2040 PALMERA RIDGE BLVD, LEANDER, TX 78641
LEANDER, 78641 — williamson County
Property at a Glance
This home is estimated between $347,904 and $486,270, with a best estimate of $354,854. That places the property below the L133616C - PALMERA RIDGE MI HOMES median of $454,190, in a neighborhood that declined 6.1% over the past year.
Estimated Value Range
$354,854
$396,205
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in L133616C - PALMERA RIDGE MI HOMES, this home's estimated market value is between $347,904 and $486,270. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$72,063 for 333 sqft less living space. Net adjustment: -$72,063.
Adjusted -$85,264 for 394 sqft less living space. Net adjustment: -$85,264.
Adjusted -$36,356 for 168 sqft less living space and -$4,309 for being older. Net adjustment: -$40,665.
Adjusted -$14,499 for 67 sqft less living space and -$4,309 for being older. Net adjustment: -$18,808.
Adjusted -$85,913 for 397 sqft less living space and -$8,617 for being older. Net adjustment: -$94,530.
The Neighborhood
This home is valued 12.8% below the L133616C - PALMERA RIDGE MI HOMES median of $454,190. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 6.1% over the past year.
L133616C - PALMERA RIDGE MI HOMES
typicalThis home is -12.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,661 across all districts. With a homestead exemption claimed, that drops to $8,045 — saving $1,616 per year. That's $670 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 |
|---|---|---|---|
| Leander ISD | School | 1.0869% | $4,306 |
| Leander | City | 0.4173% | $1,653 |
| Palmera Ridge MUD | MUD | 0.4000% | $1,585 |
| Williamson County | County | 0.3694% | $1,464 |
| Austin Community College | special | 0.1034% | $410 |
| Williamson County FM/Rd | County | 0.0443% | $176 |
| Upper Brushy Creek WCID | Water | 0.0170% | $67 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4384% | $9,661 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $354,854 would pay approximately $2,215 per month (principal and interest only, excluding taxes and insurance).