Franklin, Virginia — Tax Burden
What is the tax burden in Franklin, Virginia?
Franklin, Virginia has a total tax burden of 9.75%, ranking #3727 nationally. Property tax rate: 0.74%, state income tax: 5.302%, sales tax: 5.75%. Median household income is $57,537.
Source: US Census ACS, 2022
Ranked #3727 nationally for total tax burden among 6,688+ US cities.
Total Tax Burden
9.75%
Rank: 3727th nationally
Property Tax Rate
0.74%
Rank: 4848th nationally
Income Tax Rate
5.302%
Virginia state rate
Sales Tax Rate
5.75%
State + local combined
Tax Burden Breakdown
Property (26%)Income (54%)Sales (19%)
Median Income: $57,537
Median Home Value: $197,900
Median Property Tax: $1,465/yr
Population: 8,194