2136 RUTLAND DR TX 78758
| Owner | SL5 ATX INDUSTRIAL LP |
|---|---|
| Parcel ID | 0248100302 |
| Short ID | 255060 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | — |
| Land SF | 139,131 SF |
| Acres | 3.194 |
| Year Built | — |
| Legal | LOT 1 RUTLAND DRIVE BUSINESS PARK SEC 1 |
| Neighborhood | 66NOR |
| Land | $9,043,515 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,043,515 |
| Improvement | $60,116,485 |
|---|---|
| Total Improvement | $60,116,485 |
| Market | $69,160,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $69,160,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $69,160,000 |
| Taxable Value | $69,160,000 |
|---|
Appreciation: Market value has risen +677.1% from $8,900,000 (2021) to $69,160,000 (2025), a CAGR of 67.0% over 4 years. 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 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 $1,415,349. 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 13% of market value ($9,043,515 land vs $60,116,485 improvements), about $65/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $69,160,000, 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 +67.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $897,296,982 by 2030, with an estimated annual tax burden around $2,098,166. 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 | 485,377 SF | ✓ |
Market value changed by 643% in 2023, 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% | $618,033.60 | $618,033.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $350,043.36 | $350,043.36 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $251,064.46 | $251,064.46 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $78,839.36 | $78,839.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $69,071.20 | $69,071.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,367,051.98 | $1,367,051.98 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $65,470,000 | $69,160,000 | -5.3% |
| Assessed Value | $65,470,000 | $69,160,000 | -5.3% |
| Land Value | $9,043,515 | $9,043,515 | +0.0% |
| Improvement Value | $56,426,485 | $60,116,485 | -6.1% |
| Taxable Value | $65,470,000 | $69,160,000 | -5.3% |
| Total Tax 2026 = estimate |
~$1,339,834
Estimated
|
~$1,367,052
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $65,470,000 | $65,470,000 | +0 (+0.0%) |
| Taxable Value | $65,470,000 | $65,470,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $65,470,000 | $9,043,515 | $56,426,485 | — | $65,470,000 | $65,470,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $69,160,000 | $9,043,515 | $60,116,485 | — | $69,160,000 | $69,160,000 | ~$1,367,052 | Partial |
| 2024 | $31,026,584 | — | — | −$21,983,069 | $9,043,515 | $— | $1,042,341 | Verified |
| 2023 | $— | — | — | — | $9,043,515 | $— | $561,348 | Verified |
| 2022 | $9,396,072 | — | — | −$5,222,142 | $4,173,930 | $— | $82,432 | Verified |
| 2021 | $8,900,000 | — | — | −$5,950,120 | $2,949,880 | $— | $184,227 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.3% | -5.3% | ~100% | Not available | Partial |
| 2025 | +31.5% | +31.5% | ~100% | Not available | Partial |
| 2024 | +69.5% | +69.5% | ~100% | 1.9800% | Verified |
| 2023 | +643.3% ! | +643.3% | ~100% | 1.8100% | Verified |
| 2022 | -55.6% | -55.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +636.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.3% | +88.3% | +68.8% | +230.2% | 2024 | -5.3% | 2026 |
| Assessment Ratio | 100.0% | 61.3% | — | 100.0% | 2025 | 29.1% | 2024 |
| Effective Tax Rate (2025) | 1.9800% | 1.9800% | — | 1.9800% | 2025 | 1.9800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,367,052 | $669,013 | ~$1,804,542 | $1,367,052 | 2025 | $82,432 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$115,470,549 | ~$76,076,000 | ~2.0139% | ~$1,532,122 | +67.0% |
| 2027 | ~$192,791,319 | ~$83,683,600 | ~1.9814% | ~$1,658,097 | +178.8% |
| 2028 | ~$321,887,208 | ~$92,051,960 | ~1.9488% | ~$1,793,945 | +365.4% |
| 2029 | ~$537,427,596 | ~$101,257,156 | ~1.9163% | ~$1,940,382 | +677.1% |
| 2030 | ~$897,296,982 | ~$111,382,872 | ~1.8837% | ~$2,098,166 | +1197.4% |
| 2026 | ~$114,087,349 | ~$76,076,000 | ~2.0465% | ~$1,556,884 | +65.0% |
| 2027 | ~$188,200,161 | ~$83,683,600 | ~2.0465% | ~$1,712,572 | +172.1% |
| 2028 | ~$310,457,740 | ~$92,051,960 | ~2.0465% | ~$1,883,830 | +348.9% |
| 2029 | ~$512,135,634 | ~$101,257,156 | ~2.0465% | ~$2,072,213 | +640.5% |
| 2030 | ~$844,826,440 | ~$111,382,872 | ~2.0465% | ~$2,279,434 | +1121.6% |
| 2026 | ~$116,853,749 | ~$76,076,000 | ~1.9977% | ~$1,519,742 | +69.0% |
| 2027 | ~$197,437,804 | ~$83,683,600 | ~1.9488% | ~$1,630,859 | +185.5% |
| 2028 | ~$333,593,805 | ~$92,051,960 | ~1.9000% | ~$1,749,003 | +382.4% |
| 2029 | ~$563,644,977 | ~$101,257,156 | ~1.8512% | ~$1,874,466 | +715.0% |
| 2030 | ~$952,342,806 | ~$111,382,872 | ~1.8024% | ~$2,007,533 | +1277.0% |
In 2025, this property's market value of $69,160,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 133× 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 | $69,160,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $31,026,584 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
| 2022 | $9,396,072 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $8,900,000 | $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.