Franklin County, Indiana Property Taxes
Median Franklin County effective property tax rate: 0.79%, significantly lower than the national median of 1.02%.
Median Franklin County home value: $167,400
Median annual Franklin County tax bill: $1,329, $1,071 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 Brookville or another part of Franklin County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Franklin County, Indiana Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.79%
Estimate Property Tax Bill
$1,322
$1,227
Property Tax Rates Across Franklin County, Indiana
Local government entities set tax rates, which can vary widely within a state. This variation is largely due to each county's annual budgetary needs. Each year, counties estimate the budget required to provide services and divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Franklin County, the effective property tax rate is lower than the national median, reflecting a more favorable tax environment for property owners. Within the county, the highest median tax rate is found in Brookville, while New Trenton enjoys the lowest. Property owners in Franklin County benefit from these variations, as they can compare the effective property tax rate to other counties in Indiana or the U.S. median property tax rate. This comparison helps property owners understand their tax obligations better and highlights the advantages of owning property in this region.
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
0.79%
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 Indiana Tax Rate
0.99%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | 0.55% | 0.65% | 0.80% | 0.90% | 1.19% |
| Bath | 0.51% | 0.68% | 0.84% | 1.38% | 1.60% |
| Brookville | 0.50% | 0.67% | 0.87% | 1.39% | 1.72% |
| Cedar Grove | 0.47% | 0.61% | 0.74% | 1.24% | 1.33% |
| Connersville | 0.48% | 0.61% | 0.78% | 1.28% | 1.44% |
| Greensburg | 0.42% | 0.57% | 0.69% | 1.19% | 1.28% |
| Laurel | 0.39% | 0.54% | 0.73% | 1.41% | 1.81% |
| Liberty | 0.49% | 0.66% | 0.76% | 1.46% | 1.58% |
| Metamora | 0.40% | 0.55% | 0.71% | 1.27% | 1.50% |
| New Trenton | 0.36% | 0.53% | 0.60% | 1.26% | 1.32% |
| Oldenburg | 0.49% | 0.60% | 0.70% | 0.85% | 1.42% |
| Rushville | 0.32% | 0.44% | 0.73% | 1.43% | 1.52% |
| Sunman | 0.36% | 0.56% | 0.64% | 0.90% | 1.28% |
| West College Corner | 0.51% | 0.68% | 0.73% | 0.79% | 1.20% |
| West Harrison | 0.56% | 0.66% | 0.74% | 0.87% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Franklin County, Indiana
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 $1,437, with tax bills ranging significantly across the county. West Harrison has the highest median home price at $262,200.
Property Tax Assessment Values Across Franklin County, Indiana
Source: Ownwell
$95,750
$178,975
$262,200
Median Franklin County Market Value
$167,400
Median Indiana Market Value
$170,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklin County, Indiana
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | $145,300 | $187,700 | $260,600 | $347,300 | $457,900 |
| Bath | $50,990 | $83,400 | $137,700 | $216,625 | $357,010 |
| Brookville | $19,490 | $73,100 | $146,050 | $221,200 | $308,110 |
| Cedar Grove | $65,560 | $124,900 | $182,700 | $265,225 | $369,860 |
| Connersville | $70,200 | $130,400 | $173,800 | $210,150 | $240,100 |
| Greensburg | $94,580 | $132,550 | $209,700 | $285,000 | $406,110 |
| Laurel | $37,620 | $67,800 | $111,300 | $162,300 | $229,980 |
| Liberty | $18,020 | $44,700 | $109,600 | $180,500 | $222,120 |
| Metamora | $50,180 | $88,550 | $131,450 | $189,875 | $264,960 |
| New Trenton | $76,400 | $102,700 | $128,800 | $157,500 | $189,860 |
| Oldenburg | $99,920 | $159,775 | $215,150 | $290,375 | $431,570 |
| Rushville | $35,480 | $59,650 | $95,750 | $151,225 | $207,830 |
| Sunman | $101,420 | $151,075 | $204,900 | $266,850 | $359,400 |
| West College Corner | $110,800 | $132,700 | $191,000 | $245,700 | $264,600 |
| West Harrison | $109,320 | $178,600 | $262,200 | $361,900 | $451,920 |
Source: Ownwell
Property Tax Bills Across Franklin County, Indiana
Median Franklin County Tax Bill
$1,329
Median Indiana Tax Bill
$1,691
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin County, Indiana
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Batesville | $836 | $1,356 | $2,072 | $2,941 | $4,140 |
| Bath | $420 | $718 | $1,239 | $2,132 | $4,268 |
| Brookville | $262 | $505 | $1,194 | $1,983 | $2,915 |
| Cedar Grove | $427 | $842 | $1,449 | $2,288 | $3,921 |
| Connersville | $487 | $802 | $1,275 | $1,972 | $2,588 |
| Greensburg | $512 | $845 | $1,537 | $2,340 | $3,616 |
| Laurel | $225 | $450 | $870 | $1,444 | $2,200 |
| Liberty | $277 | $545 | $992 | $1,546 | $1,710 |
| Metamora | $308 | $577 | $999 | $1,633 | $2,359 |
| New Trenton | $285 | $513 | $899 | $1,325 | $1,920 |
| Oldenburg | $604 | $1,064 | $1,614 | $2,506 | $3,415 |
| Rushville | $200 | $363 | $746 | $1,430 | $2,673 |
| Sunman | $514 | $813 | $1,350 | $2,045 | $2,796 |
| West College Corner | $636 | $905 | $1,352 | $1,909 | $2,501 |
| West Harrison | $693 | $1,236 | $1,987 | $2,874 | $3,855 |
Source: Ownwell