1113 BANISTER LN TX 78704
| Owner | TPI 94-3 LTD |
|---|---|
| Parcel ID | 0408080812 |
| Short ID | 311235 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 50,094 SF |
| Land SF | 103,760 SF |
| Acres | 2.382 |
| Year Built | 1983 |
| Legal | LOT 4 ONE PARK PLACE II |
| Neighborhood | 08SC1 |
| Land | $3,631,600 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $3,631,600 |
| Improvement | $7,984,605 |
|---|---|
| Total Improvement | $7,984,605 |
| Market | $11,616,205 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $11,616,205 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $11,616,205 |
| Taxable Value | $11,616,205 |
|---|
Appreciation: Market value has risen +39.8% from $8,311,463 (2021) to $11,616,205 (2025), a CAGR of 8.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $237,724. 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 31% of market value ($3,631,600 land vs $7,984,605 improvements), about $35/SF of land. Most value sits in the improvements, so building condition, age (~43 yrs), and rent roll drive the underwriting.
Submarket Position: At $11,616,205, 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 +8.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,652,156 by 2030, with an estimated annual tax burden around $332,521. 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.
24 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 84,864 SF | ✗ |
| 1ST | 1st Floor | 21,815 SF | ✓ |
| 2ND | 2nd Floor | 16,944 SF | ✓ |
| 3RD | 3rd Floor | 11,335 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 3,550 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 1,672 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 1,480 SF | ✗ |
| MISC | Miscellaneous | 6 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 282 | LIGHT POLES FV | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 349 | SPA FV | 1 SF | ✗ |
| 519 | DECK UNCOVRED FV | 1 SF | ✗ |
| 529 | FIREPLACE FV | 1 SF | ✓ |
| 539 | FENCE FV | 1 SF | ✗ |
| 559 | PAVED AREA FV | 1 SF | ✗ |
| 589 | STORAGE ATT FV | 1 SF | ✓ |
| 599 | MASONRY TRIM FV | 1 SF | ✗ |
| 609 | POOL FV | 1 SF | ✗ |
| 619 | TERRACE FV | 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% | $107,473.13 | $107,473.13 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $60,870.89 | $60,870.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $43,658.93 | $43,658.93 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $13,709.79 | $13,709.79 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $12,011.16 | $12,011.16 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $237,723.90 | $237,723.90 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $11,097,268 | $11,616,205 | -4.5% |
| Assessed Value | $11,097,268 | $11,616,205 | -4.5% |
| Land Value | $3,631,600 | $3,631,600 | +0.0% |
| Improvement Value | $7,465,668 | $7,984,605 | -6.5% |
| Taxable Value | $11,097,268 | $11,616,205 | -4.5% |
| Total Tax 2026 = estimate |
~$227,104
Estimated
|
~$237,724
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $11,097,268 | $11,097,268 | +0 (+0.0%) |
| Taxable Value | $11,097,268 | $11,097,268 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $11,097,268 | $3,631,600 | $7,465,668 | — | $11,097,268 | $11,097,268 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $11,616,205 | $3,631,600 | $7,984,605 | — | $11,616,205 | $11,616,205 | ~$237,724 | Partial |
| 2024 | $11,500,000 | — | — | −$7,868,400 | $3,631,600 | $— | $221,612 | Verified |
| 2023 | $8,803,550 | — | — | −$5,171,950 | $3,631,600 | $— | $208,063 | Verified |
| 2022 | $8,569,088 | — | — | −$4,937,488 | $3,631,600 | $— | $174,508 | Verified |
| 2021 | $8,311,463 | — | — | −$4,679,863 | $3,631,600 | $— | $172,928 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.5% | -4.5% | ~100% | Not available | Partial |
| 2025 | +3.9% | +3.9% | ~100% | Not available | Partial |
| 2024 | -4.8% | -4.8% | ~100% | 1.9800% | Verified |
| 2023 | +24.2% | +24.2% | ~100% | 1.7700% | Verified |
| 2022 | +10.4% | +10.4% | ~100% | 1.8500% | Verified |
| 2021 | base year | — | ~100% | 2.0800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +35.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -4.5% | +6.6% | +9.7% | +30.6% | 2024 | -4.5% | 2026 |
| Assessment Ratio | 100.0% | 59.8% | — | 100.0% | 2025 | 31.6% | 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 |
$237,724 | $202,967 | ~$292,217 | $237,724 | 2025 | $172,928 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$12,630,221 | ~$12,630,221 | ~2.0139% | ~$254,365 | +8.7% |
| 2027 | ~$13,732,755 | ~$13,732,755 | ~1.9814% | ~$272,099 | +18.2% |
| 2028 | ~$14,931,532 | ~$14,931,532 | ~1.9488% | ~$290,992 | +28.5% |
| 2029 | ~$16,234,954 | ~$16,234,954 | ~1.9163% | ~$311,109 | +39.8% |
| 2030 | ~$17,652,156 | ~$17,652,156 | ~1.8837% | ~$332,521 | +52.0% |
| 2026 | ~$12,397,897 | ~$12,397,897 | ~2.0465% | ~$253,721 | +6.7% |
| 2027 | ~$13,232,192 | ~$13,232,192 | ~2.0465% | ~$270,795 | +13.9% |
| 2028 | ~$14,122,630 | ~$14,122,630 | ~2.0465% | ~$289,018 | +21.6% |
| 2029 | ~$15,072,988 | ~$15,072,988 | ~2.0465% | ~$308,466 | +29.8% |
| 2030 | ~$16,087,298 | ~$16,087,298 | ~2.0465% | ~$329,224 | +38.5% |
| 2026 | ~$12,862,546 | ~$12,777,826 | ~1.9977% | ~$255,258 | +10.7% |
| 2027 | ~$14,242,610 | ~$14,055,608 | ~1.9488% | ~$273,921 | +22.6% |
| 2028 | ~$15,770,746 | ~$15,461,169 | ~1.9000% | ~$293,765 | +35.8% |
| 2029 | ~$17,462,841 | ~$17,007,286 | ~1.8512% | ~$314,838 | +50.3% |
| 2030 | ~$19,336,486 | ~$18,708,014 | ~1.8024% | ~$337,188 | +66.5% |
In 2025, this property's market value of $11,616,205 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 22× 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 | $11,616,205 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $11,500,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $8,803,550 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $8,569,088 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $8,311,463 | $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.