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Understanding Franklin County Florida Property Taxes


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Demystifying the complexities of property taxes, this informative piece provides an in-depth exploration into the specifics of Franklin County, Florida’s property tax system. The goal is to equip the everyday resident with a comprehensive understanding on how these taxes are calculated, the various payment methods available, the consequences of late payment, and the tax relief programs and exemptions provided by the county. By the end of your reading, you should have a well-rounded knowledge about your own role in contributing to the community’s sustained operating budget and the vital services it funds, from educational needs to infrastructure maintenance.

How to Calculate Property Taxes in Franklin County

Franklin County Property Tax Assessment Process

In Franklin County, Florida, the property tax process starts with the appraisal of property value. This task is undertaken by the County Property Appraiser, who determines the fair market value of the property as of January 1 each year. This fair market value—essentially the amount for which your property might sell in the open market—is then adjusted for any homestead or other exemptions, resulting in the property’s assessed value.

Understanding Property Taxes in Franklin County, Florida

In Franklin County, the basis of your annual property tax bill is the finalized assessed value of your property. The property tax rates, also called millage rates, are dependent on your property’s location and the taxing authorities that service that area. Every taxing authority involved, such as the County Commission, School Board, and City Council, sets their own rate. These rates are combined to form the total millage rate, which is used in calculating your annual tax amount by applying it to the assessed value of your property (divided by 1,000).

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