507 3RD ST W, TAYLOR, TX 76574
TAYLOR, 76574 — williamson County
Property at a Glance
This home is estimated between $229,632 and $328,059, with a best estimate of $305,054. That places the property above the T541 - H1 & H2 median of $191,238, in a neighborhood that declined 12.0% over the past year.
Estimated Value Range
$305,054
$205,142
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $229,632 and $328,059. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$65,539 for 418 sqft more living space and +$768 for being newer and -$27,644 for no pool. Net adjustment: +$38,663.
Adjusted +$25,087 for 160 sqft more living space and +$36,603 for having a garage. Net adjustment: +$61,690.
Adjusted +$32,299 for 206 sqft more living space and +$1,535 for being newer and +$36,603 for having a garage. Net adjustment: +$70,437.
Adjusted +$12,230 for 78 sqft more living space. Net adjustment: +$12,230.
Adjusted -$18,815 for 120 sqft less living space and -$1,228 for being older and +$36,603 for having a garage. Net adjustment: +$16,560.
The Neighborhood
This home is valued 7.3% above the T541 - H1 & H2 median of $191,238. With 634 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 12.0% over the past year.
T541 - H1 & H2
typicalThis home is +7.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $4,266 across all districts. With a homestead exemption claimed, that drops to $2,739 — saving $1,527 per year. That's $228 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% | $2,182 |
| Taylor | City | 0.5850% | $1,200 |
| Williamson County | County | 0.3694% | $758 |
| Williamson County FM/Rd | County | 0.0443% | $91 |
| Lower Brushy Creek WCID | Water | 0.0169% | $35 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Tax District (T04) | other | 0.0000% | $0 |
| Total Annual Tax | 2.0795% | $4,266 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $305,054 would pay approximately $1,904 per month (principal and interest only, excluding taxes and insurance).