307 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $201,037 and $254,221, with a best estimate of $226,978. That places the property below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901, in a neighborhood that declined 11.4% over the past year.
Estimated Value Range
$226,978
$230,378
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T517364I - NORTH OF LAKE DR WEST OF 95, this home's estimated market value is between $201,037 and $254,221. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$17,456 for 104 sqft less living space. Net adjustment: -$17,456.
Adjusted -$4,028 for 24 sqft less living space and -$31,873 for being older. Net adjustment: -$35,901.
Adjusted -$1,846 for 11 sqft less living space and +$2,277 for being newer. Net adjustment: +$431.
Adjusted -$74,522 for 444 sqft less living space and +$9,107 for being newer. Net adjustment: -$65,415.
Adjusted -$40,282 for 240 sqft less living space and -$2,277 for being older. Net adjustment: -$42,559.
The Neighborhood
This home is valued 4.8% below the T517364I - NORTH OF LAKE DR WEST OF 95 median of $241,901. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 11.4% over the past year.
T517364I - NORTH OF LAKE DR WEST OF 95
typicalThis home is -4.8% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,791 across all districts. With a homestead exemption claimed, that drops to $3,259 — saving $1,532 per year. That's $272 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 |
|---|---|---|---|
| Taylor ISD | School | 1.0638% | $2,451 |
| Taylor | City | 0.5850% | $1,348 |
| Williamson County | County | 0.3694% | $851 |
| Williamson County FM/Rd | County | 0.0443% | $102 |
| Lower Brushy Creek WCID | Water | 0.0169% | $39 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,791 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $226,978 would pay approximately $1,417 per month (principal and interest only, excluding taxes and insurance).