508 E LAKE DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $312,659 and $649,054, with a best estimate of $430,409. That places the property above the T541 - H1 & H2 median of $191,238, in a neighborhood that declined 12.0% over the past year.
Estimated Value Range
$430,409
$363,613
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $312,659 and $649,054. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$9,564 for 61 sqft more living space and -$1,075 for being older. Net adjustment: +$8,489.
Adjusted +$30,261 for 193 sqft more living space. Net adjustment: +$30,261.
Adjusted -$5,801 for 37 sqft less living space and +$3,070 for being newer. Net adjustment: -$2,731.
Adjusted +$61,306 for 391 sqft more living space and -$768 for being older. Net adjustment: +$60,538.
Adjusted +$74,477 for 475 sqft more living space and -$1,535 for being older. Net adjustment: +$72,942.
The Neighborhood
This home is valued 90.1% above the T541 - H1 & H2 median of $191,238. With 634 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 12.0% over the past year.
T541 - H1 & H2
outlier highThis home is +90.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,964 across all districts. With a homestead exemption claimed, that drops to $5,413 — saving $1,551 per year. That's $451 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 |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $3,563 |
| Taylor | City | 0.5850% | $1,959 |
| Williamson County | County | 0.3694% | $1,237 |
| Williamson County FM/Rd | County | 0.0443% | $148 |
| Lower Brushy Creek WCID | Water | 0.0169% | $57 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $6,964 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $430,409 would pay approximately $2,687 per month (principal and interest only, excluding taxes and insurance).