505 MORRIS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $24,873 and $211,199, with a best estimate of $108,264. That places the property below the G131481H - Williams Addition 6,7, & 7 AMD median of $304,257, in a neighborhood that appreciated 7.3% over the past year.
Estimated Value Range
$108,264
$435,696
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in G131481H - Williams Addition 6,7, & 7 AMD. The estimated range of $24,873 and $211,199 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$204,950 for 912 sqft less living space and +$22,189 for being newer. Net adjustment: -$182,761.
Adjusted -$160,005 for 712 sqft less living space and +$32,275 for being newer. Net adjustment: -$127,730.
Adjusted -$231,243 for 1,029 sqft less living space and +$27,232 for being newer. Net adjustment: -$204,011.
Adjusted -$198,433 for 883 sqft less living space and +$32,275 for being newer. Net adjustment: -$166,158.
Adjusted -$326,751 for 1,454 sqft less living space and +$22,189 for being newer. Net adjustment: -$304,562.
The Neighborhood
This home is valued 43.2% above the G131481H - Williams Addition 6,7, & 7 AMD median of $304,257. With 111 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 7.3% over the past year.
G131481H - Williams Addition 6,7, & 7 AMD
above averageThis home is +43.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,918 across all districts. With a homestead exemption claimed, that drops to $6,290 — saving $1,628 per year. That's $524 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% | $4,577 |
| Williamson County | County | 0.3694% | $1,610 |
| Georgetown | City | 0.3530% | $1,538 |
| Williamson County FM/Rd | County | 0.0443% | $193 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $7,918 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $108,264 would pay approximately $676 per month (principal and interest only, excluding taxes and insurance).