708 CONGRESS AVE TX 78701
| Owner | BKT FAMILY MANAGEMENT L L C |
|---|---|
| Parcel ID | 0206030313 |
| Short ID | 194366 |
| Type | Real |
| Use Code | 53 Office Small (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 7,107 SF |
| Land SF | 3,680 SF |
| Acres | 0.084 |
| Year Built | 1865 |
| Legal | S 23FT OF LOT 3 BLOCK 083 ORIGINAL CITY |
| Neighborhood | 53CBD |
| Land | $2,944,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $2,944,000 |
| Improvement | $556,000 |
|---|---|
| Total Improvement | $556,000 |
| Market | $3,500,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $3,500,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $3,500,000 |
| Exemptions (−) (HT) | −$1,014,000 |
|---|---|
| Taxable Value | $2,486,000 |
Appreciation: Market value has risen +27.3% from $2,750,000 (2021) to $3,500,000 (2025), a CAGR of 6.2% over 4 years. This represents moderate, steady growth. 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 $50,876. Austin ISD is the largest single contributor, at 47.4% 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 84% of market value ($2,944,000 land vs $556,000 improvements), about $800/SF of land. With value concentrated in the land under a ~161-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 $3,500,000, 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 +6.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,731,373 by 2030, with an estimated annual tax burden around $89,127. 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.
4 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 2ND | 2nd Floor | 3,335 SF | ✓ |
| 1ST | 1st Floor | 3,220 SF | ✓ |
| 3RD | 3rd Floor | 552 SF | ✓ |
| 487 | PARKING UNDER | 391 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% | $27,691.24 | $27,691.24 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $13,027.06 | $13,027.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $9,343.51 | $9,343.51 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $3,619.00 | $3,619.00 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $2,934.05 | $2,934.05 | Paid |
| P2U | — | — | — | — | — | — | $1,837.05 | $1,837.05 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $58,451.91 | $58,451.91 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $2,938,079 | $3,500,000 | -16.1% |
| Assessed Value | $2,938,079 | $3,500,000 | -16.1% |
| Land Value | $1,472,000 | $2,944,000 | -50.0% |
| Improvement Value | $1,466,079 | $556,000 | +163.7% |
| Taxable Value | $1,605,553 | $2,486,000 | -35.4% |
| Exemptions | HT | HT | |
| Total Tax 2026 = estimate |
~$32,857
Estimated
|
~$58,452
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $3,401,052 | $2,938,079 | -462,973 (-13.6%) |
| Taxable Value | $2,068,526 | $1,605,553 | -462,973 (-22.4%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $2,938,079 | $1,472,000 | $1,466,079 | — | $2,938,079 | $1,605,553 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $3,500,000 | $2,944,000 | $556,000 | — | $3,500,000 | $2,486,000 | ~$58,452 | Partial |
| 2024 | $3,500,000 | — | — | −$556,000 | $2,944,000 | $— | $56,951 | Verified |
| 2023 | $2,841,000 | — | — | −$1,001,000 | $1,840,000 | $— | $48,973 | Verified |
| 2022 | $— | — | — | — | $1,840,000 | $— | $44,253 | Verified |
| 2021 | $2,750,000 | — | — | −$910,000 | $1,840,000 | $— | $3,144 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -2.8% | -2.8% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | -19.9% | -19.9% | ~100% | 1.6300% | Verified |
| 2023 | +53.8% | +53.8% | ~100% | 1.1200% | Verified |
| 2022 | -5.3% | -5.3% | ~100% | 1.5600% | Verified |
| 2021 | base year | — | ~100% | 0.1100% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +16.7% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -16.1% | +2.6% | +10.3% | +23.2% | 2024 | -16.1% | 2026 |
| Assessment Ratio | 100.0% | 83.2% | — | 100.0% | 2025 | 64.8% | 2023 |
| Effective Tax Rate (2025) | 1.6700% | 1.6700% | — | 1.6700% | 2025 | 1.6700% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$58,452 | $41,880 | ~$81,865 | $58,452 | 2025 | $3,144 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$3,717,508 | ~$3,717,508 | ~2.0139% | ~$74,868 | +6.2% |
| 2027 | ~$3,948,533 | ~$3,948,533 | ~1.9814% | ~$78,236 | +12.8% |
| 2028 | ~$4,193,914 | ~$4,193,914 | ~1.9488% | ~$81,733 | +19.8% |
| 2029 | ~$4,454,545 | ~$4,454,545 | ~1.9163% | ~$85,362 | +27.3% |
| 2030 | ~$4,731,373 | ~$4,731,373 | ~1.8837% | ~$89,127 | +35.2% |
| 2026 | ~$3,647,508 | ~$3,647,508 | ~2.0465% | ~$74,646 | +4.2% |
| 2027 | ~$3,801,232 | ~$3,801,232 | ~2.0465% | ~$77,792 | +8.6% |
| 2028 | ~$3,961,435 | ~$3,961,435 | ~2.0465% | ~$81,070 | +13.2% |
| 2029 | ~$4,128,390 | ~$4,128,390 | ~2.0465% | ~$84,487 | +18.0% |
| 2030 | ~$4,302,382 | ~$4,302,382 | ~2.0465% | ~$88,048 | +22.9% |
| 2026 | ~$3,787,508 | ~$3,787,508 | ~1.9977% | ~$75,662 | +8.2% |
| 2027 | ~$4,098,633 | ~$4,098,633 | ~1.9488% | ~$79,876 | +17.1% |
| 2028 | ~$4,435,315 | ~$4,435,315 | ~1.9000% | ~$84,272 | +26.7% |
| 2029 | ~$4,799,655 | ~$4,799,655 | ~1.8512% | ~$88,851 | +37.1% |
| 2030 | ~$5,193,923 | ~$5,193,923 | ~1.8024% | ~$93,614 | +48.4% |
In 2025, this property's market value of $3,500,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — +147% 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 | $3,500,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $3,500,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $2,841,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
| 2021 | $2,750,000 | $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.