Franklin County, Kentucky Property Taxes
Census Bureau ACS property tax data for Kentucky. Population: 14,514.
The median annual property tax in Franklin County is $1,672, which is 53% higher than the Kentucky state average and 13% below the national average. The effective tax rate is 0.84% on a median home value of $198,700. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$1,672
+53% vs State
-13% vs US
Median Home Value
$198,700
+32% vs State
-6% vs US
Effective Tax Rate
0.84%
+17% vs State
-12% vs US
With vs Without Mortgage
With Mortgage
$1,857
$155/mo
Without Mortgage
$1,364
$114/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 | $1,672 +4.2% | 0.84% |
| 2022 | $1,605 +9.9% | 0.87% |
| 2021 | $1,460 +3.9% | 0.94% |
| 2020 | $1,405 +2.9% | 0.94% |
| 2019 | $1,366 | 0.96% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$66,470
per year
Monthly Tax
$139
per month
Other Counties in Kentucky
Jefferson County
Tax: $2,023/yr Rate: 0.85%
Owen County
Tax: $1,231/yr Rate: 0.75%
Ohio County
Tax: $695/yr Rate: 0.61%
Todd County
Tax: $870/yr Rate: 0.55%
Woodford County
Tax: $2,003/yr Rate: 0.74%
Bell County
Tax: $617/yr Rate: 0.74%
Frequently Asked Questions
What is the average property tax in Franklin County, Kentucky? ▼
The median annual property tax in Franklin County is $1,672 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.84% on a median home value of $198,700.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 13% below the national average of $1,923. The effective rate of 0.84% 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 $1,857 in annual property taxes, while homeowners without a mortgage pay $1,364. 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 $66,470. 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.