505 FOREST CT, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $121,241 and $196,864, with a best estimate of $163,217. 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
$163,217
$151,329
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 $121,241 and $196,864. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$8,728 for 52 sqft more living space. Net adjustment: +$8,728.
Adjusted -$10,070 for 60 sqft less living space and -$26,028 for no garage. Net adjustment: -$36,098.
Adjusted -$4,867 for 29 sqft less living space and -$26,028 for no garage. Net adjustment: -$30,895.
Adjusted +$9,567 for 57 sqft more living space and -$11,383 for being older and -$26,028 for no garage. Net adjustment: -$27,844.
Adjusted -$83,249 for 496 sqft less living space and -$11,383 for being older and -$26,028 for no garage. Net adjustment: -$120,660.
The Neighborhood
This home is valued 37.4% 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
below averageThis home is -37.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,147 across all districts. With a homestead exemption claimed, that drops to $1,630 — saving $1,517 per year. That's $136 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% | $1,610 |
| Taylor | City | 0.5850% | $885 |
| Williamson County | County | 0.3694% | $559 |
| Williamson County FM/Rd | County | 0.0443% | $67 |
| Lower Brushy Creek WCID | Water | 0.0169% | $26 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $3,147 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $163,217 would pay approximately $1,019 per month (principal and interest only, excluding taxes and insurance).