515 S CONGRESS AVE TX 78704
| Owner | DJ INTERESTS LTD |
|---|---|
| Parcel ID | 0201010224 |
| Short ID | 187785 |
| Type | Real |
| Use Code | 43 Strip Center (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 17,523 SF |
| Land SF | 37,200 SF |
| Acres | 0.854 |
| Year Built | 1981 |
| Legal | ABS 8 SUR 20 DECKER I ACR .854 |
| Neighborhood | 43CEN |
| Land | $6,844,800 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,844,800 |
| Improvement | $248,986 |
|---|---|
| Total Improvement | $248,986 |
| Market | $7,093,786 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,093,786 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,093,786 |
| Taxable Value | $7,093,786 |
|---|
Appreciation: Market value has risen +36.3% from $5,206,419 (2021) to $7,093,786 (2025), a CAGR of 8.0% over 4 years. This represents moderate, steady growth. 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 +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 $145,173. 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 96% of market value ($6,844,800 land vs $248,986 improvements), about $184/SF of land. With value concentrated in the land under a ~45-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 $7,093,786, 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 +8.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $10,442,435 by 2030, with an estimated annual tax burden around $196,709. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 12,000 SF | ✗ |
| 1ST | 1st Floor | 9,542 SF | ✓ |
| 2ND | 2nd Floor | 7,981 SF | ✓ |
| 501 | CANOPY | 964 SF | ✗ |
| 611 | TERRACE | 964 SF | ✗ |
| 476 | ELEVATOR FREIGHT | 1 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% | $65,631.71 | $65,631.71 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $37,172.64 | $37,172.64 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $26,661.64 | $26,661.64 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,372.30 | $8,372.30 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,334.97 | $7,334.97 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $145,173.26 | $145,173.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,108,610 | $7,093,786 | +0.2% |
| Assessed Value | $7,108,610 | $7,093,786 | +0.2% |
| Land Value | $6,844,800 | $6,844,800 | +0.0% |
| Improvement Value | $263,810 | $248,986 | +6.0% |
| Taxable Value | $7,108,610 | $7,093,786 | +0.2% |
| Total Tax 2026 = estimate |
~$145,477
Estimated
|
~$145,173
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,108,610 | $7,108,610 | +0 (+0.0%) |
| Taxable Value | $7,108,610 | $7,108,610 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,108,610 | $6,844,800 | $263,810 | — | $7,108,610 | $7,108,610 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,093,786 | $6,844,800 | $248,986 | — | $7,093,786 | $7,093,786 | ~$145,173 | Partial |
| 2024 | $6,664,547 | — | — | — | $6,844,800 ! | $— | $140,539 | Verified |
| 2023 | $4,776,266 | — | — | — | $6,664,547 ! | $— | $120,578 | Verified |
| 2022 | $4,606,955 | — | — | −$142,955 | $4,464,000 | $— | $94,328 | Verified |
| 2021 | $5,206,419 | — | — | −$742,419 | $4,464,000 | $— | $100,279 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.2% | +0.2% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +6.4% | +6.4% | ~100% | 1.9800% | Verified |
| 2023 | +39.5% | +39.5% | ~100% | 1.8100% | Verified |
| 2022 | +3.7% | +3.7% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 1.9300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +54.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.2% | +7.7% | +8.0% | +39.5% | 2024 | -11.5% | 2022 |
| Assessment Ratio | 100.0% | 104.1% | — | 139.5% | 2023 | 85.7% | 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 |
$145,173 | $120,179 | ~$174,937 | $145,173 | 2025 | $94,328 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$7,664,129 | ~$7,664,129 | ~2.0139% | ~$154,351 | +8.0% |
| 2027 | ~$8,280,328 | ~$8,280,328 | ~1.9814% | ~$164,065 | +16.7% |
| 2028 | ~$8,946,070 | ~$8,946,070 | ~1.9488% | ~$174,345 | +26.1% |
| 2029 | ~$9,665,338 | ~$9,665,338 | ~1.9163% | ~$185,216 | +36.3% |
| 2030 | ~$10,442,435 | ~$10,442,435 | ~1.8837% | ~$196,709 | +47.2% |
| 2026 | ~$7,522,254 | ~$7,522,254 | ~2.0465% | ~$153,942 | +6.0% |
| 2027 | ~$7,976,601 | ~$7,976,601 | ~2.0465% | ~$163,240 | +12.4% |
| 2028 | ~$8,458,391 | ~$8,458,391 | ~2.0465% | ~$173,100 | +19.2% |
| 2029 | ~$8,969,281 | ~$8,969,281 | ~2.0465% | ~$183,555 | +26.4% |
| 2030 | ~$9,511,029 | ~$9,511,029 | ~2.0465% | ~$194,642 | +34.1% |
| 2026 | ~$7,806,005 | ~$7,803,165 | ~1.9977% | ~$155,881 | +10.0% |
| 2027 | ~$8,589,731 | ~$8,583,481 | ~1.9488% | ~$167,278 | +21.1% |
| 2028 | ~$9,452,144 | ~$9,441,829 | ~1.9000% | ~$179,396 | +33.2% |
| 2029 | ~$10,401,143 | ~$10,386,012 | ~1.8512% | ~$192,265 | +46.6% |
| 2030 | ~$11,445,422 | ~$11,424,613 | ~1.8024% | ~$205,914 | +61.3% |
In 2025, this property's market value of $7,093,786 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $7,093,786 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,664,547 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,776,266 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,606,955 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $5,206,419 | $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.