WESTMINSTER DR 78723
| Owner | TDC GRIFFIN WINDSOR OWNER LLC |
|---|---|
| Parcel ID | 0222170921 |
| Short ID | 967368 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 372,075 SF |
| Land SF | 216,363 SF |
| Acres | 4.967 |
| Year Built | 2024 |
| Legal | WINDSOR VILLAGE WESTMINSTER BLK A LOT 1 |
| Neighborhood | NE |
| Land | $6,490,876 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,490,876 |
| Improvement | $105,979,124 |
|---|---|
| Total Improvement | $105,979,124 |
| Market | $112,470,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $112,470,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $112,470,000 |
| Taxable Value | $112,470,000 |
|---|
Appreciation: Market value has risen +1496.9% from $7,043,000 (2024) to $112,470,000 (2025), a CAGR of 1496.9% over 1 year. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 fell -7.9%, 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 $2,301,682. 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 6% of market value ($6,490,876 land vs $105,979,124 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $112,470,000, 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 +1496.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $116,797,011,046,916 by 2030, with an estimated annual tax burden around $3,412,099. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 372,075 SF | ✓ |
Market value changed by 330% in 2024, 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% | $1,040,572.44 | $1,040,572.44 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $589,361.92 | $589,361.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $422,712.87 | $422,712.87 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $132,740.47 | $132,740.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $116,293.98 | $116,293.98 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $2,301,681.68 | $2,301,681.68 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $97,980,000 | $112,470,000 | -12.9% |
| Assessed Value | $97,980,000 | $112,470,000 | -12.9% |
| Land Value | $6,490,876 | $6,490,876 | +0.0% |
| Improvement Value | $91,489,124 | $105,979,124 | -13.7% |
| Taxable Value | $97,980,000 | $112,470,000 | -12.9% |
| Total Tax 2026 = estimate |
~$2,005,146
Estimated
|
~$2,301,682
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $97,980,000 | $97,980,000 | +0 (+0.0%) |
| Taxable Value | $97,980,000 | $97,980,000 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $97,980,000 | $6,490,876 | $91,489,124 | — | $97,980,000 | $97,980,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $112,470,000 | $6,490,876 | $105,979,124 | — | $112,470,000 | $112,470,000 | ~$2,301,682 | Partial |
| 2024 | $7,043,000 | — | — | −$552,124 | $6,490,876 | $— | $692,087 | Verified |
| 2023 | $— | — | — | — | $6,490,876 | $— | $128,493 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.9% | -12.9% | ~100% | Not available | Partial |
| 2025 | +222.1% ! | +222.1% | ~100% | Not available | Partial |
| 2024 | +329.8% ! | +329.8% | ~100% | 1.9800% | Verified |
| 2023 | base year | — | ~100% | 1.5800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1284.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.9% | +742.0% | +1544.1% | +1496.9% | 2025 | -12.9% | 2026 |
| Assessment Ratio | 100.0% | 97.4% | — | 100.0% | 2025 | 92.2% | 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 |
$2,301,682 | $1,496,884 | ~$2,934,599 | $2,301,682 | 2025 | $692,087 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,796,038,748 | ~$123,717,000 | ~2.0139% | ~$2,491,582 | +1496.9% |
| 2027 | ~$28,681,027,680 | ~$136,088,700 | ~1.9814% | ~$2,696,445 | +25401.0% |
| 2028 | ~$458,008,687,096 | ~$149,697,570 | ~1.9488% | ~$2,917,365 | +407127.4% |
| 2029 | ~$7,313,962,379,332 | ~$164,667,327 | ~1.9163% | ~$3,155,505 | +6502934.0% |
| 2030 | ~$116,797,011,046,916 | ~$181,134,060 | ~1.8837% | ~$3,412,099 | +103847158.0% |
| 2026 | ~$1,793,789,348 | ~$123,717,000 | ~2.0465% | ~$2,531,850 | +1494.9% |
| 2027 | ~$28,609,231,118 | ~$136,088,700 | ~2.0465% | ~$2,785,035 | +25337.2% |
| 2028 | ~$456,289,979,781 | ~$149,697,570 | ~2.0465% | ~$3,063,538 | +405599.3% |
| 2029 | ~$7,277,390,461,375 | ~$164,667,327 | ~2.0465% | ~$3,369,892 | +6470417.0% |
| 2030 | ~$116,067,444,550,686 | ~$181,134,060 | ~2.0465% | ~$3,706,881 | +103198481.4% |
| 2026 | ~$1,798,288,148 | ~$123,717,000 | ~1.9977% | ~$2,471,448 | +1498.9% |
| 2027 | ~$28,752,914,218 | ~$136,088,700 | ~1.9488% | ~$2,652,150 | +25465.0% |
| 2028 | ~$459,731,704,903 | ~$149,697,570 | ~1.9000% | ~$2,844,279 | +408659.4% |
| 2029 | ~$7,350,671,966,257 | ~$164,667,327 | ~1.8512% | ~$3,048,312 | +6535573.5% |
| 2030 | ~$117,530,241,615,517 | ~$181,134,060 | ~1.8024% | ~$3,264,708 | +104499092.3% |
In 2025, this property's market value of $112,470,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 216× 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 | $112,470,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $7,043,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | — | $503,905 | $617,035 | $919,932 | — | +0.9% |
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.