
| 2027 | ~$716,497,296 | ~$91,754,300 | ~2.0465% | ~$1,877,738 | +844.9% |
| 2028 | ~$2,202,425,902 | ~$100,929,730 | ~2.0465% | ~$2,065,512 | +2804.4% |
| 2029 | ~$6,769,990,450 | ~$111,022,703 | ~2.0465% | ~$2,272,063 | +8827.9% |
| 2030 | ~$20,810,130,615 | ~$122,124,973 | ~2.0465% | ~$2,499,269 | +27343.1% |
| 2026 | ~$236,125,435 | ~$83,413,000 | ~1.9977% | ~$1,666,310 | +211.4% |
| 2027 | ~$735,266,003 | ~$91,754,300 | ~1.9488% | ~$1,788,144 | +869.6% |
| 2028 | ~$2,289,529,274 | ~$100,929,730 | ~1.9000% | ~$1,917,682 | +2919.3% |
| 2029 | ~$7,129,316,834 | ~$111,022,703 | ~1.8512% | ~$2,055,246 | +9301.7% |
| 2030 | ~$22,199,829,069 | ~$122,124,973 | ~1.8024% | ~$2,201,145 | +29175.8% |
In 2025, this property's market value of $75,830,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 146× 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 | $75,830,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $33,939,500 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | $829,905 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $827,614 | $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.