Property Tax in Franklin city
via TaxByCounty
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.