8965 RESEARCH BLVD TX 78758
| Owner | FAIRFIELD METRIC PARTNERSHIP LP |
|---|---|
| Parcel ID | 0245080111 |
| Short ID | 426262 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 230,798 SF |
| Acres | 5.298 |
| Year Built | — |
| Legal | LOT 1 BILTMORE PLAZA AMENDED PLAT OF LOTS 1 & 2 |
| Neighborhood | 00EXE |
| Land | $9,231,932 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,231,932 |
| Improvement | $43,375,118 |
|---|---|
| Total Improvement | $43,375,118 |
| Market | $52,607,050 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $52,607,050 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $52,607,050 |
| Taxable Value | $52,607,050 |
|---|
Appreciation: Market value has risen +4114.0% from $1,248,391 (2021) to $52,607,050 (2025), a CAGR of 154.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), 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 $1,076,595. 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 18% of market value ($9,231,932 land vs $43,375,118 improvements), about $40/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $52,607,050, 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 +154.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,648,206,923 by 2030, with an estimated annual tax burden around $1,595,985. 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 | 321,750 SF | ✓ |
Market value changed by 198% 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% | $486,720.43 | $486,720.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $275,669.89 | $275,669.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $197,720.97 | $197,720.97 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $62,088.42 | $62,088.42 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $54,395.69 | $54,395.69 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,076,595.40 | $1,076,595.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $95,810,000 | $52,607,050 | +82.1% |
| Assessed Value | $95,810,000 | $52,607,050 | +82.1% |
| Land Value | $9,231,932 | $9,231,932 | +0.0% |
| Improvement Value | $86,578,068 | $43,375,118 | +99.6% |
| Taxable Value | $95,810,000 | $52,607,050 | +82.1% |
| Total Tax 2026 = estimate |
~$1,960,737
Estimated
|
~$1,076,595
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $101,331,678 | $95,810,000 | -5,521,678 (-5.4%) |
| Taxable Value | $101,331,678 | $95,810,000 | -5,521,678 (-5.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $95,810,000 | $9,231,932 | $86,578,068 | — | $95,810,000 | $95,810,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $52,607,050 | $9,231,932 | $43,375,118 | — | $52,607,050 | $52,607,050 | ~$1,076,595 | Partial |
| 2024 | $36,250,000 | — | — | −$33,167,457 | $3,082,543 | $— | $969,909 | Verified |
| 2023 | $14,834,423 | — | — | −$12,907,834 | $1,926,589 | $— | $657,324 | Verified |
| 2022 | $4,981,077 | — | — | −$3,054,488 | $1,926,589 | $— | $292,968 | Verified |
| 2021 | $1,248,391 | — | — | — | $3,051,075 ! | $— | $77,736 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +92.6% ! | +92.6% | ~100% | Not available | Partial |
| 2025 | +7.5% | +7.5% | ~100% | Not available | Partial |
| 2024 | +29.7% | +29.7% | ~100% | 1.9800% | Verified |
| 2023 | +154.4% ! | +154.4% | ~100% | 1.7400% | Verified |
| 2022 | +197.8% ! | +197.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 6.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +956.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +82.1% | +153.7% | +131.8% | +299.0% | 2022 | +45.1% | 2025 |
| Assessment Ratio | 100.0% | 84.1% | — | 244.4% | 2021 | 8.5% | 2024 |
| 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 |
$1,076,595 | $614,907 | ~$1,372,638 | $1,076,595 | 2025 | $77,736 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$134,034,710 | ~$57,867,755 | ~2.0139% | ~$1,165,420 | +154.8% |
| 2027 | ~$341,499,922 | ~$63,654,531 | ~1.9814% | ~$1,261,243 | +549.2% |
| 2028 | ~$870,089,522 | ~$70,019,984 | ~1.9488% | ~$1,364,577 | +1553.9% |
| 2029 | ~$2,216,854,903 | ~$77,021,982 | ~1.9163% | ~$1,475,965 | +4114.0% |
| 2030 | ~$5,648,206,923 | ~$84,724,180 | ~1.8837% | ~$1,595,985 | +10636.6% |
| 2026 | ~$132,982,569 | ~$57,867,755 | ~2.0465% | ~$1,184,255 | +152.8% |
| 2027 | ~$336,159,576 | ~$63,654,531 | ~2.0465% | ~$1,302,680 | +539.0% |
| 2028 | ~$849,759,948 | ~$70,019,984 | ~2.0465% | ~$1,432,948 | +1515.3% |
| 2029 | ~$2,148,063,061 | ~$77,021,982 | ~2.0465% | ~$1,576,243 | +3983.2% |
| 2030 | ~$5,429,974,578 | ~$84,724,180 | ~2.0465% | ~$1,733,868 | +10221.8% |
| 2026 | ~$135,086,851 | ~$57,867,755 | ~1.9977% | ~$1,156,002 | +156.8% |
| 2027 | ~$346,882,353 | ~$63,654,531 | ~1.9488% | ~$1,240,525 | +559.4% |
| 2028 | ~$890,740,780 | ~$70,019,984 | ~1.9000% | ~$1,330,391 | +1593.2% |
| 2029 | ~$2,287,285,963 | ~$77,021,982 | ~1.8512% | ~$1,425,826 | +4247.9% |
| 2030 | ~$5,873,400,199 | ~$84,724,180 | ~1.8024% | ~$1,527,044 | +11064.7% |
In 2025, this property's market value of $52,607,050 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 101× 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 | $52,607,050 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $36,250,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $14,834,423 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $4,981,077 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,248,391 | $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.