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 +97.9% from $10,385,842 (2021) to $20,550,695 (2025), a CAGR of 18.6% 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 $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 $1,417,484 (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 +18.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $48,228,918 by 2030, with an estimated annual tax burden around $623,464. 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 | ✓ |
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% | $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 |
| 2026 Certified Certified | 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
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $28,050,913 | $28,050,913 | +0 (+0.0%) |
| Taxable Value | $28,050,913 | $28,050,913 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $28,050,913 | $6,429,739 | $21,621,174 | — | $28,050,913 | $28,050,913 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $20,550,695 | $6,429,739 | $14,120,956 | — | $20,550,695 | $20,550,695 | ~$420,567 | Partial |
| 2024 | $20,320,086 | — | — | −$13,890,347 | $6,429,739 | $— | $401,697 | Verified |
| 2023 | $19,007,339 | — | — | −$12,577,600 | $6,429,739 | $— | $367,641 | Verified |
| 2022 | $18,795,130 | — | — | −$12,365,391 | $6,429,739 | $— | $375,380 | Verified |
| 2021 | $10,385,842 | — | — | −$3,956,103 | $6,429,739 | $— | $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% | 1.9800% | Verified |
| 2023 | +6.9% | +6.9% | ~100% | 1.8100% | Verified |
| 2022 | +1.1% | +1.1% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 3.9400% | 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% | +25.3% | +12.3% | +81.0% | 2022 | +1.1% | 2023 |
| Assessment Ratio | 100.0% | 60.2% | — | 100.0% | 2025 | 31.6% | 2024 |
| 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 | ~$536,215 | $420,567 | 2025 | $367,641 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$24,373,770 | ~$22,605,764 | ~2.0139% | ~$455,266 | +18.6% |
| 2027 | ~$28,908,058 | ~$24,866,341 | ~1.9814% | ~$492,699 | +40.7% |
| 2028 | ~$34,285,865 | ~$27,352,975 | ~1.9488% | ~$533,066 | +66.8% |
| 2029 | ~$40,664,114 | ~$30,088,273 | ~1.9163% | ~$576,579 | +97.9% |
| 2030 | ~$48,228,918 | ~$33,097,100 | ~1.8837% | ~$623,464 | +134.7% |
| 2026 | ~$23,962,756 | ~$22,605,764 | ~2.0465% | ~$462,624 | +16.6% |
| 2027 | ~$27,941,327 | ~$24,866,341 | ~2.0465% | ~$508,886 | +36.0% |
| 2028 | ~$32,580,466 | ~$27,352,975 | ~2.0465% | ~$559,775 | +58.5% |
| 2029 | ~$37,989,848 | ~$30,088,273 | ~2.0465% | ~$615,752 | +84.9% |
| 2030 | ~$44,297,357 | ~$33,097,100 | ~2.0465% | ~$677,327 | +115.6% |
| 2026 | ~$24,784,784 | ~$22,605,764 | ~1.9977% | ~$451,587 | +20.6% |
| 2027 | ~$29,891,229 | ~$24,866,341 | ~1.9488% | ~$484,605 | +45.5% |
| 2028 | ~$36,049,762 | ~$27,352,975 | ~1.9000% | ~$519,711 | +75.4% |
| 2029 | ~$43,477,146 | ~$30,088,273 | ~1.8512% | ~$556,992 | +111.6% |
| 2030 | ~$52,434,805 | ~$33,097,100 | ~1.8024% | ~$596,533 | +155.1% |
In 2025, this property's market value of $20,550,695 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 14× 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 | $20,550,695 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $20,320,086 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $19,007,339 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $18,795,130 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $10,385,842 | $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.