1011 S CONGRESS AVE TX 78704
| Owner | MUSIC LANE OWNER LLC |
|---|---|
| Parcel ID | 0201010101 |
| Short ID | 187763 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 122,524 SF |
| Land SF | 64,347 SF |
| Acres | 1.477 |
| Year Built | 2019 |
| Legal | ABS 8 SUR 20 DECKER I ACR 1.2015 & LOT 1 CON-CIR ADDN |
| Neighborhood | 51SCN |
| Land | $14,156,450 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $14,156,450 |
| Improvement | $40,934,241 |
|---|---|
| Total Improvement | $40,934,241 |
| Market | $55,090,691 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $55,090,691 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $55,090,691 |
| Taxable Value | $55,090,691 |
|---|
Appreciation: Market value has fallen -8.5% from $60,193,650 (2021) to $55,090,691 (2025), a CAGR of -2.2% 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 Commercial parcel countywide rose +17.8%, so this parcel has lagged the broader commercial 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 $1,127,423. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. 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 26% of market value ($14,156,450 land vs $40,934,241 improvements), about $220/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $55,090,691, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,382,921 (P25 $632,506 / P75 $3,258,143, n=13,595). Commercial here is the broad TCAD category — every commercial 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 -1.1% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $53,757,851 by 2031, with an estimated annual tax burden around $1,012,659. 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 |
|---|---|---|---|
| 187 | PARKING GARAGE | 245,970 SF | ✓ |
| 2ND | 2nd Floor | 46,482 SF | ✓ |
| 1ST | 1st Floor | 41,218 SF | ✓ |
| 3RD | 3rd Floor | 34,824 SF | ✓ |
| 611 | TERRACE | 31,925 SF | ✗ |
| 501 | CANOPY | 3,420 SF | ✗ |
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.
| 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% | $509,699.07 | $509,699.07 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $288,684.59 | $288,684.59 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $207,055.61 | $207,055.61 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $65,019.69 | $65,019.69 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $56,963.77 | $56,963.77 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,127,422.73 | $1,127,422.73 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $509,699.07 | 45.2% |
| CAT City of Austin | 0.5240% | $288,684.59 | 25.6% |
| TCO Travis County | 0.3758% | $207,055.61 | 18.4% |
| THD Travis Central Health | 0.1180% | $65,019.69 | 5.8% |
| ACT Austin Community College | 0.1034% | $56,963.77 | 5.1% |
| Total | 2.0465% | $1,127,422.73 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $56,884,807 | $55,090,691 | +3.3% |
| Assessed Value | $56,884,807 | $55,090,691 | +3.3% |
| Land Value | $14,156,450 | $14,156,450 | +0.0% |
| Improvement Value | $42,728,357 | $40,934,241 | +4.4% |
| Taxable Value | $56,884,807 | $55,090,691 | +3.3% |
| Total Tax 2026 = estimate |
~$1,164,139
Estimated
|
~$1,127,423
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $56,884,807 | $14,156,450 | $42,728,357 | — | $56,884,807 | $56,884,807 | Not yet — post-cert | Preliminary |
| 2025 | $55,090,691 | $14,156,450 | $40,934,241 | — | $55,090,691 | $55,090,691 | ~$1,127,423 | Partial |
| 2024 | $61,204,828 | $14,156,450 | $47,048,378 | — | $61,204,828 | $61,204,828 | $1,212,966 | Verified |
| 2023 | $60,290,370 | $14,156,450 | $46,133,920 | — | $60,290,370 | $60,290,370 | $1,090,802 | Verified |
| 2022 | $61,688,084 | $8,043,438 | $53,644,646 | — | $61,688,084 | $61,688,084 | $1,218,292 | Verified |
| 2021 | $60,193,650 | $8,043,438 | $52,150,212 | — | $60,193,650 | $60,193,650 | $1,310,223 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.3% | +3.3% | ~100% | Not available | Partial |
| 2025 | -10.0% | -10.0% | ~100% | Not available | Partial |
| 2024 | +1.5% | +1.5% | ~100% | No billing data | Verified |
| 2023 | -2.3% | -2.3% | ~100% | No billing data | Verified |
| 2022 | +2.5% | +2.5% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): -8.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +3.3% | -1.0% | -1.1% | +3.3% | 2026 | -10.0% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| 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 |
$1,127,423 | $1,191,941 | ~$1,072,159 | $1,310,223 | 2021 | $1,090,802 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$56,245,193 | ~$56,245,193 | ~2.0139% | ~$1,132,742 | -1.1% |
| 2028 | ~$55,612,771 | ~$55,612,771 | ~1.9814% | ~$1,101,905 | -2.2% |
| 2029 | ~$54,987,459 | ~$54,987,459 | ~1.9488% | ~$1,071,617 | -3.3% |
| 2030 | ~$54,369,179 | ~$54,369,179 | ~1.9163% | ~$1,041,872 | -4.4% |
| 2031 | ~$53,757,851 | ~$53,757,851 | ~1.8837% | ~$1,012,659 | -5.5% |
| 2027 | ~$55,107,497 | ~$55,107,497 | ~2.0465% | ~$1,127,767 | -3.1% |
| 2028 | ~$53,385,717 | ~$53,385,717 | ~2.0465% | ~$1,092,531 | -6.2% |
| 2029 | ~$51,717,732 | ~$51,717,732 | ~2.0465% | ~$1,058,396 | -9.1% |
| 2030 | ~$50,101,862 | ~$50,101,862 | ~2.0465% | ~$1,025,327 | -11.9% |
| 2031 | ~$48,536,479 | ~$48,536,479 | ~2.0465% | ~$993,292 | -14.7% |
| 2027 | ~$57,382,889 | ~$57,382,889 | ~1.9977% | ~$1,146,316 | +0.9% |
| 2028 | ~$57,885,332 | ~$57,885,332 | ~1.9488% | ~$1,128,092 | +1.8% |
| 2029 | ~$58,392,175 | ~$58,392,175 | ~1.9000% | ~$1,109,461 | +2.6% |
| 2030 | ~$58,903,456 | ~$58,903,456 | ~1.8512% | ~$1,090,417 | +3.5% |
| 2031 | ~$59,419,213 | ~$59,419,213 | ~1.8024% | ~$1,070,955 | +4.5% |
In 2025, this property's market value of $55,090,691 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 40× the county median of $1,382,921. Commercial here is the broad TCAD category — every commercial 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 | $55,090,691 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $61,204,828 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $60,290,370 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $61,688,084 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $60,193,650 | $538,645 | $1,173,514 | $2,782,974 | ↑ Top 25% | base yr |
| Source | What it provides | Coverage for this parcel | Confidence |
|---|---|---|---|
| TCAD Certified Appraisal Roll ↗ | Market, assessed, and taxable value; land/improvement split; exemptions | 2025 | Certified |
| Texas Comptroller Annual Jurisdiction Roll (AJR) | Prior-year market and taxable value | 2021–2024 | Verified |
| TCAD Preliminary Export ↗ | First-look 2026 appraisal value, subject to change at certification | 2026 (exported June 9, 2026; certifies July 25, 2026) | Preliminary |
| Travis County Rates History ↗ | Adopted tax rate for each of this parcel's taxing entities | 1990–2025 | Verified |
| TaxCurOpenData | Current-year (2025) tax billing, by taxing entity | 2025 | Partial |
| PIR bulk billing export | Prior-year tax billing, Travis County Tax Office | 2021, 2022, 2023, 2024 | Verified |
| Satellite imagery (Esri World Imagery) | Aerial view of the parcel | Located by geocoding this parcel's address — may not resolve for every address | — |