505 LIBERTY DR, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $333,062 and $2,314,201, with a best estimate of $556,704. That places the property below the I030D80G - NORTH HWY 29 median of $594,861, in a neighborhood that appreciated 3.1% over the past year.
Estimated Value Range
$556,704
$639,083
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 $333,062 and $2,314,201. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$15,309 for 51 sqft less living space and +$27,766 for being newer. Net adjustment: +$12,457.
Adjusted +$78,047 for 260 sqft more living space and -$64,787 for being older. Net adjustment: +$13,260.
Adjusted -$100,261 for 334 sqft less living space and -$24,681 for being older. Net adjustment: -$124,942.
Adjusted -$31,219 for 104 sqft less living space and -$89,468 for being older. Net adjustment: -$120,687.
Adjusted +$2,401 for 8 sqft more living space and -$77,128 for being older. Net adjustment: -$74,727.
The Neighborhood
This home is valued 7.4% above the I030D80G - NORTH HWY 29 median of $594,861. With 1,319 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 3.1% over the past year.
I030D80G - NORTH HWY 29
typicalThis home is +7.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,038 across all districts. With a homestead exemption claimed, that drops to $9,186 — saving $1,852 per year. That's $766 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 |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $7,918 |
| Williamson County | County | 0.3694% | $2,361 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $476 |
| Williamson County FM/Rd | County | 0.0443% | $283 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7272% | $11,038 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $556,704 would pay approximately $3,475 per month (principal and interest only, excluding taxes and insurance).