1221 CONGRESS AVE 78704
| Owner | 1221 SC OWNER LLC |
|---|---|
| Parcel ID | 0300012102 |
| Short ID | 950012 |
| Type | Real |
| Use Code | 30 Strip Center (<10,000 SF) |
| Valuation | Income |
| Improvement SF | 20,000 SF |
| Land SF | 26,642 SF |
| Acres | 0.612 |
| Year Built | 2020 |
| Legal | UNT RETAIL UNIT 1221 SOUTH CONGRESS CONDOMINIUM PLUS 6.54 % INT IN COM AREA |
| Neighborhood | CEN |
| Land | $5,594,860 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $5,594,860 |
| Improvement | $6,787,942 |
|---|---|
| Total Improvement | $6,787,942 |
| Market | $12,382,802 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $12,382,802 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $12,382,802 |
| Taxable Value | $12,382,802 |
|---|
Appreciation: Market value has risen +120.1% from $5,625,496 (2023) to $12,382,802 (2025), a CAGR of 48.4% over 2 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2024→2025), 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 +0.2%, 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 $253,412. Austin ISD is the largest single contributor, at 45.2% 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 45% of market value ($5,594,860 land vs $6,787,942 improvements), about $210/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $12,382,802, 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 +48.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $89,015,206 by 2030, with an estimated annual tax burden around $1,676,817. 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.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 20,000 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% | $114,565.68 | $114,565.68 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $64,887.99 | $64,887.99 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $46,540.14 | $46,540.14 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $14,614.55 | $14,614.55 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $12,803.82 | $12,803.82 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $253,412.18 | $253,412.18 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $12,505,621 | $12,382,802 | +1.0% |
| Assessed Value | $12,505,621 | $12,382,802 | +1.0% |
| Land Value | $5,594,860 | $5,594,860 | +0.0% |
| Improvement Value | $6,910,761 | $6,787,942 | +1.8% |
| Taxable Value | $12,505,621 | $12,382,802 | +1.0% |
| Total Tax 2026 = estimate |
~$255,926
Estimated
|
~$253,412
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $12,505,621 | $12,505,621 | +0 (+0.0%) |
| Taxable Value | $12,505,621 | $12,505,621 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $12,505,621 | $5,594,860 | $6,910,761 | — | $12,505,621 | $12,505,621 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $12,382,802 | $5,594,860 | $6,787,942 | — | $12,382,802 | $12,382,802 | ~$253,412 | Partial |
| 2024 | $8,156,504 | — | — | −$2,561,644 | $5,594,860 | $— | $241,951 | Verified |
| 2023 | $5,625,496 | — | — | −$30,636 | $5,594,860 | $— | $147,571 | Verified |
| 2022 | $— | — | — | — | $3,063,852 | $— | $111,099 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.0% | +1.0% | ~100% | Not available | Partial |
| 2025 | +1.4% | +1.4% | ~100% | Not available | Partial |
| 2024 | +49.7% | +49.7% | ~100% | 1.9800% | Verified |
| 2023 | +45.0% | +45.0% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +120.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.0% | +32.6% | +48.1% | +51.8% | 2025 | +1.0% | 2026 |
| Assessment Ratio | 100.0% | 92.0% | — | 100.0% | 2025 | 68.6% | 2024 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$253,412 | $214,312 | ~$904,942 | $253,412 | 2025 | $147,571 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$18,371,642 | ~$18,371,642 | ~2.0139% | ~$369,993 | +48.4% |
| 2027 | ~$27,256,936 | ~$27,256,936 | ~1.9814% | ~$540,066 | +120.1% |
| 2028 | ~$40,439,529 | ~$40,439,529 | ~1.9488% | ~$788,102 | +226.6% |
| 2029 | ~$59,997,775 | ~$59,997,775 | ~1.9163% | ~$1,149,732 | +384.5% |
| 2030 | ~$89,015,206 | ~$89,015,206 | ~1.8837% | ~$1,676,817 | +618.9% |
| 2026 | ~$18,123,986 | ~$18,123,986 | ~2.0465% | ~$370,905 | +46.4% |
| 2027 | ~$26,527,024 | ~$26,527,024 | ~2.0465% | ~$542,872 | +114.2% |
| 2028 | ~$38,826,060 | ~$38,826,060 | ~2.0465% | ~$794,569 | +213.5% |
| 2029 | ~$56,827,443 | ~$56,827,443 | ~2.0465% | ~$1,162,965 | +358.9% |
| 2030 | ~$83,175,020 | ~$83,175,020 | ~2.0465% | ~$1,702,164 | +571.7% |
| 2026 | ~$18,619,298 | ~$18,619,298 | ~1.9977% | ~$371,951 | +50.4% |
| 2027 | ~$27,996,755 | ~$27,996,755 | ~1.9488% | ~$545,612 | +126.1% |
| 2028 | ~$42,097,090 | ~$42,097,090 | ~1.9000% | ~$799,852 | +240.0% |
| 2029 | ~$63,298,944 | ~$63,298,944 | ~1.8512% | ~$1,171,786 | +411.2% |
| 2030 | ~$95,178,937 | ~$95,178,937 | ~1.8024% | ~$1,715,478 | +668.6% |
In 2025, this property's market value of $12,382,802 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 9× 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 | $12,382,802 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $8,156,504 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $5,625,496 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | — | $553,066 | $1,215,730 | $2,939,150 | — | +3.3% |
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.