11925 RING DR TX 78653
| Owner | CV QOZP PROSE MANOR LLC |
|---|---|
| Parcel ID | 0237670301 |
| Short ID | 943110 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 300,492 SF |
| Land SF | 574,861 SF |
| Acres | 13.197 |
| Year Built | 2022 |
| Legal | LOT 2 BLK B MANOR SE COMMERCIAL PHS 4 LOT 1&2 BLK B |
| Neighborhood | 1FE3 |
| Land | $574,861 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $574,861 |
| Improvement | $49,425,139 |
|---|---|
| Total Improvement | $49,425,139 |
| Market | $50,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $50,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $50,000,000 |
| Taxable Value | $50,000,000 |
|---|
Appreciation: Market value has risen +6352.8% from $774,861 (2022) to $50,000,000 (2025), a CAGR of 301.1% over 3 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 fell -15.5%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.6324% in 2025 (+0.0436% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,316,184. Manor ISD is the largest single contributor, at 41.1% 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 1% of market value ($574,861 land vs $49,425,139 improvements), about $1/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $50,000,000, 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 +301.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $51,905,535,235 by 2030, with an estimated annual tax burden around $1,942,258. 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 | 300,492 SF | ✓ |
Market value changed by 7794% 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $540,700.00 | $540,700.00 | Paid |
| CMA City of Manor | 0.7827% | 0.7470% | 0.6789% | 0.8537% | 0.8537% | +0.0000% | $426,850.00 | $426,850.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $187,922.50 | $187,922.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $59,011.50 | $59,011.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $51,700.00 | $51,700.00 | Paid |
| E12 Travis County ESD # 12 | 0.1000% | 0.1000% | 0.0982% | 0.1000% | 0.1000% | +0.0000% | $50,000.00 | $50,000.00 | Paid |
| Combined Rate | 2.8087% | 2.7146% | 2.3671% | 2.5888% | 2.6324% | +0.0436% | $1,316,184.00 | $1,316,184.00 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $44,000,000 | $50,000,000 | -12.0% |
| Assessed Value | $44,000,000 | $50,000,000 | -12.0% |
| Land Value | $574,861 | $574,861 | +0.0% |
| Improvement Value | $43,425,139 | $49,425,139 | -12.1% |
| Taxable Value | $44,000,000 | $50,000,000 | -12.0% |
| Total Tax 2026 = estimate |
~$1,158,242
Estimated
|
~$1,316,184
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $47,692,053 | $44,000,000 | -3,692,053 (-7.7%) |
| Taxable Value | $47,692,053 | $44,000,000 | -3,692,053 (-7.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $44,000,000 | $574,861 | $43,425,139 | — | $44,000,000 | $44,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $50,000,000 | $574,861 | $49,425,139 | — | $50,000,000 | $50,000,000 | ~$1,316,184 | Partial |
| 2024 | $61,800,000 | — | — | −$61,225,139 | $574,861 | $— | $1,477,143 | Verified |
| 2023 | $58,900,000 | — | — | −$58,325,139 | $574,861 | $— | $1,466,052 | Verified |
| 2022 | $774,861 | — | — | −$200,000 | $574,861 | $— | $1,601,152 | Verified |
| 2021 | $— | — | — | — | $574,861 | $— | $21,763 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.6% | -4.6% | ~100% | Not available | Partial |
| 2025 | -14.5% | -14.5% | ~100% | Not available | Partial |
| 2024 | -10.0% | -10.0% | ~100% | 2.5300% | Verified |
| 2023 | +6.3% | +6.3% | ~100% | 2.2600% | Verified |
| 2022 | +7794.2% ! | +7794.2% | ~100% | 2.6200% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6352.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.0% | +1868.8% | +312.0% | +7501.4% | 2023 | -19.1% | 2025 |
| Assessment Ratio | 100.0% | 55.2% | — | 100.0% | 2025 | 0.9% | 2024 |
| Effective Tax Rate (2025) | 2.6300% | 2.6300% | — | 2.6300% | 2025 | 2.6300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,316,184 | $1,465,133 | ~$1,673,373 | $1,601,152 | 2022 | $1,316,184 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$200,548,186 | ~$55,000,000 | ~2.5883% | ~$1,423,560 | +301.1% |
| 2027 | ~$804,391,499 | ~$60,500,000 | ~2.5442% | ~$1,539,249 | +1508.8% |
| 2028 | ~$3,226,385,119 | ~$66,550,000 | ~2.5001% | ~$1,663,840 | +6352.8% |
| 2029 | ~$12,940,913,665 | ~$73,205,000 | ~2.4561% | ~$1,797,957 | +25781.8% |
| 2030 | ~$51,905,535,235 | ~$80,525,500 | ~2.4120% | ~$1,942,258 | +103711.1% |
| 2026 | ~$199,548,186 | ~$55,000,000 | ~2.6324% | ~$1,447,802 | +299.1% |
| 2027 | ~$796,389,571 | ~$60,500,000 | ~2.6324% | ~$1,592,583 | +1492.8% |
| 2028 | ~$3,178,361,887 | ~$66,550,000 | ~2.6324% | ~$1,751,841 | +6256.7% |
| 2029 | ~$12,684,726,986 | ~$73,205,000 | ~2.6324% | ~$1,927,025 | +25269.5% |
| 2030 | ~$50,624,285,218 | ~$80,525,500 | ~2.6324% | ~$2,119,727 | +101148.6% |
| 2026 | ~$201,548,186 | ~$55,000,000 | ~2.5663% | ~$1,411,438 | +303.1% |
| 2027 | ~$812,433,426 | ~$60,500,000 | ~2.5001% | ~$1,512,582 | +1524.9% |
| 2028 | ~$3,274,889,667 | ~$66,550,000 | ~2.4340% | ~$1,619,839 | +6449.8% |
| 2029 | ~$13,200,961,440 | ~$73,205,000 | ~2.3679% | ~$1,733,422 | +26301.9% |
| 2030 | ~$53,212,596,654 | ~$80,525,500 | ~2.3018% | ~$1,853,524 | +106325.2% |
In 2025, this property's market value of $50,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 96× 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 | $50,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $61,800,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $58,900,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $774,861 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | — | $300,453 | $376,850 | $539,896 | — | 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.