9052 GALEWOOD DR AUSTIN, TX 78758
| Owner | HANKSAM & SONS LLC |
|---|---|
| Parcel ID | 0243100108 |
| Short ID | 248718 |
| Type | Real |
| Use Code | 88 Treatment / Rehab Center |
| Valuation | Cost |
| Improvement SF | 27,492 SF |
| Land SF | 89,992 SF |
| Acres | 2.066 |
| Year Built | 1977 |
| Legal | LOT A-1 QUAIL CREEK SEC 6 1ST RESUB |
| Neighborhood | 89ALC |
| Land | $1,349,880 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,349,880 |
| Improvement | $229,942 |
|---|---|
| Total Improvement | $229,942 |
| Market | $1,579,822 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,579,822 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,579,822 |
| Taxable Value | $1,579,822 |
|---|
Appreciation: Market value has risen +18436.0% from $8,523 (2021) to $1,579,822 (2025), a CAGR of 269.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 $32,331. 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 85% of market value ($1,349,880 land vs $229,942 improvements), about $15/SF of land. With value concentrated in the land under a ~49-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 $1,579,822, 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 +269.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,080,507,395 by 2030, with an estimated annual tax burden around $47,928. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 27,492 SF | ✓ |
| 551 | PAVED AREA | 26,775 SF | ✗ |
| 491 | SPRINKLER HEADS | 26,468 SF | ✗ |
| 571C | STORAGE DET COMM | 1,120 SF | ✓ |
| 093 | HVAC COMMRCL SF | 1,024 SF | ✗ |
| 611 | TERRACE | 972 SF | ✗ |
| 501 | CANOPY | 816 SF | ✗ |
| 051C | CARPORT DET 1ST COMM | 360 SF | ✗ |
| 512C | DECK UNCOVRED COMM | 100 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% | $14,616.51 | $14,616.51 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,278.54 | $8,278.54 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $5,937.68 | $5,937.68 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,864.55 | $1,864.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,633.54 | $1,633.54 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $32,330.82 | $32,330.82 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,579,822 | $1,579,822 | +0.0% |
| Assessed Value | $1,579,822 | $1,579,822 | +0.0% |
| Land Value | $1,349,880 | $1,349,880 | +0.0% |
| Improvement Value | $229,942 | $229,942 | +0.0% |
| Taxable Value | $1,579,822 | $1,579,822 | +0.0% |
| Total Tax 2026 = estimate |
~$32,331
Estimated
|
~$32,331
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,579,822 | $1,579,822 | +0 (+0.0%) |
| Taxable Value | $1,579,822 | $1,579,822 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,579,822 | $1,349,880 | $229,942 | — | $1,579,822 | $1,579,822 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,579,822 | $1,349,880 | $229,942 | — | $1,579,822 | $1,579,822 | ~$32,331 | Partial |
| 2024 | $1,579,822 | — | — | — | — | $— | $31,309 | Verified |
| 2023 | $1,587,750 | — | — | — | — | $— | $28,583 | Verified |
| 2022 | $2,688,002 | — | — | — | — | $— | $31,357 | Verified |
| 2021 | $8,523 | — | — | — | — | $— | $58,509 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +0.0% | +0.0% | ~100% | 1.9800% | Verified |
| 2023 | -0.5% | -0.5% | ~100% | 1.8100% | Verified |
| 2022 | -40.9% | -40.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -41.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +6279.4% | +269.0% | +31438.2% | 2022 | -40.9% | 2023 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| 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 |
$32,331 | $36,418 | ~$41,221 | $58,509 | 2021 | $28,583 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$5,829,242 | ~$1,737,804 | ~2.0139% | ~$34,998 | +269.0% |
| 2027 | ~$21,508,791 | ~$1,911,585 | ~1.9814% | ~$37,876 | +1261.5% |
| 2028 | ~$79,363,335 | ~$2,102,743 | ~1.9488% | ~$40,979 | +4923.6% |
| 2029 | ~$292,835,569 | ~$2,313,017 | ~1.9163% | ~$44,324 | +18436.0% |
| 2030 | ~$1,080,507,395 | ~$2,544,319 | ~1.8837% | ~$47,928 | +68294.2% |
| 2026 | ~$5,797,645 | ~$1,737,804 | ~2.0465% | ~$35,564 | +267.0% |
| 2027 | ~$21,276,253 | ~$1,911,585 | ~2.0465% | ~$39,120 | +1246.8% |
| 2028 | ~$78,079,790 | ~$2,102,743 | ~2.0465% | ~$43,032 | +4842.3% |
| 2029 | ~$286,537,937 | ~$2,313,017 | ~2.0465% | ~$47,336 | +18037.4% |
| 2030 | ~$1,051,539,575 | ~$2,544,319 | ~2.0465% | ~$52,069 | +66460.6% |
| 2026 | ~$5,860,838 | ~$1,737,804 | ~1.9977% | ~$34,715 | +271.0% |
| 2027 | ~$21,742,592 | ~$1,911,585 | ~1.9488% | ~$37,254 | +1276.3% |
| 2028 | ~$80,660,870 | ~$2,102,743 | ~1.9000% | ~$39,952 | +5005.7% |
| 2029 | ~$299,236,443 | ~$2,313,017 | ~1.8512% | ~$42,818 | +18841.1% |
| 2030 | ~$1,110,110,130 | ~$2,544,319 | ~1.8024% | ~$45,858 | +70168.1% |
In 2025, this property's market value of $1,579,822 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 3× 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 | $1,579,822 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,579,822 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,587,750 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,688,002 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $8,523 | $300,453 | $376,850 | $539,896 | ↓ Bottom 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.