3901 NORWOOD LN TX 78744
| Owner | TXI OPERATIONS LP |
|---|---|
| Parcel ID | 0323500209 |
| Short ID | 483618 |
| Type | Real |
| Use Code | 10 Manufactured Commercial Bldg |
| Valuation | Cost |
| Improvement SF | 1,956 SF |
| Land SF | 73,616 SF |
| Acres | 1.690 |
| Year Built | 1980 |
| Legal | ABS 18 NAVARRO J A ACR 1.69 |
| Neighborhood | 1SE3 |
| Land | $50,251 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $50,251 |
| Improvement | $57,440 |
|---|---|
| Total Improvement | $57,440 |
| Market | $107,691 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $107,691 |
| Value Limitation Adjustment (−) (homestead cap) | −$17,561 |
| Net Appraised (assessed) | $90,130 |
| Taxable Value | $90,130 |
|---|
Appreciation: Market value has risen +49.1% from $72,208 (2021) to $107,691 (2025), a CAGR of 10.5% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 1.7462% in 2025 (-0.0044% vs 2024 — rates decreased ). At the current taxable value, estimated annual taxes are $1,574. Del Valle ISD is the largest single contributor, at 54.3% of the total 2025 levy.
Assessment Gap: Assessed value ($90,130) is $17,561 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 47% of market value ($50,251 land vs $57,440 improvements), about $1/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $107,691, this parcel sits in the bottom quartile (<25th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial 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 +10.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $177,489 by 2030, with an estimated annual tax burden around $2,118. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,500 SF | ✗ |
| 1ST | 1st Floor | 1,956 SF | ✓ |
| 511 | DECK | 624 SF | ✗ |
| 501 | CANOPY | 624 SF | ✗ |
Market value changed by 142% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IDV Del Valle ISD | 1.2020% | 1.1846% | 1.0028% | 0.9969% | 0.9489% | -0.0480% | $855.24 | $855.24 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $338.75 | $338.75 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $106.37 | $106.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $93.19 | $93.19 | Paid |
| E11 Travis County ESD # 11 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $90.13 | $90.13 | Paid |
| E15 Travis County ESD # 15 | 0.1000% | 0.0949% | 0.1000% | 0.1000% | 0.1000% | +0.0000% | $90.13 | $90.13 | Paid |
| Combined Rate | 1.9760% | 1.8900% | 1.7067% | 1.7506% | 1.7462% | -0.0044% | $1,573.81 | $1,573.81 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $82,764 | $107,691 | -23.1% |
| Assessed Value | $82,764 | $90,130 | -8.2% |
| Land Value | $67,600 | $50,251 | +34.5% |
| Improvement Value | $15,164 | $57,440 | -73.6% |
| Taxable Value | $82,764 | $90,130 | -8.2% |
| Total Tax 2026 = estimate |
~$1,445
Estimated
|
~$1,574
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $125,040 | $82,764 | -42,276 (-33.8%) |
| Taxable Value | $108,156 | $82,764 | -25,392 (-23.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $82,764 | $67,600 | $15,164 | — | $82,764 | $82,764 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $107,691 | $50,251 | $57,440 | −$17,561 | $90,130 | $90,130 | ~$1,574 | Partial |
| 2024 | $78,479 | — | — | −$3,371 | $75,108 | $— | $1,315 | Verified |
| 2023 | $78,479 | — | — | −$51,439 | $27,040 | $— | $1,339 | Verified |
| 2022 | $72,390 | — | — | −$45,350 | $27,040 | $— | $1,483 | Verified |
| 2021 | $72,208 | — | — | −$45,168 | $27,040 | $— | $1,430 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +16.1% | +20.0% | 86.5% | Not available | Partial |
| 2025 | -47.4% | -4.3% | 83.7% | Not available | Partial |
| 2024 | +142.3% ! | +11.5% | 46.0% | 0.6400% | Verified |
| 2023 | +7.6% | +7.6% | ~100% | 1.5900% | Verified |
| 2022 | +8.4% | +8.4% | ~100% | 1.8900% | Verified |
| 2021 | base year | — | ~100% | 1.9800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +48.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.1% | +4.6% | +17.2% | +37.2% | 2025 | -23.1% | 2026 |
| Assessment Ratio | 100.0% | 64.8% | — | 100.0% | 2026 | 34.5% | 2023 |
| Effective Tax Rate (2025) | 1.4600% | 1.4600% | — | 1.4600% | 2025 | 1.4600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,574 | $1,428 | ~$1,892 | $1,574 | 2025 | $1,315 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$119,008 | ~$99,143 | ~1.6887% | ~$1,674 | +10.5% |
| 2027 | ~$131,515 | ~$109,057 | ~1.6313% | ~$1,779 | +22.1% |
| 2028 | ~$145,337 | ~$119,963 | ~1.5738% | ~$1,888 | +35.0% |
| 2029 | ~$160,610 | ~$131,959 | ~1.5164% | ~$2,001 | +49.1% |
| 2030 | ~$177,489 | ~$145,155 | ~1.4589% | ~$2,118 | +64.8% |
| 2026 | ~$116,855 | ~$99,143 | ~1.7462% | ~$1,731 | +8.5% |
| 2027 | ~$126,798 | ~$109,057 | ~1.7462% | ~$1,904 | +17.7% |
| 2028 | ~$137,588 | ~$119,963 | ~1.7462% | ~$2,095 | +27.8% |
| 2029 | ~$149,295 | ~$131,959 | ~1.7462% | ~$2,304 | +38.6% |
| 2030 | ~$161,999 | ~$145,155 | ~1.7462% | ~$2,535 | +50.4% |
| 2026 | ~$121,162 | ~$99,143 | ~1.6600% | ~$1,646 | +12.5% |
| 2027 | ~$136,319 | ~$109,057 | ~1.5738% | ~$1,716 | +26.6% |
| 2028 | ~$153,371 | ~$119,963 | ~1.4876% | ~$1,785 | +42.4% |
| 2029 | ~$172,557 | ~$131,959 | ~1.4015% | ~$1,849 | +60.2% |
| 2030 | ~$194,142 | ~$145,155 | ~1.3153% | ~$1,909 | +80.3% |
In 2025, this property's market value of $107,691 places it in the bottom 25% for Commercial properties in Travis County (13608 comparable) — -92% below the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial 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 | $107,691 | $649,268 | $1,417,484 | $3,347,260 | ↓ Bottom 25% | -0.8% |
| 2024 | $78,479 | $661,016 | $1,438,465 | $3,471,171 | ↓ Bottom 25% | +0.0% |
| 2023 | $78,479 | $667,828 | $1,414,358 | $3,374,900 | ↓ Bottom 25% | +9.7% |
| 2022 | $72,390 | $553,066 | $1,215,730 | $2,939,150 | ↓ Bottom 25% | +3.3% |
| 2021 | $72,208 | $517,750 | $1,142,600 | $2,780,453 | ↓ 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.