Franklin County, Mississippi Property Taxes
Census Bureau ACS property tax data for Mississippi. Population: 2,360.
The median annual property tax in Franklin County is $613, which is 34% lower than the Mississippi state average and 68% below the national average. The effective tax rate is 0.64% on a median home value of $95,100. Property taxes represent 1.3% of the median household income in this county.
Median Annual Tax
$613
-34% vs State
-68% vs US
Median Home Value
$95,100
-25% vs State
-55% vs US
Effective Tax Rate
0.64%
-14% vs State
-33% vs US
With vs Without Mortgage
With Mortgage
$845
$70/mo
Without Mortgage
$527
$44/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 | $613 +11.5% | 0.64% |
| 2022 | $550 -1.1% | 0.57% |
| 2021 | $556 +10.5% | 0.65% |
| 2020 | $503 +20.0% | 0.62% |
| 2019 | $419 | 0.55% |
Tax Burden
Tax-to-Income Ratio
1.3%
of median household income
Median Income
$45,618
per year
Monthly Tax
$51
per month
Other Counties in Mississippi
Union County
Tax: $917/yr Rate: 0.58%
Simpson County
Tax: $671/yr Rate: 0.60%
Pike County
Tax: $1,027/yr Rate: 0.93%
Yazoo County
Tax: $1,150/yr Rate: 0.89%
Winston County
Tax: $785/yr Rate: 0.65%
Warren County
Tax: $1,234/yr Rate: 0.85%
Frequently Asked Questions
What is the average property tax in Franklin County, Mississippi? ▼
The median annual property tax in Franklin County is $613 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.64% on a median home value of $95,100.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 68% below the national average of $1,923. The effective rate of 0.64% 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 $845 in annual property taxes, while homeowners without a mortgage pay $527. 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 1.3% of the median household income of $45,618. 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.