6116 LAKE TERAVISTA WAY, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $310,452 and $513,615, with a best estimate of $442,993. That places the property below the G571617B - Teravista Sec 40 median of $505,314, in a neighborhood that declined 8.5% over the past year.
Estimated Value Range
$442,993
$486,375
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G571617B - Teravista Sec 40, this home's estimated market value is between $310,452 and $513,615. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$57,475 for 261 sqft less living space. Net adjustment: -$57,475.
Adjusted -$44,703 for 203 sqft less living space and -$12,321 for being older. Net adjustment: -$57,024.
Adjusted -$224,395 for 1,019 sqft less living space and +$12,321 for being newer. Net adjustment: -$212,074.
Adjusted +$7,928 for 36 sqft more living space. Net adjustment: +$7,928.
Adjusted -$178,151 for 809 sqft less living space and +$12,321 for being newer. Net adjustment: -$165,830.
The Neighborhood
This home is valued 3.7% below the G571617B - Teravista Sec 40 median of $505,314. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.5% over the past year.
G571617B - Teravista Sec 40
typicalThis home is -3.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,913 across all districts. With a homestead exemption claimed, that drops to $8,352 — saving $1,561 per year. That's $696 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% | $5,110 |
| Williamson County MUD #15 | MUD | 0.4825% | $2,347 |
| Williamson County | County | 0.3694% | $1,797 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $444 |
| Williamson County FM/Rd | County | 0.0443% | $216 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0381% | $9,913 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $442,993 would pay approximately $2,765 per month (principal and interest only, excluding taxes and insurance).