1228 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $512,793 and $692,260, with a best estimate of $529,847. That places the property above the G172613B - WATER OAK NORTH median of $501,966, in a neighborhood that declined 3.7% over the past year.
Estimated Value Range
$529,847
$498,134
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G172613B - WATER OAK NORTH, this home's estimated market value is between $512,793 and $692,260. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$19,164 for 90 sqft more living space and +$5,426 for being newer. Net adjustment: +$24,590.
Adjusted +$39,180 for 184 sqft more living space and +$5,426 for being newer. Net adjustment: +$44,606.
Adjusted +$11,498 for 54 sqft more living space and +$5,426 for being newer. Net adjustment: +$16,924.
Adjusted +$125,418 for 589 sqft more living space and +$21,705 for being newer. Net adjustment: +$147,123.
Adjusted -$5,962 for 28 sqft less living space and +$21,705 for being newer. Net adjustment: +$15,743.
The Neighborhood
This home is in line with the G172613B - WATER OAK NORTH median of $501,966. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is -0.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $12,332 across all districts. With a homestead exemption claimed, that drops to $10,769 — saving $1,563 per year. That's $897 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% | $5,233 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,583 |
| Williamson County | County | 0.3694% | $1,840 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $454 |
| Williamson County FM/Rd | County | 0.0443% | $221 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $12,332 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $529,847 would pay approximately $3,307 per month (principal and interest only, excluding taxes and insurance).