1208 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $499,798 and $679,850, with a best estimate of $515,074. That places the property above the G172613B - WATER OAK NORTH median of $501,966, in a neighborhood that declined 3.7% over the past year.
Estimated Value Range
$515,074
$542,732
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G172613B - WATER OAK NORTH, this home's estimated market value is between $499,798 and $679,850. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$169,921 for 798 sqft more living space and -$5,426 for being older. Net adjustment: +$164,495.
Adjusted +$35,347 for 166 sqft more living space and +$5,426 for being newer. Net adjustment: +$40,773.
Adjusted +$31,088 for 146 sqft more living space and -$5,426 for being older. Net adjustment: +$25,662.
Adjusted +$11,073 for 52 sqft more living space. Net adjustment: +$11,073.
Adjusted -$8,304 for 39 sqft less living space and +$5,426 for being newer. Net adjustment: -$2,878.
The Neighborhood
This home is valued 8.1% above the G172613B - WATER OAK NORTH median of $501,966. With 442 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is +8.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $13,436 across all districts. With a homestead exemption claimed, that drops to $11,865 — saving $1,571 per year. That's $989 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% | $5,702 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,993 |
| Williamson County | County | 0.3694% | $2,005 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $495 |
| Williamson County FM/Rd | County | 0.0443% | $241 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $13,436 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $515,074 would pay approximately $3,215 per month (principal and interest only, excluding taxes and insurance).