Property Taxes in Franklinton, North Carolina
Median Franklinton, North Carolina effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Franklinton, North Carolina home value: $287,550
Median annual Franklinton, North Carolina tax bill: $2,011, $389 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Franklinton, North Carolina 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 April 13, 2026
How Does the Franklinton Property Tax Calculator Work?
Use this Franklinton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Franklinton's median effective tax rate of 0.62% — based on actual property records in Franklin 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 Franklinton'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 Franklinton: rates range from 0.62% in 27525 to 0.62% in 27525, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Franklinton.
About Franklinton Property Taxes
About Property Taxes in Franklinton, Franklin, North Carolina
Franklinton's median effective property tax rate of 0.62% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Franklin 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 Franklinton. Homeowners in the 27525 ZIP code carry a median effective rate of 0.62%, while those in the same ZIP also pay 0.62%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Franklin County. Understanding which part of Franklinton you live in can make a meaningful difference to your annual tax bill.
Franklinton homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 31, 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 Franklinton, Franklin County, North Carolina
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 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.
Property Tax Rates Across Franklinton, Franklin County, North Carolina
Source: Ownwell
0.62%
0.80%
0.98%
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
0.62%
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
0.62%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Franklinton, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27525 | 0.59% | 0.60% | 0.62% | 0.68% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Franklinton, Franklin County, North Carolina
When examining property taxes in Franklinton, North Carolina, 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.
Assessment notices:
In Franklin County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 $287,550, with tax bills ranging significantly across the county. 27525 has the highest median home price at $287,550.
Property Tax Assessment Values Across Franklinton, Franklin County, North Carolina
Source: Ownwell
$111,850
$266,005
$420,160
Median Franklinton Market Value
$287,550
Median Franklin County Market Value
$285,020
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Franklinton, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27525 | $119,136 | $177,815 | $287,550 | $377,040 | $461,958 |
Source: Ownwell
Property Tax Bills Across Franklinton, Franklin County, North Carolina
Property tax bills in Franklinton are calculated by applying the local tax rate to a home’s assessed market value. The assessed value is based on what the property is worth for tax purposes, and that figure is then used to determine how much the homeowner owes each year. Because tax bills are tied to value, homes with higher assessed market values generally face higher bills.
In Franklinton, the median home price is $287,550, which helps explain why property tax bills can vary widely from one homeowner to another. The 25th percentile tax bill is $1,311, while the 75th percentile is $2,591 and the 90th percentile reaches $3,557. That range shows how location, property characteristics, and assessed value can affect the final bill. For homeowners, this means property taxes can be a meaningful part of annual housing costs, especially when home values rise.
Property Tax Bills Across Franklinton, Franklin County, North Carolina
Source: Ownwell
$677
$2,276
$3,874
Median Franklinton Tax Bill
$2,011
Median Franklin County Tax Bill
$1,804
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across Franklinton, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27525 | $790 | $1,311 | $2,011 | $2,591 | $3,557 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 31 |
Links | |
|---|---|
| Franklin Tax Assessor | |
| Website | www.franklincountytax.us |