5002 ROWENA AVE TX 78751
| Owner | BILHEIMER HILLARY & CHRIS |
|---|---|
| Parcel ID | 0223080109 |
| Short ID | 221390 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,200 SF |
| Land SF | 7,977 SF |
| Acres | 0.183 |
| Year Built | 1950 |
| Legal | LOT 1 BLK 14 N 14FT OF LOT 2 BLK 14 S 34FT OF HEGMAN SUBD |
| Neighborhood | Z65005 |
| Land | $603,738 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $603,738 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $588,098 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $588,098 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $588,098 |
| Taxable Value | $588,098 |
|---|
Appreciation: Market value has risen +38.4% from $424,888 (2021) to $588,098 (2025), a CAGR of 8.5% 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 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 $12,035. 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 103% of market value ($603,738 land vs $0 improvements), about $76/SF of land. With value concentrated in the land under a ~76-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 $588,098, this parcel sits in the upper-middle (50th–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 +8.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $882,915 by 2030, with an estimated annual tax burden around $16,632. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,200 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 192 SF | ✗ |
| 512 | DECK UNCOVRED | 20 SF | ✗ |
| 251 | BATHROOM | 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% | $5,441.08 | $5,441.08 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,081.73 | $3,081.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,210.34 | $2,210.34 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $694.09 | $694.09 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $608.09 | $608.09 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $12,035.33 | $12,035.33 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $471,389 | $588,098 | -19.8% |
| Assessed Value | $471,389 | $588,098 | -19.8% |
| Land Value | $377,587 | $603,738 | -37.5% |
| Improvement Value | $93,802 | — | — |
| Taxable Value | $471,389 | $588,098 | -19.8% |
| Total Tax 2026 = estimate |
~$9,647
Estimated
|
~$12,035
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $471,389 | $471,389 | +0 (+0.0%) |
| Taxable Value | $471,389 | $471,389 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $471,389 | $377,587 | $93,802 | — | $471,389 | $471,389 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $588,098 | $603,738 | — | — | $588,098 | $588,098 | ~$12,035 | Partial |
| 2024 | $619,962 | — | — | −$42,462 | $577,500 | $— | $12,230 | Verified |
| 2023 | $687,726 | — | — | −$110,226 | $577,500 | $— | $11,217 | Verified |
| 2022 | $509,500 | — | — | — | $577,500 ! | $— | $13,582 | Verified |
| 2021 | $424,888 | — | — | −$57,388 | $367,500 | $— | $11,090 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -19.8% | -19.8% | ~100% | Not available | Partial |
| 2025 | -4.7% | -4.7% | ~100% | Not available | Partial |
| 2024 | -0.5% | -0.5% | ~100% | 1.9800% | Verified |
| 2023 | -16.9% | -16.9% | ~100% | 1.8100% | Verified |
| 2022 | +46.5% | +46.5% | ~100% | 1.8200% | Verified |
| 2021 | base year | — | ~100% | 2.6100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +15.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.8% | +4.0% | +13.8% | +35.0% | 2023 | -19.8% | 2026 |
| Assessment Ratio | 100.0% | 96.2% | — | 113.3% | 2022 | 84.0% | 2023 |
| 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 |
$12,035 | $12,031 | ~$14,682 | $13,582 | 2022 | $11,090 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$637,887 | ~$637,887 | ~2.0139% | ~$12,847 | +8.5% |
| 2027 | ~$691,890 | ~$691,890 | ~1.9814% | ~$13,709 | +17.6% |
| 2028 | ~$750,466 | ~$750,466 | ~1.9488% | ~$14,625 | +27.6% |
| 2029 | ~$814,001 | ~$814,001 | ~1.9163% | ~$15,599 | +38.4% |
| 2030 | ~$882,915 | ~$882,915 | ~1.8837% | ~$16,632 | +50.1% |
| 2026 | ~$626,125 | ~$626,125 | ~2.0465% | ~$12,814 | +6.5% |
| 2027 | ~$666,610 | ~$666,610 | ~2.0465% | ~$13,642 | +13.4% |
| 2028 | ~$709,714 | ~$709,714 | ~2.0465% | ~$14,524 | +20.7% |
| 2029 | ~$755,604 | ~$755,604 | ~2.0465% | ~$15,463 | +28.5% |
| 2030 | ~$804,462 | ~$804,462 | ~2.0465% | ~$16,463 | +36.8% |
| 2026 | ~$649,649 | ~$646,908 | ~1.9977% | ~$12,923 | +10.5% |
| 2027 | ~$717,641 | ~$711,599 | ~1.9488% | ~$13,868 | +22.0% |
| 2028 | ~$792,750 | ~$782,758 | ~1.9000% | ~$14,873 | +34.8% |
| 2029 | ~$875,719 | ~$861,034 | ~1.8512% | ~$15,939 | +48.9% |
| 2030 | ~$967,373 | ~$947,138 | ~1.8024% | ~$17,071 | +64.5% |
In 2025, this property's market value of $588,098 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +13% 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 | $588,098 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $619,962 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $687,726 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $509,500 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $424,888 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.