12500 RAINBOW CT, AUSTIN, TX 78729
AUSTIN, 78729 — williamson County
Property at a Glance
This home is estimated between $470,633 and $520,850, with a best estimate of $497,301. That places the property above the R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3 median of $392,077, in a neighborhood that appreciated 1.5% over the past year.
Estimated Value Range
$497,301
$417,673
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3. The estimated range of $470,633 and $520,850 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$13,582 for 49 sqft less living space and -$6,975 for being older. Net adjustment: -$20,557.
Adjusted +$24,946 for 90 sqft more living space and -$6,975 for being older. Net adjustment: +$17,971.
Adjusted +$2,772 for 10 sqft more living space and -$6,975 for being older. Net adjustment: -$4,203.
Adjusted +$36,588 for 132 sqft more living space and -$6,975 for being older. Net adjustment: +$29,613.
Adjusted +$39,637 for 143 sqft more living space and -$8,137 for being older. Net adjustment: +$31,500.
The Neighborhood
This home is valued 6.5% above the R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3 median of $392,077. With 236 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 1.5% over the past year.
R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3
typicalThis home is +6.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,379 across all districts. With a homestead exemption claimed, that drops to $5,052 — saving $1,327 per year. That's $421 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 |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $3,730 |
| Williamson County | County | 0.3694% | $1,543 |
| Austin Community College | special | 0.1034% | $432 |
| Williamson County ESD #1 - Jollyville VFD | ESD | 0.1000% | $418 |
| Williamson County FM/Rd | County | 0.0443% | $185 |
| Upper Brushy Creek WCID | Water | 0.0170% | $71 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5273% | $6,379 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $497,301 would pay approximately $3,104 per month (principal and interest only, excluding taxes and insurance).