1012 MARTIN LUTHER KING ST, GEORGETOWN, TX 78626
GEORGETOWN, 78626 — williamson County
Property at a Glance
This home is estimated between $396,290 and $536,516, with a best estimate of $467,957. That places the property above the G652H - Old Town Gtown Class H1 & H2 median of $409,550, in a neighborhood that declined 18.5% over the past year.
Estimated Value Range
$467,957
$478,656
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G652H - Old Town Gtown Class H1 & H2, this home's estimated market value is between $396,290 and $536,516. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$14,424 for 44 sqft more living space and -$4,170 for being older. Net adjustment: +$10,254.
Adjusted +$13,768 for 42 sqft more living space. Net adjustment: +$13,768.
Adjusted +$111,454 for 340 sqft more living space and +$2,978 for being newer. Net adjustment: +$114,432.
Adjusted +$106,210 for 324 sqft more living space and +$2,978 for being newer. Net adjustment: +$109,188.
Adjusted -$99,653 for 304 sqft less living space and +$2,978 for being newer. Net adjustment: -$96,675.
The Neighborhood
This home is valued 16.9% above the G652H - Old Town Gtown Class H1 & H2 median of $409,550. With 382 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 18.5% over the past year.
G652H - Old Town Gtown Class H1 & H2
above averageThis home is +16.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,699 across all districts. With a homestead exemption claimed, that drops to $7,055 — saving $1,644 per year. That's $588 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% | $5,029 |
| Williamson County | County | 0.3694% | $1,768 |
| Georgetown | City | 0.3530% | $1,690 |
| Williamson County FM/Rd | County | 0.0443% | $212 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $8,699 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $467,957 would pay approximately $2,921 per month (principal and interest only, excluding taxes and insurance).