508 MORRIS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $308,708 and $1,030,825, with a best estimate of $500,389. That places the property above the G131481H - Williams Addition 6,7, & 7 AMD median of $304,257, in a neighborhood that appreciated 7.3% over the past year.
Estimated Value Range
$500,389
$404,551
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 $308,708 and $1,030,825. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$46,968 for 209 sqft more living space. Net adjustment: +$46,968.
Adjusted -$15,057 for 67 sqft less living space and -$27,232 for being older. Net adjustment: -$42,289.
Adjusted +$206,972 for 921 sqft more living space. Net adjustment: +$206,972.
Adjusted +$206,972 for 921 sqft more living space. Net adjustment: +$206,972.
Adjusted -$106,745 for 475 sqft less living space and -$29,249 for being older. Net adjustment: -$135,994.
The Neighborhood
This home is valued 33.0% above the G131481H - Williams Addition 6,7, & 7 AMD median of $304,257. With 111 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 7.3% over the past year.
G131481H - Williams Addition 6,7, & 7 AMD
above averageThis home is +33.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,850 across all districts. With a homestead exemption claimed, that drops to $5,243 — saving $1,607 per year. That's $437 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% | $3,960 |
| Williamson County | County | 0.3694% | $1,393 |
| Georgetown | City | 0.3530% | $1,331 |
| Williamson County FM/Rd | County | 0.0443% | $167 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Tax District (T06) | other | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $6,850 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $500,389 would pay approximately $3,123 per month (principal and interest only, excluding taxes and insurance).