8903 PARKFIELD DR TX 78758
| Owner | ZFAN PROPERTIES LLC |
|---|---|
| Parcel ID | 0241140622 |
| Short ID | 246496 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 6,892 SF |
| Land SF | 11,770 SF |
| Acres | 0.270 |
| Year Built | 1972 |
| Legal | LOT 2A BLK M *1ST RESUB OF QUAIL CREEK PHS 2 SEC 3 |
| Neighborhood | 05NO |
| Land | $176,547 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $176,547 |
| Improvement | $663,453 |
|---|---|
| Total Improvement | $663,453 |
| Market | $840,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $840,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $840,000 |
| Taxable Value | $840,000 |
|---|
Appreciation: Market value has risen +10.8% from $758,120 (2021) to $840,000 (2025), a CAGR of 2.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Multi-Family parcel countywide rose +19.0%, 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 $17,190. 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 21% of market value ($176,547 land vs $663,453 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~54 yrs), and rent roll drive the underwriting.
Submarket Position: At $840,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,086 (P25 $438,150 / P75 $747,031, n=12,570). 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 +9.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $1,810,716 by 2031, with an estimated annual tax burden around $30,581. 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 | 4,800 SF | ✗ |
| 1ST | 1st Floor | 3,446 SF | ✓ |
| 2ND | 2nd Floor | 3,446 SF | ✓ |
| 591 | MASONRY TRIM SF | 2,100 SF | ✗ |
| SO | Sketch Only | 796 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 454 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 454 SF | ✗ |
| 611 | TERRACE | 220 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 1 SF | ✗ |
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.
| 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% | $7,771.68 | $7,771.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,401.74 | $4,401.74 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,157.10 | $3,157.10 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $991.39 | $991.39 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $868.56 | $868.56 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,190.47 | $17,190.47 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $7,771.68 | 45.2% |
| CAT City of Austin | 0.5240% | $4,401.74 | 25.6% |
| TCO Travis County | 0.3758% | $3,157.10 | 18.4% |
| THD Travis Central Health | 0.1180% | $991.39 | 5.8% |
| ACT Austin Community College | 0.1034% | $868.56 | 5.1% |
| Total | 2.0465% | $17,190.47 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,171,640 | $840,000 | +39.5% |
| Assessed Value | $1,008,000 | $840,000 | +20.0% |
| Land Value | $176,547 | $176,547 | +0.0% |
| Improvement Value | $995,093 | $663,453 | +50.0% |
| Taxable Value | $1,008,000 | $840,000 | +20.0% |
| HS Cap Loss | -$163,640 | — | |
| Total Tax 2026 = estimate |
~$20,629
Estimated
|
~$17,190
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $1,171,640 | $176,547 | $995,093 | −$163,640 | $1,008,000 | $1,008,000 | Not yet — post-cert | Preliminary |
| 2025 | $840,000 | $176,547 | $663,453 | — | $840,000 | $840,000 | ~$17,190 | Partial |
| 2024 | $1,137,180 | $176,547 | $960,633 | — | $1,137,180 | $1,137,180 | $22,537 | Verified |
| 2023 | $1,033,800 | $176,547 | $857,253 | — | $1,033,800 | $1,033,800 | $18,704 | Verified |
| 2022 | $964,880 | $176,547 | $788,333 | — | $964,880 | $964,880 | $19,056 | Verified |
| 2021 | $758,120 | $176,547 | $581,573 | — | $758,120 | $758,120 | $16,502 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +39.5% | +20.0% | 86.0% | Not available | Partial |
| 2025 | -26.1% | -26.1% | ~100% | Not available | Partial |
| 2024 | +10.0% | +10.0% | ~100% | No billing data | Verified |
| 2023 | +7.1% | +7.1% | ~100% | No billing data | Verified |
| 2022 | +27.3% | +27.3% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +10.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +39.5% | +11.6% | +9.1% | +39.5% | 2026 | -26.1% | 2025 |
| Assessment Ratio | 86.0% | 97.7% | — | 100.0% | 2021 | 86.0% | 2026 |
| 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 |
$17,190 | $18,798 | ~$26,301 | $22,537 | 2024 | $16,502 | 2021 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$1,278,219 | ~$1,108,800 | ~2.0139% | ~$22,331 | +9.1% |
| 2028 | ~$1,394,494 | ~$1,219,680 | ~1.9814% | ~$24,167 | +19.0% |
| 2029 | ~$1,521,346 | ~$1,341,648 | ~1.9488% | ~$26,147 | +29.8% |
| 2030 | ~$1,659,737 | ~$1,475,813 | ~1.9163% | ~$28,281 | +41.7% |
| 2031 | ~$1,810,716 | ~$1,623,394 | ~1.8837% | ~$30,581 | +54.5% |
| 2027 | ~$1,254,787 | ~$1,108,800 | ~2.0465% | ~$22,691 | +7.1% |
| 2028 | ~$1,343,834 | ~$1,219,680 | ~2.0465% | ~$24,961 | +14.7% |
| 2029 | ~$1,439,201 | ~$1,341,648 | ~2.0465% | ~$27,457 | +22.8% |
| 2030 | ~$1,541,335 | ~$1,475,813 | ~2.0465% | ~$30,202 | +31.6% |
| 2031 | ~$1,650,718 | ~$1,623,394 | ~2.0465% | ~$33,223 | +40.9% |
| 2027 | ~$1,301,652 | ~$1,108,800 | ~1.9977% | ~$22,150 | +11.1% |
| 2028 | ~$1,446,092 | ~$1,219,680 | ~1.9488% | ~$23,770 | +23.4% |
| 2029 | ~$1,606,559 | ~$1,341,648 | ~1.9000% | ~$25,492 | +37.1% |
| 2030 | ~$1,784,832 | ~$1,475,813 | ~1.8512% | ~$27,320 | +52.3% |
| 2031 | ~$1,982,888 | ~$1,623,394 | ~1.8024% | ~$29,260 | +69.2% |
In 2025, this property's market value of $840,000 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +62% above the county median of $519,086. 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 | $840,000 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $1,137,180 | $467,312 | $564,206 | $847,583 | ↑ Top 25% | -6.3% |
| 2023 | $1,033,800 | $503,694 | $616,727 | $918,308 | ↑ Top 25% | +0.9% |
| 2022 | $964,880 | $506,269 | $614,560 | $904,074 | ↑ Top 25% | +39.0% |
| 2021 | $758,120 | $353,349 | $436,046 | $657,886 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |