2505 LONGVIEW ST TX 78705
| Owner | RAR2-AXIS WEST CAMPUS LP |
|---|---|
| Parcel ID | 0214000523 |
| Short ID | 206062 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 74,598 SF |
| Land SF | 70,046 SF |
| Acres | 1.608 |
| Year Built | 2012 |
| Legal | LOT 15-21 BLK 5 OLT 55 DIVISION D |
| Neighborhood | 08WC |
| Land | $10,506,900 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,506,900 |
| Improvement | $49,843,100 |
|---|---|
| Total Improvement | $49,843,100 |
| Market | $60,350,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $60,350,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $60,350,000 |
| Taxable Value | $60,350,000 |
|---|
Appreciation: Market value has fallen -2.8% from $62,110,000 (2021) to $60,350,000 (2025), a CAGR of -0.7% over 4 years. Growth has been relatively flat for this asset class. 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 lagged 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 $1,235,054. 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 17% of market value ($10,506,900 land vs $49,843,100 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age (~14 yrs), and rent roll drive the underwriting.
Submarket Position: At $60,350,000, 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 -0.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $58,219,967 by 2030, with an estimated annual tax burden around $1,096,714. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 336,108 SF | ✗ |
| 187 | PARKING GARAGE | 110,688 SF | ✓ |
| ADDL | Additional Floor | 39,009 SF | ✓ |
| 3RD | 3rd Floor | 37,299 SF | ✓ |
| 4TH | 4th Floor | 37,299 SF | ✓ |
| 5TH | 5th Floor | 37,299 SF | ✓ |
| 2ND | 2nd Floor | 37,299 SF | ✓ |
| MISC | Miscellaneous | 5,651 SF | ✓ |
| 601 | POOL COMM'L | 1,500 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 130 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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% | $541,242.00 | $541,242.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $306,549.95 | $306,549.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $219,869.33 | $219,869.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $69,043.46 | $69,043.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $60,489.00 | $60,489.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,197,193.74 | $1,197,193.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $60,873,667 | $60,350,000 | +0.9% |
| Assessed Value | $60,873,667 | $60,350,000 | +0.9% |
| Land Value | $10,506,900 | $10,506,900 | +0.0% |
| Improvement Value | $50,366,767 | $49,843,100 | +1.1% |
| Taxable Value | $60,873,667 | $60,350,000 | +0.9% |
| Total Tax 2026 = estimate |
~$1,245,770
Estimated
|
~$1,197,194
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $60,873,667 | $60,873,667 | +0 (+0.0%) |
| Taxable Value | $60,873,667 | $60,873,667 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $60,873,667 | $10,506,900 | $50,366,767 | — | $60,873,667 | $60,873,667 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $60,350,000 | $10,506,900 | $49,843,100 | — | $60,350,000 | $60,350,000 | ~$1,197,194 | Partial |
| 2024 | $61,000,000 | — | — | −$50,493,100 | $10,506,900 | $— | $1,162,002 | Verified |
| 2023 | $58,200,000 | — | — | −$47,693,100 | $10,506,900 | $— | $1,106,007 | Verified |
| 2022 | $56,000,000 | — | — | −$46,193,560 | $9,806,440 | $— | $1,152,781 | Verified |
| 2021 | $62,110,000 | — | — | −$52,303,560 | $9,806,440 | $— | $1,221,015 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.9% | +0.9% | ~100% | Not available | Partial |
| 2025 | -1.2% | -1.2% | ~100% | Not available | Partial |
| 2024 | -5.9% | -5.9% | ~100% | 1.9000% | Verified |
| 2023 | +5.4% | +5.4% | ~100% | 1.7000% | Verified |
| 2022 | +6.3% | +6.3% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.9% | -0.3% | -0.9% | +4.8% | 2024 | -9.8% | 2022 |
| Assessment Ratio | 100.0% | 44.8% | — | 100.0% | 2025 | 15.8% | 2021 |
| Effective Tax Rate (2025) | 1.9800% | 1.9800% | — | 1.9800% | 2025 | 1.9800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,197,194 | $1,167,800 | ~$1,151,375 | $1,221,015 | 2021 | $1,106,007 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$59,917,849 | ~$59,917,849 | ~2.0139% | ~$1,206,707 | -0.7% |
| 2027 | ~$59,488,792 | ~$59,488,792 | ~1.9814% | ~$1,178,704 | -1.4% |
| 2028 | ~$59,062,807 | ~$59,062,807 | ~1.9488% | ~$1,151,039 | -2.1% |
| 2029 | ~$58,639,873 | ~$58,639,873 | ~1.9163% | ~$1,123,711 | -2.8% |
| 2030 | ~$58,219,967 | ~$58,219,967 | ~1.8837% | ~$1,096,714 | -3.5% |
| 2026 | ~$58,710,849 | ~$58,710,849 | ~2.0465% | ~$1,201,509 | -2.7% |
| 2027 | ~$57,116,218 | ~$57,116,218 | ~2.0465% | ~$1,168,875 | -5.4% |
| 2028 | ~$55,564,898 | ~$55,564,898 | ~2.0465% | ~$1,137,127 | -7.9% |
| 2029 | ~$54,055,714 | ~$54,055,714 | ~2.0465% | ~$1,106,242 | -10.4% |
| 2030 | ~$52,587,520 | ~$52,587,520 | ~2.0465% | ~$1,076,196 | -12.9% |
| 2026 | ~$61,124,849 | ~$61,124,849 | ~1.9977% | ~$1,221,068 | +1.3% |
| 2027 | ~$61,909,646 | ~$61,909,646 | ~1.9488% | ~$1,206,520 | +2.6% |
| 2028 | ~$62,704,519 | ~$62,704,519 | ~1.9000% | ~$1,191,396 | +3.9% |
| 2029 | ~$63,509,597 | ~$63,509,597 | ~1.8512% | ~$1,175,686 | +5.2% |
| 2030 | ~$64,325,013 | ~$64,325,013 | ~1.8024% | ~$1,159,376 | +6.6% |
In 2025, this property's market value of $60,350,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 116× 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 | $60,350,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $61,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $58,200,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $56,000,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $62,110,000 | $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.