Franklin, Macon County, North Carolina Property Taxes

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

Median FRANKLIN, NC effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median FRANKLIN, NC home value: $218,440
Median annual FRANKLIN, NC tax bill: $809, $1,591 lower than the national median property tax bill of $2,400.

How are property taxes in Macon calculated?

Property taxes in FRANKLIN, NC 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, Macon County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.38%

Estimate Property Tax Bill

$830

$770

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 Macon. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Franklin, Macon County, North Carolina

Local government entities determine tax rates, leading to significant variations within a state. This is because each county annually estimates its budget needs for essential services and divides this by the total value of all taxable properties in its area, creating the property tax rate. Although the process involves votes and regulations, this is the core mechanism.

Franklin, located in Macon County, NC, stands out with an effective property tax rate of 0.38%, which is notably lower than both the state and national averages. While the national median property tax rate is 1.02%, Franklin's rate offers a more affordable option for property owners in comparison. This lower rate can be a significant advantage for residents, potentially reducing the annual financial burden associated with property ownership.

Comparing Franklin's effective property tax rate to other cities in North Carolina and the broader U.S. highlights its competitiveness. This favorable tax environment may appeal to potential property buyers or investors seeking cost-effective locations. Understanding these differences can guide informed decisions about property investments in Franklin and beyond.

Property Tax Rates Across Franklin, Macon County, North Carolina

Source: Ownwell

0.34%

0.37%

0.39%

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

0.38%

Median Effective Macon County Tax Rate

0.38%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Franklin, Macon County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28734	0.34%	0.36%	0.38%	0.41%	0.46%

Source: Ownwell

Property Tax Assessment Values Across Franklin, Macon County, North Carolina

When examining property taxes in Franklin, NC, 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 Macon 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 Macon 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.

For example, the median home price in Franklin is $218,440, with tax bills ranging significantly across the county. The zip code 28734 has the highest median home price at $218,440.

Property Tax Assessment Values Across Franklin, Macon County, North Carolina

Source: Ownwell

$209,490

$474,985

$740,480

Median Franklin Market Value

$218,440

Median Macon County Market Value

$263,040

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Franklin, Macon County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28734	$87,020	$146,300	$218,440	$317,450	$451,888

Source: Ownwell

Property Tax Bills Across Franklin, Macon County, North Carolina

In Franklin, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. With a median home price of $218,440, homeowners in Franklin face property tax bills that can vary significantly, with the 25th percentile at $570 and the 75th percentile at $1,133. The 90th percentile reaches $1,568, which is still below the national median property tax bill of $2,400. These figures indicate that homeowners in Franklin generally experience lower property tax bills compared to the national average. However, property taxes can still represent a significant expense. Ownwell offers services to help homeowners in Franklin potentially reduce their property tax bills through appeals and exemptions. By analyzing property assessments and identifying discrepancies, Ownwell can assist in ensuring that homeowners are not overpaying, ultimately saving them money.

Property Tax Bills Across Franklin, Macon County, North Carolina

Source: Ownwell

$809

$1,667

$2,524

Median Franklin Tax Bill

$809

Median Macon County Tax Bill

$945

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Franklin, Macon County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28734	$368	$570	$809	$1,133	$1,568

Source: Ownwell