NOVARA TRL 78641
| Owner | PRABHAKAR SHIVARAM & |
|---|---|
| Parcel ID | 0502550601 |
| Short ID | 965783 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 5,127 SF |
| Land SF | 16,397 SF |
| Acres | 0.376 |
| Year Built | 2022 |
| Legal | TRAVISSO PHS 4 SEC 5 BLK F LOT 8 |
| Neighborhood | T4500 |
| Land | $362,959 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $362,959 |
| Improvement | $758,518 |
|---|---|
| Total Improvement | $758,518 |
| Market | $1,121,477 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $1,121,477 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $1,121,477 |
| Exemptions (−) (HS) | −$72,592 |
|---|---|
| Taxable Value | $1,048,885 |
Tax Burden: The combined rate across 6 taxing entities is 2.5114% in 2025 (+0.0586% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $26,342. Leander ISD is the largest single contributor, at 40.6% of the total 2025 levy.
Asset Class: O. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 32% of market value ($362,959 land vs $758,518 improvements), about $22/SF of land. Most value sits in the improvements, so building condition, age (~4 yrs), and rent roll drive the underwriting.
No delinquent taxes on record.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 5,127 SF | ✗ |
| 1ST | 1st Floor | 3,197 SF | ✓ |
| 2ND | 2nd Floor | 1,930 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 757 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 615 SF | ✗ |
| 251 | BATHROOM | 4 SF | ✓ |
| 252 | BEDROOMS | 4 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
| 410 | OUTDOOR KITCHEN | 1 SF | ✓ |
Market value changed by 362% in 2024, flagged as unusually large. Verify against comparable sales before using this value in underwriting.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| ILE Leander ISD | 1.3370% | 1.2746% | 1.1087% | 1.0869% | 1.0869% | +0.0000% | $10,667.67 | $10,667.67 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $4,658.86 | $4,658.86 | Paid |
| U7N Travis County MUD #19 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $4,598.06 | $4,598.06 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $3,942.18 | $3,942.18 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $1,237.93 | $1,237.93 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $1,154.44 | $1,154.44 | Paid |
| Combined Rate | 2.7857% | 2.6175% | 2.4249% | 2.4529% | 2.5114% | +0.0586% | $26,259.14 | $26,259.14 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $1,020,317 | $1,121,477 | -9.0% |
| Assessed Value | $1,020,317 | $1,121,477 | -9.0% |
| Land Value | $263,970 | $362,959 | -27.3% |
| Improvement Value | $756,347 | $758,518 | -0.3% |
| Taxable Value | $967,523 | $1,048,885 | -7.8% |
| Exemptions | HS | HS | |
| Total Tax 2026 = estimate |
~$24,299
Estimated
|
~$26,259
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $1,068,395 | $1,020,317 | -48,078 (-4.5%) |
| Taxable Value | $1,015,601 | $967,523 | -48,078 (-4.7%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $1,020,317 | $263,970 | $756,347 | — | $1,020,317 | $967,523 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $1,121,477 | $362,959 | $758,518 | — | $1,121,477 | $1,048,885 | ~$26,259 | Partial |
| 2024 | $— | — | — | — | $330,000 | $— | $28,512 | Verified |
| 2023 | $— | — | — | — | $264,000 | $— | $6,324 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | -4.7% | -4.7% | ~100% | Not available | Partial |
| 2025 | -8.1% | -8.1% | ~100% | Not available | Partial |
| 2024 | +362.1% ! | +362.1% | ~100% | 2.3400% | Verified |
| 2023 | base year | — | ~100% | 2.4000% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +324.8% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | -9.0% | -9.0% | — | -9.0% | 2026 | -9.0% | 2026 |
| Assessment Ratio | 100.0% | 100.0% | — | 100.0% | 2025 | 100.0% | 2025 |
| Effective Tax Rate (2025) | 2.3400% | 2.3400% | — | 2.3400% | 2025 | 2.3400% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$26,259 | $26,259 | — | $26,259 | 2025 | $26,259 | 2025 |
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.