5515 REPUBLIC OF TEXAS BLVD TX 78735
| Owner | TR PRESERVE CORP |
|---|---|
| Parcel ID | 0407370404 |
| Short ID | 429818 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 581,562 SF |
| Land SF | 2,326,278 SF |
| Acres | 53.404 |
| Year Built | 1997 |
| Legal | LOT 1-2 BLK A PRESERVE AT TRAVIS CREEK SEC 1 THE |
| Neighborhood | 08SW1 |
| Land | $16,283,948 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $16,283,948 |
| Improvement | $125,816,052 |
|---|---|
| Total Improvement | $125,816,052 |
| Market | $142,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $142,100,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $142,100,000 |
| Taxable Value | $142,100,000 |
|---|
Appreciation: Market value has risen +26.3% from $112,496,895 (2021) to $142,100,000 (2025), a CAGR of 6.0% over 4 years. This represents moderate, steady growth. 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 lagged 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 $2,908,055. 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 11% of market value ($16,283,948 land vs $125,816,052 improvements), about $7/SF of land. Most value sits in the improvements, so building condition, age (~29 yrs), and rent roll drive the underwriting.
Submarket Position: At $142,100,000, 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 +6.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $190,287,827 by 2030, with an estimated annual tax burden around $3,584,533. 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.
28 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 581,562 SF | ✗ |
| SO | Sketch Only | 578,811 SF | ✗ |
| 591 | MASONRY TRIM SF | 440,000 SF | ✗ |
| 551 | PAVED AREA | 325,000 SF | ✗ |
| 2ND | 2nd Floor | 206,082 SF | ✓ |
| 3RD | 3rd Floor | 196,228 SF | ✓ |
| 1ST | 1st Floor | 179,252 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 68,181 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 68,181 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 67,981 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 35,558 SF | ✓ |
| 581C | STORAGE ATT COMM | 19,916 SF | ✓ |
| 611 | TERRACE | 11,792 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 11,340 SF | ✗ |
| 031C | GARAGE DET 1ST COMM | 6,762 SF | ✓ |
| 601 | POOL COMM'L | 3,085 SF | ✗ |
| MISC | Miscellaneous | 21 SF | ✓ |
| 482 | LIGHT POLES | 19 SF | ✓ |
| 133 | PLBG 5-FIXT SUP | 2 SF | ✓ |
| 143 | BATHTUB SUP | 2 SF | ✓ |
| 153 | COMMODE SUP | 2 SF | ✓ |
| 163 | LAVATORY SUP | 2 SF | ✓ |
| 183 | SINK SUP | 2 SF | ✓ |
| 193 | WATER HTR SUP | 2 SF | ✓ |
| 521 | FIREPLACE | 2 SF | ✓ |
| 549 | FENCE COMM FV | 2 SF | ✗ |
| 173 | SHOWER STALL SUP | 1 SF | ✓ |
| 223 | FOUNTAIN WTR SUP | 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% | $1,314,709.20 | $1,314,709.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $744,628.16 | $744,628.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $534,075.75 | $534,075.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $167,710.68 | $167,710.68 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $146,931.40 | $146,931.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,908,055.19 | $2,908,055.19 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $135,000,000 | $142,100,000 | -5.0% |
| Assessed Value | $135,000,000 | $142,100,000 | -5.0% |
| Land Value | $19,388,643 | $16,283,948 | +19.1% |
| Improvement Value | $115,611,357 | $125,816,052 | -8.1% |
| Taxable Value | $135,000,000 | $142,100,000 | -5.0% |
| Total Tax 2026 = estimate |
~$2,762,755
Estimated
|
~$2,908,055
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $143,025,581 | $135,000,000 | -8,025,581 (-5.6%) |
| Taxable Value | $143,025,581 | $135,000,000 | -8,025,581 (-5.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $135,000,000 | $19,388,643 | $115,611,357 | — | $135,000,000 | $135,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $142,100,000 | $16,283,948 | $125,816,052 | — | $142,100,000 | $142,100,000 | ~$2,908,055 | Partial |
| 2024 | $141,000,000 | — | — | −$124,716,052 | $16,283,948 | $— | $2,764,851 | Verified |
| 2023 | $134,551,926 | — | — | −$118,267,978 | $16,283,948 | $— | $2,564,284 | Verified |
| 2022 | $113,396,895 | — | — | −$97,112,947 | $16,283,948 | $— | $2,534,368 | Verified |
| 2021 | $112,496,895 | — | — | −$96,212,947 | $16,283,948 | $— | $2,472,691 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.7% | +0.7% | ~100% | Not available | Partial |
| 2025 | -4.6% | -4.6% | ~100% | Not available | Partial |
| 2024 | -6.2% | -6.2% | ~100% | 1.8600% | Verified |
| 2023 | +18.1% | +18.1% | ~100% | 1.6100% | Verified |
| 2022 | +14.4% | +14.4% | ~100% | 1.8800% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +20.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.0% | +4.0% | +7.1% | +18.7% | 2023 | -5.0% | 2026 |
| Assessment Ratio | 100.0% | 42.1% | — | 100.0% | 2025 | 11.5% | 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 |
$2,908,055 | $2,648,850 | ~$3,304,408 | $2,908,055 | 2025 | $2,472,691 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$150,645,951 | ~$150,645,951 | ~2.0139% | ~$3,033,914 | +6.0% |
| 2027 | ~$159,705,859 | ~$159,705,859 | ~1.9814% | ~$3,164,393 | +12.4% |
| 2028 | ~$169,310,633 | ~$169,310,633 | ~1.9488% | ~$3,299,592 | +19.1% |
| 2029 | ~$179,493,043 | ~$179,493,043 | ~1.9163% | ~$3,439,609 | +26.3% |
| 2030 | ~$190,287,827 | ~$190,287,827 | ~1.8837% | ~$3,584,533 | +33.9% |
| 2026 | ~$147,803,951 | ~$147,803,951 | ~2.0465% | ~$3,024,786 | +4.0% |
| 2027 | ~$153,736,861 | ~$153,736,861 | ~2.0465% | ~$3,146,202 | +8.2% |
| 2028 | ~$159,907,920 | ~$159,907,920 | ~2.0465% | ~$3,272,492 | +12.5% |
| 2029 | ~$166,326,688 | ~$166,326,688 | ~2.0465% | ~$3,403,851 | +17.0% |
| 2030 | ~$173,003,108 | ~$173,003,108 | ~2.0465% | ~$3,540,483 | +21.7% |
| 2026 | ~$153,487,951 | ~$153,487,951 | ~1.9977% | ~$3,066,171 | +8.0% |
| 2027 | ~$165,788,537 | ~$165,788,537 | ~1.9488% | ~$3,230,952 | +16.7% |
| 2028 | ~$179,074,897 | ~$179,074,897 | ~1.9000% | ~$3,402,453 | +26.0% |
| 2029 | ~$193,426,031 | ~$193,426,031 | ~1.8512% | ~$3,580,691 | +36.1% |
| 2030 | ~$208,927,271 | ~$208,927,271 | ~1.8024% | ~$3,765,645 | +47.0% |
In 2025, this property's market value of $142,100,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 273× 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 | $142,100,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $141,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $134,551,926 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $113,396,895 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $112,496,895 | $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.