502 LIBERTY DR, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $228,283 and $2,387,813, with a best estimate of $630,317. 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
$630,317
$705,585
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $228,283 and $2,387,813. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$89,154 for 297 sqft more living space and -$3,085 for being older. Net adjustment: +$86,069.
Adjusted +$4,203 for 14 sqft more living space and -$55,532 for being older. Net adjustment: -$51,329.
Adjusted +$73,244 for 244 sqft more living space and -$120,319 for being older. Net adjustment: -$47,075.
Adjusted +$182,510 for 608 sqft more living space and -$95,639 for being older. Net adjustment: +$86,871.
Adjusted -$88,854 for 296 sqft less living space and -$80,213 for being older. Net adjustment: -$169,067.
The Neighborhood
This home is valued 18.6% 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 +18.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $12,187 across all districts. With a homestead exemption claimed, that drops to $10,322 — saving $1,865 per year. That's $860 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% | $8,741 |
| Williamson County | County | 0.3694% | $2,607 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $526 |
| Williamson County FM/Rd | County | 0.0443% | $313 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7272% | $12,187 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $630,317 would pay approximately $3,934 per month (principal and interest only, excluding taxes and insurance).