1506 LAKE DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $217,625 and $485,020, with a best estimate of $318,012. 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
$318,012
$361,611
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $217,625 and $485,020. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$41,121 for 245 sqft less living space and -$25,043 for being older. Net adjustment: -$66,164.
Adjusted -$20,141 for 120 sqft less living space and -$54,640 for being older. Net adjustment: -$74,781.
Adjusted -$142,665 for 850 sqft less living space and -$2,277 for being older. Net adjustment: -$144,942.
Adjusted -$52,534 for 313 sqft less living space and +$9,107 for being newer. Net adjustment: -$43,427.
Adjusted -$64,787 for 386 sqft less living space and +$31,873 for being newer and +$26,028 for having a garage. Net adjustment: -$6,886.
The Neighborhood
This home is valued 49.5% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
above averageThis home is +49.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,520 across all districts. With a homestead exemption claimed, that drops to $5,964 — saving $1,556 per year. That's $497 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% | $3,847 |
| Taylor | City | 0.5850% | $2,115 |
| Williamson County | County | 0.3694% | $1,336 |
| Williamson County FM/Rd | County | 0.0443% | $160 |
| Lower Brushy Creek WCID | Water | 0.0169% | $61 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $7,520 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $318,012 would pay approximately $1,985 per month (principal and interest only, excluding taxes and insurance).