Skip to main content
franklin-city-hall
City Hall
City of Franklin Tax Rates Southampton County Tax Rates

Real Estate

Nominal tax rate per $100 of assessed valuation - $0.99

Assessment ratio (percent of fair market value taxable) - 100%

Real Estate

Nominal tax rate per $100 of assessed valuation - $0.82

Assessment ratio (percent of fair market value taxable) - 100%

Machinery & Tools Tax

Nominal tax rate per $100 of assessed valuation - $2.00

Value used for tax purposes - 30% of Original Cost

Machinery & Tools Tax

Nominal tax rate per $100 of assessed valuation - $2.40

Value used for tax purposes - Original Cost

Assessment ratio (in years)

Year 1 80%

Year 2 70%

Year 3 60%

Year 4 50%

Year 5 40%

Year 6 30%

Year 7 20%

Year 8+ 10%

Automobiles & Trucks (less than 2 tons)

Nominal tax rate per $100 of assessed valuation - $4.50

Value used for tax purposes - Average Trade-In

Assessment Ratio - 100%

Automobiles & Trucks (less than 2 tons)

Nominal tax rate per $100 of assessed valuation - $5.00

Value used for tax purposes - Average Loan

Assessment Ratio - 100%

Electric Utility Tax

$2.00 + $0.015/kWh on first 3,700 kWh

$0.0055/kWh on excess ($165 max)

Tax rate is for monthly bills.

Electric Utility Tax

$2.29 + $0.015199/kWh on first 3,219 kWh

$0.00365/kWh on excess ($1,500 max)

Tax rate is for monthly bills.

Water Utility Tax

16.5% on first 1,000 ($165 max)

Tax rate is for monthly bills.