2025 Reassessment

The Franklin County Assessor’s Office has been notified by the State Tax Commission that the property values are falling out of compliance for 2025.  The county is obligated by State Statute to assess values within fair market value. 

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The increase will include all classes of property – residential, agricultural, and commercial.

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Reassessment is the review of all the property in the county to ensure the assessments are uniform and equitable.  The Assessor updates the assessments in the county to equalize values among the taxpayers and adjusts value to reflect current market conditions.  Rising home values is a good thing.  The downside is the property taxes may go up as well.

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Tax rates are governed by the taxing entities; if they roll their rates back the impact of higher assessments may not be felt.

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Some aspects of the property tax system are confusing to many taxpayers.  It is important that all taxpayers affected by property taxes and by reassessment understand the process and how it may affect them.  The value on a property should reflect how it would sell on the market as of January 1st.

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The Assessor’s office reviews and valuates all real property in Franklin County with the aid of a state approved mass appraisal software system. A percentage, which is based on the property’s current use, is applied to the value. The resulting calculation is the assessed value. This assessment is used by taxing entities located within the County to determine property taxes on approximately 74,000 parcels. The Assessor’s office also provides information to the general public through the means of personal interaction in both informal meetings as well as formal appeal settings. Personal property is assessed each year and includes cars, trucks, motorcycles, tractors, etc. We mail over 50,000 personal and 3,500 business declaration forms or postcards each year, which are then returned to us for processing.