Franklin County, Illinois Property Taxes
Census Bureau ACS property tax data for Illinois. Population: 12,060.
The median annual property tax in Franklin County is $1,316, which is 53% lower than the Illinois state average and 32% below the national average. The effective tax rate is 1.50% on a median home value of $87,700. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$1,316
-53% vs State
-32% vs US
Median Home Value
$87,700
-40% vs State
-59% vs US
Effective Tax Rate
1.50%
-18% vs State
+58% vs US
With vs Without Mortgage
With Mortgage
$1,599
$133/mo
Without Mortgage
$1,143
$95/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 | $1,316 -0.3% | 1.50% |
| 2022 | $1,320 +5.8% | 1.51% |
| 2021 | $1,248 +1.5% | 1.58% |
| 2020 | $1,230 -1.0% | 1.60% |
| 2019 | $1,242 | 1.63% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$53,471
per year
Monthly Tax
$110
per month
Other Counties in Illinois
McHenry County
Tax: $7,153/yr Rate: 2.49%
Macon County
Tax: $2,560/yr Rate: 2.10%
Bond County
Tax: $2,612/yr Rate: 1.96%
Jefferson County
Tax: $2,026/yr Rate: 1.71%
Livingston County
Tax: $2,867/yr Rate: 2.18%
Saline County
Tax: $1,445/yr Rate: 1.56%
Frequently Asked Questions
What is the average property tax in Franklin County, Illinois? ▼
The median annual property tax in Franklin County is $1,316 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.50% on a median home value of $87,700.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 32% below the national average of $1,923. The effective rate of 1.50% 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 $1,599 in annual property taxes, while homeowners without a mortgage pay $1,143. 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 $53,471. 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.