1220 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $380,877 and $575,367, with a best estimate of $397,952. 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
$397,952
$545,137
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 $380,877 and $575,367. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$33,005 for 155 sqft more living space and -$16,279 for being older. Net adjustment: +$16,726.
Adjusted -$86,238 for 405 sqft less living space and -$16,279 for being older. Net adjustment: -$102,517.
Adjusted -$96,885 for 455 sqft less living space and -$10,853 for being older. Net adjustment: -$107,738.
Adjusted -$116,475 for 547 sqft less living space and +$5,426 for being newer. Net adjustment: -$111,049.
Adjusted -$82,406 for 387 sqft less living space and +$5,426 for being newer. Net adjustment: -$76,980.
The Neighborhood
This home is valued 8.6% above the G172613B - WATER OAK NORTH median of $501,966. With 442 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is +8.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $13,495 across all districts. With a homestead exemption claimed, that drops to $11,924 — saving $1,571 per year. That's $994 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% | $5,727 |
| Williamson County MUD #25 | MUD | 0.9200% | $5,015 |
| Williamson County | County | 0.3694% | $2,014 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $497 |
| Williamson County FM/Rd | County | 0.0443% | $242 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $13,495 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $397,952 would pay approximately $2,484 per month (principal and interest only, excluding taxes and insurance).