343 S CONGRESS AVE TX 78704
| Owner | CROCKETT PARTNERS LTD |
|---|---|
| Parcel ID | 0203020102 |
| Short ID | 190743 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 1,972 SF |
| Land SF | 8,538 SF |
| Acres | 0.196 |
| Year Built | 1932 |
| Legal | ABS 8 SUR 20 DECKER I ACR .196 |
| Neighborhood | 30CEN |
| Land | $1,963,740 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,963,740 |
| Improvement | $13,882 |
|---|---|
| Total Improvement | $13,882 |
| Market | $1,977,622 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,977,622 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,977,622 |
| Taxable Value | $1,977,622 |
|---|
Appreciation: Market value has risen +36.5% from $1,449,024 (2021) to $1,977,622 (2025), a CAGR of 8.1% 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 +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 $40,472. 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 99% of market value ($1,963,740 land vs $13,882 improvements), about $230/SF of land. With value concentrated in the land under a ~94-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 $1,977,622, this parcel sits in the upper-middle (50th–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 +8.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $2,917,279 by 2030, with an estimated annual tax burden around $54,954. 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.
3 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 6,000 SF | ✗ |
| 1ST | 1st Floor | 1,972 SF | ✓ |
| 501 | CANOPY | 440 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% | $18,296.96 | $18,296.96 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,363.08 | $10,363.08 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,432.79 | $7,432.79 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,334.05 | $2,334.05 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,044.86 | $2,044.86 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $40,471.74 | $40,471.74 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,483,000 | $1,977,622 | -25.0% |
| Assessed Value | $1,483,000 | $1,977,622 | -25.0% |
| Land Value | $1,963,740 | $1,963,740 | +0.0% |
| Improvement Value | — | $13,882 | — |
| Taxable Value | $1,483,000 | $1,977,622 | -25.0% |
| Total Tax 2026 = estimate |
~$30,349
Estimated
|
~$40,472
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,993,405 | $1,483,000 | -510,405 (-25.6%) |
| Taxable Value | $1,993,405 | $1,483,000 | -510,405 (-25.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,483,000 | $1,963,740 | — | — | $1,483,000 | $1,483,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,977,622 | $1,963,740 | $13,882 | — | $1,977,622 | $1,977,622 | ~$40,472 | Partial |
| 2024 | $2,005,740 | — | — | −$42,000 | $1,963,740 | $— | $40,010 | Verified |
| 2023 | $1,477,646 | — | — | — | $1,963,740 ! | $— | $36,289 | Verified |
| 2022 | $1,449,590 | — | — | −$40,820 | $1,408,770 | $— | $29,182 | Verified |
| 2021 | $1,449,024 | — | — | −$40,254 | $1,408,770 | $— | $31,553 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.8% | +0.8% | ~100% | Not available | Partial |
| 2025 | -2.0% | -2.0% | ~100% | Not available | Partial |
| 2024 | +0.7% | +0.7% | ~100% | 1.9800% | Verified |
| 2023 | +35.7% | +35.7% | ~100% | 1.8100% | Verified |
| 2022 | +1.9% | +1.9% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +36.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -25.0% | +2.2% | +15.3% | +35.7% | 2024 | -25.0% | 2026 |
| Assessment Ratio | 100.0% | 104.2% | — | 132.9% | 2023 | 97.2% | 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 |
$40,472 | $35,501 | ~$48,833 | $40,472 | 2025 | $29,182 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$2,137,520 | ~$2,137,520 | ~2.0139% | ~$43,048 | +8.1% |
| 2027 | ~$2,310,347 | ~$2,310,347 | ~1.9814% | ~$45,777 | +16.8% |
| 2028 | ~$2,497,147 | ~$2,497,147 | ~1.9488% | ~$48,665 | +26.3% |
| 2029 | ~$2,699,050 | ~$2,699,050 | ~1.9163% | ~$51,722 | +36.5% |
| 2030 | ~$2,917,279 | ~$2,917,279 | ~1.8837% | ~$54,954 | +47.5% |
| 2026 | ~$2,097,968 | ~$2,097,968 | ~2.0465% | ~$42,935 | +6.1% |
| 2027 | ~$2,225,637 | ~$2,225,637 | ~2.0465% | ~$45,547 | +12.5% |
| 2028 | ~$2,361,075 | ~$2,361,075 | ~2.0465% | ~$48,319 | +19.4% |
| 2029 | ~$2,504,755 | ~$2,504,755 | ~2.0465% | ~$51,259 | +26.7% |
| 2030 | ~$2,657,179 | ~$2,657,179 | ~2.0465% | ~$54,379 | +34.4% |
| 2026 | ~$2,177,073 | ~$2,175,384 | ~1.9977% | ~$43,457 | +10.1% |
| 2027 | ~$2,396,638 | ~$2,392,923 | ~1.9488% | ~$46,634 | +21.2% |
| 2028 | ~$2,638,348 | ~$2,632,215 | ~1.9000% | ~$50,013 | +33.4% |
| 2029 | ~$2,904,436 | ~$2,895,436 | ~1.8512% | ~$53,600 | +46.9% |
| 2030 | ~$3,197,359 | ~$3,184,980 | ~1.8024% | ~$57,405 | +61.7% |
In 2025, this property's market value of $1,977,622 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +40% above 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 | $1,977,622 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $2,005,740 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,477,646 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,449,590 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,449,024 | $517,750 | $1,142,600 | $2,780,453 | ↑ Above median | 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.