505 MEADOW PARK DR, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $98,614 and $322,840, with a best estimate of $275,796. That places the property below the G542404I - MEADOWS OF GEORGETOWN median of $315,093, in a neighborhood that declined 7.1% over the past year.
Estimated Value Range
$275,796
$308,745
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G542404I - MEADOWS OF GEORGETOWN, this home's estimated market value is between $98,614 and $322,840. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$178,210 for 538 sqft less living space and -$4,259 for being older. Net adjustment: -$182,469.
Adjusted -$175,229 for 529 sqft less living space and -$8,518 for being older. Net adjustment: -$183,747.
Adjusted +$14,906 for 45 sqft more living space and -$8,518 for being older. Net adjustment: +$6,388.
Adjusted -$74,530 for 225 sqft less living space and -$4,259 for being older. Net adjustment: -$78,789.
Adjusted +$14,906 for 45 sqft more living space and -$8,518 for being older. Net adjustment: +$6,388.
The Neighborhood
This home is valued 2.0% below the G542404I - MEADOWS OF GEORGETOWN median of $315,093. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 7.1% over the past year.
G542404I - MEADOWS OF GEORGETOWN
typicalThis home is -2.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,611 across all districts. With a homestead exemption claimed, that drops to $4,029 — saving $1,582 per year. That's $336 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 |
|---|---|---|---|
| Georgetown ISD | School | 1.0506% | $3,244 |
| Williamson County | County | 0.3694% | $1,141 |
| Georgetown | City | 0.3530% | $1,090 |
| Williamson County FM/Rd | County | 0.0443% | $137 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $5,611 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $275,796 would pay approximately $1,722 per month (principal and interest only, excluding taxes and insurance).