Franklin, Venango County, Pennsylvania Property Taxes
Median Franklin, PA effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Franklin, PA home value: $49,450
Median annual Franklin, PA tax bill: $1,482, $918 lower than the national median property tax bill of $2,400.
How are property taxes in Venango calculated?
Property taxes in Franklin, PA 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 March 1, 2025
Franklin, Venango County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.63%
Estimate Property Tax Bill
$1,309
$1,214
Ownwell’s Franklin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Franklin with just two data points.
By entering your property's estimated assessed value, our calculator applies Franklin’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Venango County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Franklin, Venango County, Pennsylvania
Local government entities are responsible for setting property tax rates, and these can vary significantly within a state. This variation occurs because each county annually determines its budgetary needs for providing essential services and then divides this amount by the total assessed value of all taxable properties within its jurisdiction. The result of this calculation is the property tax rate. Although votes and legal frameworks play a role in determining these rates and budgets, this is the essence of the annual process.
In Franklin, located in Venango County, Pennsylvania, the effective property tax rate stands at 2.58%. This rate is notably higher than the national median property tax rate of 1.02%. When compared to other cities in Pennsylvania, Franklin's rate is among the highest, reflecting the unique budgetary requirements and property values of the area. Understanding these variations can help property owners in Franklin make informed decisions about their property tax obligations.
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
2.63%
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 Venango County Tax Rate
2.63%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin, Venango County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16323 | 2.47% | 2.53% | 2.63% | 3.79% | 3.79% |
Source: Ownwell
Property Tax Assessment Values Across Franklin, Venango County, Pennsylvania
When examining property taxes in Franklin, PA, 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 Venango 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 Venango 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 Franklin.
For example, the median home price in Franklin is $49,450, with tax bills ranging significantly across the county. Zip code 16323 has the highest median home price at $49,450.
Property Tax Assessment Values Across Franklin, Venango County, Pennsylvania
Source: Ownwell
$35,465
$52,488
$69,510
Median Franklin Market Value
$49,760
Median Venango County Market Value
$44,410
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklin, Venango County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16323 | $1,584 | $25,445 | $49,760 | $81,815 | $122,028 |
Source: Ownwell
Property Tax Bills Across Franklin, Venango County, Pennsylvania
In Franklin, located in Venango County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. Homeowners in this region typically pay a median property tax bill of $1,482, which is below the national median of $2,400. This figure is derived from the assessed value and the local tax rate. The tax bill can vary significantly, with the 25th percentile at $928 and the 90th percentile reaching up to $3,394, indicating a wide range of property values and tax liabilities.
For homeowners, these taxes can represent a significant expense, impacting overall affordability and financial planning. Ownwell offers a valuable service by helping homeowners navigate the complexities of property tax appeals and exemptions. By leveraging expertise and local knowledge, Ownwell can identify opportunities for reducing property tax bills, ensuring that homeowners pay only their fair share. This assistance not only alleviates financial burdens but also provides peace of mind, allowing homeowners to focus on enjoying their property without the stress of excessive taxation.
Median Franklin Tax Bill
$1,584
Median Venango County Tax Bill
$1,483
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin, Venango County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16323 | $486 | $979 | $1,584 | $2,476 | $3,670 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Venango Tax Assessor | |
| Website | gis.venangopa.us |