2322 HARTFORD RD AUSTIN, TX 78703
| Owner | SAPP FRANKLIN |
|---|---|
| Parcel ID | 0114030404 |
| Short ID | 113982 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 5,099 SF |
| Land SF | 13,891 SF |
| Acres | 0.319 |
| Year Built | 1960 |
| Legal | LOT 40 SUNSET HILL ENFIELD 2 |
| Neighborhood | Z320005 |
| Land | $1,138,368 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,138,368 |
| Improvement | $1,012,859 |
|---|---|
| Total Improvement | $1,012,859 |
| Market | $2,151,227 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,151,227 |
| Value Limitation Adjustment (−) (homestead cap) | −$788,666 |
| Net Appraised (assessed) | $1,362,561 |
| Exemptions (−) (HS,OV65) | −$415,732 |
|---|---|
| Taxable Value | $946,829 |
Appreciation: Market value has risen +154.3% from $846,044 (2021) to $2,151,227 (2025), a CAGR of 26.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→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 $19,377. Austin ISD is the largest single contributor, at 32.9% of the total 2025 levy.
Assessment Gap: Assessed value ($1,362,561) is $788,666 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 53% of market value ($1,138,368 land vs $1,012,859 improvements), about $82/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,151,227, 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 +26.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $6,907,213 by 2030, with an estimated annual tax burden around $41,337. 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.
11 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 5,098 SF | ✗ |
| 1ST | 1st Floor | 4,403 SF | ✓ |
| RSBLW | Residence Below | 696 SF | ✓ |
| 061 | CARPORT ATT 1ST | 600 SF | ✗ |
| UBSMT | Unfinished Basement | 520 SF | ✓ |
| SO | Sketch Only | 520 SF | ✗ |
| 512 | DECK UNCOVRED | 300 SF | ✗ |
| 581 | STORAGE ATT | 144 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 94 SF | ✗ |
| 252 | BEDROOMS | 5 SF | ✓ |
| 251 | BATHROOM | 5 SF | ✓ |
Market value changed by 140% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $4,928.26 | $4,928.26 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,705.93 | $4,705.93 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,558.61 | $3,558.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,067.93 | $1,067.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $712.65 | $712.65 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,973.38 | $14,973.38 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,213,134 | $2,151,227 | +2.9% |
| Assessed Value | $1,498,817 | $1,362,561 | +10.0% |
| Land Value | $1,389,121 | $1,138,368 | +22.0% |
| Improvement Value | $824,013 | $1,012,859 | -18.6% |
| Taxable Value | $1,053,785 | $946,829 | +11.3% |
| Exemptions | HS,OV65 | HS,OV65 | |
| HS Cap Loss | -$714,317 | — | |
| Total Tax 2026 = estimate |
~$21,566
Estimated
|
~$14,973
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,213,134 | $2,213,134 | +0 (+0.0%) |
| Taxable Value | $1,055,834 | $1,053,785 | -2,049 (-0.2%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,213,134 | $1,389,121 | $824,013 | −$714,317 | $1,498,817 | $1,053,785 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,151,227 | $1,138,368 | $1,012,859 | −$788,666 | $1,362,561 | $946,829 | ~$14,973 | Partial |
| 2024 | $2,643,332 | — | — | −$1,518,332 | $1,125,000 | $— | $14,597 | Verified |
| 2023 | $2,739,900 | — | — | −$1,389,900 | $1,350,000 | $— | $13,365 | Verified |
| 2022 | $— | — | — | — | $1,350,000 | $— | $15,603 | Verified |
| 2021 | $846,044 | — | — | −$303,344 | $542,700 | $— | $16,307 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +2.9% | +10.0% | 67.7% | Not available | Partial |
| 2025 | -12.8% | +10.0% | 63.3% | Not available | Partial |
| 2024 | -6.6% | +10.0% | 50.2% | 0.5900% | Verified |
| 2023 | -3.5% | -58.9% | 42.6% | 0.5100% | Verified |
| 2022 | +139.6% ! | +139.6% | ~100% | 0.5700% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +88.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +2.9% | +51.2% | +25.6% | +223.8% | 2023 | -18.6% | 2025 |
| Assessment Ratio | 67.7% | 57.4% | — | 67.7% | 2026 | 42.6% | 2024 |
| Effective Tax Rate (2025) | 0.7000% | 0.7000% | — | 0.7000% | 2025 | 0.7000% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$14,973 | $14,811 | ~$35,552 | $16,307 | 2021 | $13,365 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,716,499 | ~$1,498,817 | ~2.0139% | ~$30,185 | +26.3% |
| 2027 | ~$3,430,306 | ~$1,648,699 | ~1.9814% | ~$32,667 | +59.5% |
| 2028 | ~$4,331,678 | ~$1,813,569 | ~1.9488% | ~$35,344 | +101.4% |
| 2029 | ~$5,469,902 | ~$1,994,926 | ~1.9163% | ~$38,229 | +154.3% |
| 2030 | ~$6,907,213 | ~$2,194,418 | ~1.8837% | ~$41,337 | +221.1% |
| 2026 | ~$2,673,475 | ~$1,498,817 | ~2.0465% | ~$30,673 | +24.3% |
| 2027 | ~$3,322,507 | ~$1,648,699 | ~2.0465% | ~$33,740 | +54.4% |
| 2028 | ~$4,129,103 | ~$1,813,569 | ~2.0465% | ~$37,114 | +91.9% |
| 2029 | ~$5,131,514 | ~$1,994,926 | ~2.0465% | ~$40,826 | +138.5% |
| 2030 | ~$6,377,277 | ~$2,194,418 | ~2.0465% | ~$44,908 | +196.4% |
| 2026 | ~$2,759,524 | ~$1,498,817 | ~1.9977% | ~$29,941 | +28.3% |
| 2027 | ~$3,539,827 | ~$1,648,699 | ~1.9488% | ~$32,130 | +64.5% |
| 2028 | ~$4,540,774 | ~$1,813,569 | ~1.9000% | ~$34,458 | +111.1% |
| 2029 | ~$5,824,756 | ~$1,994,926 | ~1.8512% | ~$36,930 | +170.8% |
| 2030 | ~$7,471,807 | ~$2,194,418 | ~1.8024% | ~$39,552 | +247.3% |
In 2025, this property's market value of $2,151,227 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 4× 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 | $2,151,227 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $2,643,332 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,739,900 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
| 2021 | $846,044 | $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.