Franklin, Delaware County, New York Property Taxes

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

Median Franklin, NY effective property tax rate: 2.62%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Franklin, NY home value: $128,723
Median annual Franklin, NY tax bill: $3,388, $988 higher than the national median property tax bill of $2,400.

How are property taxes in Delaware calculated?

Property taxes in Franklin, NY 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 Franklin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Franklin, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Franklin, Delaware County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.62%

Estimate Property Tax Bill

$3,373

$3,130

Ownwell’s Franklin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Franklin with just two data points. By entering your property's estimated assessed value, our calculator applies Franklin’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 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 Delaware County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Franklin, Delaware County, New York

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county estimates the budget required to provide essential services and then divides this figure by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While voting and legislation play roles in establishing these rates and budgets, this is the essence of the annual process.

In Franklin, located in Delaware County, New York, the effective property tax rate stands at 2.62%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Franklin's property tax rate to other cities in New York, it is evident that Franklin shares the same rate as the highest and lowest in the state, highlighting a uniformity in tax rates within certain areas. Understanding these rates is crucial for property owners who wish to manage their expenses and explore potential tax appeal or exemption opportunities. By doing so, residents can ensure they are not overpaying on their property taxes and can potentially save money.

Property Tax Rates Across Franklin, Delaware County, New York

Source: Ownwell

1.53%

3.61%

5.69%

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 Tax Rate

2.62%

Median Effective Delaware County Tax Rate

2.34%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Franklin, Delaware County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13775	2.34%	2.56%	2.62%	2.62%	2.90%

Source: Ownwell

Property Tax Assessment Values Across Franklin, Delaware County, New York

When examining property taxes in Franklin, NY, 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 Delaware County appraisal district 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 Delaware County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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. For example, the median home price in Franklin is $128,723, with tax bills ranging significantly across the county. 13775 has the highest median home price at $128,723.

Property Tax Assessment Values Across Franklin, Delaware County, New York

Source: Ownwell

$40,850

$151,075

$261,300

Median Franklin Market Value

$128,723

Median Delaware County Market Value

$129,271

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Franklin, Delaware County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13775	$47,872	$90,426	$128,723	$180,851	$265,957

Source: Ownwell

Property Tax Bills Across Franklin, Delaware County, New York

In Franklin, located in Delaware County, NY, 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 like location, size, and market trends. Homeowners in Franklin face a median property tax bill of $3,388, which is notably higher than the national median of $2,400. This can be attributed to the area's tax rate and property values. Tax bills in Franklin range from $2,370 at the 25th percentile to $6,777 at the 90th percentile, indicating a significant variation based on property characteristics and assessed values. Ownwell assists homeowners by reviewing their property assessments and identifying opportunities for appeals or exemptions. By leveraging our expertise, homeowners can potentially reduce their tax burden, ensuring they pay only their fair share. This can result in substantial savings, providing financial relief and peace of mind for property owners in Franklin.

Property Tax Bills Across Franklin, Delaware County, New York

Source: Ownwell

$1,582

$3,293

$5,003

Median Franklin Tax Bill

$3,388

Median Delaware County Tax Bill

$3,106

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Franklin, Delaware County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13775	$1,218	$2,370	$3,388	$4,740	$6,777

Source: Ownwell