County property tax calculator
Property Tax Calculator for Franklin County
Franklin County sits above the national property tax average at 1.880%. On a median home of $128,600, that translates to $2,418 per year, or $201 per month in escrow. The gap versus the 1.07% US average is meaningful — enough to move the needle on monthly affordability for buyers comparing this county with lower-tax neighbors. Local jurisdictions here fund schools and services primarily through property taxes, which is why the rate sits where it does. For buyers budgeting the purchase, factoring this into the total monthly payment before making an offer keeps expectations grounded and avoids surprises at closing. Franklin County is one of the more affordable markets in New York. A median home value of $128,600 places entry-level pricing within reach for first-time buyers and investors alike. With FHA loans at 3.5% down or VA loans at 0%, the barrier to entry is often the lowest in the region. Lower valuations also mean lower absolute tax bills and insurance premiums. The trade-off may be distance from major employment centers or access to specific school districts. Buyers exploring this tier should compare commute cost and time against the lower purchase price. Rental demand in entry-priced markets is often steady, which supports the investor case. With entry-level pricing and access to first-time buyer programs, this market often allows buyers to enter with a smaller cash reserve than premium or expensive tiers would require.
Property Tax Details
National average is 1.07%
Used to project future tax burden
Annual Property Tax
$0
Insights
Property Tax Landscape in Franklin County
Franklin County's 1.880% effective rate runs well above New York's statewide average of 1.55%. That 0.330 percentage-point gap equals roughly $424 per year on a median-valued home — a meaningful line item for buyers comparing jurisdictions. The county's higher rate typically funds a combination of local school, municipal, and county services that may not be fully covered by state transfers. Buyers relocating from other parts of New York or from lower-tax states should include this in their affordability model. The differential compounds over the life of the loan, so long-term owners in this county pay materially more tax than their counterparts elsewhere in the state. Within New York, Franklin County ranks as the 20th lowest of 62 counties by effective property tax rate.
Franklin County is one of the more affordable markets in New York. A median home value of $128,600 places entry-level pricing within reach for first-time buyers and investors alike. With FHA loans at 3.5% down or VA loans at 0%, the barrier to entry is often the lowest in the region. Lower valuations also mean lower absolute tax bills and insurance premiums. The trade-off may be distance from major employment centers or access to specific school districts. Buyers exploring this tier should compare commute cost and time against the lower purchase price. Rental demand in entry-priced markets is often steady, which supports the investor case. Median household income in Franklin County runs below the New York state average at $63,747. Buyers here often rely on FHA, USDA, or state down-payment assistance programs to make the numbers work. The price-to-income ratio of 2.0x reflects a balanced profile for the region — median-income buyers have reasonable access to the market. Median gross rent runs $819 per month, giving renters a baseline to compare against ownership costs in the same market.
Property Tax Scenarios — Franklin County
Entry-level markets still carry ongoing tax obligations. The scenarios below show what annual and monthly escrow looks like across five price points, from below median to above. Buyers evaluating a first purchase here should use these numbers to plan the full monthly carrying cost, not just principal and interest.
| Home Value | Annual Tax | Monthly Escrow | 10-Year Total |
|---|---|---|---|
| $65,000 | $1,222 | $102 | $12,220 |
| $95,000 | $1,786 | $149 | $17,860 |
| $130,000 | $2,444 | $204 | $24,440 |
| $195,000 | $3,666 | $306 | $36,660 |
| $255,000 | $4,794 | $400 | $47,940 |
Frequently asked questions
For buyers considering Franklin County, the questions below address the tax load, escrow mechanics, and comparisons with state averages. Answers use county-specific data from the 2023 Census ACS.
What is the property tax rate in Franklin County?
Franklin County has an effective property tax rate of 1.880%, above the national average (national average: 1.07%). On a median home of $128,600, that's about $2,418 per year, or $201 monthly through escrow.
How much are property taxes on a home in Franklin County?
At the county median of $128,600, annual property taxes run roughly $2,418, collected through mortgage escrow at about $201 per month.
How does Franklin County compare to New York?
Franklin County's 1.880% rate is substantially above New York's statewide average of 1.55%. The difference equals about $424 per year on a median home.
What is the median income in Franklin County?
Median household income in Franklin County is $63,747 (Census ACS 2023). Median gross rent runs $819 per month.
Are property taxes deductible in Franklin County?
Yes, property taxes are deductible on federal returns when you itemize, subject to the SALT cap ($10,000 for most filers). Franklin County homeowners paying $2,418 annually may benefit if their combined state and local tax burden exceeds the standard deduction.
How are property taxes calculated in Franklin County?
The county assessor multiplies your home's assessed value by the local tax rate. On a $128,600 home at the county's effective rate of 1.880%, the annual bill is approximately $2,418.
Compare New York counties
Disclaimer: This calculator and the content on this page are for educational purposes only. They do not constitute financial, legal, or tax advice. Rates, loan limits, and eligibility criteria vary by lender, location, and borrower profile. Always consult a licensed financial professional before making borrowing decisions. CalcPier is independent and not affiliated with any lender listed on this page.
