2304 MISSION HILL DR TX 78741
| Owner | FRANKLIN FRANK R |
|---|---|
| Parcel ID | 0311041019 |
| Short ID | 291222 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 4,560 SF |
| Land SF | 8,556 SF |
| Acres | 0.196 |
| Year Built | 1969 |
| Legal | LOT 7 MISSION HILL SEC 2 |
| Neighborhood | F0786 |
| Land | $253,474 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $253,474 |
| Improvement | $495,774 |
|---|---|
| Total Improvement | $495,774 |
| Market | $749,248 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $749,248 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $749,248 |
| Taxable Value | $749,248 |
|---|
Appreciation: Market value has risen +27.7% from $586,593 (2021) to $749,248 (2025), a CAGR of 6.3% over 4 years. This represents moderate, steady growth. Most of this growth came in a single year (2021→2022), 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 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 $15,333. 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 34% of market value ($253,474 land vs $495,774 improvements), about $30/SF of land. Most value sits in the improvements, so building condition, age (~57 yrs), and rent roll drive the underwriting.
Submarket Position: At $749,248, 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 +1.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $651,485 by 2031, with an estimated annual tax burden around $12,272. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,560 SF | ✗ |
| 551 | PAVED AREA | 2,800 SF | ✗ |
| 1ST | 1st Floor | 2,280 SF | ✓ |
| 2ND | 2nd Floor | 2,280 SF | ✓ |
| 612 | TERRACE UNCOVERD | 256 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 150 SF | ✗ |
| 251 | BATHROOM | 6 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% | $6,932.04 | $6,932.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,926.19 | $3,926.19 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,816.01 | $2,816.01 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $884.28 | $884.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $774.72 | $774.72 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,333.24 | $15,333.24 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $6,932.04 | 45.2% |
| CAT City of Austin | 0.5240% | $3,926.19 | 25.6% |
| TCO Travis County | 0.3758% | $2,816.01 | 18.4% |
| THD Travis Central Health | 0.1180% | $884.28 | 5.8% |
| ACT Austin Community College | 0.1034% | $774.72 | 5.1% |
| Total | 2.0465% | $15,333.24 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $618,188 | $749,248 | -17.5% |
| Assessed Value | $618,188 | $749,248 | -17.5% |
| Land Value | $231,949 | $253,474 | -8.5% |
| Improvement Value | $386,239 | $495,774 | -22.1% |
| Taxable Value | $618,188 | $749,248 | -17.5% |
| Total Tax 2026 = estimate |
~$12,651
Estimated
|
~$15,333
Partial
|
ⓘ |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $618,188 | $231,949 | $386,239 | — | $618,188 | $618,188 | Not yet — post-cert | Preliminary |
| 2025 | $749,248 | $253,474 | $495,774 | — | $749,248 | $749,248 | ~$15,333 | Partial |
| 2024 | $637,652 | $300,000 | $337,652 | — | $637,652 | $637,652 | $12,637 | Verified |
| 2023 | $762,000 | $175,000 | $587,000 | — | $762,000 | $762,000 | $13,786 | Verified |
| 2022 | $788,365 | $175,000 | $613,365 | — | $788,365 | $788,365 | $15,570 | Verified |
| 2021 | $586,593 | $175,000 | $411,593 | — | $586,593 | $586,593 | $12,684 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -17.5% | -17.5% | ~100% | Not available | Partial |
| 2025 | +17.5% | +17.5% | ~100% | Not available | Partial |
| 2024 | -16.3% | -16.3% | ~100% | No billing data | Verified |
| 2023 | -3.3% | -3.3% | ~100% | No billing data | Verified |
| 2022 | +34.4% | +34.4% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -17.5% | +3.0% | +1.1% | +34.4% | 2022 | -17.5% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| 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 |
$15,333 | $14,002 | ~$12,430 | $15,570 | 2022 | $12,637 | 2024 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$624,708 | ~$624,708 | ~2.0139% | ~$12,581 | +1.1% |
| 2028 | ~$631,297 | ~$631,297 | ~1.9814% | ~$12,508 | +2.1% |
| 2029 | ~$637,956 | ~$637,956 | ~1.9488% | ~$12,433 | +3.2% |
| 2030 | ~$644,685 | ~$644,685 | ~1.9163% | ~$12,354 | +4.3% |
| 2031 | ~$651,485 | ~$651,485 | ~1.8837% | ~$12,272 | +5.4% |
| 2027 | ~$612,345 | ~$612,345 | ~2.0465% | ~$12,532 | -0.9% |
| 2028 | ~$606,556 | ~$606,556 | ~2.0465% | ~$12,413 | -1.9% |
| 2029 | ~$600,823 | ~$600,823 | ~2.0465% | ~$12,296 | -2.8% |
| 2030 | ~$595,144 | ~$595,144 | ~2.0465% | ~$12,180 | -3.7% |
| 2031 | ~$589,518 | ~$589,518 | ~2.0465% | ~$12,064 | -4.6% |
| 2027 | ~$637,072 | ~$637,072 | ~1.9977% | ~$12,727 | +3.1% |
| 2028 | ~$656,533 | ~$656,533 | ~1.9488% | ~$12,795 | +6.2% |
| 2029 | ~$676,589 | ~$676,589 | ~1.9000% | ~$12,855 | +9.4% |
| 2030 | ~$697,257 | ~$697,257 | ~1.8512% | ~$12,908 | +12.8% |
| 2031 | ~$718,556 | ~$718,556 | ~1.8024% | ~$12,951 | +16.2% |
In 2025, this property's market value of $749,248 places it in the top 25% for Multi-Family properties in Travis County (12570 comparable) — +44% 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 | $749,248 | $438,150 | $519,086 | $747,031 | ↑ Top 25% | -7.5% |
| 2024 | $637,652 | $467,312 | $564,206 | $847,583 | ↑ Above median | -6.3% |
| 2023 | $762,000 | $503,694 | $616,727 | $918,308 | ↑ Above median | +0.9% |
| 2022 | $788,365 | $506,269 | $614,560 | $904,074 | ↑ Above median | +39.0% |
| 2021 | $586,593 | $353,349 | $436,046 | $657,886 | ↑ Above median | 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 | — |