12118 WALNUT PARK XING TX 78753
| Owner | CVIII CANYON RIDGE APARTMENTS LLC |
|---|---|
| Parcel ID | 0254230303 |
| Short ID | 762316 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 221,092 SF |
| Land SF | 1,176,817 SF |
| Acres | 27.016 |
| Year Built | 1999 |
| Legal | LOT 2 BLK C PARK 35 |
| Neighborhood | 08NO1 |
| Land | $3,309,798 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,309,798 |
| Improvement | $37,856,352 |
|---|---|
| Total Improvement | $37,856,352 |
| Market | $41,166,150 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $41,166,150 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $41,166,150 |
| Taxable Value | $41,166,150 |
|---|
Appreciation: Market value has risen +370.4% from $8,751,557 (2021) to $41,166,150 (2025), a CAGR of 47.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 2.2282% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $917,258. Pflugerville ISD is the largest single contributor, at 49.7% 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 8% of market value ($3,309,798 land vs $37,856,352 improvements), about $3/SF of land. Most value sits in the improvements, so building condition, age (~27 yrs), and rent roll drive the underwriting.
Submarket Position: At $41,166,150, 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 +47.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $285,173,332 by 2030, with an estimated annual tax burden around $1,249,523. 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.
27 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 221,092 SF | ✗ |
| SO | Sketch Only | 175,246 SF | ✗ |
| 551 | PAVED AREA | 120,000 SF | ✗ |
| 2ND | 2nd Floor | 86,540 SF | ✓ |
| 1ST | 1st Floor | 73,948 SF | ✓ |
| 3RD | 3rd Floor | 60,604 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 21,522 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 21,079 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 17,202 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 17,100 SF | ✗ |
| 581C | STORAGE ATT COMM | 4,622 SF | ✓ |
| 512C | DECK UNCOVRED COMM | 3,404 SF | ✗ |
| 031C | GARAGE DET 1ST COMM | 2,160 SF | ✓ |
| 602 | POOL RES CONC | 1,236 SF | ✗ |
| 482 | LIGHT POLES | 14 SF | ✓ |
| MISC | Miscellaneous | 10 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 182 | SINK AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 212 | URINAL AVG | 1 SF | ✓ |
| 222 | FOUNTAIN WTR AVG | 1 SF | ✓ |
| 447C | SPA CON COMM | 1 SF | ✗ |
| 522C | FIREPLACE COMM | 1 SF | ✓ |
| 539 | FENCE FV | 1 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $438,332.40 | $438,332.40 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $207,510.73 | $207,510.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $148,834.62 | $148,834.62 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $46,737.11 | $46,737.11 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $40,946.40 | $40,946.40 | Paid |
| Combined Rate | 2.5030% | 2.2429% | 2.0589% | 2.1382% | 2.2282% | +0.0900% | $882,361.26 | $882,361.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $37,470,000 | $41,166,150 | -9.0% |
| Assessed Value | $37,470,000 | $41,166,150 | -9.0% |
| Land Value | $3,309,798 | $3,309,798 | +0.0% |
| Improvement Value | $34,160,202 | $37,856,352 | -9.8% |
| Taxable Value | $37,470,000 | $41,166,150 | -9.0% |
| Total Tax 2026 = estimate |
~$834,901
Estimated
|
~$882,361
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $39,071,219 | $37,470,000 | -1,601,219 (-4.1%) |
| Taxable Value | $39,071,219 | $37,470,000 | -1,601,219 (-4.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $37,470,000 | $3,309,798 | $34,160,202 | — | $37,470,000 | $37,470,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $41,166,150 | $3,309,798 | $37,856,352 | — | $41,166,150 | $41,166,150 | ~$882,361 | Partial |
| 2024 | $42,000,000 | — | — | −$38,690,202 | $3,309,798 | $— | $877,452 | Verified |
| 2023 | $41,500,000 | — | — | −$38,190,202 | $3,309,798 | $— | $868,199 | Verified |
| 2022 | $36,500,000 | — | — | −$33,190,202 | $3,309,798 | $— | $932,195 | Verified |
| 2021 | $8,751,557 | — | — | −$5,441,759 | $3,309,798 | $— | $915,998 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.1% | -5.1% | ~100% | Not available | Partial |
| 2025 | -3.8% | -3.8% | ~100% | Not available | Partial |
| 2024 | -6.0% | -6.0% | ~100% | 2.0500% | Verified |
| 2023 | +6.0% | +6.0% | ~100% | 1.9100% | Verified |
| 2022 | +10.6% | +10.6% | ~100% | 2.1700% | Verified |
| 2021 | base year | — | ~100% | 10.4700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.0% | +64.2% | +50.2% | +317.1% | 2022 | -9.0% | 2026 |
| Assessment Ratio | 100.0% | 43.8% | — | 100.0% | 2025 | 7.9% | 2024 |
| Effective Tax Rate (2025) | 2.1400% | 2.1400% | — | 2.1400% | 2025 | 2.1400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$882,361 | $895,241 | ~$1,110,824 | $932,195 | 2022 | $868,199 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$60,625,312 | ~$45,282,765 | ~2.1595% | ~$977,875 | +47.3% |
| 2027 | ~$89,282,782 | ~$49,811,042 | ~2.0908% | ~$1,041,443 | +116.9% |
| 2028 | ~$131,486,585 | ~$54,792,146 | ~2.0221% | ~$1,107,946 | +219.4% |
| 2029 | ~$193,640,047 | ~$60,271,360 | ~1.9534% | ~$1,177,335 | +370.4% |
| 2030 | ~$285,173,332 | ~$66,298,496 | ~1.8847% | ~$1,249,523 | +592.7% |
| 2026 | ~$59,801,989 | ~$45,282,765 | ~2.2282% | ~$1,008,984 | +45.3% |
| 2027 | ~$86,874,236 | ~$49,811,042 | ~2.2282% | ~$1,109,882 | +111.0% |
| 2028 | ~$126,202,039 | ~$54,792,146 | ~2.2282% | ~$1,220,870 | +206.6% |
| 2029 | ~$183,333,465 | ~$60,271,360 | ~2.2282% | ~$1,342,957 | +345.4% |
| 2030 | ~$266,328,180 | ~$66,298,496 | ~2.2282% | ~$1,477,253 | +547.0% |
| 2026 | ~$61,448,635 | ~$45,282,765 | ~2.1251% | ~$962,321 | +49.3% |
| 2027 | ~$91,724,261 | ~$49,811,042 | ~2.0221% | ~$1,007,224 | +122.8% |
| 2028 | ~$136,916,632 | ~$54,792,146 | ~1.9190% | ~$1,051,484 | +232.6% |
| 2029 | ~$204,375,199 | ~$60,271,360 | ~1.8160% | ~$1,094,524 | +396.5% |
| 2030 | ~$305,070,474 | ~$66,298,496 | ~1.7129% | ~$1,135,658 | +641.1% |
In 2025, this property's market value of $41,166,150 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 79× 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 | $41,166,150 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $42,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $41,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $36,500,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $8,751,557 | $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.