Franklin County Property Taxes
Franklin County, Kentucky
Effective Tax Rate
0.00%
53% above state avgMedian Annual Tax
$0
$139/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.84%
At a Glance
Median Home Value
$198,700
State avg ▲ $150,167
Tax w/ Mortgage/yr
$1,857
$155/mo escrow
Tax w/o Mortgage/yr
$1,364
$114/mo
State Tax Rate Rank
#101
of 120 counties (1 = lowest)
Similar tax rates
Data Story
About Property Taxes in Franklin County, Kentucky
Franklin taxes well below national average
Franklin County's 0.842% effective tax rate is roughly one-third the national property tax burden, placing it in the bottom 35% nationally. The median tax of $1,672 is still 38% below the national median of $2,690.
Above average among Kentucky counties
At 0.842%, Franklin County's rate exceeds Kentucky's 0.719% state average by more than 10%, ranking it in the upper tier of state counties. Its median tax of $1,672 is 53% higher than the state median of $1,093, reflecting higher property values in the Frankfort region.
Higher rate than surrounding counties
Franklin County's 0.842% rate significantly exceeds nearby Garrard County (0.720%) and Gallatin County (0.808%), though remains slightly below Fayette County's 0.891%. The higher rate reflects Franklin's status as Kentucky's capital, with corresponding property values and services.
Median home costs $1,672 annually
A homeowner with Franklin County's median property value of $198,700 pays roughly $1,672 in annual property taxes. With a mortgage, the escrow-included payment typically reaches about $1,857 annually.
Verify your property's assessed value
Franklin County property owners should periodically verify their assessments against recent comparable sales in their neighborhood. If your assessed value appears inflated, filing an appeal with the assessor's office could reduce your annual tax burden.
How Franklin County Compares
Median Annual Property Tax
Franklin County
0.84%
Effective rate
Kentucky Avg
0.73%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Franklin County, Kentucky?
How much are property taxes in Franklin County?
How does Franklin County compare to the Kentucky average?
What is the median home value in Franklin County, Kentucky?
Why is Franklin County property tax rate higher than the Kentucky average?
How does Franklin County rank for property taxes in Kentucky?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Kentucky
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.