505 E 8TH ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $310,757 and $452,696, with a best estimate of $398,384. That places the property below the G652H - Old Town Gtown Class H1 & H2 median of $409,550, in a neighborhood that declined 18.5% over the past year.
Estimated Value Range
$398,384
$370,575
Based on 5 comparable properties(2 in the same subdivision)
There are 5 comparable properties within range, but few are in G652H - Old Town Gtown Class H1 & H2. The estimated range of $310,757 and $452,696 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$3,606 for 11 sqft less living space and +$17,870 for being newer and -$114,024 for no pool. Net adjustment: -$99,760.
Adjusted +$92,114 for 281 sqft more living space and +$11,318 for being newer. Net adjustment: +$103,432.
Adjusted +$34,748 for 106 sqft more living space and +$41,697 for being newer and -$93,832 for no garage. Net adjustment: -$17,387.
Adjusted -$42,287 for 129 sqft less living space and +$38,718 for being newer and -$93,832 for no garage. Net adjustment: -$97,401.
Adjusted +$16,718 for 51 sqft more living space and +$35,740 for being newer. Net adjustment: +$52,458.
The Neighborhood
This home is valued 9.5% below the G652H - Old Town Gtown Class H1 & H2 median of $409,550. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 18.5% over the past year.
G652H - Old Town Gtown Class H1 & H2
typicalThis home is -9.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,735 across all districts. With a homestead exemption claimed, that drops to $5,130 — saving $1,605 per year. That's $428 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% | $3,893 |
| Williamson County | County | 0.3694% | $1,369 |
| Georgetown | City | 0.3530% | $1,308 |
| Williamson County FM/Rd | County | 0.0443% | $164 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $6,735 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $398,384 would pay approximately $2,487 per month (principal and interest only, excluding taxes and insurance).