12300 TECH RIDGE BLVD TX 78753
| Owner | TECH RIDGE VENTURE LLC |
|---|---|
| Parcel ID | 0256230305 |
| Short ID | 888482 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 374,432 SF |
| Land SF | 622,080 SF |
| Acres | 14.281 |
| Year Built | 2024 |
| Legal | LOT 7 BLK B TECH RIDGE CENTER PHS IV 2ND AMD LTS 5-7 BLK B |
| Neighborhood | 53NEA |
| Land | $5,598,723 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,598,723 |
| Improvement | $65,228,454 |
|---|---|
| Total Improvement | $65,228,454 |
| Market | $70,827,177 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $70,827,177 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $70,827,177 |
| Taxable Value | $70,827,177 |
|---|
Appreciation: Market value has risen +3309.9% from $2,077,133 (2021) to $70,827,177 (2025), a CAGR of 141.6% 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 2.2282% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,578,161. 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 ($5,598,723 land vs $65,228,454 improvements), about $9/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $70,827,177, 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 +141.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,836,056,202 by 2030, with an estimated annual tax burden around $2,149,829. 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 | 374,432 SF | ✓ |
Market value changed by 335% 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $783,986.02 | $783,986.02 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $371,146.45 | $371,146.45 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $266,200.40 | $266,200.40 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $83,592.36 | $83,592.36 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $73,235.30 | $73,235.30 | Paid |
| Combined Rate | 2.5030% | 2.2429% | 2.0589% | 2.1382% | 2.2282% | +0.0900% | $1,578,160.53 | $1,578,160.53 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $84,010,000 | $70,827,177 | +18.6% |
| Assessed Value | $84,010,000 | $70,827,177 | +18.6% |
| Land Value | $3,963,524 | $5,598,723 | -29.2% |
| Improvement Value | $80,046,476 | $65,228,454 | +22.7% |
| Taxable Value | $84,010,000 | $70,827,177 | +18.6% |
| Total Tax 2026 = estimate |
~$1,871,898
Estimated
|
~$1,578,161
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $84,010,000 | $84,010,000 | +0 (+0.0%) |
| Taxable Value | $84,010,000 | $84,010,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $84,010,000 | $3,963,524 | $80,046,476 | — | $84,010,000 | $84,010,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $70,827,177 | $5,598,723 | $65,228,454 | — | $70,827,177 | $70,827,177 | ~$1,578,161 | Partial |
| 2024 | $11,304,112 | — | — | −$5,705,389 | $5,598,723 | $— | $225,775 | Verified |
| 2023 | $2,599,706 | — | — | — | $5,598,723 ! | $— | $232,746 | Verified |
| 2022 | $2,082,582 | — | — | — | $2,397,717 ! | $— | $58,309 | Verified |
| 2021 | $2,077,133 | — | — | −$158,959 | $1,918,174 | $— | $52,127 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +18.6% | +18.6% | ~100% | Not available | Partial |
| 2025 | +480.0% ! | +480.0% | ~100% | Not available | Partial |
| 2024 | +8.0% | +8.0% | ~100% | 1.8500% | Verified |
| 2023 | +334.8% ! | +334.8% | ~100% | 2.0600% | Verified |
| 2022 | +24.8% | +24.8% | ~100% | 2.2400% | Verified |
| 2021 | base year | — | ~100% | 2.5100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +3300.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +18.6% | +181.0% | +134.1% | +526.6% | 2025 | +0.3% | 2022 |
| Assessment Ratio | 100.0% | 112.0% | — | 215.4% | 2023 | 49.5% | 2024 |
| Effective Tax Rate (2025) | 2.2300% | 2.2300% | — | 2.2300% | 2025 | 2.2300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,578,161 | $429,423 | ~$1,911,196 | $1,578,161 | 2025 | $52,127 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$171,152,733 | ~$77,909,895 | ~2.1595% | ~$1,682,454 | +141.6% |
| 2027 | ~$413,587,825 | ~$85,700,884 | ~2.0908% | ~$1,791,824 | +483.9% |
| 2028 | ~$999,428,322 | ~$94,270,973 | ~2.0221% | ~$1,906,243 | +1311.1% |
| 2029 | ~$2,415,102,452 | ~$103,698,070 | ~1.9534% | ~$2,025,629 | +3309.9% |
| 2030 | ~$5,836,056,202 | ~$114,067,877 | ~1.8847% | ~$2,149,829 | +8139.9% |
| 2026 | ~$169,736,190 | ~$77,909,895 | ~2.2282% | ~$1,735,977 | +139.6% |
| 2027 | ~$406,770,046 | ~$85,700,884 | ~2.2282% | ~$1,909,574 | +474.3% |
| 2028 | ~$974,817,869 | ~$94,270,973 | ~2.2282% | ~$2,100,532 | +1276.3% |
| 2029 | ~$2,336,135,332 | ~$103,698,070 | ~2.2282% | ~$2,310,585 | +3198.4% |
| 2030 | ~$5,598,510,720 | ~$114,067,877 | ~2.2282% | ~$2,541,643 | +7804.5% |
| 2026 | ~$172,569,277 | ~$77,909,895 | ~2.1251% | ~$1,655,692 | +143.6% |
| 2027 | ~$420,462,265 | ~$85,700,884 | ~2.0221% | ~$1,732,949 | +493.6% |
| 2028 | ~$1,024,449,541 | ~$94,270,973 | ~1.9190% | ~$1,809,099 | +1346.4% |
| 2029 | ~$2,496,054,817 | ~$103,698,070 | ~1.8160% | ~$1,883,151 | +3424.1% |
| 2030 | ~$6,081,597,385 | ~$114,067,877 | ~1.7129% | ~$1,953,921 | +8486.5% |
In 2025, this property's market value of $70,827,177 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 | $70,827,177 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $11,304,112 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,599,706 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,082,582 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,077,133 | $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.