305 VELMA DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $146,022 and $241,912, with a best estimate of $238,493. 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
$238,493
$228,669
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 $146,022 and $241,912. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$15,945 for 95 sqft more living space and -$2,277 for being older. Net adjustment: +$13,668.
Adjusted +$14,434 for 86 sqft more living space. Net adjustment: +$14,434.
Adjusted +$21,316 for 127 sqft more living space and -$2,277 for being older. Net adjustment: +$19,039.
Adjusted -$108,090 for 644 sqft less living space and -$2,277 for being older. Net adjustment: -$110,367.
Adjusted +$19,805 for 118 sqft more living space and -$2,277 for being older. Net adjustment: +$17,528.
The Neighborhood
This home is valued 5.5% below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is -5.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,755 across all districts. With a homestead exemption claimed, that drops to $3,224 — saving $1,531 per year. That's $269 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% | $2,433 |
| Taylor | City | 0.5850% | $1,338 |
| Williamson County | County | 0.3694% | $845 |
| Williamson County FM/Rd | County | 0.0443% | $101 |
| Lower Brushy Creek WCID | Water | 0.0169% | $39 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,755 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $238,493 would pay approximately $1,489 per month (principal and interest only, excluding taxes and insurance).