12205 N LAMAR BLVD TX
| Owner | HOUSING AUTHORITY OF COA |
|---|---|
| Parcel ID | 0256200308 |
| Short ID | 914284 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 287,272 SF |
| Land SF | 770,097 SF |
| Acres | 17.679 |
| Year Built | 2021 |
| Legal | LOT 1 PARK 35 SEC V |
| Neighborhood | 08NE1 |
| Land | $3,850,486 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,850,486 |
| Improvement | $92,577,149 |
|---|---|
| Total Improvement | $92,577,149 |
| Market | $96,427,635 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $96,427,635 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $96,427,635 |
| Taxable Value | $96,427,635 |
|---|
Appreciation: Market value has risen +2404.3% from $3,850,486 (2021) to $96,427,635 (2025), a CAGR of 123.7% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced the broader multi-family market over the same period.
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 4% of market value ($3,850,486 land vs $92,577,149 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Submarket Position: At $96,427,635, 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 +123.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,402,054,652 by 2030, with an estimated annual tax burden around $0. 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 | 287,272 SF | ✓ |
Market value changed by 294% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $94,129,459 | $96,427,635 | -2.4% |
| Assessed Value | $94,129,459 | $96,427,635 | -2.4% |
| Land Value | $3,850,486 | $3,850,486 | +0.0% |
| Improvement Value | $90,278,973 | $92,577,149 | -2.5% |
| Taxable Value | — | — | — |
| Exemptions | — | F | |
| Total Tax | Pending certification | — | |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $94,129,459 | $94,129,459 | +0 (+0.0%) |
| Taxable Value | — | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $94,129,459 | $3,850,486 | $90,278,973 | — | $94,129,459 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $96,427,635 | $3,850,486 | $92,577,149 | — | $96,427,635 | $— | not in county billing file ⓘ | Partial |
| 2024 | $88,483,962 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2023 | $77,103,828 | — | — | — | — | $— | not in county billing file ⓘ | Partial |
| 2022 | $19,563,866 | — | — | −$15,713,380 | $3,850,486 | $— | $1,543,669 | Verified |
| 2021 | $3,850,486 | — | — | — | $3,850,486 | $— | $489,679 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.4% | -2.4% | ~100% | Not available | Partial |
| 2025 | +36.8% | +36.8% | ~100% | Not available | Partial |
| 2024 | -20.4% | -20.4% | ~100% | No billing data | Verified |
| 2023 | +14.8% | +14.8% | ~100% | No billing data | Verified |
| 2022 | +294.1% ! | +294.1% | ~100% | 2.0000% | Verified |
| 2021 | base year | — | ~100% | 12.7200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +392.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -2.4% | +144.7% | +124.8% | +408.1% | 2022 | -2.4% | 2026 |
| Assessment Ratio | 100.0% | 79.9% | — | 100.0% | 2021 | 19.7% | 2022 |
|
Effective Tax Rate (2025)
⚑ Billing data available for 2025 only |
— | — | — | — | — | — | — |
| Tax Amount | $1,543,669 | $1,016,674 | — | $1,543,669 | 2022 | $489,679 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$215,711,355 | ~$215,711,355 | ~0.0000% | ~$0 | +123.7% |
| 2027 | ~$482,552,421 | ~$482,552,421 | ~0.0000% | ~$0 | +400.4% |
| 2028 | ~$1,079,483,455 | ~$1,079,483,455 | ~0.0000% | ~$0 | +1019.5% |
| 2029 | ~$2,414,835,112 | ~$2,414,835,112 | ~0.0000% | ~$0 | +2404.3% |
| 2030 | ~$5,402,054,652 | ~$5,402,054,652 | ~0.0000% | ~$0 | +5502.2% |
| 2026 | ~$213,782,802 | ~$213,782,802 | ~0.0000% | ~$0 | +121.7% |
| 2027 | ~$473,962,538 | ~$473,962,538 | ~0.0000% | ~$0 | +391.5% |
| 2028 | ~$1,050,788,392 | ~$1,050,788,392 | ~0.0000% | ~$0 | +989.7% |
| 2029 | ~$2,329,627,674 | ~$2,329,627,674 | ~0.0000% | ~$0 | +2315.9% |
| 2030 | ~$5,164,850,643 | ~$5,164,850,643 | ~0.0000% | ~$0 | +5256.2% |
| 2026 | ~$217,639,908 | ~$217,639,908 | ~0.0000% | ~$0 | +125.7% |
| 2027 | ~$491,219,446 | ~$491,219,446 | ~0.0000% | ~$0 | +409.4% |
| 2028 | ~$1,108,696,225 | ~$1,108,696,225 | ~0.0000% | ~$0 | +1049.8% |
| 2029 | ~$2,502,358,833 | ~$2,502,358,833 | ~0.0000% | ~$0 | +2495.1% |
| 2030 | ~$5,647,894,874 | ~$5,647,894,874 | ~0.0000% | ~$0 | +5757.1% |
In 2025, this property's market value of $96,427,635 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 186× 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 | $96,427,635 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $88,483,962 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $77,103,828 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $19,563,866 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,850,486 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |