12507 RAINBOW CT, AUSTIN, TX 78729
AUSTIN, 78729 — williamson County
Property at a Glance
This home is estimated between $503,078 and $600,655, with a best estimate of $566,976. That places the property above the R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3 median of $392,077, in a neighborhood that appreciated 1.5% over the past year.
Estimated Value Range
$566,976
$411,670
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3, this home's estimated market value is between $503,078 and $600,655. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$122,790 for 443 sqft more living space and -$1,162 for being older. Net adjustment: +$121,628.
Adjusted +$177,949 for 642 sqft more living space and -$1,162 for being older. Net adjustment: +$176,787.
Adjusted +$183,770 for 663 sqft more living space. Net adjustment: +$183,770.
Adjusted +$71,789 for 259 sqft more living space and -$1,162 for being older. Net adjustment: +$70,627.
Adjusted +$190,976 for 689 sqft more living space. Net adjustment: +$190,976.
The Neighborhood
This home is valued 5.0% above the R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3 median of $392,077. With 236 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 1.5% over the past year.
R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3
typicalThis home is +5.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,287 across all districts. With a homestead exemption claimed, that drops to $4,961 — saving $1,326 per year. That's $413 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 |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $3,677 |
| Williamson County | County | 0.3694% | $1,521 |
| Austin Community College | special | 0.1034% | $426 |
| Williamson County ESD #1 - Jollyville VFD | ESD | 0.1000% | $412 |
| Williamson County FM/Rd | County | 0.0443% | $182 |
| Upper Brushy Creek WCID | Water | 0.0170% | $70 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5273% | $6,287 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $566,976 would pay approximately $3,539 per month (principal and interest only, excluding taxes and insurance).