301 VELMA DR, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $99,961 and $195,851, with a best estimate of $188,963. 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
$188,963
$209,732
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 $99,961 and $195,851. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$32,393 for 193 sqft less living space. Net adjustment: -$32,393.
Adjusted -$33,904 for 202 sqft less living space and +$2,277 for being newer. Net adjustment: -$31,627.
Adjusted -$48,338 for 288 sqft less living space and +$2,277 for being newer. Net adjustment: -$46,061.
Adjusted -$27,022 for 161 sqft less living space. Net adjustment: -$27,022.
Adjusted -$156,428 for 932 sqft less living space. Net adjustment: -$156,428.
The Neighborhood
This home is valued 13.3% 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 -13.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,361 across all districts. With a homestead exemption claimed, that drops to $2,833 — saving $1,528 per year. That's $236 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% | $2,231 |
| Taylor | City | 0.5850% | $1,227 |
| Williamson County | County | 0.3694% | $775 |
| Williamson County FM/Rd | County | 0.0443% | $93 |
| Lower Brushy Creek WCID | Water | 0.0169% | $36 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,361 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $188,963 would pay approximately $1,180 per month (principal and interest only, excluding taxes and insurance).