2508 WESTLAKE DR TX 78746
| Owner | DEPWE ROBERT L |
|---|---|
| Parcel ID | 0121090305 |
| Short ID | 120974 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,464 SF |
| Land SF | 56,454 SF |
| Acres | 1.296 |
| Year Built | 1952 |
| Legal | W1/2 OF LOT 37 & 40X100'OF ABD ROAD & W116.18 OF S36.45 OF LOT 39 & W116.0 OF LOT 38 PLUS 40X136.55 ADJ ABD ROAD LAKE SHORE ADDN |
| Neighborhood | M5705 |
| Land | $1,107,269 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,107,269 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,047,702 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,047,702 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,047,702 |
| Taxable Value | $1,047,702 |
|---|
Appreciation: Market value has risen +42.5% from $735,078 (2021) to $1,047,702 (2025), a CAGR of 9.3% over 4 years. This is strong appreciation — well above typical inflation. 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 6 taxing entities is 2.0293% in 2025 (+0.0415% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $21,261. Eanes ISD is the largest single contributor, at 56.3% of the total 2025 levy.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 106% of market value ($1,107,269 land vs $0 improvements), about $20/SF of land. With value concentrated in the land under a ~74-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 $1,047,702, 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 +7.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,449,108 by 2031, with an estimated annual tax burden around $25,291. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,464 SF | ✗ |
| 2ND | 2nd Floor | 1,408 SF | ✓ |
| 1ST | 1st Floor | 1,056 SF | ✓ |
| 571 | STORAGE DET | 620 SF | ✓ |
| 630 | PORCH CLOS FIN | 196 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 112 SF | ✗ |
| 512 | DECK UNCOVRED | 40 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 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 |
|---|---|---|---|---|---|---|---|---|---|
| IEA Eanes ISD | 1.0608% | 1.0046% | 0.8880% | 0.8855% | 0.8322% | -0.0533% | $8,718.98 | $8,718.98 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,937.74 | $3,937.74 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,236.53 | $1,236.53 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $768.62 | $768.62 | Paid |
| E09 Travis County ESD # 09 | 0.0807% | 0.0726% | 0.0735% | 0.0710% | 0.0758% | +0.0048% | $682.98 | $682.98 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $151.67 | $151.67 | Paid |
| Combined Rate | 2.2565% | 2.0555% | 1.9112% | 1.9878% | 2.0293% | +0.0415% | $15,496.52 | $15,496.52 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IEA Eanes ISD | 0.8322% | $8,718.98 | 56.3% |
| TCO Travis County | 0.3758% | $3,937.74 | 25.4% |
| THD Travis Central Health | 0.1180% | $1,236.53 | 8.0% |
| CAT City of Austin | 0.5240% | $768.62 | 5.0% |
| E09 Travis County ESD # 09 | 0.0758% | $682.98 | 4.4% |
| ACT Austin Community College | 0.1034% | $151.67 | 1.0% |
| Total | 2.0293% | $15,496.52 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,032,089 | $1,047,702 | -1.5% |
| Assessed Value | $1,032,089 | $1,047,702 | -1.5% |
| Land Value | $914,905 | $1,107,269 | -17.4% |
| Improvement Value | $117,184 | — | — |
| Taxable Value | $1,032,089 | $1,047,702 | -1.5% |
| Total Tax 2026 = estimate |
~$20,944
Estimated
|
~$15,497
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,032,089 | $914,905 | $117,184 | — | $1,032,089 | $1,032,089 | Not yet — post-cert | Preliminary |
| 2025 | $1,047,702 | $1,107,269 | — | — | $1,047,702 | $1,047,702 | ~$15,497 | Partial |
| 2024 | $1,085,000 | $1,000,000 | $85,000 | — | $1,085,000 | $1,085,000 | $15,998 | Verified |
| 2023 | $868,642 | $1,000,000 | — | — | $868,642 | $868,642 | $12,446 | Verified |
| 2022 | $987,430 | $1,000,000 | — | — | $987,430 | $987,430 | $15,429 | Verified |
| 2021 | $735,078 | $562,500 | $172,578 | — | $735,078 | $735,078 | $11,333 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.5% | -1.5% | ~100% | Not available | Partial |
| 2025 | -3.4% | -3.4% | ~100% | Not available | Partial |
| 2024 | +24.9% | +24.9% | ~100% | No billing data | Verified |
| 2023 | -12.0% | -12.0% | ~100% | No billing data | Verified |
| 2022 | +34.3% | +34.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +42.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.5% | +8.5% | +7.0% | +34.3% | 2022 | -12.0% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.4800% | 1.4800% | — | 1.4800% | 2025 | 1.4800% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$15,497 | $14,140 | ~$23,529 | $15,998 | 2024 | $11,333 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,104,572 | ~$1,104,572 | ~1.9725% | ~$21,788 | +7.0% |
| 2028 | ~$1,182,145 | ~$1,182,145 | ~1.9157% | ~$22,646 | +14.5% |
| 2029 | ~$1,265,166 | ~$1,265,166 | ~1.8589% | ~$23,518 | +22.6% |
| 2030 | ~$1,354,017 | ~$1,354,017 | ~1.8021% | ~$24,401 | +31.2% |
| 2031 | ~$1,449,108 | ~$1,449,108 | ~1.7453% | ~$25,291 | +40.4% |
| 2027 | ~$1,083,930 | ~$1,083,930 | ~2.0293% | ~$21,996 | +5.0% |
| 2028 | ~$1,138,375 | ~$1,138,375 | ~2.0293% | ~$23,101 | +10.3% |
| 2029 | ~$1,195,554 | ~$1,195,554 | ~2.0293% | ~$24,261 | +15.8% |
| 2030 | ~$1,255,606 | ~$1,255,606 | ~2.0293% | ~$25,480 | +21.7% |
| 2031 | ~$1,318,674 | ~$1,318,674 | ~2.0293% | ~$26,760 | +27.8% |
| 2027 | ~$1,125,213 | ~$1,125,213 | ~1.9441% | ~$21,875 | +9.0% |
| 2028 | ~$1,226,740 | ~$1,226,740 | ~1.8589% | ~$22,804 | +18.9% |
| 2029 | ~$1,337,428 | ~$1,337,428 | ~1.7737% | ~$23,722 | +29.6% |
| 2030 | ~$1,458,103 | ~$1,458,103 | ~1.6885% | ~$24,620 | +41.3% |
| 2031 | ~$1,589,666 | ~$1,589,666 | ~1.6033% | ~$25,487 | +54.0% |
In 2025, this property's market value of $1,047,702 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +102% 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 | $1,047,702 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,085,000 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $868,642 | $503,694 | $616,727 | $918,308 | ↑ Above median | +0.9% |
| 2022 | $987,430 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $735,078 | $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 | — |