503 LUTHER DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $26,455 and $95,826, with a best estimate of $86,106. That places the property below the G242X - Georgetown East Duplex median of $422,527, in a neighborhood that appreciated 0.5% over the past year.
Estimated Value Range
$86,106
$460,309
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G242X - Georgetown East Duplex, this home's estimated market value is between $26,455 and $95,826. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$292,924 for 882 sqft less living space and +$8,423 for being newer. Net adjustment: -$284,501.
Adjusted -$326,135 for 982 sqft less living space and +$6,318 for being newer. Net adjustment: -$319,817.
Adjusted -$288,606 for 869 sqft less living space and +$3,159 for being newer. Net adjustment: -$285,447.
Adjusted -$327,796 for 987 sqft less living space and +$7,371 for being newer. Net adjustment: -$320,425.
Adjusted -$403,185 for 1,214 sqft less living space and +$3,159 for being newer. Net adjustment: -$400,026.
The Neighborhood
This home is valued 8.9% above the G242X - Georgetown East Duplex median of $422,527. With 242 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 0.5% over the past year.
G242X - Georgetown East Duplex
typicalThis home is +8.9% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,366 across all districts. With a homestead exemption claimed, that drops to $6,728 — saving $1,638 per year. That's $561 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% | $4,836 |
| Williamson County | County | 0.3694% | $1,701 |
| Georgetown | City | 0.3530% | $1,625 |
| Williamson County FM/Rd | County | 0.0443% | $204 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $8,366 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $86,106 would pay approximately $537 per month (principal and interest only, excluding taxes and insurance).