1106 W DITTMAR RD AUSTIN, TX 78745
| Owner | NEURO INSTITUTE OF AUSTIN L P |
|---|---|
| Parcel ID | 0424151601 |
| Short ID | 575643 |
| Type | Real |
| Use Code | 88 Treatment / Rehab Center |
| Valuation | Cost |
| Improvement SF | 132,008 SF |
| Land SF | 2,935,291 SF |
| Acres | 67.385 |
| Year Built | 1985 |
| Legal | ABS 6 SUR 19 CANNON W ACR 67.385 |
| Neighborhood | 96ALL |
| Land | $7,044,697 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,044,697 |
| Improvement | $11,655,303 |
|---|---|
| Total Improvement | $11,655,303 |
| Market | $18,700,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $18,700,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $18,700,000 |
| Taxable Value | $18,700,000 |
|---|
Appreciation: Market value has risen +73.3% from $10,788,010 (2021) to $18,700,000 (2025), a CAGR of 14.7% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 $382,693. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 38% of market value ($7,044,697 land vs $11,655,303 improvements), about $2/SF of land. Most value sits in the improvements, so building condition, age (~41 yrs), and rent roll drive the underwriting.
Submarket Position: At $18,700,000, 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 +14.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $37,193,491 by 2030, with an estimated annual tax burden around $567,318. 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.
21 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 133,693 SF | ✗ |
| 1ST | 1st Floor | 132,008 SF | ✓ |
| 438 | STREETS PRIVATE | 80,000 SF | ✗ |
| 491 | SPRINKLER HEADS | 73,376 SF | ✗ |
| 093 | HVAC COMMRCL SF | 31,414 SF | ✗ |
| 501 | CANOPY | 19,828 SF | ✗ |
| 611 | TERRACE | 8,324 SF | ✗ |
| MISC | Miscellaneous | 5,320 SF | ✓ |
| 327 | STORAGE COMM'L | 2,650 SF | ✓ |
| 601 | POOL COMM'L | 2,504 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 2,432 SF | ✗ |
| 511 | DECK | 2,069 SF | ✗ |
| 881 | COMMCL FINISHOUT | 1,456 SF | ✓ |
| 512C | DECK UNCOVRED COMM | 1,146 SF | ✗ |
| 095 | HVAC RESIDENTIAL | 1,000 SF | ✗ |
| 288 | SHED SF | 795 SF | ✓ |
| 541 | FENCE COMM LF | 750 SF | ✗ |
| 435 | FENCE IRON LF | 191 SF | ✗ |
| 482 | LIGHT POLES | 32 SF | ✓ |
| 251 | BATHROOM | 11 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
Market value changed by 120% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $120,276.00 | $120,276.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $68,122.21 | $68,122.21 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $48,859.85 | $48,859.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15,342.99 | $15,342.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,442.00 | $13,442.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $266,043.05 | $266,043.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $13,000,000 | $18,700,000 | -30.5% |
| Assessed Value | $13,000,000 | $18,700,000 | -30.5% |
| Land Value | $7,044,697 | $7,044,697 | +0.0% |
| Improvement Value | $5,955,303 | $11,655,303 | -48.9% |
| Taxable Value | $13,000,000 | $18,700,000 | -30.5% |
| Total Tax 2026 = estimate |
~$266,043
Estimated
|
~$266,043
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $29,198,248 | $13,000,000 | -16,198,248 (-55.5%) |
| Taxable Value | $29,198,248 | $13,000,000 | -16,198,248 (-55.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $13,000,000 | $7,044,697 | $5,955,303 | — | $13,000,000 | $13,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $18,700,000 | $7,044,697 | $11,655,303 | — | $18,700,000 | $18,700,000 | ~$266,043 | Partial |
| 2024 | $10,611,000 | — | — | — | — | $— | $210,370 | Verified |
| 2023 | $10,611,000 | — | — | — | — | $— | $191,979 | Verified |
| 2022 | $10,784,000 | — | — | — | — | $— | $209,559 | Verified |
| 2021 | $10,788,010 | — | — | −$3,743,313 | $7,044,697 | $— | $234,733 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +56.1% | +56.1% | ~100% | Not available | Partial |
| 2025 | +76.2% ! | +76.2% | ~100% | Not available | Partial |
| 2024 | -54.5% | -54.5% | ~100% | 1.9800% | Verified |
| 2023 | +119.9% ! | +119.9% | ~100% | 0.8200% | Verified |
| 2022 | -1.6% | -1.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +73.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -30.5% | +8.8% | +24.8% | +76.2% | 2025 | -30.5% | 2026 |
| Assessment Ratio | 100.0% | 88.4% | — | 100.0% | 2025 | 65.3% | 2021 |
| Effective Tax Rate (2025) | 1.4200% | 1.4200% | — | 1.4200% | 2025 | 1.4200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$266,043 | $222,537 | ~$487,926 | $266,043 | 2025 | $191,979 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$21,456,885 | ~$20,570,000 | ~2.0139% | ~$414,267 | +14.7% |
| 2027 | ~$24,620,209 | ~$22,627,000 | ~1.9814% | ~$448,329 | +31.7% |
| 2028 | ~$28,249,893 | ~$24,889,700 | ~1.9488% | ~$485,060 | +51.1% |
| 2029 | ~$32,414,690 | ~$27,378,670 | ~1.9163% | ~$524,655 | +73.3% |
| 2030 | ~$37,193,491 | ~$30,116,537 | ~1.8837% | ~$567,318 | +98.9% |
| 2026 | ~$21,082,885 | ~$20,570,000 | ~2.0465% | ~$420,962 | +12.7% |
| 2027 | ~$23,769,414 | ~$22,627,000 | ~2.0465% | ~$463,058 | +27.1% |
| 2028 | ~$26,798,279 | ~$24,889,700 | ~2.0465% | ~$509,364 | +43.3% |
| 2029 | ~$30,213,103 | ~$27,378,670 | ~2.0465% | ~$560,300 | +61.6% |
| 2030 | ~$34,063,069 | ~$30,116,537 | ~2.0465% | ~$616,330 | +82.2% |
| 2026 | ~$21,830,885 | ~$20,570,000 | ~1.9977% | ~$410,919 | +16.7% |
| 2027 | ~$25,485,965 | ~$22,627,000 | ~1.9488% | ~$440,964 | +36.3% |
| 2028 | ~$29,753,003 | ~$24,889,700 | ~1.9000% | ~$472,908 | +59.1% |
| 2029 | ~$34,734,460 | ~$27,378,670 | ~1.8512% | ~$506,832 | +85.7% |
| 2030 | ~$40,549,946 | ~$30,116,537 | ~1.8024% | ~$542,812 | +116.8% |
In 2025, this property's market value of $18,700,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 36× 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 | $18,700,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $10,611,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $10,611,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $10,784,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $10,788,010 | $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.