8615 ROCKWOOD LN TX 78757
| Owner | ROCKWOOD HOLDINGS LLC |
|---|---|
| Parcel ID | 0244071204 |
| Short ID | 250017 |
| Type | Real |
| Use Code | 07 Apartment 50–100 Units |
| Valuation | Income |
| Improvement SF | 68,991 SF |
| Land SF | 152,896 SF |
| Acres | 3.510 |
| Year Built | 1983 |
| Legal | LOT 1-A * 2ND RESUB TRT 2 GRAMERCY PARK |
| Neighborhood | 08NC1 |
| Land | $6,115,840 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,115,840 |
| Improvement | $7,134,160 |
|---|---|
| Total Improvement | $7,134,160 |
| Market | $13,250,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $13,250,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $13,250,000 |
| Taxable Value | $13,250,000 |
|---|
Appreciation: Market value has risen +26.7% from $10,460,000 (2021) to $13,250,000 (2025), a CAGR of 6.1% 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 $271,159. 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 46% of market value ($6,115,840 land vs $7,134,160 improvements), about $40/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $13,250,000, 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 +6.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $17,806,195 by 2030, with an estimated annual tax burden around $335,423. 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.
21 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 69,722 SF | ✗ |
| 3RD | 3rd Floor | 23,228 SF | ✓ |
| 1ST | 1st Floor | 22,925 SF | ✓ |
| 2ND | 2nd Floor | 22,838 SF | ✓ |
| 591 | MASONRY TRIM SF | 10,000 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 5,859 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 4,081 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 3,691 SF | ✗ |
| 541 | FENCE COMM LF | 1,044 SF | ✗ |
| 571C | STORAGE DET COMM | 825 SF | ✓ |
| 601 | POOL COMM'L | 800 SF | ✗ |
| 581C | STORAGE ATT COMM | 750 SF | ✓ |
| 511 | DECK | 378 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 276 | ELEVATOR COM PAS | 1 SF | ✓ |
| 449 | SPA | 1 SF | ✗ |
| 519 | DECK UNCOVRED FV | 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% | $117,963.00 | $117,963.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $66,812.17 | $66,812.17 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $47,920.24 | $47,920.24 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $15,047.93 | $15,047.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $13,183.50 | $13,183.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $260,926.84 | $260,926.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $12,000,000 | $13,250,000 | -9.4% |
| Assessed Value | $12,000,000 | $13,250,000 | -9.4% |
| Land Value | $6,115,840 | $6,115,840 | +0.0% |
| Improvement Value | $5,884,160 | $7,134,160 | -17.5% |
| Taxable Value | $12,000,000 | $13,250,000 | -9.4% |
| Total Tax 2026 = estimate |
~$245,578
Estimated
|
~$260,927
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $12,429,485 | $12,000,000 | -429,485 (-3.5%) |
| Taxable Value | $12,429,485 | $12,000,000 | -429,485 (-3.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $12,000,000 | $6,115,840 | $5,884,160 | — | $12,000,000 | $12,000,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $13,250,000 | $6,115,840 | $7,134,160 | — | $13,250,000 | $13,250,000 | ~$260,927 | Partial |
| 2024 | $13,300,000 | — | — | −$7,184,160 | $6,115,840 | $— | $267,545 | Verified |
| 2023 | $12,300,000 | — | — | −$6,184,160 | $6,115,840 | $— | $242,158 | Verified |
| 2022 | $10,860,000 | — | — | −$4,744,160 | $6,115,840 | $— | $243,814 | Verified |
| 2021 | $10,460,000 | — | — | −$4,344,160 | $6,115,840 | $— | $236,387 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -6.2% | -6.2% | ~100% | Not available | Partial |
| 2025 | -1.9% | -1.9% | ~100% | Not available | Partial |
| 2024 | -9.1% | -9.1% | ~100% | 1.9800% | Verified |
| 2023 | +12.4% | +12.4% | ~100% | 1.6300% | Verified |
| 2022 | +21.6% | +21.6% | ~100% | 1.8500% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.4% | +3.1% | +8.3% | +13.3% | 2023 | -9.4% | 2026 |
| Assessment Ratio | 100.0% | 68.4% | — | 100.0% | 2025 | 46.0% | 2024 |
| Effective Tax Rate (2025) | 1.9700% | 1.9700% | — | 1.9700% | 2025 | 1.9700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$260,927 | $250,166 | ~$308,791 | $267,545 | 2024 | $236,387 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$14,056,815 | ~$14,056,815 | ~2.0139% | ~$283,095 | +6.1% |
| 2027 | ~$14,912,758 | ~$14,912,758 | ~1.9814% | ~$295,480 | +12.5% |
| 2028 | ~$15,820,821 | ~$15,820,821 | ~1.9488% | ~$308,322 | +19.4% |
| 2029 | ~$16,784,178 | ~$16,784,178 | ~1.9163% | ~$321,634 | +26.7% |
| 2030 | ~$17,806,195 | ~$17,806,195 | ~1.8837% | ~$335,423 | +34.4% |
| 2026 | ~$13,791,815 | ~$13,791,815 | ~2.0465% | ~$282,247 | +4.1% |
| 2027 | ~$14,355,786 | ~$14,355,786 | ~2.0465% | ~$293,789 | +8.3% |
| 2028 | ~$14,942,818 | ~$14,942,818 | ~2.0465% | ~$305,803 | +12.8% |
| 2029 | ~$15,553,855 | ~$15,553,855 | ~2.0465% | ~$318,307 | +17.4% |
| 2030 | ~$16,189,878 | ~$16,189,878 | ~2.0465% | ~$331,323 | +22.2% |
| 2026 | ~$14,321,815 | ~$14,321,815 | ~1.9977% | ~$286,101 | +8.1% |
| 2027 | ~$15,480,331 | ~$15,480,331 | ~1.9488% | ~$301,687 | +16.8% |
| 2028 | ~$16,732,561 | ~$16,732,561 | ~1.9000% | ~$317,921 | +26.3% |
| 2029 | ~$18,086,086 | ~$18,086,086 | ~1.8512% | ~$334,809 | +36.5% |
| 2030 | ~$19,549,100 | ~$19,549,100 | ~1.8024% | ~$352,347 | +47.5% |
In 2025, this property's market value of $13,250,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 25× 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 | $13,250,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $13,300,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $12,300,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $10,860,000 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $10,460,000 | $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.