1951 WESTLAKE DR TX 78746
| Owner | EMERALD APARTMENT LIMITED |
|---|---|
| Parcel ID | 0117110237 |
| Short ID | 117320 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 4,864 SF |
| Land SF | 10,703 SF |
| Acres | 0.246 |
| Year Built | 1980 |
| Legal | LOT 2 EMERALD BAY |
| Neighborhood | M5705 |
| Land | $1,060,548 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,060,548 |
| Improvement | $163,006 |
|---|---|
| Total Improvement | $163,006 |
| Market | $1,223,554 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,223,554 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,223,554 |
| Taxable Value | $1,223,554 |
|---|
Appreciation: Market value has risen +29.7% from $943,700 (2021) to $1,223,554 (2025), a CAGR of 6.7% 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 4 taxing entities is 1.4019% in 2025 (-0.0070% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $17,153. Eanes ISD is the largest single contributor, at 59.4% 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 87% of market value ($1,060,548 land vs $163,006 improvements), about $99/SF of land. With value concentrated in the land under a ~46-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 $1,223,554, 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 +3.8% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,371,634 by 2031, with an estimated annual tax burden around $15,648. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,864 SF | ✗ |
| 2ND | 2nd Floor | 2,448 SF | ✓ |
| 1ST | 1st Floor | 2,416 SF | ✓ |
| 581 | STORAGE ATT | 1,200 SF | ✓ |
| 512 | DECK UNCOVRED | 960 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 32 SF | ✗ |
| 251 | BATHROOM | 6 SF | ✓ |
| 522 | FIREPLACE | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IEA Eanes ISD | 1.0608% | 1.0046% | 0.8880% | 0.8855% | 0.8322% | -0.0533% | $10,182.42 | $10,182.42 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,598.67 | $4,598.67 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,444.08 | $1,444.08 | Paid |
| E09 Travis County ESD # 09 | 0.0807% | 0.0726% | 0.0735% | 0.0710% | 0.0758% | +0.0048% | $927.45 | $927.45 | Paid |
| Combined Rate | 1.6107% | 1.4941% | 1.3668% | 1.4089% | 1.4019% | -0.0070% | $17,152.62 | $17,152.62 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IEA Eanes ISD | 0.8322% | $10,182.42 | 59.4% |
| TCO Travis County | 0.3758% | $4,598.67 | 26.8% |
| THD Travis Central Health | 0.1180% | $1,444.08 | 8.4% |
| E09 Travis County ESD # 09 | 0.0758% | $927.45 | 5.4% |
| Total | 1.4019% | $17,152.62 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,137,722 | $1,223,554 | -7.0% |
| Assessed Value | $1,137,722 | $1,223,554 | -7.0% |
| Land Value | $782,932 | $1,060,548 | -26.2% |
| Improvement Value | $354,790 | $163,006 | +117.7% |
| Taxable Value | $1,137,722 | $1,223,554 | -7.0% |
| Total Tax 2026 = estimate |
~$15,949
Estimated
|
~$17,153
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,137,722 | $782,932 | $354,790 | — | $1,137,722 | $1,137,722 | Not yet — post-cert | Preliminary |
| 2025 | $1,223,554 | $1,060,548 | $163,006 | — | $1,223,554 | $1,223,554 | ~$17,153 | Partial |
| 2024 | $1,213,440 | $960,000 | $253,440 | — | $1,213,440 | $1,213,440 | $17,096 | Verified |
| 2023 | $1,283,432 | $960,000 | $323,432 | — | $1,283,432 | $1,283,432 | $17,543 | Verified |
| 2022 | $1,283,432 | $960,000 | $323,432 | — | $1,283,432 | $1,283,432 | $19,176 | Verified |
| 2021 | $943,700 | $540,000 | $403,700 | — | $943,700 | $943,700 | $15,200 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -7.0% | -7.0% | ~100% | Not available | Partial |
| 2025 | +0.8% | +0.8% | ~100% | Not available | Partial |
| 2024 | -5.5% | -5.5% | ~100% | No billing data | Verified |
| 2023 | +0.0% | +0.0% | ~100% | No billing data | Verified |
| 2022 | +36.0% | +36.0% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -7.0% | +4.9% | +3.8% | +36.0% | 2022 | -7.0% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.4000% | 1.4000% | — | 1.4000% | 2025 | 1.4000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$17,153 | $17,234 | ~$15,822 | $19,176 | 2022 | $15,200 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,181,073 | ~$1,181,073 | ~1.3497% | ~$15,941 | +3.8% |
| 2028 | ~$1,226,075 | ~$1,226,075 | ~1.2975% | ~$15,908 | +7.8% |
| 2029 | ~$1,272,792 | ~$1,272,792 | ~1.2453% | ~$15,850 | +11.9% |
| 2030 | ~$1,321,289 | ~$1,321,289 | ~1.1931% | ~$15,764 | +16.1% |
| 2031 | ~$1,371,634 | ~$1,371,634 | ~1.1409% | ~$15,648 | +20.6% |
| 2027 | ~$1,158,318 | ~$1,158,318 | ~1.4019% | ~$16,238 | +1.8% |
| 2028 | ~$1,179,287 | ~$1,179,287 | ~1.4019% | ~$16,532 | +3.7% |
| 2029 | ~$1,200,636 | ~$1,200,636 | ~1.4019% | ~$16,831 | +5.5% |
| 2030 | ~$1,222,371 | ~$1,222,371 | ~1.4019% | ~$17,136 | +7.4% |
| 2031 | ~$1,244,499 | ~$1,244,499 | ~1.4019% | ~$17,446 | +9.4% |
| 2027 | ~$1,203,827 | ~$1,203,827 | ~1.3236% | ~$15,933 | +5.8% |
| 2028 | ~$1,273,773 | ~$1,273,773 | ~1.2453% | ~$15,862 | +12.0% |
| 2029 | ~$1,347,783 | ~$1,347,783 | ~1.1670% | ~$15,728 | +18.5% |
| 2030 | ~$1,426,093 | ~$1,426,093 | ~1.0887% | ~$15,525 | +25.3% |
| 2031 | ~$1,508,953 | ~$1,508,953 | ~1.0103% | ~$15,246 | +32.6% |
In 2025, this property's market value of $1,223,554 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +136% 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 | $1,223,554 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,213,440 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,283,432 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $1,283,432 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $943,700 | $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 | — |