1200 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $474,135 and $517,070, with a best estimate of $489,944. That places the property below the G172613B - WATER OAK NORTH median of $501,966, in a neighborhood that declined 3.7% over the past year.
Estimated Value Range
$489,944
$477,168
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G172613B - WATER OAK NORTH, this home's estimated market value is between $474,135 and $517,070. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$31,088 for 146 sqft less living space and +$5,426 for being newer. Net adjustment: -$25,662.
Adjusted -$39,393 for 185 sqft less living space and +$10,853 for being newer. Net adjustment: -$28,540.
Adjusted -$20,016 for 94 sqft less living space and +$5,426 for being newer. Net adjustment: -$14,590.
Adjusted +$4,259 for 20 sqft more living space and +$10,853 for being newer. Net adjustment: +$15,112.
Adjusted -$22,997 for 108 sqft less living space and +$16,279 for being newer. Net adjustment: -$6,718.
The Neighborhood
This home is valued 4.9% below the G172613B - WATER OAK NORTH median of $501,966. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is -4.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $11,813 across all districts. With a homestead exemption claimed, that drops to $10,254 — saving $1,559 per year. That's $855 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 |
|---|---|---|---|
| Georgetown ISD | School | 1.0506% | $5,013 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,390 |
| Williamson County | County | 0.3694% | $1,763 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $435 |
| Williamson County FM/Rd | County | 0.0443% | $212 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $11,813 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $489,944 would pay approximately $3,058 per month (principal and interest only, excluding taxes and insurance).