Franklin County Property Taxes
Franklin County, Indiana
Effective Tax Rate
0.00%
21.7% above state avgMedian Annual Tax
$0
$122/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.62%
At a Glance
Median Home Value
$236,700
State avg ▲ $178,101
Tax w/ Mortgage/yr
$1,455
$121/mo escrow
Tax w/o Mortgage/yr
$1,469
$122/mo
State Tax Rate Rank
#30
of 92 counties (1 = lowest)
Data Story
About Property Taxes in Franklin County, Indiana
Franklin County's tax rate ranks among lowest
Franklin County's 0.616% effective tax rate matches the nation's most tax-efficient counties, placing it in the bottom 25% of U.S. counties. The median property tax of $1,459 is roughly half the national median of $2,690, providing significant savings.
Tied for Indiana's lowest tax rate
Franklin County's 0.616% rate ties Fountain County for the lowest effective rate in the state and falls well below Indiana's 0.671% average. At $1,459 in median annual taxes, Franklin residents pay just $260 more than the state median, despite higher home values.
Franklin competes with state's most efficient
Franklin County's 0.616% rate matches Fountain County's and undercuts all other profiled neighbors, including DeKalb (0.628%) and Dubois (0.650%). Despite the lowest rate, Franklin's median annual tax of $1,459 is higher than Fountain's $820, reflecting Franklin's stronger median home values of $236,700.
What a typical Franklin homeowner pays
The median home in Franklin County is valued at $236,700, resulting in an estimated annual property tax of around $1,459. Homeowners with mortgages and those without pay nearly identical amounts ($1,455 vs. $1,469), indicating stable, consistent assessments.
Low rates don't mean automatic accuracy
Even in Franklin County's tax-efficient environment, roughly 1 in 5 homeowners may be overassessed relative to their neighbors. Review your assessment letter carefully and consider a free appeal if your home's value seems inflated.
How Franklin County Compares
Median Annual Property Tax
Franklin County
0.62%
Effective rate
Indiana Avg
0.67%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Franklin County, Indiana?
How much are property taxes in Franklin County?
How does Franklin County compare to the Indiana average?
What is the median home value in Franklin County, Indiana?
Is Franklin County a low property tax area in Indiana?
How does Franklin County rank for property taxes in Indiana?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Indiana
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.