6220 LAKE TERAVISTA WAY, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $331,337 and $557,852, with a best estimate of $387,220. 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
$387,220
$574,269
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 $331,337 and $557,852. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$74,431 for 338 sqft less living space. Net adjustment: -$74,431.
Adjusted -$3,744 for 17 sqft less living space and -$12,321 for being older. Net adjustment: -$16,065.
Adjusted -$41,400 for 188 sqft less living space and -$12,321 for being older. Net adjustment: -$53,721.
Adjusted -$2,422 for 11 sqft less living space. Net adjustment: -$2,422.
Adjusted -$93,370 for 424 sqft less living space and -$12,321 for being older. Net adjustment: -$105,691.
The Neighborhood
This home is valued 13.6% above the G571617B - Teravista Sec 40 median of $505,314. With 540 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 8.5% over the past year.
G571617B - Teravista Sec 40
typicalThis home is +13.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,704 across all districts. With a homestead exemption claimed, that drops to $10,127 — saving $1,577 per year. That's $844 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% | $6,033 |
| Williamson County MUD #15 | MUD | 0.4825% | $2,771 |
| Williamson County | County | 0.3694% | $2,122 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $524 |
| Williamson County FM/Rd | County | 0.0443% | $255 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0381% | $11,704 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $387,220 would pay approximately $2,417 per month (principal and interest only, excluding taxes and insurance).