6801 BURNET RD TX 78757
| Owner | OH BURNET LP |
|---|---|
| Parcel ID | 0234030419 |
| Short ID | 235851 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 154,108 SF |
| Acres | 3.538 |
| Year Built | — |
| Legal | LOT B PENN ESTATE |
| Neighborhood | 32CEN |
| Land | $13,869,705 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $13,869,705 |
| Improvement | $68,850,295 |
|---|---|
| Total Improvement | $68,850,295 |
| Market | $82,720,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $82,720,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $82,720,000 |
| Taxable Value | $82,720,000 |
|---|
Appreciation: Market value has risen +2079.1% from $3,796,075 (2021) to $82,720,000 (2025), a CAGR of 116.1% 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 $1,692,852. 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 17% of market value ($13,869,705 land vs $68,850,295 improvements), about $90/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $82,720,000, 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 +116.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,894,531,336 by 2030, with an estimated annual tax burden around $2,509,548. 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 |
|---|---|---|---|
| ADDL | Additional Floor | 467,647 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +38,396 |
| Travis County | 0.3444% | 0.3758% | +25,974 |
| Austin ISD | 0.9505% | 0.9252% | -20,928 |
| Travis Central Health | 0.1080% | 0.1180% | +8,317 |
| Austin Community College | 0.1013% | 0.1034% | +1,737 |
Market value changed by 259% 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% | $765,325.44 | $416,676.17 | $348,649.27 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $433,466.86 | $235,998.05 | $197,468.81 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $310,898.98 | $169,266.81 | $141,632.17 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $97,628.63 | $53,153.24 | $44,475.39 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $85,532.48 | $46,567.57 | $38,964.91 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,692,852.39 | $921,661.84 | $771,190.55 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $77,750,000 | $82,720,000 | -6.0% |
| Assessed Value | $77,750,000 | $82,720,000 | -6.0% |
| Land Value | $13,869,705 | $13,869,705 | +0.0% |
| Improvement Value | $63,880,295 | $68,850,295 | -7.2% |
| Taxable Value | $77,750,000 | $82,720,000 | -6.0% |
| Total Tax 2026 = estimate |
~$1,591,142
Estimated
|
$1,692,852 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $79,402,857 | $77,750,000 | -1,652,857 (-2.1%) |
| Taxable Value | $79,402,857 | $77,750,000 | -1,652,857 (-2.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $77,750,000 | $13,869,705 | $63,880,295 | — | $77,750,000 | $77,750,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $82,720,000 | $13,869,705 | $68,850,295 | — | $82,720,000 | $82,720,000 | $1,692,852 | Verified |
| 2024 | $29,463,676 | — | — | −$15,593,971 | $13,869,705 | $— | $921,662 | Verified |
| 2023 | $13,869,705 | — | — | — | $13,869,705 | $— | $533,071 | Verified |
| 2022 | $3,864,571 | — | — | — | $13,869,705 ! | $— | $273,916 | Verified |
| 2021 | $3,796,075 | — | — | −$66,700 | $3,729,375 | $— | $84,119 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.0% | -4.0% | ~100% | Not available | Partial |
| 2025 | +77.9% ! | +77.9% | ~100% | 2.0500% | Verified |
| 2024 | +57.8% | +57.8% | ~100% | 1.9800% | Verified |
| 2023 | +112.4% ! | +112.4% | ~100% | 1.8100% | Verified |
| 2022 | +258.9% ! | +258.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2040.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.0% | +109.6% | +118.8% | +258.9% | 2023 | -6.0% | 2026 |
| Assessment Ratio | 100.0% | 134.0% | — | 358.9% | 2022 | 47.1% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
| Tax Amount | $1,692,852 | $701,124 | ~$2,158,354 | $1,692,852 | 2025 | $84,119 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$178,722,595 | ~$90,992,000 | ~2.0139% | ~$1,832,521 | +116.1% |
| 2027 | ~$386,143,205 | ~$100,091,200 | ~1.9814% | ~$1,983,195 | +366.8% |
| 2028 | ~$834,290,564 | ~$110,100,320 | ~1.9488% | ~$2,145,679 | +908.6% |
| 2029 | ~$1,802,545,629 | ~$121,110,352 | ~1.9163% | ~$2,320,827 | +2079.1% |
| 2030 | ~$3,894,531,336 | ~$133,221,387 | ~1.8837% | ~$2,509,548 | +4608.1% |
| 2026 | ~$177,068,195 | ~$90,992,000 | ~2.0465% | ~$1,862,138 | +114.1% |
| 2027 | ~$379,027,389 | ~$100,091,200 | ~2.0465% | ~$2,048,351 | +358.2% |
| 2028 | ~$811,335,777 | ~$110,100,320 | ~2.0465% | ~$2,253,187 | +880.8% |
| 2029 | ~$1,736,723,422 | ~$121,110,352 | ~2.0465% | ~$2,478,505 | +1999.5% |
| 2030 | ~$3,717,583,186 | ~$133,221,387 | ~2.0465% | ~$2,726,356 | +4394.2% |
| 2026 | ~$180,376,995 | ~$90,992,000 | ~1.9977% | ~$1,817,713 | +118.1% |
| 2027 | ~$393,325,196 | ~$100,091,200 | ~1.9488% | ~$1,950,617 | +375.5% |
| 2028 | ~$857,674,286 | ~$110,100,320 | ~1.9000% | ~$2,091,925 | +936.8% |
| 2029 | ~$1,870,221,351 | ~$121,110,352 | ~1.8512% | ~$2,241,988 | +2160.9% |
| 2030 | ~$4,078,154,096 | ~$133,221,387 | ~1.8024% | ~$2,401,144 | +4830.1% |
In 2025, this property's market value of $82,720,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 159× 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 | $82,720,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $29,463,676 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $13,869,705 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $3,864,571 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,796,075 | $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.