Franklin County, Missouri Property Taxes
Census Bureau ACS property tax data for Missouri. Population: 32,290.
The median annual property tax in Franklin County is $1,774, which is 48% higher than the Missouri state average and 8% below the national average. The effective tax rate is 0.83% on a median home value of $214,900. Property taxes represent 2.5% of the median household income in this county.
Median Annual Tax
$1,774
+48% vs State
-8% vs US
Median Home Value
$214,900
+32% vs State
+2% vs US
Effective Tax Rate
0.83%
+14% vs State
-13% vs US
With vs Without Mortgage
With Mortgage
$1,860
$155/mo
Without Mortgage
$1,596
$133/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 | $1,774 +4.5% | 0.83% |
| 2022 | $1,697 +8.2% | 0.84% |
| 2021 | $1,568 +5.1% | 0.89% |
| 2020 | $1,492 +1.9% | 0.87% |
| 2019 | $1,464 | 0.88% |
Tax Burden
Tax-to-Income Ratio
2.5%
of median household income
Median Income
$71,973
per year
Monthly Tax
$148
per month
Other Counties in Missouri
Sullivan County
Tax: $760/yr Rate: 0.74%
Buchanan County
Tax: $1,253/yr Rate: 0.80%
Hickory County
Tax: $581/yr Rate: 0.47%
Webster County
Tax: $1,181/yr Rate: 0.54%
Dallas County
Tax: $726/yr Rate: 0.48%
Shelby County
Tax: $772/yr Rate: 0.90%
Frequently Asked Questions
What is the average property tax in Franklin County, Missouri? ▼
The median annual property tax in Franklin County is $1,774 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.83% on a median home value of $214,900.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 8% below the national average of $1,923. The effective rate of 0.83% 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 $1,860 in annual property taxes, while homeowners without a mortgage pay $1,596. 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 $71,973. 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.