2328 HARTFORD RD TX 78703
| Owner | ALEXANDER SUZANNE ALICE |
|---|---|
| Parcel ID | 0114030402 |
| Short ID | 113976 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 2,322 SF |
| Land SF | 10,502 SF |
| Acres | 0.241 |
| Year Built | 1977 |
| Legal | LOT 38 LESS E PT SUNSET HILL ENFIELD 2 |
| Neighborhood | Z320005 |
| Land | $826,944 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $826,944 |
| Improvement | $389,991 |
|---|---|
| Total Improvement | $389,991 |
| Market | $1,216,935 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,216,935 |
| Value Limitation Adjustment (−) (homestead cap) | −$156,885 |
| Net Appraised (assessed) | $1,060,050 |
| Taxable Value | $1,060,050 |
|---|
| Total Due | $13,586.74 |
|---|---|
| First Delinquent | — |
Appreciation: Market value has risen +159.0% from $469,826 (2021) to $1,216,935 (2025), a CAGR of 26.9% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 +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 $21,694. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($1,060,050) is $156,885 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Multi-family residential. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 68% of market value ($826,944 land vs $389,991 improvements), about $79/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $1,216,935, 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 +26.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,998,806 by 2030, with an estimated annual tax burden around $32,160. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $13,586.74 in unpaid taxes . These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,322 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 2,322 SF | ✗ |
| 051 | CARPORT DET 1ST | 493 SF | ✗ |
| 612 | TERRACE UNCOVERD | 412 SF | ✗ |
| 613 | TERRACE COVERED | 329 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 304 SF | ✗ |
| SO | Sketch Only | 160 SF | ✗ |
| 581 | STORAGE ATT | 108 SF | ✓ |
| 251 | BATHROOM | 3 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| Entity | 2024 Rate | 2025 Rate | Rate Effect |
|---|---|---|---|
| City of Austin | 0.4776% | 0.5240% | +420 |
| Travis County | 0.3444% | 0.3758% | +284 |
| Austin ISD | 0.9505% | 0.9252% | -229 |
| Travis Central Health | 0.1080% | 0.1180% | +91 |
| Austin Community College | 0.1013% | 0.1034% | +19 |
Market value changed by 169% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $8,375.45 | $3,034.19 | $5,341.26 |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,743.71 | $1,718.51 | $3,025.20 |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,402.37 | $1,232.57 | $2,169.80 |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,068.41 | $387.05 | $681.36 |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $936.04 | $339.10 | $596.94 |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $18,525.98 | $6,711.42 | $11,814.56 |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $905,258 | $1,216,935 | -25.6% |
| Assessed Value | $905,258 | $1,060,050 | -14.6% |
| Land Value | $850,666 | $826,944 | +2.9% |
| Improvement Value | $54,592 | $389,991 | -86.0% |
| Taxable Value | $905,258 | $1,060,050 | -14.6% |
| Total Tax 2026 = estimate |
~$18,526
Estimated
|
$18,526 | ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,255,575 | $905,258 | -350,317 (-27.9%) |
| Taxable Value | $1,086,310 | $905,258 | -181,052 (-16.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $905,258 | $850,666 | $54,592 | — | $905,258 | $905,258 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,216,935 | $826,944 | $389,991 | −$156,885 | $1,060,050 | $1,060,050 | $18,526 | Verified |
| 2024 | $955,000 | — | — | −$145,000 | $810,000 | $— | $17,507 | Verified |
| 2023 | $1,200,000 | — | — | −$165,000 | $1,035,000 | $— | $17,278 | Verified |
| 2022 | $637,000 | — | — | — | $1,035,000 ! | $— | $19,102 | Verified |
| 2021 | $469,826 | — | — | −$53,756 | $416,070 | $— | $13,897 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.2% | +2.5% | 86.5% | Not available | Partial |
| 2025 | +37.8% | +20.0% | 87.1% | 1.5200% | Verified |
| 2024 | -48.6% | -48.6% | ~100% | 1.9800% | Verified |
| 2023 | -5.4% | -5.4% | ~100% | 1.0100% | Verified |
| 2022 | +169.2% ! | +169.2% | ~100% | 1.0500% | Verified |
| 2021 | base year | — | ~100% | 2.9600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +80.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -25.6% | +21.1% | +35.6% | +88.4% | 2023 | -25.6% | 2026 |
| Assessment Ratio | 100.0% | 101.5% | — | 162.5% | 2022 | 84.8% | 2024 |
| Effective Tax Rate (2025) | 1.5200% | 1.5200% | — | 1.5200% | 2025 | 1.5200% | 2025 |
| Tax Amount | $18,526 | $17,262 | ~$27,659 | $19,102 | 2022 | $13,897 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,543,832 | ~$1,166,055 | ~2.0139% | ~$23,484 | +26.9% |
| 2027 | ~$1,958,540 | ~$1,282,661 | ~1.9814% | ~$25,414 | +60.9% |
| 2028 | ~$2,484,650 | ~$1,410,927 | ~1.9488% | ~$27,497 | +104.2% |
| 2029 | ~$3,152,084 | ~$1,552,019 | ~1.9163% | ~$29,741 | +159.0% |
| 2030 | ~$3,998,806 | ~$1,707,221 | ~1.8837% | ~$32,160 | +228.6% |
| 2026 | ~$1,519,493 | ~$1,166,055 | ~2.0465% | ~$23,863 | +24.9% |
| 2027 | ~$1,897,274 | ~$1,282,661 | ~2.0465% | ~$26,249 | +55.9% |
| 2028 | ~$2,368,980 | ~$1,410,927 | ~2.0465% | ~$28,874 | +94.7% |
| 2029 | ~$2,957,963 | ~$1,552,019 | ~2.0465% | ~$31,762 | +143.1% |
| 2030 | ~$3,693,380 | ~$1,707,221 | ~2.0465% | ~$34,938 | +203.5% |
| 2026 | ~$1,568,170 | ~$1,166,055 | ~1.9977% | ~$23,294 | +28.9% |
| 2027 | ~$2,020,781 | ~$1,282,661 | ~1.9488% | ~$24,997 | +66.1% |
| 2028 | ~$2,604,024 | ~$1,410,927 | ~1.9000% | ~$26,808 | +114.0% |
| 2029 | ~$3,355,606 | ~$1,552,019 | ~1.8512% | ~$28,731 | +175.7% |
| 2030 | ~$4,324,111 | ~$1,707,221 | ~1.8024% | ~$30,770 | +255.3% |
In 2025, this property's market value of $1,216,935 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +134% 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 | $1,216,935 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $955,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,200,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $637,000 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $469,826 | $300,453 | $376,850 | $539,896 | ↑ Above median | 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.