704 OTIS ST, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $88,199 and $242,267, with a best estimate of $173,123. 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
$173,123
$123,105
Based on 5 comparable properties(0 in the same subdivision)
There are 5 comparable properties within range, but none are in T517364I - NORTH OF LAKE DR WEST OF 95. The estimated range of $88,199 and $242,267 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$26,015 for 155 sqft less living space and -$22,766 for being older. Net adjustment: -$48,781.
Adjusted +$1,846 for 11 sqft more living space and +$56,916 for being newer. Net adjustment: +$58,762.
Adjusted +$37,932 for 226 sqft more living space and +$34,150 for being newer. Net adjustment: +$72,082.
Adjusted -$44,478 for 265 sqft less living space and -$2,277 for being older. Net adjustment: -$46,755.
Adjusted +$26,855 for 160 sqft more living space and +$56,916 for being newer. Net adjustment: +$83,771.
The Neighborhood
This home is valued 49.1% 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
below averageThis home is -49.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $2,243 across all districts. With a homestead exemption claimed, that drops to $1,076 — saving $1,167 per year. That's $90 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% | $1,147 |
| Taylor | City | 0.5850% | $631 |
| Williamson County | County | 0.3694% | $398 |
| Williamson County FM/Rd | County | 0.0443% | $48 |
| Lower Brushy Creek WCID | Water | 0.0169% | $18 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $2,243 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $173,123 would pay approximately $1,081 per month (principal and interest only, excluding taxes and insurance).