PORT GENOVA CT 78641
| Owner | NARAHARISETTI VENKATA NAGA V K & VYSHNAVI MADIREDDY |
|---|---|
| Parcel ID | 0508551155 |
| Short ID | 939911 |
| Type | Real |
| Use Code | 01 Single-Family Residence |
| Valuation | Cost |
| Improvement SF | 4,637 SF |
| Land SF | 13,491 SF |
| Acres | 0.310 |
| Year Built | 2021 |
| Legal | LOT 17 BLK T TRAVISSO PHS 3 SEC 7 |
| Neighborhood | T4500 |
| Land | $316,168 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $316,168 |
| Improvement | $537,423 |
|---|---|
| Total Improvement | $537,423 |
| Market | $853,591 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $853,591 |
| Value Limitation Adjustment (−) (homestead cap) | −$176,099 |
| Net Appraised (assessed) | $677,492 |
| Exemptions (−) (HS) | −$135,498 |
|---|---|
| Taxable Value | $541,994 |
Appreciation: Market value has risen +69.4% from $503,750 (2023) to $853,591 (2025), a CAGR of 30.2% over 2 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.
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 $13,612. Leander ISD is the largest single contributor, at 39.5% of the total 2025 levy.
Assessment Gap: Assessed value ($677,492) is $176,099 below market value, suggesting potential for an upward assessment in future years.
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 37% of market value ($316,168 land vs $537,423 improvements), about $23/SF of land. Most value sits in the improvements, so building condition, age (~5 yrs), and rent roll drive the underwriting.
Forward Outlook: Holding the +30.2% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $3,190,338 by 2030, with an estimated annual tax burden around $23,662. 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.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 095 | HVAC RESIDENTIAL | 4,637 SF | ✗ |
| 1ST | 1st Floor | 2,855 SF | ✓ |
| 2ND | 2nd Floor | 1,782 SF | ✓ |
| 041 | GARAGE ATT 1ST F | 681 SF | ✓ |
| 011 | PORCH OPEN 1ST F | 585 SF | ✗ |
| 251 | BATHROOM | 5 SF | ✓ |
| 252 | BEDROOMS | 5 SF | ✓ |
| 522 | FIREPLACE | 2 SF | ✓ |
| 250 | HALF BATHROOM | 1 SF | ✓ |
| 410 | OUTDOOR KITCHEN | 1 SF | ✓ |
Market value changed by 869% 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% | $5,842.00 | $5,842.00 | Paid |
| CLE City of Leander | 0.4797% | 0.4323% | 0.4173% | 0.4173% | 0.4173% | +0.0000% | $2,798.78 | $2,798.78 | Paid |
| U7P Travis County MUD #20 | 0.3950% | 0.3950% | 0.3950% | 0.3950% | 0.4100% | +0.0150% | $2,777.72 | $2,777.72 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $2,037.06 | $2,037.06 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $693.52 | $693.52 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $639.68 | $639.68 | Paid |
| Combined Rate | 2.7857% | 2.6175% | 2.4249% | 2.4529% | 2.5114% | +0.0586% | $14,788.76 | $14,788.76 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $956,876 | $853,591 | +12.1% |
| Assessed Value | $745,241 | $677,492 | +10.0% |
| Land Value | $229,940 | $316,168 | -27.3% |
| Improvement Value | $726,936 | $537,423 | +35.3% |
| Taxable Value | $596,193 | $541,994 | +10.0% |
| Exemptions | HS | HS | |
| HS Cap Loss | -$211,635 | — | |
| Total Tax 2026 = estimate |
~$14,973
Estimated
|
~$14,789
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $956,876 | $956,876 | +0 (+0.0%) |
| Taxable Value | $596,193 | $596,193 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $956,876 | $229,940 | $726,936 | −$211,635 | $745,241 | $596,193 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $853,591 | $316,168 | $537,423 | −$176,099 | $677,492 | $541,994 | ~$14,789 | Partial |
| 2024 | $1,018,257 | — | — | −$715,757 | $302,500 | $— | $13,431 | Verified |
| 2023 | $503,750 | — | — | −$201,250 | $302,500 | $— | $11,986 | Verified |
| 2022 | $— | — | — | — | $242,000 | $— | $12,941 | Verified |
| 2021 | $— | — | — | — | $52,000 | $— | $1,449 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +12.1% | +10.0% | 77.9% | Not available | Partial |
| 2025 | -4.7% | +10.0% | 79.4% | Not available | Partial |
| 2024 | -12.1% | +10.0% | 68.8% | 1.5000% | Verified |
| 2023 | +102.1% ! | +11.1% | 55.0% | 1.1800% | Verified |
| 2022 | +868.8% ! | +868.8% | ~100% | 2.5700% | Verified |
| 2021 | base year | — | ~100% | No billing data | Verified |
| Cumulative market value growth (earliest valid year → 2025): +1541.5% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +12.1% | +32.7% | +27.4% | +102.1% | 2024 | -16.2% | 2025 |
| Assessment Ratio | 77.9% | 61.8% | — | 79.4% | 2025 | 29.7% | 2024 |
| Effective Tax Rate (2025) | 1.7300% | 1.7300% | — | 1.7300% | 2025 | 1.7300% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$14,789 | $13,402 | ~$20,863 | $14,789 | 2025 | $11,986 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$1,111,136 | ~$745,241 | ~2.4429% | ~$18,205 | +30.2% |
| 2027 | ~$1,446,387 | ~$819,765 | ~2.3743% | ~$19,464 | +69.4% |
| 2028 | ~$1,882,790 | ~$901,742 | ~2.3058% | ~$20,792 | +120.6% |
| 2029 | ~$2,450,865 | ~$991,916 | ~2.2372% | ~$22,191 | +187.1% |
| 2030 | ~$3,190,338 | ~$1,091,108 | ~2.1687% | ~$23,662 | +273.8% |
| 2026 | ~$1,094,064 | ~$745,241 | ~2.5114% | ~$18,716 | +28.2% |
| 2027 | ~$1,402,283 | ~$819,765 | ~2.5114% | ~$20,588 | +64.3% |
| 2028 | ~$1,797,334 | ~$901,742 | ~2.5114% | ~$22,647 | +110.6% |
| 2029 | ~$2,303,678 | ~$991,916 | ~2.5114% | ~$24,911 | +169.9% |
| 2030 | ~$2,952,668 | ~$1,091,108 | ~2.5114% | ~$27,403 | +245.9% |
| 2026 | ~$1,128,208 | ~$745,241 | ~2.4086% | ~$17,950 | +32.2% |
| 2027 | ~$1,491,174 | ~$819,765 | ~2.3058% | ~$18,902 | +74.7% |
| 2028 | ~$1,970,914 | ~$901,742 | ~2.2029% | ~$19,865 | +130.9% |
| 2029 | ~$2,604,995 | ~$991,916 | ~2.1001% | ~$20,831 | +205.2% |
| 2030 | ~$3,443,073 | ~$1,091,108 | ~1.9973% | ~$21,792 | +303.4% |
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.