1200 BANISTER LN TX 78704
| Owner | FCA BANISTER AUSTIN PROPCO LLC |
|---|---|
| Parcel ID | 0407071003 |
| Short ID | 310127 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 5,096 SF |
| Land SF | 12,222 SF |
| Acres | 0.281 |
| Year Built | 1971 |
| Legal | LOT 1 BLK N SOUTHRIDGE SEC 2 |
| Neighborhood | 05SC1 |
| Land | $427,770 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $427,770 |
| Improvement | $658,934 |
|---|---|
| Total Improvement | $658,934 |
| Market | $1,086,704 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,086,704 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,086,704 |
| Taxable Value | $1,086,704 |
|---|
Appreciation: Market value has risen +42.2% from $764,400 (2021) to $1,086,704 (2025), a CAGR of 9.2% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $22,239. 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 39% of market value ($427,770 land vs $658,934 improvements), about $35/SF of land. Most value sits in the improvements, so building condition, age (~55 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,086,704, 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 $1,686,939 by 2030, with an estimated annual tax burden around $31,778. 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 | 4,500 SF | ✗ |
| 2ND | 2nd Floor | 2,564 SF | ✓ |
| 1ST | 1st Floor | 2,532 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,600 SF | ✗ |
| 611 | TERRACE | 490 SF | ✗ |
| 581C | STORAGE ATT COMM | 104 SF | ✓ |
| 511 | DECK | 76 SF | ✗ |
| SO | Sketch Only | 76 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $10,054.19 | $10,054.19 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,694.51 | $5,694.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,084.32 | $4,084.32 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,282.56 | $1,282.56 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,123.65 | $1,123.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,239.23 | $22,239.23 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,020,000 | $1,086,704 | -6.1% |
| Assessed Value | $1,020,000 | $1,086,704 | -6.1% |
| Land Value | $427,770 | $427,770 | +0.0% |
| Improvement Value | $592,230 | $658,934 | -10.1% |
| Taxable Value | $1,020,000 | $1,086,704 | -6.1% |
| Total Tax 2026 = estimate |
~$20,874
Estimated
|
~$22,239
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,020,000 | $1,020,000 | +0 (+0.0%) |
| Taxable Value | $1,020,000 | $1,020,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,020,000 | $427,770 | $592,230 | — | $1,020,000 | $1,020,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,086,704 | $427,770 | $658,934 | — | $1,086,704 | $1,086,704 | ~$22,239 | Partial |
| 2024 | $917,280 | — | — | −$489,510 | $427,770 | $— | $21,800 | Verified |
| 2023 | $840,840 | — | — | −$413,070 | $427,770 | $— | $16,596 | Verified |
| 2022 | $789,880 | — | — | −$362,110 | $427,770 | $— | $16,606 | Verified |
| 2021 | $764,400 | — | — | −$336,630 | $427,770 | $— | $17,193 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.1% | -6.1% | ~100% | Not available | Partial |
| 2025 | -1.2% | -1.2% | ~100% | Not available | Partial |
| 2024 | +19.9% | +19.9% | ~100% | 1.9800% | Verified |
| 2023 | +9.1% | +9.1% | ~100% | 1.8100% | Verified |
| 2022 | +6.5% | +6.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +37.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.1% | +6.3% | +10.6% | +18.5% | 2025 | -6.1% | 2026 |
| Assessment Ratio | 100.0% | 68.0% | — | 100.0% | 2025 | 46.6% | 2024 |
| 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 |
$22,239 | $18,887 | ~$27,705 | $22,239 | 2025 | $16,596 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,186,612 | ~$1,186,612 | ~2.0139% | ~$23,898 | +9.2% |
| 2027 | ~$1,295,706 | ~$1,295,706 | ~1.9814% | ~$25,673 | +19.2% |
| 2028 | ~$1,414,830 | ~$1,414,830 | ~1.9488% | ~$27,573 | +30.2% |
| 2029 | ~$1,544,905 | ~$1,544,905 | ~1.9163% | ~$29,605 | +42.2% |
| 2030 | ~$1,686,939 | ~$1,686,939 | ~1.8837% | ~$31,778 | +55.2% |
| 2026 | ~$1,164,878 | ~$1,164,878 | ~2.0465% | ~$23,839 | +7.2% |
| 2027 | ~$1,248,676 | ~$1,248,676 | ~2.0465% | ~$25,554 | +14.9% |
| 2028 | ~$1,338,503 | ~$1,338,503 | ~2.0465% | ~$27,392 | +23.2% |
| 2029 | ~$1,434,791 | ~$1,434,791 | ~2.0465% | ~$29,363 | +32.0% |
| 2030 | ~$1,538,006 | ~$1,538,006 | ~2.0465% | ~$31,475 | +41.5% |
| 2026 | ~$1,208,347 | ~$1,195,374 | ~1.9977% | ~$23,880 | +11.2% |
| 2027 | ~$1,343,605 | ~$1,314,912 | ~1.9488% | ~$25,626 | +23.6% |
| 2028 | ~$1,494,005 | ~$1,446,403 | ~1.9000% | ~$27,482 | +37.5% |
| 2029 | ~$1,661,239 | ~$1,591,043 | ~1.8512% | ~$29,453 | +52.9% |
| 2030 | ~$1,847,194 | ~$1,750,148 | ~1.8024% | ~$31,544 | +70.0% |
In 2025, this property's market value of $1,086,704 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +109% above 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 | $1,086,704 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $917,280 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $840,840 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $789,880 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $764,400 | $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.