1516 BURTON DR TX 78741
| Owner | MIA RIVERSIDE LP |
|---|---|
| Parcel ID | 0304070701 |
| Short ID | 285478 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 402,658 SF |
| Land SF | 882,605 SF |
| Acres | 20.262 |
| Year Built | 1970 |
| Legal | LOT 8 BLK A SEC 3 & LOT 1 BLK A SEC 4 & LOT 9 & PT OF LOT 10 BLK A COLORADO HILLS ESTATES SEC 5 1B & 2B OF BURTON TERRACE SEC 1 |
| Neighborhood | 08SE |
| Land | $39,717,225 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $39,717,225 |
| Improvement | $29,876,775 |
|---|---|
| Total Improvement | $29,876,775 |
| Market | $69,594,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $69,594,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $69,594,000 |
| Taxable Value | $69,594,000 |
|---|
Appreciation: Market value has risen +45.1% from $47,970,000 (2021) to $69,594,000 (2025), a CAGR of 9.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $1,424,231. 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 57% of market value ($39,717,225 land vs $29,876,775 improvements), about $45/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $69,594,000, 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 +9.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $110,808,838 by 2030, with an estimated annual tax burden around $2,087,353. 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.
31 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 663,029 SF | ✗ |
| 551 | PAVED AREA | 235,947 SF | ✗ |
| 1ST | 1st Floor | 170,151 SF | ✓ |
| 2ND | 2nd Floor | 143,112 SF | ✓ |
| 591 | MASONRY TRIM SF | 130,480 SF | ✗ |
| 3RD | 3rd Floor | 89,395 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 14,429 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 13,006 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 10,170 SF | ✗ |
| 611 | TERRACE | 8,720 SF | ✗ |
| 601 | POOL COMM'L | 6,576 SF | ✗ |
| 581C | STORAGE ATT COMM | 3,939 SF | ✓ |
| 505 | BALCONY | 3,132 SF | ✓ |
| 571C | STORAGE DET COMM | 2,396 SF | ✓ |
| 511 | DECK | 1,732 SF | ✗ |
| 501 | CANOPY | 1,024 SF | ✗ |
| 541 | FENCE COMM LF | 750 SF | ✗ |
| MISC | Miscellaneous | 45 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 4 SF | ✓ |
| 152 | COMMODE AVG | 4 SF | ✓ |
| 162 | LAVATORY AVG | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 4 SF | ✓ |
| 172 | SHOWER STALL AVG | 3 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 3 SF | ✓ |
| 521 | FIREPLACE | 3 SF | ✓ |
| 549 | FENCE COMM FV | 1 SF | ✗ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 182 | SINK AVG | 1 SF | ✓ |
| 539 | FENCE FV | 1 SF | ✗ |
| 192 | WATER HTR AVG | 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% | $643,883.69 | $643,883.69 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $364,684.39 | $364,684.39 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $261,565.57 | $261,565.57 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $82,136.93 | $82,136.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $71,960.20 | $71,960.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,424,230.78 | $1,424,230.78 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $69,160,000 | $69,594,000 | -0.6% |
| Assessed Value | $69,160,000 | $69,594,000 | -0.6% |
| Land Value | $39,717,225 | $39,717,225 | +0.0% |
| Improvement Value | $29,442,775 | $29,876,775 | -1.5% |
| Taxable Value | $69,160,000 | $69,594,000 | -0.6% |
| Total Tax 2026 = estimate |
~$1,415,349
Estimated
|
~$1,424,231
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $69,371,972 | $69,160,000 | -211,972 (-0.3%) |
| Taxable Value | $69,371,972 | $69,160,000 | -211,972 (-0.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $69,160,000 | $39,717,225 | $29,442,775 | — | $69,160,000 | $69,160,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $69,594,000 | $39,717,225 | $29,876,775 | — | $69,594,000 | $69,594,000 | ~$1,424,231 | Partial |
| 2024 | $74,020,000 | — | — | −$34,302,775 | $39,717,225 | $— | $864,511 | Verified |
| 2023 | $65,430,000 | — | — | −$47,777,900 | $17,652,100 | $— | $1,159,997 | Verified |
| 2022 | $64,700,000 | — | — | −$47,047,900 | $17,652,100 | $— | $1,292,192 | Verified |
| 2021 | $47,970,000 | — | — | −$30,317,900 | $17,652,100 | $— | $1,371,018 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -0.3% | -0.3% | ~100% | Not available | Partial |
| 2025 | -3.0% | -3.0% | ~100% | Not available | Partial |
| 2024 | -8.3% | -8.3% | ~100% | 1.2000% | Verified |
| 2023 | +19.6% | +19.6% | ~100% | 1.4800% | Verified |
| 2022 | +1.1% | +1.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.8600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +7.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -0.6% | +8.5% | +9.9% | +34.9% | 2022 | -6.0% | 2025 |
| Assessment Ratio | 100.0% | 57.5% | — | 100.0% | 2025 | 27.0% | 2023 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,424,231 | $1,222,390 | ~$1,802,828 | $1,424,231 | 2025 | $864,511 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$76,378,710 | ~$76,378,710 | ~2.0139% | ~$1,538,219 | +9.7% |
| 2027 | ~$83,824,860 | ~$83,824,860 | ~1.9814% | ~$1,660,896 | +20.4% |
| 2028 | ~$91,996,935 | ~$91,996,935 | ~1.9488% | ~$1,792,873 | +32.2% |
| 2029 | ~$100,965,704 | ~$100,965,704 | ~1.9163% | ~$1,934,797 | +45.1% |
| 2030 | ~$110,808,838 | ~$110,808,838 | ~1.8837% | ~$2,087,353 | +59.2% |
| 2026 | ~$74,986,830 | ~$74,986,830 | ~2.0465% | ~$1,534,594 | +7.7% |
| 2027 | ~$80,797,550 | ~$80,797,550 | ~2.0465% | ~$1,653,510 | +16.1% |
| 2028 | ~$87,058,541 | ~$87,058,541 | ~2.0465% | ~$1,781,640 | +25.1% |
| 2029 | ~$93,804,696 | ~$93,804,696 | ~2.0465% | ~$1,919,699 | +34.8% |
| 2030 | ~$101,073,610 | ~$101,073,610 | ~2.0465% | ~$2,068,456 | +45.2% |
| 2026 | ~$77,770,590 | ~$76,553,400 | ~1.9977% | ~$1,529,278 | +11.7% |
| 2027 | ~$86,907,846 | ~$84,208,740 | ~1.9488% | ~$1,641,093 | +24.9% |
| 2028 | ~$97,118,638 | ~$92,629,614 | ~1.9000% | ~$1,759,978 | +39.6% |
| 2029 | ~$108,529,094 | ~$101,892,575 | ~1.8512% | ~$1,886,229 | +55.9% |
| 2030 | ~$121,280,163 | ~$112,081,833 | ~1.8024% | ~$2,020,131 | +74.3% |
In 2025, this property's market value of $69,594,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 134× 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 | $69,594,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $74,020,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $65,430,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $64,700,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $47,970,000 | $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.