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508 GREAT LAWN CV, LIBERTY HILL, TX 78642

LIBERTY HILL, 78642 — williamson County

4 bed3 bath3,444 sqftBuilt 2021

Property at a Glance

This home is estimated between $696,625 and $993,674, with a best estimate of $814,492. That places the property above the G212414C - SANTA RITA N PH 1,2,3 median of $509,796, in a neighborhood that appreciated 63.0% over the past year.

Estimated Value Range

$696,625 $993,674
Best Estimate
$814,492
WCAD Value
$721,665
Medium Confidence

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 $696,625 and $993,674. More comparables in the same subdivision would strengthen this estimate.

Comparable Properties (5)

512 GREAT LAWN CV, LIBERTY HILL, TX 78642
0.01 mi 100% similar Same subdivision
4 bed 3 bath 2,766 sqft Built 2021
Raw Value $592,546
Adjusted Value $774,636

Adjusted +$182,090 for 678 sqft more living space. Net adjustment: +$182,090.

516 GREAT LAWN CV, LIBERTY HILL, TX 78642
0.02 mi 100% similar Same subdivision
4 bed 3 bath 3,493 sqft Built 2021
Raw Value $709,785
Adjusted Value $696,625

Adjusted -$13,160 for 49 sqft less living space. Net adjustment: -$13,160.

4 bed 3 bath 3,261 sqft Built 2024
Raw Value $773,499
Adjusted Value $814,492

Adjusted +$49,148 for 183 sqft more living space and -$8,155 for being older. Net adjustment: +$40,993.

200 BELANGER CANYON DR, LIBERTY HILL, TX 78642
0.03 mi 100% similar Same subdivision
4 bed 3 bath 2,191 sqft Built 2025
Raw Value $668,030
Adjusted Value $993,674

Adjusted +$336,518 for 1,253 sqft more living space and -$10,874 for being older. Net adjustment: +$325,644.

520 BENICIA CV, LIBERTY HILL, TX 78642
0.02 mi 99% similar Same subdivision
4 bed 3 bath 1,972 sqft Built 2024
Raw Value $496,414
Adjusted Value $883,594

Adjusted +$395,335 for 1,472 sqft more living space and -$8,155 for being older. Net adjustment: +$387,180.

The Neighborhood

This home is valued 41.6% above the G212414C - SANTA RITA N PH 1,2,3 median of $509,796. With 2,383 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 63.0% over the past year.

G212414C - SANTA RITA N PH 1,2,3

above average
2,383 Properties
$509,796 Median Value
+63.0% YoY Change
0% Have Pool
100% Have Garage
This Home
$721,665
Median
$509,796

This home is +41.6% above the subdivision median.

Tax Analysis

The estimated annual property tax is $18,437 across all districts. With a homestead exemption claimed, that drops to $16,569 — saving $1,868 per year. That's $1,381 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

DistrictTypeRateAnnual Amount
Liberty Hill ISDSchool1.2389%$8,941
Williamson County MUD #19BMUD0.8276%$5,972
Williamson CountyCounty0.3694%$2,666
Williamson County ESD #4 - Liberty HillESD0.0745%$538
Williamson County FM/RdCounty0.0443%$320
Williamson Central Appraisal Districtcad0.0000%$0
Total Annual Tax2.5548%$18,437

Mortgage Context

At today's 30-year mortgage rate of 6.38%, a buyer financing $814,492 would pay approximately $5,084 per month (principal and interest only, excluding taxes and insurance).

Data sourced from Williamson County Appraisal District (WCAD), Texas Education Agency (TEA), and Federal Reserve Economic Data (FRED). Assessment values reflect the appraisal district's estimate, not market sale prices. Report generated 4/18/2026.

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