The median owner-occupied home in Franklin city had a real-estate tax bill of $1,677 (± $414) a year, compared with $2,686 in Virginia and $2,969 nationwide. The median home value was $227,200 (± $18,659), compared with $360,700 in Virginia and $303,400 nationwide.
| Measure | Franklin city | Virginia | United States |
|---|---|---|---|
| Population | 8,212 | 8,657,499 | 332,387,540 |
| Median annual property tax bill (homeowners) | $1,677 ± $414 | $2,686 ± $12 | $2,969 ± $3 |
| Median home value | $227,200 ± $18,659 | $360,700 ± $1,182 | $303,400 ± $362 |
| Median household income | $65,125 ± $9,355 | $90,974 ± $485 | $78,538 ± $176 |
| Property tax as a share of home value (calculated) | 0.74% ± 0.19 pointsrough guide only: the margin of error is 26% of the estimate | 0.74% ± under 0.01 points | 0.98% ± under 0.01 points |
| Homes lived in by their owners | 53.4% ± 5.6 points | 67.2% ± 0.3 points | 65.0% ± 0.3 points |
| Owner households headed by someone 65 or older | 38.0% ± 4.6 points | 31.5% ± 0.1 points | 32.6% ± 0.2 points |
| Owners spending 30% or more of income on housing costs | 18.2% ± 7.1 pointsrough guide only: the margin of error is 39% of the estimate | 20.2% ± 0.2 points | 22.2% ± 0.1 points |
How to read these numbers
- These are estimates from a survey, not a count. The American Community Survey asks a sample of households. The ± figure is the Census Bureau’s margin of error: the true value is very likely within that range of the estimate. Small places have large margins.
- “Too imprecise to report” means the margin of error is at least half of the estimate, so printing the number would suggest accuracy that does not exist. A “rough guide only” note means the margin is a quarter to a half of the estimate.
- Property tax bill and home value are medians for owner-occupied homes. Half of the homes are above the figure and half below. A median bill is not the rate set by a city or town; the bill combines taxes levied by every local government that serves the home, such as the school district and county.
- “Calculated” rows are worked out by Untax the Roof from the Census figures above them. They compare two medians, so they describe the place, not a particular household.
- Missing is not zero. Where the Census Bureau publishes no figure, this page says so.
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.
Cities, towns and villages in Franklin city (1)
Incorporated places with their own local government. A place that crosses a county line is listed in each county it touches and marked “partly”; its page shows figures for the whole place.