501 COUNTY ROAD 224, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $250,658 and $663,138, with a best estimate of $328,822. That places the property below the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796, in a neighborhood that declined 8.6% over the past year.
Estimated Value Range
$328,822
$716,978
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $250,658 and $663,138. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$57,149 for 193 sqft more living space and +$9,570 for being newer. Net adjustment: +$66,719.
Adjusted -$152,201 for 514 sqft less living space and +$12,229 for being newer. Net adjustment: -$139,972.
Adjusted +$9,476 for 32 sqft more living space and +$22,863 for being newer. Net adjustment: +$32,339.
Adjusted +$190,103 for 642 sqft more living space and -$1,063 for being older. Net adjustment: +$189,040.
Adjusted -$140,949 for 476 sqft less living space and +$19,141 for being newer. Net adjustment: -$121,808.
The Neighborhood
This home is valued 40.1% above the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796. With 2,087 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 8.6% over the past year.
F001D30F - FLORENCE / BURNET ISD RURAL
above averageThis home is +40.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,984 across all districts. With a homestead exemption claimed, that drops to $9,426 — saving $1,558 per year. That's $786 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 |
|---|---|---|---|
| Florence ISD | School | 1.0182% | $7,300 |
| Williamson County | County | 0.3694% | $2,649 |
| Williamson County ESD #7 - Florence | ESD | 0.1000% | $717 |
| Williamson County FM/Rd | County | 0.0443% | $318 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5320% | $10,984 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $328,822 would pay approximately $2,052 per month (principal and interest only, excluding taxes and insurance).