1300 NORWALK LN TX 78703
| Owner | WEATHERFORD LAURA S & ALICE F & |
|---|---|
| Parcel ID | 0113060809 |
| Short ID | 112976 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 2,916 SF |
| Land SF | 14,003 SF |
| Acres | 0.321 |
| Year Built | 1949 |
| Legal | LOT 1A BLK 8 RESUB PT OF LT 1 & 2 WESTFIELD A |
| Neighborhood | 05CEN |
| Land | $1,260,270 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,260,270 |
| Improvement | $36,632 |
|---|---|
| Total Improvement | $36,632 |
| Market | $1,296,902 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,296,902 |
| Value Limitation Adjustment (−) (homestead cap) | −$7,583 |
| Net Appraised (assessed) | $1,289,319 |
| Exemptions on file | HS,OV65 |
|---|---|
| Taxable Value | $1,289,319 |
Appreciation: Market value has risen +44.1% from $900,000 (2021) to $1,296,902 (2025), a CAGR of 9.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $26,386. Austin ISD is the largest single contributor, at 44.8% of the total 2025 levy.
Assessment Gap: Assessed value ($1,289,319) is $7,583 below market value, suggesting potential for an upward assessment in future years.
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 97% of market value ($1,260,270 land vs $36,632 improvements), about $90/SF of land. With value concentrated in the land under a ~77-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 $1,296,902, 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 +7.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,872,276 by 2031, with an estimated annual tax burden around $35,269. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 1,926 SF | ✓ |
| 1ST | 1st Floor | 990 SF | ✓ |
| 061C | CARPORT ATT 1ST COMM | 936 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 184 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 559 | PAVED AREA FV | 1 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% | $9,994.10 | $9,994.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,660.48 | $5,660.48 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,150.37 | $4,150.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,274.90 | $1,274.90 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,208.46 | $1,208.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,288.31 | $22,288.31 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $9,994.10 | 44.8% |
| CAT City of Austin | 0.5240% | $5,660.48 | 25.4% |
| TCO Travis County | 0.3758% | $4,150.37 | 18.6% |
| THD Travis Central Health | 0.1180% | $1,274.90 | 5.7% |
| ACT Austin Community College | 0.1034% | $1,208.46 | 5.4% |
| Total | 2.0465% | $22,288.31 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,298,094 | $1,296,902 | +0.1% |
| Assessed Value | $1,298,094 | $1,289,319 | +0.7% |
| Land Value | $1,260,270 | $1,260,270 | +0.0% |
| Improvement Value | $37,824 | $36,632 | +3.3% |
| Taxable Value | $1,298,094 | $1,289,319 | +0.7% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$26,565
Estimated
|
~$22,288
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,298,094 | $1,260,270 | $37,824 | — | $1,298,094 | $1,298,094 | Not yet — post-cert | Preliminary |
| 2025 | $1,296,902 | $1,260,270 | $36,632 | −$7,583 | $1,289,319 | $1,289,319 | ~$22,288 | Partial |
| 2024 | $1,331,408 | $1,260,270 | $71,138 | −$32,459 | $1,298,949 | $1,124,529 | $22,645 | Verified |
| 2023 | $1,332,651 | $1,260,270 | $72,381 | −$49,952 | $1,282,699 | $1,124,136 | $20,618 | Verified |
| 2022 | $939,727 | $882,189 | $57,538 | — | $939,727 | $871,643 | $16,475 | Verified |
| 2021 | $900,000 | $882,189 | $17,811 | — | $900,000 | $836,610 | $18,649 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.7% | ~100% | Not available | Partial |
| 2025 | -2.6% | -0.7% | 99.4% | Not available | Partial |
| 2024 | -0.1% | +1.3% | 97.6% | No billing data | Verified |
| 2023 | +41.8% | +36.5% | 96.2% | No billing data | Verified |
| 2022 | +4.4% | +4.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +44.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +8.7% | +7.6% | +41.8% | 2023 | -2.6% | 2025 |
| Assessment Ratio | 100.0% | 98.9% | — | 100.0% | 2021 | 96.3% | 2023 |
| Effective Tax Rate (2025) | 1.7200% | 1.7200% | — | 1.7200% | 2025 | 1.7200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$22,288 | $20,135 | ~$31,607 | $22,645 | 2024 | $16,475 | 2022 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,396,751 | ~$1,396,751 | ~2.0139% | ~$28,130 | +7.6% |
| 2028 | ~$1,502,905 | ~$1,502,905 | ~1.9814% | ~$29,778 | +15.8% |
| 2029 | ~$1,617,128 | ~$1,617,128 | ~1.9488% | ~$31,515 | +24.6% |
| 2030 | ~$1,740,031 | ~$1,740,031 | ~1.9163% | ~$33,344 | +34.0% |
| 2031 | ~$1,872,276 | ~$1,872,276 | ~1.8837% | ~$35,269 | +44.2% |
| 2027 | ~$1,370,789 | ~$1,370,789 | ~2.0465% | ~$28,053 | +5.6% |
| 2028 | ~$1,447,554 | ~$1,447,554 | ~2.0465% | ~$29,624 | +11.5% |
| 2029 | ~$1,528,619 | ~$1,528,619 | ~2.0465% | ~$31,283 | +17.8% |
| 2030 | ~$1,614,224 | ~$1,614,224 | ~2.0465% | ~$33,035 | +24.4% |
| 2031 | ~$1,704,622 | ~$1,704,622 | ~2.0465% | ~$34,885 | +31.3% |
| 2027 | ~$1,422,712 | ~$1,422,712 | ~1.9977% | ~$28,421 | +9.6% |
| 2028 | ~$1,559,294 | ~$1,559,294 | ~1.9488% | ~$30,388 | +20.1% |
| 2029 | ~$1,708,989 | ~$1,708,989 | ~1.9000% | ~$32,471 | +31.7% |
| 2030 | ~$1,873,053 | ~$1,873,053 | ~1.8512% | ~$34,674 | +44.3% |
| 2031 | ~$2,052,869 | ~$2,052,869 | ~1.8024% | ~$37,000 | +58.1% |
In 2025, this property's market value of $1,296,902 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +150% 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 | $1,296,902 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,331,408 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,332,651 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $939,727 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $900,000 | $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 | — |