304 DRAKE LN, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $190,454 and $548,480, with a best estimate of $264,031. That places the property above 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
$264,031
$226,569
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $190,454 and $548,480. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$29,037 for 173 sqft less living space. Net adjustment: -$29,037.
Adjusted +$82,914 for 494 sqft more living space. Net adjustment: +$82,914.
Adjusted -$135,448 for 807 sqft less living space and +$4,553 for being newer and +$26,028 for having a garage. Net adjustment: -$104,867.
Adjusted -$95,334 for 568 sqft less living space. Net adjustment: -$95,334.
Adjusted -$32,561 for 194 sqft less living space and -$4,553 for being older. Net adjustment: -$37,114.
The Neighborhood
This home is valued 6.3% 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 -6.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,712 across all districts. With a homestead exemption claimed, that drops to $3,180 — saving $1,532 per year. That's $265 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% | $2,410 |
| Taylor | City | 0.5850% | $1,325 |
| Williamson County | County | 0.3694% | $837 |
| Williamson County FM/Rd | County | 0.0443% | $100 |
| Lower Brushy Creek WCID | Water | 0.0169% | $38 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,712 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $264,031 would pay approximately $1,648 per month (principal and interest only, excluding taxes and insurance).