1311 NORWALK LN TX 78703
| Owner | NORWALK PARTNERS LLC |
|---|---|
| Parcel ID | 0113060540 |
| Short ID | 112860 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 4,160 SF |
| Land SF | 9,450 SF |
| Acres | 0.217 |
| Year Built | 1951 |
| Legal | LOT 10A BLK 7 RESUB OF PT OF LT 10 WESTFIELD A |
| Neighborhood | XSMF1 |
| Land | $706,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $706,800 |
| Improvement | $273,683 |
|---|---|
| Total Improvement | $273,683 |
| Market | $980,483 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $980,483 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $980,483 |
| Taxable Value | $980,483 |
|---|
Appreciation: Market value has risen +22.2% from $802,072 (2021) to $980,483 (2025), a CAGR of 5.1% over 4 years. This represents moderate, steady growth. 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 lagged 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 $20,065. 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 72% of market value ($706,800 land vs $273,683 improvements), about $75/SF of land. With value concentrated in the land under a ~75-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $980,483, 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 +5.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,260,299 by 2030, with an estimated annual tax burden around $23,741. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 2,110 SF | ✗ |
| 1ST | 1st Floor | 2,080 SF | ✓ |
| 2ND | 2nd Floor | 2,080 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 165 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 165 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| 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% | $9,071.43 | $9,071.43 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,137.90 | $5,137.90 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,685.10 | $3,685.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,157.20 | $1,157.20 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,013.82 | $1,013.82 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $20,065.45 | $20,065.45 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $989,000 | $980,483 | +0.9% |
| Assessed Value | $989,000 | $980,483 | +0.9% |
| Land Value | $706,800 | $706,800 | +0.0% |
| Improvement Value | $282,200 | $273,683 | +3.1% |
| Taxable Value | $989,000 | $980,483 | +0.9% |
| Total Tax 2026 = estimate |
~$20,240
Estimated
|
~$20,065
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,095,058 | $989,000 | -106,058 (-9.7%) |
| Taxable Value | $1,095,058 | $989,000 | -106,058 (-9.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $989,000 | $706,800 | $282,200 | — | $989,000 | $989,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $980,483 | $706,800 | $273,683 | — | $980,483 | $980,483 | ~$20,065 | Partial |
| 2024 | $950,000 | — | — | −$180,000 | $770,000 | $— | $19,818 | Verified |
| 2023 | $950,000 | — | — | — | $950,000 | $— | $17,188 | Verified |
| 2022 | $800,000 | — | — | — | $950,000 ! | $— | $18,762 | Verified |
| 2021 | $802,072 | — | — | −$307,072 | $495,000 | $— | $17,413 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +11.7% | +11.7% | ~100% | Not available | Partial |
| 2025 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2024 | +5.3% | +5.3% | ~100% | 1.9800% | Verified |
| 2023 | +0.0% | +0.0% | ~100% | 1.8100% | Verified |
| 2022 | +18.8% | +18.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.9% | +4.5% | +5.0% | +18.8% | 2023 | -0.3% | 2022 |
| Assessment Ratio | 100.0% | 93.6% | — | 118.8% | 2022 | 61.7% | 2021 |
| 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 |
$20,065 | $18,649 | ~$22,233 | $20,065 | 2025 | $17,188 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,030,972 | ~$1,030,972 | ~2.0139% | ~$20,763 | +5.1% |
| 2027 | ~$1,084,060 | ~$1,084,060 | ~1.9814% | ~$21,479 | +10.6% |
| 2028 | ~$1,139,883 | ~$1,139,883 | ~1.9488% | ~$22,214 | +16.3% |
| 2029 | ~$1,198,579 | ~$1,198,579 | ~1.9163% | ~$22,968 | +22.2% |
| 2030 | ~$1,260,299 | ~$1,260,299 | ~1.8837% | ~$23,741 | +28.5% |
| 2026 | ~$1,011,362 | ~$1,011,362 | ~2.0465% | ~$20,697 | +3.1% |
| 2027 | ~$1,043,214 | ~$1,043,214 | ~2.0465% | ~$21,349 | +6.4% |
| 2028 | ~$1,076,068 | ~$1,076,068 | ~2.0465% | ~$22,022 | +9.7% |
| 2029 | ~$1,109,958 | ~$1,109,958 | ~2.0465% | ~$22,715 | +13.2% |
| 2030 | ~$1,144,914 | ~$1,144,914 | ~2.0465% | ~$23,430 | +16.8% |
| 2026 | ~$1,050,581 | ~$1,050,581 | ~1.9977% | ~$20,987 | +7.1% |
| 2027 | ~$1,125,691 | ~$1,125,691 | ~1.9488% | ~$21,938 | +14.8% |
| 2028 | ~$1,206,171 | ~$1,206,171 | ~1.9000% | ~$22,917 | +23.0% |
| 2029 | ~$1,292,405 | ~$1,292,405 | ~1.8512% | ~$23,925 | +31.8% |
| 2030 | ~$1,384,804 | ~$1,384,804 | ~1.8024% | ~$24,959 | +41.2% |
In 2025, this property's market value of $980,483 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +89% 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 | $980,483 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $950,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $950,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $800,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $802,072 | $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.