1605 ROCKMOOR AVE TX 78703
| Owner | STORVIK ALVIN II & ANN |
|---|---|
| Parcel ID | 0116090611 |
| Short ID | 116449 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,400 SF |
| Land SF | 10,755 SF |
| Acres | 0.247 |
| Year Built | 1963 |
| Legal | LOT 9A BLK 4 RESUB OF LOT 9-13 INCL WALSH PLACE |
| Neighborhood | XSMF1 |
| Land | $906,013 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $906,013 |
| Improvement | $63,987 |
|---|---|
| Total Improvement | $63,987 |
| Market | $970,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $970,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $970,000 |
| Exemptions (−) (HS,OV65) | −$337,220 |
|---|---|
| Taxable Value | $632,780 |
Appreciation: Market value has risen +32.4% from $732,700 (2021) to $970,000 (2025), a CAGR of 7.3% 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 $12,950. Austin ISD is the largest single contributor, at 46.9% 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 93% of market value ($906,013 land vs $63,987 improvements), about $84/SF of land. With value concentrated in the land under a ~63-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 $970,000, 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 +7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,377,459 by 2030, with an estimated annual tax burden around $25,948. 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 |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 2,400 SF | ✗ |
| 1ST | 1st Floor | 2,000 SF | ✓ |
| 061 | CARPORT ATT 1ST | 484 SF | ✗ |
| 2ND | 2nd Floor | 400 SF | ✓ |
| 612 | TERRACE UNCOVERD | 349 SF | ✗ |
| 581 | STORAGE ATT | 91 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| 579 | STORAGE DET 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% | $6,187.78 | $6,187.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,060.26 | $3,060.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,378.27 | $2,378.27 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $878.98 | $878.98 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $697.28 | $697.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $13,202.57 | $13,202.57 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $970,000 | $970,000 | +0.0% |
| Assessed Value | $970,000 | $970,000 | +0.0% |
| Land Value | $1,132,516 | $906,013 | +25.0% |
| Improvement Value | — | $63,987 | — |
| Taxable Value | $630,731 | $632,780 | -0.3% |
| Exemptions | HS,OV65 | HS,OV65 | |
| Total Tax 2026 = estimate |
~$12,908
Estimated
|
~$13,203
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $970,000 | $970,000 | +0 (+0.0%) |
| Taxable Value | $632,780 | $630,731 | -2,049 (-0.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $970,000 | $1,132,516 | — | — | $970,000 | $630,731 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $970,000 | $906,013 | $63,987 | — | $970,000 | $632,780 | ~$13,203 | Partial |
| 2024 | $1,220,000 | — | — | −$479,356 | $740,644 | $— | $13,913 | Verified |
| 2023 | $1,324,587 | — | — | −$266,524 | $1,058,063 | $— | $13,943 | Verified |
| 2022 | $921,597 | — | — | — | $1,058,063 ! | $— | $24,200 | Verified |
| 2021 | $732,700 | — | — | −$215,425 | $517,275 | $— | $20,060 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.6% | +0.6% | ~100% | Not available | Partial |
| 2024 | -21.0% | -21.0% | ~100% | 1.4400% | Verified |
| 2023 | -7.9% | -7.9% | ~100% | 1.1400% | Verified |
| 2022 | +43.7% | +43.7% | ~100% | 1.8300% | Verified |
| 2021 | base year | — | ~100% | 2.7400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +5.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +8.2% | +7.3% | +43.7% | 2023 | -20.5% | 2025 |
| Assessment Ratio | 100.0% | 87.7% | — | 114.8% | 2022 | 60.7% | 2024 |
| Effective Tax Rate (2025) | 1.3600% | 1.3600% | — | 1.3600% | 2025 | 1.3600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$13,203 | $17,064 | ~$23,391 | $24,200 | 2022 | $13,203 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,040,479 | ~$1,040,479 | ~2.0139% | ~$20,955 | +7.3% |
| 2027 | ~$1,116,078 | ~$1,116,078 | ~1.9814% | ~$22,114 | +15.1% |
| 2028 | ~$1,197,170 | ~$1,197,170 | ~1.9488% | ~$23,331 | +23.4% |
| 2029 | ~$1,284,154 | ~$1,284,154 | ~1.9163% | ~$24,608 | +32.4% |
| 2030 | ~$1,377,459 | ~$1,377,459 | ~1.8837% | ~$25,948 | +42.0% |
| 2026 | ~$1,021,079 | ~$1,021,079 | ~2.0465% | ~$20,896 | +5.3% |
| 2027 | ~$1,074,847 | ~$1,074,847 | ~2.0465% | ~$21,997 | +10.8% |
| 2028 | ~$1,131,446 | ~$1,131,446 | ~2.0465% | ~$23,155 | +16.6% |
| 2029 | ~$1,191,026 | ~$1,191,026 | ~2.0465% | ~$24,374 | +22.8% |
| 2030 | ~$1,253,744 | ~$1,253,744 | ~2.0465% | ~$25,658 | +29.3% |
| 2026 | ~$1,059,879 | ~$1,059,879 | ~1.9977% | ~$21,173 | +9.3% |
| 2027 | ~$1,158,085 | ~$1,158,085 | ~1.9488% | ~$22,569 | +19.4% |
| 2028 | ~$1,265,391 | ~$1,265,391 | ~1.9000% | ~$24,043 | +30.5% |
| 2029 | ~$1,382,640 | ~$1,382,640 | ~1.8512% | ~$25,595 | +42.5% |
| 2030 | ~$1,510,753 | ~$1,510,753 | ~1.8024% | ~$27,229 | +55.7% |
In 2025, this property's market value of $970,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +87% 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 | $970,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,220,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,324,587 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $921,597 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $732,700 | $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.