4524 MATTIE ST TX 78722
| Owner | MUELLER AUSTIN MULTIFAMILY III LLC |
|---|---|
| Parcel ID | 0217162501 |
| Short ID | 833248 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 139,425 SF |
| Land SF | 88,165 SF |
| Acres | 2.024 |
| Year Built | 2022 |
| Legal | LOT 3-5 BLK 22 MUELLER SEC 2C-1 SUBD |
| Neighborhood | 1EA2 |
| Land | $3,967,445 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,967,445 |
| Improvement | $46,949,750 |
|---|---|
| Total Improvement | $46,949,750 |
| Market | $50,917,195 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $50,917,195 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $50,917,195 |
| Taxable Value | $50,917,195 |
|---|
Appreciation: Market value has risen +560.9% from $7,704,685 (2022) to $50,917,195 (2025), a CAGR of 87.7% over 3 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 fell -15.5%, 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 $1,042,013. 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 ($3,967,445 land vs $46,949,750 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $50,917,195, 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 +87.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,184,987,517 by 2030, with an estimated annual tax burden around $22,322,113. 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 | 139,425 SF | ✓ |
Market value changed by 904% 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% | $471,085.89 | $471,085.89 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $266,814.76 | $266,814.76 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $191,369.73 | $191,369.73 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $60,094.00 | $60,094.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $52,648.38 | $52,648.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,042,012.76 | $1,042,012.76 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $47,470,876 | $50,917,195 | -6.8% |
| Assessed Value | $47,470,876 | $50,917,195 | -6.8% |
| Land Value | $3,967,445 | $3,967,445 | +0.0% |
| Improvement Value | $43,503,431 | $46,949,750 | -7.3% |
| Taxable Value | $47,470,876 | $50,917,195 | -6.8% |
| Total Tax 2026 = estimate |
~$971,484
Estimated
|
~$1,042,013
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $49,039,788 | $47,470,876 | -1,568,912 (-3.2%) |
| Taxable Value | $49,039,788 | $47,470,876 | -1,568,912 (-3.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $47,470,876 | $3,967,445 | $43,503,431 | — | $47,470,876 | $47,470,876 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $50,917,195 | $3,967,445 | $46,949,750 | — | $50,917,195 | $50,917,195 | ~$1,042,013 | Partial |
| 2024 | $60,000,000 | — | — | −$56,032,555 | $3,967,445 | $— | $1,065,340 | Verified |
| 2023 | $7,204,685 | — | — | −$3,237,240 | $3,967,445 | $— | $871,717 | Verified |
| 2022 | $7,704,685 | — | — | −$3,737,240 | $3,967,445 | $— | $142,287 | Verified |
| 2021 | $— | — | — | — | — | $— | $167,706 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.7% | -3.7% | ~100% | Not available | Partial |
| 2025 | -5.3% | -5.3% | ~100% | Not available | Partial |
| 2024 | -25.7% | -25.7% | ~100% | 1.9800% | Verified |
| 2023 | +904.5% ! | +904.5% | ~100% | 1.2000% | Verified |
| 2022 | -6.5% | -6.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +560.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.8% | +176.1% | +90.4% | +732.8% | 2024 | -15.1% | 2025 |
| Assessment Ratio | 100.0% | 62.6% | — | 100.0% | 2025 | 6.6% | 2024 |
| 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 |
$1,042,013 | $780,339 | ~$9,291,501 | $1,065,340 | 2024 | $142,287 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$95,550,801 | ~$95,550,801 | ~2.0139% | ~$1,924,332 | +87.7% |
| 2027 | ~$179,309,869 | ~$179,309,869 | ~1.9814% | ~$3,552,824 | +252.2% |
| 2028 | ~$336,491,465 | ~$336,491,465 | ~1.9488% | ~$6,557,679 | +560.9% |
| 2029 | ~$631,457,193 | ~$631,457,193 | ~1.9163% | ~$12,100,557 | +1140.2% |
| 2030 | ~$1,184,987,517 | ~$1,184,987,517 | ~1.8837% | ~$22,322,113 | +2227.3% |
| 2026 | ~$94,532,457 | ~$94,532,457 | ~2.0465% | ~$1,934,593 | +85.7% |
| 2027 | ~$175,508,204 | ~$175,508,204 | ~2.0465% | ~$3,591,749 | +244.7% |
| 2028 | ~$325,847,127 | ~$325,847,127 | ~2.0465% | ~$6,668,413 | +540.0% |
| 2029 | ~$604,965,170 | ~$604,965,170 | ~2.0465% | ~$12,380,521 | +1088.1% |
| 2030 | ~$1,123,173,496 | ~$1,123,173,496 | ~2.0465% | ~$22,985,577 | +2105.9% |
| 2026 | ~$96,569,145 | ~$96,569,145 | ~1.9977% | ~$1,929,125 | +89.7% |
| 2027 | ~$183,152,268 | ~$183,152,268 | ~1.9488% | ~$3,569,344 | +259.7% |
| 2028 | ~$347,365,126 | ~$347,365,126 | ~1.9000% | ~$6,599,996 | +582.2% |
| 2029 | ~$658,809,919 | ~$658,809,919 | ~1.8512% | ~$12,195,850 | +1193.9% |
| 2030 | ~$1,249,493,624 | ~$1,249,493,624 | ~1.8024% | ~$22,520,514 | +2354.0% |
In 2025, this property's market value of $50,917,195 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 98× 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 | $50,917,195 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $60,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $7,204,685 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $7,704,685 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | — | $300,453 | $376,850 | $539,896 | — | 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.