4341 S CONGRESS AVE TX 78745
| Owner | BISHOP MOMO PROPERTY LLC |
|---|---|
| Parcel ID | 0412040502 |
| Short ID | 316327 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 226,050 SF |
| Land SF | 99,426 SF |
| Acres | 2.283 |
| Year Built | 2024 |
| Legal | 1.156 ACR OF BLK 26 FORTVIEW ADDN |
| Neighborhood | 63SOU |
| Land | $4,474,221 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $4,474,221 |
| Improvement | $62,885,779 |
|---|---|
| Total Improvement | $62,885,779 |
| Market | $67,360,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $67,360,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $67,360,000 |
| Taxable Value | $67,360,000 |
|---|
| Total Due | $200.92 |
|---|---|
| First Delinquent | 2022 |
Appreciation: Market value has risen +2757.2% from $2,357,584 (2021) to $67,360,000 (2025), a CAGR of 131.2% over 4 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 rose +37.9%, 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 $1,378,512. 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 7% of market value ($4,474,221 land vs $62,885,779 improvements), about $45/SF of land. Most value sits in the improvements, so building condition, age (~2 yrs), and rent roll drive the underwriting.
Submarket Position: At $67,360,000, 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 +131.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $4,449,597,293 by 2030, with an estimated annual tax burden around $2,043,558. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
Delinquent Taxes: $200.92 in unpaid taxes since 2022. These become a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
1 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 1ST | 1st Floor | 226,050 SF | ✓ |
Market value changed by 260% in 2023, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
This parcel has unpaid taxes on record. Delinquent taxes are a lien on the property and transfer to the buyer at closing unless negotiated otherwise.
| 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% | $610,632.00 | $610,632.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $345,851.22 | $345,851.22 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $248,057.70 | $248,057.70 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $77,895.18 | $77,895.18 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $68,244.00 | $68,244.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,350,680.10 | $1,350,680.10 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $64,780,000 | $67,360,000 | -3.8% |
| Assessed Value | $64,780,000 | $67,360,000 | -3.8% |
| Land Value | $4,474,221 | $4,474,221 | +0.0% |
| Improvement Value | $60,305,779 | $62,885,779 | -4.1% |
| Taxable Value | $64,636,601 | $67,360,000 | -4.0% |
| Total Tax 2026 = estimate |
~$1,322,778
Estimated
|
~$1,350,680
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $64,780,000 | $64,780,000 | +0 (+0.0%) |
| Taxable Value | $64,636,601 | $64,636,601 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $64,780,000 | $4,474,221 | $60,305,779 | — | $64,780,000 | $64,636,601 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $67,360,000 | $4,474,221 | $62,885,779 | — | $67,360,000 | $67,360,000 | ~$1,350,680 | Partial |
| 2024 | $8,157,063 | — | — | −$5,980,801 | $2,176,262 | $— | $602,147 | Verified |
| 2023 | $2,484,138 | — | — | −$308,055 | $2,176,083 | $— | $147,581 | Verified |
| 2022 | $2,359,366 | — | — | −$93,391 | $2,265,975 | $— | $48,969 | Verified |
| 2021 | $2,357,584 | — | — | −$91,609 | $2,265,975 | $— | $51,356 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -3.8% | -3.8% | ~100% | Not available | Partial |
| 2025 | +121.7% ! | +121.7% | ~100% | Not available | Partial |
| 2024 | +272.5% ! | +272.5% | ~100% | 1.9800% | Verified |
| 2023 | +260.0% ! | +260.0% | ~100% | 1.8100% | Verified |
| 2022 | -4.0% | -4.0% | ~100% | 2.1600% | Verified |
| 2021 | base year | — | ~100% | 2.1800% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +2755.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -3.8% | +191.2% | +133.0% | +725.8% | 2025 | -3.8% | 2026 |
| Assessment Ratio | 100.0% | 84.4% | — | 100.0% | 2025 | 26.7% | 2024 |
| Effective Tax Rate (2025) | 2.0100% | 2.0100% | — | 2.0100% | 2025 | 2.0100% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$1,350,680 | $440,147 | ~$1,757,576 | $1,350,680 | 2025 | $48,969 | 2022 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$155,734,848 | ~$74,096,000 | ~2.0139% | ~$1,492,246 | +131.2% |
| 2027 | ~$360,055,567 | ~$81,505,600 | ~1.9814% | ~$1,614,942 | +434.5% |
| 2028 | ~$832,440,604 | ~$89,656,160 | ~1.9488% | ~$1,747,255 | +1135.8% |
| 2029 | ~$1,924,584,490 | ~$98,621,776 | ~1.9163% | ~$1,889,880 | +2757.2% |
| 2030 | ~$4,449,597,293 | ~$108,483,954 | ~1.8837% | ~$2,043,558 | +6505.7% |
| 2026 | ~$154,387,648 | ~$74,096,000 | ~2.0465% | ~$1,516,364 | +129.2% |
| 2027 | ~$353,853,117 | ~$81,505,600 | ~2.0465% | ~$1,668,000 | +425.3% |
| 2028 | ~$811,023,613 | ~$89,656,160 | ~2.0465% | ~$1,834,800 | +1104.0% |
| 2029 | ~$1,858,848,402 | ~$98,621,776 | ~2.0465% | ~$2,018,280 | +2659.6% |
| 2030 | ~$4,260,439,926 | ~$108,483,954 | ~2.0465% | ~$2,220,108 | +6224.9% |
| 2026 | ~$157,082,048 | ~$74,096,000 | ~1.9977% | ~$1,480,188 | +133.2% |
| 2027 | ~$366,311,905 | ~$81,505,600 | ~1.9488% | ~$1,588,413 | +443.8% |
| 2028 | ~$854,231,359 | ~$89,656,160 | ~1.9000% | ~$1,703,482 | +1168.2% |
| 2029 | ~$1,992,048,866 | ~$98,621,776 | ~1.8512% | ~$1,825,680 | +2857.3% |
| 2030 | ~$4,645,414,433 | ~$108,483,954 | ~1.8024% | ~$1,955,284 | +6796.4% |
In 2025, this property's market value of $67,360,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 130× 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 | $67,360,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $8,157,063 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $2,484,138 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $2,359,366 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $2,357,584 | $300,453 | $376,850 | $539,896 | ↑ 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.