1216 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $364,151 and $571,360, with a best estimate of $514,614. That places the property above the G172613B - WATER OAK NORTH median of $501,966, in a neighborhood that declined 3.7% over the past year.
Estimated Value Range
$514,614
$558,641
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G172613B - WATER OAK NORTH, this home's estimated market value is between $364,151 and $571,360. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$129,890 for 610 sqft less living space and +$5,426 for being newer. Net adjustment: -$124,464.
Adjusted -$33,005 for 155 sqft less living space and +$16,279 for being newer. Net adjustment: -$16,726.
Adjusted -$118,391 for 556 sqft less living space and +$5,426 for being newer. Net adjustment: -$112,965.
Adjusted -$24,487 for 115 sqft less living space and +$32,558 for being newer. Net adjustment: +$8,071.
Adjusted +$4,685 for 22 sqft more living space and -$5,426 for being older. Net adjustment: -$741.
The Neighborhood
This home is valued 11.3% above the G172613B - WATER OAK NORTH median of $501,966. With 442 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 3.7% over the past year.
G172613B - WATER OAK NORTH
typicalThis home is +11.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $13,830 across all districts. With a homestead exemption claimed, that drops to $12,256 — saving $1,574 per year. That's $1,021 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% | $5,869 |
| Williamson County MUD #25 | MUD | 0.9200% | $5,139 |
| Williamson County | County | 0.3694% | $2,064 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $509 |
| Williamson County FM/Rd | County | 0.0443% | $248 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $13,830 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $514,614 would pay approximately $3,212 per month (principal and interest only, excluding taxes and insurance).