306 FRANKLIN BLVD TX 78751
| Owner | VORA SHAAN & PURVI |
|---|---|
| Parcel ID | 0225091020 |
| Short ID | 225089 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 3,368 SF |
| Land SF | 7,949 SF |
| Acres | 0.182 |
| Year Built | 2012 |
| Legal | LOT 121 NORTHFIELD ADDN |
| Neighborhood | Y1005 |
| Land | $438,972 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $438,972 |
| Improvement | $766,341 |
|---|---|
| Total Improvement | $766,341 |
| Market | $1,205,313 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,205,313 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,205,313 |
| Taxable Value | $1,205,313 |
|---|
Appreciation: Market value has risen +50.6% from $800,140 (2021) to $1,205,313 (2025), a CAGR of 10.8% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $24,667. 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 cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 36% of market value ($438,972 land vs $766,341 improvements), about $55/SF of land. Most value sits in the improvements, so building condition, age (~14 yrs), and rent roll drive the underwriting.
Submarket Position: At $1,205,313, 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 +10.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,011,487 by 2030, with an estimated annual tax burden around $36,567. 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.
8 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,368 SF | ✗ |
| 1ST | 1st Floor | 2,078 SF | ✓ |
| 2ND | 2nd Floor | 1,290 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 232 SF | ✓ |
| 061 | CARPORT ATT 1ST | 200 SF | ✗ |
| 011 | PORCH OPEN 1ST F | 128 SF | ✗ |
| 252 | BEDROOMS | 6 SF | ✓ |
| 251 | BATHROOM | 4 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% | $11,151.56 | $11,151.56 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $6,316.05 | $6,316.05 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $4,530.11 | $4,530.11 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,422.55 | $1,422.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,246.29 | $1,246.29 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $24,666.56 | $24,666.56 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,084,200 | $1,205,313 | -10.0% |
| Assessed Value | $1,084,200 | $1,205,313 | -10.0% |
| Land Value | $384,100 | $438,972 | -12.5% |
| Improvement Value | $700,100 | $766,341 | -8.6% |
| Taxable Value | $1,084,200 | $1,205,313 | -10.0% |
| Total Tax 2026 = estimate |
~$22,188
Estimated
|
~$24,667
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,134,750 | $1,084,200 | -50,550 (-4.5%) |
| Taxable Value | $1,134,750 | $1,084,200 | -50,550 (-4.5%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,084,200 | $384,100 | $700,100 | — | $1,084,200 | $1,084,200 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,205,313 | $438,972 | $766,341 | — | $1,205,313 | $1,205,313 | ~$24,667 | Partial |
| 2024 | $1,194,172 | — | — | −$744,172 | $450,000 | $— | $28,400 | Verified |
| 2023 | $1,123,683 | — | — | −$673,683 | $450,000 | $— | $21,606 | Verified |
| 2022 | $943,300 | — | — | −$493,300 | $450,000 | $— | $22,192 | Verified |
| 2021 | $800,140 | — | — | −$525,140 | $275,000 | $— | $20,533 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.9% | -5.9% | ~100% | Not available | Partial |
| 2025 | -17.5% | -15.9% | ~100% | Not available | Partial |
| 2024 | +22.3% | +20.0% | 98.1% | 1.9400% | Verified |
| 2023 | +6.3% | +6.3% | ~100% | 1.8100% | Verified |
| 2022 | +19.1% | +19.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.5700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +27.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -10.0% | +6.8% | +13.3% | +19.1% | 2023 | -10.0% | 2026 |
| Assessment Ratio | 100.0% | 60.0% | — | 100.0% | 2025 | 34.4% | 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 |
$24,667 | $23,479 | ~$31,450 | $28,400 | 2024 | $20,533 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,335,314 | ~$1,325,844 | ~2.0139% | ~$26,702 | +10.8% |
| 2027 | ~$1,479,336 | ~$1,458,429 | ~1.9814% | ~$28,897 | +22.7% |
| 2028 | ~$1,638,892 | ~$1,604,272 | ~1.9488% | ~$31,265 | +36.0% |
| 2029 | ~$1,815,657 | ~$1,764,699 | ~1.9163% | ~$33,817 | +50.6% |
| 2030 | ~$2,011,487 | ~$1,941,169 | ~1.8837% | ~$36,567 | +66.9% |
| 2026 | ~$1,311,207 | ~$1,311,207 | ~2.0465% | ~$26,834 | +8.8% |
| 2027 | ~$1,426,405 | ~$1,426,405 | ~2.0465% | ~$29,191 | +18.3% |
| 2028 | ~$1,551,724 | ~$1,551,724 | ~2.0465% | ~$31,756 | +28.7% |
| 2029 | ~$1,688,053 | ~$1,688,053 | ~2.0465% | ~$34,546 | +40.1% |
| 2030 | ~$1,836,359 | ~$1,836,359 | ~2.0465% | ~$37,581 | +52.4% |
| 2026 | ~$1,359,420 | ~$1,325,844 | ~1.9977% | ~$26,486 | +12.8% |
| 2027 | ~$1,533,230 | ~$1,458,429 | ~1.9488% | ~$28,422 | +27.2% |
| 2028 | ~$1,729,264 | ~$1,604,272 | ~1.9000% | ~$30,481 | +43.5% |
| 2029 | ~$1,950,361 | ~$1,764,699 | ~1.8512% | ~$32,668 | +61.8% |
| 2030 | ~$2,199,727 | ~$1,941,169 | ~1.8024% | ~$34,987 | +82.5% |
In 2025, this property's market value of $1,205,313 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +132% 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 | $1,205,313 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,194,172 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,123,683 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $943,300 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $800,140 | $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.