2305 MISSION HILL DR TX 78741
| Owner | WILLIAMS GREGORY D & DANIELLE C |
|---|---|
| Parcel ID | 0311041107 |
| Short ID | 291235 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 4,048 SF |
| Land SF | 9,291 SF |
| Acres | 0.213 |
| Year Built | 1968 |
| Legal | LOT 11 MISSION HILL SEC 2 |
| Neighborhood | F0786 |
| Land | $258,071 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $258,071 |
| Improvement | $420,405 |
|---|---|
| Total Improvement | $420,405 |
| Market | $678,476 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $678,476 |
| Value Limitation Adjustment (−) (homestead cap) | −$4,950 |
| Net Appraised (assessed) | $673,526 |
| Taxable Value | $673,526 |
|---|
Appreciation: Market value has risen +34.2% from $505,649 (2021) to $678,476 (2025), a CAGR of 7.6% over 4 years. This represents moderate, steady growth. 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 $13,784. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($673,526) is $4,950 below market value, suggesting potential for an upward assessment in future years.
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 38% of market value ($258,071 land vs $420,405 improvements), about $28/SF of land. Most value sits in the improvements, so building condition, age (~58 yrs), and rent roll drive the underwriting.
Submarket Position: At $678,476, this parcel sits in the upper-middle (50th–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 +7.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $979,808 by 2030, with an estimated annual tax burden around $18,457. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,048 SF | ✗ |
| 1ST | 1st Floor | 2,024 SF | ✓ |
| 2ND | 2nd Floor | 2,024 SF | ✓ |
| 551 | PAVED AREA | 2,000 SF | ✗ |
| 612 | TERRACE UNCOVERD | 396 SF | ✗ |
| 581 | STORAGE ATT | 198 SF | ✓ |
| 251 | BATHROOM | 6 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% | $5,192.89 | $5,192.89 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $2,941.16 | $2,941.16 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,109.51 | $2,109.51 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $662.43 | $662.43 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $580.36 | $580.36 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $11,486.35 | $11,486.35 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $537,397 | $678,476 | -20.8% |
| Assessed Value | $537,397 | $673,526 | -20.2% |
| Land Value | $241,142 | $258,071 | -6.6% |
| Improvement Value | $296,255 | $420,405 | -29.5% |
| Taxable Value | $537,397 | $673,526 | -20.2% |
| Total Tax 2026 = estimate |
~$10,998
Estimated
|
~$11,486
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $537,397 | $537,397 | +0 (+0.0%) |
| Taxable Value | $537,397 | $537,397 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $537,397 | $241,142 | $296,255 | — | $537,397 | $537,397 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $678,476 | $258,071 | $420,405 | −$4,950 | $673,526 | $673,526 | ~$11,486 | Partial |
| 2024 | $678,414 | — | — | −$378,414 | $300,000 | $— | $11,123 | Verified |
| 2023 | $750,082 | — | — | −$575,082 | $175,000 | $— | $12,274 | Verified |
| 2022 | $513,686 | — | — | −$338,686 | $175,000 | $— | $14,814 | Verified |
| 2021 | $505,649 | — | — | −$330,649 | $175,000 | $— | $11,181 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -20.8% | -20.2% | ~100% | Not available | Partial |
| 2025 | +20.9% | +20.0% | 99.3% | Not available | Partial |
| 2024 | -17.3% | -17.3% | ~100% | 1.9800% | Verified |
| 2023 | -9.6% | -9.6% | ~100% | 1.8100% | Verified |
| 2022 | +46.0% | +46.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +32.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -20.8% | +3.4% | +13.3% | +46.0% | 2023 | -20.8% | 2026 |
| Assessment Ratio | 100.0% | 55.9% | — | 100.0% | 2026 | 23.3% | 2023 |
| Effective Tax Rate (2025) | 1.6900% | 1.6900% | — | 1.6900% | 2025 | 1.6900% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$11,486 | $12,176 | ~$16,533 | $14,814 | 2022 | $11,123 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$730,224 | ~$730,224 | ~2.0139% | ~$14,706 | +7.6% |
| 2027 | ~$785,918 | ~$785,918 | ~1.9814% | ~$15,572 | +15.8% |
| 2028 | ~$845,860 | ~$845,860 | ~1.9488% | ~$16,484 | +24.7% |
| 2029 | ~$910,374 | ~$910,374 | ~1.9163% | ~$17,445 | +34.2% |
| 2030 | ~$979,808 | ~$979,808 | ~1.8837% | ~$18,457 | +44.4% |
| 2026 | ~$716,654 | ~$716,654 | ~2.0465% | ~$14,666 | +5.6% |
| 2027 | ~$756,980 | ~$756,980 | ~2.0465% | ~$15,491 | +11.6% |
| 2028 | ~$799,576 | ~$799,576 | ~2.0465% | ~$16,363 | +17.8% |
| 2029 | ~$844,568 | ~$844,568 | ~2.0465% | ~$17,284 | +24.5% |
| 2030 | ~$892,092 | ~$892,092 | ~2.0465% | ~$18,257 | +31.5% |
| 2026 | ~$743,793 | ~$740,879 | ~1.9977% | ~$14,800 | +9.6% |
| 2027 | ~$815,398 | ~$814,966 | ~1.9488% | ~$15,882 | +20.2% |
| 2028 | ~$893,897 | ~$893,897 | ~1.9000% | ~$16,984 | +31.8% |
| 2029 | ~$979,952 | ~$979,952 | ~1.8512% | ~$18,141 | +44.4% |
| 2030 | ~$1,074,293 | ~$1,074,293 | ~1.8024% | ~$19,363 | +58.3% |
In 2025, this property's market value of $678,476 places it in the 50th–75th percentile for Multi-Family properties in Travis County (12584 comparable) — +31% 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 | $678,476 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $678,414 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $750,082 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $513,686 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $505,649 | $300,453 | $376,850 | $539,896 | ↑ 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.