INNOVAR CIR TX 78653
| Owner | VAUGHAN ATX LLC |
|---|---|
| Parcel ID | 0247380302 |
| Short ID | 942982 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 618,552 SF |
| Acres | 14.200 |
| Year Built | — |
| Legal | LOT 13 BLK C EASTVILLAGE |
| Neighborhood | 1NE2 |
| Land | $7,422,624 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,422,624 |
| Improvement | $68,527,376 |
|---|---|
| Total Improvement | $68,527,376 |
| Market | $75,950,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $75,950,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $75,950,000 |
| Taxable Value | $75,950,000 |
|---|
Appreciation: Market value has risen +616.9% from $10,593,574 (2023) to $75,950,000 (2025), a CAGR of 167.8% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 fell -15.8%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,672,939. 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 10% of market value ($7,422,624 land vs $68,527,376 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $75,950,000, 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 +167.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,453,000,281 by 2030, with an estimated annual tax burden around $2,290,186. 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 | 323,425 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +35,254 |
| Travis County | 0.3444% | 0.3758% | +23,848 |
| Travis Central Health | 0.1080% | 0.1180% | +7,636 |
| Austin Community College | 0.1013% | 0.1034% | +1,595 |
| Manor ISD | 1.0814% | 1.0814% | +0 |
Market value changed by 1613% 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 |
|---|---|---|---|---|---|---|---|---|---|
| IMA Manor ISD | 1.3520% | 1.3520% | 1.0861% | 1.0814% | 1.0814% | +0.0000% | $821,323.30 | $724,145.77 | $97,177.53 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $397,990.91 | $350,901.31 | $47,089.60 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $285,454.28 | $251,679.83 | $33,774.45 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $89,638.47 | $79,032.60 | $10,605.87 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $78,532.30 | $69,240.50 | $9,291.80 |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $1,672,939.26 | $1,475,000.01 | $197,939.25 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $64,970,000 | $75,950,000 | -14.5% |
| Assessed Value | $64,970,000 | $75,950,000 | -14.5% |
| Land Value | $7,422,624 | $7,422,624 | +0.0% |
| Improvement Value | $57,547,376 | $68,527,376 | -16.0% |
| Taxable Value | $64,970,000 | $75,950,000 | -14.5% |
| Total Tax 2026 = estimate |
~$1,431,084
Estimated
|
$1,672,939 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $78,480,044 | $64,970,000 | -13,510,044 (-17.2%) |
| Taxable Value | $78,480,044 | $64,970,000 | -13,510,044 (-17.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $64,970,000 | $7,422,624 | $57,547,376 | — | $64,970,000 | $64,970,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $75,950,000 | $7,422,624 | $68,527,376 | — | $75,950,000 | $75,950,000 | $1,672,939 | Verified |
| 2024 | $53,282,183 | — | — | −$45,859,559 | $7,422,624 | $— | $1,482,794 | Verified |
| 2023 | $10,593,574 | — | — | −$4,284,344 | $6,309,230 | $— | $953,753 | Verified |
| 2022 | $— | — | — | — | $1,237,104 | $— | $246,864 | Verified |
| 2021 | $— | — | — | — | $618,552 | $— | $15,260 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.3% | +3.3% | ~100% | Not available | Partial |
| 2025 | +0.2% | +0.2% | ~100% | 2.2000% | Verified |
| 2024 | +42.3% | +42.3% | ~100% | 1.9600% | Verified |
| 2023 | +403.0% ! | +403.0% | ~100% | 1.7900% | Verified |
| 2022 | +1612.6% ! | +1612.6% | ~100% | 2.3300% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +12178.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.5% | +143.7% | +176.8% | +403.0% | 2024 | -14.5% | 2026 |
| Assessment Ratio | 100.0% | 68.4% | — | 100.0% | 2025 | 13.9% | 2024 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
| Tax Amount | $1,672,939 | $1,369,829 | ~$2,031,959 | $1,672,939 | 2025 | $953,753 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$203,362,286 | ~$83,545,000 | ~2.1366% | ~$1,785,032 | +167.8% |
| 2027 | ~$544,519,017 | ~$91,899,500 | ~2.0705% | ~$1,902,814 | +616.9% |
| 2028 | ~$1,457,993,838 | ~$101,089,450 | ~2.0045% | ~$2,026,302 | +1819.7% |
| 2029 | ~$3,903,896,771 | ~$111,198,395 | ~1.9384% | ~$2,155,460 | +5040.1% |
| 2030 | ~$10,453,000,281 | ~$122,318,235 | ~1.8723% | ~$2,290,186 | +13663.0% |
| 2026 | ~$201,843,286 | ~$83,545,000 | ~2.2027% | ~$1,840,233 | +165.8% |
| 2027 | ~$536,414,905 | ~$91,899,500 | ~2.2027% | ~$2,024,257 | +606.3% |
| 2028 | ~$1,425,566,124 | ~$101,089,450 | ~2.2027% | ~$2,226,682 | +1777.0% |
| 2029 | ~$3,788,557,614 | ~$111,198,395 | ~2.2027% | ~$2,449,350 | +4888.2% |
| 2030 | ~$10,068,399,181 | ~$122,318,235 | ~2.2027% | ~$2,694,285 | +13156.6% |
| 2026 | ~$204,881,286 | ~$83,545,000 | ~2.1036% | ~$1,757,432 | +169.8% |
| 2027 | ~$552,683,888 | ~$91,899,500 | ~2.0045% | ~$1,842,093 | +627.7% |
| 2028 | ~$1,490,909,621 | ~$101,089,450 | ~1.9054% | ~$1,926,112 | +1863.0% |
| 2029 | ~$4,021,849,644 | ~$111,198,395 | ~1.8062% | ~$2,008,514 | +5195.4% |
| 2030 | ~$10,849,265,658 | ~$122,318,235 | ~1.7071% | ~$2,088,136 | +14184.7% |
In 2025, this property's market value of $75,950,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 146× 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 | $75,950,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $53,282,183 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $10,593,574 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | — | $300,453 | $376,850 | $539,896 | — | 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.