521 WOODWARD ST TX 78704
| Owner | AA EQUITIES INC |
|---|---|
| Parcel ID | 0409000129 |
| Short ID | 312531 |
| Type | Real |
| Use Code | 06 Apartment 26–49 Units |
| Valuation | Income |
| Improvement SF | 11,446 SF |
| Land SF | 25,500 SF |
| Acres | 0.585 |
| Year Built | 1984 |
| Legal | PRINCETON CONDOMINIUMS THE COMMON AREA |
| Neighborhood | 06SC1 |
| Land | $765,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $765,000 |
| Improvement | $2,439,880 |
|---|---|
| Total Improvement | $2,439,880 |
| Market | $3,204,880 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,204,880 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,204,880 |
| Taxable Value | $3,204,880 |
|---|
Appreciation: Market value has risen +40.0% from $2,289,200 (2021) to $3,204,880 (2025), a CAGR of 8.8% 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 $65,587. 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 24% of market value ($765,000 land vs $2,439,880 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~42 yrs), and rent roll drive the underwriting.
Submarket Position: At $3,204,880, 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 +8.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,880,584 by 2030, with an estimated annual tax burden around $91,938. 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.
15 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 11,446 SF | ✗ |
| 551 | PAVED AREA | 8,400 SF | ✗ |
| 2ND | 2nd Floor | 5,773 SF | ✓ |
| 1ST | 1st Floor | 5,673 SF | ✓ |
| 591 | MASONRY TRIM SF | 2,898 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 1,958 SF | ✗ |
| 612C | TERRACE UNCOVERD COMM | 562 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 144 SF | ✗ |
| 581C | STORAGE ATT COMM | 81 SF | ✓ |
| 512C | DECK UNCOVRED COMM | 54 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 192 | WATER HTR AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 539 | FENCE 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% | $29,651.55 | $29,651.55 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $16,794.12 | $16,794.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $12,045.38 | $12,045.38 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,782.50 | $3,782.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,313.85 | $3,313.85 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $65,587.40 | $65,587.40 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,204,880 | $3,204,880 | +0.0% |
| Assessed Value | $3,204,880 | $3,204,880 | +0.0% |
| Land Value | $765,000 | $765,000 | +0.0% |
| Improvement Value | $2,439,880 | $2,439,880 | +0.0% |
| Taxable Value | $3,204,880 | $3,204,880 | +0.0% |
| Total Tax 2026 = estimate |
~$65,587
Estimated
|
~$65,587
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,204,880 | $3,204,880 | +0 (+0.0%) |
| Taxable Value | $3,204,880 | $3,204,880 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,204,880 | $765,000 | $2,439,880 | — | $3,204,880 | $3,204,880 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,204,880 | $765,000 | $2,439,880 | — | $3,204,880 | $3,204,880 | ~$65,587 | Partial |
| 2024 | $2,747,040 | — | — | −$1,982,040 | $765,000 | $— | $58,978 | Verified |
| 2023 | $2,575,350 | — | — | −$1,810,350 | $765,000 | $— | $49,701 | Verified |
| 2022 | $2,317,815 | — | — | −$1,552,815 | $765,000 | $— | $50,861 | Verified |
| 2021 | $2,289,200 | — | — | −$1,524,200 | $765,000 | $— | $50,451 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +7.7% | +7.7% | ~100% | Not available | Partial |
| 2024 | +8.3% | +8.3% | ~100% | 1.9800% | Verified |
| 2023 | +6.7% | +6.7% | ~100% | 1.8100% | Verified |
| 2022 | +11.1% | +11.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +38.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.0% | +7.1% | +8.8% | +16.7% | 2025 | +0.0% | 2026 |
| Assessment Ratio | 100.0% | 54.0% | — | 100.0% | 2025 | 27.8% | 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 |
$65,587 | $55,116 | ~$80,730 | $65,587 | 2025 | $49,701 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,486,132 | ~$3,486,132 | ~2.0139% | ~$70,208 | +8.8% |
| 2027 | ~$3,792,065 | ~$3,792,065 | ~1.9814% | ~$75,136 | +18.3% |
| 2028 | ~$4,124,847 | ~$4,124,847 | ~1.9488% | ~$80,387 | +28.7% |
| 2029 | ~$4,486,832 | ~$4,486,832 | ~1.9163% | ~$85,981 | +40.0% |
| 2030 | ~$4,880,584 | ~$4,880,584 | ~1.8837% | ~$91,938 | +52.3% |
| 2026 | ~$3,422,034 | ~$3,422,034 | ~2.0465% | ~$70,031 | +6.8% |
| 2027 | ~$3,653,902 | ~$3,653,902 | ~2.0465% | ~$74,777 | +14.0% |
| 2028 | ~$3,901,480 | ~$3,901,480 | ~2.0465% | ~$79,843 | +21.7% |
| 2029 | ~$4,165,834 | ~$4,165,834 | ~2.0465% | ~$85,253 | +30.0% |
| 2030 | ~$4,448,100 | ~$4,448,100 | ~2.0465% | ~$91,030 | +38.8% |
| 2026 | ~$3,550,229 | ~$3,525,368 | ~1.9977% | ~$70,425 | +10.8% |
| 2027 | ~$3,932,792 | ~$3,877,905 | ~1.9488% | ~$75,574 | +22.7% |
| 2028 | ~$4,356,579 | ~$4,265,695 | ~1.9000% | ~$81,049 | +35.9% |
| 2029 | ~$4,826,033 | ~$4,692,265 | ~1.8512% | ~$86,863 | +50.6% |
| 2030 | ~$5,346,073 | ~$5,161,491 | ~1.8024% | ~$93,029 | +66.8% |
In 2025, this property's market value of $3,204,880 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 6× 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 | $3,204,880 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,747,040 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,575,350 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,317,815 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,289,200 | $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.