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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Franklin County, Texas

Franklin County has an effective property tax rate of 0.89%. On the median home value of $226,300, that's roughly $2,023 per year. Median household income is $72,360.

Effective Property Tax Rate1
0.89%
median tax $2,023 ÷ median home $226,300
Median Home Value1
$226,300
owner-occupied
Median Household Income1
$72,360
per-capita $41,630
Est. Annual Tax on Median Home1
$2,023
at 0.89% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricFranklin CountyTexas (state context)
Effective property tax rate10.89%1.18%
Median home value1$226,300—
State income tax3No state income taxNo state income tax
State sales tax38.20% combined8.20% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Franklin County, TX

Franklin County's effective property tax rate of 0.894% sits well below Texas's statewide median of 1.183%, a gap that places the county 224th out of 250 in the state — among the lower-taxed places in Texas. Against the national median of 0.794%, however, the county runs slightly higher, so its advantage is regional rather than absolute. A median home value of $226,300 carries an annual real-estate tax bill of about $2,023, while median household income reaches $72,360 and per-capita income $41,630. That relationship between home values, tax bills, and local earnings shapes how affordable ownership feels in Mount Vernon and the surrounding communities. Ranking near the bottom of Texas counties on rate signals that property taxes here claim a smaller share of home value than in most of the state, even if they remain close to the national figure.

Frequently asked questions

What is the property tax rate in Franklin County, TX?
The effective rate is 0.89% — meaning the median tax bill equals about 0.89% of the median home value.
How much are property taxes on a median home?
On the median home ($226,300), the estimated annual bill is about $2,023.
Is Franklin County's rate high or low?
Compare it to the state median of 1.18% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Franklin County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Franklin County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.