305 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $196,398 and $254,746, with a best estimate of $219,321. That places the property below 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
$219,321
$218,190
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $196,398 and $254,746. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$12,085 for 72 sqft more living space and -$2,277 for being older and +$26,028 for having a garage. Net adjustment: +$35,836.
Adjusted -$20,812 for 124 sqft less living space and -$2,277 for being older. Net adjustment: -$23,089.
Adjusted -$10,910 for 65 sqft less living space and -$2,277 for being older. Net adjustment: -$13,187.
Adjusted -$10,238 for 61 sqft less living space and -$9,107 for being older. Net adjustment: -$19,345.
Adjusted +$11,078 for 66 sqft more living space and -$4,553 for being older. Net adjustment: +$6,525.
The Neighborhood
This home is valued 9.8% 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 -9.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,537 across all districts. With a homestead exemption claimed, that drops to $3,008 — saving $1,529 per year. That's $251 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% | $2,321 |
| Taylor | City | 0.5850% | $1,276 |
| Williamson County | County | 0.3694% | $806 |
| Williamson County FM/Rd | County | 0.0443% | $97 |
| Lower Brushy Creek WCID | Water | 0.0169% | $37 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,537 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $219,321 would pay approximately $1,369 per month (principal and interest only, excluding taxes and insurance).