607 CONGRESS AVE TX 78701
| Owner | SIEMES PROPERTIES LLC |
|---|---|
| Parcel ID | 0206030702 |
| Short ID | 194404 |
| Type | Real |
| Use Code | 58 Bank — Branch Office |
| Valuation | Income |
| Improvement SF | 2,246 SF |
| Land SF | 2,300 SF |
| Acres | 0.053 |
| Year Built | 1915 |
| Legal | W 100FT OF N 1/2 OF LOT 2 BLOCK 069 ORIGINAL CITY |
| Neighborhood | 53CBD |
| Land | $1,840,000 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $1,840,000 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $1,600,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,600,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,600,000 |
| Taxable Value | $1,600,000 |
|---|
Appreciation: Market value has fallen -7.8% from $1,735,743 (2021) to $1,600,000 (2025), a CAGR of -2.0% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2025→2026), 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 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 $32,744. Austin ISD is the largest single contributor, at 43.8% 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 115% of market value ($1,840,000 land vs $0 improvements), about $800/SF of land. With value concentrated in the land under a ~111-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 $1,600,000, 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 -2.0% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $1,445,151 by 2030, with an estimated annual tax burden around $27,223. 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 |
|---|---|---|---|
| 1ST | 1st Floor | 2,246 SF | ✓ |
| 501 | CANOPY | 38 SF | ✗ |
| 611 | TERRACE | 38 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% | $14,803.20 | $14,803.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $8,384.27 | $8,384.27 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $6,013.52 | $6,013.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,888.37 | $1,888.37 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,654.40 | $1,654.40 | Paid |
| P2U | — | — | — | — | — | — | $1,017.50 | $1,017.50 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $33,761.26 | $33,761.26 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,296,693 | $1,600,000 | -19.0% |
| Assessed Value | $1,296,693 | $1,600,000 | -19.0% |
| Land Value | $920,000 | $1,840,000 | -50.0% |
| Improvement Value | $376,693 | — | — |
| Taxable Value | $1,296,693 | $1,600,000 | -19.0% |
| Total Tax 2026 = estimate |
~$26,537
Estimated
|
~$33,761
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,296,693 | $1,296,693 | +0 (+0.0%) |
| Taxable Value | $1,296,693 | $1,296,693 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,296,693 | $920,000 | $376,693 | — | $1,296,693 | $1,296,693 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,600,000 | $1,840,000 | — | — | $1,600,000 | $1,600,000 | ~$33,761 | Partial |
| 2024 | $1,523,100 | — | — | — | $1,597,268 ! | $— | $32,670 | Verified |
| 2023 | $1,714,900 | — | — | −$564,900 | $1,150,000 | $— | $28,503 | Verified |
| 2022 | $1,742,900 | — | — | −$592,900 | $1,150,000 | $— | $35,083 | Verified |
| 2021 | $1,735,743 | — | — | −$585,743 | $1,150,000 | $— | $39,180 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -19.0% | -19.0% | ~100% | Not available | Partial |
| 2025 | -30.0% | -12.5% | ~100% | Not available | Partial |
| 2024 | +50.2% | +20.0% | 79.9% | 1.4300% | Verified |
| 2023 | -11.2% | -11.2% | ~100% | 1.8700% | Verified |
| 2022 | -1.6% | -1.6% | ~100% | 2.0500% | Verified |
| 2021 | base year | — | ~100% | 2.2600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -8.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -19.0% | -5.3% | +2.6% | +5.0% | 2025 | -19.0% | 2026 |
| Assessment Ratio | 100.0% | 84.0% | — | 104.9% | 2024 | 66.0% | 2022 |
| Effective Tax Rate (2025) | 2.1100% | 2.1100% | — | 2.1100% | 2025 | 2.1100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$33,761 | $33,839 | ~$29,366 | $39,180 | 2021 | $28,503 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,567,757 | ~$1,567,757 | ~2.0139% | ~$31,574 | -2.0% |
| 2027 | ~$1,536,163 | ~$1,536,163 | ~1.9814% | ~$30,437 | -4.0% |
| 2028 | ~$1,505,206 | ~$1,505,206 | ~1.9488% | ~$29,334 | -5.9% |
| 2029 | ~$1,474,873 | ~$1,474,873 | ~1.9163% | ~$28,263 | -7.8% |
| 2030 | ~$1,445,151 | ~$1,445,151 | ~1.8837% | ~$27,223 | -9.7% |
| 2026 | ~$1,535,757 | ~$1,535,757 | ~2.0465% | ~$31,429 | -4.0% |
| 2027 | ~$1,474,093 | ~$1,474,093 | ~2.0465% | ~$30,167 | -7.9% |
| 2028 | ~$1,414,905 | ~$1,414,905 | ~2.0465% | ~$28,956 | -11.6% |
| 2029 | ~$1,358,093 | ~$1,358,093 | ~2.0465% | ~$27,793 | -15.1% |
| 2030 | ~$1,303,563 | ~$1,303,563 | ~2.0465% | ~$26,677 | -18.5% |
| 2026 | ~$1,599,757 | ~$1,599,757 | ~1.9977% | ~$31,958 | -0.0% |
| 2027 | ~$1,599,513 | ~$1,599,513 | ~1.9488% | ~$31,172 | -0.0% |
| 2028 | ~$1,599,270 | ~$1,599,270 | ~1.9000% | ~$30,386 | -0.0% |
| 2029 | ~$1,599,026 | ~$1,599,026 | ~1.8512% | ~$29,601 | -0.1% |
| 2030 | ~$1,598,783 | ~$1,598,783 | ~1.8024% | ~$28,816 | -0.1% |
In 2025, this property's market value of $1,600,000 places it in the 50th–75th percentile for Commercial properties in Travis County (13608 comparable) — +13% 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 | $1,600,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Above median | -0.8% |
| 2024 | $1,523,100 | $661,016 | $1,438,465 | $3,471,171 | ↑ Above median | +0.0% |
| 2023 | $1,714,900 | $667,828 | $1,414,358 | $3,374,900 | ↑ Above median | +9.7% |
| 2022 | $1,742,900 | $553,066 | $1,215,730 | $2,939,150 | ↑ Above median | +3.3% |
| 2021 | $1,735,743 | $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.