Franklin County, North Carolina Property Taxes
Census Bureau ACS property tax data for North Carolina. Population: 21,438.
The median annual property tax in Franklin County is $1,732, which is 21% higher than the North Carolina state average and 10% below the national average. The effective tax rate is 0.72% on a median home value of $240,900. Property taxes represent 2.4% of the median household income in this county.
Median Annual Tax
$1,732
+21% vs State
-10% vs US
Median Home Value
$240,900
+12% vs State
+14% vs US
Effective Tax Rate
0.72%
+3% vs State
-24% vs US
With vs Without Mortgage
With Mortgage
$1,928
$161/mo
Without Mortgage
$1,312
$109/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 | $1,732 +5.9% | 0.72% |
| 2022 | $1,635 +11.6% | 0.78% |
| 2021 | $1,465 +3.0% | 0.84% |
| 2020 | $1,423 +2.6% | 0.88% |
| 2019 | $1,387 | 0.92% |
Tax Burden
Tax-to-Income Ratio
2.4%
of median household income
Median Income
$71,386
per year
Monthly Tax
$144
per month
Other Counties in North Carolina
Graham County
Tax: $842/yr Rate: 0.54%
Wayne County
Tax: $1,210/yr Rate: 0.74%
Mitchell County
Tax: $1,014/yr Rate: 0.50%
Wilson County
Tax: $1,428/yr Rate: 0.83%
Forsyth County
Tax: $1,934/yr Rate: 0.85%
Rowan County
Tax: $1,411/yr Rate: 0.65%
Frequently Asked Questions
What is the average property tax in Franklin County, North Carolina? ▼
The median annual property tax in Franklin County is $1,732 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.72% on a median home value of $240,900.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 10% below the national average of $1,923. The effective rate of 0.72% 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 $1,928 in annual property taxes, while homeowners without a mortgage pay $1,312. 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 2.4% of the median household income of $71,386. 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.