1507 WOODLAWN BLVD TX 78703
| Owner | CAPITAL AREA COUNCIL- |
|---|---|
| Parcel ID | 0112020320 |
| Short ID | 112076 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,647 SF |
| Land SF | 9,880 SF |
| Acres | 0.227 |
| Year Built | 1959 |
| Legal | LOT 68 ENFIELD C |
| Neighborhood | Z320005 |
| Land | $890,985 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $890,985 |
| Improvement | $470,117 |
|---|---|
| Total Improvement | $470,117 |
| Market | $1,361,102 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,361,102 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,361,102 |
| Taxable Value | $1,361,102 |
|---|
Appreciation: Market value has risen +73.9% from $782,900 (2021) to $1,361,102 (2025), a CAGR of 14.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 +37.9%, 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 $27,855. 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 65% of market value ($890,985 land vs $470,117 improvements), about $90/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,361,102, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). 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 +14.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,717,197 by 2030, with an estimated annual tax burden around $41,293. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,647 SF | ✓ |
| 551 | PAVED AREA | 2,400 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 216 SF | ✗ |
| 581 | STORAGE ATT | 64 SF | ✓ |
| SO | Sketch Only | 64 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 522 | FIREPLACE | 4 SF | ✓ |
Market value changed by 79% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $12,592.92 | $12,592.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $7,132.41 | $7,132.41 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,115.63 | $5,115.63 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,606.41 | $1,606.41 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,407.38 | $1,407.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $27,854.75 | $27,854.75 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $840,000 | $1,361,102 | -38.3% |
| Assessed Value | $840,000 | $1,361,102 | -38.3% |
| Land Value | $984,975 | $890,985 | +10.5% |
| Improvement Value | — | $470,117 | — |
| Taxable Value | $840,000 | $1,361,102 | -38.3% |
| Total Tax 2026 = estimate |
~$17,190
Estimated
|
~$27,855
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $840,000 | $840,000 | +0 (+0.0%) |
| Taxable Value | $840,000 | $840,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $840,000 | $984,975 | — | — | $840,000 | $840,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,361,102 | $890,985 | $470,117 | — | $1,361,102 | $1,361,102 | ~$27,855 | Partial |
| 2024 | $1,825,901 | — | — | −$1,000,901 | $825,000 | $— | $28,693 | Verified |
| 2023 | $1,764,476 | — | — | −$664,476 | $1,100,000 | $— | $33,035 | Verified |
| 2022 | $987,941 | — | — | — | $1,100,000 ! | $— | $34,847 | Verified |
| 2021 | $782,900 | — | — | −$122,900 | $660,000 | $— | $21,504 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -38.3% | -38.3% | ~100% | Not available | Partial |
| 2025 | -6.0% | -6.0% | ~100% | Not available | Partial |
| 2024 | -20.7% | -20.7% | ~100% | 1.9800% | Verified |
| 2023 | +3.5% | +3.5% | ~100% | 1.8100% | Verified |
| 2022 | +78.6% ! | +78.6% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.7500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +37.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -38.3% | +8.9% | +29.1% | +78.6% | 2023 | -38.3% | 2026 |
| Assessment Ratio | 100.0% | 83.9% | — | 111.3% | 2022 | 45.2% | 2024 |
| 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 |
$27,855 | $29,187 | ~$35,514 | $34,847 | 2022 | $21,504 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,562,920 | ~$1,497,212 | ~2.0139% | ~$30,153 | +14.8% |
| 2027 | ~$1,794,663 | ~$1,646,933 | ~1.9814% | ~$32,632 | +31.9% |
| 2028 | ~$2,060,767 | ~$1,811,627 | ~1.9488% | ~$35,306 | +51.4% |
| 2029 | ~$2,366,329 | ~$1,992,789 | ~1.9163% | ~$38,188 | +73.9% |
| 2030 | ~$2,717,197 | ~$2,192,068 | ~1.8837% | ~$41,293 | +99.6% |
| 2026 | ~$1,535,698 | ~$1,497,212 | ~2.0465% | ~$30,640 | +12.8% |
| 2027 | ~$1,732,690 | ~$1,646,933 | ~2.0465% | ~$33,704 | +27.3% |
| 2028 | ~$1,954,952 | ~$1,811,627 | ~2.0465% | ~$37,075 | +43.6% |
| 2029 | ~$2,205,725 | ~$1,992,789 | ~2.0465% | ~$40,782 | +62.1% |
| 2030 | ~$2,488,665 | ~$2,192,068 | ~2.0465% | ~$44,860 | +82.8% |
| 2026 | ~$1,590,142 | ~$1,497,212 | ~1.9977% | ~$29,909 | +16.8% |
| 2027 | ~$1,857,724 | ~$1,646,933 | ~1.9488% | ~$32,096 | +36.5% |
| 2028 | ~$2,170,333 | ~$1,811,627 | ~1.9000% | ~$34,421 | +59.5% |
| 2029 | ~$2,535,547 | ~$1,992,789 | ~1.8512% | ~$36,890 | +86.3% |
| 2030 | ~$2,962,218 | ~$2,192,068 | ~1.8024% | ~$39,509 | +117.6% |
In 2025, this property's market value of $1,361,102 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +162% above the county median of $519,778. 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 | $1,361,102 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,825,901 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,764,476 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $987,941 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $782,900 | $300,453 | $376,850 | $539,896 | ↑ Top 25% | base yr |
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.