1004 W 24 ST TX 78705
| Owner | HILLTOP SH VENTURE TX LP |
|---|---|
| Parcel ID | 0214001307 |
| Short ID | 206217 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 178,480 SF |
| Land SF | 40,001 SF |
| Acres | 0.918 |
| Year Built | 2020 |
| Legal | LOT 1-3 BLK 1 ROBARDS SUBD OF OLT 43-45, 54&55 DIVISION D |
| Neighborhood | 08WC |
| Land | $6,000,173 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,000,173 |
| Improvement | $53,459,827 |
|---|---|
| Total Improvement | $53,459,827 |
| Market | $59,460,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $59,460,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $59,460,000 |
| Taxable Value | $59,460,000 |
|---|
Appreciation: Market value has risen +394.9% from $12,013,894 (2021) to $59,460,000 (2025), a CAGR of 49.2% over 4 years. This is strong appreciation — well above typical inflation. 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 +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 $1,216,840. 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 10% of market value ($6,000,173 land vs $53,459,827 improvements), about $150/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $59,460,000, 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 +49.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $438,936,091 by 2030, with an estimated annual tax burden around $1,803,889. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 178,480 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% | $550,123.92 | $550,123.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $311,580.51 | $311,580.51 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $223,477.44 | $223,477.44 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $70,176.48 | $70,176.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $61,481.64 | $61,481.64 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,216,839.99 | $1,216,839.99 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $67,390,312 | $59,460,000 | +13.3% |
| Assessed Value | $67,390,312 | $59,460,000 | +13.3% |
| Land Value | $6,000,173 | $6,000,173 | +0.0% |
| Improvement Value | $61,390,139 | $53,459,827 | +14.8% |
| Taxable Value | $67,390,312 | $59,460,000 | +13.3% |
| Total Tax 2026 = estimate |
~$1,379,133
Estimated
|
~$1,216,840
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $67,390,312 | $67,390,312 | +0 (+0.0%) |
| Taxable Value | $67,390,312 | $67,390,312 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $67,390,312 | $6,000,173 | $61,390,139 | — | $67,390,312 | $67,390,312 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $59,460,000 | $6,000,173 | $53,459,827 | — | $59,460,000 | $59,460,000 | ~$1,216,840 | Partial |
| 2024 | $67,880,000 | — | — | −$61,879,827 | $6,000,173 | $— | $1,275,892 | Verified |
| 2023 | $72,250,000 | — | — | −$66,249,827 | $6,000,173 | $— | $1,231,676 | Verified |
| 2022 | $74,301,595 | — | — | −$69,501,457 | $4,800,138 | $— | $1,426,882 | Verified |
| 2021 | $12,013,894 | — | — | −$9,013,808 | $3,000,086 | $— | $1,617,307 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +13.3% | +13.3% | ~100% | Not available | Partial |
| 2025 | -7.6% | -7.6% | ~100% | Not available | Partial |
| 2024 | -16.0% | -16.0% | ~100% | 1.9800% | Verified |
| 2023 | +6.0% | +6.0% | ~100% | 1.6100% | Verified |
| 2022 | -2.8% | -2.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 13.4600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -20.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +13.3% | +102.1% | +45.6% | +518.5% | 2022 | -12.4% | 2025 |
| Assessment Ratio | 100.0% | 41.4% | — | 100.0% | 2025 | 6.5% | 2022 |
| 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 |
$1,216,840 | $1,353,719 | ~$1,551,447 | $1,617,307 | 2021 | $1,216,840 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$88,687,044 | ~$65,406,000 | ~2.0139% | ~$1,317,235 | +49.2% |
| 2027 | ~$132,280,388 | ~$71,946,600 | ~1.9814% | ~$1,425,541 | +122.5% |
| 2028 | ~$197,301,659 | ~$79,141,260 | ~1.9488% | ~$1,542,336 | +231.8% |
| 2029 | ~$294,283,569 | ~$87,055,386 | ~1.9163% | ~$1,668,235 | +394.9% |
| 2030 | ~$438,936,091 | ~$95,760,925 | ~1.8837% | ~$1,803,889 | +638.2% |
| 2026 | ~$87,497,844 | ~$65,406,000 | ~2.0465% | ~$1,338,524 | +47.2% |
| 2027 | ~$128,756,690 | ~$71,946,600 | ~2.0465% | ~$1,472,376 | +116.5% |
| 2028 | ~$189,470,784 | ~$79,141,260 | ~2.0465% | ~$1,619,614 | +218.7% |
| 2029 | ~$278,814,080 | ~$87,055,386 | ~2.0465% | ~$1,781,575 | +368.9% |
| 2030 | ~$410,286,429 | ~$95,760,925 | ~2.0465% | ~$1,959,733 | +590.0% |
| 2026 | ~$89,876,244 | ~$65,406,000 | ~1.9977% | ~$1,306,591 | +51.2% |
| 2027 | ~$135,851,654 | ~$71,946,600 | ~1.9488% | ~$1,402,124 | +128.5% |
| 2028 | ~$205,345,382 | ~$79,141,260 | ~1.9000% | ~$1,503,697 | +245.4% |
| 2029 | ~$310,388,022 | ~$87,055,386 | ~1.8512% | ~$1,611,564 | +422.0% |
| 2030 | ~$469,164,308 | ~$95,760,925 | ~1.8024% | ~$1,725,967 | +689.0% |
In 2025, this property's market value of $59,460,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 114× 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 | $59,460,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $67,880,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $72,250,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $74,301,595 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $12,013,894 | $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.