505 SUMMIT PARK LN, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $770,833 and $873,237, with a best estimate of $844,822. That places the property above the I425518B - ESTATES AT SANTA RITA RANCH median of $844,397, in a neighborhood that declined 0.5% over the past year.
Estimated Value Range
$844,822
$938,462
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $770,833 and $873,237. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$87,327 for 332 sqft more living space. Net adjustment: +$87,327.
Adjusted +$83,119 for 316 sqft more living space. Net adjustment: +$83,119.
Adjusted -$37,088 for 141 sqft less living space. Net adjustment: -$37,088.
Adjusted +$92,325 for 351 sqft more living space. Net adjustment: +$92,325.
Adjusted +$89,694 for 341 sqft more living space. Net adjustment: +$89,694.
The Neighborhood
This home is valued 11.1% above the I425518B - ESTATES AT SANTA RITA RANCH median of $844,397. With 49 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 0.5% over the past year.
I425518B - ESTATES AT SANTA RITA RANCH
typicalThis home is +11.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $20,806 across all districts. With a homestead exemption claimed, that drops to $18,899 — saving $1,907 per year. That's $1,575 per month a buyer should budget. The assessed value increased +7.0% vs the subdivision average of -0.5%. This above-average increase gives a protest opportunity score of 58 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $11,627 |
| Williamson County MUD #19 | MUD | 0.4899% | $4,598 |
| Williamson County | County | 0.3694% | $3,467 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $699 |
| Williamson County FM/Rd | County | 0.0443% | $416 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.2171% | $20,806 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $844,822 would pay approximately $5,273 per month (principal and interest only, excluding taxes and insurance).