Franklin County Property Taxes
Franklin County, Illinois
Effective Tax Rate
0.00%
52.7% below state avgMedian Annual Tax
$0
$110/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
1.50%
At a Glance
Median Home Value
$87,700
State avg ▼ $146,132
Tax w/ Mortgage/yr
$1,599
$133/mo escrow
Tax w/o Mortgage/yr
$1,143
$95/mo
State Tax Rate Rank
#17
of 102 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Franklin County, Illinois
Franklin County offers exceptional value
Franklin County's 1.501% effective tax rate ranks in the bottom 30% of U.S. counties, falling well below the national median of 1.562%. With the lowest median home value in this survey at $87,700, residents pay just $1,316 annually—less than half the national median tax.
Illinois's most tax-friendly county
At 1.501%, Franklin County has Illinois's lowest effective tax rate among these eight counties, beating the state average of 1.831% by 0.330 percentage points. The median tax of $1,316 is less than half the state median of $2,782, making Franklin a standout for affordability.
Clear winner in south-central region
Franklin County's 1.501% rate is the lowest in the region, edging Gallatin (1.506%), Fayette (1.517%), and Effingham (1.509%). Compared to Ford (2.069%) and Fulton (2.133%), Franklin costs roughly 27–42% less to own property, making it the region's most attractive for budget-conscious buyers.
What your home costs to own
Franklin County's median home value is $87,700, and residents pay just $1,316 annually in property tax—the lowest median bill among these counties. Homeowners with mortgages pay $1,599, while those without mortgages pay $1,143, offering genuine affordability for working families.
Even lower-taxed homes can appeal
Even though Franklin County boasts the region's lowest tax rate, overassessment still occurs when home values are set too high. If your assessment doesn't match recent comparable sales, requesting a reassessment is free and could reduce your already-low bill further.
How Franklin County Compares
Median Annual Property Tax
Franklin County
1.50%
Effective rate
Illinois Avg
1.90%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Franklin County, Illinois?
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How does Franklin County compare to the Illinois average?
What is the median home value in Franklin County, Illinois?
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How does Franklin County rank for property taxes in Illinois?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Illinois
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.