5521 SPRINGDALE RD TX 78723
| Owner | SE SPRINGDALE LLC |
|---|---|
| Parcel ID | 0217230201 |
| Short ID | 212201 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 206,250 SF |
| Land SF | 261,360 SF |
| Acres | 6.000 |
| Year Built | — |
| Legal | ABS 22 SUR 29 TANNEHILL J C ACR 6.000 |
| Neighborhood | 08NE |
| Land | $10,454,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,454,400 |
| Improvement | $43,135,600 |
|---|---|
| Total Improvement | $43,135,600 |
| Market | $53,590,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $53,590,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $53,590,000 |
| Taxable Value | $53,590,000 |
|---|
Appreciation: Market value has risen +2463.0% from $2,090,880 (2021) to $53,590,000 (2025), a CAGR of 125.0% over 4 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 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 $1,096,711. 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 20% of market value ($10,454,400 land vs $43,135,600 improvements), about $40/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $53,590,000, 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 +125.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,090,488,044 by 2030, with an estimated annual tax burden around $58,216,837. 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 | 206,250 SF | ✓ |
Market value changed by 241% in 2022, 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% | $495,814.68 | $495,814.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $280,820.71 | $280,820.71 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $201,415.34 | $201,415.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $63,248.53 | $63,248.53 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $55,412.06 | $55,412.06 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,096,711.32 | $1,096,711.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $49,300,000 | $53,590,000 | -8.0% |
| Assessed Value | $49,300,000 | $53,590,000 | -8.0% |
| Land Value | $10,454,400 | $10,454,400 | +0.0% |
| Improvement Value | $38,845,600 | $43,135,600 | -9.9% |
| Taxable Value | $49,300,000 | $53,590,000 | -8.0% |
| Total Tax 2026 = estimate |
~$1,008,917
Estimated
|
~$1,096,711
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $49,300,000 | $49,300,000 | +0 (+0.0%) |
| Taxable Value | $49,300,000 | $49,300,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $49,300,000 | $10,454,400 | $38,845,600 | — | $49,300,000 | $49,300,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $53,590,000 | $10,454,400 | $43,135,600 | — | $53,590,000 | $53,590,000 | ~$1,096,711 | Partial |
| 2024 | $76,000,000 | — | — | −$65,545,600 | $10,454,400 | $— | $1,299,446 | Verified |
| 2023 | $26,994,330 | — | — | −$16,539,930 | $10,454,400 | $— | $1,340,815 | Verified |
| 2022 | $7,916,411 | — | — | −$5,825,531 | $2,090,880 | $— | $533,117 | Verified |
| 2021 | $2,090,880 | — | — | — | $2,090,880 | $— | $172,315 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.0% | -8.0% | ~100% | Not available | Partial |
| 2025 | -19.8% | -19.8% | ~100% | Not available | Partial |
| 2024 | -12.1% | -12.1% | ~100% | 1.9400% | Verified |
| 2023 | +181.5% ! | +181.5% | ~100% | 1.7600% | Verified |
| 2022 | +241.0% ! | +241.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 8.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +576.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.0% | +132.7% | +128.9% | +278.6% | 2022 | -29.5% | 2025 |
| Assessment Ratio | 100.0% | 63.1% | — | 100.0% | 2021 | 13.8% | 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 |
$1,096,711 | $888,481 | ~$20,847,680 | $1,340,815 | 2023 | $172,315 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$120,579,206 | ~$120,579,206 | ~2.0139% | ~$2,428,389 | +125.0% |
| 2027 | ~$271,307,051 | ~$271,307,051 | ~1.9814% | ~$5,375,645 | +406.3% |
| 2028 | ~$610,449,502 | ~$610,449,502 | ~1.9488% | ~$11,896,681 | +1039.1% |
| 2029 | ~$1,373,530,810 | ~$1,373,530,810 | ~1.9163% | ~$26,320,847 | +2463.0% |
| 2030 | ~$3,090,488,044 | ~$3,090,488,044 | ~1.8837% | ~$58,216,837 | +5666.9% |
| 2026 | ~$119,507,406 | ~$119,507,406 | ~2.0465% | ~$2,445,701 | +123.0% |
| 2027 | ~$266,505,319 | ~$266,505,319 | ~2.0465% | ~$5,453,991 | +397.3% |
| 2028 | ~$594,315,345 | ~$594,315,345 | ~2.0465% | ~$12,162,574 | +1009.0% |
| 2029 | ~$1,325,342,137 | ~$1,325,342,137 | ~2.0465% | ~$27,122,928 | +2373.1% |
| 2030 | ~$2,955,555,153 | ~$2,955,555,153 | ~2.0465% | ~$60,484,993 | +5415.1% |
| 2026 | ~$121,651,006 | ~$121,651,006 | ~1.9977% | ~$2,430,176 | +127.0% |
| 2027 | ~$276,151,656 | ~$276,151,656 | ~1.9488% | ~$5,381,753 | +415.3% |
| 2028 | ~$626,873,048 | ~$626,873,048 | ~1.9000% | ~$11,910,693 | +1069.8% |
| 2029 | ~$1,423,021,774 | ~$1,423,021,774 | ~1.8512% | ~$26,342,894 | +2555.4% |
| 2030 | ~$3,230,304,724 | ~$3,230,304,724 | ~1.8024% | ~$58,222,084 | +5927.8% |
In 2025, this property's market value of $53,590,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 103× 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 | $53,590,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $76,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $26,994,330 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $7,916,411 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,090,880 | $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.