224 SPENCE LN, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $853,201 and $1,208,263, with a best estimate of $979,230. 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
$979,230
$799,076
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 $853,201 and $1,208,263 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$117,553 for 435 sqft less living space and -$13,907 for being older. Net adjustment: -$131,460.
Adjusted +$30,266 for 112 sqft more living space and +$13,907 for being newer. Net adjustment: +$44,173.
Adjusted -$29,726 for 110 sqft less living space and -$13,907 for being older. Net adjustment: -$43,633.
Adjusted -$8,377 for 31 sqft less living space and +$111,253 for being newer. Net adjustment: +$102,876.
Adjusted -$111,067 for 411 sqft less living space and +$13,907 for being newer. Net adjustment: -$97,160.
The Neighborhood
This home is valued 11.3% below the I122617A - Hidden Oak Estates/River oaks median of $900,978. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 1.1% over the past year.
I122617A - Hidden Oak Estates/River oaks
typicalThis home is -11.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $17,237 across all districts. With a homestead exemption claimed, that drops to $15,355 — saving $1,882 per year. That's $1,280 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% | $9,900 |
| North San Gabriel MUD #2 | MUD | 0.4300% | $3,436 |
| Williamson County | County | 0.3694% | $2,952 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $595 |
| Williamson County FM/Rd | County | 0.0443% | $354 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.1572% | $17,237 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $979,230 would pay approximately $6,112 per month (principal and interest only, excluding taxes and insurance).