Franklin County, Virginia property tax
The median homeowner in Franklin County, Virginia pays $1,188 a year in property tax on a home worth $222,800, an effective rate of 0.53%. The national effective rate is 0.98%.
What the rate means here
At 0.53%, Franklin County taxes property more lightly than the national 0.98%. With a median home at $222,800, that produces a bill of $1,188. Somebody still funds the schools, so it is worth knowing what a low-tax county collects instead.
It ranks #102 of 129 Virginia counties by effective rate, against a statewide 0.74%, and #2,353 nationally. The state runs from 1.14% in Manassas Park city down to 0.40% in Prince Edward County.
The median home costs 3.26 times the median household income of $68,348, close to the national 3.86. Incomes run below the national median, and house prices run below it too, which is what keeps the ratio ordinary. With 54,958 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Franklin County | Virginia | United States | |
|---|---|---|---|
| Effective property tax | 0.53% | 0.74% | 0.98% |
| Median tax bill | $1,188 | $2,686 | $2,969 |
| Median home value | $222,800 | $360,700 | $303,400 |
| Median gross rent | $797 | $1,514 | $1,348 |
| Median household income | $68,348 | $90,974 | $78,538 |
| Home price to income | 3.26× | 3.96× | 3.86× |
| Rent as share of income | 13.99% | 19.97% | 20.6% |
| Owner-occupied | 79.71% | 67.18% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 54,958.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Campbell County | 0.46% | $913 | $199,200 |
| Washington County | 0.51% | $1,038 | $201,800 |
| Culpeper County | 0.55% | $2,119 | $386,400 |
| Harrisonburg city | 0.78% | $2,172 | $278,200 |
| Henry County | 0.50% | $604 | $120,300 |
Franklin County property tax: common questions
What is the property tax rate in Franklin County, Virginia?
The effective rate is 0.53% of home value, from a median tax bill of $1,188 against a median home value of $222,800. That is 0.45 points below the national 0.98%.
How much is property tax on a $400,000 home in Franklin County?
Roughly $2,120 a year at the county effective rate of 0.53%.
Is Franklin County expensive compared with the rest of Virginia?
It ranks #102 of 129 Virginia counties by effective property tax rate, and #2353 of 2,826 nationally. That is 0.21 points below the Virginia average of 0.74%.
What does housing cost in Franklin County?
The median home is worth $222,800 and median gross rent is $797 a month. Median household income is $68,348, which puts the home at 3.26 times annual income and rent at 13.99% of it.