Franklin County, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 17,922.
The median annual property tax in Franklin County is $1,188, which is 39% lower than the Virginia state average and 38% below the national average. The effective tax rate is 0.53% on a median home value of $222,800. Property taxes represent 1.7% of the median household income in this county.
Median Annual Tax
$1,188
-39% vs State
-38% vs US
Median Home Value
$222,800
-20% vs State
+5% vs US
Effective Tax Rate
0.53%
-21% vs State
-44% vs US
With vs Without Mortgage
With Mortgage
$1,270
$106/mo
Without Mortgage
$1,103
$92/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 | $1,188 -0.2% | 0.53% |
| 2022 | $1,190 +7.3% | 0.57% |
| 2021 | $1,109 +6.0% | 0.61% |
| 2020 | $1,046 +3.3% | 0.60% |
| 2019 | $1,013 | 0.57% |
Tax Burden
Tax-to-Income Ratio
1.7%
of median household income
Median Income
$68,348
per year
Monthly Tax
$99
per month
Other Counties in Virginia
Accomack County
Tax: $962/yr Rate: 0.50%
Emporia city
Tax: $990/yr Rate: 0.76%
Lee County
Tax: $586/yr Rate: 0.59%
Goochland County
Tax: $2,418/yr Rate: 0.50%
Tazewell County
Tax: $718/yr Rate: 0.62%
James City County
Tax: $2,786/yr Rate: 0.66%
Frequently Asked Questions
What is the average property tax in Franklin County, Virginia? ▼
The median annual property tax in Franklin County is $1,188 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.53% on a median home value of $222,800.
How does Franklin County property tax compare to the national average? ▼
Property taxes in Franklin County are 38% below the national average of $1,923. The effective rate of 0.53% 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 $1,270 in annual property taxes, while homeowners without a mortgage pay $1,103. 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 1.7% of the median household income of $68,348. 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.