1221 NEW MEISTER LN TX 78660
| Owner | SREIT EMERSON PFLUGERVILLE LLC |
|---|---|
| Parcel ID | 0286360125 |
| Short ID | 832098 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 361,440 SF |
| Land SF | 842,842 SF |
| Acres | 19.349 |
| Year Built | 2017 |
| Legal | LOT 1 BLK A SPRINGBROOK APARTMENTS PHS 2 |
| Neighborhood | 08NE2 |
| Land | $5,057,055 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,057,055 |
| Improvement | $75,882,945 |
|---|---|
| Total Improvement | $75,882,945 |
| Market | $80,940,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $80,940,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $80,940,000 |
| Taxable Value | $80,940,000 |
|---|
Appreciation: Market value has risen +43.0% from $56,620,000 (2021) to $80,940,000 (2025), a CAGR of 9.3% 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 $1,803,775. 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 6% of market value ($5,057,055 land vs $75,882,945 improvements), about $6/SF of land. Most value sits in the improvements, so building condition, age (~9 yrs), and rent roll drive the underwriting.
Submarket Position: At $80,940,000, 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 +9.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $126,518,743 by 2030, with an estimated annual tax burden around $2,495,393. 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 | 361,440 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% | $895,924.86 | $895,924.86 | Paid |
| CPF City of Pflugerville | 0.4863% | 0.4813% | 0.5362% | 0.5428% | 0.5350% | -0.0078% | $433,029.00 | $433,029.00 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $304,208.94 | $304,208.94 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $95,527.82 | $95,527.82 | Paid |
| E02 Travis County ESD # 02 | 0.0900% | 0.0800% | 0.0773% | 0.0939% | 0.0928% | -0.0011% | $75,083.99 | $75,083.99 | Paid |
| Combined Rate | 2.4335% | 2.2428% | 2.1280% | 2.1960% | 2.2285% | +0.0325% | $1,803,774.61 | $1,803,774.61 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $70,970,000 | $80,940,000 | -12.3% |
| Assessed Value | $70,970,000 | $80,940,000 | -12.3% |
| Land Value | $5,057,055 | $5,057,055 | +0.0% |
| Improvement Value | $65,912,945 | $75,882,945 | -13.1% |
| Taxable Value | $70,970,000 | $80,940,000 | -12.3% |
| Total Tax 2026 = estimate |
~$1,581,590
Estimated
|
~$1,803,775
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $70,970,000 | $70,970,000 | +0 (+0.0%) |
| Taxable Value | $70,970,000 | $70,970,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $70,970,000 | $5,057,055 | $65,912,945 | — | $70,970,000 | $70,970,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $80,940,000 | $5,057,055 | $75,882,945 | — | $80,940,000 | $80,940,000 | ~$1,803,775 | Partial |
| 2024 | $92,880,000 | — | — | −$87,822,945 | $5,057,055 | $— | $1,815,884 | Verified |
| 2023 | $77,250,000 | — | — | −$72,192,945 | $5,057,055 | $— | $1,976,530 | Verified |
| 2022 | $59,200,000 | — | — | −$54,142,945 | $5,057,055 | $— | $1,735,971 | Verified |
| 2021 | $56,620,000 | — | — | −$54,512,894 | $2,107,106 | $— | $1,440,620 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.3% | -12.3% | ~100% | Not available | Partial |
| 2025 | -2.1% | -2.1% | ~100% | Not available | Partial |
| 2024 | -11.0% | -11.0% | ~100% | 2.2000% | Verified |
| 2023 | +14.0% | +14.0% | ~100% | 2.1300% | Verified |
| 2022 | +37.6% | +37.6% | ~100% | 2.1300% | Verified |
| 2021 | base year | — | ~100% | 2.5400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +36.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.3% | +6.0% | +12.4% | +30.5% | 2023 | -12.9% | 2025 |
| Assessment Ratio | 100.0% | 37.4% | — | 100.0% | 2025 | 3.7% | 2021 |
| 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 |
$1,803,775 | $1,754,556 | ~$2,203,361 | $1,976,530 | 2023 | $1,440,620 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$88,503,722 | ~$88,503,722 | ~2.1773% | ~$1,926,988 | +9.3% |
| 2027 | ~$96,774,262 | ~$96,774,262 | ~2.1261% | ~$2,057,479 | +19.6% |
| 2028 | ~$105,817,672 | ~$105,817,672 | ~2.0748% | ~$2,195,530 | +30.7% |
| 2029 | ~$115,706,174 | ~$115,706,174 | ~2.0236% | ~$2,341,415 | +43.0% |
| 2030 | ~$126,518,743 | ~$126,518,743 | ~1.9724% | ~$2,495,393 | +56.3% |
| 2026 | ~$86,884,922 | ~$86,884,922 | ~2.2285% | ~$1,936,259 | +7.3% |
| 2027 | ~$93,266,489 | ~$93,266,489 | ~2.2285% | ~$2,078,474 | +15.2% |
| 2028 | ~$100,116,773 | ~$100,116,773 | ~2.2285% | ~$2,231,135 | +23.7% |
| 2029 | ~$107,470,200 | ~$107,470,200 | ~2.2285% | ~$2,395,009 | +32.8% |
| 2030 | ~$115,363,725 | ~$115,363,725 | ~2.2285% | ~$2,570,919 | +42.5% |
| 2026 | ~$90,122,522 | ~$89,034,000 | ~2.1517% | ~$1,915,725 | +11.3% |
| 2027 | ~$100,346,787 | ~$97,937,400 | ~2.0748% | ~$2,032,028 | +24.0% |
| 2028 | ~$111,730,979 | ~$107,731,140 | ~1.9980% | ~$2,152,435 | +38.0% |
| 2029 | ~$124,406,692 | ~$118,504,254 | ~1.9211% | ~$2,276,602 | +53.7% |
| 2030 | ~$138,520,444 | ~$130,354,679 | ~1.8443% | ~$2,404,078 | +71.1% |
In 2025, this property's market value of $80,940,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 156× 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 | $80,940,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $92,880,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $77,250,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $59,200,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $56,620,000 | $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.