3465 WILLOWRUN DR TX 78704
| Owner | HWANG JOSEPH |
|---|---|
| Parcel ID | 0409000105 |
| Short ID | 312449 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 2,352 SF |
| Land SF | 10,622 SF |
| Acres | 0.244 |
| Year Built | 1973 |
| Legal | LOT 5 BLK B WILLOW SPRINGS SEC 1 |
| Neighborhood | K2006 |
| Land | $418,331 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $418,331 |
| Improvement | $287,907 |
|---|---|
| Total Improvement | $287,907 |
| Market | $706,238 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $706,238 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $706,238 |
| Taxable Value | $706,238 |
|---|
Appreciation: Market value has risen +24.8% from $566,000 (2021) to $706,238 (2025), a CAGR of 5.7% 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 $14,453. 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 59% of market value ($418,331 land vs $287,907 improvements), about $39/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $706,238, this parcel sits in the upper-middle (50th–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 +5.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $931,364 by 2030, with an estimated annual tax burden around $17,544. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 3,000 SF | ✗ |
| 095 | HVAC RESIDENTIAL | 2,352 SF | ✗ |
| 1ST | 1st Floor | 1,456 SF | ✓ |
| 2ND | 2nd Floor | 896 SF | ✓ |
| 612 | TERRACE UNCOVERD | 320 SF | ✗ |
| 581 | STORAGE ATT | 12 SF | ✓ |
| 251 | BATHROOM | 4 SF | ✓ |
| 522 | FIREPLACE | 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% | $6,534.11 | $6,534.11 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,700.81 | $3,700.81 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,654.36 | $2,654.36 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $833.52 | $833.52 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $730.25 | $730.25 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,453.05 | $14,453.05 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $695,374 | $706,238 | -1.5% |
| Assessed Value | $695,374 | $706,238 | -1.5% |
| Land Value | $418,331 | $418,331 | +0.0% |
| Improvement Value | $277,043 | $287,907 | -3.8% |
| Taxable Value | $695,374 | $706,238 | -1.5% |
| Total Tax 2026 = estimate |
~$14,231
Estimated
|
~$14,453
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $716,880 | $695,374 | -21,506 (-3.0%) |
| Taxable Value | $716,880 | $695,374 | -21,506 (-3.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $695,374 | $418,331 | $277,043 | — | $695,374 | $695,374 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $706,238 | $418,331 | $287,907 | — | $706,238 | $706,238 | ~$14,453 | Partial |
| 2024 | $1,061,014 | — | — | −$566,014 | $495,000 | $— | $18,087 | Verified |
| 2023 | $893,103 | — | — | −$398,103 | $495,000 | $— | $19,196 | Verified |
| 2022 | $692,345 | — | — | −$197,345 | $495,000 | $— | $17,638 | Verified |
| 2021 | $566,000 | — | — | −$236,000 | $330,000 | $— | $15,070 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.5% | +1.5% | ~100% | Not available | Partial |
| 2025 | -22.6% | -22.6% | ~100% | Not available | Partial |
| 2024 | -14.0% | -14.0% | ~100% | 1.9800% | Verified |
| 2023 | +18.8% | +18.8% | ~100% | 1.8100% | Verified |
| 2022 | +29.0% | +29.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.5% | +7.0% | +6.0% | +29.0% | 2023 | -33.4% | 2025 |
| Assessment Ratio | 100.0% | 72.0% | — | 100.0% | 2025 | 46.7% | 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 |
$14,453 | $16,889 | ~$16,269 | $19,196 | 2023 | $14,453 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$746,423 | ~$746,423 | ~2.0139% | ~$15,032 | +5.7% |
| 2027 | ~$788,894 | ~$788,894 | ~1.9814% | ~$15,631 | +11.7% |
| 2028 | ~$833,781 | ~$833,781 | ~1.9488% | ~$16,249 | +18.1% |
| 2029 | ~$881,223 | ~$881,223 | ~1.9163% | ~$16,887 | +24.8% |
| 2030 | ~$931,364 | ~$931,364 | ~1.8837% | ~$17,544 | +31.9% |
| 2026 | ~$732,298 | ~$732,298 | ~2.0465% | ~$14,986 | +3.7% |
| 2027 | ~$759,319 | ~$759,319 | ~2.0465% | ~$15,539 | +7.5% |
| 2028 | ~$787,338 | ~$787,338 | ~2.0465% | ~$16,113 | +11.5% |
| 2029 | ~$816,390 | ~$816,390 | ~2.0465% | ~$16,707 | +15.6% |
| 2030 | ~$846,514 | ~$846,514 | ~2.0465% | ~$17,324 | +19.9% |
| 2026 | ~$760,547 | ~$760,547 | ~1.9977% | ~$15,193 | +7.7% |
| 2027 | ~$819,033 | ~$819,033 | ~1.9488% | ~$15,962 | +16.0% |
| 2028 | ~$882,016 | ~$882,016 | ~1.9000% | ~$16,758 | +24.9% |
| 2029 | ~$949,843 | ~$949,843 | ~1.8512% | ~$17,583 | +34.5% |
| 2030 | ~$1,022,885 | ~$1,022,885 | ~1.8024% | ~$18,436 | +44.8% |
In 2025, this property's market value of $706,238 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +36% 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 | $706,238 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $1,061,014 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $893,103 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $692,345 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $566,000 | $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.