1007 S CONGRESS AVE TX 78704
| Owner | MUSIC LANE 1007 OWNER LP |
|---|---|
| Parcel ID | 0201011503 |
| Short ID | 932407 |
| Type | Real |
| Use Code | 52 Office Medium (10–35,000 SF) |
| Valuation | Income |
| Improvement SF | 50,000 SF |
| Land SF | 51,438 SF |
| Acres | 1.181 |
| Year Built | 2019 |
| Legal | UNT COMMERCIAL UNIT CITYVIEW CONDOMINIUMS PLUS 17.8 % INT IN COM AREA |
| Neighborhood | 43CEN |
| Land | $6,429,739 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,429,739 |
| Improvement | $14,120,956 |
|---|---|
| Total Improvement | $14,120,956 |
| Market | $20,550,695 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $20,550,695 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $20,550,695 |
| Taxable Value | $20,550,695 |
|---|
Appreciation: Market value has risen +9.3% from $18,795,130 (2021) to $20,550,695 (2025), a CAGR of 2.3% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 $420,567. 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 31% of market value ($6,429,739 land vs $14,120,956 improvements), about $125/SF of land. Most value sits in the improvements, so building condition, age (~7 yrs), and rent roll drive the underwriting.
Submarket Position: At $20,550,695, 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 +8.3% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $41,864,766 by 2031, with an estimated annual tax burden around $788,624. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 50,000 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% | $190,135.03 | $190,135.03 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $107,689.14 | $107,689.14 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $77,238.76 | $77,238.76 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $24,254.55 | $24,254.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $21,249.42 | $21,249.42 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $420,566.90 | $420,566.90 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $190,135.03 | 45.2% |
| CAT City of Austin | 0.5240% | $107,689.14 | 25.6% |
| TCO Travis County | 0.3758% | $77,238.76 | 18.4% |
| THD Travis Central Health | 0.1180% | $24,254.55 | 5.8% |
| ACT Austin Community College | 0.1034% | $21,249.42 | 5.1% |
| Total | 2.0465% | $420,566.90 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $28,050,913 | $20,550,695 | +36.5% |
| Assessed Value | $28,050,913 | $20,550,695 | +36.5% |
| Land Value | $6,429,739 | $6,429,739 | +0.0% |
| Improvement Value | $21,621,174 | $14,120,956 | +53.1% |
| Taxable Value | $28,050,913 | $20,550,695 | +36.5% |
| Total Tax 2026 = estimate |
~$574,058
Estimated
|
~$420,567
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $28,050,913 | $6,429,739 | $21,621,174 | — | $28,050,913 | $28,050,913 | Not yet — post-cert | Preliminary |
| 2025 | $20,550,695 | $6,429,739 | $14,120,956 | — | $20,550,695 | $20,550,695 | ~$420,567 | Partial |
| 2024 | $20,269,149 | $6,429,739 | $13,839,410 | — | $20,269,149 | $20,269,149 | $401,697 | Verified |
| 2023 | $20,320,086 | $6,429,739 | $13,890,347 | — | $20,320,086 | $20,320,086 | $367,641 | Verified |
| 2022 | $19,007,339 | $6,429,739 | $12,577,600 | — | $19,007,339 | $19,007,339 | $375,380 | Verified |
| 2021 | $18,795,130 | $6,429,739 | $12,365,391 | — | $18,795,130 | $18,795,130 | $409,110 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +36.5% | +36.5% | ~100% | Not available | Partial |
| 2025 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2024 | -0.3% | -0.3% | ~100% | No billing data | Verified |
| 2023 | +6.9% | +6.9% | ~100% | No billing data | Verified |
| 2022 | +1.1% | +1.1% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +9.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +36.5% | +9.1% | +8.3% | +36.5% | 2026 | -0.3% | 2024 |
| 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 |
$420,567 | $394,879 | ~$697,727 | $420,567 | 2025 | $367,641 | 2023 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$30,389,765 | ~$30,389,765 | ~2.0139% | ~$612,031 | +8.3% |
| 2028 | ~$32,923,627 | ~$32,923,627 | ~1.9814% | ~$652,345 | +17.4% |
| 2029 | ~$35,668,759 | ~$35,668,759 | ~1.9488% | ~$695,127 | +27.2% |
| 2030 | ~$38,642,778 | ~$38,642,778 | ~1.9163% | ~$740,508 | +37.8% |
| 2031 | ~$41,864,766 | ~$41,864,766 | ~1.8837% | ~$788,624 | +49.2% |
| 2027 | ~$29,828,746 | ~$29,828,746 | ~2.0465% | ~$610,441 | +6.3% |
| 2028 | ~$31,719,256 | ~$31,719,256 | ~2.0465% | ~$649,130 | +13.1% |
| 2029 | ~$33,729,585 | ~$33,729,585 | ~2.0465% | ~$690,271 | +20.2% |
| 2030 | ~$35,867,326 | ~$35,867,326 | ~2.0465% | ~$734,019 | +27.9% |
| 2031 | ~$38,140,554 | ~$38,140,554 | ~2.0465% | ~$780,541 | +36.0% |
| 2027 | ~$30,950,783 | ~$30,856,004 | ~1.9977% | ~$616,399 | +10.3% |
| 2028 | ~$34,150,438 | ~$33,941,605 | ~1.9488% | ~$661,467 | +21.7% |
| 2029 | ~$37,680,869 | ~$37,335,765 | ~1.9000% | ~$709,386 | +34.3% |
| 2030 | ~$41,576,272 | ~$41,069,342 | ~1.8512% | ~$760,273 | +48.2% |
| 2031 | ~$45,874,377 | ~$45,176,276 | ~1.8024% | ~$814,244 | +63.5% |
In 2025, this property's market value of $20,550,695 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 15× 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 | $20,550,695 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $20,269,149 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $20,320,086 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $19,007,339 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $18,795,130 | $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 | — |