Franklin County Property Taxes
The median property tax rate in Franklin County is 1.44%, which is significantly higher than the national median of 0.99% but lower than the Texas state median of 1.67%. With a median home value of $201,820 in Franklin County, the typical annual property tax bill reaches $2,446, which is below the national median of $2,690. Property taxes in Franklin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Franklin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Mount Vernon or another part of Franklin County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Franklin County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.67%
Estimate Property Tax Bill
$3,340
Ownwell’s Franklin County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Franklin County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Franklin County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Franklin County, Texas
Property taxes in Franklin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Franklin County is 1.44%, which is higher than both the Texas state median of 1.8% and the U.S. national median of 0.99%. Local government entities within Franklin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Franklin County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Scroggins has one of the higher property tax rates in Texas at 1.44%, while the city of Saltillo boasts one of the lowest at 0.81%. Analyzing how Franklin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Franklin County Tax Rate
1.44%
Average Texas Tax Rate
1.67%
Average United States Tax Rate
0.99%
Property Tax Rates Across Franklin County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mount Pleasant | 0.45% | 0.80% | 1.02% | 1.14% | 1.44% |
| Mount Vernon | 0.84% | 1.07% | 1.44% | 1.44% | 1.98% |
| Mt Vernon | 0.34% | 0.52% | 1.44% | 1.44% | 1.44% |
| Saltillo | 0.17% | 0.61% | 0.81% | 1.28% | 1.44% |
| Scroggins | 0.89% | 1.19% | 1.44% | 1.44% | 1.44% |
| Sulphur Bluff | 0.53% | 0.77% | 0.95% | 1.25% | 1.25% |
| Talco | 0.51% | 0.80% | 1.02% | 1.44% | 1.44% |
| Winnsboro | 0.75% | 0.99% | 1.41% | 1.44% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Franklin County, Texas
In Franklin County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Franklin County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Franklin County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Scroggins has the highest median tax bill at $4,371, while Mt. Vernon has the lowest at $483. Being aware of these valuation processes in Franklin County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Franklin County Assessed Value
$201,820
Average Texas Assessed Value
$247,950
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Franklin County, Texas
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mount Pleasant | $92,091 | $134,925 | $240,920 | $344,878 | $558,170 |
| Mount Vernon | $50,848 | $102,575 | $196,555 | $353,972 | $704,401 |
| Mt Vernon | $12,908 | $29,958 | $48,175 | $85,272 | $153,561 |
| Saltillo | $71,343 | $176,788 | $236,700 | $362,325 | $491,422 |
| Scroggins | $58,028 | $158,502 | $351,645 | $694,050 | $1,002,944 |
| Sulphur Bluff | $51,966 | $89,160 | $108,715 | $185,202 | $328,293 |
| Talco | $46,468 | $79,140 | $151,360 | $267,155 | $434,384 |
| Winnsboro | $17,680 | $66,248 | $138,140 | $239,578 | $464,700 |
Source: Ownwell
Property Tax Bills Across Franklin County, Texas
In Franklin County, TX, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county appraisal district and reflects the market value of the property. Homeowners in Franklin County face varying tax bills depending on their property's assessed value. For example, the median home price in the county is $201,820. Several factors influence the final tax bill, including property location and any applicable exemptions. Tax bills can range significantly, with the 25th percentile at $1,133 and the 75th percentile reaching $4,902. The highest median tax bill in the county is in Scroggins at $4,371, whereas the lowest is in Mt. Vernon at $483. These property taxes fund essential public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Franklin County homeowners may find their rates to be higher or lower depending on their specific circumstances.
Average Franklin County Tax Bill
$2,446
Average Texas Tax Bill
$3,971
Average United States Tax Bill
$2,690
Property Tax Bills Across Franklin County, Texas
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Mount Pleasant | $742 | $1,331 | $2,212 | $3,149 | $4,697 |
| Mount Vernon | $616 | $1,224 | $2,476 | $4,476 | $9,422 |
| Mt Vernon | $48 | $305 | $483 | $859 | $907 |
| Saltillo | $567 | $1,028 | $1,790 | $3,489 | $4,433 |
| Scroggins | $641 | $1,652 | $4,371 | $9,427 | $13,938 |
| Sulphur Bluff | $427 | $701 | $1,150 | $2,065 | $2,658 |
| Talco | $462 | $768 | $1,378 | $2,492 | $3,798 |
| Winnsboro | $236 | $781 | $1,706 | $3,135 | $4,854 |
Source: Ownwell
Don't miss the deadline to protest!
Dates | |
|---|---|
| Appeal Deadline | May 15 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | November 30 |
| Due Date #2 | June 30 |
Links | |
|---|---|
| Franklin Appraisal District | |
| Website | esearch.franklin-cad.org |