2216 NORMANDY VIEW TX 78641
| Owner | SETTY RAGHAVENDRA PRASAD & |
|---|---|
| Parcel ID | 0504500620 |
| Short ID | 899155 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 7,801 SF |
| Land SF | 19,467 SF |
| Acres | 0.447 |
| Year Built | 2024 |
| Legal | LOT 32 BLK F TRAVISSO PHS 2 SECS 2F, 2G, & 2H |
| Neighborhood | T4500 |
| Land | $506,463 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $506,463 |
| Improvement | — |
|---|---|
| Total Improvement | — |
| Market | $506,463 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $506,463 |
| Value Limitation Adjustment (−) (homestead cap) | −$11,463 |
| Net Appraised (assessed) | $495,000 |
| Taxable Value | $495,000 |
|---|
Appreciation: Market value has risen +608.3% from $71,500 (2021) to $506,463 (2025), a CAGR of 63.1% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2021→2024), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Land/Vacant parcel countywide rose +487.2%, so this parcel has outpaced the broader land/vacant market over the same period.
Tax Burden: The combined rate across 6 taxing entities is 2.4764% in 2025 (+0.0536% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $12,258. Leander ISD is the largest single contributor, at 43.9% of the total 2025 levy.
Assessment Gap: Assessed value ($495,000) is $11,463 below market value, suggesting potential for an upward assessment in future years.
Asset Class: Land / Vacant. This is valued using the cost approach, tied more to replacement cost and physical condition than to income performance.
Value Composition: Land carries 100% of market value ($506,463 land vs $0 improvements), about $26/SF of land. With value concentrated in the land, this reads as a land-dominated asset — the classic higher-and-best-use / redevelopment signal. Underwrite the dirt, not the building.
Submarket Position: At $506,463, this parcel sits in the top quartile (≥75th percentile) of Land/Vacant property in Travis County — county median $85,028 (P25 $24,862 / P75 $363,420, n=35,611). Land/Vacant here is the broad TCAD category — every land/vacant 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 +63.1% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $5,852,613 by 2030, with an estimated annual tax burden around $124,509. 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.
17 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 7,801 SF | ✗ |
| 1ST | 1st Floor | 3,918 SF | ✓ |
| 2ND | 2nd Floor | 3,883 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 1,343 SF | ✓ |
| 613 | TERRACE COVERED | 561 SF | ✗ |
| 612 | TERRACE UNCOVERD | 368 SF | ✗ |
| 581 | STORAGE ATT | 180 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 126 SF | ✗ |
| 012 | PORCH OPEN 2ND F | 84 SF | ✗ |
| 252 | BEDROOMS | 3 SF | ✓ |
| 251 | BATHROOM | 2 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
| 522 | FIREPLACE | 1 SF | ✓ |
| 410 | OUTDOOR KITCHEN | 1 SF | ✓ |
| 447 | SPA CONCRETE | 1 SF | ✗ |
| 604 | POOL RES CONC | 1 SF | ✗ |
| 186 | THEATER (HOME) | 1 SF | ✓ |
Market value changed by 362% in 2022, 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% | $5,380.16 | $5,380.16 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $2,065.55 | $2,065.55 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $1,860.43 | $1,860.43 | Paid |
| U6M Travis County MUD # 21 | 0.3650% | 0.3650% | 0.3650% | 0.3650% | 0.3750% | +0.0100% | $1,856.25 | $1,856.25 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $584.21 | $584.21 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $511.83 | $511.83 | Paid |
| Combined Rate | 2.7557% | 2.5875% | 2.3949% | 2.4229% | 2.4764% | +0.0536% | $12,258.43 | $12,258.43 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $696,013 | $506,463 | +37.4% |
| Assessed Value | $696,013 | $495,000 | +40.6% |
| Land Value | $696,013 | $506,463 | +37.4% |
| Improvement Value | — | — | — |
| Taxable Value | $696,013 | $495,000 | +40.6% |
| Total Tax 2026 = estimate |
~$17,236
Estimated
|
~$12,258
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $696,013 | $696,013 | +0 (+0.0%) |
| Taxable Value | $696,013 | $696,013 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $696,013 | $696,013 | — | — | $696,013 | $696,013 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $506,463 | $506,463 | — | −$11,463 | $495,000 | $495,000 | ~$12,258 | Partial |
| 2024 | $594,000 | — | — | −$181,500 | $412,500 | $— | $9,994 | Verified |
| 2023 | $— | — | — | — | $594,000 | $— | $14,226 | Verified |
| 2022 | $— | — | — | — | $330,000 | $— | $8,539 | Verified |
| 2021 | $71,500 | — | — | — | $71,500 | $— | $1,970 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +37.4% | +40.6% | ~100% | Not available | Partial |
| 2025 | +22.8% | +20.0% | 97.7% | Not available | Partial |
| 2024 | -30.6% | -30.6% | ~100% | 2.4200% | Verified |
| 2023 | +80.0% ! | +80.0% | ~100% | 2.3900% | Verified |
| 2022 | +361.5% ! | +361.5% | ~100% | 2.5900% | Verified |
| 2021 | base year | — | ~100% | 2.7600% | Verified |
| Cumulative market value growth (earliest valid year → 2025): +608.3% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +37.4% | +251.2% | +54.3% | +730.8% | 2024 | -14.7% | 2025 |
| Assessment Ratio | 100.0% | 91.8% | — | 100.0% | 2021 | 69.4% | 2024 |
| Effective Tax Rate (2025) | 2.4200% | 2.4200% | — | 2.4200% | 2025 | 2.4200% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$12,258 | $8,074 | ~$60,914 | $12,258 | 2025 | $1,970 | 2021 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$826,244 | ~$826,244 | ~2.4066% | ~$19,885 | +63.1% |
| 2027 | ~$1,347,934 | ~$1,347,934 | ~2.3368% | ~$31,499 | +166.1% |
| 2028 | ~$2,199,019 | ~$2,199,019 | ~2.2670% | ~$49,852 | +334.2% |
| 2029 | ~$3,587,479 | ~$3,587,479 | ~2.1972% | ~$78,825 | +608.3% |
| 2030 | ~$5,852,613 | ~$5,852,613 | ~2.1274% | ~$124,509 | +1055.6% |
| 2026 | ~$816,114 | ~$816,114 | ~2.4764% | ~$20,211 | +61.1% |
| 2027 | ~$1,315,087 | ~$1,315,087 | ~2.4764% | ~$32,567 | +159.7% |
| 2028 | ~$2,119,130 | ~$2,119,130 | ~2.4764% | ~$52,479 | +318.4% |
| 2029 | ~$3,414,766 | ~$3,414,766 | ~2.4764% | ~$84,565 | +574.2% |
| 2030 | ~$5,502,554 | ~$5,502,554 | ~2.4764% | ~$136,268 | +986.5% |
| 2026 | ~$836,373 | ~$836,373 | ~2.3717% | ~$19,837 | +65.1% |
| 2027 | ~$1,381,186 | ~$1,381,186 | ~2.2670% | ~$31,312 | +172.7% |
| 2028 | ~$2,280,891 | ~$2,280,891 | ~2.1623% | ~$49,320 | +350.4% |
| 2029 | ~$3,766,662 | ~$3,766,662 | ~2.0576% | ~$77,503 | +643.7% |
| 2030 | ~$6,220,266 | ~$6,220,266 | ~1.9529% | ~$121,475 | +1128.2% |
In 2025, this property's market value of $506,463 places it in the top 25% for Land/Vacant properties in Travis County (35611 comparable) — 6× the county median of $85,028. Land/Vacant here is the broad TCAD category — every land/vacant 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 | $506,463 | $24,862 | $85,028 | $363,420 | ↑ Top 25% | +2.1% |
| 2024 | $594,000 | $23,000 | $66,000 | $330,000 | ↑ Top 25% | +0.0% |
| 2023 | — | $25,000 | $71,500 | $271,439 | — | +0.0% |
| 2022 | — | $15,000 | $55,000 | $180,463 | — | +100.0% |
| 2021 | $71,500 | $6,000 | $14,480 | $80,000 | ↑ Above median | 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.