12234 HEATHERLY DR 78747
| Owner | BES WATER OAK FUND XIV LLC ETAL |
|---|---|
| Parcel ID | 0447110104 |
| Short ID | 984888 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 249,155 SF |
| Land SF | 766,612 SF |
| Acres | 17.599 |
| Year Built | 2022 |
| Legal | THREE HILLS APARTMENTS FINAL PLAT BLK C LOT 1 |
| Neighborhood | SC3 |
| Land | $6,899,512 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,899,512 |
| Improvement | $44,150,488 |
|---|---|
| Total Improvement | $44,150,488 |
| Market | $51,050,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $51,050,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $51,050,000 |
| Taxable Value | $51,050,000 |
|---|
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 $1,044,731. 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 ($6,899,512 land vs $44,150,488 improvements), about $9/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
Submarket Position: At $51,050,000, 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.
No delinquent taxes on record.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 249,155 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% | $472,314.60 | $472,314.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $267,510.68 | $267,510.68 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $191,868.87 | $191,868.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $60,250.74 | $60,250.74 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $52,785.70 | $52,785.70 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,044,730.59 | $1,044,730.59 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $46,730,000 | $51,050,000 | -8.5% |
| Assessed Value | $46,730,000 | $51,050,000 | -8.5% |
| Land Value | $6,899,512 | $6,899,512 | +0.0% |
| Improvement Value | $39,830,488 | $44,150,488 | -9.8% |
| Taxable Value | $46,730,000 | $51,050,000 | -8.5% |
| Total Tax 2026 = estimate |
~$956,322
Estimated
|
~$1,044,731
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $48,772,034 | $46,730,000 | -2,042,034 (-4.2%) |
| Taxable Value | $48,772,034 | $46,730,000 | -2,042,034 (-4.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $46,730,000 | $6,899,512 | $39,830,488 | — | $46,730,000 | $46,730,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $51,050,000 | $6,899,512 | $44,150,488 | — | $51,050,000 | $51,050,000 | ~$1,044,731 | Partial |
| 2024 | $— | — | — | — | $6,899,512 | $— | $1,097,738 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.5% | -4.5% | ~100% | Not available | Partial |
| 2025 | -13.7% | -13.7% | ~100% | Not available | Partial |
| 2024 | base year | — | ~100% | 1.8600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -13.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -8.5% | -8.5% | — | -8.5% | 2026 | -8.5% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$1,044,731 | $1,044,731 | — | $1,044,731 | 2025 | $1,044,731 | 2025 |
In 2025, this property's market value of $51,050,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 98× 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 | $51,050,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | — | $467,458 | $564,615 | $848,565 | — | -6.3% |
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.