Average Tax Assessment in Franklin County
Real Estate Values and Property Tax Valuation in Franklin County, Georgia
Franklin County has 8,803 properties with a cumulative value of $1.3B, representing 0.17% of all real estate value in Georgia. The average property tax rate in Franklin County is 0.91%, which is lower than the state average of 1.00%. Property taxes in Franklin County totaled $12.3M, with the average homeowner paying $1,394 in property taxes compared to the state average of $2,360. Property taxes are based on the assessed value of the property, which is typically lower than the market value.
The property tax timeline in Georgia begins on January 1st, when the property values are assessed. Property value notices are then issued between April and July, and property owners have 30 to 45 days after the notices are mailed to file an appeal. Finally, property tax bills are issued on September 1st.
Updated November 01, 2023
| Important Links | |
|---|---|
| Franklin Clerk | (903) 537-4252 6 |
| TexasFile Clerk Records | - |
| Franklin County Clerk | (502) 875-8703 |
| Franklin Treasurer | (717) 261-3120 |
| Important Dates | |
|---|---|
| Property Valuation Date: | January 1st |
| Property Value Notices Issued: | April - July |
| Property Tax Appeal Deadline: | 30 to 45 days after notices mailed |
| Property Tax Bills Issued: | September 1st |
| Real Property Tax Bill Due (1st of #): | May - December, Varies by jurisdiction, Fulton County - October 15th |
| Available Exemptions | |
|---|---|
| Senior | Available |
| Disabled | Available |
| Homestead | Available |
| Veteran | Available |
| Solar/Wind | Not Available |
| Charitable | Available |
Don't Miss Your Property Tax Appeal Deadline
Real Estate Statistics in Franklin County
Residential Property Taxes by Cities in Franklin County
Franklin County has an average property tax rate of 0.91%, which is lower than the national average of 1.08%. This makes Franklin County an attractive place to live for those looking to save on their property taxes. However, the property tax rate does vary across the cities in the county. The city of Lavonia has the highest effective property tax rate at 1.04%, while the city of Toccoa has the lowest effective property tax rate at 0.79%. This means that residents of Lavonia will pay more in property taxes than those living in Toccoa. Despite the differences in property tax rates across the cities, Franklin County still has a lower average property tax rate than the national average, making it an attractive place to live for those looking to save on their property taxes.
Tax Assessment Value
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of property assessment value in each city in Franklin County. The tax assessment value may differ from the potential sale value, and is used to calculate the property tax for each piece of real estate.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canon | $14,526 | $35,811 | $85,609 | $169,464 | $285,724 |
| Carnesville | $29,378 | $63,318 | $131,961 | $211,271 | $340,520 |
| Lavonia | $25,442 | $61,884 | $127,273 | $217,143 | $332,811 |
| Martin | $23,290 | $44,302 | $117,901 | $210,500 | $345,408 |
| Royston | $24,973 | $56,018 | $107,298 | $174,718 | $252,795 |
| Toccoa | $20,103 | $36,486 | $92,827 | $192,925 | $311,779 |
Property Tax Bill
This table shows the percentiles of actual property tax paid on residential properties for each city in Franklin County.
Effective Property Tax Rate
The effective property tax rate is calculated by dividing the property tax bill by the assessed value. For the percentiles below, the calculation is performed using the percentiles for property tax bill and assessed value above. Therefore, each consecutive percentile doesn't necessarily show a larger value.
Reduce your property tax bill with Ownwell!
Real Estate Values in Franklin County
The median home price in Franklin County, Georgia decreased by 21.02% from October 2022 to October 2023, from $265.0K to $195.0K. This decrease in home prices is likely due to the decrease in home inventory, which dropped from 92 in October 2022 to 95 in October 2023. This suggests that the housing market in Franklin County is becoming more competitive, as fewer homes are available for sale.
Average Home Value in Franklin County, Georgia
Last updated: November 2023
Percent Change in Total Home Sales in Franklin County
Last updated: November 2023
Percent Change in New Home Listings in Franklin County
Last updated: November 2023
Reduce your property tax bill with Ownwell
Mortgage Rates in Franklin County
Mortgages in Franklin County are a major source of financing for homeowners. According to recent data, there is a total of $274.0M in outstanding loan amounts across home mortgages in the county. This amounts to approximately 1.7K outstanding loans. The median mortgage rate in Franklin County varies across cities, with Canon having the highest median mortgage rate of 4.16%, while Carnesville has the lowest median mortgage rate of 3.79%. This variation in rates across cities indicates that homeowners in Franklin County have access to a variety of mortgage options.
The total outstanding loan amount of $274.0M across home mortgages in Franklin County is a significant amount relative to the total home value in the county. This indicates that mortgages are a popular financing option for homeowners in Franklin County. Furthermore, the variation in rates across cities provides homeowners with the opportunity to find the best mortgage rate for their needs. This is beneficial for homeowners as it allows them to save money on their mortgage payments.
Outstanding Mortgages
The table below shows the percentile distribution of outstanding loans on residential properties in Franklin County by city.
| City | 10th Percentile | 25th Percentile | Median | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Canon | $24,341 | $58,164 | $108,221 | $171,385 | $254,234 |
| Carnesville | $46,450 | $76,677 | $127,824 | $187,935 | $270,683 |
| Lavonia | $49,670 | $83,131 | $131,515 | $192,580 | $276,372 |
| Martin | $38,628 | $73,369 | $123,654 | $192,300 | $314,928 |
| Royston | $41,101 | $69,638 | $114,540 | $179,663 | $259,898 |
| Toccoa | $35,827 | $93,090 | $131,355 | $274,728 | $380,682 |
Mortgage Rates
The following table shows the 10th, 25th, 50th, 75th, and 90th percentile of mortgage rates in cities across Franklin County.
Housing Expenses in Franklin County, Georgia
Reduce your property tax bill with Ownwell
With Ownwell's property tax monitoring service ensures you'll never overpay on property taxes again.
How Ownwell works?
- Enter your property address and get an instant estimate of your potential tax savings based on local market data and our historical tax savings in your area.
- Sign up online and authorize Ownwell to fight your tax bill in less than 5 minutes.
- Sit back and let us get to work. Ownwell handles everything start to finish with no up-front costs. It’s all backed by our industry-leading Savings-or-Free Guarantee.
- When we save you money our fee is just 25% of your savings. If you don't save, you don't pay. We will continue to monitor your property taxes every year to ensure that you never overpay or have to worry about your property taxes again.