6001 S CONGRESS AVE TX 78745
| Owner | WMCI AUSTIN X LLC & |
|---|---|
| Parcel ID | 0418070701 |
| Short ID | 512106 |
| Type | Real |
| Use Code | 08 Apartment 100+ Units |
| Valuation | Income |
| Improvement SF | 198,334 SF |
| Land SF | 265,686 SF |
| Acres | 6.099 |
| Year Built | 2020 |
| Legal | ABS 6 SUR 19 CANNON W ACR 6.0993 |
| Neighborhood | 08SC2 |
| Land | $6,642,150 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $6,642,150 |
| Improvement | $43,357,850 |
|---|---|
| Total Improvement | $43,357,850 |
| Market | $50,000,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $50,000,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $50,000,000 |
| Taxable Value | $50,000,000 |
|---|
Appreciation: Market value has risen +92.9% from $25,925,520 (2021) to $50,000,000 (2025), a CAGR of 17.8% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2022), 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 $1,023,242. 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 13% of market value ($6,642,150 land vs $43,357,850 improvements), about $25/SF of land. Most value sits in the improvements, so building condition, age (~6 yrs), and rent roll drive the underwriting.
Submarket Position: At $50,000,000, 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 +17.8% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $113,637,891 by 2030, with an estimated annual tax burden around $1,516,893. 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 | 198,334 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% | $462,600.00 | $462,600.00 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $262,008.50 | $262,008.50 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $187,922.50 | $187,922.50 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $59,011.50 | $59,011.50 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $51,700.00 | $51,700.00 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $1,023,242.50 | $1,023,242.50 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $42,950,000 | $50,000,000 | -14.1% |
| Assessed Value | $42,950,000 | $50,000,000 | -14.1% |
| Land Value | $6,642,150 | $6,642,150 | +0.0% |
| Improvement Value | $36,307,850 | $43,357,850 | -16.3% |
| Taxable Value | $42,950,000 | $50,000,000 | -14.1% |
| Total Tax 2026 = estimate |
~$878,965
Estimated
|
~$1,023,242
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $47,534,829 | $42,950,000 | -4,584,829 (-9.6%) |
| Taxable Value | $47,534,829 | $42,950,000 | -4,584,829 (-9.6%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $42,950,000 | $6,642,150 | $36,307,850 | — | $42,950,000 | $42,950,000 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $50,000,000 | $6,642,150 | $43,357,850 | — | $50,000,000 | $50,000,000 | ~$1,023,242 | Partial |
| 2024 | $68,150,000 | — | — | −$61,507,850 | $6,642,150 | $— | $1,172,441 | Verified |
| 2023 | $64,500,000 | — | — | −$57,857,850 | $6,642,150 | $— | $1,233,002 | Verified |
| 2022 | $48,045,655 | — | — | −$41,403,505 | $6,642,150 | $— | $1,180,014 | Verified |
| 2021 | $25,925,520 | — | — | −$19,283,370 | $6,642,150 | $— | $1,045,800 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.9% | -4.9% | ~100% | Not available | Partial |
| 2025 | -15.5% | -15.5% | ~100% | Not available | Partial |
| 2024 | -21.7% | -21.7% | ~100% | 1.9800% | Verified |
| 2023 | +17.2% | +17.2% | ~100% | 1.6300% | Verified |
| 2022 | +34.2% | +34.2% | ~100% | 1.8300% | Verified |
| 2021 | base year | — | ~100% | 4.0300% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +4.1% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -14.1% | +16.9% | +21.7% | +85.3% | 2022 | -26.6% | 2025 |
| Assessment Ratio | 100.0% | 43.2% | — | 100.0% | 2025 | 9.7% | 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 |
$1,023,242 | $1,130,900 | ~$1,304,614 | $1,233,002 | 2023 | $1,023,242 | 2025 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$58,922,428 | ~$55,000,000 | ~2.0139% | ~$1,107,665 | +17.8% |
| 2027 | ~$69,437,051 | ~$60,500,000 | ~1.9814% | ~$1,198,740 | +38.9% |
| 2028 | ~$81,827,993 | ~$66,550,000 | ~1.9488% | ~$1,296,953 | +63.7% |
| 2029 | ~$96,430,081 | ~$73,205,000 | ~1.9163% | ~$1,402,821 | +92.9% |
| 2030 | ~$113,637,891 | ~$80,525,500 | ~1.8837% | ~$1,516,893 | +127.3% |
| 2026 | ~$57,922,428 | ~$55,000,000 | ~2.0465% | ~$1,125,567 | +15.8% |
| 2027 | ~$67,100,154 | ~$60,500,000 | ~2.0465% | ~$1,238,123 | +34.2% |
| 2028 | ~$77,732,077 | ~$66,550,000 | ~2.0465% | ~$1,361,936 | +55.5% |
| 2029 | ~$90,048,613 | ~$73,205,000 | ~2.0465% | ~$1,498,129 | +80.1% |
| 2030 | ~$104,316,687 | ~$80,525,500 | ~2.0465% | ~$1,647,942 | +108.6% |
| 2026 | ~$59,922,428 | ~$55,000,000 | ~1.9977% | ~$1,098,714 | +19.8% |
| 2027 | ~$71,813,948 | ~$60,500,000 | ~1.9488% | ~$1,179,048 | +43.6% |
| 2028 | ~$86,065,323 | ~$66,550,000 | ~1.9000% | ~$1,264,461 | +72.1% |
| 2029 | ~$103,144,863 | ~$73,205,000 | ~1.8512% | ~$1,355,167 | +106.3% |
| 2030 | ~$123,613,813 | ~$80,525,500 | ~1.8024% | ~$1,451,368 | +147.2% |
In 2025, this property's market value of $50,000,000 places it in the top 25% for Multi-Family properties in Travis County (12584 comparable) — 96× 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 | $50,000,000 | $438,669 | $519,778 | $749,859 | ↑ Top 25% | -7.5% |
| 2024 | $68,150,000 | $467,458 | $564,615 | $848,565 | ↑ Top 25% | -6.3% |
| 2023 | $64,500,000 | $503,905 | $617,035 | $919,932 | ↑ Top 25% | +0.9% |
| 2022 | $48,045,655 | $506,618 | $615,058 | $906,429 | ↑ Top 25% | +39.1% |
| 2021 | $25,925,520 | $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.