1300 NORWALK LN TX 78703
| Owner | WEATHERFORD LAURA S & ALICE F & |
|---|---|
| Parcel ID | 0113060809 |
| Short ID | 112976 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 2,916 SF |
| Land SF | 14,003 SF |
| Acres | 0.321 |
| Year Built | 1949 |
| Legal | LOT 1A BLK 8 RESUB PT OF LT 1 & 2 WESTFIELD A |
| Neighborhood | 05CEN |
| Land | $1,260,270 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,260,270 |
| Improvement | $36,632 |
|---|---|
| Total Improvement | $36,632 |
| Market | $1,296,902 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,296,902 |
| Value Limitation Adjustment (−) (homestead cap) | −$7,583 |
| Net Appraised (assessed) | $1,289,319 |
| Exemptions (−) (HS,OV65) | −$185,042 |
|---|---|
| Taxable Value | $1,104,277 |
Appreciation: Market value has risen +44.1% from $900,000 (2021) to $1,296,902 (2025), a CAGR of 9.6% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 $22,599. Austin ISD is the largest single contributor, at 44.8% of the total 2025 levy.
Assessment Gap: Assessed value ($1,289,319) is $7,583 below market value, suggesting potential for an upward assessment in future years.
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 97% of market value ($1,260,270 land vs $36,632 improvements), about $90/SF of land. With value concentrated in the land under a ~77-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 $1,296,902, 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 +9.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,047,566 by 2030, with an estimated annual tax burden around $38,571. 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 |
|---|---|---|---|
| 2ND | 2nd Floor | 1,926 SF | ✓ |
| 1ST | 1st Floor | 990 SF | ✓ |
| 061C | CARPORT ATT 1ST COMM | 936 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 184 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 303 | STAIRWAYS FV | 1 SF | ✓ |
| 559 | PAVED AREA FV | 1 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% | $9,994.10 | $9,994.10 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,660.48 | $5,660.48 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,150.37 | $4,150.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,274.90 | $1,274.90 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,208.46 | $1,208.46 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $22,288.31 | $22,288.31 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,298,094 | $1,296,902 | +0.1% |
| Assessed Value | $1,298,094 | $1,289,319 | +0.7% |
| Land Value | $1,260,270 | $1,260,270 | +0.0% |
| Improvement Value | $37,824 | $36,632 | +3.3% |
| Taxable Value | $1,235,218 | $1,104,277 | +11.9% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$25,279
Estimated
|
~$22,288
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,298,094 | $1,298,094 | +0 (+0.0%) |
| Taxable Value | $1,235,901 | $1,235,218 | -683 (-0.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,298,094 | $1,260,270 | $37,824 | — | $1,298,094 | $1,235,218 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,296,902 | $1,260,270 | $36,632 | −$7,583 | $1,289,319 | $1,104,277 | ~$22,288 | Partial |
| 2024 | $1,332,651 | — | — | −$72,381 | $1,260,270 | $— | $22,645 | Verified |
| 2023 | $939,727 | — | — | — | $1,260,270 ! | $— | $20,618 | Verified |
| 2022 | $900,000 | — | — | −$17,811 | $882,189 | $— | $16,475 | Verified |
| 2021 | $900,000 | — | — | −$17,811 | $882,189 | $— | $18,649 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.1% | +0.7% | ~100% | Not available | Partial |
| 2025 | -2.6% | -0.7% | 99.4% | Not available | Partial |
| 2024 | -0.1% | +1.3% | 97.6% | 1.7000% | Verified |
| 2023 | +41.8% | +36.5% | 96.2% | 1.5500% | Verified |
| 2022 | +4.4% | +4.4% | ~100% | 1.7500% | Verified |
| 2021 | base year | — | ~100% | 2.0700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +44.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.1% | +8.7% | +9.5% | +41.8% | 2024 | -2.7% | 2025 |
| Assessment Ratio | 100.0% | 104.0% | — | 134.1% | 2023 | 94.6% | 2024 |
| Effective Tax Rate (2025) | 1.7200% | 1.7200% | — | 1.7200% | 2025 | 1.7200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$22,288 | $20,135 | ~$33,407 | $22,645 | 2024 | $16,475 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,420,932 | ~$1,418,251 | ~2.0139% | ~$28,563 | +9.6% |
| 2027 | ~$1,556,824 | ~$1,556,824 | ~1.9814% | ~$30,847 | +20.0% |
| 2028 | ~$1,705,712 | ~$1,705,712 | ~1.9488% | ~$33,242 | +31.5% |
| 2029 | ~$1,868,839 | ~$1,868,839 | ~1.9163% | ~$35,812 | +44.1% |
| 2030 | ~$2,047,566 | ~$2,047,566 | ~1.8837% | ~$38,571 | +57.9% |
| 2026 | ~$1,394,994 | ~$1,394,994 | ~2.0465% | ~$28,548 | +7.6% |
| 2027 | ~$1,500,505 | ~$1,500,505 | ~2.0465% | ~$30,708 | +15.7% |
| 2028 | ~$1,613,997 | ~$1,613,997 | ~2.0465% | ~$33,030 | +24.5% |
| 2029 | ~$1,736,073 | ~$1,736,073 | ~2.0465% | ~$35,528 | +33.9% |
| 2030 | ~$1,867,382 | ~$1,867,382 | ~2.0465% | ~$38,216 | +44.0% |
| 2026 | ~$1,446,870 | ~$1,418,251 | ~1.9977% | ~$28,332 | +11.6% |
| 2027 | ~$1,614,180 | ~$1,560,076 | ~1.9488% | ~$30,403 | +24.5% |
| 2028 | ~$1,800,837 | ~$1,716,084 | ~1.9000% | ~$32,606 | +38.9% |
| 2029 | ~$2,009,078 | ~$1,887,692 | ~1.8512% | ~$34,945 | +54.9% |
| 2030 | ~$2,241,399 | ~$2,076,461 | ~1.8024% | ~$37,426 | +72.8% |
In 2025, this property's market value of $1,296,902 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +150% 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 | $1,296,902 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,332,651 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $939,727 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $900,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $900,000 | $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.