505 OAK LN, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $760,423 and $892,655, with a best estimate of $806,457. That places the property above the I030D80G - NORTH HWY 29 median of $594,861, in a neighborhood that appreciated 3.1% over the past year.
Estimated Value Range
$806,457
$749,459
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in I030D80G - NORTH HWY 29, this home's estimated market value is between $760,423 and $892,655. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$217,631 for 725 sqft more living space and +$15,426 for being newer. Net adjustment: +$233,057.
Adjusted +$156,995 for 523 sqft more living space and -$33,936 for being older. Net adjustment: +$123,059.
Adjusted +$193,617 for 645 sqft more living space and -$21,596 for being older. Net adjustment: +$172,021.
Adjusted +$253,353 for 844 sqft more living space and +$30,851 for being newer. Net adjustment: +$284,204.
Adjusted +$334,102 for 1,113 sqft more living space and -$6,170 for being older. Net adjustment: +$327,932.
The Neighborhood
This home is valued 26.0% above the I030D80G - NORTH HWY 29 median of $594,861. With 1,319 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 3.1% over the past year.
I030D80G - NORTH HWY 29
above averageThis home is +26.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $12,944 across all districts. With a homestead exemption claimed, that drops to $11,072 — saving $1,872 per year. That's $923 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 |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $9,285 |
| Williamson County | County | 0.3694% | $2,769 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $558 |
| Williamson County FM/Rd | County | 0.0443% | $332 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7272% | $12,944 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $806,457 would pay approximately $5,034 per month (principal and interest only, excluding taxes and insurance).