Franklin County, Arkansas Property Taxes
Census Bureau ACS property tax data for Arkansas. Population: 5,092.
The median annual property tax in Franklin County is $598, which is 15% lower than the Arkansas state average and 69% below the national average. The effective tax rate is 0.50% on a median home value of $118,800. Property taxes represent 1.2% of the median household income in this county.
Median Annual Tax
$598
-15% vs State
-69% vs US
Median Home Value
$118,800
-10% vs State
-44% vs US
Effective Tax Rate
0.50%
-6% vs State
-47% vs US
With vs Without Mortgage
With Mortgage
$764
$64/mo
Without Mortgage
$538
$45/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 | $598 -1.6% | 0.50% |
| 2022 | $608 +6.7% | 0.52% |
| 2021 | $570 +7.5% | 0.57% |
| 2020 | $530 -6.4% | 0.55% |
| 2019 | $566 | 0.56% |
Tax Burden
Tax-to-Income Ratio
1.2%
of median household income
Median Income
$51,919
per year
Monthly Tax
$50
per month
Other Counties in Arkansas
Fulton County
Tax: $494/yr Rate: 0.46%
Cleburne County
Tax: $814/yr Rate: 0.47%
Lincoln County
Tax: $572/yr Rate: 0.54%
Cross County
Tax: $574/yr Rate: 0.55%
Conway County
Tax: $718/yr Rate: 0.52%
Crawford County
Tax: $904/yr Rate: 0.53%
Frequently Asked Questions
What is the average property tax in Franklin County, Arkansas? ▼
The median annual property tax in Franklin County is $598 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.50% on a median home value of $118,800.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 69% below the national average of $1,923. The effective rate of 0.50% 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 $764 in annual property taxes, while homeowners without a mortgage pay $538. 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 1.2% of the median household income of $51,919. 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.