500 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $233,400 and $346,323, with a best estimate of $305,783. That places the property above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$305,783
$309,984
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $233,400 and $346,323. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$83,753 for 499 sqft more living space and -$9,107 for being older. Net adjustment: +$74,646.
Adjusted -$103,558 for 617 sqft less living space. Net adjustment: -$103,558.
Adjusted +$99,362 for 592 sqft more living space and -$6,830 for being older. Net adjustment: +$92,532.
Adjusted +$26,687 for 159 sqft more living space. Net adjustment: +$26,687.
Adjusted +$60,926 for 363 sqft more living space and -$11,383 for being older. Net adjustment: +$49,543.
The Neighborhood
This home is valued 28.1% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
above averageThis home is +28.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,446 across all districts. With a homestead exemption claimed, that drops to $4,900 — saving $1,546 per year. That's $408 per month a buyer should budget. The assessed value increased roughly in line with the neighborhood, so a tax protest is unlikely to yield significant savings.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $3,298 |
| Taylor | City | 0.5850% | $1,813 |
| Williamson County | County | 0.3694% | $1,145 |
| Williamson County FM/Rd | County | 0.0443% | $137 |
| Lower Brushy Creek WCID | Water | 0.0169% | $53 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $6,446 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $305,783 would pay approximately $1,909 per month (principal and interest only, excluding taxes and insurance).