1508 WOODLAWN BLVD TX 78703
| Owner | 1508W LLC |
|---|---|
| Parcel ID | 0112020708 |
| Short ID | 112155 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,224 SF |
| Land SF | 8,617 SF |
| Acres | 0.198 |
| Year Built | 1946 |
| Legal | LOT 76 ENFIELD C |
| Neighborhood | Z320005 |
| Land | $689,046 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $689,046 |
| Improvement | $544,326 |
|---|---|
| Total Improvement | $544,326 |
| Market | $1,233,372 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,233,372 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,233,372 |
| Taxable Value | $1,233,372 |
|---|
Appreciation: Market value has risen +103.9% from $605,008 (2021) to $1,233,372 (2025), a CAGR of 19.5% 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 $25,241. 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 56% of market value ($689,046 land vs $544,326 improvements), about $80/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,233,372, 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 +19.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,004,418 by 2030, with an estimated annual tax burden around $37,418. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,224 SF | ✗ |
| 1ST | 1st Floor | 1,612 SF | ✓ |
| 2ND | 2nd Floor | 1,612 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 188 SF | ✗ |
| 612 | TERRACE UNCOVERD | 150 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
Market value changed by 84% 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% | $11,411.16 | $11,411.16 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,463.08 | $6,463.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,635.57 | $4,635.57 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,455.66 | $1,455.66 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,275.31 | $1,275.31 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $25,240.78 | $25,240.78 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,102,502 | $1,233,372 | -10.6% |
| Assessed Value | $1,102,502 | $1,233,372 | -10.6% |
| Land Value | $703,069 | $689,046 | +2.0% |
| Improvement Value | $399,433 | $544,326 | -26.6% |
| Taxable Value | $1,102,502 | $1,233,372 | -10.6% |
| Total Tax 2026 = estimate |
~$22,563
Estimated
|
~$25,241
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,309,229 | $1,102,502 | -206,727 (-15.8%) |
| Taxable Value | $1,309,229 | $1,102,502 | -206,727 (-15.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,102,502 | $703,069 | $399,433 | — | $1,102,502 | $1,102,502 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,233,372 | $689,046 | $544,326 | — | $1,233,372 | $1,233,372 | ~$25,241 | Partial |
| 2024 | $1,228,442 | — | — | −$590,942 | $637,500 | $— | $24,616 | Verified |
| 2023 | $1,346,200 | — | — | −$496,200 | $850,000 | $— | $22,226 | Verified |
| 2022 | $650,000 | — | — | — | $850,000 ! | $— | $26,586 | Verified |
| 2021 | $605,008 | — | — | −$95,008 | $510,000 | $— | $14,148 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +6.2% | +6.2% | ~100% | Not available | Partial |
| 2025 | -14.9% | -14.9% | ~100% | Not available | Partial |
| 2024 | +17.9% | +17.9% | ~100% | 1.7000% | Verified |
| 2023 | -8.7% | -8.7% | ~100% | 1.8100% | Verified |
| 2022 | +84.3% ! | +84.3% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.3400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +68.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.6% | +19.1% | +22.3% | +107.1% | 2023 | -10.6% | 2026 |
| Assessment Ratio | 100.0% | 88.4% | — | 130.8% | 2022 | 51.9% | 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 |
$25,241 | $22,563 | ~$32,182 | $26,586 | 2022 | $14,148 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,473,762 | ~$1,356,709 | ~2.0139% | ~$27,323 | +19.5% |
| 2027 | ~$1,761,005 | ~$1,492,380 | ~1.9814% | ~$29,570 | +42.8% |
| 2028 | ~$2,104,233 | ~$1,641,618 | ~1.9488% | ~$31,993 | +70.6% |
| 2029 | ~$2,514,358 | ~$1,805,780 | ~1.9163% | ~$34,604 | +103.9% |
| 2030 | ~$3,004,418 | ~$1,986,358 | ~1.8837% | ~$37,418 | +143.6% |
| 2026 | ~$1,449,094 | ~$1,356,709 | ~2.0465% | ~$27,765 | +17.5% |
| 2027 | ~$1,702,548 | ~$1,492,380 | ~2.0465% | ~$30,541 | +38.0% |
| 2028 | ~$2,000,331 | ~$1,641,618 | ~2.0465% | ~$33,595 | +62.2% |
| 2029 | ~$2,350,198 | ~$1,805,780 | ~2.0465% | ~$36,955 | +90.6% |
| 2030 | ~$2,761,259 | ~$1,986,358 | ~2.0465% | ~$40,651 | +123.9% |
| 2026 | ~$1,498,429 | ~$1,356,709 | ~1.9977% | ~$27,102 | +21.5% |
| 2027 | ~$1,820,449 | ~$1,492,380 | ~1.9488% | ~$29,084 | +47.6% |
| 2028 | ~$2,211,672 | ~$1,641,618 | ~1.9000% | ~$31,191 | +79.3% |
| 2029 | ~$2,686,970 | ~$1,805,780 | ~1.8512% | ~$33,428 | +117.9% |
| 2030 | ~$3,264,412 | ~$1,986,358 | ~1.8024% | ~$35,802 | +164.7% |
In 2025, this property's market value of $1,233,372 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +137% 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 | $1,233,372 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,228,442 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,346,200 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $650,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $605,008 | $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.