410 CONGRESS AVE TX 78701
| Owner | GTMK LTD |
|---|---|
| Parcel ID | 0205020211 |
| Short ID | 192806 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 5,375 SF |
| Land SF | 3,680 SF |
| Acres | 0.084 |
| Year Built | 1886 |
| Legal | N 23FT OF LOT 3 BLOCK 043 ORIGINAL CITY |
| Neighborhood | 53CBD |
| Land | $2,944,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,944,000 |
| Improvement | $913,482 |
|---|---|
| Total Improvement | $913,482 |
| Market | $3,857,482 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,857,482 |
| Value Limitation Adjustment (−) (homestead cap) | −$598,383 |
| Net Appraised (assessed) | $3,259,099 |
| Exemptions (−) (HT) | −$1,192,741 |
|---|---|
| Taxable Value | $2,066,358 |
Appreciation: Market value has risen +29.2% from $2,986,311 (2021) to $3,857,482 (2025), a CAGR of 6.6% over 4 years. This represents moderate, steady growth. Growth has been fairly evenly spread across these years rather than concentrated in one jump. 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 $42,288. Austin ISD is the largest single contributor, at 46.8% of the total 2025 levy.
Assessment Gap: Assessed value ($3,259,099) is $598,383 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 76% of market value ($2,944,000 land vs $913,482 improvements), about $800/SF of land. With value concentrated in the land under a ~140-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 $3,857,482, 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 +6.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,312,085 by 2030, with an estimated annual tax burden around $98,874. 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.
5 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 3,535 SF | ✓ |
| 2ND | 2nd Floor | 1,840 SF | ✓ |
| 327 | STORAGE COMM'L | 242 SF | ✓ |
| 501 | CANOPY | 24 SF | ✗ |
| 611 | TERRACE | 24 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% | $22,290.35 | $22,290.35 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $10,821.31 | $10,821.31 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $7,761.46 | $7,761.46 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $2,847.04 | $2,847.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,437.26 | $2,437.26 | Paid |
| P2U | — | — | — | — | — | — | $1,447.69 | $1,447.69 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $47,605.11 | $47,605.11 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,400,000 | $3,857,482 | -37.8% |
| Assessed Value | $2,400,000 | $3,259,099 | -26.4% |
| Land Value | $1,472,000 | $2,944,000 | -50.0% |
| Improvement Value | $928,000 | $913,482 | +1.6% |
| Taxable Value | $1,285,472 | $2,066,358 | -37.8% |
| Exemptions | HT | HT | |
| Total Tax 2026 = estimate |
~$26,307
Estimated
|
~$47,605
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $2,400,000 | $2,400,000 | +0 (+0.0%) |
| Taxable Value | $1,285,472 | $1,285,472 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,400,000 | $1,472,000 | $928,000 | — | $2,400,000 | $1,285,472 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,857,482 | $2,944,000 | $913,482 | −$598,383 | $3,259,099 | $2,066,358 | ~$47,605 | Partial |
| 2024 | $3,364,594 | — | — | −$648,678 | $2,715,916 | $— | $45,705 | Verified |
| 2023 | $2,825,600 | — | — | −$985,600 | $1,840,000 | $— | $46,537 | Verified |
| 2022 | $3,041,801 | — | — | −$1,201,801 | $1,840,000 | $— | $58,129 | Verified |
| 2021 | $2,986,311 | — | — | −$1,146,311 | $1,840,000 | $— | $51,342 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -37.8% | -26.4% | ~100% | Not available | Partial |
| 2025 | +1.0% | -14.7% | 84.5% | Not available | Partial |
| 2024 | +13.5% | +13.5% | ~100% | 1.2000% | Verified |
| 2023 | +19.1% | +19.1% | ~100% | 1.3800% | Verified |
| 2022 | -7.1% | -7.1% | ~100% | 2.0600% | Verified |
| 2021 | base year | — | ~100% | 1.7200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +26.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -37.8% | -1.9% | +19.6% | +19.1% | 2024 | -37.8% | 2026 |
| Assessment Ratio | 100.0% | 75.4% | — | 100.0% | 2026 | 60.5% | 2022 |
| Effective Tax Rate (2025) | 1.2300% | 1.2300% | — | 1.2300% | 2025 | 1.2300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$47,605 | $49,864 | ~$85,037 | $58,129 | 2022 | $45,705 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,112,407 | ~$3,585,009 | ~2.0139% | ~$72,200 | +6.6% |
| 2027 | ~$4,384,180 | ~$3,943,510 | ~1.9814% | ~$78,136 | +13.7% |
| 2028 | ~$4,673,912 | ~$4,337,861 | ~1.9488% | ~$84,538 | +21.2% |
| 2029 | ~$4,982,792 | ~$4,771,647 | ~1.9163% | ~$91,439 | +29.2% |
| 2030 | ~$5,312,085 | ~$5,248,812 | ~1.8837% | ~$98,874 | +37.7% |
| 2026 | ~$4,035,258 | ~$3,585,009 | ~2.0465% | ~$73,367 | +4.6% |
| 2027 | ~$4,221,226 | ~$3,943,510 | ~2.0465% | ~$80,703 | +9.4% |
| 2028 | ~$4,415,766 | ~$4,337,861 | ~2.0465% | ~$88,774 | +14.5% |
| 2029 | ~$4,619,270 | ~$4,619,270 | ~2.0465% | ~$94,533 | +19.7% |
| 2030 | ~$4,832,154 | ~$4,832,154 | ~2.0465% | ~$98,889 | +25.3% |
| 2026 | ~$4,189,557 | ~$3,585,009 | ~1.9977% | ~$71,616 | +8.6% |
| 2027 | ~$4,550,219 | ~$3,943,510 | ~1.9488% | ~$76,853 | +18.0% |
| 2028 | ~$4,941,929 | ~$4,337,861 | ~1.9000% | ~$82,420 | +28.1% |
| 2029 | ~$5,367,360 | ~$4,771,647 | ~1.8512% | ~$88,332 | +39.1% |
| 2030 | ~$5,829,414 | ~$5,248,812 | ~1.8024% | ~$94,603 | +51.1% |
In 2025, this property's market value of $3,857,482 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +172% 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 | $3,857,482 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,364,594 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $2,825,600 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $3,041,801 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $2,986,311 | $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.