Franklin County, Georgia Property Taxes
The median property tax rate in Franklin County is 1.03%, which is slightly higher than the national median of 0.99% but lower than the Georgia state median of 1.08%. With a median home value of $136,560, the typical annual property tax bill in Franklin County amounts to $1,238, which is considerably less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like 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 a city like Carnesville or another part of Franklin County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Franklin County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,407
$1,305
Ownwell’s Franklin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Franklin with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Franklin 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’s 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, Georgia
Property taxes in Franklin play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Franklin is 1.03%, which is higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Franklin set these rates annually, and they can vary significantly between different areas within the county. Each year, Franklin 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. The following data compares Franklin's effective property tax rate with other counties in Georgia and the national median. For comparison, the city of Franklin Springs has one of the higher property tax rates in Georgia at 1.05%, while the city of Homer boasts one of the lowest at 0.42%. Analyzing how Franklin's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Franklin County Tax Rate
1.03%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Franklin County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canon | 0.48% | 0.75% | 1.01% | 1.03% | 1.07% |
| Carnesville | 0.47% | 0.74% | 1.00% | 1.03% | 1.03% |
| Commerce | 0.52% | 0.80% | 1.01% | 1.03% | 1.03% |
| Danielsville | 0.51% | 0.83% | 1.01% | 1.03% | 1.03% |
| Eastanollee | 0.42% | 0.67% | 0.93% | 1.03% | 1.03% |
| Franklin Springs | N/A | N/A | N/A | N/A | N/A |
| Homer | N/A | N/A | N/A | N/A | N/A |
| Lavonia | 0.70% | 0.96% | 1.03% | 1.03% | 1.44% |
| Martin | 0.51% | 0.79% | 1.01% | 1.03% | 1.03% |
| Royston | 0.53% | 0.83% | 1.03% | 1.07% | 1.07% |
| Toccoa | 0.44% | 0.74% | 0.97% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Franklin County, Georgia
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. For instance, homeowners in Homer face the highest median tax bill at $5,867, while those in Toccoa see the lowest at $857.
Property Tax Assessment Values Across Franklin County, Georgia
Source: Ownwell
$97,612
$132,215
$166,817
Average Franklin County Assessed Value
$136,560
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Franklin County, Georgia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canon | $15,160 | $37,918 | $97,612 | $188,314 | $307,058 |
| Carnesville | $31,940 | $73,888 | $149,224 | $237,884 | $369,818 |
| Commerce | $25,977 | $47,377 | $120,374 | $224,415 | $338,477 |
| Danielsville | $71,032 | $87,402 | $166,817 | $313,855 | $439,765 |
| Eastanollee | $25,401 | $79,753 | $163,832 | $265,371 | $406,384 |
| Franklin Springs | N/A | N/A | N/A | N/A | N/A |
| Homer | N/A | N/A | N/A | N/A | N/A |
| Lavonia | $26,475 | $73,206 | $151,395 | $265,974 | $397,770 |
| Martin | $25,869 | $53,387 | $136,010 | $241,080 | $390,827 |
| Royston | $28,018 | $64,728 | $125,651 | $202,809 | $286,243 |
| Toccoa | $21,525 | $39,076 | $103,625 | $213,459 | $339,493 |
Source: Ownwell
Property Tax Bills Across Franklin County, Georgia
In Franklin County, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Franklin County face a median property tax bill that varies significantly depending on the value of their property. For instance, the 25th percentile tax bill is approximately $505, while the 75th percentile tax bill can reach up to $2,148. At the higher end, the 90th percentile tax bill is about $3,237. These figures indicate a wide range of property tax obligations, reflecting the diversity in property values within the county. Compared to the national median property tax rate of 0.99%, Franklin County's tax rates can be seen as moderate. However, the financial impact on homeowners can still be substantial, particularly for those with higher-valued properties. For example, in the nearby city of Homer, the highest median tax bill reaches $5,867, while in Toccoa, the lowest median tax bill is $857. These variations highlight the importance of understanding local property tax assessments and their potential impact on household budgets.
Average Franklin County Tax Bill
$1,238
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Franklin County, Georgia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canon | $141 | $296 | $865 | $1,626 | $2,454 |
| Carnesville | $253 | $559 | $1,296 | $2,048 | $2,950 |
| Commerce | $193 | $399 | $1,039 | $1,842 | $2,925 |
| Danielsville | $656 | $876 | $1,634 | $2,854 | $3,648 |
| Eastanollee | $217 | $572 | $1,421 | $2,367 | $2,926 |
| Franklin Springs | N/A | N/A | N/A | N/A | N/A |
| Homer | N/A | N/A | N/A | N/A | N/A |
| Lavonia | $240 | $672 | $1,562 | $2,703 | $4,003 |
| Martin | $211 | $432 | $1,172 | $2,085 | $3,420 |
| Royston | $242 | $520 | $1,147 | $1,882 | $2,736 |
| Toccoa | $197 | $320 | $857 | $1,632 | $2,619 |
Source: Ownwell