3121 SPEEDWAY TX 78705
| Owner | UT SPEEDWAY LLC |
|---|---|
| Parcel ID | 0216040712 |
| Short ID | 210233 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 22,390 SF |
| Land SF | 15,584 SF |
| Acres | 0.358 |
| Year Built | 1971 |
| Legal | LOT 5 * N15FT OF E69FT OF & S30FT OF E69FT & N30 FT OF LOT 6 * * ALL OF LOT 7 BLK 15 DIV D GROOMS ADDN |
| Neighborhood | 06WC1 |
| Land | $1,558,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,558,400 |
| Improvement | $5,046,650 |
|---|---|
| Total Improvement | $5,046,650 |
| Market | $6,605,050 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $6,605,050 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $6,605,050 |
| Taxable Value | $6,605,050 |
|---|
Appreciation: Market value has risen +25.5% from $5,261,650 (2021) to $6,605,050 (2025), a CAGR of 5.8% over 4 years. This represents moderate, steady growth. 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 $135,171. 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 24% of market value ($1,558,400 land vs $5,046,650 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~55 yrs), and rent roll drive the underwriting.
Submarket Position: At $6,605,050, 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 +5.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,776,448 by 2030, with an estimated annual tax burden around $165,326. 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 |
|---|---|---|---|
| 487 | PARKING UNDER | 14,358 SF | ✓ |
| 1ST | 1st Floor | 11,195 SF | ✓ |
| 2ND | 2nd Floor | 11,195 SF | ✓ |
| 591 | MASONRY TRIM SF | 6,000 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,997 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,997 SF | ✗ |
| 581C | STORAGE ATT COMM | 502 SF | ✓ |
| 541 | FENCE COMM LF | 170 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $61,109.92 | $61,109.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $34,611.58 | $34,611.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $24,824.75 | $24,824.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $7,795.48 | $7,795.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,829.62 | $6,829.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $135,171.35 | $135,171.35 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $6,110,000 | $6,605,050 | -7.5% |
| Assessed Value | $6,110,000 | $6,605,050 | -7.5% |
| Land Value | $1,558,400 | $1,558,400 | +0.0% |
| Improvement Value | $4,551,600 | $5,046,650 | -9.8% |
| Taxable Value | $6,110,000 | $6,605,050 | -7.5% |
| Total Tax 2026 = estimate |
~$125,040
Estimated
|
~$135,171
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $6,110,000 | $6,110,000 | +0 (+0.0%) |
| Taxable Value | $6,110,000 | $6,110,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $6,110,000 | $1,558,400 | $4,551,600 | — | $6,110,000 | $6,110,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $6,605,050 | $1,558,400 | $5,046,650 | — | $6,605,050 | $6,605,050 | ~$135,171 | Partial |
| 2024 | $5,597,500 | — | — | −$4,039,100 | $1,558,400 | $— | $124,244 | Verified |
| 2023 | $5,261,650 | — | — | −$3,703,250 | $1,558,400 | $— | $101,273 | Verified |
| 2022 | $5,261,650 | — | — | −$4,014,930 | $1,246,720 | $— | $103,914 | Verified |
| 2021 | $5,261,650 | — | — | −$4,014,930 | $1,246,720 | $— | $114,529 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.5% | -7.5% | ~100% | Not available | Partial |
| 2025 | +5.4% | +5.4% | ~100% | Not available | Partial |
| 2024 | +12.0% | +12.0% | ~100% | 1.9800% | Verified |
| 2023 | +6.4% | +6.4% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.5% | +3.4% | +7.6% | +18.0% | 2025 | -7.5% | 2026 |
| Assessment Ratio | 100.0% | 50.8% | — | 100.0% | 2025 | 23.7% | 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 |
$135,171 | $115,826 | ~$152,861 | $135,171 | 2025 | $101,273 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,991,408 | ~$6,991,408 | ~2.0139% | ~$140,803 | +5.8% |
| 2027 | ~$7,400,366 | ~$7,400,366 | ~1.9814% | ~$146,630 | +12.0% |
| 2028 | ~$7,833,245 | ~$7,833,245 | ~1.9488% | ~$152,657 | +18.6% |
| 2029 | ~$8,291,446 | ~$8,291,446 | ~1.9163% | ~$158,888 | +25.5% |
| 2030 | ~$8,776,448 | ~$8,776,448 | ~1.8837% | ~$165,326 | +32.9% |
| 2026 | ~$6,859,307 | ~$6,859,307 | ~2.0465% | ~$140,375 | +3.8% |
| 2027 | ~$7,123,351 | ~$7,123,351 | ~2.0465% | ~$145,778 | +7.8% |
| 2028 | ~$7,397,560 | ~$7,397,560 | ~2.0465% | ~$151,390 | +12.0% |
| 2029 | ~$7,682,324 | ~$7,682,324 | ~2.0465% | ~$157,218 | +16.3% |
| 2030 | ~$7,978,050 | ~$7,978,050 | ~2.0465% | ~$163,270 | +20.8% |
| 2026 | ~$7,123,509 | ~$7,123,509 | ~1.9977% | ~$142,304 | +7.8% |
| 2027 | ~$7,682,664 | ~$7,682,664 | ~1.9488% | ~$149,723 | +16.3% |
| 2028 | ~$8,285,710 | ~$8,285,710 | ~1.9000% | ~$157,430 | +25.4% |
| 2029 | ~$8,936,091 | ~$8,936,091 | ~1.8512% | ~$165,424 | +35.3% |
| 2030 | ~$9,637,524 | ~$9,637,524 | ~1.8024% | ~$173,704 | +45.9% |
In 2025, this property's market value of $6,605,050 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 13× 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 | $6,605,050 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $5,597,500 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $5,261,650 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $5,261,650 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $5,261,650 | $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.