FOREMOST DR TX 78745
| Owner | OH FOREMOST LP |
|---|---|
| Parcel ID | 0428070201 |
| Short ID | 512902 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 249,600 SF |
| Land SF | 630,792 SF |
| Acres | 14.481 |
| Year Built | 2020 |
| Legal | LOT 2 FOREMOST LOT 2 CENTENNIAL PARK |
| Neighborhood | 08SC3 |
| Land | $10,723,470 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $10,723,470 |
| Improvement | $51,346,530 |
|---|---|
| Total Improvement | $51,346,530 |
| Market | $62,070,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $62,070,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $62,070,000 |
| Taxable Value | $62,070,000 |
|---|
Appreciation: Market value has risen +253.1% from $17,580,588 (2021) to $62,070,000 (2025), a CAGR of 37.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 $1,270,253. 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 17% of market value ($10,723,470 land vs $51,346,530 improvements), about $17/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $62,070,000, 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 +37.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $300,394,642 by 2030, with an estimated annual tax burden around $1,883,071. 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 | 249,600 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% | $550,679.04 | $550,679.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $311,894.92 | $311,894.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $223,702.94 | $223,702.94 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $70,247.29 | $70,247.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $61,543.68 | $61,543.68 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,218,067.87 | $1,218,067.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $53,170,000 | $62,070,000 | -14.3% |
| Assessed Value | $53,170,000 | $62,070,000 | -14.3% |
| Land Value | $10,723,470 | $10,723,470 | +0.0% |
| Improvement Value | $42,446,530 | $51,346,530 | -17.3% |
| Taxable Value | $53,170,000 | $62,070,000 | -14.3% |
| Total Tax 2026 = estimate |
~$1,088,116
Estimated
|
~$1,218,068
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $59,588,257 | $53,170,000 | -6,418,257 (-10.8%) |
| Taxable Value | $59,588,257 | $53,170,000 | -6,418,257 (-10.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $53,170,000 | $10,723,470 | $42,446,530 | — | $53,170,000 | $53,170,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $62,070,000 | $10,723,470 | $51,346,530 | — | $62,070,000 | $62,070,000 | ~$1,218,068 | Partial |
| 2024 | $69,500,000 | — | — | −$58,776,530 | $10,723,470 | $— | $1,221,308 | Verified |
| 2023 | $67,261,656 | — | — | −$56,538,186 | $10,723,470 | $— | $1,260,168 | Verified |
| 2022 | $44,900,000 | — | — | −$40,610,612 | $4,289,388 | $— | $1,328,366 | Verified |
| 2021 | $17,580,588 | — | — | −$13,291,200 | $4,289,388 | $— | $977,329 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.0% | -4.0% | ~100% | Not available | Partial |
| 2025 | -3.0% | -3.0% | ~100% | Not available | Partial |
| 2024 | -14.1% | -14.1% | ~100% | 1.9100% | Verified |
| 2023 | +10.7% | +10.7% | ~100% | 1.6900% | Verified |
| 2022 | +49.8% | +49.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 5.5600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.3% | +36.7% | +41.7% | +155.4% | 2022 | -14.3% | 2026 |
| Assessment Ratio | 100.0% | 44.2% | — | 100.0% | 2025 | 9.6% | 2022 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,218,068 | $1,201,048 | ~$1,619,548 | $1,328,366 | 2022 | $977,329 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$85,083,203 | ~$68,277,000 | ~2.0139% | ~$1,375,055 | +37.1% |
| 2027 | ~$116,628,830 | ~$75,104,700 | ~1.9814% | ~$1,488,116 | +87.9% |
| 2028 | ~$159,870,380 | ~$82,615,170 | ~1.9488% | ~$1,610,037 | +157.6% |
| 2029 | ~$219,144,257 | ~$90,876,687 | ~1.9163% | ~$1,741,462 | +253.1% |
| 2030 | ~$300,394,642 | ~$99,964,356 | ~1.8837% | ~$1,883,071 | +384.0% |
| 2026 | ~$83,841,803 | ~$68,277,000 | ~2.0465% | ~$1,397,279 | +35.1% |
| 2027 | ~$113,250,330 | ~$75,104,700 | ~2.0465% | ~$1,537,006 | +82.5% |
| 2028 | ~$152,974,253 | ~$82,615,170 | ~2.0465% | ~$1,690,707 | +146.5% |
| 2029 | ~$206,631,823 | ~$90,876,687 | ~2.0465% | ~$1,859,778 | +232.9% |
| 2030 | ~$279,110,435 | ~$99,964,356 | ~2.0465% | ~$2,045,756 | +349.7% |
| 2026 | ~$86,324,603 | ~$68,277,000 | ~1.9977% | ~$1,363,944 | +39.1% |
| 2027 | ~$120,056,986 | ~$75,104,700 | ~1.9488% | ~$1,463,670 | +93.4% |
| 2028 | ~$166,970,706 | ~$82,615,170 | ~1.9000% | ~$1,569,702 | +169.0% |
| 2029 | ~$232,216,529 | ~$90,876,687 | ~1.8512% | ~$1,682,304 | +274.1% |
| 2030 | ~$322,957,948 | ~$99,964,356 | ~1.8024% | ~$1,801,729 | +420.3% |
In 2025, this property's market value of $62,070,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 119× 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 | $62,070,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $69,500,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $67,261,656 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $44,900,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $17,580,588 | $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.