900 W 23 ST TX 78705
| Owner | 900 WEST LLC |
|---|---|
| Parcel ID | 0214011405 |
| Short ID | 206700 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 56,386 SF |
| Land SF | 36,576 SF |
| Acres | 0.840 |
| Year Built | 2003 |
| Legal | LOT 4 * S96 FT OF LOT 2&3 *& E7FT OF LOT 1 OLT 38-39 DIVISION D |
| Neighborhood | 08WC |
| Land | $5,486,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,486,400 |
| Improvement | $9,643,600 |
|---|---|
| Total Improvement | $9,643,600 |
| Market | $15,130,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $15,130,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $15,130,000 |
| Taxable Value | $15,130,000 |
|---|
Appreciation: Market value has fallen -14.1% from $17,607,366 (2021) to $15,130,000 (2025), a CAGR of -3.7% over 4 years. Growth has been relatively flat for this asset class. 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 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 $309,633. 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 36% of market value ($5,486,400 land vs $9,643,600 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age (~23 yrs), and rent roll drive the underwriting.
Submarket Position: At $15,130,000, 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 -3.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,517,558 by 2030, with an estimated annual tax burden around $235,799. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 58,392 SF | ✓ |
| 1ST | 1st Floor | 56,386 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 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% | $139,982.76 | $139,982.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $79,283.77 | $79,283.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $56,865.35 | $56,865.35 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $17,856.88 | $17,856.88 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $15,644.42 | $15,644.42 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $309,633.18 | $309,633.18 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $15,480,000 | $15,130,000 | +2.3% |
| Assessed Value | $15,480,000 | $15,130,000 | +2.3% |
| Land Value | $5,462,550 | $5,486,400 | -0.4% |
| Improvement Value | $10,017,450 | $9,643,600 | +3.9% |
| Taxable Value | $15,480,000 | $15,130,000 | +2.3% |
| Total Tax 2026 = estimate |
~$316,796
Estimated
|
~$309,633
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $16,089,343 | $15,480,000 | -609,343 (-3.8%) |
| Taxable Value | $16,089,343 | $15,480,000 | -609,343 (-3.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $15,480,000 | $5,462,550 | $10,017,450 | — | $15,480,000 | $15,480,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $15,130,000 | $5,486,400 | $9,643,600 | — | $15,130,000 | $15,130,000 | ~$309,633 | Partial |
| 2024 | $17,000,000 | — | — | −$11,513,600 | $5,486,400 | $— | $307,379 | Verified |
| 2023 | $17,000,000 | — | — | −$11,513,600 | $5,486,400 | $— | $301,585 | Verified |
| 2022 | $18,541,191 | — | — | −$14,152,071 | $4,389,120 | $— | $335,737 | Verified |
| 2021 | $17,607,366 | — | — | −$14,315,526 | $3,291,840 | $— | $403,582 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.3% | +6.3% | ~100% | Not available | Partial |
| 2025 | -2.4% | -2.4% | ~100% | Not available | Partial |
| 2024 | -13.7% | -13.7% | ~100% | 1.9800% | Verified |
| 2023 | +5.7% | +5.7% | ~100% | 1.6800% | Verified |
| 2022 | -8.3% | -8.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -18.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.3% | -2.3% | -4.2% | +5.3% | 2022 | -11.0% | 2025 |
| Assessment Ratio | 100.0% | 51.2% | — | 100.0% | 2025 | 18.7% | 2021 |
| 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 |
$309,633 | $331,583 | ~$263,874 | $403,582 | 2021 | $301,585 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$14,567,166 | ~$14,567,166 | ~2.0139% | ~$293,373 | -3.7% |
| 2027 | ~$14,025,269 | ~$14,025,269 | ~1.9814% | ~$277,895 | -7.3% |
| 2028 | ~$13,503,531 | ~$13,503,531 | ~1.9488% | ~$263,162 | -10.7% |
| 2029 | ~$13,001,201 | ~$13,001,201 | ~1.9163% | ~$249,141 | -14.1% |
| 2030 | ~$12,517,558 | ~$12,517,558 | ~1.8837% | ~$235,799 | -17.3% |
| 2026 | ~$14,373,500 | ~$14,373,500 | ~2.0465% | ~$294,152 | -5.0% |
| 2027 | ~$13,654,825 | ~$13,654,825 | ~2.0465% | ~$279,444 | -9.8% |
| 2028 | ~$12,972,084 | ~$12,972,084 | ~2.0465% | ~$265,472 | -14.3% |
| 2029 | ~$12,323,480 | ~$12,323,480 | ~2.0465% | ~$252,198 | -18.5% |
| 2030 | ~$11,707,306 | ~$11,707,306 | ~2.0465% | ~$239,588 | -22.6% |
| 2026 | ~$14,869,766 | ~$14,869,766 | ~1.9977% | ~$297,048 | -1.7% |
| 2027 | ~$14,614,008 | ~$14,614,008 | ~1.9488% | ~$284,804 | -3.4% |
| 2028 | ~$14,362,648 | ~$14,362,648 | ~1.9000% | ~$272,893 | -5.1% |
| 2029 | ~$14,115,612 | ~$14,115,612 | ~1.8512% | ~$261,307 | -6.7% |
| 2030 | ~$13,872,826 | ~$13,872,826 | ~1.8024% | ~$250,040 | -8.3% |
In 2025, this property's market value of $15,130,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 29× 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 | $15,130,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $17,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $17,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $18,541,191 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $17,607,366 | $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.