8518 BURNET RD TX 78757
| Owner | BURNET APARTMENTS LP |
|---|---|
| Parcel ID | 0241061035 |
| Short ID | 245987 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 120,666 SF |
| Acres | 2.770 |
| Year Built | — |
| Legal | LOT 2 ROBINSON SAM SUBD & LOT B ROBINSON SAM SUBD NO 2 AMENDED |
| Neighborhood | 1NC3 |
| Land | $5,429,950 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,429,950 |
| Improvement | $64,470,050 |
|---|---|
| Total Improvement | $64,470,050 |
| Market | $69,900,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $69,900,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $69,900,000 |
| Taxable Value | $69,900,000 |
|---|
Appreciation: Market value has risen +1907.9% from $3,481,164 (2021) to $69,900,000 (2025), a CAGR of 111.7% 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 $1,430,493. 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 8% of market value ($5,429,950 land vs $64,470,050 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $69,900,000, 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 +111.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,971,105,278 by 2030, with an estimated annual tax burden around $2,120,617. 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 | 276,841 SF | ✓ |
Market value changed by 160% 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% | $601,380.00 | $601,380.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $340,611.05 | $340,611.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $244,299.25 | $244,299.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $76,714.95 | $76,714.95 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $67,210.00 | $67,210.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,330,215.25 | $1,330,215.25 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $68,490,000 | $69,900,000 | -2.0% |
| Assessed Value | $68,490,000 | $69,900,000 | -2.0% |
| Land Value | $5,429,950 | $5,429,950 | +0.0% |
| Improvement Value | $63,060,050 | $64,470,050 | -2.2% |
| Taxable Value | $68,490,000 | $69,900,000 | -2.0% |
| Total Tax 2026 = estimate |
~$1,401,638
Estimated
|
~$1,330,215
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $72,723,404 | $68,490,000 | -4,233,404 (-5.8%) |
| Taxable Value | $72,723,404 | $68,490,000 | -4,233,404 (-5.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $68,490,000 | $5,429,950 | $63,060,050 | — | $68,490,000 | $68,490,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $69,900,000 | $5,429,950 | $64,470,050 | — | $69,900,000 | $69,900,000 | ~$1,330,215 | Partial |
| 2024 | $18,126,986 | — | — | −$12,697,036 | $5,429,950 | $— | $763,997 | Verified |
| 2023 | $9,058,935 | — | — | −$3,628,985 | $5,429,950 | $— | $327,962 | Verified |
| 2022 | $— | — | — | — | $7,058,935 | $— | $178,907 | Verified |
| 2021 | $3,481,164 | — | — | — | $3,481,164 | $— | $75,774 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.0% | +4.0% | ~100% | Not available | Partial |
| 2025 | +81.3% ! | +81.3% | ~100% | Not available | Partial |
| 2024 | +112.7% ! | +112.7% | ~100% | 1.9800% | Verified |
| 2023 | +100.1% ! | +100.1% | ~100% | 1.8100% | Verified |
| 2022 | +160.2% ! | +160.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1907.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.0% | +136.0% | +112.6% | +285.6% | 2025 | -2.0% | 2026 |
| Assessment Ratio | 100.0% | 78.0% | — | 100.0% | 2021 | 30.0% | 2024 |
| Effective Tax Rate (2025) | 1.9000% | 1.9000% | — | 1.9000% | 2025 | 1.9000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,330,215 | $624,487 | ~$1,823,851 | $1,330,215 | 2025 | $75,774 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$147,967,164 | ~$76,890,000 | ~2.0139% | ~$1,548,516 | +111.7% |
| 2027 | ~$313,222,911 | ~$84,579,000 | ~1.9814% | ~$1,675,838 | +348.1% |
| 2028 | ~$663,043,001 | ~$93,036,900 | ~1.9488% | ~$1,813,140 | +848.6% |
| 2029 | ~$1,403,556,397 | ~$102,340,590 | ~1.9163% | ~$1,961,144 | +1907.9% |
| 2030 | ~$2,971,105,278 | ~$112,574,649 | ~1.8837% | ~$2,120,617 | +4150.5% |
| 2026 | ~$146,569,164 | ~$76,890,000 | ~2.0465% | ~$1,573,542 | +109.7% |
| 2027 | ~$307,332,185 | ~$84,579,000 | ~2.0465% | ~$1,730,897 | +339.7% |
| 2028 | ~$644,426,627 | ~$93,036,900 | ~2.0465% | ~$1,903,986 | +821.9% |
| 2029 | ~$1,351,259,968 | ~$102,340,590 | ~2.0465% | ~$2,094,385 | +1833.1% |
| 2030 | ~$2,833,376,871 | ~$112,574,649 | ~2.0465% | ~$2,303,823 | +3953.5% |
| 2026 | ~$149,365,164 | ~$76,890,000 | ~1.9977% | ~$1,536,003 | +113.7% |
| 2027 | ~$319,169,558 | ~$84,579,000 | ~1.9488% | ~$1,648,309 | +356.6% |
| 2028 | ~$682,014,495 | ~$93,036,900 | ~1.9000% | ~$1,767,717 | +875.7% |
| 2029 | ~$1,457,356,318 | ~$102,340,590 | ~1.8512% | ~$1,894,523 | +1984.9% |
| 2030 | ~$3,114,138,266 | ~$112,574,649 | ~1.8024% | ~$2,029,013 | +4355.1% |
In 2025, this property's market value of $69,900,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 134× 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 | $69,900,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $18,126,986 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $9,058,935 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $3,481,164 | $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.