308 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $210,436 and $263,620, with a best estimate of $236,377. That places the property below 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
$236,377
$253,545
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $210,436 and $263,620. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$8,056 for 48 sqft less living space. Net adjustment: -$8,056.
Adjusted +$5,371 for 32 sqft more living space and -$31,873 for being older. Net adjustment: -$26,502.
Adjusted +$7,553 for 45 sqft more living space and +$2,277 for being newer. Net adjustment: +$9,830.
Adjusted -$65,123 for 388 sqft less living space and +$9,107 for being newer. Net adjustment: -$56,016.
Adjusted -$30,883 for 184 sqft less living space and -$2,277 for being older. Net adjustment: -$33,160.
The Neighborhood
This home is valued 4.8% 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
typicalThis home is +4.8% above the subdivision median.
Tax Analysis
The estimated annual property tax is $5,273 across all districts. With a homestead exemption claimed, that drops to $3,736 — saving $1,537 per year. That's $311 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% | $2,697 |
| Taylor | City | 0.5850% | $1,483 |
| Williamson County | County | 0.3694% | $937 |
| Williamson County FM/Rd | County | 0.0443% | $112 |
| Lower Brushy Creek WCID | Water | 0.0169% | $43 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $5,273 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $236,377 would pay approximately $1,475 per month (principal and interest only, excluding taxes and insurance).