503 FOREST CT, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $152,136 and $227,759, with a best estimate of $194,112. That places the property below 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
$194,112
$154,504
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 $152,136 and $227,759. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$13,595 for 81 sqft more living space and +$26,028 for having a garage. Net adjustment: +$39,623.
Adjusted -$5,203 for 31 sqft less living space. Net adjustment: -$5,203.
Adjusted +$4,867 for 29 sqft more living space and +$26,028 for having a garage. Net adjustment: +$30,895.
Adjusted +$14,434 for 86 sqft more living space and -$11,383 for being older. Net adjustment: +$3,051.
Adjusted -$78,382 for 467 sqft less living space and -$11,383 for being older. Net adjustment: -$89,765.
The Neighborhood
This home is valued 36.1% below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
below averageThis home is -36.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,213 across all districts. With a homestead exemption claimed, that drops to $1,695 — saving $1,518 per year. That's $141 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% | $1,644 |
| Taylor | City | 0.5850% | $904 |
| Williamson County | County | 0.3694% | $571 |
| Williamson County FM/Rd | County | 0.0443% | $68 |
| Lower Brushy Creek WCID | Water | 0.0169% | $26 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $3,213 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $194,112 would pay approximately $1,212 per month (principal and interest only, excluding taxes and insurance).