2413 MISSION HILL DR TX 78741
| Owner | THAI RAVEL |
|---|---|
| Parcel ID | 0311041114 |
| Short ID | 291243 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,666 SF |
| Land SF | 9,022 SF |
| Acres | 0.207 |
| Year Built | 1969 |
| Legal | LOT 6A 1ST RESUB MISSION HILL SEC 3 |
| Neighborhood | F0786 |
| Land | $256,390 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $256,390 |
| Improvement | $493,209 |
|---|---|
| Total Improvement | $493,209 |
| Market | $749,599 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $749,599 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $749,599 |
| Taxable Value | $749,599 |
|---|
Appreciation: Market value has risen +70.9% from $438,734 (2021) to $749,599 (2025), a CAGR of 14.3% over 4 years. This is strong appreciation — well above typical inflation. 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 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 $15,340. 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 34% of market value ($256,390 land vs $493,209 improvements), about $28/SF of land. Most value sits in the improvements, so building condition, age (~57 yrs), and rent roll drive the underwriting.
Submarket Position: At $749,599, 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 +14.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,464,245 by 2030, with an estimated annual tax burden around $22,741. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 4,000 SF | ✗ |
| 095 | HVAC RESIDENTIAL | 3,666 SF | ✗ |
| 1ST | 1st Floor | 1,911 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% | $6,935.29 | $6,935.29 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $3,928.03 | $3,928.03 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,817.33 | $2,817.33 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $884.70 | $884.70 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $775.09 | $775.09 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $15,340.44 | $15,340.44 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $576,554 | $749,599 | -23.1% |
| Assessed Value | $576,554 | $749,599 | -23.1% |
| Land Value | $237,780 | $256,390 | -7.3% |
| Improvement Value | $338,774 | $493,209 | -31.3% |
| Taxable Value | $576,554 | $749,599 | -23.1% |
| Total Tax 2026 = estimate |
~$11,799
Estimated
|
~$15,340
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $647,304 | $576,554 | -70,750 (-10.9%) |
| Taxable Value | $647,304 | $576,554 | -70,750 (-10.9%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $576,554 | $237,780 | $338,774 | — | $576,554 | $576,554 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $749,599 | $256,390 | $493,209 | — | $749,599 | $749,599 | ~$15,340 | Partial |
| 2024 | $799,791 | — | — | −$499,791 | $300,000 | $— | $13,020 | Verified |
| 2023 | $850,841 | — | — | −$675,841 | $175,000 | $— | $14,470 | Verified |
| 2022 | $603,400 | — | — | −$428,400 | $175,000 | $— | $16,803 | Verified |
| 2021 | $438,734 | — | — | −$263,734 | $175,000 | $— | $13,134 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -13.6% | -13.6% | ~100% | Not available | Partial |
| 2025 | +14.1% | +14.1% | ~100% | Not available | Partial |
| 2024 | -17.9% | -17.9% | ~100% | 1.9800% | Verified |
| 2023 | -6.0% | -6.0% | ~100% | 1.8100% | Verified |
| 2022 | +41.0% | +41.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.9900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -23.1% | +8.6% | +21.2% | +41.0% | 2023 | -23.1% | 2026 |
| Assessment Ratio | 100.0% | 54.5% | — | 100.0% | 2025 | 20.6% | 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 |
$15,340 | $14,554 | ~$19,559 | $16,803 | 2022 | $13,020 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$857,010 | ~$824,559 | ~2.0139% | ~$16,606 | +14.3% |
| 2027 | ~$979,812 | ~$907,015 | ~1.9814% | ~$17,971 | +30.7% |
| 2028 | ~$1,120,211 | ~$997,716 | ~1.9488% | ~$19,444 | +49.4% |
| 2029 | ~$1,280,727 | ~$1,097,488 | ~1.9163% | ~$21,031 | +70.9% |
| 2030 | ~$1,464,245 | ~$1,207,237 | ~1.8837% | ~$22,741 | +95.3% |
| 2026 | ~$842,018 | ~$824,559 | ~2.0465% | ~$16,874 | +12.3% |
| 2027 | ~$945,832 | ~$907,015 | ~2.0465% | ~$18,562 | +26.2% |
| 2028 | ~$1,062,445 | ~$997,716 | ~2.0465% | ~$20,418 | +41.7% |
| 2029 | ~$1,193,435 | ~$1,097,488 | ~2.0465% | ~$22,460 | +59.2% |
| 2030 | ~$1,340,575 | ~$1,207,237 | ~2.0465% | ~$24,706 | +78.8% |
| 2026 | ~$872,002 | ~$824,559 | ~1.9977% | ~$16,472 | +16.3% |
| 2027 | ~$1,014,392 | ~$907,015 | ~1.9488% | ~$17,676 | +35.3% |
| 2028 | ~$1,180,034 | ~$997,716 | ~1.9000% | ~$18,957 | +57.4% |
| 2029 | ~$1,372,723 | ~$1,097,488 | ~1.8512% | ~$20,317 | +83.1% |
| 2030 | ~$1,596,877 | ~$1,207,237 | ~1.8024% | ~$21,759 | +113.0% |
In 2025, this property's market value of $749,599 places it in the 50th–75th percentile 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 | $749,599 | $438,669 | $519,778 | $749,859 | ↑ Above median | -7.5% |
| 2024 | $799,791 | $467,458 | $564,615 | $848,565 | ↑ Above median | -6.3% |
| 2023 | $850,841 | $503,905 | $617,035 | $919,932 | ↑ Above median | +0.9% |
| 2022 | $603,400 | $506,618 | $615,058 | $906,429 | ↓ Below median | +39.1% |
| 2021 | $438,734 | $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.