Q: When are Franklin County property taxes due for the 2025-2026 fiscal year?
A: Property taxes are due annually by December 31st. For the current tax year, the final payment deadline is December 31, 2025.
Q: What tax credits are available and do they require application?
A: Franklin County offers several tax credits including the Senior/Disability Credit (up to $1,100 for qualified homeowners) and Property Tax Credit (up to $750 for renters, $1,100 for owners). All credits require annual application and are NOT automatic.
Q: How does the Homestead Credit work?
A: The homestead provision allows taxpayers 65+ with household income of $70,000 or less, or disabled individuals receiving Social Security, to defer tax increases beyond the previous year's amount. You must apply between January 1st and October 15th of the first qualifying year. This caps assessment growth rather than reducing market value.
Q: When can I appeal my property assessment?
A: Assessment appeals must be filed after you receive your assessment notice, typically between March and May. Contact the Franklin County Board of Equalization for specific deadlines and procedures.
Q: What are the penalties for late tax payments?
A: Late payments incur penalties and interest charges that accrue monthly after the December 31st deadline. Contact the Franklin County Collector for current penalty rates.
Q: Can I pay property taxes online?
A: Yes, Franklin County typically offers online payment options. Check the Franklin County Collector's website for available electronic payment methods and any associated fees.
Q: Why did my tax bill increase when property values went down?
A: Tax bills depend on both assessed values and tax rates. Even if your property value decreases, tax rates may increase to fund required services, resulting in higher overall taxes.
Q: How do special district taxes affect my bill?
A: Special districts (schools, fire, library, etc.) add their own levies to the base county rate. Your total rate depends on which districts serve your specific property location within Franklin County.
Q: Do I need to register as a new resident?
A: Yes, new residents should register with the Franklin County Assessor at 400 East Locust Street, Union, MO 63084 to ensure proper assessment and eligibility for available credits.
Q: What's the difference between tax credits and exemptions?
A: Tax credits reduce your final tax bill dollar-for-dollar, while exemptions reduce the assessed value subject to taxation. Most programs in Franklin County are credits that require annual application and income qualification.
