Franklin, Kentucky — Tax Burden
What is the tax burden in Franklin, Kentucky?
Franklin, Kentucky has a total tax burden of 8.17%, ranking #5037 nationally. Property tax rate: 0.72%, state income tax: 4.000%, sales tax: 6.00%. Median household income is $54,784.
Source: US Census ACS, 2022
Ranked #5037 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
8.17%
Rank: 5037th nationally
Property Tax Rate
0.72%
Rank: 4968th nationally
Income Tax Rate
4.000%
Kentucky state rate
Sales Tax Rate
6.00%
State + local combined
Tax Burden Breakdown
Property (27%)Income (49%)Sales (24%)
Median Income: $54,784
Median Home Value: $166,600
Median Property Tax: $1,199/yr
Population: 10,141