BURNET RD TX 78758
| Owner | 3001 ESPERANZA LP |
|---|---|
| Parcel ID | 0256081009 |
| Short ID | 774033 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 192,880 SF |
| Land SF | 203,774 SF |
| Acres | 4.678 |
| Year Built | 2013 |
| Legal | LOT 2 BLK A RREEF DOMAIN BLK T & H SUBD |
| Neighborhood | 08FNW2 |
| Land | $17,320,763 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $17,320,763 |
| Improvement | $53,521,994 |
|---|---|
| Total Improvement | $53,521,994 |
| Market | $70,842,757 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $70,842,757 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $70,842,757 |
| Taxable Value | $70,842,757 |
|---|
Appreciation: Market value has risen +18.5% from $59,787,200 (2021) to $70,842,757 (2025), a CAGR of 4.3% over 4 years. This represents moderate, steady growth. 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 $1,449,786. 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 24% of market value ($17,320,763 land vs $53,521,994 improvements), about $85/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $70,842,757, 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 +4.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $87,579,912 by 2030, with an estimated annual tax burden around $1,649,780. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 187 | PARKING GARAGE | 128,969 SF | ✓ |
| 3RD | 3rd Floor | 66,105 SF | ✓ |
| 2ND | 2nd Floor | 66,105 SF | ✓ |
| 1ST | 1st Floor | 60,670 SF | ✓ |
| 4TH | 4th Floor | 53,432 SF | ✓ |
| MISC | Miscellaneous | 4,078 SF | ✓ |
| 601 | POOL COMM'L | 2,000 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $636,199.98 | $636,199.98 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $360,332.47 | $360,332.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $258,444.21 | $258,444.21 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $81,156.76 | $81,156.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $71,101.47 | $71,101.47 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,407,234.89 | $1,407,234.89 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $63,617,260 | $70,842,757 | -10.2% |
| Assessed Value | $63,617,260 | $70,842,757 | -10.2% |
| Land Value | $17,320,763 | $17,320,763 | +0.0% |
| Improvement Value | $46,296,497 | $53,521,994 | -13.5% |
| Taxable Value | $63,613,518 | $70,842,757 | -10.2% |
| Total Tax 2026 = estimate |
~$1,301,841
Estimated
|
~$1,407,235
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $63,617,260 | $63,617,260 | +0 (+0.0%) |
| Taxable Value | $63,613,518 | $63,613,518 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $63,617,260 | $17,320,763 | $46,296,497 | — | $63,617,260 | $63,613,518 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $70,842,757 | $17,320,763 | $53,521,994 | — | $70,842,757 | $70,842,757 | ~$1,407,235 | Partial |
| 2024 | $72,450,000 | — | — | −$55,129,237 | $17,320,763 | $— | $1,421,002 | Verified |
| 2023 | $72,450,000 | — | — | −$55,129,237 | $17,320,763 | $— | $1,313,402 | Verified |
| 2022 | $61,311,922 | — | — | −$48,066,633 | $13,245,289 | $— | $1,430,832 | Verified |
| 2021 | $59,787,200 | — | — | −$47,560,779 | $12,226,421 | $— | $1,334,564 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -10.2% | -10.2% | ~100% | Not available | Partial |
| 2025 | -5.1% | -5.1% | ~100% | Not available | Partial |
| 2024 | -0.6% | -0.6% | ~100% | 1.9000% | Verified |
| 2023 | +3.6% | +3.6% | ~100% | 1.7500% | Verified |
| 2022 | +18.2% | +18.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.2% | +1.7% | +6.7% | +18.2% | 2023 | -10.2% | 2026 |
| Assessment Ratio | 100.0% | 48.3% | — | 100.0% | 2025 | 20.4% | 2021 |
| Effective Tax Rate (2025) | 1.9900% | 1.9900% | — | 1.9900% | 2025 | 1.9900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,407,235 | $1,381,407 | ~$1,568,566 | $1,430,832 | 2022 | $1,313,402 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$73,912,393 | ~$73,912,393 | ~2.0139% | ~$1,488,549 | +4.3% |
| 2027 | ~$77,115,038 | ~$77,115,038 | ~1.9814% | ~$1,527,948 | +8.9% |
| 2028 | ~$80,456,453 | ~$80,456,453 | ~1.9488% | ~$1,567,967 | +13.6% |
| 2029 | ~$83,942,654 | ~$83,942,654 | ~1.9163% | ~$1,608,586 | +18.5% |
| 2030 | ~$87,579,912 | ~$87,579,912 | ~1.8837% | ~$1,649,780 | +23.6% |
| 2026 | ~$72,495,538 | ~$72,495,538 | ~2.0465% | ~$1,483,610 | +2.3% |
| 2027 | ~$74,186,879 | ~$74,186,879 | ~2.0465% | ~$1,518,223 | +4.7% |
| 2028 | ~$75,917,679 | ~$75,917,679 | ~2.0465% | ~$1,553,644 | +7.2% |
| 2029 | ~$77,688,860 | ~$77,688,860 | ~2.0465% | ~$1,589,891 | +9.7% |
| 2030 | ~$79,501,362 | ~$79,501,362 | ~2.0465% | ~$1,626,983 | +12.2% |
| 2026 | ~$75,329,248 | ~$75,329,248 | ~1.9977% | ~$1,504,824 | +6.3% |
| 2027 | ~$80,099,870 | ~$80,099,870 | ~1.9488% | ~$1,561,018 | +13.1% |
| 2028 | ~$85,172,617 | ~$85,172,617 | ~1.9000% | ~$1,618,294 | +20.2% |
| 2029 | ~$90,566,622 | ~$90,566,622 | ~1.8512% | ~$1,676,564 | +27.8% |
| 2030 | ~$96,302,232 | ~$96,302,232 | ~1.8024% | ~$1,735,724 | +35.9% |
In 2025, this property's market value of $70,842,757 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 136× 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 | $70,842,757 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $72,450,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $72,450,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $61,311,922 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $59,787,200 | $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.