505 WEST AVE, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $187,280 and $284,679, with a best estimate of $242,863. That places the property above the F301D30I - FLORENCE ISD CITY median of $190,830, in a neighborhood that declined 2.7% over the past year.
Estimated Value Range
$242,863
$154,881
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in F301D30I - FLORENCE ISD CITY, this home's estimated market value is between $187,280 and $284,679. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$22,482 for 168 sqft more living space and +$8,485 for being newer. Net adjustment: +$30,967.
Adjusted +$20,207 for 151 sqft more living space and -$15,909 for being older and -$29,356 for no garage. Net adjustment: -$25,058.
Adjusted +$150,284 for 1,123 sqft more living space. Net adjustment: +$150,284.
Adjusted +$184,542 for 1,379 sqft more living space and -$7,424 for being older. Net adjustment: +$177,118.
Adjusted +$93,275 for 697 sqft more living space and -$29,356 for no garage. Net adjustment: +$63,919.
The Neighborhood
This home is valued 18.8% below the F301D30I - FLORENCE ISD CITY median of $190,830. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 2.7% over the past year.
F301D30I - FLORENCE ISD CITY
below averageThis home is -18.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,275 across all districts. With a homestead exemption claimed, that drops to $1,821 — saving $1,454 per year. That's $152 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 |
|---|---|---|---|
| Florence ISD | School | 1.0182% | $1,577 |
| Florence | City | 0.5826% | $902 |
| Williamson County | County | 0.3694% | $572 |
| Williamson County ESD #7 - Florence | ESD | 0.1000% | $155 |
| Williamson County FM/Rd | County | 0.0443% | $69 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.1145% | $3,275 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $242,863 would pay approximately $1,516 per month (principal and interest only, excluding taxes and insurance).