507 OTIS ST, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $181,230 and $280,468, with a best estimate of $211,720. 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
$211,720
$185,449
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 $181,230 and $280,468 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$24,673 for 147 sqft less living space and +$29,596 for being newer and -$26,028 for no garage. Net adjustment: -$21,105.
Adjusted +$3,021 for 18 sqft more living space and +$43,256 for being newer. Net adjustment: +$46,277.
Adjusted +$21,484 for 128 sqft more living space and +$22,766 for being newer. Net adjustment: +$44,250.
Adjusted +$54,045 for 322 sqft more living space and +$50,086 for being newer. Net adjustment: +$104,131.
Adjusted +$20,477 for 122 sqft more living space and +$56,916 for being newer. Net adjustment: +$77,393.
The Neighborhood
This home is valued 23.3% 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 -23.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,856 across all districts. With a homestead exemption claimed, that drops to $2,333 — saving $1,523 per year. That's $194 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% | $1,973 |
| Taylor | City | 0.5850% | $1,085 |
| Williamson County | County | 0.3694% | $685 |
| Williamson County FM/Rd | County | 0.0443% | $82 |
| Lower Brushy Creek WCID | Water | 0.0169% | $31 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $3,856 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $211,720 would pay approximately $1,322 per month (principal and interest only, excluding taxes and insurance).