5401 E PARMER LN TX 78753
| Owner | GW CREEKSIDE AUSTIN LTD |
|---|---|
| Parcel ID | 0242410516 |
| Short ID | 832104 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 289,982 SF |
| Land SF | 915,196 SF |
| Acres | 21.010 |
| Year Built | 2019 |
| Legal | LOT 2 HARRIS BRANCH TRACT E33 |
| Neighborhood | 08NO2 |
| Land | $11,897,543 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $11,897,543 |
| Improvement | $39,212,457 |
|---|---|
| Total Improvement | $39,212,457 |
| Market | $51,110,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $51,110,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $51,110,000 |
| Taxable Value | $51,110,000 |
|---|
Appreciation: Market value has risen +13.3% from $45,100,000 (2021) to $51,110,000 (2025), a CAGR of 3.2% over 4 years. Growth has been relatively flat for this asset class. 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 lagged the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,125,792. Manor ISD is the largest single contributor, at 49.1% 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 23% of market value ($11,897,543 land vs $39,212,457 improvements), about $13/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $51,110,000, 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 +3.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $59,760,959 by 2030, with an estimated annual tax burden around $1,118,915. 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 | 289,982 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $552,703.54 | $552,703.54 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $267,825.09 | $267,825.09 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $192,094.38 | $192,094.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $60,321.56 | $60,321.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $52,847.74 | $52,847.74 | Paid |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $1,125,792.31 | $1,125,792.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $48,840,000 | $51,110,000 | -4.4% |
| Assessed Value | $48,840,000 | $51,110,000 | -4.4% |
| Land Value | $11,897,543 | $11,897,543 | +0.0% |
| Improvement Value | $36,942,457 | $39,212,457 | -5.8% |
| Taxable Value | $48,840,000 | $51,110,000 | -4.4% |
| Total Tax 2026 = estimate |
~$1,075,791
Estimated
|
~$1,125,792
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $49,840,959 | $48,840,000 | -1,000,959 (-2.0%) |
| Taxable Value | $49,840,959 | $48,840,000 | -1,000,959 (-2.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $48,840,000 | $11,897,543 | $36,942,457 | — | $48,840,000 | $48,840,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $51,110,000 | $11,897,543 | $39,212,457 | — | $51,110,000 | $51,110,000 | ~$1,125,792 | Partial |
| 2024 | $58,750,000 | — | — | −$46,852,457 | $11,897,543 | $— | $1,182,063 | Verified |
| 2023 | $59,000,000 | — | — | −$57,169,609 | $1,830,391 | $— | $1,199,067 | Verified |
| 2022 | $47,790,000 | — | — | −$45,959,609 | $1,830,391 | $— | $1,238,762 | Verified |
| 2021 | $45,100,000 | — | — | −$43,269,609 | $1,830,391 | $— | $1,070,545 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.5% | -2.5% | ~100% | Not available | Partial |
| 2025 | -8.7% | -8.7% | ~100% | Not available | Partial |
| 2024 | -15.4% | -15.4% | ~100% | 2.1100% | Verified |
| 2023 | +12.0% | +12.0% | ~100% | 1.8100% | Verified |
| 2022 | +23.5% | +23.5% | ~100% | 2.1000% | Verified |
| 2021 | base year | — | ~100% | 2.3700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.4% | +2.3% | +4.1% | +23.5% | 2023 | -13.0% | 2025 |
| Assessment Ratio | 100.0% | 38.6% | — | 100.0% | 2025 | 3.1% | 2023 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,125,792 | $1,163,246 | ~$1,124,035 | $1,238,762 | 2022 | $1,070,545 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$52,733,697 | ~$52,733,697 | ~2.1366% | ~$1,126,714 | +3.2% |
| 2027 | ~$54,408,976 | ~$54,408,976 | ~2.0705% | ~$1,126,559 | +6.5% |
| 2028 | ~$56,137,476 | ~$56,137,476 | ~2.0045% | ~$1,125,256 | +9.8% |
| 2029 | ~$57,920,889 | ~$57,920,889 | ~1.9384% | ~$1,122,733 | +13.3% |
| 2030 | ~$59,760,959 | ~$59,760,959 | ~1.8723% | ~$1,118,915 | +16.9% |
| 2026 | ~$51,711,497 | ~$51,711,497 | ~2.2027% | ~$1,139,041 | +1.2% |
| 2027 | ~$52,320,072 | ~$52,320,072 | ~2.2027% | ~$1,152,446 | +2.4% |
| 2028 | ~$52,935,809 | ~$52,935,809 | ~2.2027% | ~$1,166,009 | +3.6% |
| 2029 | ~$53,558,793 | ~$53,558,793 | ~2.2027% | ~$1,179,731 | +4.8% |
| 2030 | ~$54,189,109 | ~$54,189,109 | ~2.2027% | ~$1,193,615 | +6.0% |
| 2026 | ~$53,755,897 | ~$53,755,897 | ~2.1036% | ~$1,130,795 | +5.2% |
| 2027 | ~$56,538,768 | ~$56,538,768 | ~2.0045% | ~$1,133,300 | +10.6% |
| 2028 | ~$59,465,704 | ~$59,465,704 | ~1.9054% | ~$1,133,032 | +16.3% |
| 2029 | ~$62,544,164 | ~$62,544,164 | ~1.8062% | ~$1,129,700 | +22.4% |
| 2030 | ~$65,781,992 | ~$65,781,992 | ~1.7071% | ~$1,122,987 | +28.7% |
In 2025, this property's market value of $51,110,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 98× 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 | $51,110,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $58,750,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $59,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $47,790,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $45,100,000 | $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.