502 OTIS ST, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $108,417 and $203,254, with a best estimate of $158,879. 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
$158,879
$152,536
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 $108,417 and $203,254 should be treated as a rough guide.
Comparable Properties (5)
Adjusted -$7,385 for 44 sqft less living space and +$38,703 for being newer. Net adjustment: +$31,318.
Adjusted +$18,630 for 111 sqft more living space and -$66,023 for being older. Net adjustment: -$47,393.
Adjusted +$21,484 for 128 sqft more living space and +$45,533 for being newer. Net adjustment: +$67,017.
Adjusted -$39,946 for 238 sqft less living space and +$11,383 for being newer. Net adjustment: -$28,563.
Adjusted -$86,103 for 513 sqft less living space and +$18,213 for being newer and -$26,028 for no garage. Net adjustment: -$93,918.
The Neighborhood
This home is valued 36.9% 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 -36.9% below the subdivision median.
Tax Analysis
The estimated annual property tax is $3,172 across all districts. With a homestead exemption claimed, that drops to $1,655 — saving $1,517 per year. That's $138 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% | $1,623 |
| Taylor | City | 0.5850% | $892 |
| Williamson County | County | 0.3694% | $564 |
| Williamson County FM/Rd | County | 0.0443% | $68 |
| Lower Brushy Creek WCID | Water | 0.0169% | $26 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $3,172 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $158,879 would pay approximately $992 per month (principal and interest only, excluding taxes and insurance).