1603 S CONGRESS AVE TX 78704
| Owner | CABC MINISTRY INVESTMENTS INC |
|---|---|
| Parcel ID | 0302000504 |
| Short ID | 283171 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 77,859 SF |
| Land SF | 41,434 SF |
| Acres | 0.951 |
| Year Built | 2013 |
| Legal | LOT 1-6 BLK 23 SWISHER ADDN |
| Neighborhood | 37SC2 |
| Land | $8,286,854 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $8,286,854 |
| Improvement | $33,713,146 |
|---|---|
| Total Improvement | $33,713,146 |
| Market | $42,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $42,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $42,000,000 |
| Taxable Value | $42,000,000 |
|---|
Appreciation: Market value has risen +57.6% from $26,649,000 (2021) to $42,000,000 (2025), a CAGR of 12.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 outpaced 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 $859,524. Austin ISD is the largest single contributor, at 41.2% 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 20% of market value ($8,286,854 land vs $33,713,146 improvements), about $200/SF of land. Most value sits in the improvements, so building condition, age (~13 yrs), and rent roll drive the underwriting.
Submarket Position: At $42,000,000, 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 +6.6% Base-scenario CAGR (Based on 2021–2026 preliminary trend, projected forward from 2026), the model projects market value near $50,645,692 by 2031, with an estimated annual tax burden around $954,034. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 487 | PARKING UNDER | 76,204 SF | ✓ |
| 1ST | 1st Floor | 28,712 SF | ✓ |
| 2ND | 2nd Floor | 25,039 SF | ✓ |
| 3RD | 3rd Floor | 24,108 SF | ✓ |
| SO | Sketch Only | 10,679 SF | ✗ |
| MEZZ | Mezzanine | 2,686 SF | ✓ |
| 511 | DECK | 2,541 SF | ✗ |
| 407 | LOADING DOCK | 2,141 SF | ✓ |
| 611 | TERRACE | 1,297 SF | ✗ |
| 601 | POOL COMM'L | 704 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% | $333,072.00 | $333,072.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $188,646.12 | $188,646.12 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $135,304.20 | $135,304.20 | Paid |
| P6N | — | — | — | — | — | — | $72,000.00 | $72,000.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $42,488.28 | $42,488.28 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $37,224.00 | $37,224.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $808,734.60 | $808,734.60 | Paid |
| Entity | Tax Rate | Amount Due | Share |
|---|---|---|---|
| IAU Austin ISD | 0.9252% | $333,072.00 | 41.2% |
| CAT City of Austin | 0.5240% | $188,646.12 | 23.3% |
| TCO Travis County | 0.3758% | $135,304.20 | 16.7% |
| P6N | — | $72,000.00 | 8.9% |
| THD Travis Central Health | 0.1180% | $42,488.28 | 5.3% |
| ACT Austin Community College | 0.1034% | $37,224.00 | 4.6% |
| Total | 2.0465% 5 of 6 | $808,734.60 | 100.0% |
| 2026 Preliminary Preliminary | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $36,737,679 | $42,000,000 | -12.5% |
| Assessed Value | $36,737,679 | $42,000,000 | -12.5% |
| Land Value | $8,286,854 | $8,286,854 | +0.0% |
| Improvement Value | $28,450,825 | $33,713,146 | -15.6% |
| Taxable Value | $36,737,679 | $42,000,000 | -12.5% |
| Total Tax 2026 = estimate |
~$751,831
Estimated
|
~$808,735
Partial
|
|
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 Pre | $36,737,679 | $8,286,854 | $28,450,825 | — | $36,737,679 | $36,737,679 | Not yet — post-cert | Preliminary |
| 2025 | $42,000,000 | $8,286,854 | $33,713,146 | — | $42,000,000 | $42,000,000 | ~$808,735 | Partial |
| 2024 | $53,000,000 | $8,286,854 | $44,713,146 | — | $53,000,000 | $53,000,000 | $813,077 | Verified |
| 2023 | $28,000,000 | $8,286,854 | $19,713,146 | — | $28,000,000 | $28,000,000 | $541,190 | Verified |
| 2022 | $26,490,000 | $4,764,941 | $21,725,059 | — | $26,490,000 | $26,490,000 | $547,278 | Verified |
| 2021 | $26,649,000 | $4,764,941 | $21,884,059 | — | $26,649,000 | $26,649,000 | $584,539 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -12.5% | -12.5% | ~100% | Not available | Partial |
| 2025 | -20.8% | -20.8% | ~100% | Not available | Partial |
| 2024 | +89.3% ! | +89.3% | ~100% | No billing data | Verified |
| 2023 | +5.7% | +5.7% | ~100% | No billing data | Verified |
| 2022 | -0.6% | -0.6% | ~100% | No billing data | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +57.6% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -12.5% | +12.2% | +6.6% | +89.3% | 2024 | -20.8% | 2025 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2021 | 100.0% | 2021 |
| Effective Tax Rate (2025) | 1.9300% | 1.9300% | — | 1.9300% | 2025 | 1.9300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$808,735 | $658,963 | ~$869,770 | $813,077 | 2024 | $541,190 | 2023 |
Market value changed by 89% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2027 | ~$39,173,996 | ~$39,173,996 | ~2.0139% | ~$788,939 | +6.6% |
| 2028 | ~$41,771,881 | ~$41,771,881 | ~1.9814% | ~$827,663 | +13.7% |
| 2029 | ~$44,542,049 | ~$44,542,049 | ~1.9488% | ~$868,053 | +21.2% |
| 2030 | ~$47,495,925 | ~$47,495,925 | ~1.9163% | ~$910,160 | +29.3% |
| 2031 | ~$50,645,692 | ~$50,645,692 | ~1.8837% | ~$954,034 | +37.9% |
| 2027 | ~$38,439,242 | ~$38,439,242 | ~2.0465% | ~$786,653 | +4.6% |
| 2028 | ~$40,219,616 | ~$40,219,616 | ~2.0465% | ~$823,088 | +9.5% |
| 2029 | ~$42,082,451 | ~$42,082,451 | ~2.0465% | ~$861,211 | +14.5% |
| 2030 | ~$44,031,566 | ~$44,031,566 | ~2.0465% | ~$901,099 | +19.9% |
| 2031 | ~$46,070,958 | ~$46,070,958 | ~2.0465% | ~$942,835 | +25.4% |
| 2027 | ~$39,908,750 | ~$39,908,750 | ~1.9977% | ~$797,242 | +8.6% |
| 2028 | ~$43,353,536 | ~$43,353,536 | ~1.9488% | ~$844,891 | +18.0% |
| 2029 | ~$47,095,665 | ~$47,095,665 | ~1.9000% | ~$894,826 | +28.2% |
| 2030 | ~$51,160,801 | ~$51,160,801 | ~1.8512% | ~$947,086 | +39.3% |
| 2031 | ~$55,576,826 | ~$55,576,826 | ~1.8024% | ~$1,001,701 | +51.3% |
In 2025, this property's market value of $42,000,000 places it in the top 25% for Commercial properties in Travis County (13595 comparable) — 30× 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 | $42,000,000 | $632,506 | $1,382,921 | $3,258,143 | ↑ Top 25% | -0.8% |
| 2024 | $53,000,000 | $647,500 | $1,401,787 | $3,362,090 | ↑ Top 25% | +0.0% |
| 2023 | $28,000,000 | $651,680 | $1,383,015 | $3,277,245 | ↑ Top 25% | +9.7% |
| 2022 | $26,490,000 | $535,964 | $1,190,250 | $2,842,216 | ↑ Top 25% | +3.3% |
| 2021 | $26,649,000 | $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 | — |