2407 MISSION HILL DR TX 78741
| Owner | WILLIAMS GREGORY D & DANIELLE C |
|---|---|
| Parcel ID | 0311041111 |
| Short ID | 291239 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,588 SF |
| Land SF | 8,050 SF |
| Acres | 0.185 |
| Year Built | 1969 |
| Legal | LOT 3A 1ST RESUB MISSION HILL SEC 3 |
| Neighborhood | F0786 |
| Land | $250,315 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $250,315 |
| Improvement | $500,604 |
|---|---|
| Total Improvement | $500,604 |
| Market | $750,919 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $750,919 |
| Value Limitation Adjustment (−) (homestead cap) | −$13,747 |
| Net Appraised (assessed) | $737,172 |
| Taxable Value | $737,172 |
|---|
Appreciation: Market value has risen +117.7% from $345,000 (2021) to $750,919 (2025), a CAGR of 21.5% over 4 years. This is strong appreciation — well above typical inflation. 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 outpaced 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 $15,086. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Assessment Gap: Assessed value ($737,172) is $13,747 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 33% of market value ($250,315 land vs $500,604 improvements), about $31/SF of land. Most value sits in the improvements, so building condition, age (~57 yrs), and rent roll drive the underwriting.
Submarket Position: At $750,919, 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 +21.5% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,985,229 by 2030, with an estimated annual tax burden around $22,364. 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 | 3,588 SF | ✗ |
| 551 | PAVED AREA | 2,700 SF | ✗ |
| 1ST | 1st Floor | 1,833 SF | ✓ |
| 2ND | 2nd Floor | 1,755 SF | ✓ |
| 612 | TERRACE UNCOVERD | 348 SF | ✗ |
| 581 | STORAGE ATT | 192 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% | $6,659.18 | $6,659.18 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,771.64 | $3,771.64 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,705.17 | $2,705.17 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $849.48 | $849.48 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $744.23 | $744.23 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $14,729.70 | $14,729.70 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $549,368 | $750,919 | -26.8% |
| Assessed Value | $549,368 | $737,172 | -25.5% |
| Land Value | $225,629 | $250,315 | -9.9% |
| Improvement Value | $323,739 | $500,604 | -35.3% |
| Taxable Value | $549,368 | $737,172 | -25.5% |
| Total Tax 2026 = estimate |
~$11,243
Estimated
|
~$14,730
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $578,282 | $549,368 | -28,914 (-5.0%) |
| Taxable Value | $578,282 | $549,368 | -28,914 (-5.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $549,368 | $225,629 | $323,739 | — | $549,368 | $549,368 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $750,919 | $250,315 | $500,604 | −$13,747 | $737,172 | $737,172 | ~$14,730 | Partial |
| 2024 | $741,616 | — | — | −$441,616 | $300,000 | $— | $12,174 | Verified |
| 2023 | $788,953 | — | — | −$613,953 | $175,000 | $— | $13,418 | Verified |
| 2022 | $585,675 | — | — | −$410,675 | $175,000 | $— | $15,581 | Verified |
| 2021 | $345,000 | — | — | −$170,000 | $175,000 | $— | $12,748 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -23.0% | -21.6% | ~100% | Not available | Partial |
| 2025 | +22.2% | +20.0% | 98.2% | Not available | Partial |
| 2024 | -17.2% | -17.2% | ~100% | 1.9800% | Verified |
| 2023 | -6.0% | -6.0% | ~100% | 1.8100% | Verified |
| 2022 | +34.7% | +34.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.7000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +28.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -26.8% | +14.6% | +30.4% | +69.8% | 2022 | -26.8% | 2026 |
| Assessment Ratio | 100.0% | 56.9% | — | 100.0% | 2026 | 22.2% | 2023 |
| Effective Tax Rate (2025) | 1.9600% | 1.9600% | — | 1.9600% | 2025 | 1.9600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$14,730 | $13,730 | ~$19,235 | $15,581 | 2022 | $12,174 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$912,088 | ~$810,889 | ~2.0139% | ~$16,331 | +21.5% |
| 2027 | ~$1,107,848 | ~$891,978 | ~1.9814% | ~$17,674 | +47.5% |
| 2028 | ~$1,345,624 | ~$981,176 | ~1.9488% | ~$19,122 | +79.2% |
| 2029 | ~$1,634,433 | ~$1,079,294 | ~1.9163% | ~$20,682 | +117.7% |
| 2030 | ~$1,985,229 | ~$1,187,223 | ~1.8837% | ~$22,364 | +164.4% |
| 2026 | ~$897,069 | ~$810,889 | ~2.0465% | ~$16,595 | +19.5% |
| 2027 | ~$1,071,665 | ~$891,978 | ~2.0465% | ~$18,254 | +42.7% |
| 2028 | ~$1,280,241 | ~$981,176 | ~2.0465% | ~$20,080 | +70.5% |
| 2029 | ~$1,529,413 | ~$1,079,294 | ~2.0465% | ~$22,088 | +103.7% |
| 2030 | ~$1,827,080 | ~$1,187,223 | ~2.0465% | ~$24,296 | +143.3% |
| 2026 | ~$927,106 | ~$810,889 | ~1.9977% | ~$16,199 | +23.5% |
| 2027 | ~$1,144,632 | ~$891,978 | ~1.9488% | ~$17,383 | +52.4% |
| 2028 | ~$1,413,195 | ~$981,176 | ~1.9000% | ~$18,643 | +88.2% |
| 2029 | ~$1,744,771 | ~$1,079,294 | ~1.8512% | ~$19,980 | +132.4% |
| 2030 | ~$2,154,144 | ~$1,187,223 | ~1.8024% | ~$21,398 | +186.9% |
In 2025, this property's market value of $750,919 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +44% 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 | $750,919 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $741,616 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $788,953 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $585,675 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $345,000 | $300,453 | $376,850 | $539,896 | ↓ Below 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.