Property taxes in Franklin County, Virginia
Homes in Franklin County pay about 0.50% of their value in property taxes each year, or about $1,880 on a home at the local median sale price of $376,088. That’s lower than the typical county in Virginia (0.60%).
Effective rate0.50%Of home value per year
Rank in Virginia#107 of 1331 = highest rate
Tax at the median sale price$1,880On $376,088
Estimated yearly and monthly tax by home price
| Home price | Per year | Per month |
|---|---|---|
| $250,000 | $1,250 | $104 |
| $400,000 | $2,000 | $167 |
| $600,000 | $3,000 | $250 |
| $800,000 | $4,000 | $333 |
| $1,000,000 | $5,000 | $417 |
How accurate is a county rate?
This is a county average: the median tax bill divided by the median home value. Your bill depends on the home’s assessed value, the town and school district, and any exemptions you qualify for. Ask for the home’s current tax bill before you make an offer.
Questions
What is the property tax rate in Franklin County, Virginia?
About 0.50% of a home’s value per year, based on U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.
How much is property tax on a $400,000 home in Franklin County?
About $2,000 a year, or $167 a month.
Counties in Virginia with similar rates
More for Franklin County
Franklin County loan limitsVirginia closing costsBoones Mill 24065 market dataCallaway 24067 market dataFerrum 24088 market dataGlade Hill 24092 market dataHardy 24101 market dataHenry 24102 market dataPenhook 24137 market dataRocky Mount 24151 market dataUnion Hall 24176 market dataWirtz 24184 market data
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates.