Franklin County, Florida 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 Florida or the U.S. median of 1.02%.

Franklin County's median effective rate stands at 0.82%, which is lower than the national median of 1.02%. Within Franklin County, the highest rate is found in Timber Island at 1.58%, while Apalachicola has the lowest at 0.74%.

These variations reflect differences in local school district levies, Municipal Service Benefit Units (MSBUs) assessments, and special district bonds — which compound the base county rate.

Property tax bills in Franklin County, Florida are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the bill can change when home values rise or fall, even if the homeowner does not make any major changes to the property. Local taxing authorities then use that assessed value to determine how much tax is owed.

Several factors can affect the final bill, including the home’s location, its market value, and any exemptions or local tax rates that apply. In Franklin County, the spread in tax bills is wide: the 25th percentile tax bill is $820, while the 75th percentile is $4,838. The 90th percentile reaches $8,737, showing how much bills can vary across homeowners.

For comparison, the highest median tax bill is $4,541 in Alligator Point, while the lowest median tax bill is $621 in Lanark Village. For homeowners, this can mean a property tax bill that is manageable for one household but much higher for another, depending on value and location.