We’re all busy, and we all get tons of mail. Sometimes that means important information can get overlooked.
Like the fact that Franklin County (Virginia) changed how it bills real estate taxes.
This is critical information if you already own a house here, but also important to know if you are looking at homes for sale in Franklin County, VA. Keep reading for critical details on when your taxes are now due.
In the past, Franklin County property owners would receive an annual bill in October with the full amount of the taxes for all their real estate holdings due on Dec. 5 (or the next business day if that fell on a weekend or other non-business day).
In 2022, Franklin County began billing real estate taxes twice a year with the annual amount divided into two equal installment payments.
When are Franklin County real estate taxes due?
This year, 50% of your annual Franklin County real estate taxes are due on June 5 and the other 50% on Dec 5.
Be on the lookout in the late April and early November for your tax bills and make plans to pay them promptly. If they are not paid by the due date, penalty and interest will apply.
If you prefer, you can pay the full year’s tax amount when you pay in June. You can also make a series of prepayments anytime throughout the year. Simply write your account number in the memo section of your check and make a note that it is a prepayment. Send to: Franklin County Treasurer, 1255 Franklin Street, Suite 101, Rocky Mount, VA, 24151.
How much is property tax in Franklin County, Virginia?
Real estate in Franklin County is taxed at 43 cents per $100. That means if you have a home assessed at $250,000, you’ll pay an estimated $1,075 per year in property taxes. A larger, waterfront home in Franklin County that is assessed at $950,000, would mean a substantially larger tax bill coming in at $4,085 per year.
How can I pay my Franklin County, VA taxes?
Payment methods have not changed. You can still pay by mail (check or money order), by credit card or in person at the Treasurer’s office in Rocky Mount.
For more information, visit the County of Franklin Virginia’s web site or contact the Treasurer’s office at 540-483-3078.
When are Franklin County personal property taxes due?
No change has been implemented for personal property taxes in Franklin County. They will continue to be due on Dec. 5 (unless that falls on a weekend or holiday and then it’s due the next business day). Personal property tax in Franklin County is $2.41 per $100.
What are other tax rates in Franklin County, Virginia?
For 2024, here are the main tax categories and rates:
| Type of Property | Tax Rate per $100 |
|---|---|
| Machinery and Tools | 0.70 |
| Merchants’ Capital | 1.08 |
| Mobile Homes | .43 |
| Personal Property | 2.41 |
| Personal Property Heavy Construction Equipment | 1.89 |
| Real Estate | .43 |
| Other Local Taxes | |
|---|---|
| Meals Tax | 4% |
| Transient Occupancy Tax | 7% |
