1221 CONGRESS AVE 78704
| Owner | 1221 SC OFFICE UNIT OWNER LLC |
|---|---|
| Parcel ID | 0300012103 |
| Short ID | 950013 |
| Type | Real |
| Use Code | 51 Office Large (>35,000 SF) |
| Valuation | Income |
| Improvement SF | 60,166 SF |
| Land SF | 103,188 SF |
| Acres | 2.369 |
| Year Built | 2020 |
| Legal | UNT OFFICE UNIT 1221 SOUTH CONGRESS CONDOMINIUM PLUS 25.33 % INT IN COM AREA |
| Neighborhood | SC |
| Land | $21,669,392 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $21,669,392 |
| Improvement | $15,225,130 |
|---|---|
| Total Improvement | $15,225,130 |
| Market | $36,894,522 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $36,894,522 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $36,894,522 |
| Taxable Value | $36,894,522 |
|---|
Appreciation: Market value has fallen -30.1% from $52,811,423 (2023) to $36,894,522 (2025), a CAGR of -16.4% over 2 years. Growth has been relatively flat for this asset class. 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 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 $755,041. 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 59% of market value ($21,669,392 land vs $15,225,130 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 $36,894,522, 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 -16.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $15,050,362 by 2030, with an estimated annual tax burden around $283,510. 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 |
|---|---|---|---|
| 3RD | 3rd Floor | 27,454 SF | ✓ |
| 2ND | 2nd Floor | 27,093 SF | ✓ |
| 4TH | 4th Floor | 22,834 SF | ✓ |
| 1ST | 1st Floor | 5,619 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% | $341,348.12 | $341,348.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $193,333.57 | $193,333.57 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $138,666.22 | $138,666.22 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $43,544.02 | $43,544.02 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $38,148.94 | $38,148.94 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $755,040.87 | $755,040.87 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $37,325,780 | $36,894,522 | +1.2% |
| Assessed Value | $37,325,780 | $36,894,522 | +1.2% |
| Land Value | $21,669,392 | $21,669,392 | +0.0% |
| Improvement Value | $15,656,388 | $15,225,130 | +2.8% |
| Taxable Value | $37,325,780 | $36,894,522 | +1.2% |
| Total Tax 2026 = estimate |
~$763,866
Estimated
|
~$755,041
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $37,325,780 | $37,325,780 | +0 (+0.0%) |
| Taxable Value | $37,325,780 | $37,325,780 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $37,325,780 | $21,669,392 | $15,656,388 | — | $37,325,780 | $37,325,780 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $36,894,522 | $21,669,392 | $15,225,130 | — | $36,894,522 | $36,894,522 | ~$755,041 | Partial |
| 2024 | $47,862,110 | — | — | −$26,192,718 | $21,669,392 | $— | $794,582 | Verified |
| 2023 | $52,811,423 | — | — | −$31,142,031 | $21,669,392 | $— | $865,944 | Verified |
| 2022 | $— | — | — | — | $11,866,572 | $— | $1,042,985 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +1.2% | +1.2% | ~100% | Not available | Partial |
| 2025 | -8.0% | -8.0% | ~100% | Not available | Partial |
| 2024 | -16.2% | -16.2% | ~100% | 1.9800% | Verified |
| 2023 | -9.4% | -9.4% | ~100% | 1.8100% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -30.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +1.2% | -10.4% | -16.6% | +1.2% | 2026 | -22.9% | 2025 |
| Assessment Ratio | 100.0% | 71.6% | — | 100.0% | 2025 | 41.0% | 2023 |
| 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 |
$755,041 | $805,189 | ~$436,032 | $865,944 | 2023 | $755,041 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$30,837,481 | ~$30,837,481 | ~2.0139% | ~$621,047 | -16.4% |
| 2027 | ~$25,774,836 | ~$25,774,836 | ~1.9814% | ~$510,700 | -30.1% |
| 2028 | ~$21,543,334 | ~$21,543,334 | ~1.9488% | ~$419,845 | -41.6% |
| 2029 | ~$18,006,526 | ~$18,006,526 | ~1.9163% | ~$345,057 | -51.2% |
| 2030 | ~$15,050,362 | ~$15,050,362 | ~1.8837% | ~$283,510 | -59.2% |
| 2026 | ~$35,049,796 | ~$35,049,796 | ~2.0465% | ~$717,289 | -5.0% |
| 2027 | ~$33,297,306 | ~$33,297,306 | ~2.0465% | ~$681,424 | -9.8% |
| 2028 | ~$31,632,441 | ~$31,632,441 | ~2.0465% | ~$647,353 | -14.3% |
| 2029 | ~$30,050,819 | ~$30,050,819 | ~2.0465% | ~$614,986 | -18.5% |
| 2030 | ~$28,548,278 | ~$28,548,278 | ~2.0465% | ~$584,236 | -22.6% |
| 2026 | ~$31,575,372 | ~$31,575,372 | ~1.9977% | ~$630,769 | -14.4% |
| 2027 | ~$27,023,093 | ~$27,023,093 | ~1.9488% | ~$526,637 | -26.8% |
| 2028 | ~$23,127,124 | ~$23,127,124 | ~1.9000% | ~$439,419 | -37.3% |
| 2029 | ~$19,792,845 | ~$19,792,845 | ~1.8512% | ~$366,404 | -46.4% |
| 2030 | ~$16,939,274 | ~$16,939,274 | ~1.8024% | ~$305,309 | -54.1% |
In 2025, this property's market value of $36,894,522 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 | $36,894,522 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $47,862,110 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $52,811,423 | $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.