Property Taxes in Franklinville, North Carolina
Median Franklinville, North Carolina effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Franklinville, North Carolina home value: $144,015
Median annual Franklinville, North Carolina tax bill: $1,001, lower than the national median property tax bill of $2,400.
How are property taxes in Randolph calculated?
Property taxes in Franklinville, 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 Franklinville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Franklinville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Franklinville Property Tax Calculator Work?
Use this Franklinville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Franklinville's median effective tax rate of 0.65% — based on actual property records in Randolph 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 Franklinville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Franklinville's median effective tax rate is lower than the North Carolina median tax rate of 0.81% and the national median property tax rate of 1.02%. The median property tax bill is $1,001, which is $1,399 lower than the North Carolina median tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Franklinville.
About Franklinville Property Taxes
About Property Taxes in Franklinville, Randolph, North Carolina
Franklinville’s median effective property tax rate of 0.65% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Randolph 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 Franklinville. Homeowners in the 27248 ZIP code carry a median effective rate of 0.65%, while those in 27248 pay 0.65%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Randolph County. Understanding which part of Franklinville you live in can make a meaningful difference to your annual tax bill.
Franklinville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 4, 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 Franklinville, Randolph 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 Franklinville'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 Franklinville, Randolph County, North Carolina
Source: Ownwell
0.60%
0.96%
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 Franklinville Tax Rate
0.65%
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 Randolph County Tax Rate
0.68%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Franklinville, Randolph County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27248 | 0.58% | 0.64% | 0.65% | 0.68% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Franklinville, Randolph County, North Carolina
When examining property taxes in Franklinville, 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. Randolph County 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 Randolph County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the season.
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 Franklinville.
For example, the median home price in Franklinville is $144,015, with tax bills ranging significantly across the county. 27248 has the highest median home price at $144,015.
Property Tax Assessment Values Across Franklinville, Randolph County, North Carolina
Source: Ownwell
$78,165
$146,938
$215,710
Median Franklinville Market Value
$144,015
Median Randolph County Market Value
$168,370
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Franklinville, Randolph County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27248 | $48,958 | $94,980 | $144,015 | $210,345 | $322,741 |
Source: Ownwell
Property Tax Bills Across Franklinville, Randolph County, North Carolina
Property tax bills in Franklinville are based on the assessed value of a home and the local tax rate set by Randolph County and other taxing authorities. The bill is calculated by multiplying the assessed market value by the applicable tax rate, so a higher home value generally leads to a higher tax bill. For homeowners, this means changes in market conditions can affect what they owe even if they do not make any improvements to the property.
With a median home price of $144,015, property taxes in Franklinville can vary depending on where a home is located and how it is assessed. The median tax bill in the area is $1,001, while bills range from $628 at the 25th percentile to $1,416 at the 75th percentile and $2,054 at the 90th percentile. These differences show how property tax bills can impact household budgets in different ways.
Property Tax Bills Across Franklinville, Randolph County, North Carolina
Source: Ownwell
$562
$1,240
$1,918
Median Franklinville Tax Bill
$1,001
Median Randolph County Tax Bill
$1,311
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across Franklinville, Randolph County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27248 | $319 | $628 | $1,001 | $1,416 | $2,054 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Randolph Tax Assessor | |
| Website | txpwa.randolphcountync.gov |