Franklin County, Iowa Property Taxes
Census Bureau ACS property tax data for Iowa. Population: 2,961.
The median annual property tax in Franklin County is $1,597, which is 26% lower than the Iowa state average and 17% below the national average. The effective tax rate is 1.35% on a median home value of $118,500. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$1,597
-26% vs State
-17% vs US
Median Home Value
$118,500
-26% vs State
-44% vs US
Effective Tax Rate
1.35%
+1% vs State
+42% vs US
With vs Without Mortgage
With Mortgage
$1,651
$138/mo
Without Mortgage
$1,528
$127/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 | $1,597 +8.1% | 1.35% |
| 2022 | $1,478 +7.2% | 1.37% |
| 2021 | $1,379 +1.2% | 1.46% |
| 2020 | $1,362 +1.6% | 1.46% |
| 2019 | $1,341 | 1.43% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$63,648
per year
Monthly Tax
$133
per month
Other Counties in Iowa
Polk County
Tax: $4,364/yr Rate: 1.76%
Cass County
Tax: $1,904/yr Rate: 1.43%
Dickinson County
Tax: $2,458/yr Rate: 0.98%
Montgomery County
Tax: $1,968/yr Rate: 1.79%
Worth County
Tax: $1,530/yr Rate: 1.08%
Buena Vista County
Tax: $1,822/yr Rate: 1.24%
Frequently Asked Questions
What is the average property tax in Franklin County, Iowa? ▼
The median annual property tax in Franklin County is $1,597 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 1.35% on a median home value of $118,500.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 17% below the national average of $1,923. The effective rate of 1.35% 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 $1,651 in annual property taxes, while homeowners without a mortgage pay $1,528. 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 $63,648. 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.