1535 BARBARA JORDAN BLVD TX 78722
| Owner | MUELLER ALDRICH NE L2B3 LP |
|---|---|
| Parcel ID | 0219161901 |
| Short ID | 911435 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 555,296 SF |
| Land SF | 177,246 SF |
| Acres | 4.069 |
| Year Built | 2024 |
| Legal | LOT 2 BLK 3 MUELLER SEC 1B-2 SUBD |
| Neighborhood | 1EA2 |
| Land | $7,976,054 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,976,054 |
| Improvement | $68,397,382 |
|---|---|
| Total Improvement | $68,397,382 |
| Market | $76,373,436 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $76,373,436 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $76,373,436 |
| Taxable Value | $76,373,436 |
|---|
Appreciation: Market value has risen +1680.5% from $4,289,353 (2021) to $76,373,436 (2025), a CAGR of 105.4% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $1,562,971. 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 10% of market value ($7,976,054 land vs $68,397,382 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $76,373,436, 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 +105.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,793,383,130 by 2030, with an estimated annual tax burden around $2,317,007. 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 | 555,296 SF | ✓ |
Market value changed by 400% 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% | $706,607.03 | $706,607.03 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $400,209.79 | $400,209.79 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $287,045.74 | $287,045.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $90,138.22 | $90,138.22 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $78,970.13 | $78,970.13 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,562,970.91 | $1,562,970.91 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $98,960,000 | $76,373,436 | +29.6% |
| Assessed Value | $98,960,000 | $76,373,436 | +29.6% |
| Land Value | $7,976,054 | $7,976,054 | +0.0% |
| Improvement Value | $90,983,946 | $68,397,382 | +33.0% |
| Taxable Value | $98,960,000 | $76,373,436 | +29.6% |
| Total Tax 2026 = estimate |
~$2,025,202
Estimated
|
~$1,562,971
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $106,440,086 | $98,960,000 | -7,480,086 (-7.0%) |
| Taxable Value | $106,440,086 | $98,960,000 | -7,480,086 (-7.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $98,960,000 | $7,976,054 | $90,983,946 | — | $98,960,000 | $98,960,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $76,373,436 | $7,976,054 | $68,397,382 | — | $76,373,436 | $76,373,436 | ~$1,562,971 | Partial |
| 2024 | $19,500,000 | — | — | −$11,523,946 | $7,976,054 | $— | $691,961 | Verified |
| 2023 | $— | — | — | — | $7,976,054 | $— | $352,803 | Verified |
| 2022 | $— | — | — | — | $4,697,702 | $— | $92,776 | Verified |
| 2021 | $4,289,353 | — | — | — | $4,289,353 | $— | $93,365 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +39.4% | +39.4% | ~100% | Not available | Partial |
| 2025 | +118.7% ! | +118.7% | ~100% | Not available | Partial |
| 2024 | +48.8% | +48.8% | ~100% | 1.9800% | Verified |
| 2023 | +399.5% ! | +399.5% | ~100% | 1.5000% | Verified |
| 2022 | +9.5% | +9.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1680.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +29.6% | +225.3% | +96.0% | +354.6% | 2024 | +29.6% | 2026 |
| Assessment Ratio | 100.0% | 85.2% | — | 100.0% | 2021 | 40.9% | 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 |
$1,562,971 | $782,766 | ~$1,992,758 | $1,562,971 | 2025 | $93,365 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$156,884,474 | ~$84,010,780 | ~2.0139% | ~$1,691,924 | +105.4% |
| 2027 | ~$322,268,309 | ~$92,411,858 | ~1.9814% | ~$1,831,037 | +322.0% |
| 2028 | ~$661,995,802 | ~$101,653,043 | ~1.9488% | ~$1,981,055 | +766.8% |
| 2029 | ~$1,359,855,840 | ~$111,818,348 | ~1.9163% | ~$2,142,765 | +1680.5% |
| 2030 | ~$2,793,383,130 | ~$123,000,182 | ~1.8837% | ~$2,317,007 | +3557.5% |
| 2026 | ~$155,357,005 | ~$84,010,780 | ~2.0465% | ~$1,719,268 | +103.4% |
| 2027 | ~$316,023,479 | ~$92,411,858 | ~2.0465% | ~$1,891,195 | +313.8% |
| 2028 | ~$642,847,354 | ~$101,653,043 | ~2.0465% | ~$2,080,314 | +741.7% |
| 2029 | ~$1,307,664,612 | ~$111,818,348 | ~2.0465% | ~$2,288,346 | +1612.2% |
| 2030 | ~$2,660,019,873 | ~$123,000,182 | ~2.0465% | ~$2,517,180 | +3382.9% |
| 2026 | ~$158,411,942 | ~$84,010,780 | ~1.9977% | ~$1,678,252 | +107.4% |
| 2027 | ~$328,574,237 | ~$92,411,858 | ~1.9488% | ~$1,800,959 | +330.2% |
| 2028 | ~$681,520,773 | ~$101,653,043 | ~1.9000% | ~$1,931,425 | +792.4% |
| 2029 | ~$1,413,593,981 | ~$111,818,348 | ~1.8512% | ~$2,069,975 | +1750.9% |
| 2030 | ~$2,932,042,604 | ~$123,000,182 | ~1.8024% | ~$2,216,920 | +3739.1% |
In 2025, this property's market value of $76,373,436 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 147× 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 | $76,373,436 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $19,500,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $4,289,353 | $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.