Rate Breakdown

Property taxes in Franklin County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

Authority	Avg. Rate
County General Fund	0.45%
School District (Avg)	1.20%
City / Local (Avg)	0.35%

How Property Tax Works in Franklin County

Property tax is a critical source of revenue for local governments within Indiana and serves as a vital tool to fund essential services such as education, public safety, and infrastructure projects. In Franklin County, property tax follows a systematic process that ensures fair assessment and responsible spending:

Assessment Process: The journey begins with the Franklin County assessor’s office, which values properties within the county. They use an established appraisal system based on factors such as location, construction quality, size, and age. This value is then determined by applying applicable market data and regulations.

Millage Rates: The assessment determines a property’s taxable value, and the tax rate dictates how much of that value gets taxed. Millage rates are expressed in "mill rates," which represent a specific dollar amount per $1000 of assessed value. For example, a 1-mill rate means your property will be taxed $1 for every $1000 of assessed value.

Available Exemptions

Indiana offers various exemptions to eligible homeowners to help lessen their tax burden. Here's a closer look:

• Homestead Exemption: This exemption allows eligible homeowners, regardless of age or income level, to reduce the taxable value of their primary residence by up to 20% (maximum $12,500).
• Senior Citizen Exemption: For qualifying senior citizens aged 65 and over, this exemption reduces the taxable value of their home by up to 40%, capped at a maximum of $8,500. This can be combined with other exemptions like the homestead exemption.
• Disability Exemption: Those permanently disabled or injured can benefit from this exemption. The amount exempt varies based on disability level and household size.
• Veteran Exemption: Eligible veterans of various eras, including those who received a dishonorable discharge, qualify for a reduction in their property taxes. This exemption is capped at $10,000.

Payment Schedule & Deadlines

Property tax payments are typically due annually by the following deadlines:

Deadline for Payment: The deadline for property tax payment varies based on the municipality and year.

**Payment Options:** You can pay your taxes in full at once, or choose to set up an installment plan with your county treasurer's office.

• Installment Plans: Many municipalities offer flexible payment options through installment plans. Contact the Franklin County Treasurer’s Office for more details on available installment plans.
• Payment Methods: You can pay your property taxes in person, by mail, or electronically.

Appealing Your Assessment

If you believe your assessment has been miscalculated, you have the right to appeal it through Franklin County's Board of Appeals. The process involves filing an official appeal form and providing documentation supporting your claim. For specific details on the appeal process, visit the Franklin County Assessor's office website or contact them directly. Please note that this information is for general guidance only and does not constitute legal advice. It's essential to consult with qualified tax professionals or refer to official sources like the Indiana Department of Local Government for detailed information on specific property taxes in Franklin County.