Franklin city Property Taxes
Franklin city, Virginia
Effective Tax Rate
0.00%
14.4% below state avgMedian Annual Tax
$0
$140/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
0.74%
At a Glance
Median Home Value
$227,200
State avg ▼ $278,065
Tax w/ Mortgage/yr
$1,862
$155/mo escrow
Tax w/o Mortgage/yr
$1,567
$131/mo
State Tax Rate Rank
#91
of 133 counties (1 = lowest)
Data Story
About Property Taxes in Franklin city, Virginia
Franklin city taxes exceed national norm
At 0.738%, Franklin city's effective tax rate surpasses the national median of 0.579% by 27%, placing it in the 70th percentile nationally. Though median property taxes are $1,677—below the national median of $2,690—the tax rate itself is substantial relative to national benchmarks.
Franklin city ranks second-highest in state
Franklin city's 0.738% effective rate ranks second in Virginia, trailing only Fauquier County (0.770%) and well above the state average of 0.671%. This places the city among Virginia's highest-taxing jurisdictions despite lower median home values than state averages.
Franklin city taxes exceed regional averages
Franklin city's 0.738% rate significantly surpasses neighboring Franklin County (0.533%) and beats most surrounding regions in the Piedmont. This makes Franklin city one of the most tax-heavy small cities in its geographic area.
Franklin city residents pay $1,677 yearly
With a median home value of $227,200 and a 0.738% effective rate, typical Franklin city homeowners pay approximately $1,677 in annual property taxes. Despite modest home values, the high tax rate means residents shoulder a notably heavier burden than surrounding counties.
Franklin city homeowners should appeal assessments
High effective rates combined with modest property values suggest some Franklin city assessments may be elevated—especially older properties valued before recent market shifts. Requesting a reassessment review could reveal significant overpayment opportunities.
How Franklin city Compares
Median Annual Property Tax
Franklin city
0.74%
Effective rate
Virginia Avg
0.70%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Franklin city, Virginia?
How much are property taxes in Franklin city?
How does Franklin city compare to the Virginia average?
What is the median home value in Franklin city, Virginia?
Why is Franklin city property tax rate higher than the Virginia average?
How does Franklin city rank for property taxes in Virginia?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Virginia
Prince Edward County
0.40%
Bath County
0.40%
Nottoway County
0.42%
Mathews County
0.42%
Amelia County
0.43%
Lunenburg County
0.44%
Buchanan County
0.44%
Craig County
0.46%
Bedford County
0.46%
Campbell County
0.46%
Northumberland County
0.48%
Mecklenburg County
0.49%
Halifax County
0.49%
Augusta County
0.49%
Lancaster County
0.49%
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.