505 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $271,273 and $324,456, with a best estimate of $297,214. 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
$297,214
$272,095
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 $271,273 and $324,456. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$18,630 for 111 sqft more living space and +$34,150 for being newer. Net adjustment: +$52,780.
Adjusted +$32,058 for 191 sqft more living space and +$2,277 for being newer. Net adjustment: +$34,335.
Adjusted +$34,240 for 204 sqft more living space and +$36,426 for being newer. Net adjustment: +$70,666.
Adjusted -$38,436 for 229 sqft less living space and +$43,256 for being newer. Net adjustment: +$4,820.
Adjusted -$4,196 for 25 sqft less living space and +$31,873 for being newer. Net adjustment: +$27,677.
The Neighborhood
This home is valued 12.5% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is +12.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $5,658 across all districts. With a homestead exemption claimed, that drops to $4,119 — saving $1,539 per year. That's $343 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% | $2,895 |
| Taylor | City | 0.5850% | $1,592 |
| Williamson County | County | 0.3694% | $1,005 |
| Williamson County FM/Rd | County | 0.0443% | $121 |
| Lower Brushy Creek WCID | Water | 0.0169% | $46 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $5,658 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $297,214 would pay approximately $1,855 per month (principal and interest only, excluding taxes and insurance).