INNOVAR CIR TX 78653
| Owner | JANIS ATX LLC |
|---|---|
| Parcel ID | 0247380303 |
| Short ID | 944124 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 261,594 SF |
| Land SF | 290,110 SF |
| Acres | 6.660 |
| Year Built | 2024 |
| Legal | LOT 6 BLK C EASTVILLAGE TOWNCENTER |
| Neighborhood | 1NE1 |
| Land | $3,481,315 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,481,315 |
| Improvement | $55,838,797 |
|---|---|
| Total Improvement | $55,838,797 |
| Market | $59,320,112 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $59,320,112 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $59,320,112 |
| Taxable Value | $59,320,112 |
|---|
Appreciation: Market value has risen +296.1% from $14,975,755 (2024) to $59,320,112 (2025), a CAGR of 296.1% over 1 year. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→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 fell -7.9%, so this parcel has outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2027% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,306,635. 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 6% of market value ($3,481,315 land vs $55,838,797 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $59,320,112, 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 +296.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $57,845,308,492 by 2030, with an estimated annual tax burden around $1,788,730. 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 | 261,594 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +27,535 |
| Travis County | 0.3444% | 0.3758% | +18,627 |
| Travis Central Health | 0.1080% | 0.1180% | +5,964 |
| Austin Community College | 0.1013% | 0.1034% | +1,246 |
| Manor ISD | 1.0814% | 1.0814% | +0 |
Market value changed by 100% 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% | $641,487.69 | $589,146.82 | $52,340.87 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $310,847.47 | $285,484.51 | $25,362.96 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $222,951.67 | $204,760.39 | $18,191.28 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $70,011.38 | $64,298.95 | $5,712.43 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $61,337.00 | $56,332.33 | $5,004.67 |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $1,306,635.21 | $1,200,023.00 | $106,612.21 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $42,016,137 | $59,320,112 | -29.2% |
| Assessed Value | $42,016,137 | $59,320,112 | -29.2% |
| Land Value | $3,481,315 | $3,481,315 | +0.0% |
| Improvement Value | $38,534,822 | $55,838,797 | -31.0% |
| Taxable Value | $42,016,137 | $59,320,112 | -29.2% |
| Total Tax 2026 = estimate |
~$925,483
Estimated
|
$1,306,635 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $47,713,717 | $42,016,137 | -5,697,580 (-11.9%) |
| Taxable Value | $47,713,717 | $42,016,137 | -5,697,580 (-11.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $42,016,137 | $3,481,315 | $38,534,822 | — | $42,016,137 | $42,016,137 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $59,320,112 | $3,481,315 | $55,838,797 | — | $59,320,112 | $59,320,112 | $1,306,635 | Verified |
| 2024 | $14,975,755 | — | — | −$11,494,440 | $3,481,315 | $— | $820,983 | Verified |
| 2023 | $— | — | — | — | $3,481,315 | $— | $268,067 | Verified |
| 2022 | $— | — | — | — | $580,219 | $— | $13,521 | Verified |
| 2021 | $— | — | — | — | $290,110 | $— | $7,157 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -19.6% | -19.6% | ~100% | Not available | Partial |
| 2025 | +52.7% | +52.7% | ~100% | 2.2000% | Verified |
| 2024 | +159.5% ! | +159.5% | ~100% | 2.1100% | Verified |
| 2023 | +2481.1% ! | +2481.1% | ~100% | 1.7900% | Verified |
| 2022 | +100.0% ! | +100.0% | ~100% | 2.3300% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +20347.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -29.2% | +133.5% | +328.7% | +296.1% | 2025 | -29.2% | 2026 |
| Assessment Ratio | 100.0% | 74.4% | — | 100.0% | 2025 | 23.2% | 2024 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
| Tax Amount | $1,306,635 | $1,063,809 | ~$1,587,044 | $1,306,635 | 2025 | $820,983 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$234,971,505 | ~$65,252,123 | ~2.1366% | ~$1,394,184 | +296.1% |
| 2027 | ~$930,740,118 | ~$71,777,336 | ~2.0705% | ~$1,486,177 | +1469.0% |
| 2028 | ~$3,686,732,860 | ~$78,955,069 | ~2.0045% | ~$1,582,626 | +6115.0% |
| 2029 | ~$14,603,431,091 | ~$86,850,576 | ~1.9384% | ~$1,683,504 | +24518.0% |
| 2030 | ~$57,845,308,492 | ~$95,535,634 | ~1.8723% | ~$1,788,730 | +97413.8% |
| 2026 | ~$233,785,103 | ~$65,252,123 | ~2.2027% | ~$1,437,299 | +294.1% |
| 2027 | ~$921,364,986 | ~$71,777,336 | ~2.2027% | ~$1,581,029 | +1453.2% |
| 2028 | ~$3,631,169,944 | ~$78,955,069 | ~2.2027% | ~$1,739,131 | +6021.3% |
| 2029 | ~$14,310,718,728 | ~$86,850,576 | ~2.2027% | ~$1,913,045 | +24024.6% |
| 2030 | ~$56,399,638,043 | ~$95,535,634 | ~2.2027% | ~$2,104,349 | +94976.8% |
| 2026 | ~$236,157,907 | ~$65,252,123 | ~2.1036% | ~$1,372,627 | +298.1% |
| 2027 | ~$940,162,707 | ~$71,777,336 | ~2.0045% | ~$1,438,751 | +1484.9% |
| 2028 | ~$3,742,859,708 | ~$78,955,069 | ~1.9054% | ~$1,504,374 | +6209.6% |
| 2029 | ~$14,900,611,024 | ~$86,850,576 | ~1.8062% | ~$1,568,733 | +25019.0% |
| 2030 | ~$59,320,473,180 | ~$95,535,634 | ~1.7071% | ~$1,630,921 | +99900.6% |
In 2025, this property's market value of $59,320,112 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 114× 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 | $59,320,112 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $14,975,755 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +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.