300 CANION ST TX 78752
| Owner | WILLIAMS MICHAEL D & THOMAS S HEBSON |
|---|---|
| Parcel ID | 0229110412 |
| Short ID | 230124 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 1,220 SF |
| Land SF | 6,954 SF |
| Acres | 0.160 |
| Year Built | 1967 |
| Legal | LOT 14 BLK M PLAZA PLACE |
| Neighborhood | Y7005 |
| Land | $267,168 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $267,168 |
| Improvement | $15,187 |
|---|---|
| Total Improvement | $15,187 |
| Market | $282,355 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $282,355 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $282,355 |
| Taxable Value | $282,355 |
|---|
Appreciation: Market value has risen +8.2% from $260,845 (2021) to $282,355 (2025), a CAGR of 2.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2022→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 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 $5,778. 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 95% of market value ($267,168 land vs $15,187 improvements), about $38/SF of land. With value concentrated in the land under a ~59-year-old structure, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $282,355, this parcel sits in the bottom quartile (<25th 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 +2.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $311,754 by 2030, with an estimated annual tax burden around $5,873. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 1,220 SF | ✓ |
| 095 | HVAC RESIDENTIAL | 1,220 SF | ✗ |
| 061 | CARPORT ATT 1ST | 322 SF | ✗ |
| 581 | STORAGE ATT | 39 SF | ✓ |
| 251 | BATHROOM | 2 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% | $2,612.35 | $2,612.35 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $1,479.59 | $1,479.59 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,061.22 | $1,061.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $333.24 | $333.24 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $291.96 | $291.96 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $5,778.36 | $5,778.36 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $196,069 | $282,355 | -30.6% |
| Assessed Value | $196,069 | $282,355 | -30.6% |
| Land Value | $178,112 | $267,168 | -33.3% |
| Improvement Value | $17,957 | $15,187 | +18.2% |
| Taxable Value | $196,069 | $282,355 | -30.6% |
| Total Tax 2026 = estimate |
~$4,013
Estimated
|
~$5,778
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $227,511 | $196,069 | -31,442 (-13.8%) |
| Taxable Value | $227,511 | $196,069 | -31,442 (-13.8%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $196,069 | $178,112 | $17,957 | — | $196,069 | $196,069 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $282,355 | $267,168 | $15,187 | — | $282,355 | $282,355 | ~$5,778 | Partial |
| 2024 | $393,875 | — | — | −$138,875 | $255,000 | $— | $6,283 | Verified |
| 2023 | $400,909 | — | — | −$145,909 | $255,000 | $— | $7,126 | Verified |
| 2022 | $262,800 | — | — | −$7,800 | $255,000 | $— | $7,918 | Verified |
| 2021 | $260,845 | — | — | −$90,845 | $170,000 | $— | $5,720 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -19.4% | -19.4% | ~100% | Not available | Partial |
| 2025 | -10.9% | -10.9% | ~100% | Not available | Partial |
| 2024 | -19.5% | -19.5% | ~100% | 1.9800% | Verified |
| 2023 | -1.8% | -1.8% | ~100% | 1.8100% | Verified |
| 2022 | +37.7% | +37.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -3.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -30.6% | -1.5% | +11.0% | +52.6% | 2023 | -30.6% | 2026 |
| Assessment Ratio | 100.0% | 81.8% | — | 100.0% | 2025 | 63.6% | 2023 |
| 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 |
$5,778 | $6,565 | ~$5,838 | $7,918 | 2022 | $5,720 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$288,004 | ~$288,004 | ~2.0139% | ~$5,800 | +2.0% |
| 2027 | ~$293,766 | ~$293,766 | ~1.9814% | ~$5,821 | +4.0% |
| 2028 | ~$299,644 | ~$299,644 | ~1.9488% | ~$5,840 | +6.1% |
| 2029 | ~$305,639 | ~$305,639 | ~1.9163% | ~$5,857 | +8.2% |
| 2030 | ~$311,754 | ~$311,754 | ~1.8837% | ~$5,873 | +10.4% |
| 2026 | ~$282,357 | ~$282,357 | ~2.0465% | ~$5,778 | +0.0% |
| 2027 | ~$282,359 | ~$282,359 | ~2.0465% | ~$5,778 | +0.0% |
| 2028 | ~$282,361 | ~$282,361 | ~2.0465% | ~$5,778 | +0.0% |
| 2029 | ~$282,363 | ~$282,363 | ~2.0465% | ~$5,779 | +0.0% |
| 2030 | ~$282,365 | ~$282,365 | ~2.0465% | ~$5,779 | +0.0% |
| 2026 | ~$293,651 | ~$293,651 | ~1.9977% | ~$5,866 | +4.0% |
| 2027 | ~$305,399 | ~$305,399 | ~1.9488% | ~$5,952 | +8.2% |
| 2028 | ~$317,618 | ~$317,618 | ~1.9000% | ~$6,035 | +12.5% |
| 2029 | ~$330,325 | ~$330,325 | ~1.8512% | ~$6,115 | +17.0% |
| 2030 | ~$343,540 | ~$343,540 | ~1.8024% | ~$6,192 | +21.7% |
In 2025, this property's market value of $282,355 places it in the bottom 25% for Multi-Family properties in Travis County (12584 comparable) — -46% below 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 | $282,355 | $438,669 | $519,778 | $749,859 | ↓ Bottom 25% | -7.5% |
| 2024 | $393,875 | $467,458 | $564,615 | $848,565 | ↓ Bottom 25% | -6.3% |
| 2023 | $400,909 | $503,905 | $617,035 | $919,932 | ↓ Bottom 25% | +0.9% |
| 2022 | $262,800 | $506,618 | $615,058 | $906,429 | ↓ Bottom 25% | +39.1% |
| 2021 | $260,845 | $300,453 | $376,850 | $539,896 | ↓ Bottom 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.