Franklin County, Tennessee Property Taxes
Census Bureau ACS property tax data for Tennessee. Population: 13,059.
The median annual property tax in Franklin County is $1,218, which is 20% higher than the Tennessee state average and 37% below the national average. The effective tax rate is 0.56% on a median home value of $215,700. Property taxes represent 2.0% of the median household income in this county.
Median Annual Tax
$1,218
+20% vs State
-37% vs US
Median Home Value
$215,700
+7% vs State
+2% vs US
Effective Tax Rate
0.56%
+10% vs State
-41% vs US
With vs Without Mortgage
With Mortgage
$1,220
$102/mo
Without Mortgage
$1,217
$101/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 | $1,218 +5.5% | 0.56% |
| 2022 | $1,155 +10.5% | 0.60% |
| 2021 | $1,045 +6.7% | 0.65% |
| 2020 | $979 +2.4% | 0.67% |
| 2019 | $956 | 0.69% |
Tax Burden
Tax-to-Income Ratio
2.0%
of median household income
Median Income
$61,553
per year
Monthly Tax
$102
per month
Other Counties in Tennessee
Marshall County
Tax: $1,334/yr Rate: 0.54%
Unicoi County
Tax: $960/yr Rate: 0.57%
Morgan County
Tax: $837/yr Rate: 0.58%
Lewis County
Tax: $795/yr Rate: 0.50%
Marion County
Tax: $771/yr Rate: 0.44%
Hickman County
Tax: $1,089/yr Rate: 0.57%
Frequently Asked Questions
What is the average property tax in Franklin County, Tennessee? ▼
The median annual property tax in Franklin County is $1,218 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.56% on a median home value of $215,700.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 37% below the national average of $1,923. The effective rate of 0.56% 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 $1,220 in annual property taxes, while homeowners without a mortgage pay $1,217. 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 2.0% of the median household income of $61,553. 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.