1516 LAKE DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $369,074 and $500,260, with a best estimate of $438,323. That places the property above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$438,323
$402,415
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $369,074 and $500,260. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$80,732 for 481 sqft more living space and +$4,553 for being newer. Net adjustment: +$85,285.
Adjusted -$20,812 for 124 sqft less living space and +$27,320 for being newer. Net adjustment: +$6,508.
Adjusted +$101,712 for 606 sqft more living space and -$25,043 for being older. Net adjustment: +$76,669.
Adjusted +$69,486 for 414 sqft more living space and -$36,426 for being older and +$26,028 for having a garage. Net adjustment: +$59,088.
Adjusted +$199,731 for 1,190 sqft more living space and -$27,320 for being older. Net adjustment: +$172,411.
The Neighborhood
This home is valued 66.4% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
outlier highThis home is +66.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,368 across all districts. With a homestead exemption claimed, that drops to $6,805 — saving $1,563 per year. That's $567 per month a buyer should budget. The assessed value increased -1.4% vs the subdivision average of -11.4%. This above-average increase gives a protest opportunity score of 50 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $4,281 |
| Taylor | City | 0.5850% | $2,354 |
| Williamson County | County | 0.3694% | $1,487 |
| Williamson County FM/Rd | County | 0.0443% | $178 |
| Lower Brushy Creek WCID | Water | 0.0169% | $68 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $8,368 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $438,323 would pay approximately $2,736 per month (principal and interest only, excluding taxes and insurance).