WESTMINSTER DR 78723
| Owner | TDC GRIFFIN WINDSOR OWNER LLC |
|---|---|
| Parcel ID | 0222170921 |
| Short ID | 967368 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 372,075 SF |
| Land SF | 216,363 SF |
| Acres | 4.967 |
| Year Built | 2024 |
| Legal | WINDSOR VILLAGE WESTMINSTER BLK A LOT 1 |
| Neighborhood | NE |
| Land | $6,490,876 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,490,876 |
| Improvement | $105,979,124 |
|---|---|
| Total Improvement | $105,979,124 |
| Market | $112,470,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $112,470,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $112,470,000 |
| Taxable Value | $112,470,000 |
|---|
Appreciation: Market value has risen +1284.1% from $8,125,774 (2023) to $112,470,000 (2025), a CAGR of 272.0% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 fell -15.8%, 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 $2,301,682. 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 6% of market value ($6,490,876 land vs $105,979,124 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $112,470,000, 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 +129.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $6,212,388,326 by 2031, with an estimated annual tax burden around $2,972,504. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 372,075 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% | $1,040,572.44 | $1,040,572.44 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $589,361.92 | $589,361.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $422,712.87 | $422,712.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $132,740.47 | $132,740.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $116,293.98 | $116,293.98 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,301,681.68 | $2,301,681.68 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $1,040,572.44 | 45.2% |
| CAT City of Austin | 0.5240% | $589,361.92 | 25.6% |
| TCO Travis County | 0.3758% | $422,712.87 | 18.4% |
| THD Travis Central Health | 0.1180% | $132,740.47 | 5.8% |
| ACT Austin Community College | 0.1034% | $116,293.98 | 5.1% |
| Total | 2.0465% | $2,301,681.68 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $97,980,000 | $112,470,000 | -12.9% |
| Assessed Value | $97,980,000 | $112,470,000 | -12.9% |
| Land Value | $6,490,876 | $6,490,876 | +0.0% |
| Improvement Value | $91,489,124 | $105,979,124 | -13.7% |
| Taxable Value | $97,980,000 | $112,470,000 | -12.9% |
| Total Tax 2026 = estimate |
~$2,005,146
Estimated
|
~$2,301,682
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $97,980,000 | $6,490,876 | $91,489,124 | — | $97,980,000 | $97,980,000 | Not yet — post-cert | Preliminary |
| 2025 | $112,470,000 | $6,490,876 | $105,979,124 | — | $112,470,000 | $112,470,000 | ~$2,301,682 | Partial |
| 2024 | $34,921,871 | $6,490,876 | $28,430,995 | — | $34,921,871 | $34,921,871 | $692,087 | Verified |
| 2023 | $8,125,774 | $6,490,876 | $1,634,898 | — | $8,125,774 | $8,125,774 | $128,493 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.9% | -12.9% | ~100% | Not available | Partial |
| 2025 | +222.1% ! | +222.1% | ~100% | Not available | Partial |
| 2024 | +329.8% ! | +329.8% | ~100% | No billing data | Verified |
| 2023 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1284.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.9% | +179.7% | +129.3% | +329.8% | 2024 | -12.9% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2023 | 100.0% | 2023 |
| 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 |
$2,301,682 | $1,040,754 | ~$2,556,522 | $2,301,682 | 2025 | $128,493 | 2023 |
Market value changed by 330% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$224,678,578 | ~$107,778,000 | ~2.0139% | ~$2,170,580 | +129.3% |
| 2028 | ~$515,211,916 | ~$118,555,800 | ~1.9814% | ~$2,349,050 | +425.8% |
| 2029 | ~$1,181,435,812 | ~$130,411,380 | ~1.9488% | ~$2,541,508 | +1105.8% |
| 2030 | ~$2,709,158,180 | ~$143,452,518 | ~1.9163% | ~$2,748,968 | +2665.0% |
| 2031 | ~$6,212,388,326 | ~$157,797,770 | ~1.8837% | ~$2,972,504 | +6240.5% |
| 2027 | ~$222,718,978 | ~$107,778,000 | ~2.0465% | ~$2,205,661 | +127.3% |
| 2028 | ~$506,263,965 | ~$118,555,800 | ~2.0465% | ~$2,426,227 | +416.7% |
| 2029 | ~$1,150,791,927 | ~$130,411,380 | ~2.0465% | ~$2,668,849 | +1074.5% |
| 2030 | ~$2,615,872,649 | ~$143,452,518 | ~2.0465% | ~$2,935,734 | +2569.8% |
| 2031 | ~$5,946,157,214 | ~$157,797,770 | ~2.0465% | ~$3,229,308 | +5968.7% |
| 2027 | ~$226,638,178 | ~$107,778,000 | ~1.9977% | ~$2,153,040 | +131.3% |
| 2028 | ~$524,238,251 | ~$118,555,800 | ~1.9488% | ~$2,310,462 | +435.0% |
| 2029 | ~$1,212,618,925 | ~$130,411,380 | ~1.9000% | ~$2,477,838 | +1137.6% |
| 2030 | ~$2,804,916,759 | ~$143,452,518 | ~1.8512% | ~$2,655,584 | +2762.7% |
| 2031 | ~$6,488,071,284 | ~$157,797,770 | ~1.8024% | ~$2,844,102 | +6521.8% |
In 2025, this property's market value of $112,470,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — 217× 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 | $112,470,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $34,921,871 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $8,125,774 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 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 | 2023–2024 | 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 | 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 | — |