8905 PARKFIELD DR TX 78758
| Owner | MORSHED AYESHA SIDDIQUA |
|---|---|
| Parcel ID | 0241140623 |
| Short ID | 246497 |
| Type | Real |
| Use Code | 05 Apartment 5–25 Units |
| Valuation | Income |
| Improvement SF | 6,892 SF |
| Land SF | 11,992 SF |
| Acres | 0.275 |
| Year Built | 1972 |
| Legal | LOT 3A *1ST RESUB OF BLK M QUAIL CREEK PHS 2 SEC 3 |
| Neighborhood | 05NO |
| Land | $179,883 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $179,883 |
| Improvement | $690,117 |
|---|---|
| Total Improvement | $690,117 |
| Market | $870,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $870,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $870,000 |
| Taxable Value | $870,000 |
|---|
Appreciation: Market value has risen +26.2% from $689,200 (2021) to $870,000 (2025), a CAGR of 6.0% 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 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 $17,804. 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 21% of market value ($179,883 land vs $690,117 improvements), about $15/SF of land. Most value sits in the improvements, so building condition, age (~54 yrs), and rent roll drive the underwriting.
Submarket Position: At $870,000, 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 +6.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,164,090 by 2030, with an estimated annual tax burden around $21,928. 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.
12 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 4,800 SF | ✗ |
| 1ST | 1st Floor | 3,446 SF | ✓ |
| 2ND | 2nd Floor | 3,446 SF | ✓ |
| 591 | MASONRY TRIM SF | 2,100 SF | ✗ |
| SO | Sketch Only | 684 SF | ✗ |
| 012C | PORCH OPEN 2 COMM | 566 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 454 SF | ✗ |
| 611 | TERRACE | 220 SF | ✗ |
| 132 | PLBG 5-FIXT AVG | 1 SF | ✓ |
| 269 | OBS RANGE DRP-IN | 1 SF | ✓ |
| 413 | STAIRWAY EXT | 1 SF | ✓ |
| 531 | OBS FENCE | 1 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% | $8,049.24 | $8,049.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $4,558.95 | $4,558.95 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,269.85 | $3,269.85 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,026.80 | $1,026.80 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $899.58 | $899.58 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $17,804.42 | $17,804.42 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $964,880 | $870,000 | +10.9% |
| Assessed Value | $964,880 | $870,000 | +10.9% |
| Land Value | $179,883 | $179,883 | +0.0% |
| Improvement Value | $784,997 | $690,117 | +13.7% |
| Taxable Value | $964,880 | $870,000 | +10.9% |
| Total Tax 2026 = estimate |
~$19,746
Estimated
|
~$17,804
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $964,880 | $964,880 | +0 (+0.0%) |
| Taxable Value | $964,880 | $964,880 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $964,880 | $179,883 | $784,997 | — | $964,880 | $964,880 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $870,000 | $179,883 | $690,117 | — | $870,000 | $870,000 | ~$17,804 | Partial |
| 2024 | $857,423 | — | — | −$677,540 | $179,883 | $— | $17,702 | Verified |
| 2023 | $807,804 | — | — | −$627,921 | $179,883 | $— | $15,513 | Verified |
| 2022 | $720,214 | — | — | −$540,331 | $179,883 | $— | $15,954 | Verified |
| 2021 | $689,200 | — | — | −$509,317 | $179,883 | $— | $15,677 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +10.9% | +10.9% | ~100% | Not available | Partial |
| 2025 | -2.6% | -2.6% | ~100% | Not available | Partial |
| 2024 | +4.2% | +4.2% | ~100% | 1.9800% | Verified |
| 2023 | -11.1% | -11.1% | ~100% | 1.8100% | Verified |
| 2022 | +34.0% | +34.0% | ~100% | 1.6500% | Verified |
| 2021 | base year | — | ~100% | 2.2700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +20.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +10.9% | +7.0% | +3.9% | +12.2% | 2023 | +1.5% | 2025 |
| Assessment Ratio | 100.0% | 49.1% | — | 100.0% | 2025 | 21.0% | 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 |
$17,804 | $16,530 | ~$20,221 | $17,804 | 2025 | $15,513 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$922,174 | ~$922,174 | ~2.0139% | ~$18,572 | +6.0% |
| 2027 | ~$977,476 | ~$977,476 | ~1.9814% | ~$19,368 | +12.4% |
| 2028 | ~$1,036,095 | ~$1,036,095 | ~1.9488% | ~$20,192 | +19.1% |
| 2029 | ~$1,098,230 | ~$1,098,230 | ~1.9163% | ~$21,045 | +26.2% |
| 2030 | ~$1,164,090 | ~$1,164,090 | ~1.8837% | ~$21,928 | +33.8% |
| 2026 | ~$904,774 | ~$904,774 | ~2.0465% | ~$18,516 | +4.0% |
| 2027 | ~$940,937 | ~$940,937 | ~2.0465% | ~$19,256 | +8.2% |
| 2028 | ~$978,546 | ~$978,546 | ~2.0465% | ~$20,026 | +12.5% |
| 2029 | ~$1,017,659 | ~$1,017,659 | ~2.0465% | ~$20,826 | +17.0% |
| 2030 | ~$1,058,334 | ~$1,058,334 | ~2.0465% | ~$21,659 | +21.6% |
| 2026 | ~$939,574 | ~$939,574 | ~1.9977% | ~$18,770 | +8.0% |
| 2027 | ~$1,014,711 | ~$1,014,711 | ~1.9488% | ~$19,775 | +16.6% |
| 2028 | ~$1,095,858 | ~$1,095,858 | ~1.9000% | ~$20,821 | +26.0% |
| 2029 | ~$1,183,493 | ~$1,183,493 | ~1.8512% | ~$21,909 | +36.0% |
| 2030 | ~$1,278,137 | ~$1,278,137 | ~1.8024% | ~$23,037 | +46.9% |
In 2025, this property's market value of $870,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +67% 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 | $870,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $857,423 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $807,804 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $720,214 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $689,200 | $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.