Franklin County, Virginia Property Taxes
Property Taxes in Franklin County, Virginia
Median Franklin County County effective property tax rate: 0.43%, significantly lower than the national median of 1.02%.
Median Franklin County County home value: $271,200
Median annual Franklin County County tax bill: $1,236, lower than the national median property tax bill of $2,400.
How are property taxes in Franklin County County calculated?
Property taxes in Franklin County 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.
Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Franklin County or another part of Franklin County County, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Franklin County, Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.43%
Estimate Property Tax Bill
$1,166
$1,082
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 0.43% to generate your estimate.
Enter your property's estimated assessed value — the figure used 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.
Franklin County's median effective tax rate is lower than Virginia's 0.90% median rate and well below the national median property tax rate of 1.02%. The county's median property tax bill is $1,236, which is $1,164 lower than Virginia's median bill and below the national median property tax bill of $2,400.
Your actual bill may vary based on your specific exemptions, local school district levies, and any special assessment districts that apply to your property.
Property Tax Rates Across Franklin County, Virginia
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 Virginia or the U.S. median of 1.02%.
Franklin County's median effective rate stands at 0.43%, which is lower than the national median of 1.02%. Within Franklin County, the highest rate is found in Bassett at 0.43%, while Bent Mountain has the lowest at 0.43%.
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 ÷ 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
0.43%
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 Virginia Tax Rate
0.90%
Median Effective United States Tax Rate
1.02%
Property Tax Assessment Values Across Franklin County, Virginia
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:
In Franklin County, assessment notices are sent in the spring each year. They'll 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. 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 County.
For example, the median tax bill in Franklin County is $1,236, with tax bills ranging significantly across the county. Moneta has the highest median home price at $641,500.
Property Tax Assessment Values Across Franklin County, Virginia
Source: Ownwell
$173,600
$173,600
$173,600
Median Franklin County Market Value
$271,200
Median Virginia Market Value
$323,500
Median United States Market Value
$235,294
Property Tax Bills Across Franklin County, Virginia
Property tax bills in Franklin County are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The median home price is $271,200, so homeowners with higher-value properties generally face larger tax bills, while lower-value homes usually owe less.
Several factors affect the final bill, including the property’s assessed value, local tax rates, and any exemptions or special assessments that may apply. In Franklin County, the 25th percentile tax bill is $815, the 75th percentile is $2,219, and the 90th percentile reaches $5,156. That range shows how much bills can vary from one homeowner to another.
For many homeowners, property taxes are a major part of annual housing costs. Since taxes are tied to assessed value, a higher assessment can increase the bill even if the home has not changed.
Median Franklin County Tax Bill
$1,236
Median Virginia Tax Bill
$2,852
Median United States Tax Bill
$2,400