2005 JUSTIN LN TX 78757
| Owner | W-SUN TRUST |
|---|---|
| Parcel ID | 0233050177 |
| Short ID | 234726 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 4,240 SF |
| Land SF | 9,800 SF |
| Acres | 0.225 |
| Year Built | 1969 |
| Legal | LOT 8 BLK B NORTHRIDGE TERRACE SEC 6 |
| Neighborhood | 05NC1 |
| Land | $392,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $392,000 |
| Improvement | $456,000 |
|---|---|
| Total Improvement | $456,000 |
| Market | $848,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $848,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $848,000 |
| Taxable Value | $848,000 |
|---|
Appreciation: Market value has risen +47.9% from $573,537 (2021) to $848,000 (2025), a CAGR of 10.3% 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 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $17,354. 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 46% of market value ($392,000 land vs $456,000 improvements), about $40/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $848,000, 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 +10.2% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,517,105 by 2031, with an estimated annual tax burden around $28,299. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 4,800 SF | ✗ |
| 1ST | 1st Floor | 2,120 SF | ✓ |
| 2ND | 2nd Floor | 2,120 SF | ✓ |
| 591 | MASONRY TRIM SF | 1,150 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 492 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 324 SF | ✗ |
| 581C | STORAGE ATT COMM | 40 SF | ✓ |
| 611 | TERRACE | 28 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 531 | OBS FENCE | 1 SF | ✗ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +394 |
| Travis County | 0.3444% | 0.3758% | +266 |
| Austin ISD | 0.9505% | 0.9252% | -215 |
| Travis Central Health | 0.1080% | 0.1180% | +85 |
| Austin Community College | 0.1013% | 0.1034% | +18 |
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% | $7,845.70 | $— | $7,845.70 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,443.66 | $— | $4,443.66 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,187.17 | $— | $3,187.17 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,000.84 | $— | $1,000.84 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $876.83 | $— | $876.83 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,354.20 | $0.00 | $17,354.20 |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $7,845.70 | 45.2% |
| CAT City of Austin | 0.5240% | $4,443.66 | 25.6% |
| TCO Travis County | 0.3758% | $3,187.17 | 18.4% |
| THD Travis Central Health | 0.1180% | $1,000.84 | 5.8% |
| ACT Austin Community College | 0.1034% | $876.83 | 5.1% |
| Total | 2.0465% | $17,354.20 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $932,800 | $848,000 | +10.0% |
| Assessed Value | $932,800 | $848,000 | +10.0% |
| Land Value | $392,000 | $392,000 | +0.0% |
| Improvement Value | $540,800 | $456,000 | +18.6% |
| Taxable Value | $932,800 | $848,000 | +10.0% |
| Total Tax 2026 = estimate |
~$19,090
Estimated
|
$17,354 | ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $932,800 | $392,000 | $540,800 | — | $932,800 | $932,800 | Not yet — post-cert | Preliminary |
| 2025 | $848,000 | $392,000 | $456,000 | — | $848,000 | $848,000 | $17,354 | Verified |
| 2024 | $840,308 | $392,000 | $448,308 | — | $840,308 | $840,308 | $16,653 | Verified |
| 2023 | $826,800 | $392,000 | $434,800 | — | $826,800 | $826,800 | $14,153 | Verified |
| 2022 | $763,200 | $392,000 | $371,200 | — | $763,200 | $763,200 | $14,319 | Verified |
| 2021 | $573,537 | $392,000 | $181,537 | — | $573,537 | $573,537 | $12,484 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.0% | +10.0% | ~100% | Not available | Partial |
| 2025 | +0.9% | +0.9% | ~100% | 2.0500% | Verified |
| 2024 | +1.6% | +1.6% | ~100% | No billing data | Verified |
| 2023 | +8.3% | +8.3% | ~100% | No billing data | Verified |
| 2022 | +33.1% | +33.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +47.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.0% | +10.8% | +10.2% | +33.1% | 2022 | +0.9% | 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 | $17,354 | $14,993 | ~$24,339 | $17,354 | 2025 | $12,484 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,028,097 | ~$1,026,080 | ~2.0139% | ~$20,665 | +10.2% |
| 2028 | ~$1,133,129 | ~$1,128,688 | ~1.9814% | ~$22,364 | +21.5% |
| 2029 | ~$1,248,892 | ~$1,241,557 | ~1.9488% | ~$24,196 | +33.9% |
| 2030 | ~$1,376,481 | ~$1,365,712 | ~1.9163% | ~$26,171 | +47.6% |
| 2031 | ~$1,517,105 | ~$1,502,284 | ~1.8837% | ~$28,299 | +62.6% |
| 2027 | ~$1,009,441 | ~$1,009,441 | ~2.0465% | ~$20,658 | +8.2% |
| 2028 | ~$1,092,378 | ~$1,092,378 | ~2.0465% | ~$22,355 | +17.1% |
| 2029 | ~$1,182,130 | ~$1,182,130 | ~2.0465% | ~$24,192 | +26.7% |
| 2030 | ~$1,279,256 | ~$1,279,256 | ~2.0465% | ~$26,180 | +37.1% |
| 2031 | ~$1,384,363 | ~$1,384,363 | ~2.0465% | ~$28,331 | +48.4% |
| 2027 | ~$1,046,753 | ~$1,026,080 | ~1.9977% | ~$20,498 | +12.2% |
| 2028 | ~$1,174,626 | ~$1,128,688 | ~1.9488% | ~$21,996 | +25.9% |
| 2029 | ~$1,318,121 | ~$1,241,557 | ~1.9000% | ~$23,590 | +41.3% |
| 2030 | ~$1,479,145 | ~$1,365,712 | ~1.8512% | ~$25,282 | +58.6% |
| 2031 | ~$1,659,840 | ~$1,502,284 | ~1.8024% | ~$27,077 | +77.9% |
In 2025, this property's market value of $848,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +63% 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 | $848,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $840,308 | $467,312 | $564,206 | $847,583 | ↑ Above median | -6.3% |
| 2023 | $826,800 | $503,694 | $616,727 | $918,308 | ↑ Above median | +0.9% |
| 2022 | $763,200 | $506,269 | $614,560 | $904,074 | ↑ Above median | +39.0% |
| 2021 | $573,537 | $353,349 | $436,046 | $657,886 | ↑ Above median | 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 | Verified |
| 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 | — |