5600 GROVER AVE TX 78756
| Owner | BARR PAUL T & ILENE TRUST |
|---|---|
| Parcel ID | 0228060907 |
| Short ID | 228859 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 8,760 SF |
| Land SF | 14,517 SF |
| Acres | 0.333 |
| Year Built | 1972 |
| Legal | LOT 7 BLK 16 *LESS E 7.5FT BROADACRES |
| Neighborhood | 05NC |
| Land | $725,850 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $725,850 |
| Improvement | $1,194,150 |
|---|---|
| Total Improvement | $1,194,150 |
| Market | $1,920,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,920,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,920,000 |
| Taxable Value | $1,920,000 |
|---|
Appreciation: Market value has risen +32.8% from $1,445,400 (2021) to $1,920,000 (2025), a CAGR of 7.4% 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 $39,293. 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 38% of market value ($725,850 land vs $1,194,150 improvements), about $50/SF of land. Most value sits in the improvements, so building condition, age (~54 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,920,000, 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 +7.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,738,058 by 2030, with an estimated annual tax burden around $51,578. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 8,824 SF | ✗ |
| 1ST | 1st Floor | 4,380 SF | ✓ |
| 2ND | 2nd Floor | 4,380 SF | ✓ |
| 551 | PAVED AREA | 3,465 SF | ✗ |
| 591 | MASONRY TRIM SF | 1,425 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 768 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 704 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 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% | $17,763.84 | $17,763.84 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,061.13 | $10,061.13 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,216.22 | $7,216.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,266.04 | $2,266.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,985.28 | $1,985.28 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $39,292.51 | $39,292.51 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,850,000 | $1,920,000 | -3.6% |
| Assessed Value | $1,850,000 | $1,920,000 | -3.6% |
| Land Value | $725,850 | $725,850 | +0.0% |
| Improvement Value | $1,124,150 | $1,194,150 | -5.9% |
| Taxable Value | $1,850,000 | $1,920,000 | -3.6% |
| Total Tax 2026 = estimate |
~$37,860
Estimated
|
~$39,293
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,233,800 | $1,850,000 | -383,800 (-17.2%) |
| Taxable Value | $2,233,800 | $1,850,000 | -383,800 (-17.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,850,000 | $725,850 | $1,124,150 | — | $1,850,000 | $1,850,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,920,000 | $725,850 | $1,194,150 | — | $1,920,000 | $1,920,000 | ~$39,293 | Partial |
| 2024 | $1,839,600 | — | — | −$1,113,750 | $725,850 | $— | $38,194 | Verified |
| 2023 | $1,708,200 | — | — | −$982,350 | $725,850 | $— | $33,283 | Verified |
| 2022 | $1,480,000 | — | — | −$754,150 | $725,850 | $— | $33,736 | Verified |
| 2021 | $1,445,400 | — | — | −$719,550 | $725,850 | $— | $32,215 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.3% | +16.3% | ~100% | Not available | Partial |
| 2025 | -0.4% | -0.4% | ~100% | Not available | Partial |
| 2024 | +4.8% | +4.8% | ~100% | 1.9800% | Verified |
| 2023 | +7.7% | +7.7% | ~100% | 1.8100% | Verified |
| 2022 | +11.4% | +11.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.6% | +5.3% | +8.2% | +15.4% | 2023 | -3.6% | 2026 |
| Assessment Ratio | 100.0% | 63.5% | — | 100.0% | 2025 | 39.5% | 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 |
$39,293 | $35,344 | ~$46,422 | $39,293 | 2025 | $32,215 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,061,245 | ~$2,061,245 | ~2.0139% | ~$41,512 | +7.4% |
| 2027 | ~$2,212,880 | ~$2,212,880 | ~1.9814% | ~$43,846 | +15.3% |
| 2028 | ~$2,375,670 | ~$2,375,670 | ~1.9488% | ~$46,298 | +23.7% |
| 2029 | ~$2,550,436 | ~$2,550,436 | ~1.9163% | ~$48,874 | +32.8% |
| 2030 | ~$2,738,058 | ~$2,738,058 | ~1.8837% | ~$51,578 | +42.6% |
| 2026 | ~$2,022,845 | ~$2,022,845 | ~2.0465% | ~$41,397 | +5.4% |
| 2027 | ~$2,131,198 | ~$2,131,198 | ~2.0465% | ~$43,615 | +11.0% |
| 2028 | ~$2,245,355 | ~$2,245,355 | ~2.0465% | ~$45,951 | +16.9% |
| 2029 | ~$2,365,628 | ~$2,365,628 | ~2.0465% | ~$48,412 | +23.2% |
| 2030 | ~$2,492,342 | ~$2,492,342 | ~2.0465% | ~$51,005 | +29.8% |
| 2026 | ~$2,099,645 | ~$2,099,645 | ~1.9977% | ~$41,944 | +9.4% |
| 2027 | ~$2,296,098 | ~$2,296,098 | ~1.9488% | ~$44,747 | +19.6% |
| 2028 | ~$2,510,932 | ~$2,510,932 | ~1.9000% | ~$47,708 | +30.8% |
| 2029 | ~$2,745,867 | ~$2,745,867 | ~1.8512% | ~$50,831 | +43.0% |
| 2030 | ~$3,002,783 | ~$3,002,783 | ~1.8024% | ~$54,121 | +56.4% |
In 2025, this property's market value of $1,920,000 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 | $1,920,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,839,600 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,708,200 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,480,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,445,400 | $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.