Franklin, Johnson County, Indiana Property Taxes

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Property Taxes in Franklin, Indiana

Median Franklin, Indiana effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, and slightly higher than the Indiana state median of 1.01%.
Median Franklin, Indiana home value: $212,700
Median annual Franklin, Indiana tax bill: $2,530, $130 higher than the national median property tax bill of $2,400.

How are property taxes in Johnson County calculated?

Property taxes in Franklin, Indiana 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 April 13, 2026

Franklin, Johnson County, Indiana Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$2,340

$2,171

How Does the Franklin Property Tax Calculator Work?

Use this Franklin property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Franklin's median effective tax rate of 1.10% — based on actual property records in Johnson County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Franklin's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Franklin: rates range from 2.53% in 46131 to 2.53% in 46131, primarily due to differences in school district levies and local assessment districts. Franklin's median effective tax rate is lower than Indiana's 1.01% state median tax rate, while the median property tax bill of $2,530 is $130 higher than the state median.

For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Franklin.

About Franklin Property Taxes

About Property Taxes in Franklin, Johnson, Indiana

Franklin’s median effective property tax rate of 1.10% is lower than the Indiana state median of 1.01% and higher than the national median of 1.02%. This rate reflects the Johnson County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.

Property tax rates are not uniform across Franklin. Homeowners in the 46131 ZIP code carry a median effective rate of 1.10%, while those in the lowest ZIP also pay 1.10%. This spread reflects how school district boundaries and local assessment districts are drawn across Johnson County. Understanding which part of Franklin you live in can make a meaningful difference to your annual tax bill.

Franklin homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 15, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

Property Tax Rates Across Franklin, Johnson County, Indiana

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.

While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Franklin's effective property tax rate to other cities in Indiana and the median property tax rates in Indiana and the U.S.

Property Tax Rates Across Franklin, Johnson County, Indiana

Source: Ownwell

0.87%

1.01%

1.16%

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

1.10%

Median Effective Johnson County Tax Rate

1.00%

Median Effective Indiana Tax Rate

1.01%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Franklin, Johnson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
46131	0.84%	1.04%	1.10%	1.13%	2.21%

Source: Ownwell

Property Tax Assessment Values Across Franklin, Johnson County, Indiana

When examining property taxes in Franklin, Indiana, 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 Johnson 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 Johnson 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. For example, the median home price in Franklin is $212,700, with tax bills ranging significantly across the county. 46131 has the highest median home price at $212,700.

Property Tax Assessment Values Across Franklin, Johnson County, Indiana

Source: Ownwell

$135,600

$250,550

$365,500

Median Franklin Market Value

$212,700

Median Johnson County Market Value

$247,400

Median Indiana Market Value

$186,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Franklin, Johnson County, Indiana

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
46131	$112,600	$162,200	$212,700	$276,400	$357,200

Source: Ownwell

Property Tax Bills Across Franklin, Johnson County, Indiana

Franklin property tax bills are based on the assessed value of a home and the local tax rate set by taxing authorities in Johnson County. When a home’s market value rises, the assessed value can increase too, which may lead to a higher tax bill. The bill is also shaped by local budgets and the services funded by property taxes, including schools, roads, and public safety.

For Franklin homeowners, the median home price is $212,700, and the median property tax bill is $2,530. That is above the national median property tax bill of $2,400, showing how local assessments can create a heavier tax burden even when home values are moderate.

Property tax bills can vary widely across the city. In Franklin, the 25th percentile tax bill is $1,836, while the 75th percentile is $3,452 and the 90th percentile reaches $4,710. This means homeowners with similar homes may still pay very different amounts depending on how their property is assessed and the tax rate applied.

Property Tax Bills Across Franklin, Johnson County, Indiana

Source: Ownwell

$1,720

$3,913

$6,106

Median Franklin Tax Bill

$2,530

Median Johnson County Tax Bill

$2,740

Median Indiana Tax Bill

$1,964

Median United States Tax Bill

$2,400

Property Tax Bills Across Franklin, Johnson County, Indiana

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
46131	$1,191	$1,836	$2,530	$3,452	$4,710

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	June 15

Links
Johnson Tax Assessor
Website	beacon.schneidercorp.com

Frequently Asked Property Tax Questions in Franklin, Indiana

How are property taxes calculated in Franklin, Indiana?

Property taxes in Franklin, Indiana are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.

How do I appeal my property taxes in Franklin, Indiana?

To appeal your property taxes in Franklin, Indiana, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.

What property tax exemptions are available in Franklin, Indiana?

Common property tax exemptions in Franklin, Indiana include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.

When are property taxes due in Franklin, Indiana?

Property tax deadlines in Franklin, Indiana vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.

How can Ownwell help reduce my property taxes in Franklin, Indiana?

Ownwell provides professional property tax appeal services in Franklin, Indiana. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.