5608 WOODROW AVE TX 78756
| Owner | B AND L BURSON LLC |
|---|---|
| Parcel ID | 0228060702 |
| Short ID | 228796 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 9,736 SF |
| Land SF | 12,525 SF |
| Acres | 0.288 |
| Year Built | 1971 |
| Legal | LOT 16 & S 25FT OF LOT 15 BLK 12 LESS E 15FT BROADACRES |
| Neighborhood | 05NC |
| Land | $626,250 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $626,250 |
| Improvement | $1,533,750 |
|---|---|
| Total Improvement | $1,533,750 |
| Market | $2,160,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,160,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,160,000 |
| Taxable Value | $2,160,000 |
|---|
Appreciation: Market value has risen +27.7% from $1,690,944 (2021) to $2,160,000 (2025), a CAGR of 6.3% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $44,204. 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 29% of market value ($626,250 land vs $1,533,750 improvements), about $50/SF of land. Most value sits in the improvements, so building condition, age (~55 yrs), and rent roll drive the underwriting.
Submarket Position: At $2,160,000, 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 +6.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,933,320 by 2030, with an estimated annual tax burden around $55,256. 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.
14 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,488 SF | ✗ |
| 1ST | 1st Floor | 5,224 SF | ✓ |
| 2ND | 2nd Floor | 4,512 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 1,714 SF | ✗ |
| SO | Sketch Only | 1,572 SF | ✗ |
| 511 | DECK | 836 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 810 SF | ✗ |
| 611 | TERRACE | 532 SF | ✗ |
| 581C | STORAGE ATT COMM | 204 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 1 SF | ✗ |
| 521 | FIREPLACE | 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% | $19,984.32 | $19,984.32 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $11,318.77 | $11,318.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,118.25 | $8,118.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,549.30 | $2,549.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,233.44 | $2,233.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $44,204.08 | $44,204.08 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,190,000 | $2,160,000 | +1.4% |
| Assessed Value | $2,190,000 | $2,160,000 | +1.4% |
| Land Value | $626,250 | $626,250 | +0.0% |
| Improvement Value | $1,563,750 | $1,533,750 | +2.0% |
| Taxable Value | $2,190,000 | $2,160,000 | +1.4% |
| Total Tax 2026 = estimate |
~$44,818
Estimated
|
~$44,204
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,580,040 | $2,190,000 | -390,040 (-15.1%) |
| Taxable Value | $2,580,040 | $2,190,000 | -390,040 (-15.1%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,190,000 | $626,250 | $1,563,750 | — | $2,190,000 | $2,190,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,160,000 | $626,250 | $1,533,750 | — | $2,160,000 | $2,160,000 | ~$44,204 | Partial |
| 2024 | $2,055,360 | — | — | −$1,429,110 | $626,250 | $— | $44,378 | Verified |
| 2023 | $1,943,088 | — | — | −$1,316,838 | $626,250 | $— | $37,187 | Verified |
| 2022 | $1,776,820 | — | — | −$1,150,570 | $626,250 | $— | $38,374 | Verified |
| 2021 | $1,690,944 | — | — | −$1,064,694 | $626,250 | $— | $38,676 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +19.4% | +19.4% | ~100% | Not available | Partial |
| 2025 | -3.5% | -3.5% | ~100% | Not available | Partial |
| 2024 | +8.9% | +8.9% | ~100% | 1.9800% | Verified |
| 2023 | +5.8% | +5.8% | ~100% | 1.8100% | Verified |
| 2022 | +7.9% | +7.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +19.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.4% | +5.4% | +6.0% | +9.4% | 2023 | +1.4% | 2026 |
| Assessment Ratio | 100.0% | 55.8% | — | 100.0% | 2025 | 30.5% | 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 |
$44,204 | $40,564 | ~$50,665 | $44,378 | 2024 | $37,187 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,296,333 | ~$2,296,333 | ~2.0139% | ~$46,247 | +6.3% |
| 2027 | ~$2,441,271 | ~$2,441,271 | ~1.9814% | ~$48,371 | +13.0% |
| 2028 | ~$2,595,357 | ~$2,595,357 | ~1.9488% | ~$50,579 | +20.2% |
| 2029 | ~$2,759,169 | ~$2,759,169 | ~1.9163% | ~$52,874 | +27.7% |
| 2030 | ~$2,933,320 | ~$2,933,320 | ~1.8837% | ~$55,256 | +35.8% |
| 2026 | ~$2,253,133 | ~$2,253,133 | ~2.0465% | ~$46,110 | +4.3% |
| 2027 | ~$2,350,282 | ~$2,350,282 | ~2.0465% | ~$48,098 | +8.8% |
| 2028 | ~$2,451,619 | ~$2,451,619 | ~2.0465% | ~$50,172 | +13.5% |
| 2029 | ~$2,557,326 | ~$2,557,326 | ~2.0465% | ~$52,335 | +18.4% |
| 2030 | ~$2,667,591 | ~$2,667,591 | ~2.0465% | ~$54,592 | +23.5% |
| 2026 | ~$2,339,533 | ~$2,339,533 | ~1.9977% | ~$46,736 | +8.3% |
| 2027 | ~$2,533,988 | ~$2,533,988 | ~1.9488% | ~$49,383 | +17.3% |
| 2028 | ~$2,744,606 | ~$2,744,606 | ~1.9000% | ~$52,148 | +27.1% |
| 2029 | ~$2,972,730 | ~$2,972,730 | ~1.8512% | ~$55,031 | +37.6% |
| 2030 | ~$3,219,815 | ~$3,219,815 | ~1.8024% | ~$58,033 | +49.1% |
In 2025, this property's market value of $2,160,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× 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 | $2,160,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,055,360 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,943,088 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,776,820 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,690,944 | $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.