605 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $236,938 and $290,123, with a best estimate of $251,247. That places the property above 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
$251,247
$262,879
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 $236,938 and $290,123. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$13,427 for 80 sqft less living space and +$31,873 for being newer. Net adjustment: +$18,446.
Adjusted +$2,182 for 13 sqft more living space and +$34,150 for being newer. Net adjustment: +$36,332.
Adjusted -$70,493 for 420 sqft less living space and +$40,980 for being newer. Net adjustment: -$29,513.
Adjusted -$36,254 for 216 sqft less living space and +$29,596 for being newer. Net adjustment: -$6,658.
Adjusted -$9,735 for 58 sqft less living space and +$31,873 for being newer. Net adjustment: +$22,138.
The Neighborhood
This home is valued 8.7% above the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. With 871 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is +8.7% above the subdivision median.
Tax Analysis
The estimated annual property tax is $5,467 across all districts. With a homestead exemption claimed, that drops to $3,929 — saving $1,538 per year. That's $327 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% | $2,797 |
| Taylor | City | 0.5850% | $1,538 |
| Williamson County | County | 0.3694% | $971 |
| Williamson County FM/Rd | County | 0.0443% | $117 |
| Lower Brushy Creek WCID | Water | 0.0169% | $45 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $5,467 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $251,247 would pay approximately $1,568 per month (principal and interest only, excluding taxes and insurance).