716 CONGRESS AVE TX 78701
| Owner | 716 CONGRESS LLC |
|---|---|
| Parcel ID | 0206030310 |
| Short ID | 194363 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,238 SF |
| Land SF | 3,680 SF |
| Acres | 0.084 |
| Year Built | 1900 |
| Legal | S 23FT OF LOT 5 BLOCK 083 ORIGINAL CITY |
| Neighborhood | 53CBD |
| Land | $2,944,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,944,000 |
| Improvement | $1,319,781 |
|---|---|
| Total Improvement | $1,319,781 |
| Market | $4,263,781 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $4,263,781 |
| Value Limitation Adjustment (−) (homestead cap) | −$537,093 |
| Net Appraised (assessed) | $3,726,688 |
| Exemptions (−) (HT) | −$1,395,891 |
|---|---|
| Taxable Value | $2,330,797 |
Appreciation: Market value has risen +22.2% from $3,488,600 (2021) to $4,263,781 (2025), a CAGR of 5.1% 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 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 $47,699. Austin ISD is the largest single contributor, at 48.9% of the total 2025 levy.
Assessment Gap: Assessed value ($3,726,688) is $537,093 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 69% of market value ($2,944,000 land vs $1,319,781 improvements), about $800/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $4,263,781, 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 +5.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,479,293 by 2030, with an estimated annual tax burden around $103,216. 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 |
|---|---|---|---|
| 2ND | 2nd Floor | 3,680 SF | ✓ |
| 1ST | 1st Floor | 3,558 SF | ✓ |
| 501 | CANOPY | 122 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% | $28,021.93 | $28,021.93 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $12,213.77 | $12,213.77 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $8,760.18 | $8,760.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,853.40 | $3,853.40 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,750.88 | $2,750.88 | Paid |
| P2U | — | — | — | — | — | — | $1,693.49 | $1,693.49 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $57,293.65 | $57,293.65 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $3,628,953 | $4,263,781 | -14.9% |
| Assessed Value | $3,628,953 | $3,726,688 | -2.6% |
| Land Value | $1,472,000 | $2,944,000 | -50.0% |
| Improvement Value | $2,156,953 | $1,319,781 | +63.4% |
| Taxable Value | $2,182,476 | $2,330,797 | -6.4% |
| Exemptions | HT | HT | |
| Total Tax 2026 = estimate |
~$44,664
Estimated
|
~$57,294
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,628,953 | $3,628,953 | +0 (+0.0%) |
| Taxable Value | $2,182,476 | $2,182,476 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $3,628,953 | $1,472,000 | $2,156,953 | — | $3,628,953 | $2,182,476 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $4,263,781 | $2,944,000 | $1,319,781 | −$537,093 | $3,726,688 | $2,330,797 | ~$57,294 | Partial |
| 2024 | $3,927,582 | — | — | −$983,582 | $2,944,000 | $— | $51,723 | Verified |
| 2023 | $3,584,500 | — | — | −$1,744,500 | $1,840,000 | $— | $53,577 | Verified |
| 2022 | $3,525,000 | — | — | −$1,685,000 | $1,840,000 | $— | $54,186 | Verified |
| 2021 | $3,488,600 | — | — | −$1,648,600 | $1,840,000 | $— | $58,379 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -14.9% | -2.6% | ~100% | Not available | Partial |
| 2025 | +1.3% | -11.5% | 87.4% | Not available | Partial |
| 2024 | +7.2% | +7.2% | ~100% | 1.2300% | Verified |
| 2023 | +9.6% | +9.6% | ~100% | 1.3600% | Verified |
| 2022 | +1.7% | +1.7% | ~100% | 1.5100% | Verified |
| 2021 | base year | — | ~100% | 1.6700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +21.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.9% | +1.2% | +8.8% | +9.6% | 2024 | -14.9% | 2026 |
| Assessment Ratio | 100.0% | 69.8% | — | 100.0% | 2026 | 51.3% | 2023 |
| Effective Tax Rate (2025) | 1.3400% | 1.3400% | — | 1.3400% | 2025 | 1.3400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$57,294 | $55,032 | ~$94,314 | $58,379 | 2021 | $51,723 | 2024 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$4,483,125 | ~$4,099,357 | ~2.0139% | ~$82,558 | +5.1% |
| 2027 | ~$4,713,752 | ~$4,509,292 | ~1.9814% | ~$89,347 | +10.6% |
| 2028 | ~$4,956,244 | ~$4,956,244 | ~1.9488% | ~$96,589 | +16.2% |
| 2029 | ~$5,211,210 | ~$5,211,210 | ~1.9163% | ~$99,862 | +22.2% |
| 2030 | ~$5,479,293 | ~$5,479,293 | ~1.8837% | ~$103,216 | +28.5% |
| 2026 | ~$4,397,849 | ~$4,099,357 | ~2.0465% | ~$83,893 | +3.1% |
| 2027 | ~$4,536,133 | ~$4,509,292 | ~2.0465% | ~$92,282 | +6.4% |
| 2028 | ~$4,678,764 | ~$4,678,764 | ~2.0465% | ~$95,750 | +9.7% |
| 2029 | ~$4,825,881 | ~$4,825,881 | ~2.0465% | ~$98,761 | +13.2% |
| 2030 | ~$4,977,624 | ~$4,977,624 | ~2.0465% | ~$101,866 | +16.7% |
| 2026 | ~$4,568,400 | ~$4,099,357 | ~1.9977% | ~$81,891 | +7.1% |
| 2027 | ~$4,894,783 | ~$4,509,292 | ~1.9488% | ~$87,879 | +14.8% |
| 2028 | ~$5,244,483 | ~$4,960,222 | ~1.9000% | ~$94,245 | +23.0% |
| 2029 | ~$5,619,167 | ~$5,456,244 | ~1.8512% | ~$101,006 | +31.8% |
| 2030 | ~$6,020,620 | ~$6,001,868 | ~1.8024% | ~$108,176 | +41.2% |
In 2025, this property's market value of $4,263,781 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 3× 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 | $4,263,781 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,927,582 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $3,584,500 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $3,525,000 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $3,488,600 | $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.