1501 S HEATHERWILDE BLVD TX 78660
| Owner | FSC HIGHLANDS ASSOCIATES LLC |
|---|---|
| Parcel ID | 0267310142 |
| Short ID | 905336 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 250,376 SF |
| Land SF | 635,410 SF |
| Acres | 14.587 |
| Year Built | 2017 |
| Legal | LOT 2A BLK A CARMEN SUBD REPLAT LT 2 BLK A |
| Neighborhood | 08NE2 |
| Land | $3,177,049 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,177,049 |
| Improvement | $59,162,951 |
|---|---|
| Total Improvement | $59,162,951 |
| Market | $62,340,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $62,340,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $62,340,000 |
| Taxable Value | $62,340,000 |
|---|
Appreciation: Market value has risen +42.3% from $43,818,240 (2021) to $62,340,000 (2025), a CAGR of 9.2% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced the broader multi-family market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.2285% in 2025 (+0.0325% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,389,267. 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 5% of market value ($3,177,049 land vs $59,162,951 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age (~9 yrs), and rent roll drive the underwriting.
Submarket Position: At $62,340,000, 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 +9.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $96,862,714 by 2030, with an estimated annual tax burden around $1,910,472. 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 | 250,376 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $642,002.00 | $642,002.00 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $310,300.00 | $310,300.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $217,990.10 | $217,990.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $68,453.34 | $68,453.34 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $53,803.70 | $53,803.70 | Paid |
| Combined Rate | 2.4335% | 2.2428% | 2.1280% | 2.1960% | 2.2285% | +0.0325% | $1,292,549.14 | $1,292,549.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $57,440,000 | $62,340,000 | -7.9% |
| Assessed Value | $57,440,000 | $62,340,000 | -7.9% |
| Land Value | $3,177,049 | $3,177,049 | +0.0% |
| Improvement Value | $54,262,951 | $59,162,951 | -8.3% |
| Taxable Value | $57,440,000 | $62,340,000 | -7.9% |
| Total Tax 2026 = estimate |
~$1,280,069
Estimated
|
~$1,292,549
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $59,709,647 | $57,440,000 | -2,269,647 (-3.8%) |
| Taxable Value | $59,709,647 | $57,440,000 | -2,269,647 (-3.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $57,440,000 | $3,177,049 | $54,262,951 | — | $57,440,000 | $57,440,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $62,340,000 | $3,177,049 | $59,162,951 | — | $62,340,000 | $62,340,000 | ~$1,292,549 | Partial |
| 2024 | $66,540,000 | — | — | −$63,362,951 | $3,177,049 | $— | $1,359,333 | Verified |
| 2023 | $61,931,839 | — | — | −$58,754,790 | $3,177,049 | $— | $1,416,002 | Verified |
| 2022 | $— | — | — | — | $3,177,049 | $— | $1,300,900 | Verified |
| 2021 | $43,818,240 | — | — | −$40,641,191 | $3,177,049 | $— | $1,043,437 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.2% | -4.2% | ~100% | Not available | Partial |
| 2025 | -0.7% | -0.7% | ~100% | Not available | Partial |
| 2024 | -8.2% | -8.2% | ~100% | 2.1700% | Verified |
| 2023 | +10.4% | +10.4% | ~100% | 2.0700% | Verified |
| 2022 | +37.9% | +37.9% | ~100% | 2.1000% | Verified |
| 2021 | base year | — | ~100% | 2.3800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.9% | +8.6% | +11.1% | +41.3% | 2023 | -7.9% | 2026 |
| Assessment Ratio | 100.0% | 43.4% | — | 100.0% | 2025 | 4.8% | 2024 |
| Effective Tax Rate (2025) | 2.0700% | 2.0700% | — | 2.0700% | 2025 | 2.0700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,292,549 | $1,277,830 | ~$1,690,681 | $1,416,002 | 2023 | $1,043,437 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$68,083,953 | ~$68,083,953 | ~2.1773% | ~$1,482,390 | +9.2% |
| 2027 | ~$74,357,149 | ~$74,357,149 | ~2.1261% | ~$1,580,878 | +19.3% |
| 2028 | ~$81,208,352 | ~$81,208,352 | ~2.0748% | ~$1,684,930 | +30.3% |
| 2029 | ~$88,690,819 | ~$88,690,819 | ~2.0236% | ~$1,794,736 | +42.3% |
| 2030 | ~$96,862,714 | ~$96,862,714 | ~1.9724% | ~$1,910,472 | +55.4% |
| 2026 | ~$66,837,153 | ~$66,837,153 | ~2.2285% | ~$1,489,488 | +7.2% |
| 2027 | ~$71,658,727 | ~$71,658,727 | ~2.2285% | ~$1,596,938 | +14.9% |
| 2028 | ~$76,828,125 | ~$76,828,125 | ~2.2285% | ~$1,712,140 | +23.2% |
| 2029 | ~$82,370,439 | ~$82,370,439 | ~2.2285% | ~$1,835,652 | +32.1% |
| 2030 | ~$88,312,571 | ~$88,312,571 | ~2.2285% | ~$1,968,075 | +41.7% |
| 2026 | ~$69,330,753 | ~$68,574,000 | ~2.1517% | ~$1,475,492 | +11.2% |
| 2027 | ~$77,105,444 | ~$75,431,400 | ~2.0748% | ~$1,565,068 | +23.7% |
| 2028 | ~$85,751,981 | ~$82,974,540 | ~1.9980% | ~$1,657,805 | +37.6% |
| 2029 | ~$95,368,133 | ~$91,271,994 | ~1.9211% | ~$1,753,439 | +53.0% |
| 2030 | ~$106,062,633 | ~$100,399,193 | ~1.8443% | ~$1,851,621 | +70.1% |
In 2025, this property's market value of $62,340,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 120× 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 | $62,340,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $66,540,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $61,931,839 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $43,818,240 | $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.