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401 PHILLIP LN, LIBERTY HILL, TX 78642

LIBERTY HILL, 78642 — williamson County

3 bed2 bath8,030 sqftBuilt 1970

Property at a Glance

This home is estimated between $2,203,167 and $2,476,656, with a best estimate of $2,355,484. 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

$2,203,167 $2,476,656
Best Estimate
$2,355,484
WCAD Value
$1,014,832
Low Confidence

Based on 5 comparable properties(0 in the same subdivision)

There are 5 comparable properties within range, but none are in I030D80G - NORTH HWY 29. The estimated range of $2,203,167 and $2,476,656 should be treated as a rough guide.

Comparable Properties (5)

3 bed 2 bath 2,531 sqft Built 1975
Raw Value $567,896
Adjusted Value $2,203,167

Adjusted +$1,650,697 for 5,499 sqft more living space and -$15,426 for being older. Net adjustment: +$1,635,271.

3 bed 2 bath 2,340 sqft Built 1978
Raw Value $762,070
Adjusted Value $2,445,421

Adjusted +$1,708,032 for 5,690 sqft more living space and -$24,681 for being older. Net adjustment: +$1,683,351.

3 bed 2 bath 3,138 sqft Built 1999
Raw Value $886,193
Adjusted Value $2,265,212

Adjusted +$1,468,487 for 4,892 sqft more living space and -$89,468 for being older. Net adjustment: +$1,379,019.

3 bed 2 bath 2,354 sqft Built 2000
Raw Value $744,208
Adjusted Value $2,355,484

Adjusted +$1,703,829 for 5,676 sqft more living space and -$92,553 for being older. Net adjustment: +$1,611,276.

3 bed 3 bath 2,238 sqft Built 1987
Raw Value $790,453
Adjusted Value $2,476,656

Adjusted +$1,738,650 for 5,792 sqft more living space and -$52,447 for being older. Net adjustment: +$1,686,203.

The Neighborhood

This home is valued 70.6% 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

outlier high
1,319 Properties
$594,861 Median Value
+3.1% YoY Change
3% Have Pool
42% Have Garage
This Home
$1,014,832
Median
$594,861

This home is +70.6% above the subdivision median.

Tax Analysis

The estimated annual property tax is $14,503 across all districts. With a homestead exemption claimed, that drops to $12,613 — saving $1,890 per year. That's $1,051 per month a buyer should budget. The assessed value increased +23.6% vs the subdivision average of +3.1%. This above-average increase gives a protest opportunity score of 100 out of 100 — it may be worth challenging the appraisal.

Tax Districts

DistrictTypeRateAnnual Amount
Liberty Hill ISDSchool1.2389%$10,403
Williamson CountyCounty0.3694%$3,102
Williamson County ESD #4 - Liberty HillESD0.0745%$626
Williamson County FM/RdCounty0.0443%$372
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax1.7272%$14,503
100 / 100

There may be a strong case to protest this appraisal.

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $2,355,484 would pay approximately $14,703 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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