Tennessee · FIPS 47051 · ACS 2020–2024
Franklin County, Tennessee property tax rate
Homeowners in Franklin County paid a median of $1,246 a year in real estate taxes on a median home value of $236,900 (2020–2024 survey). Taxes came to 0.48% of home value, 8% below the Tennessee rate of 0.52% and 49% below the U.S. rate of 0.94%.
- 0.48%Effective tax rate±0.05% margin · Tennessee: 0.52%
- $1,246Median tax per yearTennessee: $1,442 · U.S.: $3,119
- $236,900Median home valueTennessee: $286,700
- 13,503Owner-occupied homes77% of households own
| Measure | Franklin County | Tennessee | U.S. | Franklin County 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 0.48% | 0.52% | 0.94% | 0.52% | −0.04 pts |
| Median tax, all owners | $1,246 | $1,442 | $3,119 | $1,218 | +$28 (+2.3%) |
| Median tax, with a mortgage | $1,269 | $1,585 | $3,489 | $1,220 | +$49 (+4.0%) |
| Median tax, no mortgage | $1,216 | $1,258 | $2,576 | $1,217 | −$1 (-0.1%) |
| Median home value | $236,900 | $286,700 | $332,700 | $215,700 | +$21,200 (+9.8%) |
| Total taxes paid | $19,418,500 | $3,619,463,000 | $360,573,527,500 | $18,271,300 |
How Franklin County compares
- Per $1,000 of home value, owners here paid about $4.78 a year, against $5.20 statewide and $9.40 nationally.
- Rank in Tennessee: 55 of 83 counties from lowest to highest effective rate (among those with reliable estimates). Nationally, 15% of 2,682 counties had a lower rate.
- Homes with a mortgage: 0.45% of value; homes without one: 0.51%. Median bills: $1,269 and $1,216.
- Compared with the 2019–2023 survey, the effective rate fell (−0.04 pts) and the median tax changed +$28 (+2.3%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 0.48% ± 0.05% at 90% confidence, from a sample of the 13,503 owner-occupied homes.
Tennessee counties with similar rates
| County | Effective rate | Median tax | Median value |
|---|---|---|---|
| Lawrence County | 0.47% | $1,021 | $194,400 |
| Rutherford County | 0.48% | $1,839 | $382,600 |
| Cheatham County | 0.48% | $1,582 | $338,700 |
| Putnam County | 0.48% | $1,363 | $282,500 |
| Blount County | 0.48% | $1,453 | $320,500 |
| Carter County | 0.49% | $864 | $168,200 |
| Cocke County | 0.49% | $898 | $158,100 |
| Obion County | 0.49% | $690 | $133,600 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.