Franklin County Property Taxes
Effective Tax Rate
0.00%
22.6% below state avgMedian Annual Tax
$0
$62/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.73%
At a Glance
Median Home Value
$101,900
State avg $136,126
Tax w/ Mortgage/yr
$902
$75/mo escrow
Tax w/o Mortgage/yr
$588
$49/mo
State Tax Rate Rank
#51
of 81 counties (1 = lowest)
Homeowner context
What this means for a Franklin County homeowner
Use these county medians as a planning baseline. Your actual bill depends on assessed value, exemptions, millage, and local taxing districts.
Tax pressure
0.73%
0.02 percentage points above the state average
Typical bill
$739
$216 below the state median
State position
#51
Ranked from lowest to highest effective rate across 81 Mississippi counties.
Data Story
About Property Taxes in Franklin County, Mississippi
Franklin taxes fall below national norm
Franklin County's effective tax rate of 0.645% sits below the national median of 0.76%, placing it in approximately the 35th percentile nationally. Annual median taxes of just $613 represent less than one-quarter of the national median of $2,690.
Franklin ranks low in Mississippi
Franklin's 0.645% effective tax rate sits below Mississippi's 0.743% state average, making it one of the more affordable counties for property owners. Residents pay roughly two-thirds of the state's median tax burden of $931.
Franklin among region's most affordable
Franklin County's 0.645% rate matches George County and ranks among the lowest in its region, beaten only by DeSoto (0.641%). Compared to Grenada (1.010%), Franklin residents save roughly $500 annually on median home values.
Median Franklin home costs $613 yearly
The median Franklin home valued at $95,100 generates just $613 in annual property taxes—the lowest among the surveyed counties. Homeowners with mortgages pay $845, while those without pay $527.
Franklin homeowners should verify assessments
Even in lower-tax counties, assessments can drift out of alignment with market reality. Franklin homeowners should review their assessment and challenge it if comparable homes in the area sell for less—a straightforward appeal process often reduces taxes further.
How Franklin County Compares
Median Annual Property Tax
Franklin County
0.73%
Effective rate
Mississippi Avg
0.70%
Effective rate
National Avg
0.88%
Effective rate
Frequently Asked Questions
What is the property tax rate in Franklin County, Mississippi?
How much are property taxes in Franklin County?
How does Franklin County compare to the Mississippi average?
What is the median home value in Franklin County, Mississippi?
Why is Franklin County property tax rate higher than the Mississippi average?
How does Franklin County rank for property taxes in Mississippi?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Mississippi
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.
Estimates are informational only and are not tax, legal, financial, or assessment appeal advice. Verify parcel-specific amounts with the county assessor or tax collector.