303 VELMA DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $197,885 and $293,775, with a best estimate of $286,887. 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
$286,887
$245,860
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 $197,885 and $293,775. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$67,808 for 404 sqft more living space and -$2,277 for being older. Net adjustment: +$65,531.
Adjusted +$66,297 for 395 sqft more living space. Net adjustment: +$66,297.
Adjusted +$51,863 for 309 sqft more living space. Net adjustment: +$51,863.
Adjusted +$73,179 for 436 sqft more living space and -$2,277 for being older. Net adjustment: +$70,902.
Adjusted -$56,227 for 335 sqft less living space and -$2,277 for being older. Net adjustment: -$58,504.
The Neighborhood
This home is valued 1.6% 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
typicalThis home is +1.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $5,113 across all districts. With a homestead exemption claimed, that drops to $3,578 — saving $1,535 per year. That's $298 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% | $2,615 |
| Taylor | City | 0.5850% | $1,438 |
| Williamson County | County | 0.3694% | $908 |
| Williamson County FM/Rd | County | 0.0443% | $109 |
| Lower Brushy Creek WCID | Water | 0.0169% | $42 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $5,113 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $286,887 would pay approximately $1,791 per month (principal and interest only, excluding taxes and insurance).