Franklin County, Iowa Property Taxes
Median Franklin County effective property tax rate: 1.64%, significantly higher than the national median of 1.02%.
Median Franklin County home value: $103,400
Median annual Franklin County tax bill: $1,653, $747 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 Hampton or another part of Franklin County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Franklin County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.64%
Estimate Property Tax Bill
$1,696
$1,574
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, Iowa
Local government entities are responsible for setting tax rates, which can vary significantly within Iowa. This variation is due to each county's annual process of estimating its required budget for services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially how it works each year.
Franklin County's effective property tax rate stands out when compared to other counties in Iowa and the U.S. median property tax rate of 1.02%. With a median property tax rate of 1.64%, Franklin County's rate is higher than the national median. Furthermore, within Franklin County, Hampton has the highest median tax rate at 1.82%, while Chapin has the lowest at 1.07%. This range underscores the diversity in property tax rates even within the same county, highlighting the importance of understanding local tax dynamics.
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
1.64%
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 Iowa Tax Rate
1.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | 0.98% | 1.09% | 1.25% | 1.49% | 1.69% |
| Alden | 1.04% | 1.09% | 1.19% | 1.35% | 1.52% |
| Alexander | 0.98% | 1.10% | 1.32% | 1.59% | 1.65% |
| Aredale | 1.00% | 1.03% | 1.18% | 1.32% | 1.53% |
| Bradford | 0.96% | 1.15% | 1.31% | 1.51% | 1.65% |
| Chapin | 0.78% | 0.93% | 1.07% | 1.18% | 1.29% |
| Coulter | 1.43% | 1.63% | 1.78% | 1.98% | 2.08% |
| Dougherty | 1.02% | 1.08% | 1.15% | 1.25% | 1.45% |
| Dows | 1.02% | 1.15% | 1.35% | 1.66% | 1.92% |
| Dumont | 1.08% | 1.16% | 1.27% | 1.40% | 1.66% |
| Geneva | 1.07% | 1.18% | 1.47% | 1.81% | 2.00% |
| Hampton | 1.23% | 1.46% | 1.82% | 2.05% | 2.18% |
| Iowa Falls | 1.01% | 1.10% | 1.21% | 1.42% | 1.73% |
| Latimer | 1.01% | 1.22% | 1.45% | 1.63% | 1.69% |
| Meservey | 0.97% | 1.02% | 1.12% | 1.26% | 1.30% |
| Popejoy | 1.25% | 1.40% | 1.63% | 1.77% | 2.00% |
| Rowan | N/A | N/A | N/A | N/A | N/A |
| Sheffield | 1.11% | 1.41% | 1.67% | 1.78% | 1.83% |
| Thornton | 1.02% | 1.06% | 1.22% | 1.37% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Franklin County, Iowa
Median Franklin County Market Value
$103,400
Median Iowa Market Value
$167,100
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklin County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | $39,830 | $84,100 | $144,750 | $205,950 | $304,570 |
| Alden | $50,670 | $108,700 | $144,800 | $233,975 | $311,260 |
| Alexander | $20,210 | $43,475 | $88,000 | $185,900 | $257,000 |
| Aredale | $25,830 | $72,750 | $96,950 | $131,600 | $193,770 |
| Bradford | $4,790 | $21,900 | $42,600 | $64,375 | $83,440 |
| Chapin | $4,760 | $21,750 | $42,200 | $62,100 | $87,500 |
| Coulter | $15,780 | $34,550 | $54,400 | $74,950 | $100,540 |
| Dougherty | $96,540 | $135,000 | $205,100 | $299,600 | $389,260 |
| Dows | $4,400 | $37,600 | $94,500 | $174,800 | $261,900 |
| Dumont | $62,240 | $83,900 | $148,800 | $259,700 | $312,660 |
| Geneva | $15,720 | $44,400 | $79,800 | $169,000 | $254,300 |
| Hampton | $35,910 | $60,125 | $98,950 | $160,175 | $245,190 |
| Iowa Falls | $64,550 | $112,475 | $158,800 | $206,925 | $265,500 |
| Latimer | $44,060 | $71,300 | $106,900 | $157,400 | $201,100 |
| Meservey | $134,000 | $169,900 | $206,600 | $248,900 | $324,600 |
| Popejoy | $3,630 | $7,450 | $22,450 | $43,700 | $70,550 |
| Rowan | N/A | N/A | N/A | N/A | N/A |
| Sheffield | $42,600 | $81,850 | $123,800 | $175,750 | $246,600 |
| Thornton | $79,900 | $99,250 | $157,400 | $203,750 | $241,100 |
Source: Ownwell
Property Tax Bills Across Franklin County, Iowa
Median Franklin County Tax Bill
$1,653
Median Iowa Tax Bill
$2,508
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | $419 | $1,143 | $1,743 | $2,617 | $3,535 |
| Alden | $638 | $1,200 | $1,748 | $2,852 | $3,762 |
| Alexander | $205 | $615 | $1,083 | $2,272 | $3,344 |
| Aredale | $277 | $790 | $1,102 | $1,554 | $2,677 |
| Bradford | $73 | $262 | $518 | $856 | $1,125 |
| Chapin | $41 | $162 | $466 | $610 | $891 |
| Coulter | $259 | $604 | $970 | $1,316 | $1,844 |
| Dougherty | $1,279 | $1,591 | $2,538 | $3,395 | $4,818 |
| Dows | $76 | $420 | $1,237 | $2,331 | $3,477 |
| Dumont | $771 | $1,166 | $1,664 | $3,430 | $4,382 |
| Geneva | $265 | $702 | $1,216 | $2,058 | $3,167 |
| Hampton | $581 | $1,100 | $1,762 | $2,627 | $3,747 |
| Iowa Falls | $852 | $1,378 | $2,061 | $2,623 | $3,315 |
| Latimer | $607 | $995 | $1,516 | $2,233 | $2,801 |
| Meservey | $256 | $1,798 | $2,374 | $2,997 | $3,629 |
| Popejoy | $53 | $94 | $364 | $697 | $1,002 |
| Rowan | N/A | N/A | N/A | N/A | N/A |
| Sheffield | $611 | $1,252 | $1,948 | $2,680 | $3,705 |
| Thornton | $636 | $1,292 | $1,958 | $2,518 | $3,228 |
Source: Ownwell