506 OAK LN, LIBERTY HILL, TX 78642
LIBERTY HILL, 78642 — williamson County
Property at a Glance
This home is estimated between $585,010 and $728,205, with a best estimate of $624,582. That places the property above the I030D80G - NORTH HWY 29 median of $594,861, in a neighborhood that appreciated 3.1% over the past year.
Estimated Value Range
$624,582
$557,055
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in I030D80G - NORTH HWY 29, this home's estimated market value is between $585,010 and $728,205. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$155,194 for 517 sqft less living space and -$9,255 for being older. Net adjustment: -$164,449.
Adjusted +$178,908 for 596 sqft more living space and -$15,426 for being older. Net adjustment: +$163,482.
Adjusted +$62,438 for 208 sqft more living space and +$6,170 for being newer. Net adjustment: +$68,608.
Adjusted +$1,801 for 6 sqft more living space and -$43,192 for being older. Net adjustment: -$41,391.
Adjusted +$38,423 for 128 sqft more living space and -$30,851 for being older. Net adjustment: +$7,572.
The Neighborhood
This home is valued 6.4% below the I030D80G - NORTH HWY 29 median of $594,861. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 3.1% over the past year.
I030D80G - NORTH HWY 29
typicalThis home is -6.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $9,621 across all districts. With a homestead exemption claimed, that drops to $7,784 — saving $1,837 per year. That's $649 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 |
|---|---|---|---|
| Liberty Hill ISD | School | 1.2389% | $6,901 |
| Williamson County | County | 0.3694% | $2,058 |
| Williamson County ESD #4 - Liberty Hill | ESD | 0.0745% | $415 |
| Williamson County FM/Rd | County | 0.0443% | $247 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7272% | $9,621 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $624,582 would pay approximately $3,899 per month (principal and interest only, excluding taxes and insurance).