1814 COLONY CREEK DR TX 78758
| Owner | COLONY CREEK APARTMENTS LLC |
|---|---|
| Parcel ID | 0243100215 |
| Short ID | 248733 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 20,780 SF |
| Land SF | 72,400 SF |
| Acres | 1.662 |
| Year Built | 1984 |
| Legal | LOT B *SECOND RESUB OF LT 2 NORTHGATE TERRACE SEC 1 |
| Neighborhood | 06NO |
| Land | $521,280 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $521,280 |
| Improvement | $4,362,020 |
|---|---|
| Total Improvement | $4,362,020 |
| Market | $4,883,300 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,883,300 |
| Value Limitation Adjustment (−) (homestead cap) | −$271,700 |
| Net Appraised (assessed) | $4,611,600 |
| Taxable Value | $4,611,600 |
|---|
Appreciation: Market value has risen +42.4% from $3,428,700 (2021) to $4,883,300 (2025), a CAGR of 9.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $94,376. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($4,611,600) is $271,700 below market value, suggesting potential for an upward assessment in future years.
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 11% of market value ($521,280 land vs $4,362,020 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~42 yrs), and rent roll drive the underwriting.
Submarket Position: At $4,883,300, 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 +9.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $7,597,895 by 2030, with an estimated annual tax burden around $139,906. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 26,102 SF | ✗ |
| 551 | PAVED AREA | 18,750 SF | ✗ |
| 1ST | 1st Floor | 10,664 SF | ✓ |
| 2ND | 2nd Floor | 10,116 SF | ✓ |
| 591 | MASONRY TRIM SF | 4,250 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 2,326 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 2,124 SF | ✗ |
| 581C | STORAGE ATT COMM | 1,152 SF | ✓ |
| 601 | POOL COMM'L | 512 SF | ✗ |
| MISC | Miscellaneous | 2 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $42,666.52 | $42,666.52 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $24,165.57 | $24,165.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $17,332.47 | $17,332.47 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $5,442.75 | $5,442.75 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,768.39 | $4,768.39 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $94,375.70 | $94,375.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,675,500 | $4,883,300 | -4.3% |
| Assessed Value | $4,675,500 | $4,611,600 | +1.4% |
| Land Value | $521,280 | $521,280 | +0.0% |
| Improvement Value | $4,154,220 | $4,362,020 | -4.8% |
| Taxable Value | $4,675,500 | $4,611,600 | +1.4% |
| Total Tax 2026 = estimate |
~$95,683
Estimated
|
~$94,376
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,675,500 | $4,675,500 | +0 (+0.0%) |
| Taxable Value | $4,675,500 | $4,675,500 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,675,500 | $521,280 | $4,154,220 | — | $4,675,500 | $4,675,500 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,883,300 | $521,280 | $4,362,020 | −$271,700 | $4,611,600 | $4,611,600 | ~$94,376 | Partial |
| 2024 | $4,571,600 | — | — | −$4,050,320 | $521,280 | $— | $76,161 | Verified |
| 2023 | $3,948,200 | — | — | −$3,426,920 | $521,280 | $— | $82,712 | Verified |
| 2022 | $3,740,400 | — | — | −$3,219,120 | $521,280 | $— | $77,974 | Verified |
| 2021 | $3,428,700 | — | — | −$2,907,420 | $521,280 | $— | $81,416 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.3% | +1.4% | ~100% | Not available | Partial |
| 2025 | +27.1% | +20.0% | 94.4% | Not available | Partial |
| 2024 | -15.9% | -15.9% | ~100% | 1.9800% | Verified |
| 2023 | +15.8% | +15.8% | ~100% | 1.8100% | Verified |
| 2022 | +5.6% | +5.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.3% | +6.6% | +10.2% | +15.8% | 2024 | -4.3% | 2026 |
| Assessment Ratio | 100.0% | 41.4% | — | 100.0% | 2026 | 11.4% | 2024 |
| Effective Tax Rate (2025) | 1.9300% | 1.9300% | — | 1.9300% | 2025 | 1.9300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$94,376 | $82,528 | ~$120,327 | $94,376 | 2025 | $76,161 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,334,692 | ~$5,072,760 | ~2.0139% | ~$102,162 | +9.2% |
| 2027 | ~$5,827,810 | ~$5,580,036 | ~1.9814% | ~$110,562 | +19.3% |
| 2028 | ~$6,366,509 | ~$6,138,040 | ~1.9488% | ~$119,621 | +30.4% |
| 2029 | ~$6,955,003 | ~$6,751,844 | ~1.9163% | ~$129,385 | +42.4% |
| 2030 | ~$7,597,895 | ~$7,427,028 | ~1.8837% | ~$139,906 | +55.6% |
| 2026 | ~$5,237,026 | ~$5,072,760 | ~2.0465% | ~$103,813 | +7.2% |
| 2027 | ~$5,616,375 | ~$5,580,036 | ~2.0465% | ~$114,195 | +15.0% |
| 2028 | ~$6,023,203 | ~$6,023,203 | ~2.0465% | ~$123,264 | +23.3% |
| 2029 | ~$6,459,499 | ~$6,459,499 | ~2.0465% | ~$132,193 | +32.3% |
| 2030 | ~$6,927,399 | ~$6,927,399 | ~2.0465% | ~$141,768 | +41.9% |
| 2026 | ~$5,432,358 | ~$5,072,760 | ~1.9977% | ~$101,337 | +11.2% |
| 2027 | ~$6,043,151 | ~$5,580,036 | ~1.9488% | ~$108,746 | +23.8% |
| 2028 | ~$6,722,618 | ~$6,138,040 | ~1.9000% | ~$116,624 | +37.7% |
| 2029 | ~$7,478,482 | ~$6,751,844 | ~1.8512% | ~$124,990 | +53.1% |
| 2030 | ~$8,319,332 | ~$7,427,028 | ~1.8024% | ~$133,863 | +70.4% |
In 2025, this property's market value of $4,883,300 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 9× 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 | $4,883,300 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $4,571,600 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $3,948,200 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $3,740,400 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,428,700 | $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.