12502 RAINBOW CT, AUSTIN, TX 78729
AUSTIN, 78729 — williamson County
Property at a Glance
This home is estimated between $220,694 and $409,678, with a best estimate of $323,079. That places the property below 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
$323,079
$376,000
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 $220,694 and $409,678. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$68,186 for 246 sqft less living space and -$1,162 for being older. Net adjustment: -$69,348.
Adjusted -$13,027 for 47 sqft less living space and -$1,162 for being older. Net adjustment: -$14,189.
Adjusted -$7,207 for 26 sqft less living space. Net adjustment: -$7,207.
Adjusted -$119,187 for 430 sqft less living space and -$1,162 for being older. Net adjustment: -$120,349.
Adjusted -$190,976 for 689 sqft less living space. Net adjustment: -$190,976.
The Neighborhood
This home is valued 4.1% below the R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3 median of $392,077. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 1.5% over the past year.
R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3
typicalThis home is -4.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,743 across all districts. With a homestead exemption claimed, that drops to $4,423 — saving $1,320 per year. That's $369 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% | $3,358 |
| Williamson County | County | 0.3694% | $1,389 |
| Austin Community College | special | 0.1034% | $389 |
| Williamson County ESD #1 - Jollyville VFD | ESD | 0.1000% | $376 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Upper Brushy Creek WCID | Water | 0.0170% | $64 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5273% | $5,743 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $323,079 would pay approximately $2,017 per month (principal and interest only, excluding taxes and insurance).