1224 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $453,528 and $647,654, with a best estimate of $522,932. 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
$522,932
$485,241
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 $453,528 and $647,654. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$39,180 for 184 sqft less living space and -$5,426 for being older. Net adjustment: -$44,606.
Adjusted +$86,238 for 405 sqft more living space and +$16,279 for being newer. Net adjustment: +$102,517.
Adjusted -$20,016 for 94 sqft less living space. Net adjustment: -$20,016.
Adjusted +$14,480 for 68 sqft more living space and +$32,558 for being newer. Net adjustment: +$47,038.
Adjusted -$45,142 for 212 sqft less living space and +$16,279 for being newer. Net adjustment: -$28,863.
The Neighborhood
This home is valued 3.3% 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 -3.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $12,013 across all districts. With a homestead exemption claimed, that drops to $10,452 — saving $1,561 per year. That's $871 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% | $5,098 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,464 |
| Williamson County | County | 0.3694% | $1,793 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $443 |
| Williamson County FM/Rd | County | 0.0443% | $215 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $12,013 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $522,932 would pay approximately $3,264 per month (principal and interest only, excluding taxes and insurance).