Franklin County, Idaho Property Taxes

Name: Property Tax Bills Across Franklin County, Idaho
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Franklin County effective property tax rate: 0.43%, significantly lower than the national median of 1.02%.
Median Franklin County home value: $317,415
Median annual Franklin County tax bill: $1,363, $1,037 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 Preston or another part of Franklin County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Franklin County, Idaho Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.43%

Estimate Property Tax Bill

$1,365

$1,267

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, Idaho

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county calculates its necessary budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process. Comparing Franklin County's effective property tax rate to other counties in Idaho or the U.S. median property tax rate highlights these variations. Franklin County's median property tax rate is notably lower than the national median of 1.02%. In fact, the highest median tax rate in Franklin County is 0.44% in Preston, which is still significantly below the national median. Meanwhile, Franklin itself has a rate of 0.43%, showcasing the county's relatively low property tax burden. This comparison underscores the importance of understanding local tax rates and their impact on property owners.

Property Tax Rates Across Franklin County, Idaho

Source: Ownwell

0.36%

0.40%

0.44%

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

0.43%

Median Effective Idaho Tax Rate

0.50%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Franklin County, Idaho

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Clifton	0.32%	0.36%	0.39%	0.48%	0.67%
Dayton	0.33%	0.34%	0.36%	0.40%	0.59%
Franklin	0.36%	0.38%	0.43%	0.48%	0.84%
Grace	N/A	N/A	N/A	N/A	N/A
Preston	0.35%	0.37%	0.44%	0.51%	0.84%
Thatcher	0.37%	0.40%	0.44%	0.46%	0.71%
Weston	0.32%	0.33%	0.37%	0.42%	0.62%

Source: Ownwell

Property Tax Assessment Values Across Franklin County, Idaho

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 Assessor's Office 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 $1,554.00, with tax bills ranging significantly across the county. Preston has the highest median home price at $322,820.00.

Property Tax Assessment Values Across Franklin County, Idaho

Source: Ownwell

$290,393

$306,607

$322,820

Median Franklin County Market Value

$317,415

Median Idaho Market Value

$374,698

Median United States Market Value

$235,294

Property Tax Assessment Values Across Franklin County, Idaho

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Clifton	$134,948	$195,405	$290,922	$372,019	$491,635
Dayton	$164,695	$215,612	$304,659	$394,620	$463,232
Franklin	$89,770	$218,504	$317,710	$412,068	$505,470
Grace	N/A	N/A	N/A	N/A	N/A
Preston	$167,767	$242,061	$322,820	$411,121	$512,926
Thatcher	$230,231	$255,074	$317,254	$430,918	$551,232
Weston	$153,691	$219,970	$299,394	$391,443	$483,114

Source: Ownwell

Property Tax Bills Across Franklin County, Idaho

In Franklin County, ID, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, size, and condition. The county's tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Franklin County experience a range of property tax bills. For instance, the 25th percentile tax bill is $961, while the 75th percentile reaches $1,841, and the 90th percentile climbs to $2,392. Comparatively, the national median property tax bill is $2,400, indicating that many residents here pay less than the national average. However, some homeowners in cities like Thatcher face higher median tax bills, with the highest being $1,554. Conversely, Clifton residents enjoy lower median tax bills, with the lowest at $1,104. These variations highlight how location and property characteristics can significantly impact the financial obligations of homeowners in the area.

Property Tax Bills Across Franklin County, Idaho

Source: Ownwell

$1,101

$1,328

$1,554

Median Franklin County Tax Bill

$1,363

Median Idaho Tax Bill

$1,894

Median United States Tax Bill

$2,400

Property Tax Bills Across Franklin County, Idaho

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Clifton	$603	$833	$1,104	$1,506	$2,129
Dayton	$609	$797	$1,153	$1,447	$1,830
Franklin	$430	$909	$1,381	$1,804	$2,187
Grace	N/A	N/A	N/A	N/A	N/A
Preston	$691	$1,003	$1,427	$1,921	$2,463
Thatcher	$908	$1,078	$1,554	$2,193	$2,640
Weston	$623	$835	$1,157	$1,480	$1,890

Source: Ownwell