3400 S CONGRESS AVE TX 78704
| Owner | CHUNG PETER & SUZAN |
|---|---|
| Parcel ID | 0407031306 |
| Short ID | 309953 |
| Type | Real |
| Use Code | 37 Motel — Extended Stay |
| Valuation | Income |
| Improvement SF | 14,481 SF |
| Land SF | 70,234 SF |
| Acres | 1.612 |
| Year Built | 1936 |
| Legal | LOT 1-3 BLK 1 BRACKENRIDGE HEIGHTS ABS 8 SUR 20 DECKER I ACR 1.07 + ADJ PT VAC STREET (COMMERCIAL PERSONAL PROPERTY) |
| Neighborhood | 37SC3 |
| Land | $7,163,868 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $7,163,868 |
| Improvement | $1 |
|---|---|
| Total Improvement | $1 |
| Market | $7,163,869 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $7,163,869 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $7,163,869 |
| Taxable Value | $7,163,869 |
|---|
Appreciation: Market value has risen +69.2% from $4,234,187 (2021) to $7,163,869 (2025), a CAGR of 14.0% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2023→2024), 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 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 $146,608. 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 100% of market value ($7,163,868 land vs $1 improvements), about $102/SF of land. With value concentrated in the land under a ~90-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 $7,163,869, 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 +14.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $13,823,552 by 2030, with an estimated annual tax burden around $217,336. 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.
9 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 8,267 SF | ✓ |
| 2ND | 2nd Floor | 6,214 SF | ✓ |
| 551 | PAVED AREA | 5,200 SF | ✗ |
| 041C | GARAGE ATT 1ST COMM | 4,336 SF | ✓ |
| 501 | CANOPY | 173 SF | ✗ |
| 611 | TERRACE | 110 SF | ✗ |
| 011C | PORCH OPEN 1ST COMM | 86 SF | ✗ |
| 591 | MASONRY TRIM SF | 50 SF | ✗ |
| 152 | COMMODE AVG | 14 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% | $66,280.12 | $66,280.12 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $37,539.89 | $37,539.89 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $26,925.04 | $26,925.04 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $8,455.01 | $8,455.01 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $7,407.44 | $7,407.44 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $146,607.50 | $146,607.50 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $7,163,868 | $7,163,869 | -0.0% |
| Assessed Value | $7,163,868 | $7,163,869 | -0.0% |
| Land Value | $7,163,868 | $7,163,868 | +0.0% |
| Improvement Value | — | $1 | — |
| Taxable Value | $7,163,868 | $7,163,869 | -0.0% |
| Total Tax 2026 = estimate |
~$146,607
Estimated
|
~$146,608
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $7,163,868 | $7,163,868 | +0 (+0.0%) |
| Taxable Value | $7,163,868 | $7,163,868 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $7,163,868 | $7,163,868 | — | — | $7,163,868 | $7,163,868 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $7,163,869 | $7,163,868 | $1 | — | $7,163,869 | $7,163,869 | ~$146,608 | Partial |
| 2024 | $6,000,000 | — | — | — | $7,163,868 ! | $— | $141,975 | Verified |
| 2023 | $4,234,187 | — | — | — | $6,000,000 ! | $— | $108,555 | Verified |
| 2022 | $4,234,187 | — | — | −$55,264 | $4,178,923 | $— | $83,622 | Verified |
| 2021 | $4,234,187 | — | — | −$55,264 | $4,178,923 | $— | $92,165 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2025 | +0.0% | +0.0% | ~100% | Not available | Partial |
| 2024 | +19.4% | +19.4% | ~100% | 1.9800% | Verified |
| 2023 | +41.7% | +41.7% | ~100% | 1.8100% | Verified |
| 2022 | +0.0% | +0.0% | ~100% | 1.9700% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +69.2% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +-0.0% | +12.2% | +14.0% | +41.7% | 2024 | +-0.0% | 2026 |
| Assessment Ratio | 100.0% | 109.8% | — | 141.7% | 2023 | 98.7% | 2021 |
| 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 |
$146,608 | $114,585 | ~$186,922 | $146,608 | 2025 | $83,622 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$8,170,376 | ~$7,880,256 | ~2.0139% | ~$158,703 | +14.0% |
| 2027 | ~$9,318,295 | ~$8,668,281 | ~1.9814% | ~$171,752 | +30.1% |
| 2028 | ~$10,627,493 | ~$9,535,110 | ~1.9488% | ~$185,824 | +48.3% |
| 2029 | ~$12,120,631 | ~$10,488,621 | ~1.9163% | ~$200,993 | +69.2% |
| 2030 | ~$13,823,552 | ~$11,537,483 | ~1.8837% | ~$217,336 | +93.0% |
| 2026 | ~$8,027,098 | ~$7,880,256 | ~2.0465% | ~$161,268 | +12.0% |
| 2027 | ~$8,994,345 | ~$8,668,281 | ~2.0465% | ~$177,395 | +25.6% |
| 2028 | ~$10,078,143 | ~$9,535,110 | ~2.0465% | ~$195,135 | +40.7% |
| 2029 | ~$11,292,535 | ~$10,488,621 | ~2.0465% | ~$214,648 | +57.6% |
| 2030 | ~$12,653,259 | ~$11,537,483 | ~2.0465% | ~$236,113 | +76.6% |
| 2026 | ~$8,313,653 | ~$7,880,256 | ~1.9977% | ~$157,421 | +16.0% |
| 2027 | ~$9,647,975 | ~$8,668,281 | ~1.9488% | ~$168,931 | +34.7% |
| 2028 | ~$11,196,453 | ~$9,535,110 | ~1.9000% | ~$181,169 | +56.3% |
| 2029 | ~$12,993,457 | ~$10,488,621 | ~1.8512% | ~$194,165 | +81.4% |
| 2030 | ~$15,078,877 | ~$11,537,483 | ~1.8024% | ~$207,948 | +110.5% |
In 2025, this property's market value of $7,163,869 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 5× 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 | $7,163,869 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $6,000,000 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $4,234,187 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $4,234,187 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $4,234,187 | $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.