507 OAK LN, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $366,942 and $601,096, with a best estimate of $497,471. That places the property below the I030D80G - NORTH HWY 29 median of $594,861, in a neighborhood that appreciated 3.1% over the past year.
Estimated Value Range
$497,471
$551,774
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $366,942 and $601,096. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$14,109 for 47 sqft less living space and -$15,426 for being older. Net adjustment: -$29,535.
Adjusted -$288,474 for 961 sqft less living space and -$3,085 for being older. Net adjustment: -$291,559.
Adjusted +$30,919 for 103 sqft more living space and +$12,340 for being newer. Net adjustment: +$43,259.
Adjusted +$45,628 for 152 sqft more living space and -$9,255 for being older. Net adjustment: +$36,373.
Adjusted -$70,843 for 236 sqft less living space and +$12,340 for being newer. Net adjustment: -$58,503.
The Neighborhood
This home is valued 7.2% below the I030D80G - NORTH HWY 29 median of $594,861. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 3.1% over the past year.
I030D80G - NORTH HWY 29
typicalThis home is -7.2% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,530 across all districts. With a homestead exemption claimed, that drops to $7,694 — saving $1,836 per year. That's $641 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 |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $6,836 |
| Williamson County | County | 0.3694% | $2,039 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $411 |
| Williamson County FM/Rd | County | 0.0443% | $245 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7272% | $9,530 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $497,471 would pay approximately $3,105 per month (principal and interest only, excluding taxes and insurance).