Franklin County, Florida Property Taxes
Census Bureau ACS property tax data for Florida. Population: 3,798.
The median annual property tax in Franklin County is $1,572, which is 17% lower than the Florida state average and 18% below the national average. The effective tax rate is 0.62% on a median home value of $254,300. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$1,572
-17% vs State
-18% vs US
Median Home Value
$254,300
-1% vs State
+20% vs US
Effective Tax Rate
0.62%
-15% vs State
-35% vs US
With vs Without Mortgage
With Mortgage
$1,619
$135/mo
Without Mortgage
$1,535
$128/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $1,572 +25.7% | 0.62% |
| 2022 | $1,251 +2.7% | 0.53% |
| 2021 | $1,218 -3.4% | 0.61% |
| 2020 | $1,261 +27.0% | 0.65% |
| 2019 | $993 | 0.60% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$62,734
per year
Monthly Tax
$131
per month
Other Counties in Florida
Broward County
Tax: $3,610/yr Rate: 0.95%
Jackson County
Tax: $625/yr Rate: 0.55%
Seminole County
Tax: $2,493/yr Rate: 0.70%
Collier County
Tax: $3,219/yr Rate: 0.66%
Hillsborough County
Tax: $2,787/yr Rate: 0.84%
Putnam County
Tax: $1,196/yr Rate: 0.81%
Frequently Asked Questions
What is the average property tax in Franklin County, Florida? ▼
The median annual property tax in Franklin County is $1,572 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.62% on a median home value of $254,300.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 18% below the national average of $1,923. The effective rate of 0.62% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Franklin County? ▼
In Franklin County, homeowners with a mortgage pay a median of $1,619 in annual property taxes, while homeowners without a mortgage pay $1,535. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Franklin County? ▼
Property taxes in Franklin County represent approximately 2.5% of the median household income of $62,734. The national benchmark is generally 2-4% of household income.
Explore More Data
Data 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.