Franklin, Monroe County, Alabama Property Taxes
Median Franklin, Alabama effective property tax rate: 0.31%, significantly lower than the national median of 1.02% and also lower than the Alabama state median of 0.47%.
Median Franklin, Alabama home value: $74,545
Median annual Franklin, Alabama tax bill: $246, $2,154 lower than the national median property tax bill of $2,400.
How are property taxes in Monroe calculated?
Property taxes in Franklin, Alabama 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, Monroe County, Alabama Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.31%
Estimate Property Tax Bill
$231
$214
Property Tax Rates Across Franklin, Monroe County, Alabama
Local government entities determine tax rates, which can vary significantly within a state. This is because each year, counties estimate the budget necessary to provide services and divide it by the total value of all taxable property in their jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Franklin, located in Monroe County, Alabama, the effective property tax rate is notably lower than the national median of 1.02%. This makes Franklin an appealing location for property owners seeking to minimize their tax burden. Compared to other cities in Alabama, Franklin's tax rate is competitive, offering residents a financial advantage. With the national median property tax bill at $2400, Franklin's lower rates can result in significant savings for homeowners. This favorable tax environment is a key consideration for potential property buyers and current homeowners alike, making it an attractive option for those looking to make the most of their investment.
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
0.31%
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 Monroe County Tax Rate
0.31%
Median Effective Alabama Tax Rate
0.47%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36444 | 0.12% | 0.20% | 0.31% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Franklin, Monroe County, Alabama
When examining property taxes in Franklin, Alabama, 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 Monroe 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.
In Monroe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 $74,545, with tax bills ranging significantly across the county. Zip code 36444 has the highest median home price at $74,545.
Property Tax Assessment Values Across Franklin, Monroe County, Alabama
Source: Ownwell
$45,635
$111,830
$178,025
Median Franklin Market Value
$74,545
Median Monroe County Market Value
$87,150
Median Alabama Market Value
$149,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklin, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36444 | $32,610 | $44,288 | $74,545 | $117,040 | $172,745 |
Source: Ownwell
Property Tax Bills Across Franklin, Monroe County, Alabama
Median Franklin Tax Bill
$246
Median Monroe County Tax Bill
$316
Median Alabama Tax Bill
$717
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin, Monroe County, Alabama
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 36444 | $61 | $133 | $246 | $363 | $588 |
Source: Ownwell