12505 RAINBOW CT, AUSTIN, TX 78729
AUSTIN, 78729 — williamson County
Property at a Glance
This home is estimated between $227,900 and $387,106, with a best estimate of $330,286. That places the property below the R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3 median of $392,077, in a neighborhood that appreciated 1.5% over the past year.
Estimated Value Range
$330,286
$416,885
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3, this home's estimated market value is between $227,900 and $387,106. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$60,979 for 220 sqft less living space and -$1,162 for being older. Net adjustment: -$62,141.
Adjusted -$5,821 for 21 sqft less living space and -$1,162 for being older. Net adjustment: -$6,983.
Adjusted -$111,980 for 404 sqft less living space and -$1,162 for being older. Net adjustment: -$113,142.
Adjusted +$7,207 for 26 sqft more living space. Net adjustment: +$7,207.
Adjusted -$183,770 for 663 sqft less living space. Net adjustment: -$183,770.
The Neighborhood
This home is valued 6.3% above the R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3 median of $392,077. With 236 homes in the subdivision, the property sits in the upper tier. The neighborhood appreciated 1.5% over the past year.
R376474G - Jolly Oaks Ph 1, Village Oaks, Sec 1 Thru 3
typicalThis home is +6.3% above the subdivision median.
Tax Analysis
The estimated annual property tax is $6,367 across all districts. With a homestead exemption claimed, that drops to $5,040 — saving $1,327 per year. That's $420 per month a buyer should budget. The assessed value increased +10.4% vs the subdivision average of +1.5%. This above-average increase gives a protest opportunity score of 70 out of 100 — it may be worth challenging the appraisal.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Round Rock ISD | School | 0.8931% | $3,723 |
| Williamson County | County | 0.3694% | $1,540 |
| Austin Community College | special | 0.1034% | $431 |
| Williamson County ESD #1 - Jollyville VFD | ESD | 0.1000% | $417 |
| Williamson County FM/Rd | County | 0.0443% | $185 |
| Upper Brushy Creek WCID | Water | 0.0170% | $71 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.5273% | $6,367 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $330,286 would pay approximately $2,062 per month (principal and interest only, excluding taxes and insurance).