1241 TOWN CENTER DR TX 78660
| Owner | CENTENNIAL STONE HILL LP |
|---|---|
| Parcel ID | 0282460602 |
| Short ID | 811436 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 339,823 SF |
| Land SF | 738,118 SF |
| Acres | 16.945 |
| Year Built | 2013 |
| Legal | LOT 19 BLK 6 STONE HILL TOWN CENTER SEC 2 PHS 1 AMENDING PLAT NO 1 |
| Neighborhood | 08NE2 |
| Land | $8,857,416 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,857,416 |
| Improvement | $70,242,584 |
|---|---|
| Total Improvement | $70,242,584 |
| Market | $79,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $79,100,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $79,100,000 |
| Taxable Value | $79,100,000 |
|---|
Appreciation: Market value has risen +44.1% from $54,900,000 (2021) to $79,100,000 (2025), a CAGR of 9.6% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $1,762,770. 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 11% of market value ($8,857,416 land vs $70,242,584 improvements), about $12/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $79,100,000, 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 +9.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $124,862,394 by 2030, with an estimated annual tax burden around $2,462,724. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 200,000 SF | ✗ |
| 1ST | 1st Floor | 155,041 SF | ✓ |
| 2ND | 2nd Floor | 147,606 SF | ✓ |
| 3RD | 3rd Floor | 37,176 SF | ✓ |
| 4TH | 4th Floor | 37,176 SF | ✓ |
| MISC | Miscellaneous | 6,000 SF | ✓ |
| 601 | POOL COMM'L | 2,000 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 240 SF | ✓ |
| 051C | CARPORT DET 1ST COMM | 180 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 276 | ELEVATOR COM PAS | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IPF Pflugerville ISD | 1.3880% | 1.2646% | 1.1092% | 1.1069% | 1.1069% | +0.0000% | $875,557.90 | $875,557.90 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $423,185.00 | $423,185.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $297,293.40 | $297,293.40 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $93,356.19 | $93,356.19 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $73,377.12 | $73,377.12 | Paid |
| Combined Rate | 2.4335% | 2.2428% | 2.1280% | 2.1960% | 2.2285% | +0.0325% | $1,762,769.61 | $1,762,769.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $69,090,000 | $79,100,000 | -12.7% |
| Assessed Value | $69,090,000 | $79,100,000 | -12.7% |
| Land Value | $8,857,416 | $8,857,416 | +0.0% |
| Improvement Value | $60,232,584 | $70,242,584 | -14.3% |
| Taxable Value | $69,090,000 | $79,100,000 | -12.7% |
| Total Tax 2026 = estimate |
~$1,539,693
Estimated
|
~$1,762,770
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $69,090,000 | $69,090,000 | +0 (+0.0%) |
| Taxable Value | $69,090,000 | $69,090,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $69,090,000 | $8,857,416 | $60,232,584 | — | $69,090,000 | $69,090,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $79,100,000 | $8,857,416 | $70,242,584 | — | $79,100,000 | $79,100,000 | ~$1,762,770 | Partial |
| 2024 | $81,442,771 | — | — | −$72,585,355 | $8,857,416 | $— | $1,662,686 | Verified |
| 2023 | $73,220,000 | — | — | −$64,362,584 | $8,857,416 | $— | $1,662,538 | Verified |
| 2022 | $57,900,000 | — | — | −$49,042,584 | $8,857,416 | $— | $1,604,129 | Verified |
| 2021 | $54,900,000 | — | — | −$46,042,584 | $8,857,416 | $— | $1,364,458 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.7% | -12.7% | ~100% | Not available | Partial |
| 2025 | -1.7% | -1.7% | ~100% | Not available | Partial |
| 2024 | -1.2% | -1.2% | ~100% | 2.0700% | Verified |
| 2023 | +11.2% | +11.2% | ~100% | 2.0400% | Verified |
| 2022 | +26.5% | +26.5% | ~100% | 2.1900% | Verified |
| 2021 | base year | — | ~100% | 2.4900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +36.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.7% | +5.5% | +12.7% | +26.5% | 2023 | -12.7% | 2026 |
| Assessment Ratio | 100.0% | 42.4% | — | 100.0% | 2025 | 10.9% | 2024 |
| Effective Tax Rate (2025) | 2.2300% | 2.2300% | — | 2.2300% | 2025 | 2.2300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,762,770 | $1,611,316 | ~$2,166,550 | $1,762,770 | 2025 | $1,364,458 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$86,661,763 | ~$86,661,763 | ~2.1773% | ~$1,886,884 | +9.6% |
| 2027 | ~$94,946,411 | ~$94,946,411 | ~2.1261% | ~$2,018,618 | +20.0% |
| 2028 | ~$104,023,051 | ~$104,023,051 | ~2.0748% | ~$2,158,295 | +31.5% |
| 2029 | ~$113,967,395 | ~$113,967,395 | ~2.0236% | ~$2,306,229 | +44.1% |
| 2030 | ~$124,862,394 | ~$124,862,394 | ~1.9724% | ~$2,462,724 | +57.9% |
| 2026 | ~$85,079,763 | ~$85,079,763 | ~2.2285% | ~$1,896,031 | +7.6% |
| 2027 | ~$91,511,581 | ~$91,511,581 | ~2.2285% | ~$2,039,366 | +15.7% |
| 2028 | ~$98,429,628 | ~$98,429,628 | ~2.2285% | ~$2,193,537 | +24.4% |
| 2029 | ~$105,870,662 | ~$105,870,662 | ~2.2285% | ~$2,359,363 | +33.8% |
| 2030 | ~$113,874,220 | ~$113,874,220 | ~2.2285% | ~$2,537,725 | +44.0% |
| 2026 | ~$88,243,763 | ~$87,010,000 | ~2.1517% | ~$1,872,175 | +11.6% |
| 2027 | ~$98,444,522 | ~$95,711,000 | ~2.0748% | ~$1,985,834 | +24.5% |
| 2028 | ~$109,824,463 | ~$105,282,100 | ~1.9980% | ~$2,103,503 | +38.8% |
| 2029 | ~$122,519,897 | ~$115,810,310 | ~1.9211% | ~$2,224,848 | +54.9% |
| 2030 | ~$136,682,891 | ~$127,391,341 | ~1.8443% | ~$2,349,427 | +72.8% |
In 2025, this property's market value of $79,100,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 152× 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 | $79,100,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $81,442,771 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $73,220,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $57,900,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $54,900,000 | $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.