824 FAIRFIELD DR AUSTIN, TX 78758
| Owner | FAIRFIELD ON LAMAR LLC |
|---|---|
| Parcel ID | 0238150119 |
| Short ID | 241775 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 21,672 SF |
| Land SF | 97,008 SF |
| Acres | 2.227 |
| Year Built | 1984 |
| Legal | LOT 2B RESUB NO 3 BLK 2 JAMESTOWN SEC 4 |
| Neighborhood | 06NO |
| Land | $1,164,096 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,164,096 |
| Improvement | $4,765,904 |
|---|---|
| Total Improvement | $4,765,904 |
| Market | $5,930,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $5,930,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $5,930,000 |
| Taxable Value | $5,930,000 |
|---|
Appreciation: Market value has risen +37.9% from $4,300,000 (2021) to $5,930,000 (2025), a CAGR of 8.4% 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 lagged 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 $121,357. 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 ($1,164,096 land vs $4,765,904 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age (~42 yrs), and rent roll drive the underwriting.
Submarket Position: At $5,930,000, 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 +8.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,862,117 by 2030, with an estimated annual tax burden around $166,939. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 26,037 SF | ✗ |
| SO | Sketch Only | 13,112 SF | ✗ |
| 1ST | 1st Floor | 10,836 SF | ✓ |
| 2ND | 2nd Floor | 10,836 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 3,960 SF | ✗ |
| 591 | MASONRY TRIM SF | 3,110 SF | ✗ |
| 501 | CANOPY | 832 SF | ✗ |
| 601 | POOL COMM'L | 450 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 549 | FENCE COMM FV | 1 SF | ✗ |
| MISC | Miscellaneous | 1 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $54,864.36 | $54,864.36 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $31,074.21 | $31,074.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $22,287.61 | $22,287.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $6,998.76 | $6,998.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $6,131.62 | $6,131.62 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $121,356.56 | $121,356.56 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $5,662,210 | $5,930,000 | -4.5% |
| Assessed Value | $5,662,210 | $5,930,000 | -4.5% |
| Land Value | $1,164,096 | $1,164,096 | +0.0% |
| Improvement Value | $4,498,114 | $4,765,904 | -5.6% |
| Taxable Value | $5,662,210 | $5,930,000 | -4.5% |
| Total Tax 2026 = estimate |
~$115,876
Estimated
|
~$121,357
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $5,662,210 | $5,662,210 | +0 (+0.0%) |
| Taxable Value | $5,662,210 | $5,662,210 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $5,662,210 | $1,164,096 | $4,498,114 | — | $5,662,210 | $5,662,210 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $5,930,000 | $1,164,096 | $4,765,904 | — | $5,930,000 | $5,930,000 | ~$121,357 | Partial |
| 2024 | $4,750,000 | — | — | −$3,585,904 | $1,164,096 | $— | $100,735 | Verified |
| 2023 | $4,967,973 | — | — | −$3,803,877 | $1,164,096 | $— | $86,383 | Verified |
| 2022 | $4,439,000 | — | — | −$3,274,904 | $1,164,096 | $— | $98,114 | Verified |
| 2021 | $4,300,000 | — | — | −$3,135,904 | $1,164,096 | $— | $96,623 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.5% | -4.5% | ~100% | Not available | Partial |
| 2025 | +7.8% | +7.8% | ~100% | Not available | Partial |
| 2024 | +5.8% | +5.8% | ~100% | 1.8300% | Verified |
| 2023 | +4.7% | +4.7% | ~100% | 1.6600% | Verified |
| 2022 | +11.9% | +11.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +33.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.5% | +6.2% | +9.4% | +24.8% | 2025 | -4.5% | 2026 |
| Assessment Ratio | 100.0% | 50.2% | — | 100.0% | 2025 | 23.4% | 2023 |
| 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 |
$121,357 | $100,642 | ~$147,624 | $121,357 | 2025 | $86,383 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$6,426,156 | ~$6,426,156 | ~2.0139% | ~$129,419 | +8.4% |
| 2027 | ~$6,963,824 | ~$6,963,824 | ~1.9814% | ~$137,980 | +17.4% |
| 2028 | ~$7,546,479 | ~$7,546,479 | ~1.9488% | ~$147,069 | +27.3% |
| 2029 | ~$8,177,884 | ~$8,177,884 | ~1.9163% | ~$156,712 | +37.9% |
| 2030 | ~$8,862,117 | ~$8,862,117 | ~1.8837% | ~$166,939 | +49.4% |
| 2026 | ~$6,307,556 | ~$6,307,556 | ~2.0465% | ~$129,083 | +6.4% |
| 2027 | ~$6,709,150 | ~$6,709,150 | ~2.0465% | ~$137,302 | +13.1% |
| 2028 | ~$7,136,314 | ~$7,136,314 | ~2.0465% | ~$146,044 | +20.3% |
| 2029 | ~$7,590,674 | ~$7,590,674 | ~2.0465% | ~$155,342 | +28.0% |
| 2030 | ~$8,073,963 | ~$8,073,963 | ~2.0465% | ~$165,232 | +36.2% |
| 2026 | ~$6,544,756 | ~$6,523,000 | ~1.9977% | ~$130,308 | +10.4% |
| 2027 | ~$7,223,243 | ~$7,175,300 | ~1.9488% | ~$139,835 | +21.8% |
| 2028 | ~$7,972,067 | ~$7,892,830 | ~1.9000% | ~$149,965 | +34.4% |
| 2029 | ~$8,798,522 | ~$8,682,113 | ~1.8512% | ~$160,723 | +48.4% |
| 2030 | ~$9,710,654 | ~$9,550,324 | ~1.8024% | ~$172,132 | +63.8% |
In 2025, this property's market value of $5,930,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 11× 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 | $5,930,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $4,750,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $4,967,973 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $4,439,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $4,300,000 | $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.