Home and mortgage

Franklin County, VA Property Tax Calculator

Franklin County homeowners pay a median $1,196 a year in property tax, 0.50% of a median $240,400 home: below Virginia's 0.73% and the national 0.94%.

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Property tax a year$1,197The answer

Property tax a year

$1,197

At an effective rate of 0.50%, a $240,400 home pays about $1,197 a year in property tax, $100 a month.

A month (for escrow)
$100
Effective rate on the home
0.50%

Property tax in Franklin County by home value, at 0.50%

Home valueA yearA month
$120,000$598$50
$180,000$896$75
$240,000$1,195$100
$360,000$1,793$149
$480,000$2,390$199

Franklin County against Virginia and the US

Effective rateMedian taxMedian home valueMedian household income
Franklin County0.50%$1,196$240,400$68,849
Virginia0.73%$2,790$383,700$93,170
United States0.94%$3,119$332,700$80,734

How this calculator works

Median real estate taxes paid ÷ median home value in Franklin County, from the Census Bureau's American Community Survey 2020–2024 5-year estimates. The calculator starts at the county's median home value and rate.

Questions people ask

What is the property tax rate in Franklin County?

The effective rate is 0.50%: a median $1,196 a year on a median $240,400 home. That's the 31st highest of the 36 Virginia counties we cover.

How much is property tax on a $400,000 house in Franklin County?

About $1,992 a year, $166 a month, at the county's effective rate, before any exemption.

How does Franklin County compare with the rest of Virginia?

Its rate is below the state's 0.73%. Across Virginia, covered counties range from 0.43% to 1.04%.

How do I lower my Franklin County property tax?

Apply for every exemption you qualify for, such as a homestead exemption, and appeal your assessment if it is higher than comparable homes sold nearby; the county assessor explains the deadlines.

Other Virginia counties

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Sources

Updated by the RateHerald team. The maths is tested against worked examples; report a problem.