300 S CONGRESS AVE TX 78704
| Owner | 300 SOUTH CONGRESS GROUND LEASE LP |
|---|---|
| Parcel ID | 0202000208 |
| Short ID | 188636 |
| Type | Real |
| Use Code | 87 Parking Garage |
| Valuation | Income |
| Improvement SF | 99,759 SF |
| Land SF | 118,944 SF |
| Acres | 2.731 |
| Year Built | 1984 |
| Legal | IMP ONLY LOT 1 CROCKETT MAE ESTATE SUBD NO 3 |
| Neighborhood | 87004 |
| Land | $27,357,120 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $27,357,120 |
| Improvement | $26,388,880 |
|---|---|
| Total Improvement | $26,388,880 |
| Market | $61,919,839 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $61,919,839 |
| Value Limitation Adjustment (−) (homestead cap) | −$1,113,797 |
| Net Appraised (assessed) | $60,806,042 |
| Taxable Value | $60,806,042 |
|---|
Appreciation: Market value has risen +16.7% from $53,038,140 (2021) to $61,919,839 (2025), a CAGR of 3.9% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2024→2025), 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 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 $1,244,387. Austin ISD is the largest single contributor, at 43.3% of the total 2025 levy.
Assessment Gap: Assessed value ($60,806,042) is $1,113,797 below market value, suggesting potential for an upward assessment in future years.
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 44% of market value ($27,357,120 land vs $26,388,880 improvements), about $230/SF of land. Most value sits in the improvements, so building condition, age (~42 yrs), and rent roll drive the underwriting.
Submarket Position: At $61,919,839, 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 +4.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $75,141,824 by 2030, with an estimated annual tax burden around $1,415,478. 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.
7 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 41,770 SF | ✗ |
| 2ND | 2nd Floor | 34,403 SF | ✓ |
| 3RD | 3rd Floor | 34,403 SF | ✓ |
| 4TH | 4th Floor | 34,403 SF | ✓ |
| 5TH | 5th Floor | 34,403 SF | ✓ |
| 1ST | 1st Floor | 30,953 SF | ✓ |
| 551 | PAVED AREA | 754 SF | ✗ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 188636 | WEBSTER INTEREST 300 SOUTH CONGRESS LLC | 300 CONGRESS AVE 78704 | $55,472,300 | $55,472,300 | $55,472,300 |
| 359090 | BARTON SPRINGS CENTER LTD | 301 BARTON SPRINGS RD 78704 | $850,000 | $850,000 | $850,000 |
| 487188 | BARTON SPRINGS CENTER LTD | 300 CONGRESS AVE 78704 | $6,152,026 | $6,152,026 | $6,152,026 |
Market value changed by 85% in 2022, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| 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% | $561,559.78 | $561,559.78 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $318,057.58 | $318,057.58 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $228,123.03 | $228,123.03 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $71,635.29 | $71,635.29 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $62,759.70 | $62,759.70 | Paid |
| P2U | — | — | — | — | — | — | $54,756.34 | $54,756.34 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,296,891.72 | $1,296,891.72 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $62,474,326 | $61,919,839 | +0.9% |
| Assessed Value | $62,474,326 | $60,806,042 | +2.7% |
| Land Value | $27,357,120 | $27,357,120 | +0.0% |
| Improvement Value | $28,115,180 | $26,388,880 | +6.5% |
| Taxable Value | $62,474,326 | $60,806,042 | +2.7% |
| Total Tax 2026 = estimate |
~$1,278,528
Estimated
|
~$1,296,892
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $62,474,326 | $62,474,326 | +0 (+0.0%) |
| Taxable Value | $62,474,326 | $62,474,326 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $62,474,326 | $27,357,120 | $28,115,180 | — | $62,474,326 | $62,474,326 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $61,919,839 | $27,357,120 | $26,388,880 | −$1,113,797 | $60,806,042 | $60,806,042 | ~$1,296,892 | Partial |
| 2024 | $49,786,712 | — | — | −$22,429,592 | $27,357,120 | $— | $1,257,214 | Verified |
| 2023 | $47,476,309 | — | — | −$20,119,189 | $27,357,120 | $— | $947,500 | Verified |
| 2022 | $43,975,454 | — | — | −$26,133,854 | $17,841,600 | $— | $984,554 | Verified |
| 2021 | $53,038,140 | — | — | −$35,196,540 | $17,841,600 | $— | $1,001,849 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.9% | +0.9% | ~100% | Not available | Partial |
| 2025 | +0.4% | +0.4% | ~100% | Not available | Partial |
| 2024 | -0.2% | -0.2% | ~100% | 2.0700% | Verified |
| 2023 | +3.1% | +3.1% | ~100% | 1.8300% | Verified |
| 2022 | -84.8% ! | -84.8% | ~100% | 2.0300% | Verified |
| 2021 | base year | — | ~100% | 1.8900% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -84.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +0.9% | +4.2% | +3.8% | +24.4% | 2025 | -17.1% | 2022 |
| Assessment Ratio | 100.0% | 64.1% | — | 100.0% | 2026 | 33.6% | 2021 |
| Effective Tax Rate (2025) | 2.1300% | 2.1300% | — | 2.1300% | 2025 | 2.1300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,296,892 | $1,097,602 | ~$1,355,583 | $1,296,892 | 2025 | $947,500 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$64,363,581 | ~$64,363,581 | ~2.0139% | ~$1,296,242 | +3.9% |
| 2027 | ~$66,903,769 | ~$66,903,769 | ~1.9814% | ~$1,325,623 | +8.0% |
| 2028 | ~$69,544,208 | ~$69,544,208 | ~1.9488% | ~$1,355,305 | +12.3% |
| 2029 | ~$72,288,856 | ~$72,288,856 | ~1.9163% | ~$1,385,265 | +16.7% |
| 2030 | ~$75,141,824 | ~$75,141,824 | ~1.8837% | ~$1,415,478 | +21.4% |
| 2026 | ~$63,125,185 | ~$63,125,185 | ~2.0465% | ~$1,291,847 | +1.9% |
| 2027 | ~$64,353,994 | ~$64,353,994 | ~2.0465% | ~$1,316,995 | +3.9% |
| 2028 | ~$65,606,723 | ~$65,606,723 | ~2.0465% | ~$1,342,632 | +6.0% |
| 2029 | ~$66,883,839 | ~$66,883,839 | ~2.0465% | ~$1,368,768 | +8.0% |
| 2030 | ~$68,185,815 | ~$68,185,815 | ~2.0465% | ~$1,395,412 | +10.1% |
| 2026 | ~$65,601,978 | ~$65,601,978 | ~1.9977% | ~$1,310,506 | +5.9% |
| 2027 | ~$69,503,080 | ~$69,503,080 | ~1.9488% | ~$1,354,503 | +12.2% |
| 2028 | ~$73,636,166 | ~$73,636,166 | ~1.9000% | ~$1,399,099 | +18.9% |
| 2029 | ~$78,015,031 | ~$78,015,031 | ~1.8512% | ~$1,444,210 | +26.0% |
| 2030 | ~$82,654,291 | ~$82,654,291 | ~1.8024% | ~$1,489,737 | +33.5% |
In 2025, this property's market value of $61,919,839 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 44× 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 | $61,919,839 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $49,786,712 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $47,476,309 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $43,975,454 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $53,038,140 | $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.