5500 CR 245, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $102,365 and $700,750, with a best estimate of $498,121. That places the property below the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796, in a neighborhood that declined 8.6% over the past year.
Estimated Value Range
$498,121
$41,415
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in F001D30F - FLORENCE / BURNET ISD RURAL, this home's estimated market value is between $102,365 and $700,750. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$57,446 for 194 sqft less living space and -$1,595 for being older. Net adjustment: -$59,041.
Adjusted -$184,773 for 624 sqft less living space and +$1,063 for being newer. Net adjustment: -$183,710.
Adjusted +$56,853 for 192 sqft more living space and +$15,419 for being newer. Net adjustment: +$72,272.
Adjusted -$25,466 for 86 sqft less living space and -$20,204 for being older. Net adjustment: -$45,670.
Adjusted +$197,802 for 668 sqft more living space and -$7,444 for being older. Net adjustment: +$190,358.
The Neighborhood
This home is valued 91.9% below the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.6% over the past year.
F001D30F - FLORENCE / BURNET ISD RURAL
outlier lowThis home is -91.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $634 across all districts. With a homestead exemption claimed, that drops to $194 — saving $440 per year. That's $16 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 |
|---|---|---|---|
| Florence ISD | School | 1.0182% | $422 |
| Williamson County | County | 0.3694% | $153 |
| Williamson County ESD #7 - Florence | ESD | 0.1000% | $41 |
| Williamson County FM/Rd | County | 0.0443% | $18 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5320% | $634 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $498,121 would pay approximately $3,109 per month (principal and interest only, excluding taxes and insurance).