11215 RESEARCH BLVD TX 78759
| Owner | MID-AMERICA APARTMENTS OF AUSTIN LP |
|---|---|
| Parcel ID | 0257020116 |
| Short ID | 262089 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 313,756 SF |
| Land SF | 995,867 SF |
| Acres | 22.862 |
| Year Built | 1982 |
| Legal | LOT A LESS .435A BALCONES WOODS COMMERCIAL NO 2-A |
| Neighborhood | 08FNW |
| Land | $19,917,340 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $19,917,340 |
| Improvement | $45,412,660 |
|---|---|
| Total Improvement | $45,412,660 |
| Market | $65,330,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $65,330,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $65,330,000 |
| Taxable Value | $65,330,000 |
|---|
Appreciation: Market value has risen +33.4% from $48,980,000 (2021) to $65,330,000 (2025), a CAGR of 7.5% 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 $1,336,969. 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 30% of market value ($19,917,340 land vs $45,412,660 improvements), about $20/SF of land. Most value sits in the improvements, so building condition, age (~44 yrs), and rent roll drive the underwriting.
Submarket Position: At $65,330,000, 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 +7.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $93,644,010 by 2030, with an estimated annual tax burden around $1,764,012. 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.
26 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 399,401 SF | ✗ |
| 2ND | 2nd Floor | 147,881 SF | ✓ |
| 1ST | 1st Floor | 141,495 SF | ✓ |
| 551 | PAVED AREA | 82,450 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 34,593 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 28,633 SF | ✗ |
| 3RD | 3rd Floor | 24,380 SF | ✓ |
| 412 | TENNIS COURT | 13,560 SF | ✗ |
| 581C | STORAGE ATT COMM | 11,992 SF | ✓ |
| 611 | TERRACE | 7,308 SF | ✗ |
| 601 | POOL COMM'L | 1,796 SF | ✗ |
| 571C | STORAGE DET COMM | 1,206 SF | ✓ |
| 541 | FENCE COMM LF | 1,100 SF | ✗ |
| 482 | LIGHT POLES | 53 SF | ✓ |
| MISC | Miscellaneous | 14 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 | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 349 | SPA FV | 1 SF | ✗ |
| 449 | SPA | 1 SF | ✗ |
| 529 | FIREPLACE FV | 1 SF | ✓ |
| 549 | FENCE COMM 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $604,433.16 | $604,433.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $342,340.31 | $342,340.31 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $245,539.54 | $245,539.54 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $77,104.43 | $77,104.43 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $67,551.22 | $67,551.22 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,336,968.66 | $1,336,968.66 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $54,460,000 | $65,330,000 | -16.6% |
| Assessed Value | $54,460,000 | $65,330,000 | -16.6% |
| Land Value | $19,917,340 | $19,917,340 | +0.0% |
| Improvement Value | $34,542,660 | $45,412,660 | -23.9% |
| Taxable Value | $54,460,000 | $65,330,000 | -16.6% |
| Total Tax 2026 = estimate |
~$1,114,516
Estimated
|
~$1,336,969
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $54,460,000 | $54,460,000 | +0 (+0.0%) |
| Taxable Value | $54,460,000 | $54,460,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $54,460,000 | $19,917,340 | $34,542,660 | — | $54,460,000 | $54,460,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $65,330,000 | $19,917,340 | $45,412,660 | — | $65,330,000 | $65,330,000 | ~$1,336,969 | Partial |
| 2024 | $78,490,000 | — | — | −$58,572,660 | $19,917,340 | $— | $1,313,619 | Verified |
| 2023 | $66,500,000 | — | — | −$54,549,596 | $11,950,404 | $— | $1,315,900 | Verified |
| 2022 | $52,000,000 | — | — | −$40,049,596 | $11,950,404 | $— | $1,317,469 | Verified |
| 2021 | $48,980,000 | — | — | −$37,029,596 | $11,950,404 | $— | $1,131,873 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -16.6% | -16.6% | ~100% | Not available | Partial |
| 2025 | -8.7% | -8.7% | ~100% | Not available | Partial |
| 2024 | -8.8% | -8.8% | ~100% | 1.8400% | Verified |
| 2023 | +11.0% | +11.0% | ~100% | 1.6800% | Verified |
| 2022 | +36.0% | +36.0% | ~100% | 1.8600% | Verified |
| 2021 | base year | — | ~100% | 2.3100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -16.6% | +3.7% | +11.8% | +27.9% | 2023 | -16.8% | 2025 |
| Assessment Ratio | 100.0% | 48.5% | — | 100.0% | 2025 | 18.0% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,336,969 | $1,283,166 | ~$1,584,583 | $1,336,969 | 2025 | $1,131,873 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$70,207,923 | ~$70,207,923 | ~2.0139% | ~$1,413,943 | +7.5% |
| 2027 | ~$75,450,061 | ~$75,450,061 | ~1.9814% | ~$1,494,958 | +15.5% |
| 2028 | ~$81,083,608 | ~$81,083,608 | ~1.9488% | ~$1,580,189 | +24.1% |
| 2029 | ~$87,137,789 | ~$87,137,789 | ~1.9163% | ~$1,669,814 | +33.4% |
| 2030 | ~$93,644,010 | ~$93,644,010 | ~1.8837% | ~$1,764,012 | +43.3% |
| 2026 | ~$68,901,323 | ~$68,901,323 | ~2.0465% | ~$1,410,055 | +5.5% |
| 2027 | ~$72,667,876 | ~$72,667,876 | ~2.0465% | ~$1,487,137 | +11.2% |
| 2028 | ~$76,640,331 | ~$76,640,331 | ~2.0465% | ~$1,568,433 | +17.3% |
| 2029 | ~$80,829,944 | ~$80,829,944 | ~2.0465% | ~$1,654,173 | +23.7% |
| 2030 | ~$85,248,586 | ~$85,248,586 | ~2.0465% | ~$1,744,600 | +30.5% |
| 2026 | ~$71,514,523 | ~$71,514,523 | ~1.9977% | ~$1,428,619 | +9.5% |
| 2027 | ~$78,284,510 | ~$78,284,510 | ~1.9488% | ~$1,525,639 | +19.8% |
| 2028 | ~$85,695,384 | ~$85,695,384 | ~1.9000% | ~$1,628,227 | +31.2% |
| 2029 | ~$93,807,815 | ~$93,807,815 | ~1.8512% | ~$1,736,565 | +43.6% |
| 2030 | ~$102,688,216 | ~$102,688,216 | ~1.8024% | ~$1,850,823 | +57.2% |
In 2025, this property's market value of $65,330,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 126× 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 | $65,330,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $78,490,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $66,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $52,000,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $48,980,000 | $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.