5623 WOODROW AVE AUSTIN, TX 78756
| Owner | SPEARHEAD BRENTWOOD LLC |
|---|---|
| Parcel ID | 0228060824 |
| Short ID | 228856 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 12,400 SF |
| Land SF | 27,861 SF |
| Acres | 0.640 |
| Year Built | 1971 |
| Legal | LOT 1A & 2A BLK 15 *RESUB LOT 1-2 BROADACRES |
| Neighborhood | 05NC |
| Land | $1,393,050 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,393,050 |
| Improvement | $2,727,750 |
|---|---|
| Total Improvement | $2,727,750 |
| Market | $4,120,800 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,120,800 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $4,120,800 |
| Taxable Value | $4,120,800 |
|---|
Appreciation: Market value has risen +30.3% from $3,162,000 (2021) to $4,120,800 (2025), a CAGR of 6.8% 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 $84,332. 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 34% of market value ($1,393,050 land vs $2,727,750 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 $4,120,800, 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 +6.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,737,942 by 2030, with an estimated annual tax burden around $108,088. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 12,681 SF | ✗ |
| 1ST | 1st Floor | 6,200 SF | ✓ |
| 2ND | 2nd Floor | 6,200 SF | ✓ |
| 591 | MASONRY TRIM SF | 3,300 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 992 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 992 SF | ✗ |
| 601 | POOL COMM'L | 600 SF | ✗ |
| 581C | STORAGE ATT COMM | 80 SF | ✓ |
| 132 | PLBG 5-FIXT AVG | 2 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 2 SF | ✓ |
| 413 | STAIRWAY EXT | 2 SF | ✓ |
| 531 | OBS FENCE | 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% | $38,125.64 | $38,125.64 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $21,593.69 | $21,593.69 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $15,487.82 | $15,487.82 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,863.49 | $4,863.49 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $4,260.91 | $4,260.91 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $84,331.55 | $84,331.55 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $4,060,200 | $4,120,800 | -1.5% |
| Assessed Value | $4,060,200 | $4,120,800 | -1.5% |
| Land Value | $1,393,050 | $1,393,050 | +0.0% |
| Improvement Value | $2,667,150 | $2,727,750 | -2.2% |
| Taxable Value | $4,060,200 | $4,120,800 | -1.5% |
| Total Tax 2026 = estimate |
~$83,091
Estimated
|
~$84,332
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $4,060,200 | $4,060,200 | +0 (+0.0%) |
| Taxable Value | $4,060,200 | $4,060,200 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $4,060,200 | $1,393,050 | $2,667,150 | — | $4,060,200 | $4,060,200 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,120,800 | $1,393,050 | $2,727,750 | — | $4,120,800 | $4,120,800 | ~$84,332 | Partial |
| 2024 | $3,596,000 | — | — | −$2,202,950 | $1,393,050 | $— | $76,181 | Verified |
| 2023 | $3,286,000 | — | — | −$1,892,950 | $1,393,050 | $— | $65,061 | Verified |
| 2022 | $3,131,000 | — | — | −$1,737,950 | $1,393,050 | $— | $64,896 | Verified |
| 2021 | $3,162,000 | — | — | −$1,768,950 | $1,393,050 | $— | $68,152 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -1.5% | -1.5% | ~100% | Not available | Partial |
| 2025 | +7.2% | +7.2% | ~100% | Not available | Partial |
| 2024 | +6.9% | +6.9% | ~100% | 1.9800% | Verified |
| 2023 | +9.4% | +9.4% | ~100% | 1.8100% | Verified |
| 2022 | +3.9% | +3.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +30.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.5% | +5.3% | +7.2% | +14.6% | 2025 | -1.5% | 2026 |
| Assessment Ratio | 100.0% | 61.6% | — | 100.0% | 2025 | 38.7% | 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 |
$84,332 | $71,724 | ~$98,167 | $84,332 | 2025 | $64,896 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,402,876 | ~$4,402,876 | ~2.0139% | ~$88,671 | +6.8% |
| 2027 | ~$4,704,261 | ~$4,704,261 | ~1.9814% | ~$93,210 | +14.2% |
| 2028 | ~$5,026,276 | ~$5,026,276 | ~1.9488% | ~$97,954 | +22.0% |
| 2029 | ~$5,370,333 | ~$5,370,333 | ~1.9163% | ~$102,911 | +30.3% |
| 2030 | ~$5,737,942 | ~$5,737,942 | ~1.8837% | ~$108,088 | +39.2% |
| 2026 | ~$4,320,460 | ~$4,320,460 | ~2.0465% | ~$88,418 | +4.8% |
| 2027 | ~$4,529,794 | ~$4,529,794 | ~2.0465% | ~$92,702 | +9.9% |
| 2028 | ~$4,749,270 | ~$4,749,270 | ~2.0465% | ~$97,193 | +15.3% |
| 2029 | ~$4,979,381 | ~$4,979,381 | ~2.0465% | ~$101,902 | +20.8% |
| 2030 | ~$5,220,641 | ~$5,220,641 | ~2.0465% | ~$106,840 | +26.7% |
| 2026 | ~$4,485,292 | ~$4,485,292 | ~1.9977% | ~$89,601 | +8.8% |
| 2027 | ~$4,882,024 | ~$4,882,024 | ~1.9488% | ~$95,143 | +18.5% |
| 2028 | ~$5,313,848 | ~$5,313,848 | ~1.9000% | ~$100,964 | +29.0% |
| 2029 | ~$5,783,867 | ~$5,783,867 | ~1.8512% | ~$107,071 | +40.4% |
| 2030 | ~$6,295,460 | ~$6,295,460 | ~1.8024% | ~$113,468 | +52.8% |
In 2025, this property's market value of $4,120,800 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 8× 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 | $4,120,800 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $3,596,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $3,286,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $3,131,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,162,000 | $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.