Franklin County, Arkansas Property Taxes

What Are Effective Property Tax Rates Across Franklin County?

Local government entities set tax rates, which vary widely across Franklin County. Each year, the county estimates its budget for public services and divides that total by the assessed value of all taxable property within its jurisdiction.

Below, compare Franklin County's effective property tax rate to other counties in Arkansas or the U.S. median of 1.02%.

Franklin County's median effective rate stands at 0.64%, which is lower than the national median of 1.02%. Within Franklin County, the highest rate is found in Charleston at 0.67%, while Ozark has the lowest at 0.64%.

These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.

Property tax bills in Franklin County are calculated from a home’s assessed value, not its market price alone. Local taxing authorities apply the county’s tax rate to that assessed value, which is based on how the property is classified and what it is worth for tax purposes. Factors such as the home’s location, size, condition, and any applicable exemptions can all influence the final bill.

For homeowners, this means two similar homes can receive different tax bills if their assessed values or tax treatments differ. In Franklin County, the median home price is $76,950, and property tax bills can vary widely, with the 25th percentile at $192, the 75th percentile at $839, and the 90th percentile at $1,400. That range shows how assessment differences can affect annual costs and household budgets.