5605 WOODROW AVE TX 78756
| Owner | SPEARWOOD BRENTWOOD LLC |
|---|---|
| Parcel ID | 0228060822 |
| Short ID | 228854 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 9,245 SF |
| Land SF | 27,868 SF |
| Acres | 0.640 |
| Year Built | 1968 |
| Legal | LOT 4-5 BLK 15 *LESS W 15FT BROADACRES |
| Neighborhood | 05NC |
| Land | $1,393,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,393,400 |
| Improvement | $1,076,600 |
|---|---|
| Total Improvement | $1,076,600 |
| Market | $2,470,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,470,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,470,000 |
| Taxable Value | $2,470,000 |
|---|
Appreciation: Market value has risen +57.2% from $1,571,650 (2021) to $2,470,000 (2025), a CAGR of 12.0% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $50,548. 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 56% of market value ($1,393,400 land vs $1,076,600 improvements), about $50/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,470,000, 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 +12.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,346,337 by 2030, with an estimated annual tax burden around $74,935. 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 | 9,245 SF | ✓ |
| 551 | PAVED AREA | 8,624 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,924 SF | ✗ |
| 601 | POOL COMM'L | 364 SF | ✗ |
| 581C | STORAGE ATT COMM | 285 SF | ✓ |
| SO | Sketch Only | 285 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 531 | OBS FENCE | 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% | $22,852.44 | $22,852.44 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,943.22 | $12,943.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,283.37 | $9,283.37 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,915.17 | $2,915.17 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,553.98 | $2,553.98 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $50,548.18 | $50,548.18 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,541,674 | $2,470,000 | +2.9% |
| Assessed Value | $2,541,674 | $2,470,000 | +2.9% |
| Land Value | $1,393,400 | $1,393,400 | +0.0% |
| Improvement Value | $1,148,274 | $1,076,600 | +6.7% |
| Taxable Value | $2,541,674 | $2,470,000 | +2.9% |
| Total Tax 2026 = estimate |
~$52,015
Estimated
|
~$50,548
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,867,000 | $2,541,674 | -325,326 (-11.3%) |
| Taxable Value | $2,867,000 | $2,541,674 | -325,326 (-11.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,541,674 | $1,393,400 | $1,148,274 | — | $2,541,674 | $2,541,674 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,470,000 | $1,393,400 | $1,076,600 | — | $2,470,000 | $2,470,000 | ~$50,548 | Partial |
| 2024 | $2,256,000 | — | — | −$862,600 | $1,393,400 | $— | $43,778 | Verified |
| 2023 | $2,061,788 | — | — | −$668,388 | $1,393,400 | $— | $40,817 | Verified |
| 2022 | $2,058,141 | — | — | −$664,741 | $1,393,400 | $— | $40,719 | Verified |
| 2021 | $1,571,650 | — | — | −$178,250 | $1,393,400 | $— | $44,799 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.1% | +16.1% | ~100% | Not available | Partial |
| 2025 | +11.8% | +11.8% | ~100% | Not available | Partial |
| 2024 | -2.1% | -2.1% | ~100% | 1.9800% | Verified |
| 2023 | +9.4% | +9.4% | ~100% | 1.8100% | Verified |
| 2022 | -10.8% | -10.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.8500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +6.9% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.9% | +10.6% | +11.3% | +31.0% | 2022 | +0.2% | 2023 |
| Assessment Ratio | 100.0% | 81.0% | — | 100.0% | 2025 | 61.8% | 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 |
$50,548 | $44,132 | ~$64,448 | $50,548 | 2025 | $40,719 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,765,555 | ~$2,717,000 | ~2.0139% | ~$54,719 | +12.0% |
| 2027 | ~$3,096,475 | ~$2,988,700 | ~1.9814% | ~$59,218 | +25.4% |
| 2028 | ~$3,466,992 | ~$3,287,570 | ~1.9488% | ~$64,069 | +40.4% |
| 2029 | ~$3,881,844 | ~$3,616,327 | ~1.9163% | ~$69,299 | +57.2% |
| 2030 | ~$4,346,337 | ~$3,977,960 | ~1.8837% | ~$74,935 | +76.0% |
| 2026 | ~$2,716,155 | ~$2,716,155 | ~2.0465% | ~$55,586 | +10.0% |
| 2027 | ~$2,986,840 | ~$2,986,840 | ~2.0465% | ~$61,125 | +20.9% |
| 2028 | ~$3,284,502 | ~$3,284,502 | ~2.0465% | ~$67,217 | +33.0% |
| 2029 | ~$3,611,828 | ~$3,611,828 | ~2.0465% | ~$73,916 | +46.2% |
| 2030 | ~$3,971,775 | ~$3,971,775 | ~2.0465% | ~$81,282 | +60.8% |
| 2026 | ~$2,814,955 | ~$2,717,000 | ~1.9977% | ~$54,276 | +14.0% |
| 2027 | ~$3,208,085 | ~$2,988,700 | ~1.9488% | ~$58,245 | +29.9% |
| 2028 | ~$3,656,119 | ~$3,287,570 | ~1.9000% | ~$62,464 | +48.0% |
| 2029 | ~$4,166,724 | ~$3,616,327 | ~1.8512% | ~$66,945 | +68.7% |
| 2030 | ~$4,748,639 | ~$3,977,960 | ~1.8024% | ~$71,698 | +92.3% |
In 2025, this property's market value of $2,470,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 5× 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 | $2,470,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,256,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,061,788 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,058,141 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,571,650 | $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.