1301 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $480,495 and $529,664, with a best estimate of $508,238. 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
$508,238
$483,570
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 $480,495 and $529,664. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$33,005 for 155 sqft more living space and +$10,853 for being newer. Net adjustment: +$43,858.
Adjusted +$14,905 for 70 sqft more living space and +$5,426 for being newer. Net adjustment: +$20,331.
Adjusted +$80,489 for 378 sqft more living space. Net adjustment: +$80,489.
Adjusted -$8,517 for 40 sqft less living space and +$5,426 for being newer. Net adjustment: -$3,091.
Adjusted -$39,393 for 185 sqft less living space and +$5,426 for being newer. Net adjustment: -$33,967.
The Neighborhood
This home is valued 3.7% below the G172613B - WATER OAK NORTH median of $501,966. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is -3.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $11,971 across all districts. With a homestead exemption claimed, that drops to $10,411 — saving $1,560 per year. That's $868 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% | $5,080 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,449 |
| Williamson County | County | 0.3694% | $1,787 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $441 |
| Williamson County FM/Rd | County | 0.0443% | $214 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $11,971 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $508,238 would pay approximately $3,172 per month (principal and interest only, excluding taxes and insurance).