1232 FALLING HILLS DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $473,544 and $785,574, with a best estimate of $505,257. 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
$505,257
$542,948
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 $473,544 and $785,574. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$19,164 for 90 sqft less living space and -$5,426 for being older. Net adjustment: -$24,590.
Adjusted -$7,666 for 36 sqft less living space. Net adjustment: -$7,666.
Adjusted +$20,016 for 94 sqft more living space. Net adjustment: +$20,016.
Adjusted +$180,781 for 849 sqft more living space. Net adjustment: +$180,781.
Adjusted +$120,308 for 565 sqft more living space. Net adjustment: +$120,308.
The Neighborhood
This home is valued 8.2% 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 +8.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $13,441 across all districts. With a homestead exemption claimed, that drops to $11,870 — saving $1,571 per year. That's $989 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% | $5,704 |
| Williamson County MUD #25 | MUD | 0.9200% | $4,995 |
| Williamson County | County | 0.3694% | $2,006 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $495 |
| Williamson County FM/Rd | County | 0.0443% | $241 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 2.4756% | $13,441 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $505,257 would pay approximately $3,154 per month (principal and interest only, excluding taxes and insurance).