1311 NORWALK LN TX 78703
| Owner | NORWALK PARTNERS LLC |
|---|---|
| Parcel ID | 0113060540 |
| Short ID | 112860 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 4,160 SF |
| Land SF | 9,450 SF |
| Acres | 0.217 |
| Year Built | 1951 |
| Legal | LOT 10A BLK 7 RESUB OF PT OF LT 10 WESTFIELD A |
| Neighborhood | XSMF1 |
| Land | $706,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $706,800 |
| Improvement | $273,683 |
|---|---|
| Total Improvement | $273,683 |
| Market | $980,483 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $980,483 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $980,483 |
| Taxable Value | $980,483 |
|---|
Appreciation: Market value has risen +22.6% from $800,000 (2021) to $980,483 (2025), a CAGR of 5.2% over 4 years. This represents moderate, steady growth. 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 +19.0%, 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 $20,065. 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 72% of market value ($706,800 land vs $273,683 improvements), about $75/SF of land. With value concentrated in the land under a ~75-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $980,483, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). 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 +6.5% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,498,940 by 2031, with an estimated annual tax burden around $28,236. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 2,110 SF | ✗ |
| 1ST | 1st Floor | 2,080 SF | ✓ |
| 2ND | 2nd Floor | 2,080 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 165 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 165 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
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.
| 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% | $9,071.43 | $9,071.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,137.90 | $5,137.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,685.10 | $3,685.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,157.20 | $1,157.20 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,013.82 | $1,013.82 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,065.45 | $20,065.45 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $9,071.43 | 45.2% |
| CAT City of Austin | 0.5240% | $5,137.90 | 25.6% |
| TCO Travis County | 0.3758% | $3,685.10 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,157.20 | 5.8% |
| ACT Austin Community College | 0.1034% | $1,013.82 | 5.1% |
| Total | 2.0465% | $20,065.45 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,095,058 | $980,483 | +11.7% |
| Assessed Value | $1,095,058 | $980,483 | +11.7% |
| Land Value | $706,800 | $706,800 | +0.0% |
| Improvement Value | $388,258 | $273,683 | +41.9% |
| Taxable Value | $1,095,058 | $980,483 | +11.7% |
| Total Tax 2026 = estimate |
~$22,410
Estimated
|
~$20,065
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,095,058 | $706,800 | $388,258 | — | $1,095,058 | $1,095,058 | Not yet — post-cert | Preliminary |
| 2025 | $980,483 | $706,800 | $273,683 | — | $980,483 | $980,483 | ~$20,065 | Partial |
| 2024 | $1,000,000 | $770,000 | $230,000 | — | $1,000,000 | $1,000,000 | $19,818 | Verified |
| 2023 | $950,000 | $1,100,000 | — | — | $950,000 | $950,000 | $17,188 | Verified |
| 2022 | $950,000 | $1,100,000 | — | — | $950,000 | $950,000 | $18,762 | Verified |
| 2021 | $800,000 | $495,000 | $305,000 | — | $800,000 | $800,000 | $17,413 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.7% | +11.7% | ~100% | Not available | Partial |
| 2025 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2024 | +5.3% | +5.3% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +18.8% | +18.8% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +11.7% | +6.8% | +6.5% | +18.8% | 2022 | -2.0% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 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 |
$20,065 | $18,649 | ~$25,812 | $20,065 | 2025 | $17,188 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,166,021 | ~$1,166,021 | ~2.0139% | ~$23,483 | +6.5% |
| 2028 | ~$1,241,584 | ~$1,241,584 | ~1.9814% | ~$24,601 | +13.4% |
| 2029 | ~$1,322,042 | ~$1,322,042 | ~1.9488% | ~$25,764 | +20.7% |
| 2030 | ~$1,407,715 | ~$1,407,715 | ~1.9163% | ~$26,976 | +28.6% |
| 2031 | ~$1,498,940 | ~$1,498,940 | ~1.8837% | ~$28,236 | +36.9% |
| 2027 | ~$1,144,120 | ~$1,144,120 | ~2.0465% | ~$23,414 | +4.5% |
| 2028 | ~$1,195,381 | ~$1,195,381 | ~2.0465% | ~$24,463 | +9.2% |
| 2029 | ~$1,248,938 | ~$1,248,938 | ~2.0465% | ~$25,559 | +14.1% |
| 2030 | ~$1,304,895 | ~$1,304,895 | ~2.0465% | ~$26,704 | +19.2% |
| 2031 | ~$1,363,358 | ~$1,363,358 | ~2.0465% | ~$27,901 | +24.5% |
| 2027 | ~$1,187,923 | ~$1,187,923 | ~1.9977% | ~$23,731 | +8.5% |
| 2028 | ~$1,288,663 | ~$1,288,663 | ~1.9488% | ~$25,114 | +17.7% |
| 2029 | ~$1,397,945 | ~$1,397,945 | ~1.9000% | ~$26,561 | +27.7% |
| 2030 | ~$1,516,496 | ~$1,516,496 | ~1.8512% | ~$28,073 | +38.5% |
| 2031 | ~$1,645,100 | ~$1,645,100 | ~1.8024% | ~$29,651 | +50.2% |
In 2025, this property's market value of $980,483 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +89% above the county median of $519,086. 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 | $980,483 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,000,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $950,000 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $950,000 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $800,000 | $353,349 | $436,046 | $657,886 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |