12301 INNOVAR CIR TX 78653
| Owner | JANIS ATX LLC |
|---|---|
| Parcel ID | 0247380313 |
| Short ID | 944134 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 251,659 SF |
| Land SF | 186,001 SF |
| Acres | 4.270 |
| Year Built | 2024 |
| Legal | LOT 5 BLK C EASTVILLAGE TOWNCENTER |
| Neighborhood | 1NE1 |
| Land | $2,232,014 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,232,014 |
| Improvement | $37,967,986 |
|---|---|
| Total Improvement | $37,967,986 |
| Market | $40,200,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $40,200,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $40,200,000 |
| Taxable Value | $40,200,000 |
|---|
Appreciation: Market value has risen +213.6% from $12,819,535 (2024) to $40,200,000 (2025), a CAGR of 213.6% 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 $885,479. 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 ($2,232,014 land vs $37,967,986 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 $40,200,000, 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 +213.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $12,189,754,427 by 2030, with an estimated annual tax burden around $1,212,185. 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 | 251,659 SF | ✓ |
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% | $434,722.80 | $410,932.00 | $23,790.80 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $210,654.83 | $199,126.46 | $11,528.37 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $151,089.69 | $142,821.10 | $8,268.59 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $47,445.25 | $44,848.74 | $2,596.51 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $41,566.80 | $39,292.00 | $2,274.80 |
| Combined Rate | 2.4670% | 2.3303% | 2.0358% | 2.1127% | 2.2027% | +0.0900% | $885,479.37 | $837,020.30 | $48,459.07 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $38,233,863 | $40,200,000 | -4.9% |
| Assessed Value | $38,233,863 | $40,200,000 | -4.9% |
| Land Value | $2,232,014 | $2,232,014 | +0.0% |
| Improvement Value | $36,001,849 | $37,967,986 | -5.2% |
| Taxable Value | $38,233,863 | $40,200,000 | -4.9% |
| Total Tax 2026 = estimate |
~$842,172
Estimated
|
$885,479 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $43,418,549 | $38,233,863 | -5,184,686 (-11.9%) |
| Taxable Value | $43,418,549 | $38,233,863 | -5,184,686 (-11.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $38,233,863 | $2,232,014 | $36,001,849 | — | $38,233,863 | $38,233,863 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $40,200,000 | $2,232,014 | $37,967,986 | — | $40,200,000 | $40,200,000 | $885,479 | Verified |
| 2024 | $12,819,535 | — | — | — | — | $— | $565,450 | Verified |
| 2023 | $— | — | — | — | $2,232,014 | $— | $229,470 | Verified |
| 2022 | $— | — | — | — | $372,002 | $— | $8,669 | Verified |
| 2021 | $— | — | — | — | $186,001 | $— | $4,589 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +8.0% | +8.0% | ~100% | Not available | Partial |
| 2025 | +50.2% | +50.2% | ~100% | 2.2000% | Verified |
| 2024 | +108.8% ! | +108.8% | ~100% | 2.1100% | Verified |
| 2023 | +3346.1% ! | +3346.1% | ~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): +21512.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.9% | +104.3% | +216.8% | +213.6% | 2025 | -4.9% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.2000% | 2.2000% | — | 2.2000% | 2025 | 2.2000% | 2025 |
| Tax Amount | $885,479 | $725,465 | ~$1,075,507 | $885,479 | 2025 | $565,450 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$126,060,735 | ~$44,220,000 | ~2.1366% | ~$944,810 | +213.6% |
| 2027 | ~$395,306,190 | ~$48,642,000 | ~2.0705% | ~$1,007,151 | +883.3% |
| 2028 | ~$1,239,616,634 | ~$53,506,200 | ~2.0045% | ~$1,072,513 | +2983.6% |
| 2029 | ~$3,887,238,396 | ~$58,856,820 | ~1.9384% | ~$1,140,875 | +9569.7% |
| 2030 | ~$12,189,754,427 | ~$64,742,502 | ~1.8723% | ~$1,212,185 | +30222.8% |
| 2026 | ~$125,256,735 | ~$44,220,000 | ~2.2027% | ~$974,027 | +211.6% |
| 2027 | ~$390,279,840 | ~$48,642,000 | ~2.2027% | ~$1,071,430 | +870.8% |
| 2028 | ~$1,216,049,214 | ~$53,506,200 | ~2.2027% | ~$1,178,573 | +2925.0% |
| 2029 | ~$3,789,013,773 | ~$58,856,820 | ~2.2027% | ~$1,296,430 | +9325.4% |
| 2030 | ~$11,805,957,530 | ~$64,742,502 | ~2.2027% | ~$1,426,073 | +29268.1% |
| 2026 | ~$126,864,735 | ~$44,220,000 | ~2.1036% | ~$930,201 | +215.6% |
| 2027 | ~$400,364,699 | ~$48,642,000 | ~2.0045% | ~$975,012 | +895.9% |
| 2028 | ~$1,263,486,599 | ~$53,506,200 | ~1.9054% | ~$1,019,483 | +3043.0% |
| 2029 | ~$3,987,360,502 | ~$58,856,820 | ~1.8062% | ~$1,063,098 | +9818.8% |
| 2030 | ~$12,583,468,459 | ~$64,742,502 | ~1.7071% | ~$1,105,241 | +31202.2% |
In 2025, this property's market value of $40,200,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 77× 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 | $40,200,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $12,819,535 | $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.