1305 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $460,164 and $633,750, with a best estimate of $486,583. That places the property below the G172613B - WATER OAK NORTH median of $501,966, in a neighborhood that declined 3.7% over the past year.
Estimated Value Range
$486,583
$487,907
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G172613B - WATER OAK NORTH, this home's estimated market value is between $460,164 and $633,750. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$14,905 for 70 sqft less living space and -$5,426 for being older. Net adjustment: -$20,331.
Adjusted -$54,298 for 255 sqft less living space. Net adjustment: -$54,298.
Adjusted -$23,423 for 110 sqft less living space. Net adjustment: -$23,423.
Adjusted +$18,099 for 85 sqft more living space and +$5,426 for being newer. Net adjustment: +$23,525.
Adjusted +$41,735 for 196 sqft more living space. Net adjustment: +$41,735.
The Neighborhood
This home is valued 2.8% below the G172613B - WATER OAK NORTH median of $501,966. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is -2.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $12,079 across all districts. With a homestead exemption claimed, that drops to $10,518 — saving $1,561 per year. That's $877 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% | $5,126 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,489 |
| Williamson County | County | 0.3694% | $1,803 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $445 |
| Williamson County FM/Rd | County | 0.0443% | $216 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $12,079 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $486,583 would pay approximately $3,037 per month (principal and interest only, excluding taxes and insurance).