506 MORRIS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $101,735 and $401,425, with a best estimate of $197,579. That places the property below the G131481H - Williams Addition 6,7, & 7 AMD median of $304,257, in a neighborhood that appreciated 7.3% over the past year.
Estimated Value Range
$197,579
$260,719
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 $101,735 and $401,425. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
This comparable closely matches the subject property's features.
Adjusted -$160,005 for 712 sqft less living space. Net adjustment: -$160,005.
Adjusted -$206,972 for 921 sqft less living space. Net adjustment: -$206,972.
Adjusted +$8,090 for 36 sqft more living space and -$42,361 for being older. Net adjustment: -$34,271.
Adjusted -$151,915 for 676 sqft less living space and -$10,086 for being older. Net adjustment: -$162,001.
The Neighborhood
This home is valued 14.3% below the G131481H - Williams Addition 6,7, & 7 AMD median of $304,257. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 7.3% over the past year.
G131481H - Williams Addition 6,7, & 7 AMD
typicalThis home is -14.3% below the subdivision median.
Tax Analysis
The estimated annual property tax is $2,540 across all districts. With a homestead exemption claimed, that drops to $1,021 — saving $1,519 per year. That's $85 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% | $1,468 |
| Williamson County | County | 0.3694% | $516 |
| Georgetown | City | 0.3530% | $493 |
| Williamson County FM/Rd | County | 0.0443% | $62 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Tax District (T06) | other | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $2,540 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $197,579 would pay approximately $1,233 per month (principal and interest only, excluding taxes and insurance).