5008 ROWENA ST TX 78751
| Owner | HAMRIC DARRELL H REVOCABLE TRUST |
|---|---|
| Parcel ID | 0223080105 |
| Short ID | 221387 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,926 SF |
| Land SF | 8,120 SF |
| Acres | 0.186 |
| Year Built | 1985 |
| Legal | S 50FT OF LOT 4 BLK 14 HEGMAN SUBD |
| Neighborhood | Z65005 |
| Land | $608,309 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $608,309 |
| Improvement | $175,849 |
|---|---|
| Total Improvement | $175,849 |
| Market | $784,158 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $784,158 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $784,158 |
| Taxable Value | $784,158 |
|---|
Appreciation: Market value has risen +36.3% from $575,300 (2021) to $784,158 (2025), a CAGR of 8.1% 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 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 $16,048. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 78% of market value ($608,309 land vs $175,849 improvements), about $75/SF of land. With value concentrated in the land under a ~41-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 $784,158, 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 +8.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,154,889 by 2030, with an estimated annual tax burden around $21,755. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,926 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,926 SF | ✗ |
| 581 | STORAGE ATT | 120 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 74 SF | ✗ |
| 512 | DECK UNCOVRED | 60 SF | ✗ |
| SO | Sketch Only | 60 SF | ✗ |
| 251 | BATHROOM | 2 SF | ✓ |
| 522 | FIREPLACE | 2 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% | $7,255.03 | $7,255.03 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,109.12 | $4,109.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,947.22 | $2,947.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $925.49 | $925.49 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $810.82 | $810.82 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $16,047.68 | $16,047.68 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $757,204 | $784,158 | -3.4% |
| Assessed Value | $757,204 | $784,158 | -3.4% |
| Land Value | $380,166 | $608,309 | -37.5% |
| Improvement Value | $377,038 | $175,849 | +114.4% |
| Taxable Value | $757,204 | $784,158 | -3.4% |
| Total Tax 2026 = estimate |
~$15,496
Estimated
|
~$16,048
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $757,204 | $757,204 | +0 (+0.0%) |
| Taxable Value | $757,204 | $757,204 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $757,204 | $380,166 | $377,038 | — | $757,204 | $757,204 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $784,158 | $608,309 | $175,849 | — | $784,158 | $784,158 | ~$16,048 | Partial |
| 2024 | $720,917 | — | — | −$115,917 | $605,000 | $— | $17,119 | Verified |
| 2023 | $769,872 | — | — | −$164,872 | $605,000 | $— | $13,043 | Verified |
| 2022 | $605,859 | — | — | −$859 | $605,000 | $— | $15,204 | Verified |
| 2021 | $575,300 | — | — | −$190,300 | $385,000 | $— | $13,188 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.4% | -3.4% | ~100% | Not available | Partial |
| 2025 | -9.2% | -9.2% | ~100% | Not available | Partial |
| 2024 | +19.8% | +19.8% | ~100% | 1.9800% | Verified |
| 2023 | -6.4% | -6.4% | ~100% | 1.8100% | Verified |
| 2022 | +27.1% | +27.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +29.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.4% | +6.3% | +8.8% | +27.1% | 2023 | -6.4% | 2024 |
| Assessment Ratio | 100.0% | 88.2% | — | 100.0% | 2025 | 66.9% | 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 |
$16,048 | $14,920 | ~$19,344 | $17,119 | 2024 | $13,043 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$847,288 | ~$847,288 | ~2.0139% | ~$17,064 | +8.1% |
| 2027 | ~$915,500 | ~$915,500 | ~1.9814% | ~$18,140 | +16.7% |
| 2028 | ~$989,203 | ~$989,203 | ~1.9488% | ~$19,278 | +26.1% |
| 2029 | ~$1,068,840 | ~$1,068,840 | ~1.9163% | ~$20,482 | +36.3% |
| 2030 | ~$1,154,889 | ~$1,154,889 | ~1.8837% | ~$21,755 | +47.3% |
| 2026 | ~$831,604 | ~$831,604 | ~2.0465% | ~$17,019 | +6.1% |
| 2027 | ~$881,922 | ~$881,922 | ~2.0465% | ~$18,048 | +12.5% |
| 2028 | ~$935,284 | ~$935,284 | ~2.0465% | ~$19,140 | +19.3% |
| 2029 | ~$991,874 | ~$991,874 | ~2.0465% | ~$20,299 | +26.5% |
| 2030 | ~$1,051,889 | ~$1,051,889 | ~2.0465% | ~$21,527 | +34.1% |
| 2026 | ~$862,971 | ~$862,574 | ~1.9977% | ~$17,231 | +10.1% |
| 2027 | ~$949,705 | ~$948,831 | ~1.9488% | ~$18,491 | +21.1% |
| 2028 | ~$1,045,156 | ~$1,043,714 | ~1.9000% | ~$19,831 | +33.3% |
| 2029 | ~$1,150,201 | ~$1,148,086 | ~1.8512% | ~$21,253 | +46.7% |
| 2030 | ~$1,265,803 | ~$1,262,894 | ~1.8024% | ~$22,762 | +61.4% |
In 2025, this property's market value of $784,158 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +51% 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 | $784,158 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $720,917 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $769,872 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $605,859 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $575,300 | $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.