309 PARK LN AUSTIN, TX 78704
| Owner | CHAPIN NATHANIEL & ELIZABETH |
|---|---|
| Parcel ID | 0300010905 |
| Short ID | 282752 |
| Type | Real |
| Use Code | 02 Duplex |
| Valuation | Cost |
| Improvement SF | 4,089 SF |
| Land SF | 15,371 SF |
| Acres | 0.353 |
| Year Built | 1930 |
| Legal | E126.63FTX137.43FT AV BLK 12B&12C FAIRVIEW PARK |
| Neighborhood | K4005 |
| Land | $823,374 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $823,374 |
| Improvement | $351,850 |
|---|---|
| Total Improvement | $351,850 |
| Market | $1,175,224 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,175,224 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,175,224 |
| Exemptions (−) (HS,HT) | −$616,814 |
|---|---|
| Taxable Value | $558,410 |
Appreciation: Market value has fallen -14.6% from $1,375,570 (2021) to $1,175,224 (2025), a CAGR of -3.9% 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 $11,428. Austin ISD is the largest single contributor, at 53.1% 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 70% of market value ($823,374 land vs $351,850 improvements), about $54/SF of land. With value concentrated in the land under a ~96-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 $1,175,224, 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 -3.9% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $965,313 by 2030, with an estimated annual tax burden around $18,184. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 2,218 SF | ✓ |
| 2ND | 2nd Floor | 1,763 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 596 SF | ✗ |
| 051 | CARPORT DET 1ST | 594 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 296 SF | ✗ |
| 3RD | 3rd Floor | 108 SF | ✓ |
| 251 | BATHROOM | 4 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| 604 | POOL RES CONC | 1 SF | ✗ |
| 447 | SPA CONCRETE | 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% | $7,811.83 | $7,811.83 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,926.16 | $2,926.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,098.76 | $2,098.76 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,203.03 | $1,203.03 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $659.05 | $659.05 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,698.83 | $14,698.83 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,105,247 | $1,175,224 | -6.0% |
| Assessed Value | $1,105,247 | $1,175,224 | -6.0% |
| Land Value | $823,374 | $823,374 | +0.0% |
| Improvement Value | $281,873 | $351,850 | -19.9% |
| Taxable Value | — | $558,410 | — |
| Exemptions | HS,HT,OV65 | HS,HT | |
| Total Tax | Pending certification |
~$14,699
Partial
|
|
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,267,485 | $1,105,247 | -162,238 (-12.8%) |
| Taxable Value | $14,970 | — | — |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,105,247 | $823,374 | $281,873 | — | $1,105,247 | $— | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,175,224 | $823,374 | $351,850 | — | $1,175,224 | $558,410 | ~$14,699 | Partial |
| 2024 | $3,411,744 | — | — | −$2,331,744 | $1,080,000 | $— | $25,300 | Verified |
| 2023 | $2,465,347 | — | — | −$1,385,347 | $1,080,000 | $— | $20,920 | Verified |
| 2022 | $1,761,877 | — | — | −$681,877 | $1,080,000 | $— | $20,027 | Verified |
| 2021 | $1,375,570 | — | — | −$768,070 | $607,500 | $— | $20,117 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +7.9% | +7.9% | ~100% | Not available | Partial |
| 2025 | -49.9% | -19.6% | ~100% | Not available | Partial |
| 2024 | -31.2% | +10.0% | 62.3% | 1.0800% | Verified |
| 2023 | +38.4% | +17.0% | 39.0% | 0.6100% | Verified |
| 2022 | +39.9% | +10.0% | 46.1% | 0.8100% | Verified |
| 2021 | base year | — | 58.6% | 1.4600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -33.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -6.0% | +7.0% | -2.6% | +39.9% | 2023 | -65.6% | 2025 |
| Assessment Ratio | 100.0% | 63.5% | — | 100.0% | 2025 | 31.7% | 2024 |
| Effective Tax Rate (2025) | 1.2500% | 1.2500% | — | 1.2500% | 2025 | 1.2500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$14,699 | $20,212 | ~$20,411 | $25,300 | 2024 | $14,699 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,129,874 | ~$1,129,874 | ~2.0139% | ~$22,755 | -3.9% |
| 2027 | ~$1,086,275 | ~$1,086,275 | ~1.9814% | ~$21,523 | -7.6% |
| 2028 | ~$1,044,357 | ~$1,044,357 | ~1.9488% | ~$20,353 | -11.1% |
| 2029 | ~$1,004,058 | ~$1,004,058 | ~1.9163% | ~$19,241 | -14.6% |
| 2030 | ~$965,313 | ~$965,313 | ~1.8837% | ~$18,184 | -17.9% |
| 2026 | ~$1,116,463 | ~$1,116,463 | ~2.0465% | ~$22,848 | -5.0% |
| 2027 | ~$1,060,640 | ~$1,060,640 | ~2.0465% | ~$21,706 | -9.7% |
| 2028 | ~$1,007,608 | ~$1,007,608 | ~2.0465% | ~$20,621 | -14.3% |
| 2029 | ~$957,227 | ~$957,227 | ~2.0465% | ~$19,590 | -18.5% |
| 2030 | ~$909,366 | ~$909,366 | ~2.0465% | ~$18,610 | -22.6% |
| 2026 | ~$1,153,379 | ~$1,153,379 | ~1.9977% | ~$23,041 | -1.9% |
| 2027 | ~$1,131,940 | ~$1,131,940 | ~1.9488% | ~$22,060 | -3.7% |
| 2028 | ~$1,110,899 | ~$1,110,899 | ~1.9000% | ~$21,107 | -5.5% |
| 2029 | ~$1,090,250 | ~$1,090,250 | ~1.8512% | ~$20,183 | -7.2% |
| 2030 | ~$1,069,984 | ~$1,069,984 | ~1.8024% | ~$19,285 | -9.0% |
In 2025, this property's market value of $1,175,224 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +126% 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 | $1,175,224 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $3,411,744 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,465,347 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $1,761,877 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $1,375,570 | $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.