302 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $171,678 and $284,601, with a best estimate of $257,357. That places the property above 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
$257,357
$232,768
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 $171,678 and $284,601. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$12,924 for 77 sqft more living space. Net adjustment: +$12,924.
Adjusted -$174,387 for 1,039 sqft less living space and +$9,107 for being newer. Net adjustment: -$165,280.
Adjusted +$26,351 for 157 sqft more living space and -$31,873 for being older. Net adjustment: -$5,522.
Adjusted +$28,533 for 170 sqft more living space and +$2,277 for being newer. Net adjustment: +$30,810.
Adjusted -$44,142 for 263 sqft less living space and +$9,107 for being newer. Net adjustment: -$35,035.
The Neighborhood
This home is valued 3.8% 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 -3.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,840 across all districts. With a homestead exemption claimed, that drops to $3,308 — saving $1,532 per year. That's $276 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% | $2,476 |
| Taylor | City | 0.5850% | $1,362 |
| Williamson County | County | 0.3694% | $860 |
| Williamson County FM/Rd | County | 0.0443% | $103 |
| Lower Brushy Creek WCID | Water | 0.0169% | $39 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,840 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $257,357 would pay approximately $1,606 per month (principal and interest only, excluding taxes and insurance).