5629 N LAMAR BLVD TX
| Owner | BG 20 NORTH LAMAR PROPERTY OWNER LLC |
|---|---|
| Parcel ID | 0228070501 |
| Short ID | 228900 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 235,476 SF |
| Land SF | 145,451 SF |
| Acres | 3.339 |
| Year Built | — |
| Legal | TRG N LAMAR SUBD |
| Neighborhood | 08NC |
| Land | $12,363,335 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $12,363,335 |
| Improvement | $56,007,314 |
|---|---|
| Total Improvement | $56,007,314 |
| Market | $68,370,649 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $68,370,649 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $68,370,649 |
| Taxable Value | $68,370,649 |
|---|
Appreciation: Market value has risen +750.8% from $8,036,168 (2021) to $68,370,649 (2025), a CAGR of 70.8% 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 $1,399,195. 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 18% of market value ($12,363,335 land vs $56,007,314 improvements), about $85/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $68,370,649, 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 +70.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $993,448,987 by 2030, with an estimated annual tax burden around $18,714,021. 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 | 235,476 SF | ✓ |
Market value changed by 206% 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% | $632,565.24 | $632,565.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $358,273.82 | $358,273.82 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $256,967.67 | $256,967.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $80,693.09 | $80,693.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $70,695.25 | $70,695.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,399,195.07 | $1,399,195.07 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $60,770,000 | $68,370,649 | -11.1% |
| Assessed Value | $60,770,000 | $68,370,649 | -11.1% |
| Land Value | $12,363,335 | $12,363,335 | +0.0% |
| Improvement Value | $48,406,665 | $56,007,314 | -13.6% |
| Taxable Value | $60,770,000 | $68,370,649 | -11.1% |
| Total Tax 2026 = estimate |
~$1,243,649
Estimated
|
~$1,399,195
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $63,127,064 | $60,770,000 | -2,357,064 (-3.7%) |
| Taxable Value | $63,127,064 | $60,770,000 | -2,357,064 (-3.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $60,770,000 | $12,363,335 | $48,406,665 | — | $60,770,000 | $60,770,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $68,370,649 | $12,363,335 | $56,007,314 | — | $68,370,649 | $68,370,649 | ~$1,399,195 | Partial |
| 2024 | $90,970,000 | — | — | −$78,606,665 | $12,363,335 | $— | $1,275,249 | Verified |
| 2023 | $86,200,000 | — | — | −$73,836,665 | $12,363,335 | $— | $1,458,214 | Verified |
| 2022 | $28,145,901 | — | — | −$17,637,066 | $10,508,835 | $— | $1,632,963 | Verified |
| 2021 | $8,036,168 | — | — | — | $8,036,168 | $— | $612,646 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.7% | -7.7% | ~100% | Not available | Partial |
| 2025 | -3.4% | -3.4% | ~100% | Not available | Partial |
| 2024 | -22.2% | -22.2% | ~100% | 1.8000% | Verified |
| 2023 | +5.5% | +5.5% | ~100% | 1.6000% | Verified |
| 2022 | +206.3% ! | +206.3% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 7.6200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +142.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -11.1% | +85.2% | +75.1% | +250.2% | 2022 | -24.8% | 2025 |
| Assessment Ratio | 100.0% | 60.9% | — | 100.0% | 2021 | 13.6% | 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 |
$1,399,195 | $1,275,654 | ~$8,560,298 | $1,632,963 | 2022 | $612,646 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$116,768,278 | ~$116,768,278 | ~2.0139% | ~$2,351,639 | +70.8% |
| 2027 | ~$199,425,206 | ~$199,425,206 | ~1.9814% | ~$3,951,387 | +191.7% |
| 2028 | ~$340,592,612 | ~$340,592,612 | ~1.9488% | ~$6,637,603 | +398.2% |
| 2029 | ~$581,688,392 | ~$581,688,392 | ~1.9163% | ~$11,146,842 | +750.8% |
| 2030 | ~$993,448,987 | ~$993,448,987 | ~1.8837% | ~$18,714,021 | +1353.0% |
| 2026 | ~$115,400,865 | ~$115,400,865 | ~2.0465% | ~$2,361,661 | +68.8% |
| 2027 | ~$194,781,823 | ~$194,781,823 | ~2.0465% | ~$3,986,181 | +184.9% |
| 2028 | ~$328,766,675 | ~$328,766,675 | ~2.0465% | ~$6,728,161 | +380.9% |
| 2029 | ~$554,915,878 | ~$554,915,878 | ~2.0465% | ~$11,356,270 | +711.6% |
| 2030 | ~$936,626,657 | ~$936,626,657 | ~2.0465% | ~$19,167,924 | +1269.9% |
| 2026 | ~$118,135,691 | ~$118,135,691 | ~1.9977% | ~$2,359,952 | +72.8% |
| 2027 | ~$204,123,286 | ~$204,123,286 | ~1.9488% | ~$3,978,035 | +198.6% |
| 2028 | ~$352,698,794 | ~$352,698,794 | ~1.9000% | ~$6,701,336 | +415.9% |
| 2029 | ~$609,418,169 | ~$609,418,169 | ~1.8512% | ~$11,281,513 | +791.3% |
| 2030 | ~$1,052,996,244 | ~$1,052,996,244 | ~1.8024% | ~$18,978,902 | +1440.1% |
In 2025, this property's market value of $68,370,649 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 132× 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 | $68,370,649 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $90,970,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $86,200,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $28,145,901 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $8,036,168 | $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.