Franklinton, Franklin County, North Carolina Property Taxes
Median Franklinton, NC effective property tax rate: 0.94%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%. Median Franklinton, NC home value: $154,585. Median annual Franklinton, NC tax bill: $1,582, $818 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Franklinton, NC 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 Franklinton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Franklinton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Franklinton, Franklin County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$1,453
$1,348
Property Tax Rates Across Franklinton, Franklin County, North Carolina
Local government entities set tax rates, which can vary widely within a state. 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 Franklinton’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
Franklinton, located in Franklin County, has an effective property tax rate of 0.94%. This is slightly below the national median property tax rate of 1.02%. The property tax rate in Franklinton is consistent with the highest and lowest median tax rates in the region, which both stand at 0.94%. When compared to the national median property tax bill of $2400, residents in Franklinton benefit from relatively lower property tax obligations, reflecting the area's balanced approach to funding local services while maintaining affordability for homeowners.
Property Tax Rates Across Franklinton, Franklin County, North Carolina
Source: Ownwell
0.93%
1.13%
1.33%
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 Franklinton Tax Rate
0.94%
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
0.94%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklinton, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27525 | 0.87% | 0.91% | 0.94% | 1.05% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Franklinton, Franklin County, North Carolina
When examining property taxes in Franklinton, NC, 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 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 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. 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 Franklinton.
For example, the median home price in Franklinton is $154,585, with tax bills ranging significantly across the county. Zip code 27525 has the highest median home price at $154,585.
Property Tax Assessment Values Across Franklinton, Franklin County, North Carolina
Source: Ownwell
$62,626
$154,138
$245,650
Median Franklinton Market Value
$154,585
Median Franklin County Market Value
$157,340
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklinton, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27525 | $49,223 | $87,890 | $154,585 | $233,295 | $278,911 |
Source: Ownwell
Property Tax Bills Across Franklinton, Franklin County, North Carolina
Property Tax Bills Across Franklinton, Franklin County, North Carolina
Source: Ownwell
$497
$1,803
$3,108
Median Franklinton Tax Bill
$1,582
Median Franklin County Tax Bill
$1,492
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklinton, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27525 | $535 | $980 | $1,582 | $2,221 | $2,759 |
Source: Ownwell