Franklin County, Iowa Property Taxes
Property Taxes in Franklin County, Iowa
Median Franklin County effective property tax rate: 1.49%, significantly higher than the national median of 1.02%.
Median Franklin County home value: $105,000
Median annual Franklin County tax bill: $1,507, lower than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Franklin County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Franklin or another part of Franklin County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Franklin County, Iowa Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.49%
Estimate Property Tax Bill
$1,565
$1,452
How Does the Franklin County Property Tax Calculator Work?
Use this Franklin County property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Franklin County's median effective tax rate of 1.49% to generate your estimate.
Enter your property's estimated assessed value — the figure the appraisal district assigns for tax purposes, which is typically lower than market value after applicable exemptions. Our calculator uses the median effective rate for a more accurate estimate than the statutory millage rate alone.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts (such as special assessment districts or improvement districts) that apply to your property. Franklin County's median property tax bill is $1,507, compared with the $2,400 national median property tax bill and 1.02% national median property tax rate.
For a more precise estimate, scroll down to explore city and ZIP code-level tax rate trends across Franklin County.
Property Tax Rates Across Franklin County, Iowa
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 Iowa or the U.S. median of 1.02%.
Franklin County's median effective rate stands at 1.49%, which is higher than the national median of 1.02%. Within Franklin County, the highest rate is found in COULTER at 2.01%, while CHAPIN has the lowest at 1.11%.
These variations reflect differences in local school district levies, special assessment districts assessments, and special district bonds — which compound the base county rate.
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 County Tax Rate
1.49%
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 Iowa Tax Rate
1.55%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | 1.03% | 1.16% | 1.24% | 1.47% | 1.75% |
| Alden | 1.14% | 1.19% | 1.26% | 1.39% | 1.58% |
| Alexander | 1.05% | 1.14% | 1.34% | 1.65% | 1.75% |
| Aredale | 0.99% | 1.12% | 1.15% | 1.27% | 1.54% |
| Bradford | 0.84% | 0.96% | 1.28% | 1.40% | 1.80% |
| Chapin | 0.84% | 0.98% | 1.11% | 1.19% | 1.20% |
| Coulter | 1.58% | 1.79% | 2.01% | 2.21% | 2.40% |
| Dougherty | 1.10% | 1.16% | 1.20% | 1.37% | 1.50% |
| Dows | 1.10% | 1.24% | 1.42% | 1.70% | 1.81% |
| Dumont | 1.10% | 1.17% | 1.26% | 1.44% | 1.47% |
| Geneva | 1.01% | 1.18% | 1.37% | 1.70% | 1.71% |
| Hampton | 1.16% | 1.29% | 1.53% | 1.74% | 1.74% |
| Iowa Falls | 1.12% | 1.17% | 1.26% | 1.45% | 1.60% |
| Latimer | 1.11% | 1.27% | 1.50% | 1.69% | 1.75% |
| Meservey | 1.10% | 1.13% | 1.20% | 1.35% | 1.40% |
| Popejoy | 1.19% | 1.40% | 1.66% | 1.75% | 1.95% |
| Sheffield | 1.14% | 1.35% | 1.51% | 1.66% | 1.66% |
| Thornton | 1.07% | 1.12% | 1.27% | 1.47% | 1.71% |
| Rowan | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Franklin County, Iowa
When examining property taxes in Franklin County, 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 Franklin County assessor 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 Franklin 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. The median tax bill in Franklin County is $1,507, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Tax bills range from $884 at the 25th percentile to $2,357 at the 75th percentile, and Dougherty has the highest median tax bill at $2,689.
Median Franklin County Market Value
$105,000
Median Iowa Market Value
$169,700
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklin County, Iowa
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | $40,200 | $86,500 | $143,500 | $206,000 | $305,200 |
| Alden | $50,100 | $108,500 | $148,300 | $235,700 | $337,500 |
| Alexander | $16,400 | $41,300 | $95,400 | $189,200 | $255,900 |
| Aredale | $25,830 | $72,825 | $104,900 | $139,250 | $193,770 |
| Bradford | $4,790 | $21,725 | $42,600 | $62,125 | $83,440 |
| Chapin | $4,800 | $21,550 | $40,700 | $60,350 | $73,120 |
| Coulter | $15,040 | $34,550 | $52,300 | $74,300 | $94,260 |
| Dougherty | $96,540 | $135,000 | $206,300 | $299,600 | $391,640 |
| Dows | $4,650 | $36,025 | $102,400 | $178,700 | $260,700 |
| Dumont | $71,680 | $85,550 | $152,650 | $256,850 | $313,490 |
| Geneva | $15,720 | $44,400 | $81,100 | $169,000 | $272,640 |
| Hampton | $35,840 | $60,600 | $100,000 | $160,900 | $249,860 |
| Iowa Falls | $64,100 | $111,400 | $160,500 | $206,800 | $267,600 |
| Latimer | $42,380 | $70,700 | $107,600 | $160,100 | $208,980 |
| Meservey | $134,000 | $169,900 | $206,600 | $248,900 | $342,000 |
| Popejoy | $3,030 | $7,450 | $23,100 | $43,525 | $68,870 |
| Sheffield | $43,760 | $83,300 | $126,800 | $176,650 | $249,920 |
| Thornton | $79,000 | $107,150 | $163,800 | $204,000 | $241,100 |
| Rowan | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Franklin County, Iowa
Property tax bills in Franklin County 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 depends not just on where a home is located, but also on how much the property is worth and how local taxing authorities set their rates.
For a county with a median home price of $105,000, property taxes can still vary widely from one homeowner to another. The 25th percentile tax bill is $884, while the 75th percentile is $2,357 and the 90th percentile reaches $3,428. In other words, two homes with similar market values may face very different tax bills depending on assessment details and local tax levies.
This system affects homeowners directly because a higher assessed value or a higher tax rate can increase annual housing costs. In Franklin County, that makes understanding how property taxes are calculated especially important for budgeting and for spotting whether a bill seems higher than expected.
Median Franklin County Tax Bill
$1,507
Median Iowa Tax Bill
$2,542
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin County, Iowa
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ackley | $486 | $1,120 | $1,843 | $2,736 | $3,734 |
| Alden | $592 | $1,327 | $1,866 | $2,958 | $4,472 |
| Alexander | $180 | $628 | $1,124 | $2,270 | $3,311 |
| Aredale | $270 | $803 | $1,190 | $1,609 | $2,765 |
| Bradford | $100 | $276 | $428 | $727 | $880 |
| Chapin | $49 | $138 | $483 | $613 | $780 |
| Coulter | $279 | $682 | $1,066 | $1,473 | $2,030 |
| Dougherty | $1,333 | $1,677 | $2,689 | $3,460 | $5,419 |
| Dows | $92 | $470 | $1,410 | $2,454 | $3,875 |
| Dumont | $900 | $1,238 | $1,734 | $3,378 | $4,230 |
| Geneva | $220 | $563 | $1,144 | $2,224 | $3,387 |
| Hampton | $492 | $920 | $1,477 | $2,308 | $3,470 |
| Iowa Falls | $904 | $1,445 | $2,024 | $2,802 | $3,522 |
| Latimer | $610 | $1,041 | $1,565 | $2,291 | $2,867 |
| Meservey | $1,571 | $2,037 | $2,649 | $3,284 | $3,881 |
| Popejoy | $56 | $128 | $370 | $706 | $997 |
| Sheffield | $621 | $1,180 | $1,818 | $2,532 | $3,660 |
| Thornton | $1,154 | $1,397 | $2,026 | $2,643 | $3,260 |
| Rowan | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Franklin Tax Assessor | |
| Website | beacon.schneidercorp.com |