228 SPENCE LN, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $940,170 and $1,148,645, with a best estimate of $999,178. That places the property above the I122617A - Hidden Oak Estates/River oaks median of $900,978, in a neighborhood that declined 1.1% over the past year.
Estimated Value Range
$999,178
$919,075
Based on 5 comparable properties(1 in the same subdivision)
There are 5 comparable properties within range, but few are in I122617A - Hidden Oak Estates/River oaks. The estimated range of $940,170 and $1,148,645 should be treated as a rough guide.
Comparable Properties (5)
Adjusted +$26,213 for 97 sqft more living space and -$27,813 for being older. Net adjustment: -$1,600.
Adjusted -$55,128 for 204 sqft less living space. Net adjustment: -$55,128.
Adjusted +$158,358 for 586 sqft more living space. Net adjustment: +$158,358.
Adjusted -$13,242 for 49 sqft less living space and +$27,813 for being newer. Net adjustment: +$14,571.
Adjusted +$195,381 for 723 sqft more living space and -$41,720 for being older. Net adjustment: +$153,661.
The Neighborhood
This home is valued 2.0% above the I122617A - Hidden Oak Estates/River oaks median of $900,978. With 202 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 1.1% over the past year.
I122617A - Hidden Oak Estates/River oaks
typicalThis home is +2.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $19,826 across all districts. With a homestead exemption claimed, that drops to $17,922 — saving $1,904 per year. That's $1,494 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% | $11,386 |
| North San Gabriel MUD #2 | MUD | 0.4300% | $3,952 |
| Williamson County | County | 0.3694% | $3,395 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $685 |
| Williamson County FM/Rd | County | 0.0443% | $407 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.1572% | $19,826 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $999,178 would pay approximately $6,237 per month (principal and interest only, excluding taxes and insurance).