Virginia · County property tax · ACS 2024
Franklin city Property Taxes
The median homeowner in Franklin city pays $1,821 a year, an effective rate of 0.71%, modestly below the U.S. average.
- $1,821
- Median tax / yr · Above-median bill
- 0.71%
- Effective rate · Below-median rate
- -9%
- vs U.S. average
- #45 of 133
- rank in VA
The verdict
Homeowners in Franklin city pay a median $1,821 a year in property tax, an effective rate of 0.71%, more affordable than 58% of U.S. counties (Census ACS 2024).
- $1,821
- Median annual tax bill, 2024
- 0.71%
- Effective rate on median home
- #1302 of 3135
- U.S. counties by tax burden
- -9%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($256,600). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Virginia. Population: 8,250. Owner-occupied homes: 1,861.
The median annual property tax in Franklin city is $1,821, which is 35% lower than the Virginia state average and 9% below the national average. The effective tax rate is 0.71% on a median home value of $256,600. Property taxes represent 2.9% of the median household income in this county.
Franklin city's rate standing among U.S. counties
Primary signal
The effective rate sits near the national middle
Franklin city's 0.71% effective rate sits near the middle of 3,135 tracked counties (more affordable than 58%).
Decision signal 2
The bill sits below the Virginia median
Homeowners in Franklin city pay a median annual property tax of $1,821, modestly below the national median and well below the Virginia state median. On a $256,600 median home, that works out to an effective rate of 0.71% once the local assessment base and millage are combined.
Decision signal 3
Near the middle of Virginia counties by effective rate
Franklin city ranks #45 of 133 counties in Virginia by effective rate (66% of in-state counties pay a lower rate).
Decision signal 4
The latest release moved the bill up
Since 2023, the published ACS median estimate has climbed 8.6%, from $1,677 to $1,821. This compares two release estimates; it does not identify a local policy, assessment, exemption, or household-bill cause.
Decision signal 5
Income and the tax bill sit in the middle band
Property taxes in Franklin city run within the commonly cited 2%-4% national benchmark, at about 2.9% of the $63,245 median household income.
Informational notice
Figures describe the median homeowner household in Franklin city as reported to the Census Bureau; your parcel can differ. Not tax, legal, or financial advice: check the county assessor or a qualified professional before decisions that depend on these numbers.
How to read this county's bill
The bill here climbed steeply over 2020-2024, up 41% from $1,289 to $1,821. These ACS medians describe the reported change; they do not identify whether a levy, assessment, home value, or change in the responding households caused it.
The fullest band here is the $800 to $1,499 range, holding 540 of 1,861 owner-occupied homes (29.0%). The band shows where the largest share of reported owner-occupied households falls; it is not an individual-bill estimate.
Both figures cluster near the middle of the national range, and the median bill comes to 2.9% of median household income. Counties like this are the reason a national average exists at all, and also the reason it explains so little.
The share above is the median annual bill divided by median household income, a ratio of two county-level medians rather than a household-by-household figure.
What Franklin city Homeowners Actually Pay
The single largest group of Franklin city homeowners, 540 of 1,861 owner-occupied homes (29.0%), pays $800 to $1,499 a year. The median is one point in this spread, not a typical bill.
- Less than $800 14.5% (269)
- $800 to $1,499 29.0% (540)
- $1,500 to $1,999 8.3% (154)
- $2,000 to $2,999 24.1% (449)
- $3,000 or more 21.7% (404)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
45 homes here (2.4%) report no real estate tax at all. Exemptions are set by state: how Virginia handles assessments and appeals.
With vs Without Mortgage
Mortgaged homeowners in Franklin city pay a substantially higher bill, 45% more, pointing to a wide home-value gap between the two groups.
Franklin city's effective rate vs peers
Effective property tax rate (median tax ÷ median home value), ACS 2024.
Franklin city's effective rate is higher than 66% of the 133 counties in Virginia - ranking #45 of 133.
Where Franklin city sits among every U.S. county
Effective property tax rate (median tax ÷ median home value)
0.71% more affordable than 58% of 3,135 U.S. counties
Show national distribution
Each bar is a band; taller bars hold more U.S. counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2024
What changed since 2020
The median bill in Franklin city moved from $1,289 in the 2020 release to $1,821 in 2024, a change of about 41%. These are American Community Survey 5-year estimates compared across releases that share only one sample year, which is why this page never compares consecutive releases: those overlap in four years of the same households and move mostly on sampling.
Franklin city vs Benchmarks
| Metric | Franklin city | Virginia Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Above-median bill | |||
| Effective Tax Rate Below-median rate | |||
| Median Home Value | |||
| Tax as % of income Above-median income burden | 2.9% | - | - |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Franklin city is UNDER · MID on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · Virginia counties.
Franklin city rate trail · UNDER
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $1,821 +8.6% | 0.71% |
| 2023 | $1,677 +14.5% | 0.74% |
| 2022 | $1,465 +3.0% | 0.74% |
| 2021 | $1,422 +10.3% | 0.80% |
| 2020 | $1,289 | 0.72% |
Each row is a separate ACS 5-year release, and consecutive releases share four of their five survey years. The percentage beside each bill is therefore movement in the published estimate against the previous release, not a single year's tax change. The two releases largely describe the same households. For change over time, compare releases that do not overlap.
Franklin city: tax-to-income at 2.9%
Counties near Franklin city's effective rate
On effective rate, Franklin city sits nearest Lake County (OR), Creek County (OK), Warren County (NC).
On published median-tax change, the nearest matches are Barbour County (AL), Fannin County (TX), Colbert County (AL).
How peers are chosen
These are the nearest cross-state matches in the published Census data, not neighboring counties or recommendations. Peers are rebuilt with each data release; see the calculation method.
Similar effective rates
Similar published median-tax changes, 2020–2024
Franklin city: only 5% of returns show Schedule A real-estate tax
Tax year 2022: 190 of 3,710 returns from Franklin city reported real estate taxes, averaging $2,821 - 37% of those reporters sat in the $100-200k AGI band.
What this IRS county file does not say
Amounts are reported before the SALT cap, not deducted; the share is of filers, not homeowners. Source: IRS SOI county data, tax year 2022.
Other Counties in Virginia
Franklin city rate FAQs
- What is the average property tax in Franklin city, Virginia?
- The median annual property tax in Franklin city is $1,821, an effective rate of 0.71% on a $256,600 median home (Census ACS, 2024).
- How does Franklin city property tax compare to the national average?
- Property taxes in Franklin city run modestly below the national median of $1,993, an effective rate of 0.71% versus 0.92% nationally.
- What is the tax affordability score for Franklin city?
- Franklin city, Virginia scores D (41/100) on PlainPropertyTax's tax affordability composite across 5 Census ACS dimensions (effective rate, bill size, income share, mortgage gap, and home-value/income). Its strongest scored dimension here is rate relief at C (0.71%). The score compares published county medians to U.S. percentiles, it is not a personal bill and not advice to buy, sell, appeal, or relocate.
- Are property taxes increasing in Franklin city?
- The ACS median property-tax bill for Franklin city is recorded at $1,821 in the 2024 5-year release against $1,289 in 2020. That is a large swing, and it should be read as movement in a survey estimate rather than as a tax change: the median here rests on about 1,861 owner-occupied homes, and swings above 50% are roughly twelve times more common in the smallest counties than in the largest. Treat the two figures as imprecise and check the county assessor for actual rate changes.
- What percentage of income goes to property taxes in Franklin city?
- Property taxes in Franklin city run within the commonly cited 2%-4% national benchmark, at about 2.9% of the $63,245 median household income.
What to do with Franklin city's UNDER rate
Inside Virginia, Franklin city's $1,821 median bill runs low versus the state median - check peer counties before assuming the lowest bill is the best move. Virginia overview →
Franklin city ranks #45 of 133 Virginia counties by effective rate - on the higher-burden half of the state ACS set. Virginia overview →
Nationwide peers by effective rate (then bill)
Rate-first peers for Franklin city's UNDER effective rate, then a disjoint out-of-state bill set so the two neighborhoods stay distinct.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.71%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $1,821/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Franklin city
Nearest ABS(median_tax) ACS peers for Franklin city (UNDER · MID), replacing the old fixed Keep exploring strip.
UNDER MID
Benton County, AR
ABS(median_tax) peer · $1,823/yr (near-tied bill ABS $2); rate 0.56% vs Franklin city 0.71%.
Haralson County, GA
ABS(median_tax) peer · $1,823/yr (near-tied bill ABS $2); rate 0.80% vs Franklin city 0.71%.
Warren County, VA
ABS(median_tax) peer · $1,819/yr (near-tied bill ABS $2); rate 0.52% vs Franklin city 0.71%.
Jefferson County, ID
ABS(median_tax) peer · $1,824/yr (near-tied bill ABS $3); rate 0.45% vs Franklin city 0.71%.
Virginia county set
State ACS overview for every published Virginia county rate and median bill.
Assessment cycle basics
Franklin city stamps UNDER · MID - how assessed value and millage become the ACS median bill.
Data vintage and method
Data as of 2024. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates.
Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.
Source: U.S. Census Bureau American Community Survey 5-Year Estimates, county median real-estate taxes · 2024 Franklin city (UNDER · MID) - ACS medians, not a parcel bill.