12501 RAINBOW CT, AUSTIN, TX 78729
AUSTIN, 78729 — williamson County
Property at a Glance
This home is estimated between $341,043 and $530,027, with a best estimate of $496,349. 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
$496,349
$432,451
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3, this home's estimated market value is between $341,043 and $530,027. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$51,001 for 184 sqft more living space. Net adjustment: +$51,001.
Adjusted +$106,160 for 383 sqft more living space. Net adjustment: +$106,160.
Adjusted +$111,980 for 404 sqft more living space and +$1,162 for being newer. Net adjustment: +$113,142.
Adjusted +$119,187 for 430 sqft more living space and +$1,162 for being newer. Net adjustment: +$120,349.
Adjusted -$71,789 for 259 sqft less living space and +$1,162 for being newer. Net adjustment: -$70,627.
The Neighborhood
This home is valued 10.3% 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 +10.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,605 across all districts. With a homestead exemption claimed, that drops to $5,274 — saving $1,331 per year. That's $440 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% | $3,862 |
| Williamson County | County | 0.3694% | $1,598 |
| Austin Community College | special | 0.1034% | $447 |
| Williamson County ESD #1 - Jollyville VFD | ESD | 0.1000% | $432 |
| Williamson County FM/Rd | County | 0.0443% | $192 |
| Upper Brushy Creek WCID | Water | 0.0170% | $74 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5273% | $6,605 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $496,349 would pay approximately $3,098 per month (principal and interest only, excluding taxes and insurance).