923 E 41 ST TX 78751
| Owner | RESOLUTE HANCOCK LLC |
|---|---|
| Parcel ID | 0217090443 |
| Short ID | 211827 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 18,578 SF |
| Land SF | 25,040 SF |
| Acres | 0.575 |
| Year Built | 1984 |
| Legal | LOT 1 OLT 21-22 DIV C DURE LEN C SUBD |
| Neighborhood | 05WC2 |
| Land | $1,252,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,252,000 |
| Improvement | $1,224,190 |
|---|---|
| Total Improvement | $1,224,190 |
| Market | $2,476,190 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,476,190 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,476,190 |
| Taxable Value | $2,476,190 |
|---|
Appreciation: Market value has fallen -33.4% from $3,715,600 (2021) to $2,476,190 (2025), a CAGR of -9.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 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 $50,675. 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 51% of market value ($1,252,000 land vs $1,224,190 improvements), about $50/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,476,190, 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 -9.7% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,491,000 by 2030, with an estimated annual tax burden around $28,087. 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.
21 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 7,760 SF | ✗ |
| 2ND | 2nd Floor | 7,302 SF | ✓ |
| 3RD | 3rd Floor | 6,178 SF | ✓ |
| 1ST | 1st Floor | 5,098 SF | ✓ |
| SO | Sketch Only | 2,731 SF | ✗ |
| 487 | PARKING UNDER | 1,755 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 832 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 768 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 704 SF | ✗ |
| 501 | CANOPY | 625 SF | ✗ |
| 601 | POOL COMM'L | 384 SF | ✗ |
| 511 | DECK | 224 SF | ✗ |
| 581C | STORAGE ATT COMM | 180 SF | ✓ |
| 611 | TERRACE | 160 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 142 | BATHTUB AVG | 1 SF | ✓ |
| 152 | COMMODE AVG | 1 SF | ✓ |
| 162 | LAVATORY AVG | 1 SF | ✓ |
| 242 | OBS OVEN/BURN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
Market value changed by 185% in 2026, 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% | $22,909.71 | $22,909.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,975.66 | $12,975.66 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,306.64 | $9,306.64 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,922.47 | $2,922.47 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,560.38 | $2,560.38 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $50,674.86 | $50,674.86 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,741,400 | $2,476,190 | +51.1% |
| Assessed Value | $2,971,428 | $2,476,190 | +20.0% |
| Land Value | $1,252,000 | $1,252,000 | +0.0% |
| Improvement Value | $2,489,400 | $1,224,190 | +103.4% |
| Taxable Value | $2,971,428 | $2,476,190 | +20.0% |
| HS Cap Loss | -$769,972 | — | |
| Total Tax 2026 = estimate |
~$60,810
Estimated
|
~$50,675
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,059,640 | $3,741,400 | -3,318,240 (-47.0%) |
| Taxable Value | $2,971,428 | $2,971,428 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,741,400 | $1,252,000 | $2,489,400 | −$769,972 | $2,971,428 | $2,971,428 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,476,190 | $1,252,000 | $1,224,190 | — | $2,476,190 | $2,476,190 | ~$50,675 | Partial |
| 2024 | $4,087,160 | — | — | −$2,835,160 | $1,252,000 | $— | $58,059 | Verified |
| 2023 | $3,650,000 | — | — | −$2,398,000 | $1,252,000 | $— | $73,947 | Verified |
| 2022 | $3,619,475 | — | — | −$2,367,475 | $1,252,000 | $— | $72,085 | Verified |
| 2021 | $3,715,600 | — | — | −$2,463,600 | $1,252,000 | $— | $78,784 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +185.1% ! | +20.0% | 42.1% | Not available | Partial |
| 2025 | -61.9% | -61.9% | ~100% | Not available | Partial |
| 2024 | +59.1% | +59.1% | ~100% | 0.8900% | Verified |
| 2023 | +12.0% | +12.0% | ~100% | 1.8100% | Verified |
| 2022 | +0.8% | +0.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -31.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +51.1% | +4.4% | -15.8% | +51.1% | 2026 | -39.4% | 2025 |
| Assessment Ratio | 79.4% | 52.1% | — | 100.0% | 2025 | 30.6% | 2024 |
| 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 |
$50,675 | $66,710 | ~$36,083 | $78,784 | 2021 | $50,675 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,237,292 | ~$2,237,292 | ~2.0139% | ~$45,058 | -9.6% |
| 2027 | ~$2,021,443 | ~$2,021,443 | ~1.9814% | ~$40,053 | -18.4% |
| 2028 | ~$1,826,418 | ~$1,826,418 | ~1.9488% | ~$35,594 | -26.2% |
| 2029 | ~$1,650,209 | ~$1,650,209 | ~1.9163% | ~$31,623 | -33.4% |
| 2030 | ~$1,491,000 | ~$1,491,000 | ~1.8837% | ~$28,087 | -39.8% |
| 2026 | ~$2,352,380 | ~$2,352,380 | ~2.0465% | ~$48,141 | -5.0% |
| 2027 | ~$2,234,761 | ~$2,234,761 | ~2.0465% | ~$45,734 | -9.8% |
| 2028 | ~$2,123,023 | ~$2,123,023 | ~2.0465% | ~$43,447 | -14.3% |
| 2029 | ~$2,016,872 | ~$2,016,872 | ~2.0465% | ~$41,275 | -18.5% |
| 2030 | ~$1,916,029 | ~$1,916,029 | ~2.0465% | ~$39,211 | -22.6% |
| 2026 | ~$2,286,816 | ~$2,286,816 | ~1.9977% | ~$45,683 | -7.6% |
| 2027 | ~$2,111,925 | ~$2,111,925 | ~1.9488% | ~$41,158 | -14.7% |
| 2028 | ~$1,950,409 | ~$1,950,409 | ~1.9000% | ~$37,058 | -21.2% |
| 2029 | ~$1,801,246 | ~$1,801,246 | ~1.8512% | ~$33,345 | -27.3% |
| 2030 | ~$1,663,490 | ~$1,663,490 | ~1.8024% | ~$29,982 | -32.8% |
In 2025, this property's market value of $2,476,190 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 | $2,476,190 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $4,087,160 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $3,650,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $3,619,475 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $3,715,600 | $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.