BOYCE LN TX 78653
| Owner | PARK AT SPEYSIDE LP |
|---|---|
| Parcel ID | 0242410602 |
| Short ID | 477384 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 217,800 SF |
| Land SF | 715,125 SF |
| Acres | 16.417 |
| Year Built | 2024 |
| Legal | ABS 160 SUR 50 CASTRO M ACR 15.03 |
| Neighborhood | 1NE1 |
| Land | $715,125 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $715,125 |
| Improvement | $43,854,875 |
|---|---|
| Total Improvement | $43,854,875 |
| Market | $44,570,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $44,570,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $44,570,000 |
| Taxable Value | $44,570,000 |
|---|
Appreciation: Market value has risen +6707.6% from $654,707 (2021) to $44,570,000 (2025), a CAGR of 187.2% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→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 1.7787% in 2025 (+0.0436% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $792,752. Manor ISD is the largest single contributor, at 60.8% 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 2% of market value ($715,125 land vs $43,854,875 improvements), about $1/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $44,570,000, 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 +187.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $8,715,397,433 by 2030, with an estimated annual tax burden around $128,075,315. 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 | 217,800 SF | ✓ |
Market value changed by 2455% in 2024, 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% | $481,979.98 | $481,979.98 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $167,514.12 | $167,514.12 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $52,602.85 | $52,602.85 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $46,085.38 | $46,085.38 | Paid |
| E12 Travis County ESD # 12 | 0.1000% | 0.1000% | 0.0982% | 0.1000% | 0.1000% | +0.0000% | $44,570.00 | $44,570.00 | Paid |
| Combined Rate | 2.0260% | 1.9676% | 1.6882% | 1.7351% | 1.7787% | +0.0436% | $792,752.33 | $792,752.33 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $48,610,000 | $44,570,000 | +9.1% |
| Assessed Value | $48,610,000 | $44,570,000 | +9.1% |
| Land Value | $715,125 | $715,125 | +0.0% |
| Improvement Value | $47,894,875 | $43,854,875 | +9.2% |
| Taxable Value | $10,121,534 | $44,570,000 | -77.3% |
| Total Tax 2026 = estimate |
~$180,028
Estimated
|
~$792,752
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $48,610,000 | $48,610,000 | +0 (+0.0%) |
| Taxable Value | $10,121,534 | $10,121,534 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $48,610,000 | $715,125 | $47,894,875 | — | $48,610,000 | $10,121,534 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $44,570,000 | $715,125 | $43,854,875 | — | $44,570,000 | $44,570,000 | ~$792,752 | Partial |
| 2024 | $— | — | — | — | $715,125 | $— | $281,998 | Verified |
| 2023 | $— | — | — | — | $636,107 | $— | $10,739 | Verified |
| 2022 | $— | — | — | — | $654,707 | $— | $12,535 | Verified |
| 2021 | $654,707 | — | — | — | $654,707 | $— | $13,264 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +9.1% | +9.1% | ~100% | Not available | Partial |
| 2025 | +174.2% ! | +174.2% | ~100% | Not available | Partial |
| 2024 | +2455.0% ! | +2455.0% | ~100% | 1.7400% | Verified |
| 2023 | -2.8% | -2.8% | ~100% | 1.6900% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9100% | Verified |
| 2021 | base year | — | ~100% | 2.0300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6707.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +9.1% | +3358.4% | +182.5% | +6707.6% | 2025 | +9.1% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.7800% | 1.7800% | — | 1.7800% | 2025 | 1.7800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$792,752 | $403,008 | ~$39,930,423 | $792,752 | 2025 | $13,264 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$128,024,045 | ~$128,024,045 | ~1.7168% | ~$2,197,968 | +187.2% |
| 2027 | ~$367,739,650 | ~$367,739,650 | ~1.6550% | ~$6,086,137 | +725.1% |
| 2028 | ~$1,056,305,087 | ~$1,056,305,087 | ~1.5932% | ~$16,828,892 | +2270.0% |
| 2029 | ~$3,034,158,639 | ~$3,034,158,639 | ~1.5314% | ~$46,463,801 | +6707.6% |
| 2030 | ~$8,715,397,433 | ~$8,715,397,433 | ~1.4695% | ~$128,075,315 | +19454.4% |
| 2026 | ~$127,132,645 | ~$127,132,645 | ~1.7787% | ~$2,261,268 | +185.2% |
| 2027 | ~$362,636,517 | ~$362,636,517 | ~1.7787% | ~$6,450,100 | +713.6% |
| 2028 | ~$1,034,393,981 | ~$1,034,393,981 | ~1.7787% | ~$18,398,435 | +2220.8% |
| 2029 | ~$2,950,532,717 | ~$2,950,532,717 | ~1.7787% | ~$52,480,181 | +6520.0% |
| 2030 | ~$8,416,177,473 | ~$8,416,177,473 | ~1.7787% | ~$149,695,856 | +18783.1% |
| 2026 | ~$128,915,445 | ~$128,915,445 | ~1.6859% | ~$2,173,419 | +189.2% |
| 2027 | ~$372,878,440 | ~$372,878,440 | ~1.5932% | ~$5,940,642 | +736.6% |
| 2028 | ~$1,078,523,452 | ~$1,078,523,452 | ~1.5004% | ~$16,182,631 | +2319.8% |
| 2029 | ~$3,119,549,725 | ~$3,119,549,725 | ~1.4077% | ~$43,913,948 | +6899.2% |
| 2030 | ~$9,023,068,039 | ~$9,023,068,039 | ~1.3150% | ~$118,649,724 | +20144.7% |
In 2025, this property's market value of $44,570,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 86× 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 | $44,570,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | — | $467,458 | $564,615 | $848,565 | — | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $654,707 | $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.