5502 CR 245, FLORENCE, TX 76527
FLORENCE, 76527 — williamson County
Property at a Glance
This home is estimated between $170,864 and $880,694, with a best estimate of $845,641. That places the property above the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796, in a neighborhood that declined 8.6% over the past year.
Estimated Value Range
$845,641
$1,986,420
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in F001D30F - FLORENCE / BURNET ISD RURAL, this home's estimated market value is between $170,864 and $880,694. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$118,444 for 400 sqft less living space and +$5,317 for being newer. Net adjustment: -$113,127.
Adjusted +$76,989 for 260 sqft more living space and -$12,761 for being older. Net adjustment: +$64,228.
Adjusted +$46,489 for 157 sqft more living space and -$40,940 for being older. Net adjustment: +$5,549.
Adjusted -$8,291 for 28 sqft less living space and -$40,940 for being older. Net adjustment: -$49,231.
Adjusted -$42,344 for 143 sqft less living space and -$40,940 for being older. Net adjustment: -$83,284.
The Neighborhood
This home is valued 288.1% above the F001D30F - FLORENCE / BURNET ISD RURAL median of $511,796. With 2,087 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 8.6% over the past year.
F001D30F - FLORENCE / BURNET ISD RURAL
outlier highThis home is +288.1% above the subdivision median.
Tax Analysis
The estimated annual property tax is $875 across all districts. With a homestead exemption claimed, that drops to $275 — saving $600 per year. That's $23 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 |
|---|---|---|---|
| Florence ISD | School | 1.0182% | $582 |
| Williamson County | County | 0.3694% | $211 |
| Williamson County ESD #7 - Florence | ESD | 0.1000% | $57 |
| Williamson County FM/Rd | County | 0.0443% | $25 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5320% | $875 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $845,641 would pay approximately $5,278 per month (principal and interest only, excluding taxes and insurance).