2304 LEON ST TX 78705
| Owner | JOSEPH COMPANIES-2304 LEON LLC |
|---|---|
| Parcel ID | 0113000404 |
| Short ID | 112387 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 6,500 SF |
| Land SF | 9,757 SF |
| Acres | 0.224 |
| Year Built | 2014 |
| Legal | 58X168 FT OLT 41 DIVISION D |
| Neighborhood | 05WC |
| Land | $1,463,616 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,463,616 |
| Improvement | $1,336,384 |
|---|---|
| Total Improvement | $1,336,384 |
| Market | $2,800,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,800,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,800,000 |
| Taxable Value | $2,800,000 |
|---|
Appreciation: Market value has risen +32.5% from $2,112,500 (2021) to $2,800,000 (2025), a CAGR of 7.3% 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 $57,302. 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 52% of market value ($1,463,616 land vs $1,336,384 improvements), about $150/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,800,000, 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 +7.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,982,077 by 2030, with an estimated annual tax burden around $75,012. 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 | 3,100 SF | ✗ |
| 1ST | 1st Floor | 2,167 SF | ✓ |
| 2ND | 2nd Floor | 2,167 SF | ✓ |
| 3RD | 3rd Floor | 2,166 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% | $25,905.60 | $25,905.60 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $14,672.48 | $14,672.48 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $10,523.66 | $10,523.66 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $3,304.64 | $3,304.64 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,895.20 | $2,895.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $57,301.58 | $57,301.58 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,762,500 | $2,800,000 | -1.3% |
| Assessed Value | $2,762,500 | $2,800,000 | -1.3% |
| Land Value | $1,463,616 | $1,463,616 | +0.0% |
| Improvement Value | $1,298,884 | $1,336,384 | -2.8% |
| Taxable Value | $2,762,500 | $2,800,000 | -1.3% |
| Total Tax 2026 = estimate |
~$56,534
Estimated
|
~$57,302
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,925,000 | $2,762,500 | -162,500 (-5.6%) |
| Taxable Value | $2,925,000 | $2,762,500 | -162,500 (-5.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,762,500 | $1,463,616 | $1,298,884 | — | $2,762,500 | $2,762,500 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,800,000 | $1,463,616 | $1,336,384 | — | $2,800,000 | $2,800,000 | ~$57,302 | Partial |
| 2024 | $2,567,500 | — | — | −$1,103,884 | $1,463,616 | $— | $54,104 | Verified |
| 2023 | $2,340,000 | — | — | −$876,384 | $1,463,616 | $— | $46,452 | Verified |
| 2022 | $2,112,500 | — | — | −$1,331,905 | $780,595 | $— | $46,213 | Verified |
| 2021 | $2,112,500 | — | — | −$1,332,980 | $779,520 | $— | $45,982 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.5% | +4.5% | ~100% | Not available | Partial |
| 2025 | +2.6% | +2.6% | ~100% | Not available | Partial |
| 2024 | +5.0% | +5.0% | ~100% | 1.9800% | Verified |
| 2023 | +11.1% | +11.1% | ~100% | 1.7900% | Verified |
| 2022 | +10.8% | +10.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +32.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.3% | +5.7% | +7.6% | +10.8% | 2023 | -1.3% | 2026 |
| Assessment Ratio | 100.0% | 65.6% | — | 100.0% | 2025 | 36.9% | 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 |
$57,302 | $50,011 | ~$67,583 | $57,302 | 2025 | $45,982 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,004,335 | ~$3,004,335 | ~2.0139% | ~$60,505 | +7.3% |
| 2027 | ~$3,223,582 | ~$3,223,582 | ~1.9814% | ~$63,872 | +15.1% |
| 2028 | ~$3,458,828 | ~$3,458,828 | ~1.9488% | ~$67,407 | +23.5% |
| 2029 | ~$3,711,243 | ~$3,711,243 | ~1.9163% | ~$71,118 | +32.5% |
| 2030 | ~$3,982,077 | ~$3,982,077 | ~1.8837% | ~$75,012 | +42.2% |
| 2026 | ~$2,948,335 | ~$2,948,335 | ~2.0465% | ~$60,337 | +5.3% |
| 2027 | ~$3,104,528 | ~$3,104,528 | ~2.0465% | ~$63,534 | +10.9% |
| 2028 | ~$3,268,996 | ~$3,268,996 | ~2.0465% | ~$66,900 | +16.7% |
| 2029 | ~$3,442,177 | ~$3,442,177 | ~2.0465% | ~$70,444 | +22.9% |
| 2030 | ~$3,624,533 | ~$3,624,533 | ~2.0465% | ~$74,176 | +29.4% |
| 2026 | ~$3,060,335 | ~$3,060,335 | ~1.9977% | ~$61,135 | +9.3% |
| 2027 | ~$3,344,875 | ~$3,344,875 | ~1.9488% | ~$65,186 | +19.5% |
| 2028 | ~$3,655,871 | ~$3,655,871 | ~1.9000% | ~$69,462 | +30.6% |
| 2029 | ~$3,995,782 | ~$3,995,782 | ~1.8512% | ~$73,970 | +42.7% |
| 2030 | ~$4,367,297 | ~$4,367,297 | ~1.8024% | ~$78,715 | +56.0% |
In 2025, this property's market value of $2,800,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 5× 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 | $2,800,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,567,500 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,340,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,112,500 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,112,500 | $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.