Franklin County, VA Property Tax

The tax rate for Franklin County, VA is 0.47% and residents pay roughly $733 a year in property taxes.
Written by Andrew Biro
Reviewed by Melanie Reiff
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With an average tax rate of 0.47%, Franklin County,
Virginia
falls much lower than the state average of 0.74%. Residents can expect to pay approximately $733 a year in property taxes.
Paying your property taxes is an unavoidable responsibility of being a homeowner, but making sense of your tax statement isn’t easy—between ever-changing market conditions and varying annual tax rates, keeping track of how much you owe can be a real hassle.
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Property tax 101

If you are paying property taxes for the first time, there are some things you need to know about what property tax is and how it works:
  • Levied by local governments, property taxes are primarily used to pay for public works and community services, including such things as public housing, education, libraries, law enforcement, etc.
  • Property tax only applies to real, physical assets such as homes, land, and buildings.
  • Heavily influenced by local budgets and marketing conditions, property taxes are not static and rates change from year to year
  • The property tax you pay is determined by a local tax assessor who uses the local tax rate and market value to calculate the obligation of each property to the municipality
At their core, property taxes serve as a way in which local governments can collect funding from people with an established interest in the community.

What is the property tax rate in Franklin County, VA?

On average, the property tax rate in Franklin County is figured to be roughly 0.47% of the assessed value of your home. Luckily for residents, this figure falls significantly below the state average of 0.74%. If your property’s value is close to the county average, expect to pay approximately $733 a year in property taxes.

How Franklin County property taxes are determined

Each property in Franklin County is located within several taxing districts, figured at the city, county, and school district levels—as a result, the amount you pay is dependent on several factors.
Every year, the county’s local governments set an annual budget—to be funded in part by property taxes—after which a county auditor will be employed to determine the tax rate of each district.
To figure out the individual amount you owe in property taxes, a local tax assessor will calculate your home’s appraisal value—based on current market conditions—and multiply it by the local tax rate. 

What do Franklin County property taxes pay for?

Like with all counties, the Franklin County local government uses the revenue collected from property taxes to fund many public works and services, including:
  • Law enforcement
  • Roads and highways
  • K-12 and community education
  • Transportation
  • Public housing
  • Public health
  • Watershed management
  • Building safety
  • Libraries
  • Regional sewer systems

How to pay property taxes in Franklin County, VA

Franklin County, VA allows residents to pay their property taxes in multiple ways, including:
  • In-person: To pay in-person, head to the Treasurer’s Office at 1255 Franklin Street Suite 101 Rocky Mount, VA 24151. They accept cash, checks, cashier’s checks, money orders, and most credit cards.
  • By mail: To pay by mail, address your envelope to the Treasurer of Franklin County at 1255 Franklin Street Suite 101 in Rocky Mount, VA 24151. Make sure to send your payment early to avoid penalties (envelopes must be postmarked before the due date to be considered on time).
  • Online: If you want to pay online, visit Franklin’s tax website
    here
    and follow the instructions (to get started, you’ll need to click the “Search and Pay Taxes” button at the top of the page). They accept Discover, Visa, and MasterCard.
  • By phone: You can also pay over the phone by calling 1-888-272-9829.

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FAQs

At the start of each year, Franklin County’s Commissioner of Revenue assesses real estate property and property tax payments are due on December 5th of each year. If you're paying by mail, make sure to send it early enough to ensure it is postmarked by the due date to avoid penalties.
Property tax statements are handled by the local government, so you won’t have to do anything in order to receive yours. Your property tax statement should be mailed to you in April or May, shortly before your first property tax payment is due.
Compared to the state and national averages, Franklin County’s average rate of 0.47% is quite low, with residents paying approximately $733 a year in property taxes.
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