701 CONGRESS AVE TX 78701
| Owner | HPTMI PROPERTIES TRUST |
|---|---|
| Parcel ID | 0206030801 |
| Short ID | 194416 |
| Type | Real |
| Use Code | 34 Hotel — Full Service |
| Valuation | Income |
| Improvement SF | 53,841 SF |
| Land SF | 18,400 SF |
| Acres | 0.422 |
| Year Built | 1923 |
| Legal | LOT 1-2 BLOCK 084 ORIGINAL CITY (TOTAL SQ FT 14720) (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 34CBD1 |
| Land | $19,135,730 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $19,135,730 |
| Improvement | $17,156,468 |
|---|---|
| Total Improvement | $17,156,468 |
| Market | $36,292,198 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $36,292,198 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $36,292,198 |
| Exemptions (−) (HT) | −$13,362,167 |
|---|---|
| Taxable Value | $22,930,031 |
Appreciation: Market value has fallen -20.5% from $45,635,996 (2021) to $36,292,198 (2025), a CAGR of -5.6% over 4 years. Growth has been relatively flat for this asset class. Most of this growth came in a single year (2021→2022), 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 $469,260. Austin ISD is the largest single contributor, at 48.4% 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 53% of market value ($19,135,730 land vs $17,156,468 improvements), about $1,040/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $36,292,198, 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 -5.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $27,254,953 by 2030, with an estimated annual tax burden around $513,413. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 491 | SPRINKLER HEADS | 156,399 SF | ✗ |
| SO | Sketch Only | 98,973 SF | ✗ |
| ADDL | Additional Floor | 96,000 SF | ✓ |
| 501 | CANOPY | 96,000 SF | ✗ |
| 2ND | 2nd Floor | 33,497 SF | ✓ |
| 1ST | 1st Floor | 20,344 SF | ✓ |
| 4TH | 4th Floor | 10,100 SF | ✓ |
| 273 | COLDSTG VAULT SM | 558 SF | ✓ |
| 601 | POOL COMM'L | 352 SF | ✗ |
| 303 | STAIRWAYS FV | 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% | $273,962.04 | $273,962.04 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $120,157.26 | $120,157.26 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $86,181.38 | $86,181.38 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $37,526.13 | $37,526.13 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $27,062.71 | $27,062.71 | Paid |
| P2U | — | — | — | — | — | — | $20,747.78 | $20,747.78 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $565,637.30 | $565,637.30 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $37,859,752 | $36,292,198 | +4.3% |
| Assessed Value | $37,859,752 | $36,292,198 | +4.3% |
| Land Value | $22,079,688 | $19,135,730 | +15.4% |
| Improvement Value | $15,780,064 | $17,156,468 | -8.0% |
| Taxable Value | $37,859,752 | $22,930,031 | +65.1% |
| Exemptions | — | HT | |
| Total Tax 2026 = estimate |
~$774,794
Estimated
|
~$565,637
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $41,893,740 | $37,859,752 | -4,033,988 (-9.6%) |
| Taxable Value | $41,893,740 | $37,859,752 | -4,033,988 (-9.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $37,859,752 | $22,079,688 | $15,780,064 | — | $37,859,752 | $37,859,752 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $36,292,198 | $19,135,730 | $17,156,468 | — | $36,292,198 | $22,930,031 | ~$565,637 | Partial |
| 2024 | $41,904,123 | — | — | −$26,595,323 | $15,308,800 | $— | $608,626 | Verified |
| 2023 | $40,000,000 | — | — | −$29,953,600 | $10,046,400 | $— | $543,187 | Verified |
| 2022 | $36,195,522 | — | — | −$26,149,122 | $10,046,400 | $— | $575,110 | Verified |
| 2021 | $45,635,996 | — | — | −$35,589,596 | $10,046,400 | $— | $558,383 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +15.4% | +15.4% | ~100% | Not available | Partial |
| 2025 | -12.8% | -12.8% | ~100% | Not available | Partial |
| 2024 | -0.7% | -0.7% | ~100% | 1.4600% | Verified |
| 2023 | -5.1% | -5.1% | ~100% | 1.3000% | Verified |
| 2022 | +22.0% | +22.0% | ~100% | 1.3000% | Verified |
| 2021 | base year | — | ~100% | 1.2200% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +0.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +4.3% | -2.9% | -6.3% | +10.5% | 2023 | -20.7% | 2022 |
| Assessment Ratio | 100.0% | 51.9% | — | 100.0% | 2025 | 22.0% | 2021 |
| Effective Tax Rate (2025) | 1.5600% | 1.5600% | — | 1.5600% | 2025 | 1.5600% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$565,637 | $570,189 | ~$598,716 | $608,626 | 2024 | $543,187 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$34,272,020 | ~$34,272,020 | ~2.0139% | ~$690,217 | -5.6% |
| 2027 | ~$32,364,294 | ~$32,364,294 | ~1.9814% | ~$641,262 | -10.8% |
| 2028 | ~$30,562,760 | ~$30,562,760 | ~1.9488% | ~$595,619 | -15.8% |
| 2029 | ~$28,861,507 | ~$28,861,507 | ~1.9163% | ~$553,070 | -20.5% |
| 2030 | ~$27,254,953 | ~$27,254,953 | ~1.8837% | ~$513,413 | -24.9% |
| 2026 | ~$34,477,588 | ~$34,477,588 | ~2.0465% | ~$705,579 | -5.0% |
| 2027 | ~$32,753,709 | ~$32,753,709 | ~2.0465% | ~$670,300 | -9.7% |
| 2028 | ~$31,116,023 | ~$31,116,023 | ~2.0465% | ~$636,785 | -14.3% |
| 2029 | ~$29,560,222 | ~$29,560,222 | ~2.0465% | ~$604,946 | -18.5% |
| 2030 | ~$28,082,211 | ~$28,082,211 | ~2.0465% | ~$574,698 | -22.6% |
| 2026 | ~$34,997,864 | ~$34,997,864 | ~1.9977% | ~$699,139 | -3.6% |
| 2027 | ~$33,749,692 | ~$33,749,692 | ~1.9488% | ~$657,727 | -7.0% |
| 2028 | ~$32,546,035 | ~$32,546,035 | ~1.9000% | ~$618,380 | -10.3% |
| 2029 | ~$31,385,305 | ~$31,385,305 | ~1.8512% | ~$581,003 | -13.5% |
| 2030 | ~$30,265,972 | ~$30,265,972 | ~1.8024% | ~$545,505 | -16.6% |
In 2025, this property's market value of $36,292,198 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 26× 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 | $36,292,198 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $41,904,123 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $40,000,000 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $36,195,522 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $45,635,996 | $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.