2304 HANCOCK DR B-8 TX 78756
| Owner | NICOLS JOSEPH C JR & CAROL A E |
|---|---|
| Parcel ID | 0227030594 |
| Short ID | 476863 |
| Type | Real |
| Use Code | 23 Small Office Condo |
| Valuation | Income |
| Improvement SF | 1,254 SF |
| Land SF | 28,160 SF |
| Acres | 0.646 |
| Year Built | 1971 |
| Legal | UNT 8 BLD B HANCOCK PROFESSIONAL CONDOMINIUM PLUS 15.25% INTEREST IN COMMON AREA |
| Neighborhood | 23NC02 |
| Land | $1,267,201 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,267,201 |
| Improvement | $1,053,563 |
|---|---|
| Total Improvement | $1,053,563 |
| Market | $2,320,764 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $2,320,764 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $2,320,764 |
| Taxable Value | $2,320,764 |
|---|
Appreciation: Market value has risen +22.8% from $1,889,732 (2021) to $2,320,764 (2025), a CAGR of 5.3% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has lagged the broader commercial 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 $47,494. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 55% of market value ($1,267,201 land vs $1,053,563 improvements), about $45/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $2,320,764, this parcel sits in the upper-middle (50th–75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial 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 +5.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,000,333 by 2030, with an estimated annual tax burden around $56,519. 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 | 1,254 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 476863 | AUSTIN DENTAL CENTER P C | 2304 A HANCOCK DR A-1 78756 | $459,627 | $459,627 | $459,627 |
| 476864 | AUSTIN DENTAL CENTER P C | 2304 HANCOCK DR A-2 78756 | $314,770 | $314,770 | $314,770 |
| 476865 | HANCOCK OFFICE LLC | 2304 HANCOCK DR B-3 78756 | $309,729 | $309,729 | $309,729 |
| 476866 | ROBINSON TOM E & ELSBETH P | 2304 HANCOCK DR B-4 78756 | $233,959 | $233,959 | $233,959 |
| 476867 | ROBINSON TOM E | 2304 HANCOCK DR B-5 78756 | $310,728 | $310,728 | $310,728 |
| 476868 | TEO KWEE LAN | 2304 HANCOCK DR B-6 78756 | $233,561 | $233,561 | $233,561 |
| 476869 | NICOLS JOSEPH C JR & CAROL A E | 2304 HANCOCK DR B-7 78756 | $343,591 | $343,591 | $343,591 |
| 476870 | NICOLS JOSEPH C JR & CAROL A E | 2304 HANCOCK DR B-8 78756 | $412,183 | $412,183 | $412,183 |
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% | $21,471.71 | $21,471.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,161.20 | $12,161.20 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,722.48 | $8,722.48 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,739.05 | $2,739.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,399.67 | $2,399.67 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $47,494.11 | $47,494.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,618,148 | $2,320,764 | +12.8% |
| Assessed Value | $2,618,148 | $2,320,764 | +12.8% |
| Land Value | $1,267,201 | $1,267,201 | +0.0% |
| Improvement Value | $1,350,947 | $1,053,563 | +28.2% |
| Taxable Value | $2,618,148 | $2,320,764 | +12.8% |
| Total Tax 2026 = estimate |
~$53,580
Estimated
|
~$47,494
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,755,022 | $2,618,148 | -136,874 (-5.0%) |
| Taxable Value | $2,735,334 | $2,618,148 | -117,186 (-4.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,618,148 | $1,267,201 | $1,350,947 | — | $2,618,148 | $2,618,148 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $2,320,764 | $1,267,201 | $1,053,563 | — | $2,320,764 | $2,320,764 | ~$47,494 | Partial |
| 2024 | $2,886,487 | — | — | −$1,619,286 | $1,267,201 | $— | $49,134 | Verified |
| 2023 | $2,454,406 | — | — | −$1,187,205 | $1,267,201 | $— | $52,224 | Verified |
| 2022 | $2,388,516 | — | — | −$1,121,315 | $1,267,201 | $— | $48,473 | Verified |
| 2021 | $1,889,732 | — | — | −$622,531 | $1,267,201 | $— | $51,990 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +17.0% | +17.0% | ~100% | Not available | Partial |
| 2025 | -6.7% | -6.7% | ~100% | Not available | Partial |
| 2024 | -13.8% | -13.8% | ~100% | 1.9800% | Verified |
| 2023 | +16.3% | +16.3% | ~100% | 1.7800% | Verified |
| 2022 | -10.7% | -10.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.7500% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -16.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.8% | +8.0% | +2.9% | +26.4% | 2022 | -19.6% | 2025 |
| Assessment Ratio | 100.0% | 69.3% | — | 100.0% | 2025 | 43.9% | 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 |
$47,494 | $49,863 | ~$52,812 | $52,224 | 2023 | $47,494 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,443,086 | ~$2,443,086 | ~2.0139% | ~$49,202 | +5.3% |
| 2027 | ~$2,571,854 | ~$2,571,854 | ~1.9814% | ~$50,958 | +10.8% |
| 2028 | ~$2,707,410 | ~$2,707,410 | ~1.9488% | ~$52,763 | +16.7% |
| 2029 | ~$2,850,111 | ~$2,850,111 | ~1.9163% | ~$54,616 | +22.8% |
| 2030 | ~$3,000,333 | ~$3,000,333 | ~1.8837% | ~$56,519 | +29.3% |
| 2026 | ~$2,396,670 | ~$2,396,670 | ~2.0465% | ~$49,047 | +3.3% |
| 2027 | ~$2,475,059 | ~$2,475,059 | ~2.0465% | ~$50,652 | +6.6% |
| 2028 | ~$2,556,012 | ~$2,556,012 | ~2.0465% | ~$52,308 | +10.1% |
| 2029 | ~$2,639,613 | ~$2,639,613 | ~2.0465% | ~$54,019 | +13.7% |
| 2030 | ~$2,725,948 | ~$2,725,948 | ~2.0465% | ~$55,786 | +17.5% |
| 2026 | ~$2,489,501 | ~$2,489,501 | ~1.9977% | ~$49,732 | +7.3% |
| 2027 | ~$2,670,506 | ~$2,670,506 | ~1.9488% | ~$52,044 | +15.1% |
| 2028 | ~$2,864,672 | ~$2,864,672 | ~1.9000% | ~$54,429 | +23.4% |
| 2029 | ~$3,072,955 | ~$3,072,955 | ~1.8512% | ~$56,886 | +32.4% |
| 2030 | ~$3,296,381 | ~$3,296,381 | ~1.8024% | ~$59,413 | +42.0% |
In 2025, this property's market value of $2,320,764 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +64% above the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial 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 | $2,320,764 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,886,487 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,454,406 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $2,388,516 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,889,732 | $517,750 | $1,142,600 | $2,780,453 | ↑ 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.