500 CR 221, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $-159,223 and $4,898,718, with a best estimate of $175,094. That places the property below the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796, in a neighborhood that declined 8.6% over the past year.
Estimated Value Range
$175,094
$300,449
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $-159,223 and $4,898,718. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$485,918 for 1,641 sqft less living space and -$2,127 for being older. Net adjustment: -$488,045.
Adjusted -$428,769 for 1,448 sqft less living space and +$7,444 for being newer. Net adjustment: -$421,325.
Adjusted -$85,576 for 289 sqft less living space and +$11,697 for being newer. Net adjustment: -$73,879.
Adjusted -$295,815 for 999 sqft less living space and -$3,190 for being older. Net adjustment: -$299,005.
Adjusted -$638,120 for 2,155 sqft less living space and +$10,102 for being newer. Net adjustment: -$628,018.
The Neighborhood
This home is valued 41.3% 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
below averageThis home is -41.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $1,544 across all districts. With a homestead exemption claimed, that drops to $1,488 — saving $56 per year. That's $124 per month a buyer should budget. The assessed value increased +1.6% vs the subdivision average of -8.6%. This above-average increase gives a protest opportunity score of 50 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Williamson County | County | 0.3694% | $1,110 |
| Williamson County ESD #7 - Florence | ESD | 0.1000% | $300 |
| Williamson County FM/Rd | County | 0.0443% | $133 |
| Burnet CISD | School | 0.0000% | $0 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 0.5138% | $1,544 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $175,094 would pay approximately $1,093 per month (principal and interest only, excluding taxes and insurance).