1231 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $429,815 and $551,404, with a best estimate of $493,962. That places the property below the G172613B - WATER OAK NORTH median of $501,966, in a neighborhood that declined 3.7% over the past year.
Estimated Value Range
$493,962
$436,693
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G172613B - WATER OAK NORTH, this home's estimated market value is between $429,815 and $551,404. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$72,185 for 339 sqft more living space and -$16,279 for being older. Net adjustment: +$55,906.
Adjusted -$6,814 for 32 sqft less living space and -$10,853 for being older. Net adjustment: -$17,667.
Adjusted +$5,323 for 25 sqft more living space and -$16,279 for being older. Net adjustment: -$10,956.
Adjusted +$12,989 for 61 sqft more living space and -$5,426 for being older. Net adjustment: +$7,563.
Adjusted -$52,595 for 247 sqft less living space and -$16,279 for being older. Net adjustment: -$68,874.
The Neighborhood
This home is valued 13.0% below the G172613B - WATER OAK NORTH median of $501,966. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is -13.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $10,811 across all districts. With a homestead exemption claimed, that drops to $9,259 — saving $1,552 per year. That's $772 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% | $4,588 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,018 |
| Williamson County | County | 0.3694% | $1,613 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $398 |
| Williamson County FM/Rd | County | 0.0443% | $194 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $10,811 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $493,962 would pay approximately $3,083 per month (principal and interest only, excluding taxes and insurance).