4512 NORWOOD LN TX
| Owner | JS GROUP TXLTR LLC |
|---|---|
| Parcel ID | 0324200106 |
| Short ID | 296231 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 8,988 SF |
| Land SF | 73,704 SF |
| Acres | 1.692 |
| Year Built | 1955 |
| Legal | LOT 7&8 BLUE BONNET GARDENS |
| Neighborhood | H1025 |
| Land | $143,750 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $143,750 |
| Improvement | $1,104,312 |
|---|---|
| Total Improvement | $1,104,312 |
| Market | $1,248,062 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,248,062 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,248,062 |
| Taxable Value | $1,248,062 |
|---|
Appreciation: Market value has risen +217.8% from $392,743 (2021) to $1,248,062 (2025), a CAGR of 33.5% over 4 years. This is strong appreciation — well above typical inflation. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 2.0702% in 2025 (+0.0420% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $25,837. Del Valle ISD is the largest single contributor, at 45.8% 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 12% of market value ($143,750 land vs $1,104,312 improvements), about $2/SF of land. Most value sits in the improvements, so building condition, age (~71 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,248,062, 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 +32.0% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $6,313,779 by 2031, with an estimated annual tax burden around $42,492. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 8,988 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 8,988 SF | ✗ |
| 061 | CARPORT ATT 1ST | 1,840 SF | ✗ |
| 612 | TERRACE UNCOVERD | 1,288 SF | ✗ |
| 041 | GARAGE ATT 1ST F | 504 SF | ✓ |
| 581 | STORAGE ATT | 480 SF | ✓ |
| 630 | PORCH CLOS FIN | 252 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 194 SF | ✗ |
| 251 | BATHROOM | 9 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 |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $11,842.86 | $11,842.86 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,540.06 | $6,540.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,690.78 | $4,690.78 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,473.00 | $1,473.00 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,290.50 | $1,290.50 | Paid |
| Combined Rate | 2.3170% | 2.1629% | 1.9525% | 2.0282% | 2.0702% | +0.0420% | $25,837.20 | $25,837.20 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IDV Del Valle ISD | 0.9489% | $11,842.86 | 45.8% |
| CAT City of Austin | 0.5240% | $6,540.06 | 25.3% |
| TCO Travis County | 0.3758% | $4,690.78 | 18.2% |
| THD Travis Central Health | 0.1180% | $1,473.00 | 5.7% |
| ACT Austin Community College | 0.1034% | $1,290.50 | 5.0% |
| Total | 2.0702% | $25,837.20 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,574,704 | $1,248,062 | +26.2% |
| Assessed Value | $1,497,674 | $1,248,062 | +20.0% |
| Land Value | $600,000 | $143,750 | +317.4% |
| Improvement Value | $974,704 | $1,104,312 | -11.7% |
| Taxable Value | $1,497,674 | $1,248,062 | +20.0% |
| HS Cap Loss | -$77,030 | — | |
| Total Tax 2026 = estimate |
~$31,005
Estimated
|
~$25,837
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,574,704 | $600,000 | $974,704 | −$77,030 | $1,497,674 | $1,497,674 | Not yet — post-cert | Preliminary |
| 2025 | $1,248,062 | $143,750 | $1,104,312 | — | $1,248,062 | $1,248,062 | ~$25,837 | Partial |
| 2024 | $1,366,186 | $212,500 | $1,153,686 | — | $1,366,186 | $1,366,186 | $27,709 | Verified |
| 2023 | $1,359,377 | $127,500 | $1,231,877 | — | $1,359,377 | $1,359,377 | $26,542 | Verified |
| 2022 | $904,235 | $136,000 | $768,235 | — | $904,235 | $904,235 | $19,558 | Verified |
| 2021 | $392,743 | $25,500 | $367,243 | — | $392,743 | $392,743 | $9,100 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +26.2% | +20.0% | 95.1% | Not available | Partial |
| 2025 | -8.6% | -8.6% | ~100% | Not available | Partial |
| 2024 | +0.5% | +0.5% | ~100% | No billing data | Verified |
| 2023 | +50.3% | +50.3% | ~100% | No billing data | Verified |
| 2022 | +130.2% ! | +130.2% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +217.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +26.2% | +39.7% | +32.0% | +130.2% | 2022 | -8.6% | 2025 |
| Assessment Ratio | 95.1% | 99.2% | — | 100.0% | 2021 | 95.1% | 2026 |
| Effective Tax Rate (2025) | 2.0700% | 2.0700% | — | 2.0700% | 2025 | 2.0700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$25,837 | $21,749 | ~$37,684 | $27,709 | 2024 | $9,100 | 2021 |
Market value changed by 130% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$2,078,821 | ~$1,647,441 | ~2.0085% | ~$33,089 | +32.0% |
| 2028 | ~$2,744,322 | ~$1,812,186 | ~1.9468% | ~$35,279 | +74.3% |
| 2029 | ~$3,622,874 | ~$1,993,404 | ~1.8851% | ~$37,577 | +130.1% |
| 2030 | ~$4,782,680 | ~$2,192,745 | ~1.8234% | ~$39,982 | +203.7% |
| 2031 | ~$6,313,779 | ~$2,412,019 | ~1.7617% | ~$42,492 | +301.0% |
| 2027 | ~$2,047,327 | ~$1,647,441 | ~2.0702% | ~$34,105 | +30.0% |
| 2028 | ~$2,661,799 | ~$1,812,186 | ~2.0702% | ~$37,516 | +69.0% |
| 2029 | ~$3,460,697 | ~$1,993,404 | ~2.0702% | ~$41,267 | +119.8% |
| 2030 | ~$4,499,370 | ~$2,192,745 | ~2.0702% | ~$45,394 | +185.7% |
| 2031 | ~$5,849,785 | ~$2,412,019 | ~2.0702% | ~$49,933 | +271.5% |
| 2027 | ~$2,110,315 | ~$1,647,441 | ~1.9776% | ~$32,580 | +34.0% |
| 2028 | ~$2,828,105 | ~$1,812,186 | ~1.8851% | ~$34,161 | +79.6% |
| 2029 | ~$3,790,040 | ~$1,993,404 | ~1.7925% | ~$35,733 | +140.7% |
| 2030 | ~$5,079,163 | ~$2,192,745 | ~1.7000% | ~$37,277 | +222.5% |
| 2031 | ~$6,806,760 | ~$2,412,019 | ~1.6074% | ~$38,772 | +332.3% |
In 2025, this property's market value of $1,248,062 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +140% 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 | $1,248,062 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,366,186 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,359,377 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $904,235 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $392,743 | $353,349 | $436,046 | $657,886 | ↓ Below 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 | 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 | — |