11119 ALTERRA PARKWAY TX 78758
| Owner | DOMAIN PARKSIDE III LP |
|---|---|
| Parcel ID | 0254080407 |
| Short ID | 841530 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 182,008 SF |
| Land SF | 198,764 SF |
| Acres | 4.563 |
| Year Built | 2014 |
| Legal | LOT 1A BLK K RREEF DOMAIN BLK K SUBD |
| Neighborhood | 08FNW2 |
| Land | $19,876,428 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $19,876,428 |
| Improvement | $44,283,572 |
|---|---|
| Total Improvement | $44,283,572 |
| Market | $64,160,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $64,160,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $64,160,000 |
| Taxable Value | $64,160,000 |
|---|
Appreciation: Market value has risen +0.2% from $64,000,000 (2021) to $64,160,000 (2025), a CAGR of 0.1% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→2023), 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 lagged 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 $1,313,025. 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 31% of market value ($19,876,428 land vs $44,283,572 improvements), about $100/SF of land. Most value sits in the improvements, so building condition, age (~12 yrs), and rent roll drive the underwriting.
Submarket Position: At $64,160,000, 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 +0.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $64,360,563 by 2030, with an estimated annual tax burden around $1,212,387. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 133,824 SF | ✓ |
| 3RD | 3rd Floor | 66,268 SF | ✓ |
| 4TH | 4th Floor | 66,268 SF | ✓ |
| 2ND | 2nd Floor | 59,481 SF | ✓ |
| 1ST | 1st Floor | 56,259 SF | ✓ |
| * | — | 5,788 SF | ✓ |
| 601 | POOL COMM'L | 1,500 SF | ✗ |
| 276 | ELEVATOR COM PAS | 2 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $573,624.00 | $573,624.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $324,890.54 | $324,890.54 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $233,023.90 | $233,023.90 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $73,174.26 | $73,174.26 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $64,108.00 | $64,108.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,268,820.70 | $1,268,820.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $58,500,000 | $64,160,000 | -8.8% |
| Assessed Value | $58,500,000 | $64,160,000 | -8.8% |
| Land Value | $19,876,428 | $19,876,428 | +0.0% |
| Improvement Value | $38,623,572 | $44,283,572 | -12.8% |
| Taxable Value | $58,500,000 | $64,160,000 | -8.8% |
| Total Tax 2026 = estimate |
~$1,197,194
Estimated
|
~$1,268,821
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $60,201,538 | $58,500,000 | -1,701,538 (-2.8%) |
| Taxable Value | $60,201,538 | $58,500,000 | -1,701,538 (-2.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $58,500,000 | $19,876,428 | $38,623,572 | — | $58,500,000 | $58,500,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $64,160,000 | $19,876,428 | $44,283,572 | — | $64,160,000 | $64,160,000 | ~$1,268,821 | Partial |
| 2024 | $79,600,000 | — | — | −$59,723,572 | $19,876,428 | $— | $1,426,849 | Verified |
| 2023 | $79,556,030 | — | — | −$59,679,602 | $19,876,428 | $— | $1,443,188 | Verified |
| 2022 | $63,630,000 | — | — | −$50,710,322 | $12,919,678 | $— | $1,529,968 | Verified |
| 2021 | $64,000,000 | — | — | −$52,074,143 | $11,925,857 | $— | $1,385,021 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.2% | -6.2% | ~100% | Not available | Partial |
| 2025 | -13.1% | -13.1% | ~100% | Not available | Partial |
| 2024 | -13.1% | -13.1% | ~100% | 1.9300% | Verified |
| 2023 | +6.8% | +6.8% | ~100% | 1.7000% | Verified |
| 2022 | +25.0% | +25.0% | ~100% | 1.9200% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.8% | -0.7% | +2.0% | +25.0% | 2023 | -19.4% | 2025 |
| Assessment Ratio | 100.0% | 48.1% | — | 100.0% | 2025 | 18.6% | 2021 |
| 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 |
$1,268,821 | $1,410,769 | ~$1,252,693 | $1,529,968 | 2022 | $1,268,821 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$64,200,062 | ~$64,200,062 | ~2.0139% | ~$1,292,948 | +0.1% |
| 2027 | ~$64,240,150 | ~$64,240,150 | ~1.9814% | ~$1,272,847 | +0.1% |
| 2028 | ~$64,280,262 | ~$64,280,262 | ~1.9488% | ~$1,252,719 | +0.2% |
| 2029 | ~$64,320,400 | ~$64,320,400 | ~1.9163% | ~$1,232,566 | +0.2% |
| 2030 | ~$64,360,563 | ~$64,360,563 | ~1.8837% | ~$1,212,387 | +0.3% |
| 2026 | ~$62,916,862 | ~$62,916,862 | ~2.0465% | ~$1,287,584 | -1.9% |
| 2027 | ~$61,697,811 | ~$61,697,811 | ~2.0465% | ~$1,262,636 | -3.8% |
| 2028 | ~$60,502,380 | ~$60,502,380 | ~2.0465% | ~$1,238,172 | -5.7% |
| 2029 | ~$59,330,111 | ~$59,330,111 | ~2.0465% | ~$1,214,182 | -7.5% |
| 2030 | ~$58,180,556 | ~$58,180,556 | ~2.0465% | ~$1,190,656 | -9.3% |
| 2026 | ~$65,483,262 | ~$65,483,262 | ~1.9977% | ~$1,308,134 | +2.1% |
| 2027 | ~$66,833,816 | ~$66,833,816 | ~1.9488% | ~$1,302,484 | +4.2% |
| 2028 | ~$68,212,225 | ~$68,212,225 | ~1.9000% | ~$1,296,044 | +6.3% |
| 2029 | ~$69,619,062 | ~$69,619,062 | ~1.8512% | ~$1,288,784 | +8.5% |
| 2030 | ~$71,054,914 | ~$71,054,914 | ~1.8024% | ~$1,280,673 | +10.7% |
In 2025, this property's market value of $64,160,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 123× 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 | $64,160,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $79,600,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $79,556,030 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $63,630,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $64,000,000 | $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.