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505 OCATE MESA TRL, LIBERTY HILL, TX 78642

LIBERTY HILL, 78642 — williamson County

4 bed3 bath3,187 sqftBuilt 2022

Property at a Glance

This home is estimated between $763,065 and $793,503, with a best estimate of $772,904. That places the property below the I460514C - RANCHO SANTA FE / ESTATES AT STONEWALL RANCH median of $840,397, in a neighborhood that declined 3.6% over the past year.

Estimated Value Range

$763,065 $793,503
Best Estimate
$772,904
WCAD Value
$775,006
Medium Confidence

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 $763,065 and $793,503. More comparables in the same subdivision would strengthen this estimate.

Comparable Properties (5)

501 OCATE MESA TRL, LIBERTY HILL, TX 78642
0.01 mi 100% similar Same subdivision
4 bed 3 bath 3,508 sqft Built 2022
Raw Value $852,585
Adjusted Value $768,088

Adjusted -$84,497 for 321 sqft less living space. Net adjustment: -$84,497.

4 bed 3 bath 3,051 sqft Built 2016
Raw Value $716,136
Adjusted Value $772,904

Adjusted +$35,799 for 136 sqft more living space and +$20,969 for being newer. Net adjustment: +$56,768.

509 OCATE MESA TRL, LIBERTY HILL, TX 78642
0.01 mi 100% similar Same subdivision
3 bed 3,441 sqft Built 2021
Raw Value $826,430
Adjusted Value $763,065

Adjusted -$66,860 for 254 sqft less living space and +$3,495 for being newer. Net adjustment: -$63,365.

601 OCATE MESA TRL, LIBERTY HILL, TX 78642
0.04 mi 100% similar Same subdivision
4 bed 3 bath 3,521 sqft Built 2021
Raw Value $858,179
Adjusted Value $773,755

Adjusted -$87,919 for 334 sqft less living space and +$3,495 for being newer. Net adjustment: -$84,424.

605 OCATE MESA TRL, LIBERTY HILL, TX 78642
0.04 mi 100% similar Same subdivision
4 bed 3 bath 3,301 sqft Built 2021
Raw Value $820,016
Adjusted Value $793,503

Adjusted -$30,008 for 114 sqft less living space and +$3,495 for being newer. Net adjustment: -$26,513.

The Neighborhood

This home is valued 7.8% below the I460514C - RANCHO SANTA FE / ESTATES AT STONEWALL RANCH median of $840,397. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.6% over the past year.

I460514C - RANCHO SANTA FE / ESTATES AT STONEWALL RANCH

typical
169 Properties
$840,397 Median Value
-3.6% YoY Change
1% Have Pool
100% Have Garage
This Home
$775,006
Median
$840,397

This home is -7.8% below the subdivision median.

Tax Analysis

The estimated annual property tax is $17,220 across all districts. With a homestead exemption claimed, that drops to $15,343 — saving $1,877 per year. That's $1,279 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

DistrictTypeRateAnnual Amount
Liberty Hill ISDSchool1.2389%$9,602
Watch Hill MUDMUD0.4948%$3,835
Williamson CountyCounty0.3694%$2,863
Williamson County ESD #4 - Liberty HillESD0.0745%$577
Williamson County FM/RdCounty0.0443%$344
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.2220%$17,220

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $772,904 would pay approximately $4,824 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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