Franklin County, Tennessee Property Taxes
Property Taxes in Franklin County, Tennessee
Median Franklin County effective property tax rate: 0.50%, significantly lower than the national median of 1.02%.
Median Franklin County home value: $215,300
Median annual Franklin County tax bill: $1,121, 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.
Why is Franklin County's property tax rate important? Because the county’s effective property tax rate of 0.50% is below the national median and also lower than the Tennessee median tax rate of 0.54%.
What does the median tax bill mean for homeowners? The median annual property tax bill of $1,121 is well below the national median and reflects a relatively lighter tax burden for many property owners.
Understanding Franklin County's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Franklin County or another part of the county, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Franklin County, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.5%
Estimate Property Tax Bill
$1,077
$999
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 0.50% 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 that apply to your property. Franklin County's median effective tax rate is lower than the Tennessee median tax rate of 0.54%, and the county's median tax bill of $1,121 is lower than the state median tax bill by $1,279.
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, Tennessee
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 Tennessee or the U.S. median of 1.02%.
Franklin County's median effective rate stands at 0.50%, which is lower than the national median of 1.02%. Within Franklin County, the highest rate is found in ELORA at 0.50%, while FLINTVILLE has the lowest at 0.50%.
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 Ă· 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
0.50%
Our median effective property tax rate (tax bill Ă· 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 Tennessee Tax Rate
0.54%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Franklin County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | 0.29% | 0.50% | 0.50% | 0.50% | 0.50% |
| Decherd | 0.27% | 0.50% | 0.50% | 0.50% | 0.50% |
| Elora | 0.31% | 0.50% | 0.50% | 0.50% | 0.50% |
| Estill Springs | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Flintville | 0.27% | 0.30% | 0.50% | 0.50% | 0.50% |
| Huntland | 0.24% | 0.36% | 0.50% | 0.50% | 0.50% |
| Lynchburg | 0.40% | 0.50% | 0.50% | 0.50% | 0.50% |
| Monteagle | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Sewanee | 0.45% | 0.50% | 0.50% | 0.50% | 0.50% |
| Sherwood | 0.27% | 0.49% | 0.50% | 0.50% | 0.50% |
| Tullahoma | 0.42% | 0.50% | 0.50% | 0.50% | 0.50% |
| Winchester | 0.31% | 0.50% | 0.50% | 0.50% | 0.50% |
| Cowan | N/A | N/A | N/A | N/A | N/A |
| Pelham | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Franklin County, Tennessee
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 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 are sent in the spring each year and typically reach your mailbox by the middle of May. 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.
For example, the median tax bill in Franklin County is $1,121, which is below the national median property tax bill of $2,400. Tax bills range significantly across the county, with Lynchburg at $2,082 and Sherwood at $553. Monteagle has the highest median home price at $490,300.
Property Tax Assessment Values Across Franklin County, Tennessee
Source: Ownwell
$121,250
$305,775
$490,300
Median Franklin County Market Value
$215,300
Median Tennessee Market Value
$213,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Franklin County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | $54,270 | $121,850 | $205,450 | $356,725 | $607,560 |
| Decherd | $63,850 | $103,950 | $164,900 | $270,350 | $429,900 |
| Elora | $95,600 | $130,250 | $186,600 | $335,200 | $524,200 |
| Estill Springs | $83,400 | $151,900 | $216,100 | $344,500 | $624,120 |
| Flintville | $48,540 | $167,325 | $281,550 | $328,000 | $412,510 |
| Huntland | $65,420 | $107,625 | $154,550 | $287,550 | $505,330 |
| Lynchburg | $345,090 | $373,350 | $430,550 | $531,025 | $568,690 |
| Monteagle | $262,800 | $351,000 | $490,300 | $645,000 | $734,600 |
| Sewanee | $110,860 | $173,400 | $296,100 | $440,400 | $624,520 |
| Sherwood | $33,000 | $56,800 | $121,250 | $227,025 | $475,250 |
| Tullahoma | $98,570 | $167,275 | $226,250 | $330,550 | $448,480 |
| Winchester | $88,200 | $147,800 | $249,000 | $433,300 | $672,370 |
| Cowan | N/A | N/A | N/A | N/A | N/A |
| Pelham | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Franklin County, Tennessee
Property tax bills in Franklin County are based on the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is usually tied to a percentage of market value, so a higher-valued home generally results in a larger bill. Local budgets, school funding, and other public services also influence how much homeowners owe.
With a median home price of $215,300, property taxes can vary widely across the county. The 25th percentile tax bill is $684, while the 75th percentile is $1,818 and the 90th percentile reaches $2,970. That range shows how differences in home value and assessment can affect the final bill.
Homeowners in Franklin County may see very different tax burdens depending on where they live. For example, the highest median tax bill is $2,082 in Lynchburg, while the lowest median tax bill is $553 in Sherwood. Compared with the national median property tax bill of $2,400, many Franklin County homeowners pay less, but rising assessments can still increase annual costs.
Median Franklin County Tax Bill
$1,121
Median Tennessee Tax Bill
$1,126
Median United States Tax Bill
$2,400
Property Tax Bills Across Franklin County, Tennessee
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | $267 | $558 | $956 | $1,493 | $2,287 |
| Decherd | $285 | $582 | $1,005 | $1,520 | $2,142 |
| Elora | $477 | $650 | $915 | $1,338 | $1,755 |
| Estill Springs | $340 | $762 | $1,141 | $1,884 | $3,190 |
| Flintville | $224 | $733 | $845 | $1,232 | $1,718 |
| Huntland | $306 | $588 | $928 | $1,512 | $2,292 |
| Lynchburg | $1,671 | $1,863 | $2,082 | $2,564 | $2,837 |
| Monteagle | $1,107 | $1,246 | $1,733 | $2,732 | $3,579 |
| Sewanee | $332 | $621 | $1,080 | $1,976 | $2,981 |
| Sherwood | $164 | $282 | $553 | $987 | $1,676 |
| Tullahoma | $351 | $728 | $1,105 | $1,631 | $2,194 |
| Winchester | $305 | $805 | $1,297 | $2,312 | $3,695 |
| Cowan | N/A | N/A | N/A | N/A | N/A |
| Pelham | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell