8004 W U S HY 290 TX 78737
| Owner | PALO VERDE LLC |
|---|---|
| Parcel ID | 0415470402 |
| Short ID | 859325 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 253,902 SF |
| Land SF | 1,228,610 SF |
| Acres | 28.205 |
| Year Built | — |
| Legal | LOT 2 BLK A WEST PARK AMDENDED |
| Neighborhood | 08SW1 |
| Land | $6,143,049 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,143,049 |
| Improvement | $55,976,951 |
|---|---|
| Total Improvement | $55,976,951 |
| Market | $62,120,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $62,120,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $62,120,000 |
| Taxable Value | $62,120,000 |
|---|
Appreciation: Market value has risen +20.8% from $51,430,000 (2021) to $62,120,000 (2025), a CAGR of 4.8% 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 $1,271,276. 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 10% of market value ($6,143,049 land vs $55,976,951 improvements), about $5/SF of land. Most value sits in the improvements, so building condition, age, and rent roll drive the underwriting.
Submarket Position: At $62,120,000, 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 +4.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $78,659,304 by 2030, with an estimated annual tax burden around $1,481,739. 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 | 253,902 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% | $557,433.00 | $557,433.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $315,720.24 | $315,720.24 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $226,446.61 | $226,446.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $71,108.86 | $71,108.86 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $62,298.50 | $62,298.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,233,007.21 | $1,233,007.21 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $57,000,000 | $62,120,000 | -8.2% |
| Assessed Value | $57,000,000 | $62,120,000 | -8.2% |
| Land Value | $6,143,049 | $6,143,049 | +0.0% |
| Improvement Value | $50,856,951 | $55,976,951 | -9.1% |
| Taxable Value | $57,000,000 | $62,120,000 | -8.2% |
| Total Tax 2026 = estimate |
~$1,166,496
Estimated
|
~$1,233,007
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $60,990,000 | $57,000,000 | -3,990,000 (-6.5%) |
| Taxable Value | $60,990,000 | $57,000,000 | -3,990,000 (-6.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $57,000,000 | $6,143,049 | $50,856,951 | — | $57,000,000 | $57,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $62,120,000 | $6,143,049 | $55,976,951 | — | $62,120,000 | $62,120,000 | ~$1,233,007 | Partial |
| 2024 | $72,000,000 | — | — | −$65,856,951 | $6,143,049 | $— | $1,293,728 | Verified |
| 2023 | $72,000,000 | — | — | −$65,856,951 | $6,143,049 | $— | $1,310,358 | Verified |
| 2022 | $56,270,000 | — | — | −$50,126,951 | $6,143,049 | $— | $1,365,658 | Verified |
| 2021 | $51,430,000 | — | — | −$45,286,951 | $6,143,049 | $— | $1,161,211 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.8% | -1.8% | ~100% | Not available | Partial |
| 2025 | -4.8% | -4.8% | ~100% | Not available | Partial |
| 2024 | -25.4% | -25.4% | ~100% | 1.9800% | Verified |
| 2023 | +21.5% | +21.5% | ~100% | 1.5000% | Verified |
| 2022 | +15.0% | +15.0% | ~100% | 1.9000% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -0.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.2% | +3.1% | +6.7% | +28.0% | 2023 | -13.7% | 2025 |
| Assessment Ratio | 100.0% | 40.0% | — | 100.0% | 2025 | 8.5% | 2023 |
| Effective Tax Rate (2025) | 1.9800% | 1.9800% | — | 1.9800% | 2025 | 1.9800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,233,007 | $1,272,792 | ~$1,395,730 | $1,365,658 | 2022 | $1,161,211 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$65,123,117 | ~$65,123,117 | ~2.0139% | ~$1,311,538 | +4.8% |
| 2027 | ~$68,271,416 | ~$68,271,416 | ~1.9814% | ~$1,352,722 | +9.9% |
| 2028 | ~$71,571,915 | ~$71,571,915 | ~1.9488% | ~$1,394,822 | +15.2% |
| 2029 | ~$75,031,974 | ~$75,031,974 | ~1.9163% | ~$1,437,831 | +20.8% |
| 2030 | ~$78,659,304 | ~$78,659,304 | ~1.8837% | ~$1,481,739 | +26.6% |
| 2026 | ~$63,880,717 | ~$63,880,717 | ~2.0465% | ~$1,307,309 | +2.8% |
| 2027 | ~$65,691,339 | ~$65,691,339 | ~2.0465% | ~$1,344,363 | +5.7% |
| 2028 | ~$67,553,281 | ~$67,553,281 | ~2.0465% | ~$1,382,468 | +8.7% |
| 2029 | ~$69,467,998 | ~$69,467,998 | ~2.0465% | ~$1,421,652 | +11.8% |
| 2030 | ~$71,436,985 | ~$71,436,985 | ~2.0465% | ~$1,461,947 | +15.0% |
| 2026 | ~$66,365,517 | ~$66,365,517 | ~1.9977% | ~$1,325,759 | +6.8% |
| 2027 | ~$70,901,188 | ~$70,901,188 | ~1.9488% | ~$1,381,750 | +14.1% |
| 2028 | ~$75,746,845 | ~$75,746,845 | ~1.9000% | ~$1,439,203 | +21.9% |
| 2029 | ~$80,923,672 | ~$80,923,672 | ~1.8512% | ~$1,498,054 | +30.3% |
| 2030 | ~$86,454,303 | ~$86,454,303 | ~1.8024% | ~$1,558,228 | +39.2% |
In 2025, this property's market value of $62,120,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 120× 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 | $62,120,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $72,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $72,000,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $56,270,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $51,430,000 | $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.