RIATA TRACE PKWY TX
| Owner | BPP ALPHABET MF RIATA LP |
|---|---|
| Parcel ID | 0266000301 |
| Short ID | 444090 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 251,399 SF |
| Land SF | 628,004 SF |
| Acres | 14.417 |
| Year Built | 1999 |
| Legal | 14.417 AC OF LOT 1 BLK A RIATA SEC 1 |
| Neighborhood | 08FNW |
| Land | $6,280,040 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,280,040 |
| Improvement | $55,579,960 |
|---|---|
| Total Improvement | $55,579,960 |
| Market | $61,860,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $61,860,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $61,860,000 |
| Taxable Value | $61,860,000 |
|---|
Appreciation: Market value has risen +28.9% from $48,006,020 (2021) to $61,860,000 (2025), a CAGR of 6.5% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→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 $1,265,956. 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 10% of market value ($6,280,040 land vs $55,579,960 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~27 yrs), and rent roll drive the underwriting.
Submarket Position: At $61,860,000, 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 +6.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $84,928,349 by 2030, with an estimated annual tax burden around $1,599,831. 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.
21 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 242,636 SF | ✗ |
| 551 | PAVED AREA | 197,735 SF | ✗ |
| 2ND | 2nd Floor | 103,407 SF | ✓ |
| 1ST | 1st Floor | 82,125 SF | ✓ |
| SO | Sketch Only | 72,002 SF | ✗ |
| 3RD | 3rd Floor | 65,867 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 31,424 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 30,875 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 25,146 SF | ✗ |
| 581C | STORAGE ATT COMM | 7,864 SF | ✓ |
| 612C | TERRACE UNCOVERD COMM | 2,409 SF | ✗ |
| 602 | POOL RES CONC | 727 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 528 SF | ✓ |
| 482 | LIGHT POLES | 22 SF | ✓ |
| MISC | Miscellaneous | 4 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 182 | SINK AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $549,462.73 | $549,462.73 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $311,206.02 | $311,206.02 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $223,208.84 | $223,208.84 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $70,092.13 | $70,092.13 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $61,407.75 | $61,407.75 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,215,377.47 | $1,215,377.47 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $58,782,601 | $61,860,000 | -5.0% |
| Assessed Value | $58,782,601 | $61,860,000 | -5.0% |
| Land Value | $6,280,040 | $6,280,040 | +0.0% |
| Improvement Value | $52,502,561 | $55,579,960 | -5.5% |
| Taxable Value | $58,782,601 | $61,860,000 | -5.0% |
| Total Tax 2026 = estimate |
~$1,202,977
Estimated
|
~$1,215,377
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $58,782,601 | $58,782,601 | +0 (+0.0%) |
| Taxable Value | $58,782,601 | $58,782,601 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $58,782,601 | $6,280,040 | $52,502,561 | — | $58,782,601 | $58,782,601 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $61,860,000 | $6,280,040 | $55,579,960 | — | $61,860,000 | $61,860,000 | ~$1,215,377 | Partial |
| 2024 | $62,025,256 | — | — | −$55,745,216 | $6,280,040 | $— | $1,227,337 | Verified |
| 2023 | $59,500,000 | — | — | −$53,219,960 | $6,280,040 | $— | $1,124,305 | Verified |
| 2022 | $— | — | — | — | $6,280,040 | $— | $1,119,707 | Verified |
| 2021 | $48,006,020 | — | — | −$41,725,980 | $6,280,040 | $— | $1,025,902 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.0% | -5.0% | ~100% | Not available | Partial |
| 2025 | -3.1% | -3.1% | ~100% | Not available | Partial |
| 2024 | -3.2% | -3.2% | ~100% | 1.9200% | Verified |
| 2023 | +10.8% | +10.8% | ~100% | 1.7000% | Verified |
| 2022 | +22.6% | +22.6% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.1400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.0% | +5.7% | +7.7% | +23.9% | 2023 | -5.0% | 2026 |
| Assessment Ratio | 100.0% | 46.8% | — | 100.0% | 2025 | 10.1% | 2024 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,215,377 | $1,148,230 | ~$1,460,818 | $1,227,337 | 2024 | $1,025,902 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$65,908,051 | ~$65,908,051 | ~2.0139% | ~$1,327,346 | +6.5% |
| 2027 | ~$70,221,002 | ~$70,221,002 | ~1.9814% | ~$1,391,351 | +13.5% |
| 2028 | ~$74,816,188 | ~$74,816,188 | ~1.9488% | ~$1,458,047 | +20.9% |
| 2029 | ~$79,712,078 | ~$79,712,078 | ~1.9163% | ~$1,527,515 | +28.9% |
| 2030 | ~$84,928,349 | ~$84,928,349 | ~1.8837% | ~$1,599,831 | +37.3% |
| 2026 | ~$64,670,851 | ~$64,670,851 | ~2.0465% | ~$1,323,479 | +4.5% |
| 2027 | ~$67,609,424 | ~$67,609,424 | ~2.0465% | ~$1,383,617 | +9.3% |
| 2028 | ~$70,681,523 | ~$70,681,523 | ~2.0465% | ~$1,446,487 | +14.3% |
| 2029 | ~$73,893,214 | ~$73,893,214 | ~2.0465% | ~$1,512,214 | +19.5% |
| 2030 | ~$77,250,841 | ~$77,250,841 | ~2.0465% | ~$1,580,927 | +24.9% |
| 2026 | ~$67,145,251 | ~$67,145,251 | ~1.9977% | ~$1,341,335 | +8.5% |
| 2027 | ~$72,882,068 | ~$72,882,068 | ~1.9488% | ~$1,420,355 | +17.8% |
| 2028 | ~$79,109,033 | ~$79,109,033 | ~1.9000% | ~$1,503,085 | +27.9% |
| 2029 | ~$85,868,022 | ~$85,868,022 | ~1.8512% | ~$1,589,584 | +38.8% |
| 2030 | ~$93,204,492 | ~$93,204,492 | ~1.8024% | ~$1,679,891 | +50.7% |
In 2025, this property's market value of $61,860,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 119× 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 | $61,860,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $62,025,256 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $59,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $48,006,020 | $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.