1240 N PATTERSON AVE, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $372,894 and $733,543, with a best estimate of $557,350. That places the property above the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796, in a neighborhood that declined 8.6% over the past year.
Estimated Value Range
$557,350
$746,858
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in F001D30F - FLORENCE / BURNET ISD RURAL, this home's estimated market value is between $372,894 and $733,543. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$78,766 for 266 sqft more living space and -$9,570 for being older. Net adjustment: +$69,196.
Adjusted -$42,048 for 142 sqft less living space and -$6,380 for being older. Net adjustment: -$48,428.
Adjusted +$366,882 for 1,239 sqft more living space. Net adjustment: +$366,882.
Adjusted +$64,552 for 218 sqft more living space and -$9,039 for being older. Net adjustment: +$55,513.
Adjusted +$251,695 for 850 sqft more living space and +$5,317 for being newer. Net adjustment: +$257,012.
The Neighborhood
This home is valued 45.9% above the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796. With 2,087 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 8.6% over the past year.
F001D30F - FLORENCE / BURNET ISD RURAL
above averageThis home is +45.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $11,442 across all districts. With a homestead exemption claimed, that drops to $9,878 — saving $1,564 per year. That's $823 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% | $7,605 |
| Williamson County | County | 0.3694% | $2,759 |
| Williamson County ESD #7 - Florence | ESD | 0.1000% | $747 |
| Williamson County FM/Rd | County | 0.0443% | $331 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5320% | $11,442 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $557,350 would pay approximately $3,479 per month (principal and interest only, excluding taxes and insurance).