New York

Franklin

Village Franklin is a village in New York, in Delaware County.

The median owner-occupied home in Franklin had a real-estate tax bill of $4,060 (± $661) a year, compared with $6,450 in New York and $2,969 nationwide. The median home value was $187,100 (± $14,428), compared with $403,000 in New York and $303,400 nationwide.

U.S. Census Bureau estimates for Franklin, New York and the United States, with margins of error
MeasureFranklinNew YorkUnited States
Population 413 ± 127 19,872,319 332,387,540
Median annual property tax bill (homeowners) $4,060 ± $661 $6,450 ± $17 $2,969 ± $3
Median home value $187,100 ± $14,428 $403,000 ± $1,347 $303,400 ± $362
Median household income $80,000 ± $19,363 $84,578 ± $372 $78,538 ± $176
Property tax as a share of home value (calculated) 2.17% ± 0.39 points 1.60% ± 0.01 points 0.98% ± under 0.01 points
Homes lived in by their owners 62.0% ± 13.8 points 54.3% ± 0.2 points 65.0% ± 0.3 points
Owner households headed by someone 65 or older Too imprecise to report (estimate 36.0%, margin of error ± 21.6 points) 33.9% ± 0.1 points 32.6% ± 0.2 points
Owners spending 30% or more of income on housing costs Too imprecise to report (estimate 6.1%, margin of error ± 26.5 points) 27.2% ± 0.2 points 22.2% ± 0.1 points
How to read these numbers

Source: U.S. Census Bureau, American Community Survey 5-year estimates, 2019–2023: tables B25103 (real estate taxes), B25077 (home value), B19013 (household income), B01003 (population), B25003 (owners and renters), B25007 (age of householder), B25091 (housing costs as a share of income); see the Census ACS data page.

If property taxes go unpaid in New York

How it works. Local enforcing tax district uses RPTL Article 11 in-rem foreclosure, followed by sale/disposition of tax-foreclosed property; separate tax-lien-sale route may be used where authorized

Excess sale money. Post-Tyler Title 6 (RPTL 1195-1197) requires determination of surplus after sale of tax-foreclosed property and permits persons with prior right/title/interest/lien/equity of redemption to claim surplus. Public-sale price is used as value for surplus calculation under current law

These rules are set by New York, not by Franklin, so this section is the same for every place in the state. Last verified 2026-09-25. See the full New York entry with statute links.

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