1301 W KOENIG LN TX 78756
| Owner | INDEPENDENCE WOODS LLC |
|---|---|
| Parcel ID | 0228060321 |
| Short ID | 911452 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 274,228 SF |
| Land SF | 215,753 SF |
| Acres | 4.953 |
| Year Built | 2020 |
| Legal | LOT 1 WILDER ADDN SEC 2 LT 1 & WILDER ADDN SEC 1 LTS 13-15 RESUB |
| Neighborhood | 08NC |
| Land | $17,422,029 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $17,422,029 |
| Improvement | $70,987,971 |
|---|---|
| Total Improvement | $70,987,971 |
| Market | $88,410,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $88,410,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $88,410,000 |
| Taxable Value | $88,410,000 |
|---|
Appreciation: Market value has risen +157.3% from $34,354,334 (2021) to $88,410,000 (2025), a CAGR of 26.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $1,809,297. 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 ($17,422,029 land vs $70,987,971 improvements), about $81/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $88,410,000, 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 +26.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $288,171,622 by 2030, with an estimated annual tax burden around $2,682,170. 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.
2 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 274,228 SF | ✓ |
| 187 | PARKING GARAGE | 50,000 SF | ✓ |
Market value changed by 88% 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% | $817,969.32 | $817,969.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $463,283.43 | $463,283.43 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $332,284.56 | $332,284.56 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $104,344.13 | $104,344.13 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $91,415.94 | $91,415.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,809,297.38 | $1,809,297.38 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $79,930,000 | $88,410,000 | -9.6% |
| Assessed Value | $79,930,000 | $88,410,000 | -9.6% |
| Land Value | $17,422,029 | $17,422,029 | +0.0% |
| Improvement Value | $62,507,971 | $70,987,971 | -11.9% |
| Taxable Value | $79,930,000 | $88,410,000 | -9.6% |
| Total Tax 2026 = estimate |
~$1,635,755
Estimated
|
~$1,809,297
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $94,795,599 | $79,930,000 | -14,865,599 (-15.7%) |
| Taxable Value | $94,795,599 | $79,930,000 | -14,865,599 (-15.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $79,930,000 | $17,422,029 | $62,507,971 | — | $79,930,000 | $79,930,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $88,410,000 | $17,422,029 | $70,987,971 | — | $88,410,000 | $88,410,000 | ~$1,809,297 | Partial |
| 2024 | $109,700,000 | — | — | −$92,277,971 | $17,422,029 | $— | $1,790,784 | Verified |
| 2023 | $104,531,532 | — | — | −$87,109,503 | $17,422,029 | $— | $1,861,577 | Verified |
| 2022 | $55,610,000 | — | — | −$40,237,622 | $15,372,378 | $— | $2,064,417 | Verified |
| 2021 | $34,354,334 | — | — | −$26,155,732 | $8,198,602 | $— | $909,601 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.2% | +7.2% | ~100% | Not available | Partial |
| 2025 | -8.9% | -8.9% | ~100% | Not available | Partial |
| 2024 | -11.5% | -11.5% | ~100% | 1.8500% | Verified |
| 2023 | +4.9% | +4.9% | ~100% | 1.7000% | Verified |
| 2022 | +88.0% ! | +88.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +59.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.6% | +25.2% | +29.3% | +88.0% | 2023 | -19.4% | 2025 |
| Assessment Ratio | 100.0% | 47.4% | — | 100.0% | 2025 | 15.9% | 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 |
$1,809,297 | $1,687,136 | ~$2,306,819 | $2,064,417 | 2022 | $909,601 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$111,977,651 | ~$97,251,000 | ~2.0139% | ~$1,958,573 | +26.7% |
| 2027 | ~$141,827,785 | ~$106,976,100 | ~1.9814% | ~$2,119,612 | +60.4% |
| 2028 | ~$179,635,134 | ~$117,673,710 | ~1.9488% | ~$2,293,272 | +103.2% |
| 2029 | ~$227,520,874 | ~$129,441,081 | ~1.9163% | ~$2,480,468 | +157.3% |
| 2030 | ~$288,171,622 | ~$142,385,189 | ~1.8837% | ~$2,682,170 | +225.9% |
| 2026 | ~$110,209,451 | ~$97,251,000 | ~2.0465% | ~$1,990,227 | +24.7% |
| 2027 | ~$137,384,043 | ~$106,976,100 | ~2.0465% | ~$2,189,250 | +55.4% |
| 2028 | ~$171,259,133 | ~$117,673,710 | ~2.0465% | ~$2,408,175 | +93.7% |
| 2029 | ~$213,486,881 | ~$129,441,081 | ~2.0465% | ~$2,648,992 | +141.5% |
| 2030 | ~$266,126,819 | ~$142,385,189 | ~2.0465% | ~$2,913,892 | +201.0% |
| 2026 | ~$113,745,851 | ~$97,251,000 | ~1.9977% | ~$1,942,747 | +28.7% |
| 2027 | ~$146,342,255 | ~$106,976,100 | ~1.9488% | ~$2,084,792 | +65.5% |
| 2028 | ~$188,279,882 | ~$117,673,710 | ~1.9000% | ~$2,235,820 | +113.0% |
| 2029 | ~$242,235,669 | ~$129,441,081 | ~1.8512% | ~$2,396,206 | +174.0% |
| 2030 | ~$311,653,687 | ~$142,385,189 | ~1.8024% | ~$2,566,310 | +252.5% |
In 2025, this property's market value of $88,410,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 170× 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 | $88,410,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $109,700,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $104,531,532 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $55,610,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $34,354,334 | $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.