408 MARTIN LUTHER KING ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $346,018 and $756,731, with a best estimate of $557,397. That places the property above the G619T68H - Central Georgetown median of $459,857, in a neighborhood that declined 0.2% over the past year.
Estimated Value Range
$557,397
$616,008
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $346,018 and $756,731. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$91,516 for 295 sqft less living space and +$22,800 for being newer. Net adjustment: -$68,716.
Adjusted -$57,081 for 184 sqft less living space and +$17,733 for being newer. Net adjustment: -$39,348.
Adjusted +$26,679 for 86 sqft more living space and -$10,133 for being older. Net adjustment: +$16,546.
Adjusted -$109,509 for 353 sqft less living space and +$200,133 for being newer. Net adjustment: +$90,624.
Adjusted +$15,511 for 50 sqft more living space and -$5,067 for being older. Net adjustment: +$10,444.
The Neighborhood
This home is valued 34.0% above the G619T68H - Central Georgetown median of $459,857. With 817 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 0.2% over the past year.
G619T68H - Central Georgetown
above averageThis home is +34.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,195 across all districts. With a homestead exemption claimed, that drops to $9,502 — saving $1,693 per year. That's $792 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 |
|---|---|---|---|
| Georgetown ISD | School | 1.0506% | $6,472 |
| Williamson County | County | 0.3694% | $2,276 |
| Georgetown | City | 0.3530% | $2,175 |
| Williamson County FM/Rd | County | 0.0443% | $273 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $11,195 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $557,397 would pay approximately $3,479 per month (principal and interest only, excluding taxes and insurance).