RIATA TRACE PKWY TX
| Owner | BPP ALPHABET MF RIATA LP |
|---|---|
| Parcel ID | 0266000401 |
| Short ID | 444092 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 381,408 SF |
| Land SF | 965,638 SF |
| Acres | 22.168 |
| Year Built | 1999 |
| Legal | 22.168 AC OF LOT 1 BLK A RIATA SEC 1 |
| Neighborhood | 08FNW |
| Land | $9,656,380 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,656,380 |
| Improvement | $87,823,620 |
|---|---|
| Total Improvement | $87,823,620 |
| Market | $97,480,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $97,480,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $97,480,000 |
| Taxable Value | $97,480,000 |
|---|
Appreciation: Market value has risen +34.5% from $72,500,140 (2021) to $97,480,000 (2025), a CAGR of 7.7% 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 $1,994,914. 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 ($9,656,380 land vs $87,823,620 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 $97,480,000, 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 +7.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $141,135,532 by 2030, with an estimated annual tax burden around $2,658,630. 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.
25 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 368,340 SF | ✗ |
| 551 | PAVED AREA | 138,000 SF | ✗ |
| 2ND | 2nd Floor | 135,692 SF | ✓ |
| 1ST | 1st Floor | 123,092 SF | ✓ |
| 3RD | 3rd Floor | 122,624 SF | ✓ |
| SO | Sketch Only | 100,240 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 48,694 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 45,576 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 45,576 SF | ✗ |
| 450 | SPORT COURT | 4,800 SF | ✗ |
| 602 | POOL RES CONC | 1,652 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 180 SF | ✗ |
| 571C | STORAGE DET COMM | 160 SF | ✓ |
| 482 | LIGHT POLES | 32 SF | ✓ |
| MISC | Miscellaneous | 6 SF | ✓ |
| 121 | WATER/SEWER INF | 1 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 | ✓ |
| 222 | FOUNTAIN WTR AVG | 1 SF | ✓ |
| 447C | SPA CON COMM | 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% | $865,852.34 | $865,852.34 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $490,403.53 | $490,403.53 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $351,736.14 | $351,736.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $110,452.32 | $110,452.32 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $96,767.33 | $96,767.33 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,915,211.66 | $1,915,211.66 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $89,126,711 | $97,480,000 | -8.6% |
| Assessed Value | $89,126,711 | $97,480,000 | -8.6% |
| Land Value | $9,656,380 | $9,656,380 | +0.0% |
| Improvement Value | $79,470,331 | $87,823,620 | -9.5% |
| Taxable Value | $89,126,711 | $97,480,000 | -8.6% |
| Total Tax 2026 = estimate |
~$1,823,965
Estimated
|
~$1,915,212
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $89,126,711 | $89,126,711 | +0 (+0.0%) |
| Taxable Value | $89,126,711 | $89,126,711 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $89,126,711 | $9,656,380 | $79,470,331 | — | $89,126,711 | $89,126,711 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $97,480,000 | $9,656,380 | $87,823,620 | — | $97,480,000 | $97,480,000 | ~$1,915,212 | Partial |
| 2024 | $93,709,655 | — | — | −$84,053,275 | $9,656,380 | $— | $1,934,137 | Verified |
| 2023 | $89,870,000 | — | — | −$80,213,620 | $9,656,380 | $— | $1,698,634 | Verified |
| 2022 | $— | — | — | — | $9,656,380 | $— | $1,691,228 | Verified |
| 2021 | $72,500,140 | — | — | −$62,843,760 | $9,656,380 | $— | $1,549,632 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.6% | -8.6% | ~100% | Not available | Partial |
| 2025 | -3.1% | -3.1% | ~100% | Not available | Partial |
| 2024 | +1.0% | +1.0% | ~100% | 1.9200% | Verified |
| 2023 | +10.9% | +10.9% | ~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): +33.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.6% | +5.9% | +9.7% | +24.0% | 2023 | -8.6% | 2026 |
| Assessment Ratio | 100.0% | 46.9% | — | 100.0% | 2025 | 10.3% | 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 |
$1,915,212 | $1,774,404 | ~$2,379,183 | $1,934,137 | 2024 | $1,549,632 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$104,968,669 | ~$104,968,669 | ~2.0139% | ~$2,114,002 | +7.7% |
| 2027 | ~$113,032,637 | ~$113,032,637 | ~1.9814% | ~$2,239,615 | +16.0% |
| 2028 | ~$121,716,100 | ~$121,716,100 | ~1.9488% | ~$2,372,051 | +24.9% |
| 2029 | ~$131,066,649 | ~$131,066,649 | ~1.9163% | ~$2,511,618 | +34.5% |
| 2030 | ~$141,135,532 | ~$141,135,532 | ~1.8837% | ~$2,658,630 | +44.8% |
| 2026 | ~$103,019,069 | ~$103,019,069 | ~2.0465% | ~$2,108,270 | +5.7% |
| 2027 | ~$108,872,882 | ~$108,872,882 | ~2.0465% | ~$2,228,067 | +11.7% |
| 2028 | ~$115,059,324 | ~$115,059,324 | ~2.0465% | ~$2,354,672 | +18.0% |
| 2029 | ~$121,597,296 | ~$121,597,296 | ~2.0465% | ~$2,488,470 | +24.7% |
| 2030 | ~$128,506,773 | ~$128,506,773 | ~2.0465% | ~$2,629,872 | +31.8% |
| 2026 | ~$106,918,269 | ~$106,918,269 | ~1.9977% | ~$2,135,866 | +9.7% |
| 2027 | ~$117,270,375 | ~$117,270,375 | ~1.9488% | ~$2,285,411 | +20.3% |
| 2028 | ~$128,624,800 | ~$128,624,800 | ~1.9000% | ~$2,443,893 | +31.9% |
| 2029 | ~$141,078,590 | ~$141,078,590 | ~1.8512% | ~$2,611,638 | +44.7% |
| 2030 | ~$154,738,188 | ~$154,738,188 | ~1.8024% | ~$2,788,957 | +58.7% |
In 2025, this property's market value of $97,480,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 188× 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 | $97,480,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $93,709,655 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $89,870,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $72,500,140 | $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.