1221 CONGRESS AVE 78704
| Owner | 1221 SC OWNER LLC |
|---|---|
| Parcel ID | 0300012104 |
| Short ID | 950014 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 191,515 SF |
| Land SF | 277,543 SF |
| Acres | 6.372 |
| Year Built | 1995 |
| Legal | UNT RESIDENTIAL UNIT 1221 SOUTH CONGRESS CONDOMINIUM PLUS 68.13 % INT IN COM AREA |
| Neighborhood | CBD |
| Land | $58,284,076 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $58,284,076 |
| Improvement | $34,815,924 |
|---|---|
| Total Improvement | $34,815,924 |
| Market | $93,100,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $93,100,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $93,100,000 |
| Taxable Value | $93,100,000 |
|---|
Appreciation: Market value has risen +24.4% from $74,823,519 (2023) to $93,100,000 (2025), a CAGR of 11.5% 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 Multi-Family parcel countywide fell -15.8%, so this parcel has outpaced the broader multi-family 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 $1,905,278. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Multi-family residential. 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 63% of market value ($58,284,076 land vs $34,815,924 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 $93,100,000, this parcel sits in the top quartile (≥75th percentile) of Multi-Family property in Travis County — county median $519,778 (P25 $438,669 / P75 $749,859, n=12,584). Multi-Family here is the broad TCAD category — every multi-family 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 +11.6% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $160,778,717 by 2030, with an estimated annual tax burden around $2,824,455. 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.
28 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| SO | Sketch Only | 458,283 SF | ✗ |
| 491 | SPRINKLER HEADS | 256,959 SF | ✗ |
| 187 | PARKING GARAGE | 91,760 SF | ✓ |
| 551 | PAVED AREA | 90,000 SF | ✗ |
| 1ST | 1st Floor | 83,945 SF | ✓ |
| 3RD | 3rd Floor | 62,978 SF | ✓ |
| 2ND | 2nd Floor | 44,592 SF | ✓ |
| 011C | PORCH OPEN 1ST COMM | 34,663 SF | ✗ |
| 4TH | 4th Floor | 26,865 SF | ✓ |
| 012C | PORCH OPEN 2 COMM | 24,621 SF | ✗ |
| 013C | PORCH OPEN 3 COMM | 20,028 SF | ✗ |
| 611 | TERRACE | 7,738 SF | ✗ |
| 571C | STORAGE DET COMM | 4,720 SF | ✓ |
| 581C | STORAGE ATT COMM | 3,658 SF | ✓ |
| 601 | POOL COMM'L | 1,322 SF | ✗ |
| MISC | Miscellaneous | 14 SF | ✓ |
| 482 | LIGHT POLES | 5 SF | ✓ |
| 133 | PLBG 5-FIXT SUP | 1 SF | ✓ |
| 143 | BATHTUB SUP | 1 SF | ✓ |
| 153 | COMMODE SUP | 1 SF | ✓ |
| 163 | LAVATORY SUP | 1 SF | ✓ |
| 183 | SINK SUP | 1 SF | ✓ |
| 193 | WATER HTR SUP | 1 SF | ✓ |
| 213 | URINAL SUP | 1 SF | ✓ |
| 223 | FOUNTAIN WTR SUP | 1 SF | ✓ |
| 521 | FIREPLACE | 1 SF | ✓ |
| 539 | FENCE FV | 1 SF | ✗ |
| 579 | STORAGE DET 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% | $861,361.20 | $861,361.20 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $487,859.83 | $487,859.83 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $349,911.70 | $349,911.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $109,879.41 | $109,879.41 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $96,265.40 | $96,265.40 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,905,277.54 | $1,905,277.54 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $92,180,000 | $93,100,000 | -1.0% |
| Assessed Value | $92,180,000 | $93,100,000 | -1.0% |
| Land Value | $58,284,076 | $58,284,076 | +0.0% |
| Improvement Value | $33,895,924 | $34,815,924 | -2.6% |
| Taxable Value | $92,180,000 | $93,100,000 | -1.0% |
| Total Tax 2026 = estimate |
~$1,886,450
Estimated
|
~$1,905,278
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $96,367,991 | $92,180,000 | -4,187,991 (-4.3%) |
| Taxable Value | $96,367,991 | $92,180,000 | -4,187,991 (-4.3%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $92,180,000 | $58,284,076 | $33,895,924 | — | $92,180,000 | $92,180,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $93,100,000 | $58,284,076 | $34,815,924 | — | $93,100,000 | $93,100,000 | ~$1,905,278 | Partial |
| 2024 | $80,000,000 | — | — | −$21,715,924 | $58,284,076 | $— | $1,572,218 | Verified |
| 2023 | $74,823,519 | — | — | −$16,539,443 | $58,284,076 | $— | $1,451,726 | Verified |
| 2022 | $— | — | — | — | $31,917,470 | $— | $1,477,707 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +3.5% | +3.5% | ~100% | Not available | Partial |
| 2025 | +17.4% | +17.4% | ~100% | Not available | Partial |
| 2024 | -6.0% | -6.0% | ~100% | 1.9800% | Verified |
| 2023 | +12.8% | +12.8% | ~100% | 1.7200% | Verified |
| 2022 | base year | — | ~100% | 1.9700% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +24.4% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -1.0% | +7.4% | +11.8% | +16.4% | 2025 | -1.0% | 2026 |
| Assessment Ratio | 100.0% | 87.7% | — | 100.0% | 2025 | 72.9% | 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 |
$1,905,278 | $1,643,074 | ~$2,429,192 | $1,905,278 | 2025 | $1,451,726 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$103,849,750 | ~$102,410,000 | ~2.0139% | ~$2,062,472 | +11.5% |
| 2027 | ~$115,840,716 | ~$112,651,000 | ~1.9814% | ~$2,232,053 | +24.4% |
| 2028 | ~$129,216,213 | ~$123,916,100 | ~1.9488% | ~$2,414,926 | +38.8% |
| 2029 | ~$144,136,106 | ~$136,307,710 | ~1.9163% | ~$2,612,052 | +54.8% |
| 2030 | ~$160,778,717 | ~$149,938,481 | ~1.8837% | ~$2,824,455 | +72.7% |
| 2026 | ~$101,987,750 | ~$101,987,750 | ~2.0465% | ~$2,087,164 | +9.5% |
| 2027 | ~$111,723,966 | ~$111,723,966 | ~2.0465% | ~$2,286,414 | +20.0% |
| 2028 | ~$122,389,645 | ~$122,389,645 | ~2.0465% | ~$2,504,686 | +31.5% |
| 2029 | ~$134,073,518 | ~$134,073,518 | ~2.0465% | ~$2,743,794 | +44.0% |
| 2030 | ~$146,872,787 | ~$146,872,787 | ~2.0465% | ~$3,005,730 | +57.8% |
| 2026 | ~$105,711,750 | ~$102,410,000 | ~1.9977% | ~$2,045,806 | +13.5% |
| 2027 | ~$120,031,946 | ~$112,651,000 | ~1.9488% | ~$2,195,387 | +28.9% |
| 2028 | ~$136,292,020 | ~$123,916,100 | ~1.9000% | ~$2,354,427 | +46.4% |
| 2029 | ~$154,754,759 | ~$136,307,710 | ~1.8512% | ~$2,523,320 | +66.2% |
| 2030 | ~$175,718,543 | ~$149,938,481 | ~1.8024% | ~$2,702,448 | +88.7% |
In 2025, this property's market value of $93,100,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 179× the county median of $519,778. Multi-Family here is the broad TCAD category — every multi-family 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 | $93,100,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $80,000,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $74,823,519 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | — | $506,618 | $615,058 | $906,429 | — | +39.1% |
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.