550 CR 221, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $397,640 and $900,954, with a best estimate of $741,659. That places the property above the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796, in a neighborhood that declined 8.6% over the past year.
Estimated Value Range
$741,659
$462,736
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in F001D30F - FLORENCE / BURNET ISD RURAL, this home's estimated market value is between $397,640 and $900,954. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$17,174 for 58 sqft more living space and +$3,190 for being newer. Net adjustment: +$20,364.
Adjusted +$18,951 for 64 sqft more living space and -$532 for being older. Net adjustment: +$18,419.
Adjusted +$10,364 for 35 sqft more living space and +$2,127 for being newer and -$47,268 for no pool. Net adjustment: -$34,777.
Adjusted +$6,514 for 22 sqft more living space and +$9,039 for being newer. Net adjustment: +$15,553.
Adjusted -$56,261 for 190 sqft less living space and +$1,063 for being newer. Net adjustment: -$55,198.
The Neighborhood
This home is valued 9.6% below the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 8.6% over the past year.
F001D30F - FLORENCE / BURNET ISD RURAL
typicalThis home is -9.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $2,377 across all districts. With a homestead exemption claimed, that drops to $2,292 — saving $85 per year. That's $191 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 |
|---|---|---|---|
| Williamson County | County | 0.3694% | $1,710 |
| Williamson County ESD #7 - Florence | ESD | 0.1000% | $463 |
| Williamson County FM/Rd | County | 0.0443% | $205 |
| Burnet CISD | School | 0.0000% | $0 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 0.5138% | $2,377 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $741,659 would pay approximately $4,629 per month (principal and interest only, excluding taxes and insurance).