Franklin County residents will likely be getting a shock in their mailbox in the coming weeks. Reassessment letters will soon be making their way out with residential home values in the county expected to increase by 55% on average.
The assessed value of residential homes in Franklin County is expected to increase by 55% on average. County officials will either have to lower the real estate tax rate or advertise a massive effective tax rate increase. The county has one of the lowest real estate tax rates in the region.