10600 BREZZA LN TX 78748
| Owner | BELL FUND VI SOUTH AUSTIN LLC |
|---|---|
| Parcel ID | 0438110301 |
| Short ID | 879205 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 286,614 SF |
| Land SF | 688,466 SF |
| Acres | 15.805 |
| Year Built | 2017 |
| Legal | 15.805AC OF LOT 1 BLK A LIVE OAK AT SOUTH PARK MEADOWS |
| Neighborhood | 08SC3 |
| Land | $9,294,288 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $9,294,288 |
| Improvement | $56,585,712 |
|---|---|
| Total Improvement | $56,585,712 |
| Market | $65,880,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $65,880,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $65,880,000 |
| Taxable Value | $65,880,000 |
|---|
Appreciation: Market value has risen +18.5% from $55,607,500 (2021) to $65,880,000 (2025), a CAGR of 4.3% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $1,348,224. 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 14% of market value ($9,294,288 land vs $56,585,712 improvements), about $13/SF of land. Most value sits in the improvements, so building condition, age (~9 yrs), and rent roll drive the underwriting.
Submarket Position: At $65,880,000, 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 +4.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $81,428,956 by 2030, with an estimated annual tax burden around $1,533,912. 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 | 286,614 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% | $609,521.76 | $609,521.76 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $345,222.40 | $345,222.40 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $247,606.69 | $247,606.69 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $77,753.55 | $77,753.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $68,119.92 | $68,119.92 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,348,224.32 | $1,348,224.32 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $54,430,000 | $65,880,000 | -17.4% |
| Assessed Value | $54,430,000 | $65,880,000 | -17.4% |
| Land Value | $9,294,288 | $9,294,288 | +0.0% |
| Improvement Value | $45,135,712 | $56,585,712 | -20.2% |
| Taxable Value | $54,430,000 | $65,880,000 | -17.4% |
| Total Tax 2026 = estimate |
~$1,113,902
Estimated
|
~$1,348,224
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $59,340,683 | $54,430,000 | -4,910,683 (-8.3%) |
| Taxable Value | $59,340,683 | $54,430,000 | -4,910,683 (-8.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $54,430,000 | $9,294,288 | $45,135,712 | — | $54,430,000 | $54,430,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $65,880,000 | $9,294,288 | $56,585,712 | — | $65,880,000 | $65,880,000 | ~$1,348,224 | Partial |
| 2024 | $77,410,000 | — | — | −$68,115,712 | $9,294,288 | $— | $1,297,587 | Verified |
| 2023 | $66,904,981 | — | — | −$57,610,693 | $9,294,288 | $— | $1,234,046 | Verified |
| 2022 | $55,600,000 | — | — | −$54,050,952 | $1,549,048 | $— | $1,327,535 | Verified |
| 2021 | $55,607,500 | — | — | −$54,058,451 | $1,549,049 | $— | $1,212,550 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -9.9% | -9.9% | ~100% | Not available | Partial |
| 2025 | -4.9% | -4.9% | ~100% | Not available | Partial |
| 2024 | -13.0% | -13.0% | ~100% | 1.8700% | Verified |
| 2023 | +8.8% | +8.8% | ~100% | 1.5500% | Verified |
| 2022 | +26.6% | +26.6% | ~100% | 1.8100% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +14.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -17.4% | +0.7% | +8.7% | +20.3% | 2023 | -17.4% | 2026 |
| Assessment Ratio | 100.0% | 38.6% | — | 100.0% | 2025 | 2.8% | 2021 |
| 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 |
$1,348,224 | $1,283,989 | ~$1,458,511 | $1,348,224 | 2025 | $1,212,550 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$68,731,947 | ~$68,731,947 | ~2.0139% | ~$1,384,218 | +4.3% |
| 2027 | ~$71,707,355 | ~$71,707,355 | ~1.9814% | ~$1,420,801 | +8.8% |
| 2028 | ~$74,811,568 | ~$74,811,568 | ~1.9488% | ~$1,457,957 | +13.6% |
| 2029 | ~$78,050,162 | ~$78,050,162 | ~1.9163% | ~$1,495,668 | +18.5% |
| 2030 | ~$81,428,956 | ~$81,428,956 | ~1.8837% | ~$1,533,912 | +23.6% |
| 2026 | ~$67,414,347 | ~$67,414,347 | ~2.0465% | ~$1,379,624 | +2.3% |
| 2027 | ~$68,984,429 | ~$68,984,429 | ~2.0465% | ~$1,411,756 | +4.7% |
| 2028 | ~$70,591,078 | ~$70,591,078 | ~2.0465% | ~$1,444,636 | +7.2% |
| 2029 | ~$72,235,146 | ~$72,235,146 | ~2.0465% | ~$1,478,281 | +9.6% |
| 2030 | ~$73,917,504 | ~$73,917,504 | ~2.0465% | ~$1,512,711 | +12.2% |
| 2026 | ~$70,049,547 | ~$70,049,547 | ~1.9977% | ~$1,399,353 | +6.3% |
| 2027 | ~$74,482,984 | ~$74,482,984 | ~1.9488% | ~$1,451,554 | +13.1% |
| 2028 | ~$79,197,014 | ~$79,197,014 | ~1.9000% | ~$1,504,757 | +20.2% |
| 2029 | ~$84,209,395 | ~$84,209,395 | ~1.8512% | ~$1,558,879 | +27.8% |
| 2030 | ~$89,539,010 | ~$89,539,010 | ~1.8024% | ~$1,613,825 | +35.9% |
In 2025, this property's market value of $65,880,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 127× 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 | $65,880,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $77,410,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $66,904,981 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $55,600,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $55,607,500 | $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.