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Franklin County, Florida Property Taxes

  • Median Franklin County effective property tax rate: 0.87%, significantly lower than the national median of 1.02%.

  • Median Franklin County home value: $239,550

  • Median annual Franklin County tax bill: $2,090, $310 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

Property taxes in Franklin County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Apalachicola or another part of Franklin County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Franklin County, Florida Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$2,084

$1,934

Ownwell’s Franklin County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Franklin County with just two data points. By entering your property's estimated assessed value, our calculator applies Franklin County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Franklin County, Florida

Local government entities determine tax rates, which can vary widely within Florida. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Franklin County's effective property tax rate to other counties in Florida or the U.S. median property tax rate. Franklin County has a median property tax rate of 0.87%, which is below the national median of 1.02%. Within the county, Timber Island has the highest median property tax rate at 1.48%, while Apalachicola boasts the lowest at 0.74%. These rates highlight the variance in property taxes even within a single county, offering opportunities for potential savings through strategic property tax appeals and exemptions.

Property Tax Rates Across Franklin County, Florida

Source: Ownwell

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0.74%

0.95%

1.15%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Franklin County Tax Rate

0.87%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Florida Tax Rate

1.14%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Franklin County, Florida

City10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
Alligator Point0.94%1.04%1.15%1.15%1.15%
Apalachicola0.18%0.38%0.74%1.31%1.61%
Carrabelle0.26%0.56%0.93%1.32%1.59%
Eastpoint0.30%0.56%0.81%0.93%1.01%
Lanark0.73%0.88%0.97%1.02%1.05%
Lanark Village0.21%0.87%0.98%1.00%1.05%
Panacea0.62%0.94%1.01%1.14%1.15%
Sopchoppy0.54%0.74%0.96%0.99%1.00%
St James0.91%0.91%0.97%1.00%1.00%
Timber Island1.24%1.30%1.48%1.51%1.70%
BristolN/AN/AN/AN/AN/A
Carrabelle BchN/AN/AN/AN/AN/A
CrawfordvilleN/AN/AN/AN/AN/A
Dog IslandN/AN/AN/AN/AN/A
Lanark BeachN/AN/AN/AN/AN/A
LeesburgN/AN/AN/AN/AN/A
Port Saint JoeN/AN/AN/AN/AN/A
Saint George IslandN/AN/AN/AN/AN/A
Saint TeresaN/AN/AN/AN/AN/A
Sopchoppy LoghouseN/AN/AN/AN/AN/A
St George IslN/AN/AN/AN/AN/A
St TeresaN/AN/AN/AN/AN/A
ThomasvilleN/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Assessment Values Across Franklin County, Florida

When examining property taxes in Franklin County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County Property Appraiser estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Franklin County. For example, the median tax bill in Franklin County is $2,400, with tax bills ranging significantly across the county. Eastpoint has the highest median home price at $555,827.

Property Tax Assessment Values Across Franklin County, Florida

Source: Ownwell

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$61,845

$308,836

$555,827

Median Franklin County Market Value

$239,550

Median Florida Market Value

$276,648

Median United States Market Value

$235,294

Property Tax Assessment Values Across Franklin County, Florida

City10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
Alligator Point$209,369$269,601$309,193$337,601$545,969
Apalachicola$63,304$107,038$190,710$300,714$445,292
Carrabelle$51,641$81,075$158,702$251,460$374,737
Eastpoint$77,944$215,010$555,827$960,357$1,602,105
Lanark$41,015$48,676$63,202$93,576$171,372
Lanark Village$39,834$50,308$61,845$80,589$110,675
Panacea$127,130$224,256$354,650$489,936$660,914
Sopchoppy$279,268$370,753$483,741$664,336$916,523
St James$140,201$199,691$201,401$281,737$281,737
Timber Island$157,276$181,676$187,276$240,676$240,676
BristolN/AN/AN/AN/AN/A
Carrabelle BchN/AN/AN/AN/AN/A
CrawfordvilleN/AN/AN/AN/AN/A
Dog IslandN/AN/AN/AN/AN/A
Lanark BeachN/AN/AN/AN/AN/A
LeesburgN/AN/AN/AN/AN/A
Port Saint JoeN/AN/AN/AN/AN/A
Saint George IslandN/AN/AN/AN/AN/A
Saint TeresaN/AN/AN/AN/AN/A
Sopchoppy LoghouseN/AN/AN/AN/AN/A
St George IslN/AN/AN/AN/AN/A
St TeresaN/AN/AN/AN/AN/A
ThomasvilleN/AN/AN/AN/AN/A

Source: Ownwell

Property Tax Bills Across Franklin County, Florida

In Franklin County, FL, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in the county is $239,550, which serves as a baseline for calculating property taxes. The tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Franklin County can expect a wide range of tax bills, with the 25th percentile at $730 and the 75th percentile reaching $4,471. For those in the 90th percentile, tax bills can soar to $8,051. Notably, Eastpoint has the highest median tax bill in the county at $4,194, while Lanark Village enjoys the lowest at $530. Compared to the national median property tax bill of $2,400, Franklin County's tax bills can be significantly higher or lower, depending on the location and home value. These variations impact homeowners' financial planning and highlight the importance of understanding local tax assessments.

Property Tax Bills Across Franklin County, Florida

Source: Ownwell

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$530

$2,362

$4,194

Median Franklin County Tax Bill

$2,090

Median Florida Tax Bill

$2,953

Median United States Tax Bill

$2,400

Property Tax Bills Across Franklin County, Florida

City10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
Alligator Point$1,845$2,656$3,113$3,875$5,911
Apalachicola$212$518$1,306$2,854$4,914
Carrabelle$269$558$1,245$2,438$3,777
Eastpoint$365$1,444$4,194$7,741$12,878
Lanark$291$415$619$795$1,865
Lanark Village$167$400$530$692$940
Panacea$938$1,987$3,410$4,809$6,616
Sopchoppy$1,749$2,895$4,146$6,077$7,546
St James$1,381$1,838$1,979$2,677$2,724
Timber Island$2,376$2,504$2,736$2,987$3,047
BristolN/AN/AN/AN/AN/A
Carrabelle BchN/AN/AN/AN/AN/A
CrawfordvilleN/AN/AN/AN/AN/A
Dog IslandN/AN/AN/AN/AN/A
Lanark BeachN/AN/AN/AN/AN/A
LeesburgN/AN/AN/AN/AN/A
Port Saint JoeN/AN/AN/AN/AN/A
Saint George IslandN/AN/AN/AN/AN/A
Saint TeresaN/AN/AN/AN/AN/A
Sopchoppy LoghouseN/AN/AN/AN/AN/A
St George IslN/AN/AN/AN/AN/A
St TeresaN/AN/AN/AN/AN/A
ThomasvilleN/AN/AN/AN/AN/A

Source: Ownwell

Find your City

A

Alligator PointApalachicola

C

Carrabelle

E

Eastpoint

L

LanarkLanark Village

P

Panacea

S

SopchoppySt James

T

Timber Island