RIATA TRACE PKWY TX
| Owner | BPP ALPHABET MF RIATA LP |
|---|---|
| Parcel ID | 0268001303 |
| Short ID | 427439 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 244,752 SF |
| Land SF | 659,803 SF |
| Acres | 15.147 |
| Year Built | 1997 |
| Legal | 15.147 ACR OF LOT 1 BLK A RIATA SEC 1 |
| Neighborhood | 08FNW |
| Land | $6,598,030 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,598,030 |
| Improvement | $56,551,970 |
|---|---|
| Total Improvement | $56,551,970 |
| Market | $63,150,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $63,150,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $63,150,000 |
| Taxable Value | $63,150,000 |
|---|
Appreciation: Market value has risen +35.7% from $46,523,810 (2021) to $63,150,000 (2025), a CAGR of 7.9% 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 2.0144% in 2025 (+0.0900% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,272,084. Round Rock ISD is the largest single contributor, at 44.3% 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 ($6,598,030 land vs $56,551,970 improvements), about $10/SF of land. Most value sits in the improvements, so building condition, age (~29 yrs), and rent roll drive the underwriting.
Submarket Position: At $63,150,000, 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 +7.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $92,522,201 by 2030, with an estimated annual tax burden around $1,592,902. 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.
23 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 180,668 SF | ✗ |
| 551 | PAVED AREA | 100,000 SF | ✗ |
| 1ST | 1st Floor | 88,120 SF | ✓ |
| 2ND | 2nd Floor | 78,316 SF | ✓ |
| 3RD | 3rd Floor | 78,316 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 34,985 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 33,000 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 33,000 SF | ✗ |
| 581C | STORAGE ATT COMM | 9,328 SF | ✓ |
| 601 | POOL COMM'L | 1,652 SF | ✗ |
| 061C | CARPORT ATT 1ST COMM | 468 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 180 SF | ✗ |
| 611 | TERRACE | 100 SF | ✗ |
| 482 | LIGHT POLES | 32 SF | ✓ |
| MISC | Miscellaneous | 8 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 | ✓ |
| 212 | URINAL AVG | 1 SF | ✓ |
| 222 | FOUNTAIN WTR AVG | 1 SF | ✓ |
| 447C | SPA CON COMM | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IRR Round Rock ISD | 1.1336% | 1.0626% | 0.9190% | 0.8931% | 0.8931% | +0.0000% | $541,459.70 | $541,459.70 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $317,695.77 | $317,695.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $227,863.53 | $227,863.53 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $71,553.80 | $71,553.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $62,688.31 | $62,688.31 | Paid |
| Combined Rate | 2.2486% | 2.0409% | 1.8687% | 1.9244% | 2.0144% | +0.0900% | $1,221,261.11 | $1,221,261.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $57,510,383 | $63,150,000 | -8.9% |
| Assessed Value | $57,510,383 | $63,150,000 | -8.9% |
| Land Value | $6,598,030 | $6,598,030 | +0.0% |
| Improvement Value | $50,912,353 | $56,551,970 | -10.0% |
| Taxable Value | $57,510,383 | $63,150,000 | -8.9% |
| Total Tax 2026 = estimate |
~$1,158,481
Estimated
|
~$1,221,261
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $57,510,383 | $57,510,383 | +0 (+0.0%) |
| Taxable Value | $57,510,383 | $57,510,383 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $57,510,383 | $6,598,030 | $50,912,353 | — | $57,510,383 | $57,510,383 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $63,150,000 | $6,598,030 | $56,551,970 | — | $63,150,000 | $63,150,000 | ~$1,221,261 | Partial |
| 2024 | $59,376,835 | — | — | −$52,778,805 | $6,598,030 | $— | $1,194,648 | Verified |
| 2023 | $57,710,000 | — | — | −$51,111,970 | $6,598,030 | $— | $1,111,627 | Verified |
| 2022 | $— | — | — | — | $6,598,030 | $— | $1,122,221 | Verified |
| 2021 | $46,523,810 | — | — | −$39,925,780 | $6,598,030 | $— | $1,009,087 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -8.9% | -8.9% | ~100% | Not available | Partial |
| 2025 | -1.3% | -1.3% | ~100% | Not available | Partial |
| 2024 | +1.4% | +1.4% | ~100% | 1.8700% | Verified |
| 2023 | +9.4% | +9.4% | ~100% | 1.7600% | Verified |
| 2022 | +24.9% | +24.9% | ~100% | 1.9400% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +36.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.9% | +6.1% | +10.1% | +24.0% | 2023 | -8.9% | 2026 |
| Assessment Ratio | 100.0% | 47.3% | — | 100.0% | 2025 | 11.1% | 2024 |
| Effective Tax Rate (2025) | 1.9300% | 1.9300% | — | 1.9300% | 2025 | 1.9300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,221,261 | $1,134,156 | ~$1,461,624 | $1,221,261 | 2025 | $1,009,087 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$68,162,871 | ~$68,162,871 | ~1.9558% | ~$1,333,154 | +7.9% |
| 2027 | ~$73,573,666 | ~$73,573,666 | ~1.8973% | ~$1,395,904 | +16.5% |
| 2028 | ~$79,413,972 | ~$79,413,972 | ~1.8387% | ~$1,460,216 | +25.8% |
| 2029 | ~$85,717,883 | ~$85,717,883 | ~1.7802% | ~$1,525,942 | +35.7% |
| 2030 | ~$92,522,201 | ~$92,522,201 | ~1.7216% | ~$1,592,902 | +46.5% |
| 2026 | ~$66,899,871 | ~$66,899,871 | ~2.0144% | ~$1,347,621 | +5.9% |
| 2027 | ~$70,872,411 | ~$70,872,411 | ~2.0144% | ~$1,427,643 | +12.2% |
| 2028 | ~$75,080,842 | ~$75,080,842 | ~2.0144% | ~$1,512,417 | +18.9% |
| 2029 | ~$79,539,171 | ~$79,539,171 | ~2.0144% | ~$1,602,225 | +26.0% |
| 2030 | ~$84,262,237 | ~$84,262,237 | ~2.0144% | ~$1,697,366 | +33.4% |
| 2026 | ~$69,425,871 | ~$69,425,871 | ~1.9266% | ~$1,337,533 | +9.9% |
| 2027 | ~$76,325,441 | ~$76,325,441 | ~1.8387% | ~$1,403,426 | +20.9% |
| 2028 | ~$83,910,692 | ~$83,910,692 | ~1.7509% | ~$1,469,206 | +32.9% |
| 2029 | ~$92,249,769 | ~$92,249,769 | ~1.6631% | ~$1,534,200 | +46.1% |
| 2030 | ~$101,417,586 | ~$101,417,586 | ~1.5753% | ~$1,597,602 | +60.6% |
In 2025, this property's market value of $63,150,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 121× 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 | $63,150,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $59,376,835 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $57,710,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $46,523,810 | $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.