Franklin County Property Taxes
The median property tax rate in Franklin County is 2.37%, which is significantly higher than both the national median of 0.99% and the Illinois state median of 2.35%. With the median home value in Franklin County, the typical annual property tax bill reaches $1,464, which is lower than the national median of $2,690. Property taxes in Franklin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Franklin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Benton or another part of Franklin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Franklin County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$4,700
Ownwell’s Franklin County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Franklin County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Franklin County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Franklin County, Illinois
Property taxes in Franklin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Franklin County is 2.37%, which is significantly higher than both the Illinois state median and the U.S. national median of 0.99%. Local government entities within Franklin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Franklin County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Christopher has one of the higher property tax rates in Illinois at 3.07%, while the city of Coello boasts one of the lowest at 1.19%. Analyzing how Franklin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Franklin County Tax Rate
2.37%
Average Illinois Tax Rate
2.35%
Average United States Tax Rate
0.99%
Property Tax Rates Across Franklin County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | 1.19% | 1.99% | 2.66% | 3.25% | 3.34% |
| Buckner | 0.82% | 2.10% | 2.23% | 2.23% | 2.26% |
| Christopher | 1.21% | 2.35% | 3.07% | 3.07% | 3.07% |
| Coello | 0.35% | 0.66% | 1.19% | 1.71% | 2.03% |
| Elkville | 1.55% | 1.56% | 1.56% | 1.60% | 1.65% |
| Ewing | 1.82% | 2.52% | 2.91% | 3.48% | 4.38% |
| Logan | 0.25% | 0.82% | 2.39% | 2.70% | 3.06% |
| Macedonia | 1.22% | 2.02% | 2.59% | 3.16% | 4.17% |
| Mulkeytown | 0.91% | 1.45% | 1.95% | 2.33% | 3.16% |
| Orient | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% |
| Royalton | 0.72% | 1.61% | 1.91% | 2.25% | 2.43% |
| Scheller | 1.41% | 1.83% | 2.26% | 2.72% | 3.26% |
| Sesser | 0.89% | 1.81% | 2.30% | 2.88% | 3.15% |
| Thompsonville | 1.03% | 1.59% | 2.27% | 2.62% | 3.38% |
| Valier | 1.65% | 1.86% | 2.20% | 2.37% | 2.48% |
| West Frankfort | 1.03% | 1.80% | 2.39% | 3.25% | 3.32% |
| Whittington | 0.61% | 2.11% | 2.68% | 2.96% | 3.40% |
| Zeigler | 1.08% | 1.58% | 3.05% | 3.05% | 3.05% |
Source: Ownwell
Property Tax Assessment Values Across Franklin County, Illinois
In Franklin County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Franklin County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Franklin County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Franklin County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Franklin County, the city with the highest median tax bill is Ewing at $3,054, while Coello has the lowest median tax bill at $394.
Average Franklin County Assessed Value
$55,530
Average Illinois Assessed Value
$194,700
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Franklin County, Illinois
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | $7,392 | $28,320 | $60,585 | $114,915 | $181,026 |
| Buckner | $3,954 | $7,448 | $35,865 | $95,130 | $183,690 |
| Christopher | $1,665 | $10,118 | $25,350 | $45,728 | $81,180 |
| Coello | $8,820 | $17,235 | $31,260 | $32,242 | $32,832 |
| Elkville | $46,161 | $56,070 | $73,732 | $93,720 | $107,814 |
| Ewing | $4,098 | $40,800 | $98,475 | $159,900 | $203,850 |
| Logan | $3,063 | $5,936 | $30,262 | $62,426 | $90,951 |
| Macedonia | $15,390 | $35,820 | $62,775 | $115,845 | $158,940 |
| Mulkeytown | $6,732 | $31,620 | $61,065 | $110,280 | $151,923 |
| Orient | $2,724 | $4,860 | $17,325 | $26,460 | $35,112 |
| Royalton | $12,908 | $35,486 | $68,055 | $123,292 | $198,338 |
| Scheller | $23,664 | $57,345 | $74,325 | $107,025 | $121,098 |
| Sesser | $4,080 | $24,146 | $61,485 | $107,554 | $158,110 |
| Thompsonville | $9,111 | $30,270 | $62,970 | $110,955 | $170,034 |
| Valier | $2,007 | $2,520 | $15,082 | $39,810 | $62,220 |
| West Frankfort | $7,368 | $29,415 | $47,325 | $92,730 | $157,416 |
| Whittington | $23,364 | $50,542 | $82,995 | $138,262 | $164,334 |
| Zeigler | $4,476 | $6,548 | $18,570 | $36,915 | $44,331 |
Source: Ownwell
Property Tax Bills Across Franklin County, Illinois
In Franklin County, IL, property tax bills are calculated based on the assessed value of a property, which is typically a fraction of its market value. Local tax authorities determine the assessed value, and various factors such as property type, size, and location play a crucial role in this assessment. The tax rate, applied to the assessed value, is influenced by the county's budgetary needs and voter-approved levies. For homeowners, this means that their property tax bill can vary significantly. For instance, the median home price in Franklin County is $55,530, and tax bills can range widely. At the 25th percentile, homeowners might pay around $719, while those at the 75th percentile could see bills as high as $2,613. The 90th percentile tax bill can reach up to $4,241. The highest median tax bill in the county is $3,054 in Ewing, while Coello has the lowest at $394. Comparatively, the national median property tax rate stands at 0.99%, illustrating the variability within the county itself.
Average Franklin County Tax Bill
$1,464
Average Illinois Tax Bill
$4,715
Average United States Tax Bill
$2,690
Property Tax Bills Across Franklin County, Illinois
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Benton | $369 | $897 | $1,800 | $3,049 | $4,797 |
| Buckner | $126 | $398 | $825 | $2,224 | $4,465 |
| Christopher | $154 | $444 | $787 | $1,504 | $2,193 |
| Coello | $114 | $219 | $394 | $569 | $674 |
| Elkville | $723 | $876 | $1,204 | $1,536 | $1,697 |
| Ewing | $518 | $1,869 | $3,054 | $4,909 | $6,517 |
| Logan | $23 | $85 | $597 | $1,578 | $1,953 |
| Macedonia | $294 | $935 | $1,782 | $3,227 | $4,997 |
| Mulkeytown | $238 | $604 | $1,262 | $2,251 | $3,353 |
| Orient | $108 | $216 | $560 | $673 | $788 |
| Royalton | $193 | $611 | $1,332 | $2,725 | $3,982 |
| Scheller | $672 | $1,077 | $1,653 | $2,550 | $3,509 |
| Sesser | $227 | $748 | $1,549 | $2,699 | $3,791 |
| Thompsonville | $241 | $721 | $1,451 | $2,573 | $4,128 |
| Valier | $169 | $367 | $697 | $931 | $1,071 |
| West Frankfort | $241 | $688 | $1,317 | $2,113 | $3,568 |
| Whittington | $333 | $1,317 | $2,284 | $3,927 | $5,462 |
| Zeigler | $101 | $175 | $527 | $964 | $1,319 |
Source: Ownwell