Franklin County Property Taxes
Franklin County, Florida
Effective Tax Rate
0.00%
16.6% below state avgMedian Annual Tax
$0
$131/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.62%
At a Glance
Median Home Value
$254,300
State avg ▼ $257,245
Tax w/ Mortgage/yr
$1,619
$135/mo escrow
Tax w/o Mortgage/yr
$1,535
$128/mo
State Tax Rate Rank
#16
of 67 counties (1 = lowest)
Data Story
About Property Taxes in Franklin County, Florida
Franklin's tax rate is well below average
Franklin County's effective tax rate of 0.618% sits 15% below Florida's state average of 0.731% and significantly below the national median. The median property tax of $1,572 is substantially lower than the national median of $2,690, giving Franklin residents a real tax advantage.
Among Florida's lowest-tax counties
Franklin ranks in the bottom quarter of Florida counties for property tax burden at just 0.618% effective rate. Its median tax of $1,572 is 17% below the state average of $1,885, making it one of the most affordable counties in Florida.
Cheaper taxes than Flagler and Gulf
Franklin County's 0.618% rate beats both Flagler (0.788%) and Gulf County (0.566%) slightly, but Franklin pays less total tax due to lower home values. A median-valued home here costs $254,300—lower than Flagler's $333,400—resulting in one of the region's most affordable tax bills.
Median home: just $1,572 in annual taxes
A homeowner in Franklin County with a median-valued $254,300 home pays roughly $1,572 per year in property taxes. With a mortgage, the bill is $1,619; without one, it drops to $1,535—among the lowest in the state.
Appeal your assessment if values shifted
Even in low-tax Franklin County, properties can be overassessed relative to current market conditions. If your home's assessed value hasn't moved in several years while neighborhood sales dropped, a Value Adjustment Board appeal could free up hundreds annually.
Tax Rate Details
Understanding Millage Rates in Franklin County
In Florida, property taxes are expressed as a millage rate (also called a mill rate). One mill equals $1 of tax for every $1,000 of assessed property value. Your total property tax bill is determined by adding together the millage rates set by the county, city or municipality, school district, and any special districts.
In Florida, property is assessed at just value (market value), but homestead exemptions can reduce taxable value by $50,000 or more. The millage rate is applied to the taxable value after exemptions. Florida counties, cities, school districts, and special districts each levy their own millage rates.
Franklin County has an effective property tax rate of 0.62%, resulting in a median annual tax bill of $1,572. Use the calculator above to estimate your property tax based on Franklin County's current rate, or contact the Franklin County tax assessor's office for the exact millage rate breakdown for your property.
How Franklin County Compares
Median Annual Property Tax
Franklin County
0.62%
Effective rate
Florida Avg
0.73%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Franklin County, Florida?
What is the millage rate in Franklin County, Florida?
How much are property taxes in Franklin County?
How does Franklin County compare to the Florida average?
What is the median home value in Franklin County, Florida?
Is Franklin County a low property tax area in Florida?
How does Franklin County rank for property taxes in Florida?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Florida
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.