303 N RAINBOW BRIDGE DR, CEDAR PARK, TX 78613
CEDAR PARK, 78613 — williamson County
Property at a Glance
This home is estimated between $281,897 and $490,068, with a best estimate of $466,156. That places the property above the L375482H - Park Place Sec 1 & 2 median of $372,368, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$466,156
$457,261
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 $281,897 and $490,068. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$2,409 for 10 sqft more living space and -$3,461 for being older. Net adjustment: -$1,052.
Adjusted -$1,445 for 6 sqft less living space and -$6,922 for being older and -$13,976 for no pool. Net adjustment: -$22,343.
Adjusted -$4,095 for 17 sqft less living space and -$6,922 for being older. Net adjustment: -$11,017.
Adjusted -$51,310 for 213 sqft less living space and +$24,228 for being newer. Net adjustment: -$27,082.
Adjusted +$23,848 for 99 sqft more living space. Net adjustment: +$23,848.
The Neighborhood
This home is valued 22.8% above the L375482H - Park Place Sec 1 & 2 median of $372,368. With 373 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 1.7% over the past year.
L375482H - Park Place Sec 1 & 2
above averageThis home is +22.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $9,059 across all districts. With a homestead exemption claimed, that drops to $7,435 — saving $1,624 per year. That's $620 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 |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $4,970 |
| Williamson County | County | 0.3694% | $1,689 |
| Cedar Park | City | 0.3600% | $1,646 |
| Austin Community College | special | 0.1034% | $473 |
| Williamson County FM/Rd | County | 0.0443% | $203 |
| Upper Brushy Creek WCID | Water | 0.0170% | $78 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9811% | $9,059 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $466,156 would pay approximately $2,910 per month (principal and interest only, excluding taxes and insurance).