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 risen +56.1% from $35,290,115 (2021) to $55,090,691 (2025), a CAGR of 11.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 +24.1%, 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 $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 $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). 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 +11.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $96,130,157 by 2030, with an estimated annual tax burden around $1,671,334. 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 | ✗ |
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% | $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 |
| 2026 Certified Certified | 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
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $56,884,807 | $56,884,807 | +0 (+0.0%) |
| Taxable Value | $56,884,807 | $56,884,807 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $56,884,807 | $14,156,450 | $42,728,357 | — | $56,884,807 | $56,884,807 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $55,090,691 | $14,156,450 | $40,934,241 | — | $55,090,691 | $55,090,691 | ~$1,127,423 | Partial |
| 2024 | $60,290,370 | — | — | −$57,583,656 | $2,706,714 | $— | $1,212,966 | Verified |
| 2023 | $61,688,084 | — | — | −$58,981,370 | $2,706,714 | $— | $1,090,802 | Verified |
| 2022 | $60,193,650 | — | — | −$58,655,744 | $1,537,906 | $— | $1,218,292 | Verified |
| 2021 | $35,290,115 | — | — | −$27,246,677 | $8,043,438 | $— | $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% | 1.9800% | Verified |
| 2023 | -2.3% | -2.3% | ~100% | 1.8100% | Verified |
| 2022 | +2.5% | +2.5% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.7100% | 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% | +13.1% | +11.1% | +70.6% | 2022 | -8.6% | 2025 |
| Assessment Ratio | 100.0% | 39.1% | — | 100.0% | 2025 | 2.6% | 2022 |
| 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 | ~$1,437,442 | $1,310,223 | 2021 | $1,090,802 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$61,579,266 | ~$60,599,760 | ~2.0139% | ~$1,220,441 | +11.8% |
| 2027 | ~$68,832,064 | ~$66,659,736 | ~1.9814% | ~$1,320,788 | +24.9% |
| 2028 | ~$76,939,096 | ~$73,325,710 | ~1.9488% | ~$1,429,000 | +39.7% |
| 2029 | ~$86,000,973 | ~$80,658,281 | ~1.9163% | ~$1,545,647 | +56.1% |
| 2030 | ~$96,130,157 | ~$88,724,109 | ~1.8837% | ~$1,671,334 | +74.5% |
| 2026 | ~$60,477,452 | ~$60,477,452 | ~2.0465% | ~$1,237,662 | +9.8% |
| 2027 | ~$66,390,930 | ~$66,390,930 | ~2.0465% | ~$1,358,680 | +20.5% |
| 2028 | ~$72,882,627 | ~$72,882,627 | ~2.0465% | ~$1,491,532 | +32.3% |
| 2029 | ~$80,009,081 | ~$80,009,081 | ~2.0465% | ~$1,637,374 | +45.2% |
| 2030 | ~$87,832,359 | ~$87,832,359 | ~2.0465% | ~$1,797,476 | +59.4% |
| 2026 | ~$62,681,080 | ~$60,599,760 | ~1.9977% | ~$1,210,579 | +13.8% |
| 2027 | ~$71,317,271 | ~$66,659,736 | ~1.9488% | ~$1,299,091 | +29.5% |
| 2028 | ~$81,143,356 | ~$73,325,710 | ~1.9000% | ~$1,393,201 | +47.3% |
| 2029 | ~$92,323,277 | ~$80,658,281 | ~1.8512% | ~$1,493,141 | +67.6% |
| 2030 | ~$105,043,567 | ~$88,724,109 | ~1.8024% | ~$1,599,138 | +90.7% |
In 2025, this property's market value of $55,090,691 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 39× the county median of $1,417,484. 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 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $60,290,370 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $61,688,084 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $60,193,650 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $35,290,115 | $517,750 | $1,142,600 | $2,780,453 | ↑ 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.