303 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $220,003 and $273,187, with a best estimate of $245,944. That places the property above 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
$245,944
$234,250
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 $220,003 and $273,187. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$1,511 for 9 sqft more living space. Net adjustment: +$1,511.
Adjusted +$14,938 for 89 sqft more living space and -$31,873 for being older. Net adjustment: -$16,935.
Adjusted +$17,120 for 102 sqft more living space and +$2,277 for being newer. Net adjustment: +$19,397.
Adjusted -$55,556 for 331 sqft less living space and +$9,107 for being newer. Net adjustment: -$46,449.
Adjusted -$21,316 for 127 sqft less living space and -$2,277 for being older. Net adjustment: -$23,593.
The Neighborhood
This home is valued 3.2% 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
typicalThis home is -3.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,871 across all districts. With a homestead exemption claimed, that drops to $3,339 — saving $1,532 per year. That's $278 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% | $2,492 |
| Taylor | City | 0.5850% | $1,370 |
| Williamson County | County | 0.3694% | $865 |
| Williamson County FM/Rd | County | 0.0443% | $104 |
| Lower Brushy Creek WCID | Water | 0.0169% | $40 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,871 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $245,944 would pay approximately $1,535 per month (principal and interest only, excluding taxes and insurance).