1118 FAIRGROUNDS AVE, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $145,608 and $179,333, with a best estimate of $164,327. That places the property below the T516346I - SOUTH OF LAKE DR WEST OF 95 median of $212,609, in a neighborhood that declined 3.9% over the past year.
Estimated Value Range
$164,327
$139,314
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in T516346I - SOUTH OF LAKE DR WEST OF 95, this home's estimated market value is between $145,608 and $179,333. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$61,009 for 346 sqft less living space. Net adjustment: -$61,009.
Adjusted -$68,414 for 388 sqft less living space and -$5,228 for being older. Net adjustment: -$73,642.
Adjusted -$47,255 for 268 sqft less living space and -$10,456 for being older. Net adjustment: -$57,711.
Adjusted +$16,927 for 96 sqft more living space and +$6,274 for being newer and -$21,259 for no pool. Net adjustment: +$1,942.
Adjusted -$38,792 for 220 sqft less living space and -$15,684 for being older. Net adjustment: -$54,476.
The Neighborhood
This home is valued 34.5% below the T516346I - SOUTH OF LAKE DR WEST OF 95 median of $212,609. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.9% over the past year.
T516346I - SOUTH OF LAKE DR WEST OF 95
below averageThis home is -34.5% below the subdivision median.
Tax Analysis
The estimated annual property tax is $2,479 across all districts. With a homestead exemption claimed, that drops to $1,189 — saving $1,290 per year. That's $99 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% | $1,268 |
| Taylor | City | 0.5850% | $697 |
| Williamson County | County | 0.3694% | $440 |
| Williamson County FM/Rd | County | 0.0443% | $53 |
| Lower Brushy Creek WCID | Water | 0.0169% | $20 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $2,479 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $164,327 would pay approximately $1,026 per month (principal and interest only, excluding taxes and insurance).