Mississippi · County property tax · ACS 2024
Franklin County Property Taxes
The median homeowner in Franklin County pays $739 a year, an effective rate of 0.73%, far below the U.S. average.
- $739
- Median tax / yr · Low bill
- 0.73%
- Effective rate · Below-median rate
- -63%
- vs U.S. average
- #31 of 81
- rank in MS
The verdict
Homeowners in Franklin County pay a median $739 a year in property tax, an effective rate of 0.73%, more affordable than 56% of U.S. counties (Census ACS 2024).
- $739
- Median annual tax bill, 2024
- 0.73%
- Effective rate on median home
- #1364 of 3135
- U.S. counties by tax burden
- -63%
- vs the national average bill
Effective rate is the median property tax bill divided by the median home value ($101,900). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Mississippi. Population: 7,622. Owner-occupied homes: 2,511.
The median annual property tax in Franklin County is $739, which is 39% lower than the Mississippi state average and 63% below the national average. The effective tax rate is 0.73% on a median home value of $101,900. Property taxes represent 1.4% of the median household income in this county.
Why Franklin County's ACS bill runs light vs the U.S.
Primary signal
The bill sits well below the national median
Homeowners in Franklin County pay a median annual property tax of $739, far below the national median and well below the Mississippi state median. On a $101,900 median home, that works out to an effective rate of 0.73% once the local assessment base and millage are combined.
Decision signal 2
Income carries a light tax share
Property taxes in Franklin County run well below the commonly cited 2%-4% national benchmark, at about 1.4% of the $52,939 median household income.
Decision signal 3
The latest release moved the bill up
Since 2023, the published ACS median estimate has jumped 20.6%, from $613 to $739. This compares two release estimates; it does not identify a local policy, assessment, exemption, or household-bill cause.
Decision signal 4
Near the middle of Mississippi counties by effective rate
Franklin County ranks #31 of 81 counties in Mississippi by effective rate (62% of in-state counties pay a lower rate).
Decision signal 5
The effective rate sits near the national middle
Franklin County's 0.73% effective rate sits near the middle of 3,135 tracked counties (more affordable than 56%).
Informational notice
Figures describe the median homeowner household in Franklin County 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 47% from $503 to $739. 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 largest reported group here falls at the bottom of the national range: 876 of 2,511 owner-occupied homes (34.9%) report annual real-estate taxes under $800. This distribution describes reported owner-occupied homes, not an affordability judgment for any property.
Incomes here are in the lowest quarter nationally while the rate sits just below the middle, and the median bill lands at 1.4% of median household income. The rate reads as unremarkable in a national ranking; the earnings behind it are not, and the ratio above is where the two meet.
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.
Paying off the mortgage changes the picture here
38.6% of Franklin County homes owned free and clear (779 of 2,016) report no property tax at all, against 7.1% of homes still carrying a mortgage. A reported zero is not proof of an exemption: it can equally mean a bill paid by another party, or a reporting artefact. But a gap this size is where age- and disability-based relief usually shows up, because those programmes reach owners who have finished paying.
What Franklin County Homeowners Actually Pay
The single largest group of Franklin County homeowners, 876 of 2,511 owner-occupied homes (34.9%), pays less than $800 a year. The median is one point in this spread, not a typical bill.
- Less than $800 34.9% (876)
- $800 to $1,499 15.6% (392)
- $1,500 to $1,999 9.4% (237)
- $2,000 to $2,999 3.3% (83)
- $3,000 or more 4.3% (109)
Census ACS 2024, table B25102. Bands and the no-tax share sum to 100%.
814 homes here (32.4%) report no real estate tax at all, an unusually large share, high enough that the median bill above describes a minority of Franklin County homeowners. Exemptions are set by state: how Mississippi handles assessments and appeals.
With vs Without Mortgage
Mortgaged homeowners in Franklin County pay a substantially higher bill, 53% more, pointing to a wide home-value gap between the two groups.
Franklin County's bill vs state & U.S. medians
Median annual bill bars around Franklin County's LIGHT ACS 2024 figure.
Franklin County's median bill is 39% below the Mississippi median and 63% below the U.S. median.
What changed since 2020
The median bill in Franklin County moved from $503 in the 2020 release to $739 in 2024, a change of about 47%. 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 County vs Benchmarks
| Metric | Franklin County | Mississippi Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax Low bill | |||
| Effective Tax Rate Below-median rate | |||
| Median Home Value | |||
| Tax as % of income Light income burden | 1.4% | - | - |
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 County is UNDER · LIGHT on ACS medians, still verify your parcel card before quoting the county figure. Estimate appeal savings · Mississippi counties.
Franklin County bill trail · LIGHT
| Year | Median Tax (vs prior release) | Effective Rate |
|---|---|---|
| 2024 | $739 +20.6% | 0.73% |
| 2023 | $613 +11.5% | 0.64% |
| 2022 | $550 -1.1% | 0.57% |
| 2021 | $556 +10.5% | 0.65% |
| 2020 | $503 | 0.62% |
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 County: tax takes only 1.4% of income
Counties near Franklin County's median bill
On effective rate, Franklin County sits nearest Lake County (MN), Worcester County (MD), Montgomery County (KY).
On published median-tax change, the nearest matches are Carroll County (GA), Fremont County (CO), Broadwater County (MT).
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 County: only 3% of returns show Schedule A real-estate tax
Tax year 2022: 80 of 3,150 returns from Franklin County reported real estate taxes, averaging $1,975 - 63% 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 Mississippi
Franklin County bill FAQs
- How does Franklin County property tax compare to the national average?
- Property taxes in Franklin County run far below the national median of $1,993, an effective rate of 0.73% versus 0.92% nationally.
- Are property taxes increasing in Franklin County?
- The ACS median property-tax bill for Franklin County is recorded at $739 in the 2024 5-year release against $503 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 2,511 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 County?
- Property taxes in Franklin County run well below the commonly cited 2%-4% national benchmark, at about 1.4% of the $52,939 median household income.
- What is the tax affordability score for Franklin County?
- Franklin County, Mississippi scores B (74/100) 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 housing pressure at A+ (1.92×). 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.
- What is the average property tax in Franklin County, Mississippi?
- The median annual property tax in Franklin County is $739, an effective rate of 0.73% on a $101,900 median home (Census ACS, 2024).
What to do with Franklin County's LIGHT bill
Franklin County's $739 median bill sits well below the U.S. median - still size a parcel estimate; local millage and exemptions move the real bill. Estimate your bill →
Income burden is light here: about 1.4% of Franklin County's $52,939 median household income goes to the property-tax bill.
Nationwide peers by median bill (then rate)
Bill-first peers for Franklin County's LIGHT median, then a disjoint out-of-state rate set, not the same-state geography lattice.
Similar effective rate
Nearest out-of-state counties by ACS effective rate. This county: 0.73%.
Similar median bill
Nearest out-of-state counties by ACS median annual tax. This county: $739/yr. Rate peers are excluded so the two link sets stay distinct.
Read with Franklin County
Nearest ABS(median_tax) ACS peers for Franklin County (UNDER · LIGHT), replacing the old fixed Keep exploring strip.
UNDER LIGHT
Benton County, TN
ABS(median_tax) peer · $738/yr (near-tied bill ABS $1); rate 0.48% vs Franklin County 0.73%.
Douglas County, MO
ABS(median_tax) peer · $740/yr (near-tied bill ABS $1); rate 0.44% vs Franklin County 0.73%.
Quitman County, MS
ABS(median_tax) peer · $740/yr (near-tied bill ABS $1); rate 1.06% vs Franklin County 0.73%.
Jasper County, MS
ABS(median_tax) peer · $737/yr (near-tied bill ABS $2); rate 0.69% vs Franklin County 0.73%.
Mississippi county set
State ACS overview for every published Mississippi county rate and median bill.
Assessment cycle basics
Franklin County stamps UNDER · LIGHT - 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 County (UNDER · LIGHT) - ACS medians, not a parcel bill.