8929 GALEWOOD DR TX 78758
| Owner | GALEWOOD PARK APARTMENTS LLC |
|---|---|
| Parcel ID | 0243100326 |
| Short ID | 248767 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 5,088 SF |
| Land SF | 15,280 SF |
| Acres | 0.351 |
| Year Built | 1973 |
| Legal | LOT D7 THIRD RESUB OF LT D QUAIL CREEK SEC 6 |
| Neighborhood | 05NO1 |
| Land | $229,200 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $229,200 |
| Improvement | $788,400 |
|---|---|
| Total Improvement | $788,400 |
| Market | $1,017,600 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,017,600 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,017,600 |
| Taxable Value | $1,017,600 |
|---|
Appreciation: Market value has risen +53.8% from $661,440 (2021) to $1,017,600 (2025), a CAGR of 11.4% 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 $20,825. 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 23% of market value ($229,200 land vs $788,400 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~53 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,017,600, 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 +11.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,743,554 by 2030, with an estimated annual tax burden around $30,872. 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 | 5,890 SF | ✗ |
| 1ST | 1st Floor | 2,544 SF | ✓ |
| 2ND | 2nd Floor | 2,544 SF | ✓ |
| 591 | MASONRY TRIM SF | 2,500 SF | ✗ |
| SO | Sketch Only | 1,072 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 656 SF | ✗ |
| 511 | DECK | 416 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 240 SF | ✗ |
| 581C | STORAGE ATT COMM | 54 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% | $8,153.03 | $8,153.03 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,617.73 | $4,617.73 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,312.01 | $3,312.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,040.04 | $1,040.04 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $911.18 | $911.18 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,033.99 | $18,033.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,017,600 | $1,017,600 | +0.0% |
| Assessed Value | $1,017,600 | $1,017,600 | +0.0% |
| Land Value | $229,200 | $229,200 | +0.0% |
| Improvement Value | $788,400 | $788,400 | +0.0% |
| Taxable Value | $1,017,600 | $1,017,600 | +0.0% |
| Total Tax 2026 = estimate |
~$20,825
Estimated
|
~$18,034
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,017,600 | $1,017,600 | +0 (+0.0%) |
| Taxable Value | $1,017,600 | $1,017,600 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,017,600 | $229,200 | $788,400 | — | $1,017,600 | $1,017,600 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,017,600 | $229,200 | $788,400 | — | $1,017,600 | $1,017,600 | ~$18,034 | Partial |
| 2024 | $941,280 | — | — | −$712,080 | $229,200 | $— | $16,845 | Verified |
| 2023 | $864,960 | — | — | −$635,760 | $229,200 | $— | $17,030 | Verified |
| 2022 | $814,080 | — | — | −$584,880 | $229,200 | $— | $17,082 | Verified |
| 2021 | $661,440 | — | — | −$432,240 | $229,200 | $— | $17,720 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +19.7% | +19.7% | ~100% | Not available | Partial |
| 2024 | -9.7% | -9.7% | ~100% | 1.9800% | Verified |
| 2023 | +8.8% | +8.8% | ~100% | 1.8100% | Verified |
| 2022 | +6.2% | +6.2% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +25.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +9.2% | +11.4% | +23.1% | 2022 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 52.3% | — | 100.0% | 2025 | 24.3% | 2024 |
| Effective Tax Rate (2025) | 1.7700% | 1.7700% | — | 1.7700% | 2025 | 1.7700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$18,034 | $17,342 | ~$26,552 | $18,034 | 2025 | $16,845 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,133,310 | ~$1,119,360 | ~2.0139% | ~$22,543 | +11.4% |
| 2027 | ~$1,262,177 | ~$1,231,296 | ~1.9814% | ~$24,397 | +24.0% |
| 2028 | ~$1,405,698 | ~$1,354,426 | ~1.9488% | ~$26,396 | +38.1% |
| 2029 | ~$1,565,538 | ~$1,489,868 | ~1.9163% | ~$28,550 | +53.8% |
| 2030 | ~$1,743,554 | ~$1,638,855 | ~1.8837% | ~$30,872 | +71.3% |
| 2026 | ~$1,112,958 | ~$1,112,958 | ~2.0465% | ~$22,777 | +9.4% |
| 2027 | ~$1,217,252 | ~$1,217,252 | ~2.0465% | ~$24,911 | +19.6% |
| 2028 | ~$1,331,319 | ~$1,331,319 | ~2.0465% | ~$27,245 | +30.8% |
| 2029 | ~$1,456,076 | ~$1,456,076 | ~2.0465% | ~$29,798 | +43.1% |
| 2030 | ~$1,592,523 | ~$1,592,523 | ~2.0465% | ~$32,591 | +56.5% |
| 2026 | ~$1,153,662 | ~$1,119,360 | ~1.9977% | ~$22,361 | +13.4% |
| 2027 | ~$1,307,917 | ~$1,231,296 | ~1.9488% | ~$23,996 | +28.5% |
| 2028 | ~$1,482,797 | ~$1,354,426 | ~1.9000% | ~$25,734 | +45.7% |
| 2029 | ~$1,681,060 | ~$1,489,868 | ~1.8512% | ~$27,580 | +65.2% |
| 2030 | ~$1,905,833 | ~$1,638,855 | ~1.8024% | ~$29,538 | +87.3% |
In 2025, this property's market value of $1,017,600 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +96% above 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 | $1,017,600 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $941,280 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $864,960 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $814,080 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $661,440 | $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.