308 CONGRESS AVE TX 78701
| Owner | AP3 PPW LTD |
|---|---|
| Parcel ID | 0205020108 |
| Short ID | 192791 |
| Type | Real |
| Use Code | 32 Restaurant |
| Valuation | Income |
| Improvement SF | 5,520 SF |
| Land SF | 7,360 SF |
| Acres | 0.169 |
| Year Built | 1964 |
| Legal | LOT 3 BLOCK 029 ORIGINAL CITY |
| Neighborhood | 30CBD |
| Land | $5,888,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,888,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $3,760,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,760,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,760,000 |
| Taxable Value | $3,760,000 |
|---|
Appreciation: Market value has risen +37.5% from $2,735,169 (2021) to $3,760,000 (2025), a CAGR of 8.3% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2022→2023), 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 $76,948. Austin ISD is the largest single contributor, at 43.5% 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 157% of market value ($5,888,000 land vs $0 improvements), about $800/SF of land. With value concentrated in the land under a ~62-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 $3,760,000, 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 +8.3% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,596,834 by 2030, with an estimated annual tax burden around $105,430. 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 |
|---|---|---|---|
| 551 | PAVED AREA | 4,950 SF | ✗ |
| 1ST | 1st Floor | 2,760 SF | ✓ |
| 2ND | 2nd Floor | 2,760 SF | ✓ |
| 581C | STORAGE ATT COMM | 640 SF | ✓ |
| 611 | TERRACE | 324 SF | ✗ |
| 327 | STORAGE COMM'L | 88 SF | ✓ |
| 299 | ALL FLAT VALUE | 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% | $34,787.52 | $34,787.52 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $19,703.04 | $19,703.04 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $14,131.77 | $14,131.77 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $4,437.66 | $4,437.66 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,887.84 | $3,887.84 | Paid |
| P2U | — | — | — | — | — | — | $3,015.50 | $3,015.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $79,963.33 | $79,963.33 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,067,889 | $3,760,000 | -18.4% |
| Assessed Value | $3,067,889 | $3,760,000 | -18.4% |
| Land Value | $2,944,000 | $5,888,000 | -50.0% |
| Improvement Value | $123,889 | — | — |
| Taxable Value | $3,067,889 | $3,760,000 | -18.4% |
| Total Tax 2026 = estimate |
~$62,784
Estimated
|
~$79,963
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,067,889 | $3,067,889 | +0 (+0.0%) |
| Taxable Value | $3,067,889 | $3,067,889 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,067,889 | $2,944,000 | $123,889 | — | $3,067,889 | $3,067,889 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,760,000 | $5,888,000 | — | — | $3,760,000 | $3,760,000 | ~$79,963 | Partial |
| 2024 | $3,720,000 | — | — | — | $3,760,000 ! | $— | $77,532 | Verified |
| 2023 | $3,680,000 | — | — | — | $3,680,000 | $— | $70,282 | Verified |
| 2022 | $2,737,403 | — | — | — | $3,680,000 ! | $— | $75,857 | Verified |
| 2021 | $2,735,169 | — | — | −$112,782 | $2,622,387 | $— | $61,822 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -18.4% | -18.4% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +1.1% | +1.1% | ~100% | 2.0600% | Verified |
| 2023 | -3.5% | -3.5% | ~100% | 1.8900% | Verified |
| 2022 | +40.8% | +40.8% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +37.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -18.4% | +3.7% | +13.2% | +34.4% | 2023 | -18.4% | 2026 |
| Assessment Ratio | 100.0% | 105.2% | — | 134.4% | 2022 | 95.9% | 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 |
$79,963 | $73,091 | ~$93,370 | $79,963 | 2025 | $61,822 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,071,353 | ~$4,071,353 | ~2.0139% | ~$81,994 | +8.3% |
| 2027 | ~$4,408,488 | ~$4,408,488 | ~1.9814% | ~$87,349 | +17.2% |
| 2028 | ~$4,773,540 | ~$4,773,540 | ~1.9488% | ~$93,029 | +27.0% |
| 2029 | ~$5,168,821 | ~$5,168,821 | ~1.9163% | ~$99,050 | +37.5% |
| 2030 | ~$5,596,834 | ~$5,596,834 | ~1.8837% | ~$105,430 | +48.9% |
| 2026 | ~$3,996,153 | ~$3,996,153 | ~2.0465% | ~$81,781 | +6.3% |
| 2027 | ~$4,247,138 | ~$4,247,138 | ~2.0465% | ~$86,917 | +13.0% |
| 2028 | ~$4,513,887 | ~$4,513,887 | ~2.0465% | ~$92,376 | +20.1% |
| 2029 | ~$4,797,389 | ~$4,797,389 | ~2.0465% | ~$98,178 | +27.6% |
| 2030 | ~$5,098,697 | ~$5,098,697 | ~2.0465% | ~$104,344 | +35.6% |
| 2026 | ~$4,146,553 | ~$4,136,000 | ~1.9977% | ~$82,623 | +10.3% |
| 2027 | ~$4,572,846 | ~$4,549,600 | ~1.9488% | ~$88,664 | +21.6% |
| 2028 | ~$5,042,965 | ~$5,004,560 | ~1.9000% | ~$95,087 | +34.1% |
| 2029 | ~$5,561,416 | ~$5,505,016 | ~1.8512% | ~$101,909 | +47.9% |
| 2030 | ~$6,133,166 | ~$6,055,518 | ~1.8024% | ~$109,143 | +63.1% |
In 2025, this property's market value of $3,760,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +165% 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 | $3,760,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,720,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,680,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $2,737,403 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $2,735,169 | $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.