705 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $195,564 and $239,006, with a best estimate of $205,833. That places the property below the T520255I - NORTH POINT - SMITH - BOHLS ADDITION median of $223,655, in a neighborhood that declined 10.0% over the past year.
Estimated Value Range
$205,833
$206,280
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T520255I - NORTH POINT - SMITH - BOHLS ADDITION, this home's estimated market value is between $195,564 and $239,006. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$26,088 for 158 sqft less living space. Net adjustment: -$26,088.
Adjusted -$7,760 for 47 sqft less living space. Net adjustment: -$7,760.
Adjusted -$11,888 for 72 sqft less living space. Net adjustment: -$11,888.
Adjusted -$16,181 for 98 sqft less living space and +$10,080 for being newer. Net adjustment: -$6,101.
Adjusted -$1,981 for 12 sqft less living space. Net adjustment: -$1,981.
The Neighborhood
This home is valued 7.8% below the T520255I - NORTH POINT - SMITH - BOHLS ADDITION median of $223,655. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 10.0% over the past year.
T520255I - NORTH POINT - SMITH - BOHLS ADDITION
typicalThis home is -7.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,290 across all districts. With a homestead exemption claimed, that drops to $2,762 — saving $1,528 per year. That's $230 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% | $2,194 |
| Taylor | City | 0.5850% | $1,207 |
| Williamson County | County | 0.3694% | $762 |
| Williamson County FM/Rd | County | 0.0443% | $91 |
| Lower Brushy Creek WCID | Water | 0.0169% | $35 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,290 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $205,833 would pay approximately $1,285 per month (principal and interest only, excluding taxes and insurance).