2802 WESTHILL DR TX 78704
| Owner | OWENS DEBORAH S & LUCILLE G |
|---|---|
| Parcel ID | 0400101012 |
| Short ID | 302589 |
| Type | Real |
| Use Code | 04 Fourplex |
| Valuation | Income |
| Improvement SF | 3,526 SF |
| Land SF | 10,640 SF |
| Acres | 0.244 |
| Year Built | 1967 |
| Legal | LOT 3 BLK A BARTON VILLAGE SEC 2 & RESUB OF LOT 3 BLK H BARTON HILLS SEC 1 |
| Neighborhood | L1005 |
| Land | $758,400 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $758,400 |
| Improvement | $294,985 |
|---|---|
| Total Improvement | $294,985 |
| Market | $1,053,385 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,053,385 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,053,385 |
| Taxable Value | $1,053,385 |
|---|
Appreciation: Market value has risen +46.4% from $719,346 (2021) to $1,053,385 (2025), a CAGR of 10.0% 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 $21,557. 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 72% of market value ($758,400 land vs $294,985 improvements), about $71/SF of land. With value concentrated in the land under a ~59-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 $1,053,385, 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 +10.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,696,871 by 2030, with an estimated annual tax burden around $31,957. 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.
6 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 3,526 SF | ✗ |
| 1ST | 1st Floor | 1,763 SF | ✓ |
| 2ND | 2nd Floor | 1,763 SF | ✓ |
| 612 | TERRACE UNCOVERD | 288 SF | ✗ |
| 581 | STORAGE ATT | 108 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% | $9,745.92 | $9,745.92 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $5,519.92 | $5,519.92 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,959.09 | $3,959.09 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,243.24 | $1,243.24 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,089.20 | $1,089.20 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $21,557.37 | $21,557.37 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,001,039 | $1,053,385 | -5.0% |
| Assessed Value | $1,001,039 | $1,053,385 | -5.0% |
| Land Value | $758,400 | $758,400 | +0.0% |
| Improvement Value | $242,639 | $294,985 | -17.7% |
| Taxable Value | $1,001,039 | $1,053,385 | -5.0% |
| Total Tax 2026 = estimate |
~$20,486
Estimated
|
~$21,557
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,001,039 | $1,001,039 | +0 (+0.0%) |
| Taxable Value | $1,001,039 | $1,001,039 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,001,039 | $758,400 | $242,639 | — | $1,001,039 | $1,001,039 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,053,385 | $758,400 | $294,985 | — | $1,053,385 | $1,053,385 | ~$21,557 | Partial |
| 2024 | $1,101,937 | — | — | −$201,937 | $900,000 | $— | $22,472 | Verified |
| 2023 | $1,351,081 | — | — | −$451,081 | $900,000 | $— | $19,937 | Verified |
| 2022 | $858,320 | — | — | — | $900,000 ! | $— | $26,683 | Verified |
| 2021 | $719,346 | — | — | −$119,346 | $600,000 | $— | $18,683 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -5.0% | -5.0% | ~100% | Not available | Partial |
| 2025 | -7.1% | -7.1% | ~100% | Not available | Partial |
| 2024 | +2.9% | +2.9% | ~100% | 1.9800% | Verified |
| 2023 | -18.4% | -18.4% | ~100% | 1.8100% | Verified |
| 2022 | +57.4% | +57.4% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.6000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +22.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -5.0% | +9.8% | +11.2% | +57.4% | 2023 | -18.4% | 2024 |
| Assessment Ratio | 100.0% | 89.4% | — | 104.9% | 2022 | 66.6% | 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 |
$21,557 | $21,866 | ~$27,485 | $26,683 | 2022 | $18,683 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,158,776 | ~$1,158,724 | ~2.0139% | ~$23,336 | +10.0% |
| 2027 | ~$1,274,711 | ~$1,274,596 | ~1.9814% | ~$25,255 | +21.0% |
| 2028 | ~$1,402,246 | ~$1,402,055 | ~1.9488% | ~$27,324 | +33.1% |
| 2029 | ~$1,542,540 | ~$1,542,261 | ~1.9163% | ~$29,554 | +46.4% |
| 2030 | ~$1,696,871 | ~$1,696,487 | ~1.8837% | ~$31,957 | +61.1% |
| 2026 | ~$1,137,708 | ~$1,137,708 | ~2.0465% | ~$23,283 | +8.0% |
| 2027 | ~$1,228,781 | ~$1,228,781 | ~2.0465% | ~$25,147 | +16.7% |
| 2028 | ~$1,327,145 | ~$1,327,145 | ~2.0465% | ~$27,160 | +26.0% |
| 2029 | ~$1,433,383 | ~$1,433,383 | ~2.0465% | ~$29,334 | +36.1% |
| 2030 | ~$1,548,125 | ~$1,548,125 | ~2.0465% | ~$31,682 | +47.0% |
| 2026 | ~$1,179,844 | ~$1,158,724 | ~1.9977% | ~$23,147 | +12.0% |
| 2027 | ~$1,321,484 | ~$1,274,596 | ~1.9488% | ~$24,840 | +25.5% |
| 2028 | ~$1,480,127 | ~$1,402,055 | ~1.9000% | ~$26,639 | +40.5% |
| 2029 | ~$1,657,816 | ~$1,542,261 | ~1.8512% | ~$28,550 | +57.4% |
| 2030 | ~$1,856,837 | ~$1,696,487 | ~1.8024% | ~$30,577 | +76.3% |
In 2025, this property's market value of $1,053,385 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — +103% 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 | $1,053,385 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $1,101,937 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $1,351,081 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $858,320 | $506,618 | $615,058 | $906,429 | ↑ Above median | +39.1% |
| 2021 | $719,346 | $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.